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.

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accounting firms Account accounted accountant 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

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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Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

payroll

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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Accounting Today

APRIL 1, 2024

Brian Chess, AI development lead with NetSuite, explained the company's AI Everywhere philosophy during the SuiteConnect conference.

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NetSuite Technology 124

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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accounted Account accountant 128

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

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

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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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

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

Account

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.

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accounting and finance Tax Government Finance 92

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 Account 64

Accounting Today

APRIL 1, 2024

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

Tax 101

Tax 101

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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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.

Account

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

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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Accounting Today

APRIL 1, 2024

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

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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

Advertisement

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.

financial statements

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 Account accounted accountant 64

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.

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Tax Account accounted 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

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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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

Sales

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 Account accounted accountant 52

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.

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Tax 56