Wed.Oct 18, 2023

article thumbnail

IRS questions security of planned ID verification system

Accounting Today

The service has faced challenges in transitioning the system it uses for authenticating the identities of taxpayers and tax professionals.

Tax 134
article thumbnail

Ensuring Success 2023 Sessions Announced: Earn 14 Hours of CPE in Two Days

CPA Practice

The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. Earn up to 14 hours of free CPE during this 2-day annual, virtual conference. Register now and mark your calendar for Ensuring Success, to ensure you meet your year-end CPE requirements. This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office.

Education 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top-earning men see wage growth longer than others

Accounting Today

The researcher sourced data from IRS tax forms to track wages for men between the ages of 25 to 55.

Tax 126
article thumbnail

Who Had ‘Do More Fraud’ on Their Things That Could Save the Accounting Profession Bingo Card?

Going Concern

When a tipster sent this over yesterday it seemed obvious prior to clicking the link they were joking when they suggested that “people exposed to fraud have a modest increase in joining the accounting profession.” Surely that had to be a joke about professors always spouting how great it is to work at Big 4. But no, that’s actually what the research in “ Externalities of Financial Statement Fraud on the Incoming Accounting Labor Force ,” published in the Journal of

Account 116
article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

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

article thumbnail

PwC partners with ChatGPT creator OpenAI

Accounting Today

The accounting firm will use artificial intelligence to consult on complex matters in tax, legal and human resources.

Legal 124
article thumbnail

Oracle NetSuite Introduces Enterprise Performance Management

Insightful Accountant

NetSuite's newly unveiled Enterprise Performance Management will help finance leaders increase productivity, efficiency and profitability.

NetSuite 111

More Trending

article thumbnail

Reckon’s partner of the year, Clayton Oates, talks partnerships and the importance of creating value

Reckon

This week we sat down to have a chat with Reckon’s partner of the year, Clayton Oates. Clayton is the founder of QA Business , a leading accounting professional and a prolific keynote speaker. Focused on educating other accounting professionals and adept at building partnerships, we wanted to hear Clayton’s thoughts on how to foster great professional networks and how he views the technological future of accounting.

article thumbnail

Retail Sales Grew in September, But Core Year-Over-Year Gains Are Slowing

CPA Practice

Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the National Retail Federation. “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” NRF President and CEO Matthew Shay said.

Retail 110
article thumbnail

Withum Wealth Management Named to Forbes’s Top RIA Firms List

Withum

Withum is proud to share that Withum Wealth Management (WWM) was honored by Forbes on its annual SHOOK Top RIA Firms List. Compiled by SHOOK Research, the world’s only advisor research firm in the world with a specialty in quality, the list is an annual ranking of registered investment advisory firms that provide reliable, trusted service for clients and have a talent for preserving wealth in the long term.

105
105
article thumbnail

5 Common Ways That Legacy Technology Puts Your Firm at Risk

CPA Practice

By Shane Westra. While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes. It’s easy to understand why many accounting firms have not been focused on evolving the technology they use, especially when faced with the ongoing compliance, client, and workload demands.

article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

article thumbnail

EY Expects Its People to Build a Better Working World Together In Person Up to 60% of the Time

Going Concern

While none of us read HR Brew they interviewed Frank Giampietro, chief well-being officer for the Americas, about EY’s return-to-office expectations so guess we’re reading them today. Firms’ attitudes toward remote and hybrid work have changed quite a bit since PwC proudly announced all 40,000 U.S. client services employees can work virtually and live anywhere they want in perpetuity two years ago so it’s good to find out what the firms are doing with RTO from time to tim

article thumbnail

It’s Time for Your Clients to Tackle Meeting Minutes

CPA Practice

By Nellie Akalp. Accountants are crucial for guiding clients through the various financial and administrative aspects of running a business. Tasks like meeting minutes might not be the most exciting part of running a business, but they are crucial for ensuring transparency, accountability, and legal compliance. As the year-end approaches, your business clients must ensure they have taken proper meeting minutes.

Legal 106
article thumbnail

3 common cybersecurity mistakes accountants make

Accounting Today

Firms don't always make the best decisions when it comes to locking down the data that resides in their applications.

Account 101
article thumbnail

Special Report: Technology Innovation Awards 2023

CPA Practice

In just a year, the promise of artificial intelligence has grown from a topic of science fiction movies into practical business applications. From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting, and many other areas of operations.

article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

How intelligent automation is driving a digital accounting revolution

Accounting Today

As your IA practice advances, the scope of automation expands considerably.

article thumbnail

Bloomberg Tax AI Lab Enables AI Functions for Bloomberg Tax Research

CPA Practice

Bloomberg Tax & Accounting has launched its new AI Lab to enhance the Bloomberg Tax Research experience. The new Bloomberg Tax AI Lab offers customers the option of testing new AI-driven tools, beginning with an enhanced search experience using AI functionality. The first enhancement included in Bloomberg Tax AI Lab is a question and answer service, combining Bloomberg Tax Research with a large language model (LLM) to produce an AI-generated summary response.

Tax 96
article thumbnail

Generative AI use growing for both business and consumers

Accounting Today

The rising popularity and use of generative AI since it recently exploded on the scene has not abated. Indeed, recent polls show it is rising.

Finance 91
article thumbnail

Why Use a Value Added Reseller (VAR)? Benefits for Organizations

Cherry Bekaert

“A value-added reseller (VAR) is a business that specializes in offering supplier software and technologies which may be coupled with integrations and services to enhance a product offering to its customers.” Why Consider a Value-Added Reseller (VAR) The concept of using a VAR to purchase software and hardware can sometimes be confusing for organizations.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

article thumbnail

5 Crucial Components Your ERP System Should Include

AccountingDepartment

Enterprise resource planning (ERP) systems are instrumental in helping businesses achieve optimal efficiency. By integrating various essential business functions into a unified platform, ERP systems provide a real-time overview of the business while supporting day-to-day operations and workflows.

article thumbnail

Right Networks rebrands to Rightworks

Accounting Today

Right Networks, an accounting-centered cloud solutions provider, has changed its name to Rightworks.

article thumbnail

Right Networks Rebrands as Rightworks, Unveils Improved and Unified Experience for Accounting Firms

CPA Practice

Right Networks has rebranded as Rightworks, and announced a platform launch to offer the only intelligent cloud purpose-built for accounting firms and professionals. The new brand unifies accounting profession staples—Right Networks, Rootworks and Transaction Pro. Now, Rightworks combines best-in-class technology, thought leadership and community engagement tools to create a unique offering that enables accounting firms and professionals to build modern, sustainable and profitable businesses.

article thumbnail

Vendor Spotlight: Unit4

Accounting Today

In this week's Vendor Spotlight, we talk to CEO Mike Ettling from ERP solutions provider Unit4.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

IRIS Software Group appoints new Managing Director for Accounting to drive industry-leading cloud platform, IRIS Elements

Accounting Insight

IRIS Software Group (IRIS), is today announcing the appointment of Mark Chambers as the new Managing Director (MD) for Accountancy, with a focus on the adoption and support for the industry-leading accountancy cloud platform, IRIS Elements. Chambers will use his extensive digital transformation and Software-as-a-Service (SaaS) experience to help customers unlock new IRIS Elements capabilities and explore advisory opportunities.

Account 64
article thumbnail

The 10 Trickiest States for Sales Tax Filing

CPA Practice

By Gail Cole. Sometimes the most difficult tasks in life are the most rewarding, and sometimes they’re simply the most difficult. With sales tax compliance, it’s the latter. The fact is, not all states are equal when it comes to sales tax filing and remittance. For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others.

Sales 59
article thumbnail

5 Ways Outsourced Accounting Can Help Property Developers and Managers

Insightful Accountant

The Bonadio Group's Cheryl Prout discusses why property developers and managers can benefit from outsourced accounting.

Account 59
article thumbnail

5 States with the Lowest Combined Business Taxes

CPA Practice

By Dawn Moser. Are you an entrepreneur looking to establish a new business? One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. Therefore, it’s important to explore states with the lowest taxes for businesses in order to make an informed decision that aligns your total tax burden with your financial goals and objectives.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Reduce Financial and Digital Clutter

Withum

We are sometimes overwhelmed with clutter. Sometimes paper and, more lately, digital. The difference is that you can see the piles of paper while the digital clutter lurks in your computer. No matter what we do, it seems to grow and grow and grow. This can not only cost time and money but can set traps for you that could become quite costly, rob you of funds and cause countless added time to straighten out.

article thumbnail

A RECAP of the New Eligibility for Student Loan Forgiveness for Physicians Working in Non-Profit Hospitals

LSLCPAs

To save you time, we have recapped below some key provisions of the latest Public Service Loan Forgiveness program dated 9/18/23. We encourage you to read the online information sheet from the California Medical Association for details. We also urge you to continue to check the most up-to-date version at cmadocs.org/pslf, as the CMA will add material as.

article thumbnail

Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now

Withum

“Those who fail to plan, plan to fail.” These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. Interest Limitations Under Section 163(j) With record profits, reduced inventory, and favorable add-backs (depreciation and amortization until 12/31/2021), most dealerships have not

Tax 59
article thumbnail

Xerocon Nashville 2024

Insightful Accountant

Get ready to two step, because Xerocon is headed to Nashville!

52
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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