Accounting Today

APRIL 1, 2024

Wipfli's Kelly Fisher offers a practical look at artificial intelligence and how accounting firms should be thinking about it.

accounting firms 119

accounting firms Account accountant accounted 119

CPA Practice

APRIL 1, 2024

By Dr. Sangeeta Chhabra Here’s a sobering stat for accountants and business owners alike: 74% of data breaches occur due to human errors, encompassing mistakes, privilege misuse, stolen credentials, or social engineering. But there is hope—through proper training, your firm and ultimately your clients can significantly reduce the risk of a breach. Do staff follow data security policies?

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Education Legal quickbooks audit 122

Accounting Today

APRIL 1, 2024

The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.

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Tax 134

CPA Practice

APRIL 1, 2024

Since 2021, the American Institute of CPAs (AICPA) has spoken out against unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims. The Internal Revenue Service has heeded the concerns of CPAs from across the country and taken steps to curb fraudulent ERC claims. As previously scheduled by the IRS, the voluntary disclosure program has come to an end.

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cpas payroll tax tax return payroll 114

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.

Finance

Accounting Today

APRIL 1, 2024

This outrageous story about an accountant's client and his wife might not seem like it's real, but it is.

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Account accounted accountant 128

Insightful Accountant

APRIL 1, 2024

AI is transforming the tax industry, yet professionals are wary of embracing it fully due to data security, ethics, and client relationships. Practice owners must navigate this shift for success.

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Tax 111

Going Concern

APRIL 1, 2024

Over the weekend, The Times published a bit of a scary article about how the consulting business is so slow over there in the UK McKinsey is now trying to force out some of its engagement managers and associate partners. But they aren’t laying them off right away. McKinsey is offering to pay hundreds of its senior employees to leave the firm and look for work elsewhere, the latest attempt by the consulting giant to reduce staff amid a sector-wide downturn.

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Withum

APRIL 1, 2024

In this episode of Cryptonomix, Mark Eckerle and Anurag Sharma, Partner and Systems & Process Assurance Group Leader at Withum, break down SOC 1, 2, and 3 Reports and the differences between them.

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Going Concern

APRIL 1, 2024

A belated Happy Easter to those who celebrate and an on-time Happy April Fools’ Day to all. We aren’t planning any shenanigans today so you won’t see any fake stories here today. TBH our brand is still recovering from the great Bitcoin debacle of April Fools’ Day 2014. Plus who can even tell what’s real and what’s fake on the internet these days?

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Account accounted accountant audit 105

Accounting Today

APRIL 1, 2024

From coast to coast, the cities and states where taxpayers procrastinate the most.

Tax 101

Tax 101

Advertisement

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.

Technology

CPA Practice

APRIL 1, 2024

It has now been more than four years since COVID-19 began ravaging the U.S., but the worst health crisis any of us have ever faced so far in our lifetime hasn’t stopped people from trying to financially take advantage of others. Over the last four years, the IRS Criminal Investigation unit has investigated 1,644 tax and money laundering cases related to COVID fraud totaling $8.9 billion, according to statistics released by the tax agency on March 28.

accounting and finance 92

accounting and finance Tax Government Finance 92

IgniteSpot

APRIL 1, 2024

In the world of entrepreneurship, especially among the do-it-yourself, blue-collar business community, the path to success is often paved with a series of trial and error, hard work, and a never-say-die attitude. Yet, there's an insidious logic trap that many fall into without even realizing it—circular reasoning. This logical fallacy can lead business owners down incorrect and illogical paths, significantly impacting their profits and growth.

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accountant accounted Account 86

Accounting Today

APRIL 1, 2024

City officials attribute the trend to the end of a tax-lien sales program that punishes delinquency.

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Tax Sales New York 83

Anders CPA

APRIL 1, 2024

Every industry goes through down cycles, transportation and logistics included: After the pandemic freight boom, we’ve seen gas prices rise, drivers quit, and operators go out of business. It’s a time when many business owners start to panic, making irrational decisions that can spiral out of control. An owner who sees too many trucks in the yard might accept work at a loss, because they haven’t taken the time to calculate and properly categorize overhead.

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Transportation Start-ups CPA accounted 64

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.

payroll

Accounting Today

APRIL 1, 2024

WithumSmith+Brown added a firm in Philadelphia that mainly serves nonprofit and government organizations.

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Maine Government Non-Profits 78

Canopy Accounting

APRIL 1, 2024

What's new: We are thrilled to announce the launch of the Files Interface Redesign within Canopy's Document Management module. This update transforms the way Canopy users interact with the files section, providing a more intuitive and user-friendly experience.

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Accounting Today

APRIL 1, 2024

If your practice is launching a CAS practice — or you're just in the initial planning and research stages — making sure you're well-prepared is essential.

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accounting firms accountant accounted Account 64

CPA Practice

APRIL 1, 2024

Top 200 accounting firm Stambaugh Ness has acquired Left Brain Professionals, a Westerville, OH-based accounting and advisory firm serving government contractors, effective April 1. Financial terms of the deal weren’t disclosed. In conjunction with the acquisition, Stambaugh Ness has launched an Outsourced Accounting Services (OAS) for Government Contractors practice area.

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Government accounting system accounting firms accountant 52

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.

Finance

Accounting Today

APRIL 1, 2024

Reporting requirements and asset location could loom large for clients seeking greater yield and diversification without thinking through payments to Uncle Sam.

Tax 56

Tax 56

CPA Practice

APRIL 1, 2024

Top 25 accounting firm Withum has merged in BBD, a Philadelphia-based boutique accounting, tax, and advisory firm that primarily serves nonprofit and government organizations, effective March 31. Financial terms of the deal weren’t disclosed. BBD’s five partners and 40 team members have been added to Withum’s roster. What makes this deal convenient for both firms is that they already share an office building, located at 1835 Market St. in downtown Philadelphia.

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cpa firm CPA Government accounting firms 52

ThomsonReuters

APRIL 1, 2024

One of the most important considerations when building a comprehensive practice management solution is ensuring that your systems can communicate with one another. That allows you to gain 360-degree visibility and context into which operational practices aren’t running optimally. How Baker Newman Noyes automated their tax workflow Baker Newman Noyes (BNN), a U.S.

Tax 52

Tax accounted Account accountant 52

CPA Practice

APRIL 1, 2024

By Andrea Cristina Mercado, Miami Herald (TNS) Filing taxes in the United States is a challenging process. Each year, taxpayers grapple with a convoluted, inefficient and perplexing tax filing system. These challenges have an outsize impact on Latino taxpayers, particularly those from low-income, non-English speaking and immigrant households. While individuals of any background face the risk of being targeted by the predatory tax filing industry, Latinos may fall victim to unqualified service pr

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tax preparation Florida Non-Profits income tax 52

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.

CPA

Dent Moses

APRIL 1, 2024

Expense reimbursement remains a significant challenge for many businesses in the accounting landscape. Manual processes often lead to errors, delays, and employee dissatisfaction. To address these issues, businesses are increasingly turning to software solutions that streamline the reimbursement process and enhance accuracy and efficiency. Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals.

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Expense Reimbursements Technology Approval Workflows accounting and finance 52

CPA Practice

APRIL 1, 2024

April 1 is a big day at Crowe, as the Chicago-based top 15 accounting firm announced that 52 individuals have been promoted to either partner or principal. This year’s class topped last year’s when 44 professionals at Crowe received keys to the partnership. “On behalf of our management committee, our board, our partners, and the entire firm, I am very proud to congratulate each one of our new partners on this momentous career achievement,” Crowe CEO Mark Baer said in a statement.

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accounting firms accountant accounted Account 52