Tue.Jan 07, 2025

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Why CFO Support Services Are Essential for Business Success in 2025

Accounting Department

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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A simpler tax code means simpler taxes. For everyone.

Intuit

Today, the US tax code is over 6,000 pages. Thats longer than the Bible, War and Peace, and Robert Caros The Power Broker combined. Thats a lot of pages and a lot of complexity. The tax code wasnt always this complicatedover the last 30 years, it has more than tripled in size. Even the Taxpayer Advocate Service has said that, US tax laws are overly complex.

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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How to Write Effective Past Due Invoice Emails: Templates and Best Practices

Gaviti

A proactive B2B payment reminder sent before the due date is the most effective method for ensuring timely payment of invoices. Even so, businesses sometimes arent able to pay on time for a variety of reasons. Sending a payment reminder for business helps ensure that clients are aware that a due date has passed and that the invoice is outstanding. In certain cases, youll also need to follow up with a past due invoice email.

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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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IRS proposes banning contingency fees

Accounting Today

The change would come as part of the first big amendments to Circular 230 since 2014.

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Start the Year Right: Creating a Business Growth Strategy for 2025

Counto

Start the Year Right: Creating a Business Growth Strategy for 2025 As a small business owner in Singapore, setting a clear and actionable business growth strategy for 2025 is essential to ensure long-term success. A solid growth strategy not only aligns your goals with market realities but also integrates sound accounting services to maintain financial stability.

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Key Benefits of e-Invoicing: Reducing Errors and Invoice Frauds

Invoicera

Misleading and fraud invoices might pull down a firms reputation, besides consuming a lot of time and money. Most traditional accounts payable and receivable processes are susceptible to errors such as duplicate entries, errors made by the workers, etc., all because of manual processes. Did you know? In the US companies are losing an average of $300,000 per business annually to fraudulent invoices.

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Deadlines coming for taxpayers hit by disasters

Accounting Today

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

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3 tech must-haves for 2025, according to Canadian businesses

Plooto

According to our recent survey, over 500 Canadian business owners, accountants, and financial professionals are optimistic about the economy in 2025, with 81% expecting stability or improvement. Reflecting this optimism, businesses are not scaling back; instead, theyre prioritizing technology investments to drive growth and efficiency. In fact, 60% of Canadian businesses plan to increase their use of fintech to replace manual tasks and fuel strategic initiatives.

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IRS, Treasury finalize rules for clean electricity tax credits

Accounting Today

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

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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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What is Days Sales Outstanding (DSO)?

oAppsNet

Days Sales Outstanding, often called DSO, is a term many business owners hear but do not always understand in depth. It is a simple concept: it shows how long it takes to get paid after making a sale. Yet, it can reveal so much more about the health of your business. When your DSO is too high, you may be short on cash, even if you have many active clients.

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Adopt, Test, Monitor: Simplifying AI for CPAs

Accounting Today

When it comes to AI, where do we start? What's relevant? How do we determine what's worth our time and investment? Consider the AI Adopt, Test, Monitor Framework.

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What Is SOFR (Secured Overnight Financing Rate)?

Fit Small Business

The Secured Overnight Financing Rate, commonly referred to as SOFR, is a benchmark rate index published by the Federal Reserve Bank of New York. It is used by financial institutions to price various lending productssuch as loans, derivatives, and bondsand reflects the average cost of borrowing funds overnight when secured by US Treasury securities. It.

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Caseware to acquire lease software company

Accounting Today

Caseware announced it is acquiring LeaseJava, an Atlanta-based provider of lease accounting support solutions.

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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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Inventory Management in QuickBooks Enterprise – What You Need To Know

Ace Cloud Hosting

QuickBooks Enterprise is one of the most robust tools for managing the accounting processes of every business in any industry.

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Citrin gets new PE owner as Blackstone buys stake

Accounting Today

The Top 25 Firm's private equity ownership will transfer from New Mountain Capital to Blackstone, marking the first 'turn' in the U.S. accounting space.

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1099 Preparation and Filing Year-End Bookkeeping Full-Year QuickBooks Write-Ups

Outsourced Bookeeping

Managing finances effectively is critical for the success of any business, especially when preparing for tax season. From 1099 preparation services to year-end bookkeeping and full-year QuickBooks write-ups , ensuring your financial records are accurate and compliant can be daunting. This blog will delve into these essential processes, providing insights into how they can simplify your bookkeeping and tax filing. 1099 Preparation and Filing Year-End Bookkeeping Full-Year QuickBooks Write-Ups Und

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Kacee Johnson departs CPA.com

Accounting Today

CPA.com's vice president of strategy and innovation, Kacee Johnson, has announced she is stepping away from her position after six-and-a-half years.

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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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QuickBooks Payments Changes Coming to QuickBooks

Insightful Accountant

Not later than the end of January, some QuickBooks users may see changes in the form of access to QuickBooks Payments.

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M&A roundup: HBK and SD Mayer expand

Accounting Today

Top 50 Firm HBK acquired Acuity Human Resources; and SD Mayer merged in Bogdan & Frasco.

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ProAdvisor 'Inventory/Manufacturing' App Survey Request

Insightful Accountant

Insightful Accountant is still seeking to update ProAdvisor preference information concerning Inventory/Manufacturing Apps that work with QuickBooks. Please assist us with a short survey telling us your favorite apps in this category.

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2025 Regulatory Changes: What SMEs in Singapore Need to Know

Counto

2025 Regulatory Changes: What SMEs in Singapore Need to Know As we approach 2025, small businesses in Singapore are facing a dynamic regulatory landscape that will impact various aspects of their operations, including accounting services. With new policies and regulatory changes on the horizon, business owners must stay informed and prepared to ensure continued compliance.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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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How to Actually Start Tax Season Feeling Refreshed

Insightful Accountant

For tax professionals, January marks the beginning of the most demanding period of the year. While others are setting New Year's resolutions, you're preparing for four months of long hours, complex calculations, and deadline pressures.

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How to Refinance a Business Loan

Fit Small Business

To refinance a business loan, you must replace the existing loan with a new one. This requires you to have an understanding of how much you need to satisfy the existing loan, identify the best type of loan to suit your needs, and then find a lender willing to issue you funding. While there may. The post How to Refinance a Business Loan appeared first on Fit Small Business.

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Thomson Reuters Acquires SafeSend

Insightful Accountant

Thomson Reuters automates the 'last mile' of tax return workflow by acquiring SafeSend to solve taxpayer e-signature and deliver pain points.

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What Is IT Financial Management (ITFM) and 5 Steps to Adoption

finout

IT financial management (ITFM) oversees IT resources and services, ensuring cost-effectiveness and alignment with business goals.

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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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QuickBooks Payments Changes Coming to QuickBoooks

Insightful Accountant

Not later than the end of January, some QuickBooks users may see changes in the form of access to QuickBooks Payments.

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What Are Key Performance Indicators for Employees: Types & Examples

Fit Small Business

Key performance indicators (KPIs) for employees are measurable values that allow you to determine how effectively workers achieve business objectives. They also let you monitor worker productivity and efficiency, enabling you to spot potential problems and make the necessary adjustments to help you stay on track with team or organizational goals. Categories of Key Performance.

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Treasury and IRS Propose Regulations To Update Rules for Tax Pros

Insightful Accountant

The Treasury and IRS propose regulations to update rules for tax professionals who can practice before the IRS encouraging taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.

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In the blogs: Great minds

Accounting Today

Trump's tax policy guy; states copy the feds; what's in a name; and other highlights from our favorite tax bloggers.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.