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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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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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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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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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

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

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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.

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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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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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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Business Travel Expense Strategies for Everybody

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.

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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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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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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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4 Things Great Companies Do to Improve Cash Flow

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

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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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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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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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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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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

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.

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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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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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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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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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Grow Big, Pay Smart: How To Unlock Efficiency In Payroll Management

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.

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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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A Quick Historical Bookkeeping Cleanup

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.

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HMRC’s New Transfer Pricing Guidance – what does it tell me?

Menzies

Menzies LLP - A leading chartered accountancy firm. This guidance, issued in several parts and published on 10 September 2024 aims to reduce uncertainty for businesses and covers 3 main areas: managing compliance risk; common compliance risks; and indicators of transfer pricing policy design risks Some of the main takeaways for businesses are as follows: For the very large Euro 750m groups, there are already prescribed TP documentation rules.

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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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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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