Accounting Today
OCTOBER 28, 2024
Firms are increasingly turning to artificial intelligence to help with data management and security, but paradoxically, that technology can pose security risks of its own.
CPA Practice
OCTOBER 28, 2024
By Nellie Akalp. Whether due to a failure to file reports, pay taxes, or meet regulatory obligations, there may be a time when a company falls into bad standing. When this occurs, dissolution may be a solution. But it’s important to act quickly. With the end of the year fast approaching, it’s advisible to dissolve a client’s company as efficiently and as smoothly as possible.
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Accounting Today
OCTOBER 28, 2024
The woman-owned firm specializes in digital identity and access management solutions to provide cybersecurity for U.S. government clients.
CTP
OCTOBER 28, 2024
In recent years, tax planners have increasingly been recruited to work alongside family offices. If you’ve heard about this trend or received an invitation yourself, you may be wondering what exactly working with a family office would entail. First, let’s start with a simple definition of a family office: A family office is a specialized company that is focused on managing the wealth and the personal affairs of a family.
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.
Accounting Today
OCTOBER 28, 2024
Private equity comes with a great many questions; Bob Lewis offers answers and valuable advice for accountants looking at this major trend.
CPA Practice
OCTOBER 28, 2024
By Alessio Lolli. Budget season is in full swing, and this can be the most significant – and resource-intensive – period in the year for finance leaders and their teams. When kicking off the 2025 budgeting process, CFOs will need to revisit and pressure-test the scenarios, assumptions, and decisions that were employed for the previous year. While this is always the case, CFOs face a year of huge uncertainty, which may make this budget season a greater challenge – although there is also opportu
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 28, 2024
AICPA & CIMA will hold the thirteenth annual Women’s Global Leadership Summit from November 11-13 this year in the Seattle area, where attendees dedicated to advancing women in the profession will be inspired by trailblazing speakers, and participate in impactful sessions tailored to all career levels. Keynote speakers this year include: Vernice “FlyGirl” Armour , America’s first Black female combat pilot; Shayla Rivera , former NASA rocket scientist; and Bushra Amiwala , award-winning activ
Accounting Today
OCTOBER 28, 2024
ISO 42001 is a comprehensive framework concerning oversight of AI management systems in terms of security, ethics and accountability.
CPA Practice
OCTOBER 28, 2024
By Ken Berry, J.D. How can a business owner transfer shares in the business to the younger generation without giving up control over day-to-day decision-making? A family limited partnership (FLP) may do the trick and save estate tax to boot. However, as shown in a new case, Estate of Fields, TC Memo 2024-90, 9/26/24, there must be a legitimate transfer of business ownership.
Accounting Today
OCTOBER 28, 2024
The IRS is pushing back filing and payment deadlines for those impacted in Juneau.
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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.
CPA Practice
OCTOBER 28, 2024
Greensburg, IN-based accounting firm RBSK Partners has acquired fellow Indiana firm Hash CPA Group, based in Franklin. Financial terms of the deal weren’t disclosed. The integration process is currently underway, according to RBSK Partners, with a focus on ensuring a smooth and efficient transition for all clients. The combined firm will operate under the RBSK Partners name.
Accounting Today
OCTOBER 28, 2024
Tax season is about providing superior, high-value services to clients. That means doing everything necessary to make the experience working with you pleasant.
CPA Practice
OCTOBER 28, 2024
Thousands of small business technology experts, consultants and everyday Intuit users gathered at the Aria Casino and Resort in Las Vegas starting on Monday for Intuit Connect, the company’s annual user and advisor conference. Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. 2024.
Accounting Today
OCTOBER 28, 2024
Top 50 Firm Schellman recently became the first U.S. firm accredited to certify compliance with the new ISO 42001 AI management standard.
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.
Cherry Bekaert
OCTOBER 28, 2024
Contributors: Jeremy Lankster | Senior Manager, Risk Advisory Services & Julianna Casey | Manager, Risk Advisory Services While statistical model validations were once the domain of larger financial institutions, there has been a recent regulatory focus on periodic model validations for financial institutions both big and small. This change followed the 2021 release of the which intended to better align validations with anti-money laundering models.
Accounting Today
OCTOBER 28, 2024
Juan Dalmau has tapped into frustration with the island's two-party system by proposing broad tax and energy reforms.
CTP
OCTOBER 28, 2024
If you own a business, especially if that business has been successful and you intend to pass down ownership of that business to your children, you may want to familiarize yourself with the concept of a family office. A family office is a specialized company that’s focused on managing the wealth and the personal affairs of a family. Family office services are typically offered by large CPA firms and include financial advisory services and even tax planning services.
Cherry Bekaert
OCTOBER 28, 2024
In the wake of Hurricanes Helene and Milton, individuals and businesses are dealing with the aftermath. They are seeking ways to reduce financial impacts and recover. Understanding the available tax relief options is crucial. Both federal and state agencies have stepped up to offer essential guidance and support. IRS Disaster Relief The Internal Revenue Service (IRS) offers comprehensive tax relief to those affected by Hurricane Helene and Hurricane Milton across several states.
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.
Insightful Accountant
OCTOBER 28, 2024
More fun, excitement, information, excitement, connections, excitement, learning opportunities and excitement at this second day of Intuit Connect.
CPA Practice
OCTOBER 28, 2024
UHY International, a global network of accounting firms that includes Farmington Hills, MI-based UHY Advisors, a top 30 firm in the U.S., has launched a new brand identity—its first in two decades. “The new brand—which includes a far-reaching overhaul of every aspect of the brand’s look, feel, and messaging—reflects the network’s deeply interconnected, collaborative network of firms across nearly 100 different countries.
Insightful Accountant
OCTOBER 28, 2024
How do tax practitioners who don’t specialize in cyber security know how to handle and implement proper cyber security? As tax practices increasingly become targets for cybercriminals, practitioners must embrace cybersecurity.
CPA Practice
OCTOBER 28, 2024
EY US said on Oct. 28 that it has acquired Dignari, an Alexandria, VA-based woman-owned technology consulting firm specializing in digital identity and access management (IAM) solutions. Financial terms of the deal weren’t disclosed. Dignari is now known as EY Dignari, according to the company’s website. Dignari’s 300-strong workforce utilizes innovation at scale and data-driven strategies to advise U.S. government clients.
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.
Menzies
OCTOBER 28, 2024
Menzies LLP - A leading chartered accountancy firm. With the Autumn Budget coming up on 30 th October, rumours are circulating regarding what might change for taxpayers, but what does that mean for crypto owners? An increase to capital gains tax? In their manifesto Labour promised not to raise income taxes, so we can reasonably expect the Government will be targeting other taxes in order to help raise funds to cover the so-called £20bn ‘black hole’.
CPA Practice
OCTOBER 28, 2024
By Roman Kepczyk, CPA.CITP, CGMA. During this brief remaining period before the holiday seasons begin, we accountants set our sights on preparing for 2025 and those things we need to think about incorporating into next year’s strategic plans. While much of the focus will be on staffing and preparing for year-end/busy season, I feel it imperative to consider the underlying technologies that can be fine-tuned for a tax season.
Going Concern
OCTOBER 28, 2024
Hi! I heard you like news with your Monday morning coffee, here you go. People Management discusses the recent CPE debacle at EY that led to people losing their jobs. “Given EY’s history with professional training cheating, it’s understandable that they’re taking a firmer approach to personal development,” Martin Drake, director at Higher, told People Management.
Withum
OCTOBER 28, 2024
In the rapidly evolving landscape of legal technology, AI in law firms is becoming increasingly prevalent. A recent article from Bloomberg Law highlights the potential of AI to transform legal workflows through a hybrid approach that melds human and machine intelligence. However, as law firms explore the integration of artificial intelligence, particularly generative AI, to enhance their practice, it’s crucial to understand both the potential benefits and associated risks.
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
Going Concern
OCTOBER 28, 2024
In September, Wall Street Journal was first to report that PwC planned to cut 1800 people — about 2.5% of the workforce — in October. As prophesied, layoffs began the week of October 7th. On October 5, the tropical storm soon-to-be-called Hurricane Milton formed in the Gulf of Mexico and by Monday, October 7 became a Category 5 hurricane with winds of 180 mph.
Anders CPA
OCTOBER 28, 2024
The Internal Revenue Service (IRS) has released its annual inflation adjustments for tax year 2025. Detailed information about the adjustments and changes to the over 60 tax provisions impacting taxpayers can be found in Revenue Procedure 2024-40. The adjustments described below generally apply to income tax returns that will be filed in 2026 for tax year 2025.
Withum
OCTOBER 28, 2024
Download a PDF of this case study. Executive Summary A self-administered multiemployer fund engaged Withum’s Cybersecurity team to evaluate its existing cybersecurity policies. Withum conducted a thorough review of its written information security program, performed vulnerability scans, and executed both internal and external penetration tests. This comprehensive approach identified potential vulnerabilities and provided actionable recommendations for remediation.
Accounting Today
OCTOBER 28, 2024
It's the latest in a series of tax breaks announced by the Republican nominee with the election only about a week away.
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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.
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