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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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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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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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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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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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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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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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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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