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Featured….
Nominations Open for 2025 “Most Powerful Women in Accounting” Awards
Professionals on the Move – Nov. 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
3 Reasons to Involve Your Children in Small Business Saturday
Contributors….
Randy Johnston
Brian Tankersley
Darren Root, CPA, CITP, CGMA
Becky Livingston
Ken Berry, JD
Webinars and CPE….
CPE Webinar: Top 10 Payroll Tasks to Prepare for Year-End
CPE Webcast Dec. 12 – Transforming Sales Tax Compliance to Fuel Business Growth
Events….
Accounting
Intuit Connect 2024 – Oct. 28-30
Get inspired by influential speakers and expert-led sessions on topics such as QuickBooks tools and services, Mailchimp, firm growth, client advisory, and more.
SYNERGY 2024 Conference – Nov. 6-9, 2024
From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024
Ensuring Success 2024 – CPAs Can Earn Up to 14 Hours of Free CPE in December
The end of the year is almost here, and that means you need to check if you have all of your CPE completed. A lot of us have just gotten out of extension season, then the election, but if you need more CPE, Ensuring Success is an easy way to earn up to 14 hours of CPE credits in 2 days, from your own office or laptop. And it’s free.
Accounting
CPE Sessions Announced for Ensuring Success
On Dec. 18-19, professionals can earn up to 14 hours of free CPE credit, with 7 sessions each day. Pick the ones you want or stay for all of them.
Accounting
Nominations Open for 2025 “Most Powerful Women in Accounting” Awards
The Most Powerful Women in Accounting Awards, now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession.
Staffing
Professionals on the Move – Nov. 2024
Professionals on the Move is a round-up of recent promotions and hiring announcements from around the profession.
Taxes
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
“We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday.
Small Business
3 Reasons to Involve Your Children in Small Business Saturday
Hiring your kids to work on Small Business Saturday can teach them positive work values and give you extra help for the holidays.
Technology
Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
Brian Tankersley, CPA, and Randy Johnston review Blue J, a generative AI platform for tax experts. With Blue J, professionals can complete hours of tax research in seconds.
Firm Management
State Societies in Action: Wisconsin Institute of CPAs
The Wisconsin Institute of Certified Public Accountants was founded in 1905 and has continued to represent CPAs, accounting, and business professionals, promoting the value of members and the accounting profession.
Firm Management
LinkedIn + AI = A Recipe for Prospecting Success for Accounting Firms
By combining AI with LinkedIn, you can streamline sales prospecting, reach the right people, and ultimately build a more efficient pipeline for your accounting firm’s growth.
Taxes
The Tax Blotter – Nov. 2024
The Tax Blotter is a selection of briefs on the latest tax legislation and Tax Court rulings.
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Firm Management
CohnReznick Expands Footprint in Philippines
The Philippines expansion aligns with CohnReznick’s commitment to leverage outstanding domestic and global talent in its delivery of world-class services to clients and stakeholders.
Taxes
Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN
Filers who claim tax credits like the Earned Income Tax Credit and Child Tax Credit will especially benefit from this change, the IRS said.
Taxes
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Fears of a vengeful Donald Trump caused dozens of House Democrats to rethink prior support for the legislation.
Small Business
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
Credit card rewards would not be affected because those are determined by banks that issue cards, not the networks that process transactions.
Small Business
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
NRF forecast earlier this month that holiday spending is expected to reach record levels during November and December and will grow between 2.5% and 3.5%, totaling $979.5 billion to $989 billion.
Auditing
PCAOB Rule Change Creates Procedure to Revoke Delinquent Firms’ Registrations
Audit firms that don’t file annual reports and have neglected to pay their annual fees for two straight years would be targeted.
Technology
BlackLine Launches Studio360 Platform
The Studio360 platform reduces system and data complexity and enables real-time insights for accounting and finance teams.
Payroll
Bipartisan Bill Would Boost Monthly Social Security Benefits for 2.5M Americans
The House of Representatives last week overwhelmingly passed the Social Security Fairness Act, which now heads to the Senate.
Accounting
HubSync Ranked 212th Fastest-Growing Company in North America on 2024 Deloitte Technology Fast 500
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 186,373% over the three-year time frame, with an average growth rate of 2,100% and median growth rate of 460%.
Taxes
Treasury, IRS Final Regs on Direct Pay Expand Clean Energy Tax Credit Access
The rules provide more flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects, Treasury says.
Small Business
Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality
ATC for Lodging gathers, processes and organizes lodging tax data specifically for the lodging and hospitality industries – making it the ideal solution for organizations that require lodging tax content for tax calculations.
Firm Management
Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025
Most firms are planning to raise fees across services by 5% or 10% due to rising business costs, according to the Ignition report.
Firm Management
Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries
Andersen has added collaborating firms in Australia, China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
Small Business
81% of Business Owners Have Some Optimism for 2025 Economic Outlook
The survey, which polled more than 275 executives across the public and private middle market, looks into the key trends, challenges and successes that businesses are set to experience in 2025.
Firm Management
Opsahl Dawson Merges in Hauser Jones & Sas
The combination expands the top 300 firm’s presence into Bellevue, joining its three other offices in the state of Washington.
Small Business
Intuit Assist for QuickBooks Adds Gen-AI Financial Assistant to Power Business Growth
Intuit’s AI-driven expert platform is embedded in the company’s products, including QuickBooks, TurboTax, Credit Karma, and Mailchimp.
Firm Management
Bridging the Accounting Profession’s Generational Gap Requires Purpose-Driven Strategy Steeped in Innovation and Adaptability
Young team members are crucial for long-term viability, bringing fresh perspectives that propel the sector forward.
Small Business
Fiserv and ADP Team Up for Small Business Management
ADP and Fiserv will offer U.S.-based small businesses access to an integrated, all-in-one solution combining the full power of RUN Powered by ADP and the Clover small business management platform.
Technology
TaxPlanIQ Unveils Value-Based Pricing Tool For Accounting Firms
Firms can use the free tool to price advisory services like tax planning and CFO support based on measurable client outcomes.
Firm Management
How Accounting and Tax Firm Owners Can Prevent Burnout
Here’s how reducing burnout can lead to higher-value clients and, thus, help to scale your accounting and/or tax business.
Taxes
Japanese Restaurant Owner Avoids Raw Tax Deal
A taxpayer in a recent Tax Court case tried to use the “Cohen rule” from an age-old case to escape out of a tax jam.
Taxes
Intuit and H&R Block Stocks Fall on Report of ‘DOGE’ Interest in Tax App
The Washington Post reported that leaders of the new “Department of Government Efficiency” have discussed creating a tax filing app.
Deloitte Announces New Workiva ESG Accelerators to Help Streamline CSRD Compliance
The new Deloitte-built accelerators are offered along with Deloitte’s advisory services and are designed to help expand and enhance organizations’ sustainability-focused governance, risk and compliance (GRC) controls.