Withum

NOVEMBER 25, 2024

What you know about the future can help you make better decisions for your business today. Developing forecasting and projections is a crucial aspect of strategic planning that can improve business management and help create a healthier, sustainable business. A three-way forecast, also known as a three-statement model, is a financial model that combines vital financial statements – profit and loss, balance sheet, and cash flow – into a consolidated forecast.

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financial statements Sales Construction accounting system 52

CPA Practice

NOVEMBER 25, 2024

On December 18-19, 2024, CPA Practice Advisor is hosting its annual Ensuring Success conference, an online CPE event where professionals can earn up to 14 hours of free CPE credit, with 7 one-hour sessions each day. There is no cost to users to register, attend, and earn CPE credit, and they can choose the ones they want, or can stay for all of the sessions.

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CPA Tax accounting firms Account 126

Accounting Today

NOVEMBER 25, 2024

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.

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Account accountant accounted Technology 118

ThomsonReuters

NOVEMBER 25, 2024

Jump to ↓ ESG and supply chains What is ESG due diligence? Understanding ESG risks in the supply chain ESG due diligence checklist: What to look for when assessing a vendor How to communicate ESG expectations to vendors Staying ahead of ESG requirements The need for large corporations to conduct environmental, social, and governance (ESG) due diligence in their supply chains is rapidly becoming a mandatory piece of the corporate compliance puzzle.

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Government Non-Profits Legal California 99

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

NOVEMBER 25, 2024

The Indiana Society of CPAs (INCPAS) and NABA Inc. (formerly the National Association of Black Accountants) announced on Nov. 20 the launch of ConnectIN, an initiative designed to boost talent pipelines, workforce development, and entrepreneurship in fields such as accounting, finance, business, AI, and emerging technologies. ConnectIN aims to address talent shortages by “creating bold, practical solutions to build a more robust and inclusive workforce while fostering innovation and economic gro

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Indiana Education cpas accounting and finance 103

Withum

NOVEMBER 25, 2024

The impending expiration of the Tax Cuts and Jobs Act (TCJA) on December 31, 2025, marks a significant turning point for individual taxpayers. Enacted in 2017, the TCJA introduced lower tax rates and broader tax brackets, providing substantial relief to many. However, as the sunset date approaches, these provisions are set to revert to their pre-TCJA levels, leading to higher tax rates and compressed brackets.

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Tax income tax Real Estate tax return 105

Accounting Today

NOVEMBER 25, 2024

The Internal Revenue Service and its partners in the public and private sectors are planning to highlight the importance of cybersecurity next week.

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Tax 104

CPA Practice

NOVEMBER 25, 2024

If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. The agency said in an email on Nov. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We are looking for comments and suggestions from stakeholders who will use the BTA online platform,” the IRS said.

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tax accountant business tax accounting online Tax 111

Accounting Today

NOVEMBER 25, 2024

Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.

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CPA Practice

NOVEMBER 25, 2024

The Governmental Accounting Standards Board (GASB) issued two exposure drafts on Monday: one on a proposed standard on subsequent events and the other a proposed update to an implementation guide in the form of questions and answers intended to clarify, explain, or elaborate on certain GASB pronouncements. The primary objective of the exposure draft, Subsequent Events , is to re-examine the existing requirements in Statement No. 56, Codification of Accounting and Financial Reporting Guidance C

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accounting principles financial statements accounting standards audit 108

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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.

Technology

Accounting Today

NOVEMBER 25, 2024

The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit through Jan. 10, 2026.

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Tax 92

Basis 365

NOVEMBER 25, 2024

Whether you’re a startup or an established company, outsourced accounting can provide the financial expertise you need to grow your business. Many businesses of all sizes have been turning to outsourced accounting services as an essential part of their competitive strategy. However, making sure you have the right accounting service provider is essential.

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Accounting Today

NOVEMBER 25, 2024

An employee "intentionally" made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years.

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accounted Account accountant Retail 75

CPA Practice

NOVEMBER 25, 2024

The New Jersey Society of Certified Public Accountants (NJCPA) has awarded 10 of its members $750 each towards their CPA Exam fee costs. The lottery winners, which are Affiliate or Student members of the NJCPA, were selected at random out of more than 60 entries. Established in 2019, the NJCPA’s CPA Exam Fee lottery was designed to partially offset the cost of preparing for and taking the CPA Exam, which can exceed more than $2,500 considering enrollment fees, review courses, study guides and ot

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New Jersey cpas CPA public accounting 64

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

NOVEMBER 25, 2024

What would happen if CPAs offered clients a list of suggested services for a fixed fee?

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cpas Account accounted accountant 69

CPA Practice

NOVEMBER 25, 2024

The Indiana Society of CPAs (INCPAS) and NABA, Inc. (formerly the National Association of Black Accountants) announce the launch of ConnectIN, a collaborative initiative designed to strengthen talent pipelines, workforce development, and entrepreneurship in fields such as accounting, finance, business, AI, and emerging technologies. This partnership aims to address critical talent shortages by creating bold, practical solutions to build a more robust and inclusive workforce while fostering innov

Indiana 52

Indiana Education cpas accounting and finance 52

Accounting Today

NOVEMBER 25, 2024

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

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accounting standards financial statements accounted Account 64

CPA Practice

NOVEMBER 25, 2024

By Kelly Yamanouchi The Atlanta Journal-Constitution (TNS) UPS has agreed to pay $45 million to settle a complaint with the U.S. Securities and Exchange Commission, which alleges the Sandy Springs-based shipper improperly valued one of its businesses. The SEC alleges UPS misrepresented its earnings because of improper valuation of its UPS Freight unit, which it agreed to sell in 2021.

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accounting principles Sales accounted Account 52

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

Canopy Accounting

NOVEMBER 25, 2024

Identify and comprehend the latest updates and changes in tax laws for the upcoming 2025 tax year.

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Tax 59

Accounting Today

NOVEMBER 25, 2024

The layoffs span the accounting firm's advisory, tax and audit businesses.

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audit accounting firms Tax Account 59

ThomsonReuters

NOVEMBER 25, 2024

← Blog home As a new presidential administration takes shape, the potential for substantial shifts in tax laws and other financial regulations is top of mind for auditors. Audit professionals at all levels must be prepared to assess, evaluate, and respond to these changes, all while keeping clients’ needs at the forefront. Let’s take a look at some key considerations to keep in mind as your work to ensure your audit process is both compliant and resilient in an evolving regulatory landscape.

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auditor Tax audit tax planning 52

CPA Practice

NOVEMBER 25, 2024

Practice management software provider Financial Cents has introduced a new billing feature, which enables accounting firms to bill their clients on time, follow up on invoices automatically, get paid faster, and improve their accounts receivable turnover. Key features of the billing feature include: Ability to create one-off and recurring invoices: The billing feature lets you create invoices for your one-off projects, but that’s only one aspect.

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accounting firms Account accounted accountant 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

Insightful Accountant

NOVEMBER 25, 2024

As tax season approaches, tax practices face increasing pressure to optimize operations while maintaining service quality. Forward-thinking managers and owners should focus on key efficiency drivers.

Tax 52

Tax 52

Accounting for Good

NOVEMBER 25, 2024

Rewarding employees is standard practice for most organisations.

Tax 52

Tax 52

Insightful Accountant

NOVEMBER 25, 2024

We strive to provide you with key information about how the ProAdvisor Awards process works and what it takes to reach your goal of 'making' the list, or 'earning' a categorical award' or being 'recognized' as ProAdvisor of the Year.

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Accounting Today

NOVEMBER 25, 2024

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

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accounting standards financial accounting accounted Account 52

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

Accounting Seed

NOVEMBER 25, 2024

Stop questioning, start acting. How to achieve accurate financial data across every area of your business.

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CPA Practice

NOVEMBER 25, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps. The rule will help the CFPB to ensure that these companies – specifically those handling more than 50 million transactions per year – follow federal law just like large banks, credit unions, and other financial institutions already supervised by the CFPB.

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Technology accounting and finance Finance accounted 52

FraudFiles

NOVEMBER 25, 2024

How would you know if your company was being ripped off by a dishonest employee? Most companies miss all of the warning signs that could help stop a fraud early. Studies suggest that the average fraud scheme within a company lasts 18 months. That’s a year-and-a-half that one or more employees are stealing from the [.

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CPA Practice

NOVEMBER 25, 2024

Bloomberg Tax & Accounting has made a significant expansion to its Compliance Tracker, a workflow tool available on Bloomberg Tax Research that enables tax professionals to track progress of their filing obligations paired with automation of the cumbersome, time-intensive process of tracking and gathering of deadlines and forms. In response to customer feedback, Compliance Tracker users can now track and collaborate on filing activities for income tax obligations in over 200 countries.

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Tax income tax corporation tax Sales 52

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