CPA Practice

MAY 29, 2024

By David Osborne, Chief Executive Officer, Caseware International. In today’s accounting landscape, accounting firms face myriad challenges. The regulatory environment is constantly evolving, the hybrid workplace model is becoming the norm and talent shortages remain. Additionally, time constraints and data security concerns add to the complexity of accounting processes, creating additional hurdles for firms to navigate.

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Account accounted accountant Technology 59

BurklandAssociates

MAY 29, 2024

While the challenges are significant, there are opportunities for startups with strong financial discipline and sufficient capital reserves. The post Scaling in a High-Interest Rate Economy: Challenges and Opportunities appeared first on Burkland.

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Accounting Today

MAY 29, 2024

Firms are using different recruiting practices to attract younger talent, thinking outside the standard talent pool and prioritizing company culture and personal growth opportunities.

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Account accounted accountant management accounts 137

CPA Practice

MAY 29, 2024

By Fady Hawatmeh. The prospect of AI replacing accountants has stirred up some anxiety within the industry. However, it’s important to think of AI as a helpful tool designed to enhance, not replace, the capabilities of humans. Rather than seeing AI as a threat to their careers, accountants should view it as a catalyst that can help them work faster, smarter, and with greater impact.

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Account accounted accountant Legal 122

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Accounting Today

MAY 29, 2024

There's a new method of counting defined contribution retirement plan participants that can make a big difference for clients.

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Tax 133

CPA Practice

MAY 29, 2024

Proposed guidance issued Wednesday by the Treasury Department and the IRS explains how eligible facilities can qualify for “technology-neutral” clean electricity tax credits under the Inflation Reduction Act. The 2022 tax-and-climate law sunsets the existing Production Tax Credit (Section 45 of the tax code) and Investment Tax Credit (Section 48) by limiting their availability to projects beginning construction before 2025.

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Tax Technology Construction Gaming 121

CPA Practice

MAY 29, 2024

By Dr. Sangeeta Chhabra Cloud adoption has become the new norm in the modern corporate world. A majority of organizations are looking to migrate to the cloud for obvious perks like scalability, adaptability, data security, and low capital costs. However, challenges arise when an organization just jumps on the bandwagon without a proper strategy. Moving to the cloud shouldn’t be a hasty decision.

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quickbooks CPA cpa firm accounted 115

Canopy Accounting

MAY 29, 2024

As the dust settles on the most intense period of the year for financial professionals, we're taking a moment to celebrate the incredible achievements of our backend systems and the team behind them during the most recent tax season. The last 30 days of the tax season have seen our operations pushed to their limits, but Canopy has not just survived; it has thrived, showcasing the robustness and efficiency of our platform.

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Tax 105

Accounting Today

MAY 29, 2024

Gen Z accounting interns believe the biggest misconception about their generation is that they don't want to work hard, according to a new KPMG survey.

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accounted Account accountant 98

Patriot Software

MAY 29, 2024

Do you need an extra set of hands for a few weeks or months? You may opt for a temporary employee. Temporary employees can cover for employees on leave, help during your busy season, or fill in gaps in the workplace. Hiring temporary employees can help you avoid overhiring.

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payroll 85

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Technology

GrowthForceBlog

MAY 29, 2024

8 min read May 29th, 2024 Accounting software is integral to every business's operations, management, and financial health. Business owners must select the right accounting software to support their operating strategy, facilitate performance evaluation, and provide invaluable insights that can be used to maximize efficiency and profits. Key Takeaways Cost and Pricing Structure: Desktop accounting software is generally purchased with the initial cost of the software license (in addition to the co

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accounting software Account accounted accountant 81

Accounting Today

MAY 29, 2024

The Financial Accounting Foundation commemorated the 40th anniversary of the creation of the Governmental Accounting Standards Board in its annual report and also referenced the 50th anniversary last year of the Financial Accounting Standards Board.

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accounting standards financial accounting accounted Account 78

IgniteSpot

MAY 29, 2024

Can you believe how much the world of accounting has changed? It's like we blinked, and suddenly, everything's gone digital. But you know what? It's a game-changer, and it's upping our financial game. At least, that's what we've experienced at Ignite Spot. Let me take you on a little journey through the virtual landscape and show you why it's the best thing that's happened to our business – and could be for yours, too.

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Gaming Account accountant accounted 71

Accounting Today

MAY 29, 2024

The proposed rules on the Clean Electricity Production Credit and the Clean Electricity Investment Credit aim to spur renewable energy development.

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Tax 78

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

CPA Practice

MAY 29, 2024

By Richard N. Velotta, Las Vegas Review-Journal (TNS) Color me skeptical, but I’ll believe the recent news about the IRS and U.S. Treasury acting to increase the threshold on reportable slot machine jackpots when I see it. Last week, there was a report that the Internal Revenue Service Advisory Council recommended to IRS Commissioner Danny Werfel that the current amount required to trigger preparation of a W2G form of winnings above $1,200 would be changed to $5,800.

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Nevada Gambling Gaming Transportation 64

Accounting Today

MAY 29, 2024

The International Sustainability Standards Board and the IFRS Foundation published an inaugural guide to using their standards in different countries.

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accounting standards accountant accounted Account 75

Going Concern

MAY 29, 2024

If any article needs the PwC Chad image, it’s this one As Big 4 firms scramble to be the fastest, trustiest, and billing-est firm in the race to monetize generative AI, PwC announced today it is not only ChatGPT’s biggest enterprise customer, it will be shilling the service to clients. It’s giving Hair Club For Men (I’m really dating myself with that reference aren’t I?).

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Technology accounting and finance tax return Hospitality 64

Accounting Today

MAY 29, 2024

China Taiping Insurance Holdings, China Merchants Bank, China Railway Group, China Electronics Huada Technology and People's Insurance Company (Group) of China are among those that changed auditors.

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auditor audit accountant accounted 75

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Accounting Insight

MAY 29, 2024

Roveel , the reporting software company based in Norwich (UK), has launched its global integration for Xero, unleashing the power of data held by small and medium businesses (SMEs). Now available for SMEs and accountancy firms via the Xero App Store, the reporting tool builds on the significant amount of data stored in a company’s accounting system and allows in-depth drill-down analysis to allow for smarter decision making.

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accounting and finance accounting system accounting firms Sales 64

Accounting Today

MAY 29, 2024

There are advantages to an extended (but carefully scheduled) tax season.

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Tax 61

Withum

MAY 29, 2024

My Memoirs of a CPA book has been published and is available in Kindle and print editions at amazon.com. The book was written so students and those contemplating public accounting as a career or already working in a CPA firm would have an inside look at what CPAs do. However, this book is also valuable for anyone who uses the services of a CPA either for a complicated tax return or for their business, and here is why.

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CPA cpas cpa firm tax return 59

Going Concern

MAY 29, 2024

Last week, Bloomberg reported that Citigroup, HSBC, and Barclays were forcing more of their people to return to the office five days a week “as regulatory changes make it trickier for Wall Street to allow working from home.” Said Bloomberg in their story : Citigroup is requiring about 600 US employees previously eligible to work remotely to commute to company offices full-time, the New York-based firm said in a statement Thursday.

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New York 59

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Insightful Accountant

MAY 29, 2024

HSAs offer triple tax benefits: pretax contributions, untaxed earnings, and penalty-free withdrawals for medical expenses. Tax pros should be cautious of pitfalls in client tax planning with HSAs.

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tax planning Tax 59

Ryan Lazanis

MAY 29, 2024

Discover the future of accounting this 2023 and learn specific tips and strategies on how you can best prepare for it. The post Future of Accounting: The 2024 Annual Guide appeared first on Future Firm.

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Account accounted accountant 52

CPA Practice

MAY 29, 2024

Zuper, a technology provider for service businesses with field operations, has partnered with Avalara, Inc., a provider of cloud-based tax compliance automation. Avalara offers a comprehensive suite of tax compliance services allowing businesses to easily determine tax obligations, calculate sales tax and assess use tax, manage exempt sales, file and remit returns, and more.

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Technology Tax audit Sales 52

Insightful Accountant

MAY 29, 2024

QuickBooks Time users can now access more 'time' features within QuickBooks without having to switch to QuickBooks Time.

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quickbooks 52

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

Ryan Lazanis

MAY 29, 2024

Discover the drawbacks of pricing high. Learn to balance profitability with manageable work hours and scale your services effectively. The post Pricing High Can Make You Busier appeared first on Future Firm.

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accountant accounted Account 52

LSLCPAs

MAY 29, 2024

Does your agency have an internal service fund (ISF)? If you have centralized management of services like fleet or information technology, you may have one or multiple! But do you know if your ISF is really operating like an ISF? Are you fully recovering the costs of your internal services and using this as a. The post Is your internal service fund (ISF) really operating like one?

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cpas Government 52

Cherry Bekaert

MAY 29, 2024

Section 174 mandates the capitalization of specified research or experimental expenditures (SRE), which includes a broad range of costs related to development. Listen as Tax Credits & Incentives Advisory Leader Martin Karamon , Director Vivian Kohrs and Senior Manager Bryan Weems discuss why it’s vital to evaluate intercompany intellectual property (IP) agreements and contracts for research and development (R&D) performed on behalf of others overseas.

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Technology tax planning Tax 52

Shay CPA

MAY 29, 2024

If you’re planning to explore venture capital (VC) funding, it’s helpful to understand how VC firms make their money. A lot of founders operate under the assumption that every project a venture capital group funds needs to turn a profit. Actually, though, most firms can function successfully even if only 10–15% of their portfolio thrives. Ultimately, each company a VC fund backs is just one spoke in a large wheel.

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CPA Maine Legal Account 52

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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.