Mon.Sep 30, 2024

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Marketing for Accountants: AI Tools & Content Strategies | Janel Sykora

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart welcomes Janel Sykora from Cajabra to explore the critical role of marketing for accountants. Discover why shifting sm.

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Top Apps for Accountants 2024

Accounting Today

We asked a panel of accounting technology thought leaders about their favorite applications, and here is what they said.

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CPA Challenge: How Do You Build a Firm Culture?

CPA Practice

Over the past 20 years, accounting firm leaders have been challenged by a rapidly evolving technological landscape that promises greater productivity and efficiency – keys to modern successful firms – to those who are able to evaluate and implement the solutions that best optimize client service and firm management. In the wake of the pandemic, they’ve also had to reimagine the dynamics of their staffing and workflow, as many firms adopted remote or hybrid workforce models, often necessary to co

CPA 119
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AICPA, NASBA propose CPA licensure changes in Uniform Accountancy Act

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy proposed a set of changes in the model legislation used in many states to reflect an alternative pathway to CPA licensure based on competency.

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Building a Business Case for Finance Automation

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.

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Stronger Today, Safer Tomorrow: Proactive Cybersecurity Strategies for a Resilient Future

Withum

In an increasingly digital world, the line between personal and professional lives has blurred, making cybersecurity a shared responsibility that extends beyond the workplace. October marks Cybersecurity Awareness Month, a timely reminder for leaders across all industries to take actionable steps toward safeguarding both personal and business information.

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IRS launches group mailbox pilot for large biz taxpayers

Accounting Today

The program will allow the representatives of a large business to share a mailbox to communicate with Appeals office employees.

More Trending

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Internal auditors eye risks from climate change, but not enough

Accounting Today

Digital disruption and climate change are the two fastest-growing risk areas for organizations across various industries, according to a new report.

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IRS Draft Form 7217 Ready For Public Comment

CPA Practice

The IRS on Sept. 30 requested public comments on draft Form 7217 and instructions for draft Form 7217. Last month the IRS posted revised draft Form 7217, with the new title “Partner’s Report of Property Distributed by a Partnership.” This is a new form for tax year 2024 applicable to distributions to partners made during that tax year. The purpose of Form 7217 is to report all distribution of property that a partner receives from a partnership.

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This Might Be the Strangest Review of an Accounting Firm Yet

Going Concern

We’ve got a story coming up about Wright, Moore, DeHart, Dupuis & Hutchinson, LLC (IPA #409 with $9,771,520 in revenue) of Lafayette, LA and naturally had to check out their reviews on Google because we’ve never heard of this place. Jordan Boston here has a beef with the good folks of WMDD&H: The only non-Google photo for this place is from Jordan.

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FASB Looks to Update Rules on Share-Based Payments

CPA Practice

The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update on Sept. 30 that would clarify guidance on share-based payments that are granted by an entity as consideration payable to a customer. Last June, the board decided to add a project to its technical agenda to improve the accounting guidance under Topic 606, Revenue from Contracts with Customers , and Topic 718, Compensation—Stock Compensation , for share-based consideration payable to a customer in conjun

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Monday Morning Accounting News Brief: EY Didn’t Have a Labor Permit; Deloitte Partners Allegedly Suffer But Not Really | 9.30.24

Going Concern

Hello and happy Monday! Here’s some news. Publications around the world continue to discuss the tragic sudden death of a young auditor at EY India and dirt keeps making its way to the surface. This is Latin Times : Accounting Firm Where Woman Died from ‘Overwork’ Has Operated for Decades Without a Cap on Work Hours Soon after Shailendra Pol, Additional Labor Commissioner for the Indian state of Maharashtra, began the investigation, he noted that EY’s registration under th

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IRS Looks to Improve Communication With Large Corporations During the Appeals Process

CPA Practice

As part of its ongoing efforts to expand online tools and improve user experiences for both individual and business taxpayers, the IRS announced on Monday it has launched a new pilot program to enhance secure messaging for large corporations with multiple representatives during the appeals process. From Sept. 30, 2024, through March 31, 2025, the IRS Independent Office of Appeals’ Secure Messaging Program Office is piloting “corporate group mailboxes,” allowing eligible business taxpayers with a

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Intuit Enterprise Suite: First Look

SchoolofBookkeeping

On September 26, 2024, I attended a webinar introducing the shiny new Intuit Enterprise Suite offering that was launched on September 17, 2024. I wrote an article on the external facing announcement on that date, if you haven't reviewed, you can check it out here. Intuit is hoping this new offering will be setting new standards with its latest features, designed to enhance efficiency, provide deeper insights, and streamline operations for businesses of all sizes.

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Accounted LTD’s Summer Internship 2024 Expands Across London and Birmingham, Making a Lasting Impact

Accounting Insight

Accounted LTD, one of the UK’s youngest black-owned accountancy firms, is proud to announce the success of its 2024 Summer Internship Program, marking the second year of hosting in London and the first time expanding to Birmingham. This initiative represents a significant accomplishment for a small yet impactful firm, as it continues to empower students from disadvantaged backgrounds by providing them with opportunities to gain real-world experience and shape their futures.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Cash flow and retirement strategies for high-earning clients with variable incomes

Accounting Today

Do you have three buckets handy?

Tax 75
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Brit Audit Cops Want Firms to Snitch if Private Equity is Sniffing Around

Going Concern

UK audit cops at the Financial Reporting Council (FRC) have told firms they’re expected to rat themselves out if the firm is in discussions with private equity about handing over ownership, reported FT. Presumably any amount of ownership, not just majority. FT wrote : Richard Moriarty, chief executive of the Financial Reporting Council, wrote on Thursday to the bosses of the UK’s top accounting firms, saying the regulator was not “in principle” against private equity investment in the sect

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REDW acquires Hatcher Financial

Accounting Today

The Regional Leader has grown its presence in Phoenix.

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Are You an 'Enterprising' ProAdvisor - U.S. ProAdvisor Award Tip

Insightful Accountant

Murph is back with his Tuesday Top ProAdvisor Award Tips for 2025. This week with tips for ProAdvisors supporting QuickBooks Desktop Enterprise as a part of their QuickBooks Desktop practice.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Art of Accounting: Updating the checklists

Accounting Today

Each year Ed Mendlowitz prepares and provides to colleagues, for free, a usable updated checklist file. This year's Word file has 370 pages containing 205 separate checklists.

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Artificial Intelligence Revolutionizing Quality Control

Insightful Accountant

Worried that AI might take your job, worry again, it might become your supervisor or at least your inspector.

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Accountant charged with aiding, abetting massive securities fraud

Accounting Today

The Securities and Exchange Commission alleged Olayinka Oyebola and his firm enabled the perpetration of a multiyear fraud scheme.

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AI in Manufacturing: Balancing Innovation and Cybersecurity

Withum

From enhancing operational efficiency to automating complex processes, AI promises a new era of productivity and innovation for manufacturers. However, with these advancements come significant cybersecurity challenges that must be addressed to safeguard operations – and reputations. Opportunities and Risks AI in advanced manufacturing offers numerous benefits.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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FASB proposes guidance on share-based considerations

Accounting Today

The proposed accounting standards update aims to enhance the accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

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AICPA and NASBA Propose Changes to Uniform Accountancy Act

CPA Practice

As part of efforts to address accounting’s talent needs and expand access to accounting careers to more candidates, the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have proposed changes to the profession’s model law. The Uniform Accountancy Act (UAA) provides state legislatures and boards of accountancy with a national model that can be adopted in full or partially adapted to meet the needs of each jurisdiction.

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The growing opportunity in the Hispanic community

Accounting Today

Melanie Lauridsen and Cynthia Rijo Sanchez discuss what it takes to successfully serve the Hispanic market.

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Understanding New York’s “Convenience of the Employer” Rule: A Guide for Tech Companies with Remote Workforces

Shay CPA

With remote work becoming more prevalent, especially in the tech industry, it’s crucial for businesses to understand the tax implications of having employees work from various locations. One such consideration is New York’s “Convenience of the Employer” rule, which impacts how nonresident employees are taxed. For tech companies considering New York as a headquarters, this rule can influence decisions about where to establish offices and how to structure remote work arrang

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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QBO Hands On Training Course By Alicia Pollock

Insightful Accountant

Invest in this in depth hands on training by Alicia Pollock for yourself, your staff and your clients who use QBO.

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How to Overcome Reporting Challenges with In-Kind Contributions

Anders CPA

In-kind contributions, or gifts-in-kind (GIK), play a critical role in supporting not-for-profit organizations’ program activities and mission goals. Accurately recognizing and valuing these nonfinancial contributions has long been a challenge. Changes to the reporting standards for in-kind contributions highlight the need for not-for-profits to be thorough, transparent and strategic in how they report these assets.

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From the auditor’s perspective: What does the future of the audit profession look like?

ThomsonReuters

← Blog home Amidst a changing landscape, audit professionals at all levels have significant questions about the future of audit and the role that technology like AI plays. To help those looking for answers, we went straight to the source. Forrestall CPAs is a leading metro Atlanta CPA firm offering a full range of services, including audit. Founded in 1978, the firm was voted the Best CPA Firm in Gwinnett County for fifteen years by Gwinnett Magazine.

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Blaming the Auditors for Fraud

FraudFiles

When a company discovers an internal fraud, it’s not uncommon for owners and management to look for a party to blame. After all, someone should have known that a fraud was in-progress, right? Often, the blame is cast in the direction of the auditors. The auditors are an easy target. Not only do they usually [.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.