GrowthForceBlog

JULY 30, 2024

8 min read July 30th, 2024 For a business to be competitive and financially successful, leadership must scrutinize every expense on the budget, and these expenses should justify themselves either by necessity or by generating a return on investment (ROI). Key Takeaways Challenges of Calculating the ROI of Outsourcing: Measuring the ROI on outsourced accounting services is, unfortunately, a fairly complicated matter because an outsourced back office has the potential to impact a business in a var

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Accounting Today

JULY 30, 2024

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

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tax preparation Tax 134

TaxConnex

JULY 30, 2024

Sales tax isn’t simple. Here’s a step-by-step overview of various complications of sales tax compliance – and how to handle them. Nexus Historically this connection between a company and a tax jurisdiction has been primarily physical , meaning that a company had an office, employees, trade show exhibits, inventory, contractors and so on in a state. Then came 2018’s South Dakota vs.

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BurklandAssociates

JULY 30, 2024

You can expect to receive your first communications from benefits providers before the start of fall, and will most likely see a price increase for 2025, so it’s time to start preparing now. The post Healthcare Open Enrollment Support for Startups appeared first on Burkland.

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Healthcare 173

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

JULY 30, 2024

Tax pros share their thoughts on what's driving the pipeline problem, and some short-term fixes.

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Tax tax preparation 131

Acterys

JULY 30, 2024

Acterys 24.1 Offers Planning and Solution Deployment at Unprecedented Speeds (Chicago, Illinois., July 31, 2024) — Acterys, a leading provider of AI-driven business planning and intelligence solutions, has released Acterys 24.1, which combines the power of AI with the robust functionality of Power BI and Excel to set new standards in speed, efficiency, and security.

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CPA Practice

JULY 30, 2024

The watchdog agency that oversees the Internal Revenue Service has issued a report that examined compliance by employees and contractors for the agency. While the Treasury Inspector General for Tax Administration (TIGTA) report noted that more than 95 percent of the IRS’ workers were in full compliance with their personal taxes, 1,068 were disciplined for their noncompliance issues.

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income tax Tax tax return 116

Accounting Today

JULY 30, 2024

Who wins the White House and Congress will have major repercussions on the agency's budget.

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Tax 122

CPA Practice

JULY 30, 2024

By Steve Saah. You never want to turn down good work, or the opportunity to grow your client base and your business. But a recent industry survey found that 42% of accounting firms are doing exactly that. The reason? They can’t put anything more on their plate due to staffing shortages. Separate research from Robert Half for the 2024 Demand for Skilled Talent report confirms that most hiring managers for accounting and finance organizations (87%) are facing challenges recruiting talent right now

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cpa firm CPA accounting and finance Technology 113

Accounting Today

JULY 30, 2024

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

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Technology

CPA Practice

JULY 30, 2024

By Joe DiMaggio, Jr. Is your organizationstruggling not only to attract and retain talent but also to keep existing employees engaged and satisfied? If so, you’re not alone. Many professional services firms are currently facing similar issues. In fact, the accounting industry is currently in a time of crisis when it comes to its labor shortage. There are 340,000 fewer accountants than five years ago, according to an analysis of data from the Bureau of Labor Statistics.

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cpas Pennsylvania Tax accounted 111

Accounting Today

JULY 30, 2024

The Keystone State will become the 15th to join the IRS's free tax program next filing season.

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Pennsylvania Tax 120

CPA Practice

JULY 30, 2024

While some CEOs are struggling to hire talent in certain areas like mid-level and IT positions, other CEOs are thriving by employing successful strategies to attract new talent, according to a new survey from top 15 accounting firm Marcum and Hofstra University’s Frank G. Zarb School of Business. The Marcum-Hofstra CEO Survey is a periodic gauge of mid-market CEOs’ outlook and priorities for the next 12 months.

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Healthcare Construction Manufacturing accounting firms 111

Withum

JULY 30, 2024

Withum is proud to share that Fatema Raza , Partner, was recognized for her outstanding career path, professional success and dedication to her community. Fatema is a Partner with more than 14 years of public accounting experience, providing assurance services to various clients in the public and private sectors. She advises clients on audit processes, internal control assessments and implementation and maintenance of accounting procedures.

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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

JULY 30, 2024

Tipalti , the leading global finance automation company, has released new research revealing the priorities of CFOs in 2024 as they navigate the challenges of business growth. The report, titled Seizing the AI & Automation Opportunity: Where CFOs Stand , examines CFOs’ AI readiness, digital technology adoption, and business performance expectations for the coming year.

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Finance Technology accounting and finance accountant 110

ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. However, with the rise of AI-powered tax technology and increasing client expectations , forward-looking accounting firms are evolving beyond tax compliance to offer year-round, value-added services that capitalize on their unique expertise and address their clients’ overall financial well-being.

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accounting firms Account accounted accountant 105

CPA Practice

JULY 30, 2024

The IRS on July 26 updated frequently asked questions (FAQs) on the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits, including guidance related to eligibility rules, income limitations, transfer rules, and dealer registration. The FAQs in Fact Sheet 2024-26 supersede earlier FAQs that were posted in Fact Sheet 2024-14 by the IRS on April 16, 2024.

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Tax 109

Insightful Accountant

JULY 30, 2024

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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quickbooks 105

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

Going Concern

JULY 30, 2024

Yesterday, KPMG announced it is integrating generative AI into its in-house audit system called Clara. This, says KPMG US Vice Chair of Audit Scott Flynn, will empower the firm’s 9,000 auditors to deliver quality audits. Finally. “KPMG Clara with AI will not only free up resources to spend more time on the areas of highest risk, but will directly help our teams exercise professional skepticism to protect the capital markets,” he said.” “These artificial intelligence capabilitie

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audit auditor Technology financial statements 105

Ryan Lazanis

JULY 30, 2024

Looking for the best accounting podcasts on the market? Good news for you, because I've curated the 19 absolute best ones around. The post The 19 Best Accounting Podcasts to Listen To appeared first on Future Firm.

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Anders CPA

JULY 30, 2024

Anders has moved up from #77 to #73 on INSIDE Public Accounting (IPA)’s list of Top 100 Firms in the country for 2024. The IPA Top 100, 200, 300, 400 and 500 recognize the top U.S.-based accounting firms based on net revenues. This is IPA’s 34 th annual ranking of the largest accounting firms in the nation. After rising through the ranks of the Top 200 firms for many years, Anders broke into the Top 100 list at #100 in 2021 with 2020 firm revenue of $43.5 million.

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public accounting accounting firms CPA Account 98

CPA Practice

JULY 30, 2024

Nine in 10 finance decision makers describe their finance teams as “lean” and “overextended”—likely due to tight budgets, increased competition, and rapidly changing market dynamics—a problem that is keeping them up at night, according to a new survey from finance and accounting AI-powered marketplace Paro. The purpose of the survey was to uncover current challenges, sentiments, and unmet needs of finance departments within mid-market businesses.

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Finance accounting and finance audit Tax 98

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

AccountingDepartment

JULY 30, 2024

In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.

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quickbooks accountant accounted Account 98

Mark Lee

JULY 30, 2024

You are experienced, good at what you do and yet, you sometimes feel you need validation as to your value as an accountant – especially if you are a sole practitioner, running your own practice. You have a nagging feeling of inadequacy despite your qualifications and experience. You may even know it’s not rational to feel this way, but you do.

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Education accounted Account accountant 94

Accounting Today

JULY 30, 2024

The hiring pace at small businesses dropped slightly in July, payroll processor Paychex reported Tuesday, but wage growth remained consistent.

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payroll accountant accounted Account 72

Cherry Bekaert

JULY 30, 2024

In the latest episode of Cherry Bekaert’s Digital Journeys podcast series, Dan Mitzenmacher , host and Managing Director of Digital Advisory, is joined by Jim Holman , Director and Strategy & Operations Leader, as they discuss enterprise resource planning (ERP) system integration and customization. In the final episode of our three-part series around ERP rescue and recovery, Dan and Jim share their tips for successful ERP implementation and integration.

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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

Accounting Today

JULY 30, 2024

Generative AI continues to build in the accounting world, as both KPMG and Armanino announced new capacities in their respective audit tools.

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audit Account accountant accounted 60

Cherry Bekaert

JULY 30, 2024

In the fourth episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s Government Contracting practice. Bringing extensive knowledge and experience in the government contracting space, Brendan and Jeff discuss cost impacts, as well as the differences between General Dollar Magnitude (GDM) and Detailed Cost Impacts (DCI).

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accounting standards cost accounting Account accounted 64

Going Concern

JULY 30, 2024

This is why we have a “ Just Give Me My Score You Bastards! ” tag Thanks to the tipster who reached out to alert us to this situation. Apparently eager CPA exam candidates have once again crashed NASBA’s delicate and temperamental system leaving candidates who sat for core sections AUD, REG, and FAR looking for hints of their scores ahead of the July 31 target release day highly disappointed.

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CPA accountant accounted Account 59

Cherry Bekaert

JULY 30, 2024

Contributor: Mollie Carroll, Senior Manager, Risk & Accounting Advisory Services Amidst the rising cost of debt and the recent Securities and Exchange Commission’s (SEC) crackdown on special purpose acquisition transactions (SPACs), there has been a notable uptick in the number of companies looking to execute initial public offerings (IPOs). For many companies, the switch from being a privately held company to publicly traded company represents the start of a new era of prosperity and growth

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financial statements accounting and finance audit accounting basics 64

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