BurklandAssociates
NOVEMBER 12, 2024
From cash flow hacks to cost-saving insights, learn how Fractional CFOs keep startups resilient. The post Smart Strategies Fractional CFOs Use to Stretch a Startup’s Cash appeared first on Burkland.
TaxConnex
NOVEMBER 12, 2024
Fear frequently motivates all tax compliance. And with sales tax, as with most other kinds of tax, that fear is of an audit. This unwanted (and sometimes seemingly random) scrutiny from tax jurisdictions can terrify small companies. Fact is, reasons for an audit can vary from a jurisdiction’s unique methodology to audits of one’s customers or vendors to simple bad luck.
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TaxConnex
NOVEMBER 5, 2024
Whether you’re a consultant working with companies or you run your own company. whether you’re just looking to clean up your own operation or you’re doing homework for an M&A. sales tax risks and exposure should be an important topic. And getting to the bottom of that topic means knowing what questions to ask. Our recent webinar “What to Ask Your Clients to Identify & Manage Their Sales & Use Tax Risk” addressed many of these questions – along with what to do once you find out the an
Acterys
NOVEMBER 8, 2024
As xP&A and write-back solutions in Power BI gain traction, more vendors are entering the field, each claiming to offer “enterprise” solutions. Some even tout their products as the “Ferrari” of the industry, though the comparison often feels more like a toy car stacked up against the real thing. True enterprise-grade xP&A solutions require specific core functionalities to meet rigorous demands, especially when supporting over 100 concurrent users.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
CPA Practice
NOVEMBER 11, 2024
By Ross Levin Star Tribune (TNS) Famous economist John Kenneth Galbraith once opined: “The only function of economic forecasting is to make astrology look respectable.” This Taurus recently attended our local financial planning association’s conference and was very interested in what a panel of economists had to say. With all the hubbub about the election, David Kelly of J.P.
Going Concern
NOVEMBER 7, 2024
*Smaller shops, that is. We know Big 4 and mid-tiers have this pricing thing down. Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. Or at least half-in. 90% plan to increase fees for individual tax returns, 87% plan to increase fees for business tax returns, 85% plan to increase fees for bookkeeping and accounting, and 76% plan to increase fees for CFO and controller se
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Acterys
NOVEMBER 7, 2024
Excel is a powerful, flexible tool, but for growing companies, it’s no substitute for robust FFP&A software. The drawbacks of spreadsheets are numerous and can lead to tremendous financial losses for an organization. Take, for example, the Excel-related Value-at-Risk (VaR) model error that caused JP Morgan to lose $2 billion. The model couldn’t help the bank accurately predict potential losses, masking the true risk exposure of their synthetic credit portfolio.
Accounting Today
NOVEMBER 8, 2024
As the conversation around diversity, equity and inclusion evolves, firms find themselves in a complex dance where the music occasionally skips a beat.
CPA Practice
NOVEMBER 10, 2024
As healthcare enrollment and renewal season continues, the Internal Revenue Service is reminding taxpayers that if they use flexible spending accounts (FSAs), they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to participate in an FSA can contribute up to $3,300 through payroll deductions during the 2025 plan year.
Xero
NOVEMBER 10, 2024
Earlier this year we announced the farewell of our classic invoicing product to pave the way for something new, and to allow us to build more of the invoicing features you have been asking for, on a single platform going forward. We’re confident that this change is the right move longer term for you and your business to gain more invoicing features faster.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
Accounting Insight
NOVEMBER 6, 2024
Callum is an experienced marketing leader with 14 years of B2B marketing expertise. Having led multi-channel strategies at IRIS, he’s an expert in driving growth through demand generation and strategic, creative campaigns. Now at JE Consulting, Callum applies his deep knowledge of SaaS, fintech, and professional services to create impactful marketing strategies.
Accounting Today
NOVEMBER 5, 2024
Nearly three-quarters of U.S. masters of accounting programs reported application growth, according to a report by the Graduate Management Admission Council.
CPA Practice
NOVEMBER 6, 2024
Being a CPA today is nothing like it was even a decade ago. With artificial intelligence and automation reshaping our profession, it’s easy to feel like we’re caught in an influx of change. But this transformation isn’t just about technology. It’s an opportunity to redefine what success looks like for us professionally and personally. The Old Way Isn’t Cutting It Remember when success meant burning the midnight oil, sacrificing weekends, and being available 24/7?
Going Concern
NOVEMBER 8, 2024
This Journal of Accountancy article was mentioned in last Friday’s Footnotes (*ahem* Footnotes a wrap-up of the week’s accounting news from other sources without the sassy GC commentary and is published every Friday at 5 pm Eastern) but honestly it deserves its own article in case anyone missed it. In “Offshoring for CPA firms: The hows and whys,” JofA throws out some figures on outsourcing — both foreign and domestic — based on responses from its MAP survey a
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Randal DeHart
NOVEMBER 8, 2024
Delegation is a skill often discussed but rarely mastered, especially by small construction business owners wearing multiple hats. The balancing act of managing daily operations while pushing for growth can be overwhelming. Imagine if you could free up hours in your day to focus on strategic decisions rather than getting bogged down in every minute detail.
Withum
NOVEMBER 5, 2024
A recent alert from Maryland-based cybersecurity firm Huntress highlights a concerning vulnerability for construction companies using on-premise accounting and project management software with default login credentials. According to their report last month, a brute-force attack targeted users of a major construction accounting software vendor, exposing sensitive data due to default usernames and passwords being left unchanged.
Accounting Today
NOVEMBER 5, 2024
The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year as companies look to get outside approval from auditing firms on their environmental efforts.
CPA Practice
NOVEMBER 7, 2024
Being a CPA today is nothing like it was even a decade ago. With artificial intelligence and automation reshaping our profession, it’s easy to feel like we’re caught in an influx of change. But this transformation isn’t just about technology. It’s an opportunity to redefine what success looks like for us professionally and personally. The Old Way Isn’t Cutting It Remember when success meant burning the midnight oil, sacrificing weekends, and being available 24/7?
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
Going Concern
NOVEMBER 8, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Patriot Software
NOVEMBER 6, 2024
Chances are, you likely have applied for a credit card to help pay off personal expenses and build credit. But, have you gotten a business credit card yet? If not, it’s time to learn how to get a business credit card.
GrowthForceBlog
NOVEMBER 7, 2024
9 min read November 6th, 2024 Nonprofit organizations face many funding challenges. First and foremost, simply obtaining enough funding to operate and carry out programs is an enormous barrier. Key Takeaways Further Challenges With Unrestricted, Multi-Year Grants and Pledges: An organization operating with multi-year funds will show a major budget surplus in the fiscal year when the commitment is made, and then it will show budget deficits in the following fiscal periods.
Accounting Today
NOVEMBER 8, 2024
Plus, Thomson Reuters integrates AI CoCounsel with tax solutions; Sovos introduces 1099 Professional solution; and other accounting tech updates.
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
CPA Practice
NOVEMBER 11, 2024
By Sandi Leyva Client accounting services often exceed the boundaries of traditional accounting analysis. Many clients want more, such as a strategic planning analysis method such as SWOT, where an organization’s strengths, weaknesses, opportunities, and threats are outlined and discussed. Prompt: In my CPA firm, I have a client that owns an office building in Kansas City, KS with 50% occupancy.
Going Concern
NOVEMBER 6, 2024
Asks a user on r/CPA: “The United States can count millions [of] votes in one night but Nasba takes 3 months to grade my CPA exam that I took on a computer?” Obviously the answer is that they’re sadists and they enjoy f **g with people. For real though, people have been asking this since the CPA exam was computerized in 2004. The answer is not “because there’s a conspiracy to artificially inflate/deflate passing numbers to keep the credential prestigious” but
AccountingDepartment
NOVEMBER 7, 2024
Our final Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Fort Worth last week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to Texas and spend some time with all of the great event attendees.
Insightful Accountant
NOVEMBER 7, 2024
This week's Top ProAdvisor Profile focuses on Stephanie Elia of Elia Business Services of South Easton, Massachusetts.
Speaker: Michael Mansard and Katherine Shealy
Generative AI is no longer just an exciting technological advancement––it’s a seismic shift in the SaaS landscape. Companies today are grappling with how to not only integrate AI into their products but how to do so in a way that makes financial sense. With the cost of developing AI capabilities growing, finding a flexible monetization strategy has become mission critical.
Accounting Today
NOVEMBER 5, 2024
The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.
CPA Practice
NOVEMBER 8, 2024
The Information Technology Alliance (ITA), an independent membership association of leading mid-market technology professionals, consultants and product/service providers in North America, announced its new member firms during this week’s ITA Fall Collaborative in Indian Wells, including: Stellar One , providing a fast, reliable way to deploy and use an ERP system, featuring a unique subscription-based approach for cloud ERP software that puts businesses in control of costs and outcomes.
ThomsonReuters
NOVEMBER 8, 2024
Highlights: Growing importance and data demands of ESG : The increasing significance of ESG compliance is overwhelming teams with expanding data demands and regulatory scrutiny. GenAI’s role in ESG management : GenAI is revolutionizing ESG management by automating tasks, accelerating data collection, and providing advanced data analysis. Use cases and benefits of GenAI in ESG : Real-world examples show GenAI’s essential role in meeting ESG obligations, ensuring long-term resilience
Going Concern
NOVEMBER 7, 2024
Boston Business Journal wrote an article about Deloitte’s new office in Boston and for some reason they chose to lead with this: You won’t find trash cans at the desks in Deloitte’s new 138,000-square-foot office at Millennium Partners’ Winthrop Center tower in Boston’s Financial District. That’s because the professional services giant’s leaders want employees getting up and going to common receptacles for trash, recycling and composting, part of the sustainability push that led the firm t
Speaker: Chandra McCormack, CPA, MBA, NACD.DC
Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.
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