Wed.Jan 29, 2025

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Rupert Murdoch tests how irrevocable a trust can be

Accounting Today

The media mogul is in court to allow him to change the terms of a trust but it's not that easy.

Tax 309
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Utilizing FP&A for More Effective Financial Planning

Accounting Department

For any business owner, prioritizing the companys future is essential. Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasnt focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

Budgeting 247
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Archeologists uncover tax fraud in ancient Rome

Accounting Today

Court documents from an ancient tax fraud and forgery case show that tax evasion was an issue even 2,000 years ago.

Tax 305
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Sage Copilot's data leak reveals the hidden dangers of AI in accounting

Blake Oliver

Sage Copilot (their new AI chatbot) reportedly showed one customer's financial data to another. The incident happened when users asked Sage Copilot for a list of recent invoices. The AI displayed invoices from other businesses. This is one of the big security challenges of integrating AI into SaaS business systems. If the same AI can access multiple companies, it could unintentionally reveal information to the wrong customer.

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Month-End Close Automation: The Good, The Bad, The Ugly

More and more so, companies are adopting month-end close solutions to help battle the changing landscape of business. Macro trends such as shortage of accountants, the increased push for digitization and AI, and increase of remote work are encouraging accounting teams to explore more ways to automate recurring work. In this webinar, we will discuss the decision-making process on whether or not to automate month-end close, how best to evaluate vendors and solutions, and how to ensure a successful

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IRS reduces wait times for some identity theft victims

Accounting Today

The Internal Revenue Service is making progress on whittling down the amount of time it takes to help victims of tax-related identity theft.

Tax 200
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Summarizing the 2025 Acumatica Summit

Insightful Accountant

Murph wraps up his Las Vegas reporting from this years Acumatica Summit with a summary of what hes learned.

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How to Handle an Upset Client

Future Firm

Every firm will have unhappy clients. Discover quick and effective ways to turn situations around and keep clients happy. The post How to Handle an Upset Client appeared first on Future Firm.

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Leadership transitions: A chance for change

Accounting Today

A change in command is a natural time for firms and their leaders to take stock of where they are, and to consider new directions, new ideas and new approaches.

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Finout's Round C - A Milestone Moment for Finout and the FinOps Community

finout

Today, were proud to announce a pivotal milestone in Finouts journey: our $40M Series C funding, led by Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. This moment is not just a testament to Finouts growth but a reflection of the critical role FinOps now plays in modern enterprises.

FinOps 52
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Convicted hedge fund trader wins cut in prison term in tax scandal case

Accounting Today

The massive scandal cost Denmark's treasury a total of 12.7 billion kroner ($1.8 billion).

Tax 162
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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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Top Remote Accounting Candidates for Hire | January 30, 2025

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

CPA 52
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Multi-entity complexity and family office clients

Accounting Today

For accountants with clients with multiple entities, one of the biggest bottlenecks is in multi-entity consolidation, especially family offices. How can you, as their trusted advisor, help combat the issue?

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Hiring Update: January 2025 | 2024 Recap + 2025 Outlook

accountingfly

Sharing our perspective on the latest hiring trends in accounting that impact talent acquisition – Tax Season; Hiring Hybrid and Remote; Salary Updates. All content is 100% written by the real humans working here at Accountingfly. Looking Back at 2024 Accountingfly By the Numbers: Candidates 30,000+ applications received/reviewed 1,000+ candidates selected for interviews 400+ top candidates featured in weekly emails to Accountingflys Always-On Recruiting clients, plus many more delivered d

CPA 52
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It's time to modernize the painfully obsolete $150K PAL threshold

Accounting Today

While other parts of the Tax Code are updated routinely, the passive activity threshold threshold has stayed frozen in time, punishing hardworking Americans.

Tax 133
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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10 Best Multi-Currency Accounting Software

Invoicera

Managing multiple currencies is one of the biggest challenges for businesses expanding globally. Fluctuating exchange rates, varying tax structures, and complex regulations make financial operations difficult to streamline. As the global e-invoicing market is expected to grow from USD 4.79 billion in 2023 to USD 29.29 billion in 2031 at a CAGR of 25.40% , the demand for multi-currency accounting software is rising.

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top 10 best payroll companies

Black Ink Tax & Accounting

Table of Contents Top 10 Best Payroll Companies 2025 Payroll management is an important operation for businesses of all sizes. […] The post top 10 best payroll companies appeared first on bitaccounting.

Payroll 40
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IBAN vs. SWIFT BIC Code: Are These the Same Thing?

Tipalti

IBAN vs. SWIFT codes are both internationally recognized for identifying bank accounts when a transfer is being made. The specific identifier required depends on the countries involved, as well as the recipient's bank.

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7 Reasons Why Bookkeeping is Important for Your Small Business Success

Black Ink Tax & Accounting

Table of Contents Top 10 Best Payroll Companies 2025 Payroll management is an important operation for businesses of all sizes. […] The post 7 Reasons Why Bookkeeping is Important for Your Small Business Success appeared first on bitaccounting.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Bessent sworn in as 79th Treasury Secretary

Accounting Today

Bessent is expected to be a key advocate for the Trump administration's much-anticipated tax cut package.

Tax 147
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Trump freeze targets Biden's green bank, EV tax credits and more

Accounting Today

A $400 billion green bank for clean energy projects and a consumer tax credit for electric vehicles are being reviewed under a government-wide spending freeze.

Tax 113