Going Concern
AUGUST 7, 2024
Comment on “ How are layoffs decisions really made? ” via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked up by the generative AI models feasting off Reddit data and repeated as if it is fact like the 11-year-old comment by a user named fucksmith that said to put glue in pizza sauce to make the cheese stick. * Not actual advice.
CPA Practice
AUGUST 7, 2024
The Internal Revenue Service and the Security Summit partners are reminding tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement. All tax professionals are now required under the Federal Trade Commission’s safeguards rule to use multi-factor authentication, or MFA, to protect clients’ sensitive information.
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Going Concern
AUGUST 7, 2024
We’re a bit behind combing through the National Pipeline Advisory Group (NPAG) Accounting Talent Strategy Report released a couple days ago (it’s almost 100 pages, that’s a lot of reading for the burnouts on our staff) so while we continue to do that with the finest of fine-toothed combs, check out this chart from page 59: Immediately following this chart the report says: If 2022 starting salaries were the primary determinant for business students choosing a major, accounting w
CPA Practice
AUGUST 7, 2024
Deloitte’s newly released study, “ Leadership, governance and workforce decision-making about ethical AI ,” found C-level leaders are implementing strategic governance around AI to ensure the ethical use and development of this technology, and most (89%) believe these ethical governance structures will support their organization’s ability to innovate on technology.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Accounting Today
AUGUST 7, 2024
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
CPA Practice
AUGUST 7, 2024
A new report from Wipfli reveals how companies are leveraging outsourcing to access critical expertise, enhance efficiency, and focus on core business functions. The 2024 Outsourcing Report provides an in-depth analysis of outsourcing trends based on a comprehensive survey of 360 C-suite leaders. Key findings Increasing outsourcing adoption : Nearly three-quarters of surveyed leaders have outsourced business functions or executive roles, with 78% having done so in the last six months.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
AUGUST 7, 2024
Do your clients’ eyes glaze over when you start to explain accounting analysis or business strategy to them? Clients are often great at what they do in their business, but not too many clients are good at what we accountants do. Sometimes, we could use a little help to put things in our clients’ languages. This is where ChatGPT can really help. ChatGPT is great at analogies.
Insightful Accountant
AUGUST 7, 2024
Current IRS focus areas include renewable energy tax credits, corporate stock repurchase taxes, and cryptocurrency transactions. But, with the upcoming election, accountants and tax professionals are anticipating more widespread regulatory changes.
CPA Practice
AUGUST 7, 2024
Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in corn and soybean prices from mid-June to mid-July — Eastern Corn Belt cash prices fell 11% and 5%, respectively — farmer sentiment improved in July.
Accounting Today
AUGUST 7, 2024
Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
CPA Practice
AUGUST 7, 2024
Americans are planning to take longer stretches of time off this summer, according to Allianz Partners USA ‘s 16 th Annual Vacation Confidence Index. New research indicates that travel remains a strong priority based on an increase in both average trip length and average spend on room nights, with staggering splurge statistics reported for three-night getaways.
SkagitCountyTaxServices
AUGUST 7, 2024
One of the best things about this summer has been watching the Paris Olympics. When an American athlete pulls out a win, it feels like a win for all of us. Case in point: Noah Lyles taking the gold in the men’s 100m dash. That’s an event where Americans haven’t seen a gold medal in over 20 years. But, also, seeing St. Lucia and Dominica win their first ever medals elicits all the feels too.
Accounting Today
AUGUST 7, 2024
China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.
Xero
AUGUST 7, 2024
We’re officially on the countdown for Xerocon Nashville at Music City Center over August 14 and 15. And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. No matter what business needs or challenges you’re looking to solve, you’ll have over 50 exhibitors to meet and talk to, and many apps from the Xero App Store to try out for yourself.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Accounting Today
AUGUST 7, 2024
Through Tipalti's plaform, Top 100 Firm CohnReznick will helps its clients improve efficiency of global payables processes.
GrowthForceBlog
AUGUST 7, 2024
8 min read August 7th, 2024 When thinking about the back office and how it serves a business, most business owners think about compliance, audits, and taxes. Key Takeaways What Is Management Accounting: Management accounting processes collect your business's financial data (and other data) to generate management reports, track key metrics, inform decisions, and.
ThomsonReuters
AUGUST 7, 2024
Today’s tax and accounting firms stand on the brink of a transformative era, driven by the rapid integration of Artificial Intelligence (AI). The “ Future of Professionals Report 2024 ” by Thomson Reuters offers a comprehensive look into how firms within this sector perceive the future of their industry, particularly in relation to AI.
Canopy Accounting
AUGUST 7, 2024
Glenn Harper and Julie Smith share their journey in transforming a traditional CPA firm into a modern, advisory-focused business. They discuss the importance of process optimization, leveraging technology, and establishing clear client profiles. Glenn and Julie share their experiences and insights on improving operational efficiency and empowering other firms through their consulting venture, Empower CPA.
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
Accounting Today
AUGUST 7, 2024
Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.
Insightful Accountant
AUGUST 7, 2024
One of the mid-year enhancements to QB Enterprise is the Inventory Turnover Report, which we told you in our 2024 QuickBooks Summary, was planned for late release.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
CPA Practice
AUGUST 7, 2024
This webinar will be held on Tuesday, September 10, 2024 at 3:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now As online communication and storage become the new norm for the tax preparation industry, data thieves have taken advantage of more opportunities to steal sensitive taxpayer information. Tax preparers can take steps to protect themselves and their clients by understanding and establishing a clear, strategic data protection plan for their businesses.
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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.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
Insightful Accountant
AUGUST 7, 2024
With over 80 countries implementing e-invoicing mandates, Vertex, a provider of tax technology solutions, has announced the acquisition of ecosio, a B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
Ryan Lazanis
AUGUST 7, 2024
I’ve built remote teams for over a decade. If you want to hire offshore team members, make sure you avoid these 7 big misconceptions. The post 7 Big Misconceptions Firms Have About Overseas Offshoring appeared first on Future Firm.
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.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
CPA Practice
AUGUST 7, 2024
Vince Golle Bloomberg News (TNS) U.S. 30-year mortgage rates plunged last week by the most in two years, reaching their lowest level since May 2023 and sparking a surge in refinancing applications. The contract rate on a 30-year fixed mortgage declined 27 basis points to 6.55% in the week ended Aug. 2, according to Mortgage Bankers Association data released Wednesday.
Anders CPA
AUGUST 7, 2024
In this episode, Guillermo welcomes Phoebe Depree, Founder and CEO of Goddess Growers , who shares her journey into the cannabis industry and the creation of her brand. They discuss her business model, which involves licensing the brand to qualified manufacturers, and emphasizes the importance of retailer education. Phoebe highlights her unique product line of precisely dosed edibles designed for anxiety relief, incorporating THC, CBD, and a proprietary blend.
LSLCPAs
AUGUST 7, 2024
In an era where financial transparency in government entities is essential, the Governmental Accounting Standards Board (GASB) has introduced Statement No. 103 – a transformative directive poised to refine the financial reporting model. This pivotal statement is designed to enhance the model’s effectiveness, ensuring that it serves as a tool for decision-making and a benchmark.
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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.
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