Tue.Oct 29, 2024

article thumbnail

Collaborative Planning and Forecasting for Business Success

Acterys

Collaborative planning and forecasting brings business leaders together to evaluate historic business performance against changing circumstances and create a plan for future success. Yet despite producing more data than ever before, many organizations still struggle to unlock its full potential. Instead of driving smarter decision-making, data often remains underutilized due to issues with access and clarity.

article thumbnail

Measure & Extend Your Startup’s Cash Runway

BurklandAssociates

Recent additions to Burkland’s cash runway extension toolkit include a free runway calculator and a customizable treasury policy template. The post Measure & Extend Your Startup’s Cash Runway appeared first on Burkland.

147
147
Insiders

Sign Up for our Newsletter

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

article thumbnail

Navigating Financial Transitions: Insights for Young Accountants

CPA Practice

By Mark Thomas. As you embark on your career journey into the world of accounting, you’ll find that your first years can be full of twists and turns. While some of you may seamlessly land a dream role right out of school, others might navigate through multiple positions before discovering their true professional passion. Amidst this exploration, it becomes crucial for you to refine your approach to personal finances so you can confidently manage the financial realities of adult life.

Account 135
article thumbnail

TCJA extension or sunset: Gamechangers for professional athletes

Accounting Today

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

Tax 126
article thumbnail

Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

article thumbnail

New IRS LB&I Pass-Through Unit Hits the Ground Running

CPA Practice

A new pass-through field operations unit announced in fall 2023 has officially started work in the IRS’s Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities, the tax agency said on Oct. 22. Pass-through organizations—including large partnerships, S corporations, and trusts—will be in the crosshairs of the new work unit within LB&I.

article thumbnail

FASB proposes update on accounting for software development

Accounting Today

The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.

More Trending

article thumbnail

Thomson Reuters makes major investment in AI cross-selling software

Accounting Today

Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.

cpa firm 119
article thumbnail

Defining tech products for tax and regulatory compliance – part 2, technology overlap

TaxConnex

Previously, we gave an overview of how IT and telecom companies have special challenges regarding sales tax and regulatory compliance because of what such companies sell. Sales tax compliance for technology is about definitions of what you sell, and about whether what you sell, for various reasons, is taxable or non-taxable. IT and telecom companies, for example, must determine if they sell Software as a Service (SaaS), an information service or a strictly telecom service.

article thumbnail

Private equity changes accounting career paths

Accounting Today

The increasing amount of investment from private equity firms in the accounting profession is transforming the ways accountants pursue their careers, according to a new report.

article thumbnail

Intuit Shows Off New Tech and Features at Intuit Connect Conference

CPA Practice

Intuit Inc. the global small business and personal financial platform that makes Intuit TurboTax , Credit Karma , QuickBooks , Mailchimp , and several technologies for tax and accounting professionals, released new innovations at its annual Intuit Connect conference to serve the accounting community and business customers through the company’s AI-driven expert platform.

article thumbnail

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.

article thumbnail

Small biz job growth impacted by hurricanes

Accounting Today

Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.

payroll 115
article thumbnail

Lili Launches Lili Connect for Small Business Financial Management

CPA Practice

Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform. With Lili Connect, partner companies can help their small business customers manage their financial needs in one place with Lili’s unique offerings—including a business che

article thumbnail

10M more 1040s by 2031

Accounting Today

The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.

article thumbnail

Accounting MOVE Projects Announces The 2024 Best Accounting Firms for Women

CPA Practice

Few things have created more discussion and disruption in the profession than the current confluence of private equity’s entry into the accounting world with the ongoing talent shortage. But this story goes beyond just the financial implications. “While the influx of cash is grabbing headlines, we believe the real story is how this new structure will transform firm dynamics and career opportunities for its team members, particularly women and people of color,” said Bonnie Buol Ruszczyk, Accounti

article thumbnail

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.

article thumbnail

In the blogs: Are we ready?

Accounting Today

Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.

Tax 72
article thumbnail

Propense.ai Secures Investment from Thomson Reuters Ventures to Accelerate AI Adoption and Innovation in Professional Services Sector

CPA Practice

Propense , a SaaS platform utilizing AI technology to improve client experiences and drive cross-selling revenue for professional services firms, announced today a significant investment from Thomson Reuters Ventures to propel its growth. The investment enables Propense to continue advancing its proprietary cross-selling technology by developing innovative, human-centered AI solutions designed to help firms predict client needs and use the full breadth of their offerings to serve clients and ma

Legal 69
article thumbnail

Herbein acquires Bumpers

Accounting Today

The Pennsylvania-based Regional Leader is expanding to Delaware.

article thumbnail

Five Reasons Why Your Firm Is Getting Terrible Applicants

Going Concern

This post is for the employers. If you’re a job seeker you can ignore this. With many of the big firms having called their people back to the office three or more days a week, more professionals than ever are on the hunt for remote work. Adding to this flood of jobseekers in the accounting space is the worrying trend of layoffs which you’d think would make things great for hiring managers.

article thumbnail

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.

article thumbnail

US, Taiwan to begin talks on a deal to address double taxation

Accounting Today

Taiwan's firms see high U.S. taxes as a major impediment to additional investment in America.

Tax 69
article thumbnail

How Automation Helped a Firm Save Clients $500,000 on Lease Management

CPA Practice

GBQ Partners, a full-service accounting firm with over 300 professionals across multiple Ohio offices, has established itself as a trusted advisor to clients in construction and various other industries. With the implementation of the new lease accounting standards under ASC 842, GBQ faced significant challenges in helping their construction clients navigate these complex changes.

article thumbnail

How American tax breaks brought a Chinese solar energy giant to Ohio

Accounting Today

What looks like a domestic triumph is also a win for America's primary industrial and geopolitical rival.

Ohio 69
article thumbnail

PwC’s Global Revenue Tops Out at $55.4 Billion in 2024

CPA Practice

Global revenue for PwC grew 3.7% in local currency terms and 4.3% in U.S. currency terms to $55.4 billion during its 2024 fiscal year that ended June 30, the Big Four accounting firm said on Monday. PwC’s 4.3% revenue growth is slightly larger than the 3.8% and 3.6% year-over-year growth shown by its Big Four counterparts, EY and Deloitte , respectively, this year.

Legal 52
article thumbnail

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.

article thumbnail

Taking on an Equity Investor Is a Great Growth Strategy for Some Dealers

Withum

Buying a dealership requires much more capital than many dealers have access to through traditional channels. A growing number are partnering with investment firms that provide that capital to grow. Those firms often take an equity stake in the growing dealership group. “We have seen a surge of interest in an equity investor,” says Stuart McCallum, Partner and Dealership Services and Practice Leader.

article thumbnail

Digital transformation: Why you must evolve to meet CTC mandates

ThomsonReuters

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. In many jurisdictions, you must now ensure that your assessment is correct at the moment of the transaction, if not before. There’s no time to review it and reconcile it later.

article thumbnail

Enhance your firm's client experience

Accounting Today

Your clients have options, and the experience you offer can make and keep you the clear choice.

58
article thumbnail

Generative AI for Business: The Microsoft Responsible AI Approach

Withum

Generative AI for business is a transformative technology that allows developers to build applications using machine learning models trained on vast data sets to generate business content that often resembles human creation. While powerful, it poses certain risks, emphasizing the need for responsible AI practices. This guide outlines Microsoft’s approach to responsible generative AI, based on the Microsoft Responsible AI standard, and addresses specific considerations for generative models.

article thumbnail

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

article thumbnail

FASB Tackles Plans to Update Software Cost Accounting Guidance

CPA Practice

The Financial Accounting Standards Board (FASB) issued a plan on Oct. 29 to modernize guidance on the accounting for software costs, which the board said would enhance the transparency of an entity’s cash flows related to internal-use software costs. Richard Jones “During our 2021 agenda consultation, stakeholders expressed the desire for updated accounting guidance that better aligns with how software is developed,” FASB Chair Richard Jones said in a statement.

article thumbnail

The CannaBiz Success Show: Impacts of Tissue Culture on Cannabis Quality and Supply Chain Efficiency with Kevin Brooks

Anders CPA

Guillermo and Brett are joined by Kevin Brooks, CEO of Conception Nurseries. They break down cannabis cultivation, particularly tissue-culture services. Kevin shares his journey from the tech industry to cannabis, emphasizing the importance of tissue culture in providing clean, consistent plant genetics. He discusses the challenges in the cannabis supply chain and the benefits of outsourcing mother plant cultivation.

article thumbnail

FinQuery Launches Prepaid and Accrual Accounting, Helping Accountants Eliminate Errors and Accelerate Close

CPA Practice

FinQuery , a provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announced the launch of FinQuery Contract Management (FCM) with Prepaids and Accruals. This solution empowers businesses to automate accounting for prepaid and accrued expenses stemming from contracts such as software, services, utilities, insurance and short-term leases, in addition to streamlining contract management for finance and accounting teams.

article thumbnail

Warehouse Wednesday: Autonomous Warehouse Robots

Insightful Accountant

Cyngn is bringing autonomous warehouse robots into reality just like Tesla is bringing autonomous commercial vehicles into reality.

52
article thumbnail

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.