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?
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.
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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%.
Accounting Today
JUNE 12, 2024
Strategies, tactics and best practices from Accounting Today's Firm Growth Forum.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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.
CPA Practice
JUNE 12, 2024
The nomination period has opened for CPA Practice Advisor’ s Tax & Accounting Technology Innovation Awards. The awards honor new technologies that help accounting firms and their small business clients operate more efficiently and profitably through improved workflow, increased accessibility, or enhanced collaboration. Now in their 21st year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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
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
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.
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.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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.
Accounting Today
JUNE 12, 2024
Accounting firms can't afford to take their eyes off the future.
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.
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.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
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.
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.
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.
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.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
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.
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.
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
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
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
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 Big Four audit firm is planning on splitting up his role, according to reports.
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.
Accounting Today
JUNE 12, 2024
Cybercriminals are constantly devising new ways to infiltrate your systems, putting your client's confidential information at risk.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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.
Insightful Accountant
JUNE 12, 2024
In today's competitive environment, accountants are constantly seeking ways to add value for their clients. One powerful tool often overlooked is the 401(k) plan. Read more about it!
CPA Practice
JUNE 12, 2024
Valid8 Financial, a provider of verified financial intelligence (VFI), has named Todd Ludwig as executive vice president for sales. Ludwig will lead Valid8’s sales strategy and execution, focusing on expanding the company’s customer base and driving revenue growth. Ludwig is the company’s most recent leadership addition following Valid8’s $8.5 million Series A funding round.
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