Tue.Aug 06, 2024

article thumbnail

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.

article thumbnail

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

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

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.

article thumbnail

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.

article thumbnail

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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

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
article thumbnail

FASB releases 2024 Investor Outreach Report

Accounting Today

The document includes the top priorities outlined by investors.

More Trending

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

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

Xero Asia Awards 2024: Congratulations to our winners!

Xero

Our annual Xero Awards is a special night for us at Xero. It gives us an opportunity to show our appreciation and admiration for the many incredible accounting, bookkeeping and app partners in our community. This year is particularly special, with the extension of the Awards programme beyond Singapore to include partners across Asia. This inclusion reflects the enormous impact that our partners throughout the region have in uplifting Asia’s small business community and providing them with the ne

article thumbnail

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.

article thumbnail

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?

article thumbnail

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.

article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

52
article thumbnail

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.

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

article thumbnail

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.

article thumbnail

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

article thumbnail

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
article thumbnail

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.

article thumbnail

Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

article thumbnail

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.

article thumbnail

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
article thumbnail

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
article thumbnail

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
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

TaxDome launches TaxDome AI for document management

Accounting Today

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

Tax 72
article thumbnail

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.

article thumbnail

It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.