Tue.Aug 06, 2024

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Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

Account 86
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Fifth Circuit Court of Appeals Declares FCC’s Universal Service Fee Unconstitutional | TaxConnex

TaxConnex

Certain excerpts pulled from The CommLaw’s Client Advisory found here: [link] On July 24, 2024, the en banc Fifth Circuit Court of Appeals issued its ruling in the Consumers’ Research v. FCC case declaring the Federal Communications Commission’s (FCC) Universal Service Fee (USF) to be unconstitutional. The court found that the structure and application of the USF, managed by the Universal Service Administrative Company (USAC), violates the nondelegation doctrine and the Appointments Clause of th

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12 Common Startup Budgeting Mistakes to Avoid

BurklandAssociates

Don’t let these common startup budgeting blunders hold your business back from reaching its potential. The post 12 Common Startup Budgeting Mistakes to Avoid appeared first on Burkland.

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Accounting talent shortage worsens

Accounting Today

As the pipeline dries up, 83% of senior leaders report a talent shortage this year, up from 70% in 2022, with 10% this year saying it's worsening.

Account 126
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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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Luxury Home Values are Rising Faster than Average Homes for First Time in Years

CPA Practice

Luxury home value growth, which has consistently lagged the market’s middle tier over the past several years, has now outpaced appreciation on typical homes for five consecutive months, a new Zillow analysis shows. The typical luxury home nationwide — defined for this analysis as the most valuable 5% of homes in a given region — is worth about $1,620,000.

Oklahoma 111
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FASB releases 2024 Investor Outreach Report

Accounting Today

The document includes the top priorities outlined by investors.

More Trending

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Study finds accountants slow to adopt gen AI

Accounting Today

When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.

Account 99
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Professionals on the Move – Aug. 2024

CPA Practice

Professionals on the Move is a collection of recent staffing and promotion announcements from around the profession. Brown Plus Welcomes Four New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of four new team members: Michael Corona started with Brown Plus as an intern and is now an Audit Associate. He graduated from York College with a Bachelor’s degree in Accounting.

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Cherry Bekaert acquires Kerr Consulting

Accounting Today

Top 25 firm Cherry Bekaert announced its acquisition of accounting tech provider Kerr Consulting, becoming one of the largest Sage providers in the United States.

Account 75
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How Accounting Firms Can Build High-Performing Teams

CPA Practice

“Dream team.” It’s a phrase that gets thrown around a lot, evoking images of perfectly aligned, highly productive teams that effortlessly crush their goals. But in reality, building a high-performing team is far from a dream—it’s a challenging, complex process that requires strategic thinking, emotional intelligence, and a willingness to embrace unconventional approaches.

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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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Ex-Wirecard CFO charged in ongoing accounting scandal

Accounting Today

An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.

Account 72
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New York to Send Child Tax Credit to Recipients by Mail

CPA Practice

Robert Harding The Citizen, Auburn, N.Y. (TNS) More than 1 million New York families will begin receiving child tax credit checks this week. The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.

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TaxDome launches TaxDome AI for document management

Accounting Today

TaxDome announced the release of TaxDome AI, meant to facilitate document management tasks.

Tax 72
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CliftonLarsonAllen Gets to Brag About Coming in First in Something Again

Going Concern

If you are not one of the 55,000 regular readers of Construction Executive , you may not have heard that CliftonLarsonAllen (CLA) has been ranked by them as the number one construction accounting firm for an impressive fifth time. Can we talk about how Construction Executive trademarked the phrase “Top Construction Accounting Firms”? No?

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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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Boomer's Blueprint: Transactional + transformational growth

Accounting Today

Firm leaders face the twin challenges of managing current operations while positioning themselves for future growth.

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Warehouse Wednesday: Murph's Acumatica Intro

Insightful Accountant

Murph introduces you to Acumatica In-depth, which he will begin posting to "Be Insightful" Premium Content next week. This new multi-part series is one of several looking at various ERPs to which QuickBooks users may migrate.

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5 immediate red flags in an employee (when hiring new workers)

Reckon

As a small business owner, you’re only as successful as the talent you bring on board. So when it comes time to expand your business and hire new team members, you want to make sure you get it right. Whether you’re just looking over someone’s resume or things have already progressed to the interview stage, you’re going to encounter signs that a candidate might not be a good fit.

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Cherry Bekaert Acquires Kerr Consulting

Insightful Accountant

Cherry Bekaert, a U.S. assurance, tax, and advisory firm, has acquired top-tier accounting software provider Kerr Consulting.

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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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Cherry Bekaert Acquires Kerr Consulting

CPA Practice

Cherry Bekaert has acquired Kerr Consulting , a premiere business applications and cloud technology provider servicing clients across the United States. The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.

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QB Talks to feature 2024 ProAdvisor of the Year - Caleb Jenkins

Insightful Accountant

Caleb Jenkins, the 2024 ProAdvisor of the Year, will be among several of the 2024 ProAdvisor Award recipients at the August 21 edition of QB Talks. You shouldn't miss this opportunity to hear what it takes to be recognized within the Top 100.

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CohnReznick Forms Alliance with Tipalti

CPA Practice

CohnReznick LLP , one of the leading advisory, assurance, and tax firms in the United States, has announced that its Digital Advisory practice has formed an alliance with Tipalti , a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations. By leveraging the Tipalti platform, CohnReznick will help its clients employ accounts payable and mass payments automation, integrated and branded payee portals, and proactive fraud

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Essential HR Strategies For Accounting Professionals

Insightful Accountant

Michelle Leblanc shares the key strategies and pitfalls Accounting Professionals need to be aware of when running their firm or when consulting with their clients on related matters.

Account 52
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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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Provider

CPA Practice

Cherry Bekaert has acquired Kerr Consulting , a premiere business applications and cloud technology provider servicing clients across the United States. The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.

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Attract, Convert, and Scale Your Digital Agency

Summit CPA

We all know the accidental owner, but Jason Swenk’s break into the agency space has its own unique flavor: he created a parody website for a Justin-Timberlake look-alike friend, it took off, and the rest is history.

CPA 52
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TaxDome Launches Industry-First AI System to Transform Client Document Management in Time for Tax Season

CPA Practice

TaxDome , an award-winning premier practice management solution for tax professionals, bookkeepers and full-service accounting firms, has launched TaxDome AI, the first AI system for the profession designed to eliminate time-consuming document management. TaxDome AI completely automates repetitive manual workflows and provides practitioners with organized workpapers – all in time for tax season.

Tax 52
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Using Tax Credits to Strengthen Your Real Estate Equity Stack

Cherry Bekaert

In the past few years, the real estate industry has grappled with fluctuating demand, rising labor and material costs, and the impacts of a sluggish economy. While adaptation is key, real estate developers, investors and owners can proactively strengthen their equity stack, and lessen the blow of a fluctuating market, by taking advantage of tax credits and incentives.

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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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Patriot Software Deepens Foothold in the Competitive Payroll Software Market

Patriot Software

Canton, OH USA TODAY Blueprint has released its “Best Payroll Software in 2024” list and named Patriot Software the “Most Affordable Payroll Solution.” This honor exemplifies Patriot’s commitment to providing tremendous value to millions of American businesses.

payroll 52
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Navigating Change in the CPA Industry: A Guide for Tax Practice Leaders

Insightful Accountant

The landscape of the CPA industry is undergoing a seismic shift, presenting both challenges and opportunities for tax practice owners and managers. At the heart of this transformation lies the critical issue of talent acquisition and retention.

CPA 52
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How to Start a Private Medical Practice: A Comprehensive Guide and Checklist

Anders CPA

Starting a private medical practice takes time, effort and considerable preparation. Developing a comprehensive business plan and establishing an operating budget are the first steps, but there are dozens of other objectives to achieve before the doors of your new practice can open. Following a new practice checklist can help keep your operational goals stay on track and guide your decision-making process to ensure you’re prepared for your private practice journey.

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15 quick tips to grow and build your practice

Mark Lee

This week I am sharing with you 15 of the key points I referenced during a conversation with an accountant who wanted to know what they should be doing in year 3 of their newish practice. The advice I shared is of wider application so I hope you’ll find it helpful too. Background The accountant had booked a one-off focused mentoring call, having started their practice just before the pandemic.

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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.