Accounting Today

JULY 16, 2024

Accounting firms and vendors alike have stressed the importance of having a "human in the loop" to oversee AI. Just who are these humans and what do they do?

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BurklandAssociates

JULY 16, 2024

Investing in employee retention makes financial sense and builds a foundation for sustained success and growth. The post Employee Retention Strategies for Startups: Keeping Your Best Talent Engaged appeared first on Burkland.

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TaxConnex

JULY 16, 2024

Knowing when and where you have sales tax obligations is a key part of compliance. And understanding your taxability – especially if you don’t sell just tangible personal property (TPP) – is key to getting the right sales tax rates on transactions. Tax mapping helps you determine how items are taxed in a jurisdiction. Anything not tagged to a tax code in mapping is taxed as TTP, which may not be the best or correct sales tax rate.

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CPA Practice

JULY 16, 2024

Chicago-based RSM US brought in $4 billion in revenue during the firm’s most recent fiscal year, with consulting driving business growth, according to its FY 2024 Impact Report. The firm reached the $4 billion mark after a nearly 8% increase in revenue in FY 2024, up from $3.7 billion in FY 2023. “We have made significant progress during the last year in our journey to become an even more compelling, digital and global organization committed to leading the middle market into the future,” Brian B

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public accounting audit accounting firms Tax 134

Speaker: Amanda Adams, Fractional CFO, CPA

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

Accounting Today

JULY 16, 2024

Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.

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CPA Practice

JULY 16, 2024

By Davis Bell. In business, as in life, change is the only true constant. From mitigating unprecedented business disruptors to adapting to new operational paradigms, professionals in all industries find themselves dealing with major changes — many of them driven by emerging technologies. [Go to Part II of this two-part series.] Accounting is no exception.

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CPA Practice

JULY 16, 2024

The American Institute of CPAs and the National Association of State Boards of Accountancy have expanded international testing availability of the U.S. CPA Exam to the Republic of the Philippines. Passing the Uniform CPA Examination is a prerequisite to becoming a licensed Certified Public Accountant (CPA) in the United States. With the increasing globalization of business, many people who live abroad are interested in obtaining the U.S. professional designation.

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Accounting Today

JULY 16, 2024

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.

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CPA Practice

JULY 16, 2024

The American Institute of CPAs has submitted a request to the Department of the Treasury and the Internal Revenue Service (IRS) to clarify the instructions of Form 4626, Alternative Minimum Tax—Corporations , to allow corporations already identified as “applicable corporations” to skip Part V of the form. The current filing requirement to complete Part V represents a substantial compliance and administrative burden for taxpayers, and the information included in Part V does not appear to provide

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cpas Tax 118

Accounting Today

JULY 16, 2024

The Big Four firm netted the most new SEC audit clients in the first quarter, followed closely by Deloitte.

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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

CPA Practice

JULY 16, 2024

This webinar will be held on Tuesday, August 6, 2024 at 1:00pm ET Sponsor: Canopy Software Duration: 1 Hour Register Now This webinar, featuring Darren Root and John Mitchell, long-time accounting profession leaders, will give easy-to-implement guidance around how to build your accounting firm to support the life you want to live.In this webinar, you’ll learn: How to remove friction from your processes How to simplify your firm to focus on the areas that are most profitable and that you enjoy

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Indiana Non-Profits CPA Illinois 111

Insightful Accountant

JULY 16, 2024

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention and proactive planning, and Section 199A is no exception.

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Tax 98

CPA Practice

JULY 16, 2024

Professionals on the Move is a round-up of recent staffing and promotion announcements from around the profession. CLA Appoints New Chief Data Officer and Chief Financial Officer CLA (CliftonLarsonAllen LLP), the eighth-largest accounting firm in the United States, announced that Ray Price, Jr. has joined the firm as its Chief Financial Officer (CFO) and that Spencer Lourens has advanced to the newly created Chief Data Officer (CDO) role.

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Accounting Today

JULY 16, 2024

A roundup of the most important court cases, regulations and more in tax for the first six months of the year.

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Tax 126

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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

CPA Practice

JULY 16, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has launched new of out-of-the-box, self-assessment tools that enable internal auditors to easily assess and streamline conformance with the new Institute of Internal Auditors (IIA) Global Internal Audit Standards that go into effect January 9th, 2025. These new capabilities are immediately available within AuditBoard’s top-rated Audit Management Solution, which benefits from the powerful and proprieta

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AccountingDepartment

JULY 16, 2024

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

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accountant Account accounted accounting and finance 82

CPA Practice

JULY 16, 2024

Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Money Magnets Club to its Purple Paladin program. Through the program, Grant Thornton helps emerging nonprofit organizations move from “start-up to unstoppable” and provides funding, business advice and volunteer support, while also helping nonprofits raise awareness of their work and mission.

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Accounting Today

JULY 16, 2024

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

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auditor audit accountant accounted 84

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

JULY 16, 2024

Data released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation Chief Economist Jack Kleinhenz said. “The path of household spending remains difficult to read,” Kleinhenz said. “Spending has been uneven but remains in good condition notwithstanding the slower pace of payrolls, subdued consumer confidence and price deflation for retail goods.

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Going Concern

JULY 16, 2024

In an exclusive, Reuters is reporting this morning that PwC China might cut as much as half of its 2,000-person financial services audit group. “The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group which, in turn, triggered the exit of some clients,” wrote Julie Zhu.

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audit auditor accountant Account 73

Cherry Bekaert

JULY 16, 2024

In the second episode of Cherry Bekaert’s Operational Effectiveness podcast series, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Todd Angioli, a Director in the Firm’s Government Contracting practice with 20+ years of financial operations experience. Together, Eric and Todd discuss mid-year considerations when budgeting and forecasting.

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Government 64

Anders CPA

JULY 16, 2024

Keeping your not-for-profit on mission depends on your organization’s ability to overcome the riskier areas in compliance: donor restrictions and board-designated net assets, Form 990, and governance policies including gift acceptance policies. Failure to adhere to these policies and best practices can result in consequences such as damage to your organization’s reputation, increased scrutiny from regulatory bodies and possibly even legal worries.

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Legal Government Construction CPA 59

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

Menzies

JULY 16, 2024

Menzies LLP - A leading chartered accountancy firm. Summary As an update to the article dated 8 December 2023, the UK is planning to introduce its own version of the CBAM, which has some differences to the EU model and so will affect more businesses, where it widens the impact on the supply chain. In December 2023, the government published a factsheet summarising the UK CBAM, confirming that it intends to implement in the UK by January 2027, the design and delivery being subject to a consultatio

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Manufacturing chartered accountant Transportation accounting firms 59

Insightful Accountant

JULY 16, 2024

Intuit is hiking the cost of its QuickBooks Payments processing as of August 15, 2024. This price change only impacts Intuit customers processing 'payment card' transactions using QuickBooks Payments.

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quickbooks 52

CPA Practice

JULY 16, 2024

Almost half (47%) of U.S. organizations report that their salary budgets for the 2024 cycle are lower than the previous year, as the overall median pay raise for 2024 fell to 4.1%, compared with 4.5% in 2023. That’s according to the latest Salary Budget Planning Report by WTW, a leading global advisory, broking and solutions company. The report found employers are being more conservative with their salary budgets as they anticipate lower demand resulting in longer-term stability in their employe

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payroll 52

CTP

JULY 16, 2024

As tax planner, you have frequent conversations with clients about possible tax strategies and strive to provide reliable advice in response to their questions. At what point do you begin to document that advice in writing? If the answer is “never,” we have trouble brewing. If the answer is more like “as soon as I get to it,” you may still be opening yourself up to more risk than you realize.

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tax planning Tax Legal financial statements 52

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

CPA Practice

JULY 16, 2024

By Davis Bell. In Part I of this series , I defined what the term pivot strategy means in the context of an accounting practice: “A pivot is the action that is at the center of any “change management” initiative. I also noted that while the accounting profession has embraced the concept of change management, strategies for successfully using a pivot strategy to accomplish them are less widely seen.

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Technology accounting firms accountant Account 52

ThomsonReuters

JULY 16, 2024

Jump to: What are the hidden costs of inefficient data collection? 3 practical steps to improve data collection processes What are the benefits of streamlined data collection? Tips for training staff Are you ready to stop chasing client data? If you’re an accountant, you know that time is money. However, many accounting firms find themselves caught in a continuous chase for client data.

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CPA Practice

JULY 16, 2024

SmartVault, a provider of cloud-based document management, and Liscio, a client experience app, have announced a strategic integration that frees accounting firms from outdated, all-in-one solutions. This partnership empowers firms to build modern, customized tech stacks based on their unique needs, eliminating reliance on a single ecosystem dictated by tax software.

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ThomsonReuters

JULY 16, 2024

On June 25, 2024, Jonathan A. Siegel, Principal at Jackson Lewis Orange County, delivered a presentation at the annual Society for Human Resource Management (SHRM) conference in Chicago, providing valuable insights into the latest developments in labor and employment law in California. The presentation covered numerous recent and upcoming legal updates affecting California employers in 2024 through 2025, including reforms to PAGA litigation, increased wage theft enforcement, paid sick leave poli

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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.