Ryan Lazanis

JANUARY 23, 2023

It’s my belief that hiring a virtual assistant for CPAs is one of the best choices you can make when scaling your firm. Table of Contents What is a Virtual Assistant for Certified Public Accountants? How to Find Virtual Assistants for Your Firm What is a Virtual Assistant for Certified Public Accountants?

cpas 97

cpas cpa firm bookkeeping CPA 97

CPA Practice

JULY 17, 2024

Between 1990 and 2021, the number of people sitting for the Certified Public Accountant exam plunged by almost 50 percent , according to the Association of International Certified Professional Accountants. It’s a tougher economy today,” says Ben Richmond, a certified public accountant who manages the U.S.

Account 124

Account accountant accounted Technology 124

Going Concern

MAY 20, 2022

For the generations that have provided free technical support to grandparents everywhere since the ’80s and ’90s, it can be difficult to admit that the rapid pace of technological innovation is intimidating at times. Enter the Pennsylvania Institute of Certified Public Accountants’ Annual Meeting coming up on June 1.

Pennsylvania 98

Pennsylvania Technology cpas CPA 98

Going Concern

MARCH 1, 2023

Now thanks to this Bloomberg Tax Opinion piece we find out that the problem is not low salaries nor poor work-life balance nor a distinctive lack of ping pong tables at public accounting firms across the United States. No, it’s that the tech aren’t cool enough. So why is our country facing a shortage of accountants?

Technology 103

Technology Account accountant accounted 103

CPA Practice

SEPTEMBER 23, 2024

The city is a hotbed of professional services, including lawyers, consultants and the now-endangered species of certified public accountants. CPAs are essential for financial reporting, advanced tax preparation and other dull-but-important tasks that keep the economy going.

cpas 59

cpas CPA auditor accounting principles 59

CPA Practice

APRIL 10, 2024

The accounting profession is struggling to deal with a talent shortage. Fewer students are selecting accounting as a major, and those who do often opt for careers outside of public accounting. India, in particular, has become a hub for highly qualified accountants, many of whom possess a deep understanding of U.S.

Technology 106

Technology accounting and finance cpas accounting standards 106

ThomsonReuters

JULY 11, 2023

They are also experiencing an internal struggle to cope with the decreasing talent pool and growing need to use technology to stay efficient. While the fundamentals of accounting remain the same, the processes and skill sets required to execute them are changing. Technology is stepping up to address several of the issues.

Technology 73

Technology Account accountant accounted 73

CPA Practice

AUGUST 21, 2023

In the fast-paced and complex world of accounting, unexpected disruptions can pose severe threats to the continuity of operations. As stewards of financial integrity, CPAs bear the responsibility of preparing businesses for unforeseen challenges. But how does one combat the unpredictable?

cpas 94

cpas Technology bookkeeping bookkeeping services 94

CPA Practice

SEPTEMBER 6, 2023

From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.

Technology 122

Technology accounting and finance Tax CPA 122

PYMNTS

SEPTEMBER 24, 2020

The platform provides new functions centered around CPAs to the automated PPP loan forgiveness technology at PPPForgivenessTool.com that the firms rolled out over the summer. In July, the AICPA and CPA launched the PPPForgivenessTool.com website.

cpas 49

cpas cpa firm public accounting accounting and finance 49

CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. Carter, Texas Tech University Angelica G. Jefferson, Virginia Commonwealth University DMyrian Frederick, Virginia Tech Isaac L. Castro Cardenas, University of Texas at El Paso Asabé A. That rate eclipses the 4.2%

Texas 114

Texas Georgia accounting and finance Virginia 114

Snyder

JULY 13, 2022

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide.

Account 105

Account accountant accounted Technology 105

Going Concern

JANUARY 12, 2024

” Two Tax Shelter Promoters Sentenced to 25 Years and 23 Years in Billion-Dollar Syndicated Conservation Easement Tax Scheme; Two More CPAs Plead Guilty [ Department of Justice ] Two men were sentenced Tuesday for crimes arising from their organization, promotion and sale of abusive syndicated conservation easement tax shelters.

audit 111

audit auditor Illinois CPA 111

CPA Practice

NOVEMBER 7, 2023

Black Ore offers an AI and automation platform that accelerates core workflows for financial services businesses and simplifies the experience for their clients. Black Ore aims to revolutionize the financial services industry with a platform of AI automation solutions.

Technology 59

Technology cpas tax preparation tax return 59

Cherry Bekaert

JUNE 28, 2024

Processes That Can Transform Your Back Office and Beyond In the modern business landscape, accounting and finance transformation has emerged as a pivotal strategy fueled by the emphasis on automation, standardization, scale, efficiency and cost reduction.

accounting and finance 52

accounting and finance Technology Finance Account 52

Going Concern

OCTOBER 24, 2022

Speaking of press releases, EY announced that it has expanded its technology ecosystem with the launch of business transformation platform, EY Nexus, which is optimized for financial services and designed for rapid deployment of new products and solutions. Q&A With Tetsuya Mogi , the new head of Japan Institute of CPAs.

cpas 59

cpas Account accountant accounted 59

KROST

JANUARY 9, 2024

The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. The post The Future of Accounting: How Artificial Intelligence is Redefining the Profession appeared first on KROST.

Account 83

Account accountant accounted cpas 83

Going Concern

MARCH 31, 2023

Big Four firms see spike in client requests for AI integration [ The Economic Times ] The Big Four firms, Deloitte, EY, KPMG and PwC, are receiving increasing client requests for AI integration in projects after the success of ChatGPT, while also actively exploring the use of AI technology within their own service offerings.

auditor 105

auditor audit Virginia Technology 105

Going Concern

SEPTEMBER 29, 2023

Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or But too often, young CPAs flee public accounting for what they believe are the greener pastures of industry and miss out on that learning and development.

accounting careers 128

accounting careers Account accountant accounted 128

CPA Practice

SEPTEMBER 1, 2023

Identified as one of the key industry trends of late, firms that offer specialized accounting services (SAS), combining analytics, business intelligence, and technology-based solutions, are primed for success. He’s responsible for the management and direction of the company’s accounting, financial, and risk management departments.

Account 111

Account accountant accounted Oklahoma 111

Going Concern

MAY 26, 2023

From Journal of Accountancy : The resolution acknowledges the challenges facing the talent pipeline and the need for a “thoughtful strategic process” in the search for solutions while reiterating the Council’s commitment to preserving the mobility of CPA licensees.

South Carolina 111

South Carolina Education CPA Account 111

ThomsonReuters

AUGUST 3, 2021

But why are APIs so important to CPAs and how does an accountant learn about APIs if they don’t have a technical background? . Ford developed Baco Tech which is a transaction-based workflow system using Excel and various other off the shelf utilities that make gathering and working with data more real-time.

CPA 59

CPA Technology cpas accounting software 59

ThomsonReuters

JUNE 28, 2023

This is where an investment in automation comes in. As accountants know, one of the benefits of a technology tool is that can enable automation and integration based on what each stakeholder group cares about and provides a way to quantify and measure data within a given footprint.

Tax 98

Tax auditor audit Technology 98

CPA Practice

DECEMBER 2, 2023

Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process. The new modules enhance this capability, offering: Real-time analytics and insights Automated trial balance classification and AI-assisted roll-forwards Seamless integration with existing accounting systems. “At

audit 69

audit Technology auditor cpas 69

Going Concern

JULY 26, 2024

She also founded Deloitte’s National Tax Accounting Group and helped create its Global Tax Accounting Group, which she is leading until her September retirement. Eddy Ditzler is retired from public accounting and lives in Edmond, Oklahoma, with his wife of 39 years, Deniece. But is the excitement warranted?

Oklahoma 105

Oklahoma audit South Dakota accounting firms 105

Going Concern

SEPTEMBER 15, 2023

At the meeting, the Board will consider issuing for public comment a proposal to amend PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations. A number of accounting firms,1 public companies, professional membership associations and other key stakeholders raised concerns. In addition to the $1.4

Colorado 111

Colorado audit CPA Texas 111

CPA Practice

MARCH 12, 2024

The American Institute of CPAs and CPA.com announced the participants of its 2024 Startup Accelerator program, which will kick-off this week at a meeting at their headquarters in New York. The Startup Accelerator supports the growth of early-stage technology companies benefiting the accounting and finance ecosystem.

Technology 52

Technology cpas accounting and finance audit 52

PYMNTS

DECEMBER 19, 2019

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. “Why? . “Why? ” The Real-Time Demand.

Finance 53

Finance Account accountant accounted 53

Accounting Insight

FEBRUARY 20, 2023

If you’ve followed financial news over the past several months, chances are you’ve seen at least one headline about the ongoing accountant shortage. Several factors contribute to the shortage, like mid-career CPAs changing professions, or early retirements spurred by the pandemic. Salaries matter.

cpa firm 52

cpa firm CPA accounting careers Technology 52

Going Concern

SEPTEMBER 8, 2023

In addition, it will play a part in building PwC’s global strategy, The New Equation, to deliver human-led and tech-powered solutions. Such uncertainty is concerning, given the potential and momentum of this emerging technology. LaPorte Acquires Houston Firm [ INSIDE Public Accounting ] Metairie, La.-based

Tax 119

Tax Kansas Arkansas Real Estate 119

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Both Mendlowitz and his father, also a CPA, attended the CUNY school.

audit 109

audit accounting and finance Virginia auditor 109

ThomsonReuters

JANUARY 18, 2024

Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guidance. In fact, more boards and audit committees are, or will be, looking for accountants who understand AI ’ s potential and limitations.

Account 59

Account accountant accounted tax preparation 59

Going Concern

JULY 10, 2023

What to expect: The keynote, “State of the CPA Profession: Embracing the Possibilities,” presented by ICPAS President and CEO Geoffrey Brown, CAE, and ICPAS Board of Directors Chairperson and KPMG Partner Jonathan Hauser, CPA, will highlight the trends and challenges impacting certified public accountants (CPAs) and discuss navigating the profession’s (..)

Account 97

Account accountant accounted CPA 97

Snyder

MARCH 6, 2023

So, let’s look at the accountant roles of today and the current trends that influence what the roles of an accountant of tomorrow will entail. Hop on reading to learn more about the role of an accountant: 1. Accountants: a quick job description 2. What influences the change in accountants’ role and functions?

forensic accounting 52

forensic accounting Account accountant accounted 52

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

Government 97

Government Gambling audit CPA 97

CPA Practice

MAY 23, 2024

Choosing the Right Technology: Discover the essential tech tools for modern accounting practices, from accounting software to client communication platforms, that will ensure your operations are efficient and professional. Gail is a member of the AICPA’s PFS Credential Committee.

bookkeeping 59

bookkeeping accounting firms Account accountant 59

Ryan Lazanis

AUGUST 2, 2023

Here are some examples: Smith Bookkeeping Solutions Brown Financial Consulting Jordan and Johnson Accounting & Tax Services Patel & Associates Certified Public Accountants Etc. Using your own name for the business can be seen as somewhat outdated in today’s market.

accounting firms 52

accounting firms Account accountant accounted 52