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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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.
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.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
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.
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
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.
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.
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
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.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
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.
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
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
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: 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.
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
The Internal Revenue Service has determined that the Feb. 3, 2023, derailment qualifies as "an event of a catastrophic nature.
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
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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.
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
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
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.
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.
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
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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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.
Shay CPA
JUNE 12, 2024
Earlier this year, we teed up some accounting tips to help set you up for success. Bookkeeping tips, then, might seem a little redundant. But there’s a key difference. Accounting requires some level of analysis of your company’s financial situation. Bookkeeping focuses solely on keeping track of your financial data. In some ways, that makes it simpler.
CPA Practice
JUNE 12, 2024
The Chartered Institute of Management Accountants (CIMA) announced today that it has appointed finance transformation business leader, Simon Bittlestone, FCMA, CGMA, as 91st President of the Institute. He will also serve as 9th Chair of the Association of International Certified Professional Accountants (the Association), the world’s largest accounting membership body of public and management accountants.
Anders CPA
JUNE 12, 2024
Leslie Bocskor, CEO and Chairman, Indoor Harvest Corp and Executive Chairman, Electrum Partners, LLC., joins the show, sharing his journey from corporate finance to recognizing the sector’s potential. Bocskor discusses the impact of federal policies, the need for safer banking, and the importance of rescheduling cannabis for industry stability.
CPA Practice
JUNE 12, 2024
The New Jersey Society of Certified Public Accountants (NJCPA) is accepting nominations for its 2024 Ovation Awards now through Sept. 11, 2024. The awards honor New Jersey professionals in seven categories: Diversity, Equity & Inclusion; Impact; Innovation; Emerging Leaders; Exceptional Educators; Lifetime Leader and Women to Watch. The NJCPA Ovation Awards recognize outstanding accomplishments, selfless volunteerism, impactful commitments to improving the efficiency of accounting and a lif
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.
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