Mon.Dec 09, 2024

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Art of Accounting: Barry Melancon's parting words about future of small firms

Accounting Today

Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.

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What’s new in Xero – December 2024

Xero

Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.

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Big changes expected at SEC under new chairman

Accounting Today

The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.

Auditing 289
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Intuit and Amazon Expand Strategic Partnership

Intuit

Today, Intuit and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuits AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuits platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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TIGTA helped save $6B, agency says

Accounting Today

The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.

Tax 276
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Your Guide to Managing Recurring Revenue

Billing Platform

In contrast to traditional sales models that consist of one-off purchases, recurring revenue delivers a predictable and stable revenue stream. Occurring at regular intervals, recurring revenue provides companies with revenue on a monthly basis (MRR) , annual basis (ARR) , and/or other predetermined time frames. Want to dig a bit deeper? Read on to gain a better understanding of recurring revenue , the importance of this revenue model, its benefits, what it takes to maximize recurring revenue suc

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Accounting Firm Acquired for 11X EBITDA? State of M&A and More w/ Geoff Bruskin

Jetpack Workflow

Podcast Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes Geoff Bruskin , founder and managing partner of White Tiger Connections. They dive into the dynamic landscape of mergers and acquisitions (M&A) within the accounting industry, exploring how recent trends have created a surge in acquisition interest. Geoff discusses the impact of cloud technology and the shift towards distributed employment, which have transformed the M&A space.

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PCAOB posts 2025 inspection priorities

Accounting Today

The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.

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Top 8 E-Way Bill Software in 2025 to Simplify GST Compliance

Invoicera

The E-Way Bill system was implemented along with the new taxation system known as the Goods and Service Tax (GST) in India. It has greatly impacted the flow of cargo and eradicated fraud. Just in August 2024, over 10.54 crore e-way bills were generated , which shows the significance of this system. It has improved compliance, stricter enforcement, and enhanced business processes.

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Navigating peer reviews and DOL inspections of 401(k) audits

Accounting Today

Knowing how to distinguish between what is required by standards and what is opinion is crucial for auditors to confidently navigate these reviews and inspections.

Auditing 147
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Pricing Your Monthly Accounting Service: What CSI Considers to Be “Complexities”

CSI Accounting & Payroll

As you learn about our pricing, you may wonder, What's a complexity? This term refers to certain scenarios. Let's discuss how we price our monthly accounting service, examples of complexities, & how to get a cost estimate.

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With mortgage interest deduction up in the air, here's one reform idea

Accounting Today

A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.

Tax 113
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How to Use Azure Tags: Best Practices for Cost Management

Economize

Managing cloud costs can be a daunting process. Especially when your resources are scattered, and theres no clear way to trace expenses back to their source. That’s where Azure Tags can help. Azure Tags helps you to have a holistic understanding of your Azure resources and where each dollar is spent.

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It's time to get your WISP in order

Accounting Today

When you check off "WISP" before the December PTIN renewal deadline, it's critical to make sure your practice complies with the latest changes.

Tax 100
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Understanding Payroll Service Costs for Small Businesses in 2024

Black Ink Tax & Accounting

Table of Contents Payroll Services and how much a payroll service cost For owners with small business or start-ups, establishing […] The post Understanding Payroll Service Costs for Small Businesses in 2024 appeared first on bitaccounting.

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Intuit and Amazon Expand Strategic Partnership

Insightful Accountant

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Leading Nonprofit Accounting Software in 2025

Tipalti

Find the best accounting software solutions designed for nonprofit organizations. Learn which tools excel at managing nonprofit accounting needs and streamline your financial operations.

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Third-party Nominations for 2025 ProAdvisor Awards Close Tonight

Insightful Accountant

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Small Business Accounting Software

Tipalti

Discover the best affordable accounting software for small businesses, designed to manage finances and boost efficiency on a budget.

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Federal Court Case Could Upend Cannabis Tax Treatment Under 280E

Insightful Accountant

Tax 40
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Fixed Rates vs Variable Rates: Which Should You Choose?

Fit Small Business

The main differences between fixed rates and variable rates are how the rate fluctuates and how it alters your repayment amount and overall cost of lending. Various types of loans can have either a fixed or variable rate, and depending on your business needs, either rate option may be applicable. By understanding how both rate. The post Fixed Rates vs Variable Rates: Which Should You Choose?

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Murph's Payroll App Comparison is This Thursday, December 12th

Insightful Accountant

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Canada pressured to respond to Trump's tax cut regime

Accounting Today

Donald Trump's planned tax cuts would wipe out Canada's slim corporate tax advantage, likely driving more capital from the northern nation.

Tax 100
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Our QuickBooks Integration Just Got an Upgrade – Work Faster, Smarter, and More Efficiently

LedgerDocs

At LedgerDocs , were always looking for the next ways to make your bookkeeping experience more seamless, simple and stress-free. Our latest Quickbooks Online integration updates have brought us even closer to creating the perfect platform for bookkeepers and accountants. These recent enhancements are designed to simplify your workflows, minimize the manual tasks that need to be done, and ensure accuracy at every step.