AccountingDepartment
JUNE 12, 2024
Every business faces a variety of major accounting and spending-related challenges. Chief among them — how can a business keep its spending to a minimum while still ensuring that they invest in growth areas and achieve its business goals?
Withum
JUNE 12, 2024
S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. With the sunsetting of the 199A deduction and an increase in individual federal income tax rates scheduled to occur as of December 31, 2025, the effective tax rate for pass-through entity owners will jump from 30% to 39.6%.
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CPA Practice
JUNE 12, 2024
By Morgan Haefner, Quartz (TNS) Out of the 813 billionaires in the U.S. , nearly a fifth of them went to just a handful of colleges. Forbes published its “ Top Colleges for Billionaires ” list June 9 that ranks American universities by the number of undergraduate alumni that have gone on to become billionaires. Take a look at the top five schools in the ranking, which have collectively graduated 126 billionaires with a total net worth of $927.4 billion. 5.
Going Concern
JUNE 12, 2024
Deloitte’s CFO Signals Survey 2Q 2024 is out and we were going to focus on how CFOs aren’t feeling very risky at the moment — only a little more than a quarter of them feel now is a good time to take risks — but instead we’re going to talk about succession matters because that’s probably more relevant to readers of Going Concern who aspire to one day fill their shoes.
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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
Accounting Today
JUNE 12, 2024
Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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Accounting Today
JUNE 12, 2024
Ernst & Young's U.S. firm intends to invest $1 billion over the next three years in talent and technology to improve the attractiveness of the accounting profession.
CPA Practice
JUNE 12, 2024
By Sarah Lynch, Inc. (TNS) Noncompete agreements have a long history in the U.S.—the Federal Trade Commission’s final rule in April banning these clauses could shake up practices at numerous companies. But most small business leaders believe they are in the clear. Just 21 percent of small businesses think they will be impacted by the noncompete ban, according to a new survey of almost 500 small business leaders from the Wall Street Journal and executive coaching organization Vistage.
Accounting Today
JUNE 12, 2024
Strategies, tactics and best practices from Accounting Today's Firm Growth Forum.
CPA Practice
JUNE 12, 2024
Picture this: every morning, you wake up to the same song on the radio—“I Got You Babe” by Sonny and Cher. No, you’re not dreaming. You’re stuck in your own personal “Groundhog Day”. Instead of the song playing on repeat it is April 15 th , back again. But don’t worry; we’re here to help you escape the loop and avoid spending the next 12,000 days in a time warp.
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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.
GrowthForceBlog
JUNE 12, 2024
9 min read June 12th, 2024 As everyone remembers, the pandemic shifted the way workplaces needed to function. We moved out of the office and into our homes to work remotely. Key Takeaways Fears and Challenges: Employers fear that remote work will negatively impact productivity and engagement while employees have enjoyed the ability to have a healthier work-life balance where they don't have to waste time on a stressful commute or.
CPA Practice
JUNE 12, 2024
By Christopher Zara, Fast Company (TNS) Sketchy news websites are flooding the internet with bogus stories about stimulus checks and other government handouts in a growing scheme that has catapulted blatant misinformation to the top of Google’s trending search topics at least three times in the past two weeks. The websites appear to be once-legitimate domains that have been rebranded for the sole purpose of producing click-baity stories on high-interest search terms, with little regard for trut
Accounting Today
JUNE 12, 2024
Ilit Raz, CEO and founder of now-shuttered Joonko, was charged with defrauding investors of at least $21 million by making false and misleading statements about the company.
CPA Practice
JUNE 12, 2024
This webinar will be held on Tuesday, July 9, 2024 at 1:00pm ET Sponsor: SafeSend Duration: 1 Hour Register Now With so many new features, automation technologies and firm modernizations coming out in 2024, Tax & Accounting professionals have a lot to keep up with. Join SafeSend for an informative webinar where we press pause on all these notifications and break it down.
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
Accounting Today
JUNE 12, 2024
In addition to leading the Chartered Institute of Management Accountants, Simon Bittlestone will also serve as chair of the Association of International Certified Professional Accountants.
CPA Practice
JUNE 12, 2024
EY US announced plans on June 12 to invest $1 billion over three years in talent and technology as a way to improve the attractiveness of the profession to young accountants. The Big Four firm said the investment includes a boost in compensation for entry-level accountants, artificial intelligence (AI)-enabled audit and tax platforms, a new “360 Careers” experience, outreach and support for college students, and enhanced well-being benefits.
Xero
JUNE 12, 2024
It was so exciting to demonstrate Just Ask Xero (JAX) live in front of an enthusiastic crowd of accountants and bookkeepers at Xerocon London today. We previewed this innovative new product at our Investor Day earlier this year, and we’re really proud to be able to show a live demo only a few short months later. JAX, your smart business companion, available in beta in August this year, will help you and your clients run your businesses more efficiently.
CPA Practice
JUNE 12, 2024
While more strategic tax leaders are most concerned that the 2024 election will result in changes to certain Inflation Reduction Act renewable energy credits, tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey from top six accounting firm BDO USA. BDO’s 2024 Tax Strategist Survey, which was released on June 10, shows that fewer tax leaders are operating at a highly strategic level, compared to last year’s study.
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.
Xero
JUNE 12, 2024
After my first Xerocon as CEO at Sydney last year, the bar was set high for this year’s event here in London. And wow! Day one has knocked it out of the park. We kicked off with an incredible performance from Harry Yeff, also known as Reeps One, who uses AI to create unbelievable sounds and music. Our brilliant host (and a familiar face on British TV) Sue Perkins, then welcomed everyone to Xerocon London and quickly had us all in stitches.
Cherry Bekaert
JUNE 12, 2024
Across the globe, organizations are trying to determine how they can use artificial intelligence (AI) to optimize growth and streamline processes. Some organizations are ahead of their competition when it comes to using AI in their operations. The organizations that are maximizing their use of AI followed certain steps to achieve success. They didn’t just flip the switch and start realizing beneficial results.
CPA Practice
JUNE 12, 2024
The global tax technology provider Vertex has acquired the tax-specific AI capabilities from Ryan, LLC, a tax services and software firm, The AI functions are designed to more effectively manage the complexity of transaction tax mapping. Financial terms of the acquisition have not been disclosed. The categorization of products for taxability is a manual and time-consuming process that is critical for achieving enhanced tax accuracy, especially for high-volume businesses that must manage indirect
Accounting Today
JUNE 12, 2024
Keith Taylor is charged with embezzling about $2.5 million intended to help working families, allegedly spending it on rent for a luxury Manhattan high rise, and meals at top restaurants and steakhouses.
Speaker: Joe Sharpe and James Carlson
Running a small business is no small feat. Payroll management, in particular, can be one of the most time-consuming and complex parts of that equation. Yet, businesses that crack the code on streamlining these processes often discover not just savings, but new avenues for growth. Our expert speakers will share actionable insights and real-world examples of how businesses have reduced overhead and improved payroll efficiency.
CPA Practice
JUNE 12, 2024
KPMG LLP’s Audit practice is embedding the Databricks Data Intelligence Platform within KPMG Clara, its global smart audit platform that brings together data and analytics, artificial intelligence and automation, collaboration capabilities and audit workflow, to deliver a better audit experience. By leveraging Databricks technology, KPMG auditors can analyze billions of financial transactions across thousands of audits, driving enhanced audit quality and deeper insights into audit-related risks
Accounting Today
JUNE 12, 2024
The Internal Revenue Service has determined that the Feb. 3, 2023, derailment qualifies as "an event of a catastrophic nature.
Going Concern
JUNE 12, 2024
While readers of accounting profession news have been getting hammered by headlines about dire talent shortages , a dry pipeline , and firms bleeding qualified staff with years of experience , another phenomenon has been quietly at work behind the scenes. To explain the phenomenon I’m talking about, let’s pull this excerpt from a May 2023 article about a CNBC interview with EY Global Chairman and CEO Carmine Di Sibio : He also discussed hiring, saying they’ve been seeing a slowdown i
Xero
JUNE 12, 2024
Earlier this year, we shared that we’d be releasing the second part of our Xero Small Business Insights (XSBI) productivity report series. Our latest report, Small business productivity: industry and regional trends , builds on the first report released in April. It takes a deep deep dive into labour productivity at the industry and regional level across Australia, New Zealand, and the UK.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Ryan Lazanis
JUNE 12, 2024
I'm a strong advocate of remote work but in-person shouldn't be overlooked. Find out the benefits and drawbacks of each approach. The post Is In-Person Better Than Remote? appeared first on Future Firm.
Reckon
JUNE 12, 2024
Guest Post by Imed Bouchrika, Computer Science professor from the University of Southampton, UK. Imagine starting your own business and having your own products or services, marketing strategy, and sales team in place. You think everything is good to go. Unfortunately, there’s something very essential you might have missed: an accounts management and financial reporting system.
CPA Practice
JUNE 12, 2024
BlueFaucet has announced the rollout of its new app, which is designed to transform operations for businesses with fewer than five employees by organizing and managing daily tasks and client interaction with one or two clicks. Supporting small business is top of mind for BlueFaucet as it partners with personal-related, house-related, and restaurant merchants.
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