Mark Lee

MAY 21, 2024

Imagine you’ve gone to buy a second hand car and, after checking it has all the features you want, you agree the price you’ll pay with the vendor. You are thrilled. They promise to give it a clean and bring it around to your house a couple of days later. That’s all part of the service and covered by the fee you’ve agreed to pay. When they bring the car round though, they tell you that earlier they had spotted something that might have been a problem, so they arranged for the car to have an indep

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accountant Account accounted Tax 52

BurklandAssociates

MAY 21, 2024

Effective team and culture-building are keys to thriving in this new era of remote and hybrid work. The post From Isolation to Integration: Strengthening Team Culture at Your Remote Startup appeared first on Burkland.

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Accounting Today

MAY 21, 2024

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.

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accountant Account accounting standards accounted 126

Withum

MAY 21, 2024

Withum is excited to share that Brian Bender , Partner and Team Leader of Withum’s Trade Associations and Membership Organizations Team, was named a 40 Under 40 Honoree by the Alexandria Chamber of Commerce. Brian has over 20 years of experience serving trade associations, membership organizations, social clubs, foundations, charities, and numerous other nonprofit entities that include complex consolidations with for-profit subsidiary companies and political action committees.

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Pennsylvania Washington Education audit 116

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

Going Concern

MAY 21, 2024

We knew this was coming. Two months after the news hit that Grant Thornton is selling a majority stake to private equity firm New Mountain Capital , GT is laying off about 350 people according to an article published by Wall Street Journal late yesterday. The Chicago-based firm is in the process of notifying the workers this week, people familiar with the matter said.

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Cherry Bekaert

MAY 21, 2024

On April 24, 2024, the Internal Revenue Services (IRS) issued Chief Counsel Advice 2417021 (CCA), which discusses the treatment of credit card reward liabilities under Internal Revenue Code (IRC) section 461. The CCA was issued in direct response to the following questions presented by the U.S. Department of the Treasury regarding rewards liability accounting: When do credit card reward liabilities become fixed and determinable under section 461?

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Tax accountant Account accounted 110

Cherry Bekaert

MAY 21, 2024

Private aircraft ownership can be a great asset for companies, providing convenience, flexibility and efficiency for business travel. However, ownership also comes with significant costs, including purchase, maintenance, fuel and insurance. In addition to these expenses, companies that own private aircraft must also comply with various tax regulations, including properly reporting any personal use of the aircraft by company owners and executives, as the Internal Revenue Service (IRS) has recentl

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Withum

MAY 21, 2024

Withum is excited to announce that Emily Egkan , Senior Manager, has been selected as a 2024 Women to Watch award winner in the Experienced Leader category at CalCPA’s Elevate: Women’s Leadership Forum. Emily has over 14 years of experience specializing in Tax for construction, manufacturing, food and beverage, healthcare and technology industries.

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accounting careers CPA Healthcare Construction 105

Going Concern

MAY 21, 2024

Armanino, the San Ramon, CA firm best known around these parts for its ‘Perfect Taco’ video and trying to recruit a newly licensed CPA working at the firm across the street with a clever sign in the window , has signed a deal to rent a little more than 45,000 square feet of office space across two buildings in Century City in Los Angeles and Irvine in nearby Orange County.

CPA 101

CPA accountant Account accounted 101

Patriot Software

MAY 21, 2024

Canton, Ohio Patriot Software, a leading accounting and payroll software provider for American businesses, proudly announces the launch of its newest feature for accounting customers: ACH payments on invoices for customers who integrate with Stripe. With Stripe, customers can access two-day timing for ACH settlement, compared to 4-5 business days for standard ACH settlement.

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Ohio accountant Account accounted 96

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.

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GrowthForceBlog

MAY 21, 2024

8 min read May 21st, 2024 Nonprofit leaders have an altruistic outlook, working toward the best outcomes and trying to see the best in everyone. Unfortunately, this optimistic perspective can leave nonprofit organizations vulnerable to fraud. A study from the Association of Certified Fraud Examiners (ACFE) that looked at more than 2,500 cases of fraud found: Nonprofit organizations accounted for 9% (191 cases) of all the fraud cases examined.

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accountant Account accounted 84

Patriot Software

MAY 21, 2024

You probably know your company’s liabilities, aka debts your business owes. But how often do you think about liabilities that you may or may not have, depending on the outcome of a future event? These potential financial obligations are known as contingent liabilities. Examples of contingent liabilities include lawsuits, product warranties, and pending audits.

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audit accounted Account accountant 94

AccountingDepartment

MAY 21, 2024

In a move that mirrors the broader trend towards cloud-based solutions, QuickBooks has announced it is sunsetting its Desktop version. If you're a QuickBooks user or a small business owner reliant on this software, this news may initially sound alarming. However, this transition opens up a new chapter of efficiency, accessibility, and integrated services through QuickBooks Online.

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Accounting Today

MAY 21, 2024

The Big Four firm will assist the Committee of Sponsoring Organizations and the National Association of Corporate Directors in developing a corporate governance framework.

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Government 80

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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.

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CPA Practice

MAY 21, 2024

As Grant Thornton moves closer to sealing a deal on a significant private equity investment from New York-based New Mountain Capital, the seventh-largest accounting firm in the U.S. is laying off 350 employees, equating to roughly 3.5% of its U.S. workforce, the Wall Street Journal reported on May 20. In addition, some incoming associates at the Chicago-based firm posted on Reddit yesterday that their October start dates have now been delayed until January 2025, most likely due to Grant Thornton

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Accounting Today

MAY 21, 2024

The IRS is postponing tax and filing deadlines for storm victims.

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Ohio Tax 121

CPA Practice

MAY 21, 2024

By Dr. Kristy Short. Firms that have embraced connected accounting technology, that are leveraging data to make informed decisions, and that are generally more technology-mature are outperforming their slower-to-adopt counterparts by up to 39% revenue per employee. This is a big deal that equates to big bucks over the long term. In the Rightworks 2024 Accounting Firm Technology Survey, nearly 500 accounting/tax/bookkeeping firm leaders and decision-makers provided insights and attitudes on the r

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Accounting Today

MAY 21, 2024

The Public Company Accounting Oversight Board has levied a $400,000 fine against MaloneBailey and sanctioned the auditingfirm for pervasive quality violations.

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accountant Account accounted audit 72

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

CPA Practice

MAY 21, 2024

Top 200 accounting firm MaloneBailey was fined $400,000 by the Public Company Accounting Oversight Board (PCAOB) on May 21 for what the audit regulator calls “pervasive quality control violations.” “Effective quality control systems are critical to high-quality audits, and the PCAOB will not tolerate failures to maintain those systems and properly protect investors,” PCAOB Chair Erica Williams said in a statement on Tuesday.

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audit accounting firms accountant Account 64

Accounting Today

MAY 21, 2024

Both Big Four firms announced significant upgrades to its AI capacities for audit and assurance work.

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auditor audit 98

CPA Practice

MAY 21, 2024

In an email on May 17, the IRS reminded tax practitioners to download and use the most current version of Form 656-B , Offer in Compromise Booklet , to avoid processing delays. The most recent version of the Offer in Compromise Booklet was released by the IRS in April. The booklet includes, among other things, the forms taxpayers must complete as part of the OIC process.

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Tax 64

Anders CPA

MAY 21, 2024

Qualifying as a real estate professional allows you access to a powerfully beneficial tax status but strict requirements around active and material participation determine who is eligible for the designation. To qualify, you must satisfy two requirements as dictated by the IRS: the 50% test and the 750-hour test. Not all real estate or rental property activities count toward the tests.

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Real Estate Non-Profits Tax accounting and finance 64

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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.

Accounting Insight

MAY 21, 2024

GAAPweb; one of the UK’s leading specialist site for Accountancy & Finance jobs , turned to you, our valued audience, to contribute to our 2024 Salary Survey. Following a year of uncertainty and continued resilience to innumerable economic challenges, GAAPweb strove to investigate and understand the 2024 financial employment market. GAAPweb asked for your confidential feedback from across the accountancy and finance profession including Accountants, Finance Managers, CFOs, and other finance

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accounting and finance Finance accountant Account 64

Withum

MAY 21, 2024

Tomorrow night my Auditing Concepts summer school course at Fairleigh Dickinson University starts. I always look forward to welcoming a new class of strangers who become quite familiar as the course proceeds. I try to make the learning experience as pleasurable as possible while transferring to them what they need to know and providing a process where they can fully understand it and see how it fits into the whole picture of providing value to clients and the overall functioning of commerce and

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CPA Practice

MAY 21, 2024

Following a recent capital funding round, listed Australian payments and lending business, QuickFee Limited (ASX: QFE) plans to quickly grow its footprint in the United States as professional services firms modernize their payment systems and move away from slow paper check processing. This growth is also being replicated in Australia, with QuickFee now servicing a quarter of the $400 million accounting and legal market – equivalent to approximately 40 per cent of the ‘fee funding’ market.

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Legal accounting and finance accounting firms Finance 59

Accounting Today

MAY 21, 2024

The Audit Reform Lab published a report analyzing Britain's audit industry after high-profile corporate collapses and criticism.

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audit 71

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.

CPA Practice

MAY 21, 2024

In a move aimed at strengthening its construction industry practice, top 10 accounting firm Forvis said on May 20 that it will be acquiring ConTech360, a provider of construction technology services based in Charlotte, NC. The deal is expected to close in the fall. ConTech360’s two managing partners, Jim Wagner and Steve Maddox, will join Forvis as managing directors.

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Construction accounting firms accountant Account 52

Ryan Lazanis

MAY 21, 2024

Find, identify, and land the very best accounting professionals with this list of the best 23 questions to ask in an accounting interview. The post The Top 23 Questions to Ask in an Accounting Interview appeared first on Future Firm.

accountant 52

accountant Account accounted 52

CPA Practice

MAY 21, 2024

Accounting and payroll software provider Patriot Software has launched its newest feature for accounting customers: ACH payments on invoices for customers who integrate with Stripe. With Stripe, customers can access two-day timing for ACH settlement, compared to 4-5 business days for standard ACH settlement.Stripe’s integration is free through Patriot and is available for both Accounting Premium and Accounting Basic subscribers.

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Accounting Today

MAY 21, 2024

While being a camp counselor is a rite of passage for many college students, it's not an obvious prerequisite for a career in audit. But it should be!

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