CLA attracts young accountants, leveraging global presence
Accounting Today
JULY 15, 2024
CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.
Accounting Today
JULY 15, 2024
CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.
RogerRossmeisl
JULY 15, 2024
For many businesses, such as retailers, manufacturers and contractors, strict inventory control is central to operations. If you don’t track inventory accurately, you can’t effectively produce goods, meet customer demand and realize profits. Let’s say you’re performing a year-end inventory count and you come up short. Have you miscounted or have the items been misplaced?
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Accounting Today
JULY 15, 2024
The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.
RogerRossmeisl
JULY 15, 2024
Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the Social Security tax they pay. If you’re an employee If you’re an employee, your wages are hit with the 12.4% Social Security tax up to the annual wage ceiling. Half of the Social Security tax bill (6.2%) is withheld from your paychecks.
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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.
Accounting Today
JULY 15, 2024
The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.
RogerRossmeisl
JULY 15, 2024
Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute, 116 million individual U.S. investors owned mutual funds in 2023. But despite their widespread use, the tax rules involved in selling mutual fund shares can be complex. Review the basic rules Let’s say you sell appreciated mutual fund shares that you’ve owned for more than one year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JULY 15, 2024
Thomson Reuters has another survey to share with the world and that’s the 2024 Audit Survey Report from the TR Institute. Like the State of Tax Professionals and Future of Professionals reports, it gives us a birds eye view of the issues these segments are facing and what they’re doing to address them. It’s 2024 so of course generative AI comes up a lot.
CPA Practice
JULY 15, 2024
Results from the latest Vision report from the Institutie of Internal Audits and the Internal Audit Foundation, based on feedback from more than 7,000 practitioners and stakeholders around the world, lay bare the extent to which technological change will continue to impact the internal audit profession. The results of the “Internal Audit: Vision 2035 – Creating Our Future Together ” report underscore the need for internal audit practitioners to expand the scope of their services and embrace emer
GrowthForceBlog
JULY 15, 2024
7 min read July 15th, 2024 Every chief executive officer (CEO) has a dream, a future vision of their business, and a plan to take the business from its current stage and grow it until the future vision becomes a reality. Beside every successful CEO is a savvy chief financial officer (CFO) with the financial smarts, insights, and money-related vision to support the CEO's business plan with a complementary financial strategy.
CPA Practice
JULY 15, 2024
A new survey from Grant Thornton shows that chief financial officers are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since the third quarter of 2021. Grant Thornton’s Q2 2024 CFO survey of more than 225 senior financial leaders revealed several other positive indicators. The data showed that 63% of respondents are confident in their organization’s ability to meet increased demand — a record high in the history of the CFO survey.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
Accounting Today
JULY 15, 2024
Ron Baker's efforts to elevate practice management are innovative, insightful and venerable and should be understood by everyone managing a practice or who wants to.
CPA Practice
JULY 15, 2024
By Sarah Lynch, Inc. (TNS) While the Great Resignation might be in remission, employees are still scanning job sites. But company leaders can take steps to halt employer turnover in its tracks. Fifty-one percent of U.S. employees “are watching or actively seeking a new job,” according to a new report from Gallup—the greatest percentage since 2015—echoing other recent reports from the likes of LinkedIn and PwC.
Xero
JULY 15, 2024
The tax-time crunch is wrapping up, meaning the new financial year is here. And whether you’re looking to avoid the same end- of-financial-year stress next year, or streamline your operations – every small business can benefit from starting the new financial year with the right apps in their app stack. What’s an app stack? An app stack is another name for the set of apps that you use to run your business.
CPA Practice
JULY 15, 2024
By Ben Kesslen, Quartz (TNS) Almost half of adult Gen Zers are still getting financial help from their parents, according to a new Bank of America study of the generation’s financial health. The survey published last Wednesday revealed 46% of Gen Zers between the ages of 18 and 27 reported getting some cash from their families. Fifty-two percent said they don’t make enough to live where they desire.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Cherry Bekaert
JULY 15, 2024
In episode 16 of Talkin’ Talent, Doug Smith and Evan Seward join Sam McCarthy to discuss when an organization should use an external search firm and the dynamics of temporary vs. permanent staffing solutions. They provide professional advice on understanding client needs, navigating recruitment challenges, and adapting to current staffing trends.
CPA Practice
JULY 15, 2024
By Bruce Crumley, Inc. (TNS) Life expectancy in the United States has doubled over the past century. And as lifespans have lengthened, growing numbers of political and business leaders have warned that people might have to work beyond the traditional retirement age of 65 to be able to fund their extended golden years. Now it appears many Gen Xers will have no other choice—unless they start growing their insufficient nest eggs very fast, and right away.
Accounting Today
JULY 15, 2024
Wolters Kluwer announced CCH Tagetik Tax Provision & Reporting, a solution offering data collection and group tax provision calculations for multinationals.
CPA Practice
JULY 15, 2024
The Financial Accounting Standards Board (FASB) issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements on July 12, marking the end of this multiyear project. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards.
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
Cherry Bekaert
JULY 15, 2024
Developing a successful ERP strategy involves a thorough approach that includes alignment, stakeholder engagement and change management. In this second episode of Cherry Bekaert’s Digital Journeys podcast series around ERP rescue and recovery, Dan Mitzenmacher , Managing Director of Digital Advisory, reconvenes with Jim Holman , Director and Strategy & Operations Leader, to determine why an ERP strategy is crucial to align with your specific business needs.
CPA Practice
JULY 15, 2024
By Sarah Lynch, Inc. (TNS) Small business optimism may have reached another high for the year, but the picture is still far from rosy. The latest Small Business Optimism Index from the National Federation of Independent Business reached 91.5 in June, an increase of one point from May and the most optimistic reading of 2024 to date. Additionally, the share of owners who expect better business conditions in six months improved by 5 percentage points.
Accounting Today
JULY 15, 2024
OneStream Inc. and a group of shareholders including KKR & Co. are seeking to raise $465.5 million in a U.S. initial public offering.
CPA Practice
JULY 15, 2024
The American Institute of CPAs (AICPA) has submitted comments to the Internal Revenue Service (IRS) and Treasury on proposed regulations regarding reporting transactions with foreign trusts, receiving large foreign gifts, and dealing with loans and property from foreign trusts. ( REG-124850-08 ). The submitted recommendations will simplify filing for taxpayers and practitioners, reduce the administrative burden on the IRS, and are consistent with and in addition to AICPA’s prior comments on fore
Speaker: Michael Mansard and Katherine Shealy
Generative AI is no longer just an exciting technological advancement––it’s a seismic shift in the SaaS landscape. Companies today are grappling with how to not only integrate AI into their products but how to do so in a way that makes financial sense. With the cost of developing AI capabilities growing, finding a flexible monetization strategy has become mission critical.
Insightful Accountant
JULY 15, 2024
If you missed our recent App Academy webinar, Intuit shared how to leverage ProConnect Tax solutions to streamline the workflow across Books-Income Tax-Advisory to enable you to automate compliance tasks.
CPA Practice
JULY 15, 2024
By Mattea Vecera, Inc. (TNS) Small business sales and visits are slowing down as consumers cut back on spending, according to the June 2024 Fiserv Small Business Index. From May to June 2024, sales decreased by 2.9 percent and transactions fell by 1.5 percent. Small business retail is showing a similar trend. Eight of the nine subsectors outlined in the report experienced a month-over-month decline in sales; overall, retail sales have decreased by 3.3 percent and transactions by 0.8 percent com
Accounting Today
JULY 15, 2024
Test your accounting knowledge on AI layoffs, the IRS Direct File program, and more. No. 2 pencil not required!
Canopy Accounting
JULY 15, 2024
In this episode, the conversation between John Mitchell and Darren Root discusses leveraging Canopy, to enhance brand engagement and team efficiency from prospect to engagement.
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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.
Insightful Accountant
JULY 15, 2024
Why wait? Now is a perfect time to join the many ProAdvisors who have already started the 2025 ProAdvisor Awards process by nominating a fellow ProAdvisor, being nominated by a colleague or client, or applying.
Canopy Accounting
JULY 15, 2024
In this episode, the conversation between John Mitchell and Darren Root revolves around the importance of a modern client experience in accounting firms. They discuss the impact of changing expectations on client interactions and emphasize the need for a well-defined client journey tailored to individual preferences.
CPA Practice
JULY 15, 2024
Top 15 accounting firm CBIZ last week rolled out D@taNEXUS, a suite of data analytics and automation services to help business leaders make smarter decisions faster. “In today’s fast-paced business environment, the ability to quickly analyze and act on data is crucial for success,” Chris Spurio, president of CBIZ Financial Services, said in a statement.
Canopy Accounting
JULY 15, 2024
In this episode, the discussion revolves around the significance of customer relationship management (CRM) in firms, highlighting how it centralizes customer interactions and drives proactive relationship management. They emphasize the importance of having someone responsible for managing customer relationships and how tools like a CRM software enhance this process.
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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