Accounting Today

APRIL 3, 2024

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

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CPA Practice

APRIL 3, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub.

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Accounting Today

APRIL 3, 2024

Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.

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Tax 124

Going Concern

APRIL 3, 2024

Remember a couple years back when people started talking about return-to-office and a year or so after that when Big 4 accountants everywhere asked how their firms could require them back in the office given so many of them had downsized office space during the pandemic? About that… FT : Deloitte has taken on extra office space in central London less than two years after making cutbacks, in an about-turn that indicates staff in professional services are returning to the workplace more regu

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Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

CPA Practice

APRIL 3, 2024

Intuit recently launched QuickBooks Line of Credit , giving small businesses a new way to access funding quickly—from $1,000 to $50,000—with loans issued by WebBank. With this new feature, small businesses can tap into funding when and how they need it, depending on their specific cash flow requirements, Intuit said in a news release. The line of credit is designed to provide small business owners with the ability to draw from their available credit limit to support business growth, pay expense

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quickbooks accounting and finance Finance Account 105

Going Concern

APRIL 3, 2024

With the 2024 filing season winding to a close, the IRS is rolling out its annual ‘Dirty Dozen’ list of the “worst of the worst” scams taxpayers, business owners, and tax practitioners should be aware of. The latter group is, of course, not paying attention right now but will no doubt find this information useful when they can finally pop their heads up to get some air (thoughts and prayers to you all).

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tax return Tax online accounting accounted 105

Withum

APRIL 3, 2024

Qualified plans remain one of the last, legitimate mechanisms for closely-held business owners to generate deductions. Even then, some closely-held business owners would like to generate more than a 401k or traditional pension plan may allow. What Are the Potential Benefits? Guaranteed retirement income All earnings tax deferred during accumulation Deductions in excess of $300,000 depending on demographics A valuable employee benefit Typically exempt from creditors Can still be deducted in the 2

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income tax Tax tax return 98

Insightful Accountant

APRIL 3, 2024

Tax practice owners must prioritize compliance for their own firm, not just for clients. Neglecting internal compliance can lead to costly mistakes and damage the firm's financial health and reputation.

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Tax 97

AccountingDepartment

APRIL 3, 2024

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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accounting and finance Finance Account accounted 83

Accounting Today

APRIL 3, 2024

Starting a podcast is an investment, but it also has a very high potential upside for accountants.

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accounted Account accountant 80

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

CPA Practice

APRIL 3, 2024

Accounting software company Botkeeper has released its Botkeeper Infinite solution, which helps to streamline automated bookkeeping and back-office accounting for firms of all sizes without the need for outsourcing. Botkeeper heralds Infinite as a “complete solution” for firms’ bookkeeping needs. It brings together the technology, people, and processes needed to maximize capacity and streamline practices for ultimate efficiency.

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Technology general ledger bookkeeping accounting software 64

Accounting Today

APRIL 3, 2024

It was the first hiring increase so far this year, according to Paychex, though it remained below pre-pandemic levels.

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payroll Account accountant accounted 75

CPA Practice

APRIL 3, 2024

Hiring by small businesses increased slightly in March, while hourly earnings growth for workers at companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, according to Paychex’s latest jobs and wage report. According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85—the first increase year-to-date—but remained below pre-pandemic levels for the first three months of 2024.

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Indiana Healthcare Manufacturing payroll 64

Shay CPA

APRIL 3, 2024

‘Tis the season. As the days get longer and the weather gets warmer, it’s time to undertake the annual chore of spring cleaning. This doesn’t just apply to your abode. Employing a spring-cleaning mentality at your startup — especially when it comes to your books — can do a lot to help you thrive in the rest of 2024 and beyond. Giving your bookkeeping a spring clean could be the key that unlocks success in your next rounds of fundraising.

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bookkeeping Finance accounting and finance accounting principles 59

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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CPA Practice

APRIL 3, 2024

Business planning software provider Vena is bringing generative artificial intelligence capabilities to financial planning and analysis (FP&A) teams with its latest offering, Vena Copilot. Vena Copilot for FP&A combines Vena’s FP&A expertise with Microsoft Azure OpenAI Service large language models, including GPT-4, to help FP&A teams and their collaborators increase productivity, operational efficiency, and business agility so they can focus on driving strategic impact, the Alba

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Gaming 59

Withum

APRIL 3, 2024

Over the past 50 years, Withum has grown from a small, six-person New Jersey office to a top national firm with over 2500 team members across the United States and overseas. Withum teams have seen the rise and fall of disco, beepers, scrunchies, Y2K, Blackberry phones, moving to the cloud, the AI-craze and everything in between. The year-long celebration of this milestone kicked off this January at Withum’s annual State of the Firm event at NJPAC in Newark, NJ.

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New Jersey auditor New York payroll 52

FraudFiles

APRIL 3, 2024

A question often comes up relative to the lifestyle analysis in divorce cases: Isn't is just data entry that anyone could do? Why do I need a forensic accounting expert? As I explain below, the lifestyle analysis is NOT just a data entry exercise. A level of quality control is necessary in order to ensure [.

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forensic accounting accounted Account accountant 52

Cherry Bekaert

APRIL 3, 2024

Contributor: Lee Dodson , Tax Senior Manager Today’s business environment is difficult to navigate when considering the higher interest rates, whose effects trickle throughout the economy. Due to changing interest rates and lower occupancy rates, real estate owners may struggle to meet their debt service coverage needs. In this article, we will seek to understand the tax implications of debt forgiveness through a debt restructure or foreclosure and suggest some potential solutions to avoid incur

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Real Estate Tax income tax Construction 52

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Accounting Insight

APRIL 3, 2024

Artificial Intelligence (AI) has certainly made its mark across a number of industries and the accountancy & finance sector is no stranger to the rapid advancements taking place. If used responsibly, AI serves as a powerful tool to aid Accountants, streamline their workload, improve accuracy and help them work smarter. Accountancy and finance recruitment specialists, Spencer Clarke Group , have witnessed firsthand how Artificial Intelligence is helping accountancy professionals refine their

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Account accounted accountant Technology 52

Cherry Bekaert

APRIL 3, 2024

Many technology companies reap the benefits of hiring consultants or long-term employees outside the U.S., such as experiencing greater efficiency and expanding their global reach. However, if company leadership isn’t careful in planning, structuring and reporting, serious tax issues could arise. In our latest podcast for technology companies, we cover key missteps to avoid when it comes to hiring, contracting or using third parties abroad.

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Technology tax planning Tax 52

Dent Moses

APRIL 3, 2024

Expense reimbursement remains a significant challenge for many businesses in the accounting landscape. Manual processes often lead to errors, delays, and employee dissatisfaction. To address these issues, businesses are increasingly turning to software solutions that streamline the reimbursement process and enhance accuracy and efficiency. Expense reimbursement problems are commonly rooted in paper-based systems, which result in lost receipts, data entry errors, and delayed approvals.

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Expense Reimbursements Technology Approval Workflows accounting and finance 52

Insightful Accountant

APRIL 3, 2024

In this episode of Accounting Insiders, Gary DeHart and Jeremy Clopton from Upstream Academy discuss consulting for accounting firms, emphasizing leadership and vision strategy.

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accounting firms Account accounted accountant 52

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Summit CPA

APRIL 3, 2024

Agency owners often get to a point where they become stuck. Maybe they've been growing for a while and they've hit a plateau. Maybe they're still growing, but their day-to-day is out of control. Or as one of my clients said: “It's hard to think about what you'll cook for dinner when you've got a knife stuck in your leg.

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Anders CPA

APRIL 3, 2024

In this episode, Guillermo is joined by Seth Yakatan of Katan Associates for a freewheeling conversation. They discuss Seth’s insights into the world of cannabis financing, different kinds of capital available to cannabis businesses, and the six distinct business models that have the potential to generate revenue in today’s market. Seth discusses what he considers the top players in the cannabis industry, analyzes the Trulieve tax refund bombshell, and offers predictions for the year

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California CPA Tax Finance 52

Canopy Accounting

APRIL 3, 2024

Integrating Artificial Intelligence (AI) into the accounting sector has been a game-changer, offering unprecedented efficiency improvements and accuracy levels. However, while AI has significantly advanced, it’s essential to recognize its capabilities and limitations within this industry.

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Account accounted accountant Gaming 52

Ryan Lazanis

APRIL 3, 2024

When I was running Xen Accounting, I also had my fair share of mistakes. Check out these mistakes and what should I have done instead. The post 5 Naive Mistakes I Made As A Firm Owner appeared first on Future Firm.

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Account accounted accountant 52

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

CPA Practice

APRIL 3, 2024

By Jarrell Dillard, Bloomberg News (TNS) U.S. companies boosted hiring last month by the most since July in a broad advance and some wage gains accelerated, pointing to solid demand for workers. Private payrolls increased 184,000 in March after an upwardly revised 155,000 gain a month earlier, according to figures published Wednesday by the ADP Research Institute in collaboration with Stanford Digital Economy Lab.

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Construction payroll Hospitality Transportation 52

Accounting Today

APRIL 3, 2024

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

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CPA Practice

APRIL 3, 2024

Top 30 accounting firm Sikich has entered into a partnership with Symphony Talent to assist with implementation and support services for the company’s software-as-a-service (SaaS) product, SFX. Symphony Talent is a full-funnel talent acquisition platform and brand services provider that helps talent acquisition teams automate tasks and empower innovative candidate interactions.

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Technology cpa firm payroll CPA 52

CPA Practice

APRIL 3, 2024

By Chloe Hilles, Lake County News-Sun, Lake County, Ill. (TNS) The IRS is seeking $2.7 billion from Walgreens Boots Alliance for unpaid taxes due to alleged issues over transfer pricing, after several years of audits. The pharmacy chain, headquartered in Deerfield, IL, said it disagrees with the audit and plans to “vigorously defend” its position in appeals, according to a company filing to the Securities and Exchange Commission on Feb. 29.

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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.

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