Tue.Apr 23, 2024

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3 Common HR “Gotchas” That Could Get You During Due Diligence

BurklandAssociates

Many startup founders fail to realize that neglecting HR compliance can lead to significant red flags during investor due diligence. The post 3 Common HR “Gotchas” That Could Get You During Due Diligence appeared first on Burkland.

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Submissions open for 2024 Top Firms by AUM

Accounting Today

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

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Another Option for When Employee Bonuses Don’t Work

CPA Practice

From: Entrepreneurs’ Organization | Inc. [Via TNS.] By Kent Lewis, an Entrepreneurs’ Organization (EO) member in Portland, Oregon, is the founder of pdxMindShare , an online career community focused on Portland professionals: I recently shared a presentation on increasing employee engagement and retention by fostering a Culture of Caring with a group of Silicon Valley entrepreneurs.

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How to Succeed at AI Strategy and Implementation: The 5 Questions Every Company Needs Answered

Cherry Bekaert

Download Whitepaper The impact of artificial intelligence on how we live, work and do business has been undeniable for over a decade. Its practical applications range from suggesting the next sen­tence when crafting emails to producing lifelike animations, from enabling smart and interconnect­ed manufacturing robots to efficiently distribute workloads on assembly lines to predicting customers’ preferences or even helping land a plane.

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Building a Business Case for Finance Automation

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.

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ISSB to research nature and human capital risks, opportunities

Accounting Today

The research will focus on investor needs and build on relevant preexisting initiatives when possible.

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Withum Team Members Named Top 200 CPAs by Forbes

Withum

Withum is proud to share that Forbes has named four team members to its inaugural Top 200 CPAs List. Jim Bourke is the Managing Director of Withum’s Advisory Services practice. Forbes recognized him for his former board and leadership positions at both NJCPA and the AICPA. Jim was also recently recognized by Accounting Today on their list of Top 100 Influential People in Accounting.

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More Trending

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The Top 25 Up-n-Coming ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 25 Up-n-Coming ProAdvisors. Congratulations to all being recognized as this year's award recipients.

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Three in Four Family Businesses Expect to Grow This Year

CPA Practice

By Sarah Lynch, Inc. (TNS) Family businesses are gearing up for growth. Seventy-four percent of U.S. family businesses are anticipating at least 10 percent growth this year, according to newly released data from Family Enterprise USA, a nonprofit and advocacy group that promotes family businesses. While the organization’s full report—the Annual Family Business Survey—has not yet been released, the organization shared that these growth expectations mark a “significant jump from the prior year.

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The PwC Partner Class Will Be Much Smaller This Year

Going Concern

Last week PwC announced it is “aligning its organizational structure across three lines of service— Assurance, Tax and Advisory—to better serve client needs, their buying patterns and the market” and now Wall Street Journal is saying the incoming consulting partner class will be much smaller than last year’s. Should we be worried? WSJ: PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for adv

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FTC Rule Bans Non-Compete Agreements

CPA Practice

The Federal Trade Commission has issued a final rule it says will promote competition by banning non-compete agreements nationwide, “protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” The FTC estimates that the final rule banning non-competes will lead to new business formation growing by 2.7% per year, resulting in more than 8,500 additional new businesses created each year.

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Fall In Love With the Month-End Close

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.

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Tragedy Strikes EY Partners’ Pockets

Going Concern

Reported on Friday, Sky News was tipped to a situation at EY UK that could not have been received well by the firm’s 930 equity partners: They won’t be getting record-smashing payouts this year. Stuart Gregory , EY UK & Ireland Managing Partner, Finance and Transformation, supposedly gave a presentation informing fellow partners that profit-per-partner could go down as much as 15 percent for this fiscal year ending June 30.

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Workforce Wednesday: QBO Expense Claims - Part 2

Insightful Accountant

In this edition of Workforce Wednesday, Murph finishes up his two-part mini-series on QBO Expense claims by inviting employees to submit expenses, capturing and submitting expense claims, and reviewing and approving expense claims.

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Tax Strategy: IRS loses on conservation easements ­­— for now

Accounting Today

The situation in the long term still looks favorable for the IRS: It now has specific authority to attack syndicated conservation easements that are too abusive.

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If You Missed the Federal Tax Filing Deadline, IRS Assistance is Available

Insightful Accountant

Missed the April tax deadline? File ASAP. IRS aids those unable to pay in full. File promptly if you owe to reduce penalties and interest.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Does a CPA really need to do it?

Accounting Today

Solve your talent woes by getting the right people doing the right work at the right time.

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75% of Mid-Market Companies Say They Will Invest in AI Over Next 5 Years

CPA Practice

While AI hasn’t been the top priority for the majority of mid-market businesses in the past, it will emerge as such over the next five years, with 75% of mid-market companies planning to invest in machine intelligence to improve efficiency. That’s according to a new survey of 256 C-suite, founders, and board of directors at mid-market companies by Wipfli LLP, a top 20 advisory and accounting firm.

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9 out 10 made at least one ransomware payment

Accounting Today

Not only are ransomware attacks growing dramatically, 90% of IT decision-makers have made at least one payment in the last year.

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Job Confidence Dips Among U.S. Workers

CPA Practice

By Sarah Lynch, Inc. (TNS) The U.S. jobs market remains strong , but workers aren’t feeling especially optimistic. Since the start of 2024, U.S. worker confidence in their ability to “get or hold a job right now” has taken a two-point dip, according to new data from LinkedIn’s ongoing Workforce Confidence survey, which records confidence scores on a scale from -100 to 100.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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The brave new world of taxing digital bundles

Accounting Today

How do you charge sales tax when different kinds of digital product are sold together?

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Everything you need to know about HMRC’s Making Tax Digital programme

Accounting Insight

The first pilot for the Making Tax Digital (MTD), Income Tax Self-Assessment (ITSA), begins on 22 April 2024. Here’s what businesses, landlords and accountants need to know, and how they can prepare for the upcoming changes. In the coming years, we’ll be stepping into a new era of tax filing, one marked by a shift from traditional paper-based processes to a digital-first approach.

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Former ADM CFO to resign after accounting probe

Accounting Today

Luthar, who was suspended in January, will be 'available to assist the company and provide transitional support' as a non-executive employee until Sept. 30.

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Minnesota Accounting Firm Joins CLA Global

CPA Practice

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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In the blogs: Back to the grind

Accounting Today

What to do next month; White House returns; taxing AI; and other highlights from our favorite tax bloggers.

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ADM Says Former CFO to Resign After Accounting Probe

CPA Practice

By Gerson Freitas Jr. and Tarso Veloso, Bloomberg News (TNS) Archer-Daniels-Midland Co. said former Chief Financial Officer Vikram Luthar, who was placed on leave earlier this year amid an accounting investigation, has agreed to resign effective Sept. 30. Luthar, who was suspended in January, will be “available to assist the Company and provide transitional support as needed” as a non-executive employee and continue to be paid his base salary, the crop trader said in a filing.

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IRSAC seeks nominations, establishes 'fairness' subcommittee

Accounting Today

The IRS Advisory Council is looking for new members, and help with fairness in tax administration.

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36% of Amercians Expect Debt when Planning Vacations

CPA Practice

By Katie Kelton Bankrate.com (via TNS) Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?A new Bankrate survey found that only about half (53%) of Americans are planning a summer vacation in 2024.

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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

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Boomer's Blueprint: Branding is important for CAS

Accounting Today

At its core, CAS/CAAS aims to transcend traditional transactional and compliance services, venturing into the realms of advisory and consulting.

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Home Sales Decline in March

CPA Practice

By Michael Sasso. Bloomberg News (via TNS) Sales of previously-owned homes in the U.S. fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. Contract closings decreased 4.3% from a month earlier to a 4.19 million annualized rate, according to National Association of Realtors data released Thursday.

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The Tipping Act – planning and technology are the key to being ready

Menzies

Menzies LLP - A leading chartered accountancy firm. New legislation to come in from 1st Oct The Department for Business & Trade published the Code of Practice on Tipping, setting out guidance on how tips can be distributed when the new law comes into place from 1st October , which is a three month delay from what we previously expected. You will now have longer to prepare for a transformative shift in the hospitality industry, as new legislation is set to revolutionise tip handling from this

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Walmart to Open More In-Store Medical Clinics

CPA Practice

By Maria Halkias. The Dallas Morning News (via TNS) Walmart, the largest U.S. employer with a workforce of 1.6 million, is slowly building a network of in-store clinics, believing it has a place in America’s health care system. Next week the largest U.S. retailer will open two health clinics in DeSoto and Fort Worth targeting seniors and families with services for comprehensive primary care, behavioral health and dental care.

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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.