CPA Practice

MARCH 20, 2024

By Davis Bell. Structuring client engagements is one of the most critical aspects of running your practice. A thorough engagement letter acts as a roadmap – outlining services, enabling your firm to standardize its service pricing, and setting client expectations in addition to establishing the cash flow and revenue cycle for your firm. If your experience to date tells you this is easier in theory than practice, this eight step plan for developing your firm’s pricing strategy and engagement stru

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Accounting Today

MARCH 20, 2024

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share their biggest concerns for the year ahead.

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Account accounted accountant Technology 141

SMBAccountant

MARCH 20, 2024

In today's digital age, the convenience of instant money transfers has become a staple in our daily lives, thanks to platforms like Venmo, Cash App, and Zelle. While these apps excel in peer-to-peer transactions, they may fall short when it comes to meeting the needs of small businesses seeking reliable payment solutions. Despite their widespread popularity, these platforms pose limitations and risks that can significantly impact business operations and financial security.

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accounting and finance accounting software Legal Tax 130

Accounting Today

MARCH 20, 2024

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.

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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.

Finance

CPA Practice

MARCH 20, 2024

Over the last several years, many unscrupulous tax credit promoters that marketed misleading information about the Employee Retention Credit (ERC). To counter those bad actors, the Internal Revenue Service is urging businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.

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Government payroll Tax Legal 119

Accounting Today

MARCH 20, 2024

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

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Tax 124

CPA Practice

MARCH 20, 2024

By Mary Anne Ehlert, CFP CPA professionals would do well by their clients to ascertain whether there are any children with disabilities who will need support – financial, residential, medical – long after the parents have retired or passed away. It’s a multistep process to help these parents plan for a future in which they are no longer around. Now, layer a divorce into the situation and suddenly it becomes much more complicated.

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cpas Government CPA accountant 111

Insightful Accountant

MARCH 20, 2024

During this year's Sage Transform event, one of the big announcement was the incorporation of Fixed Asset Management into Intacct.

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CPA Practice

MARCH 20, 2024

The Securities and Exchange Commission has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “ GAAP Taxonomy ,” the Financial Accounting Standards Board (FASB) said on March 19. In addition, the FASB finalized the 2024 DQC Rules Taxonomy (DQCRT). The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos. 33-110

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Insightful Accountant

MARCH 20, 2024

The introduction of Microsoft 365 Copilot, the powerful new AI assistant integrated across Microsoft's productivity apps, promises to transform the way professional firms operate, including accounting and tax practices.

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Technology

Cherry Bekaert

MARCH 20, 2024

The National Academy of Public Administration’s Agile Government Center Coordinator, G. Edward DeSeve , joined Cherry Bekaert’s Advisory Leader, Srikant Sastry , in a conversation with Nick Hart, the current president and CEO of the Data Foundation. In this episode, Ed and Srikant discuss the Organisation for Economic Co-operation and Development’s (OECD) Trust in Government Framework.

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Insightful Accountant

MARCH 20, 2024

Tax pros: With the IRS hiring thousands of revenue agents, the agency encourages members of the tax professional community to consider applying for one of the many career opportunities

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Tax 98

Accounting Today

MARCH 20, 2024

How can your company achieve financial well-being? The key is to invest in tech solutions.

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AccountingDepartment

MARCH 20, 2024

QuickBooks Online makes a chart of accounts accessible, but it's up to you to tailor it to your business's unique structure and financial tracking needs.

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quickbooks Account accounted accountant 89

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.

payroll

Accounting Today

MARCH 20, 2024

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

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accountant accounted Account 78

Withum

MARCH 20, 2024

On February 27, 2024, as part of President Biden’s Investing in America Agenda, the United States Department of Energy announced funding of $366 million for 17 projects across 20 states and 30 tribal nations to improve access to reliable, affordable energy for areas located in or adjacent to disadvantaged communities that are disproportionally overburdened by pollution and historically underserved.

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Accounting Today

MARCH 20, 2024

Mike Lynch's Autonomy Corp.

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accounted Account accountant 72

Going Concern

MARCH 20, 2024

About a year and a half after Saint Peter’s University and PwC announced a fresh new partnership to allow accounting grads to get their 150 units for CPA licensure through work experience, Rider University in Lawrence Township, New Jersey has announced their own twist on work-for-credit. The Rider University CPA Apprenticeship Program, announced here on March 11, allows new graduates to earn the required 150 units for CPA licensure in New Jersey through coursework and real-world profession

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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.

Finance

CPA Practice

MARCH 20, 2024

The National Retail Federation has released a forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of the American consumers and the retail industry. “The resiliency of consumers continues to power the American economy, and we are confident there will be moderate but steady growth through the end of the year,” NR

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Summit CPA

MARCH 20, 2024

As a hybrid firm , not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.

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bookkeeping Tax accountant accounted 59

Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.” The guidance addresses issues that are commonly brought up by tax preparers and common errors that cause processing issues for the Department.

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Reckon

MARCH 20, 2024

If you’re either already running your own business or gearing up – one of the more important statements you can produce is a cash flow statement. Cash flow is the life blood of your business and critical to being able to pay debts and survive, nay, thrive. Poor cashflow is often cited as the most critical factor for businesses to prosper. Let’s unpack this critical aspect to business management.

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accounting software accounting and finance Finance Maine 52

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.

CPA

Ryan Lazanis

MARCH 20, 2024

Having a sales process that gets the job done can be tough. In this episode, I explained what mine looks like and why I made it that way. The post What My Firm’s Sales Process Looked Like appeared first on Future Firm.

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ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. In addition, trying to identify which federal awards need auditing and sifting through extensive federal guidance to locate, compile, and execute the necessary audit procedures, can be significantly time-consuming.

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CPA Practice

MARCH 20, 2024

By Jack Prator, Tampa Bay Times (TNS) Pinellas deputies have arrested a woman who is accused of stealing more than $710,000 from her Palm Harbor employer over several years. The investigation began in December 2022 after the president of Inspecs USA, an eyewear manufacturing business, told authorities that his company’s accountant, Monika Hladik of Clearwater, had been writing company checks to herself and forging his signature.

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Florida Account accounted accountant 52

Withum

MARCH 20, 2024

Download a PDF of this case study Executive Summary A custom uniform sporting goods manufacturer sought to optimize its operations by implementing NetSuite. Withum’s CRM and ERP Consulting Services team collaborated with the client to maximize NetSuite’s capabilities, streamline processes and enhance efficiencies. The Client The New Jersey-based, family-owned company manufactures locally to support youth soccer and sports programs.

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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

Spend Management

Patriot Software

MARCH 20, 2024

Being a sole proprietor is a rewarding, but challenging, journey. Many sole proprietors view managing finances as one of the most challenging tasks. But thanks to accounting software for sole proprietors, financial management (and analysis) has gotten faster and easier.

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accounting software Account accounted accountant 52

CPA Practice

MARCH 20, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has formed a strategic alliance with KPMG LLP, the audit, tax, and advisory firm. Through this alliance, organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs, and help businesses better manage growing risk challenges.

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audit Technology B2B Tax 52

Shay CPA

MARCH 20, 2024

2024 is already well underway, but we’re definitely still early enough into the year that it could go any direction. To help our team and clients prepare for what this year will bring, we’ve spent some time thinking about changes coming down the pipe. As we zoomed out and looked ahead, we identified three trends that will likely play a big role in the accounting industry — and financial best practices in general — through the rest of 2024.

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CPA Practice

MARCH 20, 2024

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added home office deduction filing guidelines to Instead and Instead Pro. A home office deduction allows for the deduction of expenses related to a portion of a home that is used exclusively and regularly for business operations or activities.

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