Art of Accounting: Succession planning exit strategy
Accounting Today
MARCH 18, 2024
There's an inherent conflict between wanting the best deal when you exit and wanting the best arrangement during the time you are working.
Accounting Today
MARCH 18, 2024
There's an inherent conflict between wanting the best deal when you exit and wanting the best arrangement during the time you are working.
RogerRossmeisl
MARCH 18, 2024
We are finding that, all too often, taxpayers that make Employee Retention Tax Credit (ERTC) claims by engaging a so-called “ERTC Mill” are never told of their responsibility to amend their applicable prior year federal income tax return(s), and are shocked to learn that they owe additional taxes, penalties and interest. In order to offset their wage expense for the amount of the credit claimed, taxpayers who file an amended Form 941-X to claim an ERTC refund must simultaneously file an amended
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Accounting Today
MARCH 18, 2024
Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.
Cherry Bekaert
MARCH 18, 2024
In the latest episode of Cherry Bekaert’s Risk & Accounting Advisory podcast series, Neal Beggan , is joined by Steven Ursillo and Dan Sembler , both partners in our Information Assurance & Cybersecurity practice. During this episode they discuss the many benefits of Service Organization Control (SOC) 2 reports, such as security insights, gaining customer trust and risk management, and how those benefits bring value to a company.
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.
Accounting Today
MARCH 18, 2024
Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times.
CPA Practice
MARCH 18, 2024
More than 458,000 workers were involved in major strikes in 2023, according to an EPI analysis of data released by the Bureau of Labor Statistics (BLS). This marks a 280% increase compared with 2022, returning to levels last seen prior to the COVID-19 pandemic. These strikes included workers across the country—from auto workers to Hollywood writers and actors, nurses, and public school teachers.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 18, 2024
By Ken Berry The monumental Tax Cuts and Jobs Act—signed on December 22, 2017—featured a slew of provisions affecting individuals and business entities. Although there are exceptions, many of the provisions for individuals are scheduled to expire after 2025. Conversely, most changes for businesses are permanent, such as the flat 21% tax rate for corporations, but others are temporary.
Withum
MARCH 18, 2024
Withum is excited to share that Lara Waldner , CPA, Team Leader of the Theatre and Entertainment Services Team, has been named on the Broadway Women’s Fund list of Women to Watch on Broadway. Lara’s expertise is in providing auditing, accounting and consulting services to commercial theatrical productions and not-for-profit organizations in the theatre and entertainment space.
Insightful Accountant
MARCH 18, 2024
Implementing a four-day workweek can boost productivity by 77%, improve work-life balance, reduce absenteeism, and save costs. However, it requires careful planning and execution, which may seem daunting in busy accounting and tax practices.
Accounting Today
MARCH 18, 2024
Accounting Today is accepting submissions for its report recognizing the Best Accounting Firms for Technology. This is the sixth year the publication will recognize firms in this category.
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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.
IgniteSpot
MARCH 18, 2024
In the journey of entrepreneurship, understanding the nuts and bolts of your business finances is not just an option—it's a necessity. Many entrepreneurs in their 30s to 50s find themselves in a unique position; they're passionate about growth and self-improvement but often find the world of accounting and financial jargon to be a dense fog on their path to wealth.
Accounting Today
MARCH 18, 2024
Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
CPA Practice
MARCH 18, 2024
AICPA & CIMA are accepting applications for their annual Accounting Scholars Leadership Workshop (ASLW), an event that provides instruction, advice and guidance to diverse college and university students interested in a career in accounting and finance. The program also demonstrates the value these students would add to the growth and development of the profession.
Accounting Today
MARCH 18, 2024
It would cap a remarkable downfall for Mike Lynch if he's convicted of accounting fraud after he sold his startup Autonomy to Hewlett Packard for $11 billion.
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.
CPA Practice
MARCH 18, 2024
With tax season nearly over, it’s a great opportunity to understand more about your client’s experience. A client satisfaction survey can help you do that. Personalized customer surveys are a powerful tool in garnering this essential information, enabling you to tailor your firm’s products, services, and communication effectively. Let’s delve into best practices for crafting these surveys, recommended software tools, suggested top questions to include, and a sample email to send to your clients
Accounting Today
MARCH 18, 2024
PICPA believes the PCAOB's Non-Compliance with Laws and Regulations proposal is disconnected from the realities of the auditing profession and will impose undue strain on an already thinly stretched workforce of CPAs.
CPA Practice
MARCH 18, 2024
By Irina Anghel, Bloomberg News (TNS) Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times. The move will see the firm reorganize its main business units down to four arms from five, the paper said, citing a person familiar with the matter. They are audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal.
Withum
MARCH 18, 2024
Enterprise Resource Planning (ERP) implementation is a complex process requiring significant investment in resources, time and money. An ERP system is designed to help organizations streamline their business processes, increase efficiency and achieve their strategic goals. However, an ERP implementation can also be challenging, and organizations may face issues such as cost overruns, delayed timelines, and unexpected problems.
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.
Accounting Today
MARCH 18, 2024
Bloomberg Tax and Accounting released Bloomberg Tax Workpapers, which focuses on data, controls and calculations for tax preparation.
VJM Global
MARCH 18, 2024
Held by Hon’ble Appellate Authority of Advance Ruling, West Bengal In the matter of Assistant Commissioner, Shibpur Division, CGST & CX Vs. Mindrill Systems and Solutions Private Limited (GST AAAR West Bengal) (Appeal Case No. 04/WBAAAR/APPEAL/2023) The Company constructed a warehouse and let it out. The Company paid the GST on such outward supply.
Accounting Today
MARCH 18, 2024
Transit operators in San Francisco's Bay Area are facing massive budget shortfalls as ridership lingers well below its prepandemic levels.
CPA Practice
MARCH 18, 2024
Date: March 29, 2024 | 12 noon EDT Duration: 60 Minutes | Cost: Free Sponsor/CPE Provider: Intuit Accountants Register Here If you feel overworked and underappreciated, consider updating your tax preparation practice to lead with planning and advisory services, powering prosperity for your firm and your clients. Join Dawn Brolin, the Designated Motivator, to learn how to shift from reactive, client dependent workflows to planning driven workflows.
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.
Cherry Bekaert
MARCH 18, 2024
As a grant recipient, it’s important to ensure the money is being spent effectively and efficiently when it comes to the costs related to grant expenditures. However, justifying grant expenditures can be a complex and time-consuming process. Hosts Kimberly Konczack, an Advisory Manager at Cherry Bekaert, and Shuo Zhang, Manager, are joined by Kat Kizior, Senior Associate, and special guest Anthony Walsh, Senior Manager.
CPA Practice
MARCH 18, 2024
Date: April 2, 2024 | 1pm EDT Duration: 60 minutes | Cost: Free Presented and Hosted by GrantThornton Register Here The media and entertainment landscape is in a state of unprecedented transformation. The traditional studio model has been disrupted by streaming giants, shifting power into the hands of consumers. To thrive in this new normal, M&E companies must strike a delicate balance between advertisement revenue and subscription models.
Anders CPA
MARCH 18, 2024
Operating a business in the trucking industry has always been a challenge, but recent years have been exceptionally difficult. Fuel costs, labor costs, and equipment costs are all sky-high. This environment has created opportunities for some with significant consolidation among trucking companies. Yet household names in the industry that existed for nearly 100 years have completely gone out of business.
CPA Practice
MARCH 18, 2024
Quadient is expanding its Quadient Experience Partner Program to include the company’s financial automation solutions. Previously focused on Quadient’s CCM solutions, the new program brings more value to partners while expanding the reach of Quadient’s cloud solutions’ rich features and functions to more customers. Currently, more than 100 business and technology partners collaborate with Quadient on delivering and integrating with the company’s CCM and document automation solutions, Quadient In
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
Canopy Accounting
MARCH 18, 2024
With the technological transformation that's taking place in the business landscape, the importance of having the right practice management software has never been more critical for the accounting industry.
CPA Practice
MARCH 18, 2024
Top 500 accounting firm JHM Certified Public Accountants, based in Chattanooga, is expanding its presence in eastern Tennessee by combining with Harting, Bishop & Arrendale (HBA) in Cleveland, TN. The combined firm will operate under the name of JHM Certified Public Accountants. The merger brings JHM to approximately 70 team members. Dean Krech “We were very familiar with the importance HBA placed on deep personal relationships with their clientele and are sincerely humbled and honored to e
Going Concern
MARCH 18, 2024
Hey. Here we are, another Monday. What fresh horrors await us this week? I’ll start. Due to a technical issue on the website over the weekend, our weekend discussion on private equity in the profession was deleted — along with a few earlier posts that we were thankfully able to recover. SO, I’ll repost the topic and some of the comments we received on it (which thankfully exist in my disaster of an email inbox) to ensure the discussion rolls on.
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