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.
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.
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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.
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.
Advertiser: Paycor
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!
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
The woman-owned firm specializes in digital identity and access management solutions to provide cybersecurity for U.S. government clients.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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
Low interest-rate yields, minimum-asset requirements for investing and higher fees brought lower grades for most of the firms reviewed in an annual study.
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.
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.
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
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
ISO 42001 is a comprehensive framework concerning oversight of AI management systems in terms of security, ethics and accountability.
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.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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
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.
Withum
OCTOBER 28, 2024
Withum is proud to announce that it hosted the 12th Annual Golf Tournament in the picturesque American Canyon, CA on September 20th, 2024. The event brought together clients, partners and friends of the firm for a day of spirited competition and camaraderie. Additionally, it served as a fundraiser for No Kid Hungry , a national campaign run by Share Our Strength , a nonprofit dedicated to addressing hunger and poverty issues in communities around the country, including the Greater Bay Area.
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.
Accounting Today
OCTOBER 28, 2024
The IRS is pushing back filing and payment deadlines for those impacted in Juneau.
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Insightful Accountant
OCTOBER 28, 2024
More fun, excitement, information, excitement, connections, excitement, learning opportunities and excitement at this second day of Intuit Connect.
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.
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.
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