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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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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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

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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

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IRS Offers Tax Relief to Farmers and Ranchers Hit by Drought in 41 States

CPA Practice

The Internal Revenue Service has issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions. Under the guidance, farmers and ranchers may have an extended period of time to replace their livestock and defer tax on any gains from the forced sales or exchanges.

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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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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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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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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 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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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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 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.

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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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Back to Basics with Reconciliations

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.

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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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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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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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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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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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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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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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Harness the Potential of Your Enterprise Knowledge

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.

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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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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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Solve Your Firm's Automation Complexities Once and For All

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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REDW acquires Hatcher Financial

Accounting Today

The Regional Leader has grown its presence in Phoenix.

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

Accounting Today

Do you have three buckets handy?

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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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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.