Mon.Aug 26, 2024

article thumbnail

Art of Accounting: How to succeed with changes

Accounting Today

Innovation and changes are hot topics, but many who talk about it or wish for it never seem to move forward or make changes.

Account 78
article thumbnail

Tech Can Help Accountants Have Hobbies Again

CPA Practice

By Richard Corn. It can be difficult at times to achieve a proper work-life balance: we have to juggle our careers, families, friends, and other important responsibilities. When life gets busy, what often gets left behind are our hobbies. This can be frustrating, but even more so in the summer, when there are more family trips and activities we want to spend time on — and not spending time completing repetitive accounting tasks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BF Borgers prosecuted in Canada over audit work

Accounting Today

An Ontario court placed the firm and owner Ben Borgers on probation for two years for unlicensed, unregistered audit work, and ordered both to pay fines.

audit 113
article thumbnail

Why Sales Taxes Are Often Different for Takeout, Delivery and In-Restaurant Food

CPA Practice

It might be time for me to move to Ohio. The Buckeye State is conveniently located for folks, like me, with ties to both coasts. It’s home to world-class medical facilities and the Rock & Roll Hall of Fame. And I’d save money on takeout if I lived there: While Ohio sales tax generally applies to food sold for consumption in a restaurant, takeout food is sales tax exempt.

Ohio 110
article thumbnail

Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

article thumbnail

How many millionaires? Tax returns by income group for 2024

Accounting Today

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

article thumbnail

Forvis Mazars Launches Government Outsourced Accounting Services for Public Sector Clients

CPA Practice

Forvis Mazars, LLP, ranked among the largest public accounting and consulting firms in the United States, is expanding its Public Sector Advisory Services practice by launching a new line of Government Outsourced Accounting Services (GOAS) for clients. These services are designed to help state and local governments bridge the growing gap created by a shortage of public sector finance professionals across the country.

More Trending

article thumbnail

Introducing Xero Mentor Match, a mentoring program for accounting and bookkeeping partners

Xero

It’s no secret the accounting and bookkeeping industry has been battling a critical talent shortage for some time. In fact, we’ve conducted new research that reveals almost two-thirds of employing practices (65%) have experienced challenges with finding and keeping the right staff in recent years. Our report, Reshaping accounting and bookkeeping: Image, talent and the way forward , suggests this talent problem is, in part, due to an image problem, with most accountants and bookkeepers (81%) agre

article thumbnail

Moss Adams launches AI consulting service

Accounting Today

Moss Adams announced the launch of two new AI consulting teams, focused on machine learning and generative AI, who will work with clients on implementing AI solutions.

90
article thumbnail

Budget Versus Forecast: Key Differences – and Why Your Law Firm Needs to Know

Anders CPA

“We have a budget. Why do we need a forecast?” Budgets and forecasts are important pieces of a strong financial toolkit, but many people think if they have one, they don’t need the other. That couldn’t be further from the truth: You’ll get the most mileage out of a budget if you also have a forecast to guide you. Here’s a look at their key differences and how they can work together to strengthen your firm’s financial planning.

Sports 64
article thumbnail

3 types of trusts that could help wealthy clients' estate plans

Accounting Today

New rules for IRA beneficiaries, the expiration of the Tax Cuts and Jobs Act and guidelines for qualified stock make these strategies especially relevant.

Tax 90
article thumbnail

Travel and Expense Policy Success: Your Essential Checklist

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.

article thumbnail

Moss Adams Adds AI Consulting Services

CPA Practice

Top 15 accounting firm Moss Adams announced on Monday that it’s now providing artificial intelligence consulting services, with two new offerings for businesses looking to effectively utilize the technology. One service offering focuses on generative AI, while the other is centered around machine learning. Through the firm’s generative AI services, businesses can create a central knowledge center that empowers employees to search, access, and leverage organizational data quickly and safely.

article thumbnail

Doeren Mayhew receives PE investment

Accounting Today

The Top 100 firm announced it has partnered with Audax Private Equity, making it the latest in a string of large accounting firms to score PE money.

article thumbnail

CBIC Issued Guidelines for Recovery of Outstanding Dues where the First Appeal is Disposed of till the Appellate Tribunal Comes into Operation

VJM Global

CBIC has received a request from the GST authority to issue clarification in the following matters: Whether recovery proceedings should be initiated in the matter where the first appellate authority has confirmed the demand created by the adjudicating authority, whether fully or partially, and where an appeal against such order could not be filed due to non-constitution of Appellate Tribunal.

Tax 52
article thumbnail

A Tale of Two Niches - the 2025 ProAdvisor Awards Part 2

Insightful Accountant

Murph looks at a couple of the 'sub-categories' used by Insightful Accountant for both the 'Niche' and 'CAAS' Award categories. This week's Part 2 cover 'Tax' as a specialty or CAAS service.

Tax 52
article thumbnail

If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

article thumbnail

The Collaborative Accountant

CPA Practice

For too long, accountants and their clients have been operating out of alignment. Do you want more time for the deeper advisory work that matters to you and to your clients but aren’t sure how to get there? Collaborative Accounting is the path, and this eBook will start you on your journey. In it, you’ll learn: What it means to be a Collaborative Accountant How this new methodology can revolutionize your practice How to implement a collaborative workflow with clients Plus, actionable steps to ge

article thumbnail

Accountability Services: Modern Excellence in Accounting with Canopy

Canopy Accounting

Profile Accountability Services is a forward-thinking accounting firm located in Seattle, Washington and Boulder Valley, Colorado. The firm, co-owned by Lera Kooper, Dave Fischer and Ernie Villany, emphasizes a modern approach to accounting that prioritizes work-life balance, scalability, and a client-centric focus. The firm provides tax, accounting, and advisory services, primarily catering to business owners with an entrepreneurial mindset.

article thumbnail

QB Talks April | Modern Reports and Pivot Tables | Archives

Insightful Accountant

Get a jump on transitioning to the new 'Modern View' Reports that Intuit is starting to roll out into QuickBooks Online by attending Insightful Accountant's QB Talks on April 24, 2024 at 2:00 Eastern Daylight Saving Time.

article thumbnail

Navigating the World of Indirect Cost and Maximizing Grant Funding

Cherry Bekaert

We’ll cover the basics of indirect costs, including calculation, and process of negotiating with the federal cognizant agency. We’ll focus on the multiple ways that indirect costs can be leveraged to maximize grant funding. We will also delve into how to secure and preserve unobligated ARPA funding before claw backs occur after the 12/31/24 obligation deadline.

52
article thumbnail

Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

article thumbnail

QB Talks March | Revenue Recognition in QBO | Archives

Insightful Accountant

In QB Talks on March 20, 2024, Alicia Katz Pollock demonstrated QBO Advanced’s latest feature, Revenue Recognition. Accrual-based companies will love the ability to automatically schedule Deferred Revenue transactions.

52
article thumbnail

Managing Cybersecurity Risk in the Public Sector

Cherry Bekaert

In this session, we’ll discuss an integrated approach to the development of risk based cybersecurity programs. Specifically, we will discuss specific areas of cybersecurity risks that public sector organizations face, and the types of cybersecurity risk mitigation that may need to be improved. Furthermore, we shall discuss risk-based approaches for reducing the vulnerability to cybersecurity threats, which requires a multidisciplinary approach.

52
article thumbnail

CBIC Issued Guidelines for Recovery of Outstanding Dues where the First Appeal is Disposed of till the Appellate Tribunal Comes into Operation

VJM Global

CBIC has received a request from the GST authority to issue clarification in the following matters: Whether recovery proceedings should be initiated in the matter where the first appellate authority has confirmed the demand created by the adjudicating authority, whether fully or partially, and where an appeal against such order could not be filed due to non-constitution of Appellate Tribunal.

Tax 52
article thumbnail

How to Protect Your Law Firm’s Digital Transformation Initiatives

Cherry Bekaert

A Five-Part Series The global COVID-19 pandemic drove dramatic changes, placing a spotlight on key business outcomes and accelerating digital transformation efforts in law firms. Each of these outcomes, coupled with how people and processes can be empowered digitally through the application of technologies, will be explored in this five-part series for firms.

article thumbnail

4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

article thumbnail

Longtime Apple CFO to take on smaller role

Accounting Today

Kevan Parekh will take on the CFO role from Luca Maestri at the end of the year, as part of a planned succession.

article thumbnail

Are Your Non-Compete Agreements Null and Void?

Insightful Accountant

A federal judge in Dallas has blocked the U.S. Federal Trade Commission's (FTC) near-total ban on noncompete agreements, which was set to take effect next month.

52
article thumbnail

IRS adds payments, Spanish to Business Tax Account

Accounting Today

The Internal Revenue Service continues to expand the things business taxpayers can do with BTA.

article thumbnail

QB Talks May | QB Live: Assisted Bookkeeping | Archives

Insightful Accountant

Check out this special edition of QB Talks, where Alicia Katz Pollock and special guest Ted Callahan dive into the subject of assisted bookkeeping.

article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

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.

article thumbnail

Monday Morning Accounting News Brief: Outsourced Office Gets Karaoke, ‘Chillout Rooms’; 2.4 GPA Guy Couldn’t Hack It in Big 4

Going Concern

This has to be at least the third or fourth article I’ve seen about Grant Thornton UK being courted by multiple private equity suitors. Sounds to me like they’re having trouble getting one of them to commit, not that they’ve got their pick of dates. Several private equity firms are considering offers for a stake in Grant Thornton’s UK business, in a competitive bidding process aimed at securing a valuation of up to £1.5bn for the mid-tier accountant.

Account 101
article thumbnail

QB Talks August | Top ProAdvisor Roundtable | Archives

Insightful Accountant

Join Murph, Gary and others to learn what it takes to be an Insightful Accountant "Top ProAdvisor" in the August QB Talks session.

Account 52
article thumbnail

QB Talks | Converting from QBDT to QBO | Archives

Insightful Accountant

Check out this special edition of QB Talks, where Alicia Katz Pollock dives into converting from QuickBooks Desktop to QuickBooks Online.

article thumbnail

Essential HR Strategies for Small Businesses | Insights from Michelle LeBlanc & Gary DeHart

Insightful Accountant

Join Gary DeHart and HR expert Michelle LeBlanc as they dive into crucial HR strategies for small businesses!

52
article thumbnail

Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.