MyIRSRelief
SEPTEMBER 6, 2024
Navigating the complex world of taxes can be a daunting task for small business owners and self-employed individuals. The intricacies of tax laws, the constant updates, and the myriad of forms and deadlines can make tax season a stressful time. However, with the right guidance and support, managing your taxes can become a streamlined and efficient process.
BurklandAssociates
SEPTEMBER 3, 2024
By prioritizing backups, startups can protect their data, ensure compliance, maintain business continuity, and build trust with stakeholders. The post Data Backup Essentials: Safeguarding Your Startup’s Success appeared first on Burkland.
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CPA Practice
SEPTEMBER 6, 2024
Small and midsize U.S. retailers face significant challenges when navigating sales tax holidays, according to a new report from Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes. While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit.
Accounting Today
SEPTEMBER 5, 2024
Only about a quarter of CPA business executives expressed optimism about the prospects for the U.S. economy over the next 12 months, down from more than a third last quarter, according to a new survey.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Going Concern
SEPTEMBER 5, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22410136 Certifications: CPA Education: BS Accounting, MBA Experience (years): 15+ y
Anders CPA
SEPTEMBER 5, 2024
Anders has once again been recognized as a Best of the Best firm by INSIDE Public Accounting (IPA) for the fourth consecutive year after moving up to #73 on IPA’s Top 100 Firms List. This distinction places Anders among an elite group of 75 top-performing CPA firms across the U.S. and Canada, selected from over 600 firms that participated in the IPA Practice Management Survey.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 5, 2024
By Muri Assunção New York Daily News (TNS) Hunter Biden intends to change his plea in his federal tax case, his lawyer told a federal judge in Los Angeles on Thursday just moments before jury selection was set to begin. The second son of President Joe Biden has been accused of nine misdemeanor and felony offenses. Prosecutors say the 54-year-old failed to pay $1.4 million in federal taxes and used the money to fund a lavish lifestyle.
Accounting Today
SEPTEMBER 6, 2024
The Bonadio Group, a Top 50 Firm based in Pitsford, New York, has executed 22 successful mergers over the last 27 years, many of which have been overseen by CEO and managing partner Bruce Zicari.
Going Concern
SEPTEMBER 4, 2024
CBIZ has filed a data breach notification with the attorney general of Maine and you know what that means. Wait, maybe you don’t know what that means. Maine has a law that requires “information brokers” — such as an accounting firm that would be in possession of personal identifying information (PII) gathered from clients to perform services for them — to inform residents of Maine when they discover a data breach that has or is reasonably believed to have been acqui
AccountingDepartment
SEPTEMBER 5, 2024
Financial Planning & Analysis (FP&A) is crucial for any business aiming to scale successfully. It involves detailed financial forecasting, budgeting, and analytical processes that drive strategic decision-making.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Randal DeHart
SEPTEMBER 6, 2024
If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand. Consider this scenario: A couple wanting to sell their house expresses interest in your remodeling service, presenting an exciting opportunity that could significantly elevate your construction business.
CPA Practice
SEPTEMBER 6, 2024
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to National Retail Federation chief economist Jack Kleinhenz. “The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of 2024,” Kleinhenz said.
Accounting Today
SEPTEMBER 4, 2024
Big Four firm PwC announced that its international tax platform Beacon, which has been used internally, is now available for non-audit clients for Pillar Two and US international tax calculations.
Going Concern
SEPTEMBER 5, 2024
…as expected, some people are b g about it. Rumors have been swirling for weeks like so many unflushable logs that KPMG was about to announce unlimited PTO, something their competitors at EY did four years ago. As seen on r/KPMG: You all were right. They just announced unlimited PTO by u/Active_Ease_2367 in KPMG EY’s switch to unlimited PTO was immediately shat upon, and rightfully so, after a leaked senior management email made the rounds.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
GrowthForceBlog
SEPTEMBER 6, 2024
8 min read September 6th, 2024 Experts from ITR Economics predict the U.S. will enter another Great Depression in the upcoming decade. Currently, 50% percent of U.S. CEOs reported experiencing a slow economy or expecting the economy to slow soon, and 46% believe that we are or will soon be entering an economic recession, according to the Vistage CEO Confidence Index.
AccountingDepartment
SEPTEMBER 3, 2024
It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.
CPA Practice
SEPTEMBER 6, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, review Thomson Reuters Checkpoint Edge with CoCounsel. Designed for tax professionals and firms, Checkpoint Edge with CoCounsel is a research platform that includes new AI-assisted research capabilities to help tax professionals get trusted answers to complex tax research questions by using everyday language.
Accounting Today
SEPTEMBER 4, 2024
The Massachusetts Society of CPAs teamed up with the Indiana Society of CPAs, the Tennessee Society of CPAs and CPA Crossings to highlight the competencies deemed essential for aspiring CFOs.
Speaker: Duke Heninger
With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.
Xero
SEPTEMBER 2, 2024
As National Payroll Week kicks off today, the team at Xero wants to extend a special thank you to our incredible community of small businesses and accountants across the UK who manage payroll. This week is dedicated to shining a spotlight on the importance of payroll and recognising the invaluable work done by those who ensure employees are paid accurately and on time.
Cherry Bekaert
SEPTEMBER 6, 2024
The Federal Financial Institutions Examination Council (FFIEC) announced on August 29, 2024, that it will sunset the Cybersecurity Assessment Tool (CAT) on August 25, 2025, at which point it will be removed from the FFIEC website. This decision reflects the availability of new government resources and models for identifying and managing cybersecurity risk, including the National Institute of Standards and Technology (NIST) Cybersecurity Framework 2.0 and the Cybersecurity and Infrastructure Secu
ThomsonReuters
SEPTEMBER 3, 2024
The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. This study captures the complex spectrum of emotions surrounding GenAI, from hope and excitement to hesitancy and concern.
CPA Practice
SEPTEMBER 5, 2024
More than two-thirds (76%) of financial services operations leaders in the U.S. believe that using AI would enable them to make faster, more effective decisions, but 62% lack the data management capabilities and data environment to capitalize on the technology’s potential. That is according to a new international study commissioned by ActiveOps , a leading provider of AI-powered decision intelligence for service operations.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Accounting Today
SEPTEMBER 6, 2024
The accounting profession's labor shortage means relationships between firms and colleges have never been more crucial in recruiting new talent.
Going Concern
SEPTEMBER 5, 2024
Staff and partners at PwC UK were informed today that they are expected to work in the office or at a client site a minimum of three days a week, reports Bloomberg. Former senior partner Kevin Ellis, who retired in June after 40 years at the firm, tried the RTO carrot many times over the past several years, suggesting that if people want to get ahead they’ll want to show their faces at the office lest they be replaced by AI.
SkagitCountyTaxServices
SEPTEMBER 5, 2024
We’re all waiting and watching (and hoping) to see if federal interest rates will be dropping soon. But the outcome of the August jobs report could also have a big impact on stock market prices. What does this mean for you as a small business owner? Well, a weak jobs report means consumers are more cautious about spending in your Skagit County business, and you might have a reduced ability to hire the right kind of people (something important when you’re considering starting your own business).
Withum
SEPTEMBER 5, 2024
Being able to get an overview of a financial statement quickly is important to determine if additional time should be allocated to a thorough review. This is one of the skills my students will learn this semester in my Baruch College Introduction to Managerial Accounting course. The course aims to teach students how to determine what data is needed, how to use and apply the data, understand its reliability and how timely the data should be.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
CPA Practice
SEPTEMBER 5, 2024
Top 20 accounting firm EisnerAmper is expanding its presence in the Chicago area by merging in Elgin, IL-based CPA firm Tighe, Kress & Orr. Financial terms of the deal, which is expected to become final in October, weren’t disclosed. Jay Weinstein “TKO really gets it. They listen to clients, work with them on tailored solutions, and strive for ongoing client growth,” Jay Weinstein, Eisner Advisory Group vice chair of industries and markets, said in a statement.
Accounting Today
SEPTEMBER 4, 2024
Investments in solar installations made are expected to fund the generation of close to 2 billion kilowatt hours of clean electricity each year in underserved places.
Going Concern
SEPTEMBER 5, 2024
Browsing the internet last night long after I should have been asleep (as one does), I was served an article that Google thought would be of interest to me: “Government Test Finds That AI Wildly Underperforms Compared to Human Employees” [ The Byte ]. This article was based on another article that appeared on the hilariously-named Australian outlet Crikey : “ AI worse than humans in every way at summarising information, government trial finds.” Do we even need to dive any
Accounting Insight
SEPTEMBER 5, 2024
Penfold, the modern digital pension provider, is thrilled to announce its new pull integration with Xero – automating pension contribution processing entirely. It eliminates the need for manual uploads or button presses, enabling employers and accountants to set and forget their pension processing. Penfold’s the first pension scheme to offer this kind of powerful integration to a mainstream payroll software.
Advertiser: Paycor
Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!
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