Going Concern

APRIL 19, 2024

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a bunch of them are hesitant to move to the cloud. In 2024. The survey of decision makers and influencers at accounting, tax and bookkeeping firms revealed that nearly 60 percent of respondents identified their firms as slow adopters of new technologies like AI.

accounting firms 122

accounting firms Technology Account accounted 122

Accounting Today

APRIL 19, 2024

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

Tax 135

Tax 135

CPA Practice

APRIL 19, 2024

Forbes this week released its inaugural list of America’s Top 200 CPAs , nine of whom were recently recognized by CPA Practice Advisor. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations. Those candidates were then evaluated and graded on the following criteria: Certifications and credentials Years of experience Industry specialization Professional achievements Community involvement Thought leadership

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cpas CPA Management Consulting tax return 105

Accounting Today

APRIL 19, 2024

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

auditor 133

auditor cpas audit 133

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

Randal DeHart

APRIL 19, 2024

If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. We often get into business because we love a product or service we want to provide, but it's less common that we love managing the financial aspects of our business. As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals.

Construction 87

Construction Finance 87

Accounting Today

APRIL 19, 2024

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

Tax 102

Tax payroll tax payroll 102

Accounting Today

APRIL 19, 2024

Advisory as a replacement requires the biggest leap: Firms have to cut the cord tethering them to the compliance work of old.

Management Consulting 98

Management Consulting accounting firms Account accountant 98

CPA Practice

APRIL 19, 2024

A Top Technology Initiative Article By Randy Johnston. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

Technology 72

Technology cpa firm Non-Profits CPA 72

Accounting Today

APRIL 19, 2024

After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.

CPA 94

CPA Tax 94

CPA Practice

APRIL 19, 2024

The IRS on Friday posted on its website the highly anticipated draft Form 1099-DA , a new tax form that cryptocurrency brokers will begin using next year to report digital asset transactions. The tax agency teased the forthcoming tax form last August when it issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers.

tax return 69

tax return Tax Sales CPA 69

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

Accounting Today

APRIL 19, 2024

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

tax preparation 94

tax preparation Tax 94

CPA Practice

APRIL 19, 2024

By Gail Cole One of the most effective ways for an accounting practice to increase revenue and promote client satisfaction is to offer additional services that are essential to client compliance and success. While tax automation tools have reduced the need for many manual accounting tasks, there’s growing demand for accounting professionals to offer client advisory services (CAS).

Technology 69

Technology Tax audit Account 69

Accounting Today

APRIL 19, 2024

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

Technology 92

Technology Account accounted accountant 92

CPA Practice

APRIL 19, 2024

By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. Maria Reich, 45, former president of On Call Accountants, pleaded guilty in U.S. District Court in Norfolk to eight counts of wire fraud as part of a plea agreement with prosecutors.

Virginia 59

Virginia Account accounted accountant 59

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

Accounting Today

APRIL 19, 2024

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

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audit Real Estate Account accounted 81

Ryan Lazanis

APRIL 19, 2024

Are you considering acquiring an accounting firm? Learn all you need to know about buying an accounting practice by checking out this post. The post Buying an Accounting Practice: The Complete Guide appeared first on Future Firm.

Account 52

Account accounted accountant accounting firms 52

Accounting Today

APRIL 19, 2024

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

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Accounting Insight

APRIL 19, 2024

Learn more about Xbert, first-time exhibitors at Accountex London… What do Xbert do? XBert is an AI-Powered Work Intelligence system that monitors both the data quality in Xero QBO Myob data entry and your teams workflow, ensuring team efficiency and accuracy. Practice Analytics to onboard and price clients, and to understand ledgers under management.

bookkeeping 52

bookkeeping audit Gaming accounted 52

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Accounting Today

APRIL 19, 2024

Remote partners bring many advantages, but firms do need a little more thought when it comes to managing them.

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Going Concern

APRIL 19, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

cpas 105

cpas accounting firms Account accounted 105

Accounting Today

APRIL 19, 2024

While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.

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accounted Account accountant 60

CPA Practice

APRIL 19, 2024

By Maya T. Prabhu, The Atlanta Journal-Constitution (TNS) More than 36,000 Georgians used a new “unborn dependents” deduction in 2022, lowering their taxable income by about $109 million, state officials say. The new deduction is the result of Georgia’s 2019 abortion law, which allows expectant parents to claim an embryo or fetus as a dependent on their taxes.

Georgia 111

Georgia Tax audit Washington 111

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Ronika Khanna CPA,CA

APRIL 19, 2024

Residents of Canada are required to reflect all sources of worldwide income on their personal tax returns. For most individuals, who have investments with Canadian based banks and brokerages, this is fairly straightforward as you will receive the relevant tax slips, usually by March 31st of the year following the end of the calendar year i.e. for the 2023 tax year, you should receive all investment related tax forms and slips by March 31st, 2024.

tax return 85

tax return Tax Real Estate accounting and finance 85

CPA Practice

APRIL 19, 2024

By Gail Cole. Online marketplace sales are expected to exceed $603 billion in the United States in 2027, or nearly 35% of all U.S. ecommerce. By 2027, marketplaces may account for 59% of ecommerce globally. Who wouldn’t want a piece of that pie? The success of online marketplaces is inspiring many retailers to operate marketplaces of their own.

Tax 59

Tax Wyoming Alaska Louisiana 59

Accounting Today

APRIL 19, 2024

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion.

Tax 80

Tax Manufacturing 80