Thu.Jan 16, 2025

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The Key to SMB Success: Leveraging CFO Support Services

Accounting Department

In today's ever-changing business environment, having a solid financial strategy is crucial for achieving success. But what if your small or medium-sized business (SMB) can't afford to hire a full-time financial executive? That's where CFO support services come ina revolutionary solution for SMBs and startups. This blog explores what a CFO support service provider is, the significant value they offer, and why your business might benefit from their expertise.

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Guiding clients through the tax implications of a divorce

Accounting Today

The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS and, probably, an advisor for each spouse.

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Building a Resilient and Successful Bookkeeping Business

The Successful Bookkeeper

Building a successful bookkeeping business requires resilience, strategy, and a commitment to continuous improvement. Whether you're just starting out or looking to scale your operations, the journey involves both challenges and opportunities. This blog highlights practical strategies and insights to help bookkeepers grow their businesses, serve clients effectively, and achieve long-term success.

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Tax Fraud Blotter: Blessed is the weed

Accounting Today

Not so Fussy; that's a wrap; at sea, in the air and on the road; and other highlights of recent tax cases.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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The Silent Killer of Small Business Growth: Are You Still Processing Invoices by Hand?

Compleatable

In the fast-paced world of small business, time is money. And yet, many small to medium-sized businesses (SMBs) continue to waste valuable time on manual processes that hinder growth, drain resources, and stunt overall productivity. One of the biggest culprits? Manual invoice processing (AP). You may not realise it, but the outdated practice of manually entering, managing, and paying invoices could be the silent killer of your businesss growth.

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Massachusetts CPAs eye recruitment and retention concerns

Accounting Today

The Massachusetts Society of CPAs released a report on key trends and concerns in the accounting profession based on a recent survey.

More Trending

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IIA Global Internal Audit Standards take effect

Accounting Today

The Institute of Internal Auditors announced that its Global Internal Audit Standards officially became effective on Jan. 9.

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From 80-Hour Weeks to 15: How This CPA Broke Free from Big Firm Culture

Blake Oliver

"If you can do a 10-hour tax return in 5 hours, you're not celebrated - you're just given more work." Ever wonder why the accounting profession seems stuck in the dark ages when it comes to productivity? The problem is simple: traditional firms actively punish efficiency. Finish your work faster than budgeted? Congratulations - here's more clients! No wonder our best people keep leaving.

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IRS offers guidance on family and medical leave programs

Accounting Today

The IRS released guidance on the income and employment tax treatment of contributions and benefits offered under state paid family and medical leave programs.

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The new math of career success in accounting

Blake Oliver

$588,000 salary and $9 million net worth - that's what Gen Z considers "successful" today. But their grandparents? They think $100,000 is plenty. As we discussed on a recent episode of The Accounting Podcast , the generation gap in financial expectations is huge, and it has big implications for our profession. Your average CPA earns around $120,000.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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PCAOB fines firm $65K for audit deficiencies

Accounting Today

The Public Company Accounting Oversight Board revoked SS Accounting and Auditing's registration and barred its owner and sole partner for violating rules and quality control standards.

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TikTok Ban for Small Business: What You Need to Know

Fit Small Business

January 19 is set to be the deciding date for the years-long conflict around TikToks future in the US. ByteDance, TikToks Beijing-based parent company, has until Sunday to sell the app to a US company, as ordered by the US Justice Department, or face a ban. With over 170 million users in the US alone, The post TikTok Ban for Small Business: What You Need to Know appeared first on Fit Small Business.

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GOP lawmakers reintroduce bill to repeal CTA

Accounting Today

Sen. Tommy Tuberville and Rep. Warren Davidson reintroduced legislation to repeal the Corporate Transparency Act and its beneficial ownership information reporting.

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Is Annual Tax Prep Enough? Fill these 3 Gaps With Monthly Accounting

CSI Accounting & Payroll

Partnering with an annual tax accountant has been the default for small businesses for decades. Theyre not overly expensive, and they get right to the point: filing your taxes.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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By the numbers: Growth in CAS, IRS Criminal Investigation

Accounting Today

The latest data on revenue growth for CAS practices, statistics from IRS Criminal Investigation for the full year of 2024, and other major metrics.

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First Look Fridays are for App Developers

Insightful Accountant

Easier than ever to get a FREE 'Edit' feature.Insightful Accountant has automated the collection of our App Aware and Advisor Alliance articles that feature content on Apps, Software and Partner Programs.

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PCAOB puts focus on journal entries

Accounting Today

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries.

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Have You Told Us: How Much a ProAdvisor is Worth?

Insightful Accountant

We are asking for your participation in this (non-scientific) survey of billing rates and methods. We will compile this information into a free report upon completion of the survey.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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GBQ acquires Wirth Lowe Wissemeier

Accounting Today

GBQ Partners LLC, a Top 100 Firm based in Columbus, Ohio, has expanded its presence in Cincinnati by acquiring Wirth Lowe Wissemeier CPAs Inc., effective Dec. 16, 2024.

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IRS Reminder: Wage Statements and Certain Information Returns Due by Jan. 31

Insightful Accountant

As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31.

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Accountants should track intellectual capital

Accounting Today

The accounting profession has the opportunity to advance by emphasizing intellectual capital in engagements.

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Murph's 2025 Cybersecurity Software Survey Part 2

Insightful Accountant

This is Part 2 of Murph's survey of various Cybersecurity software and hardware, ranking them into a composite five point score. Part 1 looked at his Top Anti-virus applications. This Part looks at so much more.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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10 Reasons Why Bookkeeping is Important for Your Business

Black Ink Tax & Accounting

Table of Contents Top 10 Best Bookkeeping Software: Top Accounting Software in 2025 Bookkeeping is an important aspect of any […] The post 10 Reasons Why Bookkeeping is Important for Your Business appeared first on bitaccounting.

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American 'oligarchy' decried by Biden gained $1.5T in his term

Accounting Today

Most Biden administration tax proposals weren't adopted by Congress, including an idea to tax the unrealized gains of billionaires.

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Why Statement of Cash Flow is Important

Black Ink Tax & Accounting

Table of Contents Why Statement of Cash Flow is Important: Understanding Cash Flow Statement A statement is one cashflow that […] The post Why Statement of Cash Flow is Important appeared first on bitaccounting.

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Bessent says US barreling to crisis if tax cuts not extended

Accounting Today

Treasury Secretary nominee Scott Bessent warned of an economic crisis that will hammer middle- and working-class people if the 2017 tax cuts aren't extended.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Yellen warns extending Trump tax cuts may roil US markets

Accounting Today

The outgoing Treasury Secretary warned that plans by the incoming administration could worsen an already challenging fiscal outlook.

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