CPA Practice Advisor

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Top news this week #6: Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN-
12/28/2024

Top news this week #6: 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.

Top news this week #7: How Accounting and Tax Firm Owners Can Prevent Burnout-
12/28/2024

Top news this week #7: 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.

Top news this week #8: 2024 Ensuring Success Online CPE Conference Draws More Than 3,000 Attendees-
12/28/2024

Top news this week #8: 2024 Ensuring Success Online CPE Conference Draws More Than 3,000 Attendees-

The event is free for professionals, thanks to the sponsorship of several leading accounting and tax technology providers. All sessions are NASBA certified for CPE credit, and some sessions are IRS certified for CE credit.

Top news this week #9: Top 10 Technology Predictions for Accounting Firms in 2025-
12/28/2024

Top news this week #9: Top 10 Technology Predictions for Accounting Firms in 2025-

This year, I felt the above nine items were distinct enough in my mind, so for the 10th item, I asked Gen AI systems what “their” top ten technology predictions impacting accounting firms in 2025 would be.

Top news this week #10: Beyond AI Hype: Why Data is Your Next Smart Move-
12/28/2024

Top news this week #10: Beyond AI Hype: Why Data is Your Next Smart Move-

Accounting firms that will lead the future of audit are the ones ensuring they have the standardized, flowing data needed to power it.

7 Tips to Prepare for Next Year’s Taxes Now-
12/27/2024

7 Tips to Prepare for Next Year’s Taxes Now-

As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.

Top Year-End Tax Planning Strategies-
12/27/2024

Top Year-End Tax Planning Strategies-

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutions—setting the stage for your clients’ financial success in 2025 and beyond.

AIPCA to SEC: Reject the PCAOB’s Audit Firm Metrics Rules-
12/27/2024

AIPCA to SEC: Reject the PCAOB’s Audit Firm Metrics Rules-

In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.

6 in 10 U.S. Companies Plan to Add New Positions in the First Half of 2025-
12/27/2024

6 in 10 U.S. Companies Plan to Add New Positions in the First Half of 2025-

34% plan to staff vacated positions, while 63% will increase the number of contract professionals on their teams. Robert Half is a talent solutions and business consulting firm.

November Home Sales Rose 4.8% in Strongest Showing Since 2021-
12/27/2024

November Home Sales Rose 4.8% in Strongest Showing Since 2021-

Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.

Tech Predictions for 2025 – The Accounting Technology Lab Podcast – Dec. 2024-
12/27/2024

Tech Predictions for 2025 – The Accounting Technology Lab Podcast – Dec. 2024-

Brian Tankersley, CPA, and Randy Johnston discuss the technologies and processes they see having the greatest impact on the accounting profession in the coming year.

Millions to Get Bigger Social Security Checks After Bipartisan Bill Passes-
12/27/2024

Millions to Get Bigger Social Security Checks After Bipartisan Bill Passes-

If signed by the president before the new Congress convenes on Jan. 3, the law would boost Social Security payments to more than 2 million beneficiaries, according to the Congressional Research Service.

BOI Reporting Injunction Lifted; FinCEN Extends Deadline to Jan. 13-
12/27/2024

BOI Reporting Injunction Lifted; FinCEN Extends Deadline to Jan. 13-

FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.

IRS Raises Standard Mileage Rate to 70 Cents Per Mile in 2025-
12/27/2024

IRS Raises Standard Mileage Rate to 70 Cents Per Mile in 2025-

The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.

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Videos

Ensuring Success 2024
Ensuring Success 2024

Behind the scenes video at #decembercpe #EnsuringSuccess 2024. Session 1 on WhatsApp is firm Culture. Https://www.enuringsuccess.com

@CanopySuite CEO Davis Bell talks about the upcoming online CPE conference, Ensuring Success, Dec 18-19, where CPAs can earn up to 14 hours of CPE credit, at no cost. #decembercpe - https://ensuringsuccess.com/

@CanopySuite CEO Davis Bell talks about the upcoming online CPE conference, Ensuring Success, Dec 18-19, where CPAs can earn up to 14 hours of CPE credit, at no cost. #decembercpe - https://ensuringsuccess.com/

Intuit ConnectFest 2024
Intuit ConnectFest 2024

Attendees at #IntuitConnect also took time to network, relax and unwind. #ConnectFest @intuit #intuitvegas #quickbooks

Avalara
Avalara

Speaking with @avalara at #Xerocon2024 @xero

Joiin
Joiin

Speaking with @joiinreporting at #Xerocon @xero

Live From Xerocon2024.
Live From Xerocon2024.

Live from #xerocon2024 @xero.

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