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.
Accounting Today
AUGUST 7, 2024
It's critical that business owners comply with their state's rules, or they could face fines and other penalties.
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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.
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.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
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.
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
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
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.
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
Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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.
Accounting Today
AUGUST 7, 2024
Through Tipalti's plaform, Top 100 Firm CohnReznick will helps its clients improve efficiency of global payables processes.
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.
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.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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.
Accounting Today
AUGUST 7, 2024
While large companies can afford not to currently expense research and development costs, but many small companies can't, say experts.
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.
Accounting Today
AUGUST 7, 2024
AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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
Accounting Today
AUGUST 7, 2024
IRIS and AccountsIQ announced a new partnership to provide an integrated suite of cloud-based payroll and HR solutions.
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
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.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
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
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
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.
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: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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