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.

accountant 59

accountant Account accounted 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.

147

147

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.

accountant 137

accountant Account accounted management accounting 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.

accountant 122

accountant Account accounted Legal 122

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.

Account

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.

Tax 133

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.

Tax 121

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.

quickbooks 115

quickbooks CPA cpa firm accountant 115

Accounting Today

MAY 29, 2024

PwC announced it has made a deal with OpenAI to become the first reseller for ChatGPT Enterprise.

131

131

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.

payroll 87

payroll 87

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.

accountant 98

accountant Account accounted 98

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.

Account

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

accounting software 82

accounting software accountant Account accounted 82

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.

accounting standards 78

accounting standards financial accounting accountant 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.

Gaming 76

Gaming accountant Account accounted 76

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.

auditor 75

auditor audit accountant accounted 75

Advertisement

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.

financial statements

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?).

Technology 65

Technology accounting and finance tax return Hospitality 65

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.

Tax 78

Tax 78

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.

Nevada 64

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.

accounting standards 75

accounting standards accounted Account accountant 75

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

Sales

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.

accounting and finance 64

accounting and finance accounting system accounting firms Sales 64

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.

New York 59

New York 59

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.

CPA 59

CPA cpas cpa firm tax return 59

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.

tax planning 59

tax planning Tax 59

Advertisement

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.

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.

accountant 52

accountant Account accounted 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.

Technology 52

Technology Tax audit Sales 52

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.

accountant 52

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?

cpas 52

cpas Government 52

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.

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.

Technology 52

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.

CPA 52

CPA Maine Legal accountant 52

Inform Accounting

MAY 29, 2024

In today's digital world, fraudulent schemes - particularly those involving HMRC scams - are on the rise. Many people have unfortunately experienced losing thousands to anonymous scammers.

Tax 52

Tax 52

Anders CPA

MAY 29, 2024

Clay Kniepmann , Forensic, Valuation and Litigation Principle at Anders CPAs + Advisors, joins Guillermo to discuss the surge in litigation, the importance of clear operating agreements and the challenges of valuation in the volatile cannabis market. They explore how to avoid cannabis business mistakes, the impact of state-level regulations, the implications of federal reclassification and the complexities of financial structures in cannabis businesses.

forensic accounting 52

forensic accounting cpas Gaming Legal 52

Advertisement

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.