How AI is transforming accounting
Accounting Today
APRIL 29, 2024
A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.
Accounting Today
APRIL 29, 2024
A recent survey from EY found that 90% of respondents already use at least some AI in their work, and other recent developments around the technology.
MyIRSRelief
APRIL 29, 2024
Los Angeles, the City of Angels, beckons with its vibrant energy, diverse culture, and endless opportunities. It’s no surprise then, that thousands of ambitious entrepreneurs set up shop in the sprawling metropolis and its surrounding cities, forming the backbone of the Los Angeles-Long Beach-Anaheim, CA (LA Metro) economy. But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming.
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Insightful Accountant
APRIL 29, 2024
Insightful Accountant proudly announces this year's Top 100 ProAdvisors along with our Emeritus ProAdvisors of the Year. Congratulations to all being recognized for this year's awards.
CPA Practice
APRIL 29, 2024
By Scott H. Cytron Filing taxes for your clients doesn’t have to be a drain on your firm’s time, energy, and resources. For today’s firms, continuing with “business as usual” might mean: Collecting paper documents and using multiple software programs, leading to data entry errors, complex workflows, and wasted time. Struggling to recruit and retain high-quality employees.
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.
Accounting Today
APRIL 29, 2024
Notice 2024-36 announces the second round of credit allocations for a program to allocate the remaining $6 billion in credits.
CPA Practice
APRIL 29, 2024
By Sarah Acton, Chief Marketing Officer at BILL. Many accounting firms started 2024 with an eye toward expansion, and the post-busy season spring brings renewed purpose and fresh perspective to put plans into action. According to Accounting Today , 62% of the top 100 firms reported double-digit growth in 2023, and the majority are optimistic for continued growth this year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
APRIL 29, 2024
By Sarah Lynch, Inc. (TNS) Women are still struggling in the workplace—and not just when it comes to the pay gap. Half of women say their stress levels have increased from a year ago, according to a recent survey of 5,000 women across 10 countries from Deloitte. Meanwhile, nearly half said they were “concerned or very concerned” about their mental health—one of their top three concerns, along with financial security and their rights.
IgniteSpot
APRIL 29, 2024
Mastering the art of accounting is akin to discovering a treasure map to real wealth in the entrepreneurial journey. Yet, for many business owners in their prime years of building and scaling, accounting remains the least favored aspect of their venture. This is not due to a lack of effort or ambition but often because of a broken accounting system that silently drains their business's potential.
CPA Practice
APRIL 29, 2024
The recruitment and hiring landscape for internal audit must evolve to ensure the profession keeps pace with a changing risk environment. That’s according to the results of a new report ‘ Fueling the Internal Audit Student Talent Pipeline: Perspectives from Educators and Practitioners’ released at the Global Student Conference by the Internal Audit Foundation, sponsored by Deloitte.
Accounting Today
APRIL 29, 2024
The truth that most things are writ in water may as well be carved in stone.
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.
CPA Practice
APRIL 29, 2024
The online small business management system FreshBooks has launched FreshBooks Payments, its new solution that uses the Stripe Connect digital payment platform’s latest features and makes it easier for business owners to accept payments seamlessly. The new payment method is in the later stages of beta testing, and will be available to all FreshBooks users this summer.
Accounting Today
APRIL 29, 2024
As we enter the next industrial revolution, CFOs will be central to striking the right balance between risks and growth opportunities.
CPA Practice
APRIL 29, 2024
The IRS issued new guidance on Monday that provides additional information about the second allocation round under the Qualifying Advanced Energy Project Tax Credit program. The program, which was re-established by 2022’s Inflation Reduction Act, renews and expands a tax credit created in 2009 through the American Recovery and Reinvestment Act. It provides incentives for clean energy manufacturing and recycling, industrial decarbonization, and critical materials processing, refining, and recycli
Insightful Accountant
APRIL 29, 2024
Tonight is your very last opportunity to cast your vote for our candidates for the 2024 International ProAdvisor Awards.
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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.
GrowthForceBlog
APRIL 29, 2024
9 min read April 23rd, 2024 Key performance indicators (KPIs) are metrics that are calculated using a business's operational and financial data. Generally, KPIs are used to measure, track, evaluate, and improve performance. Key Takeaways Types of Industry-Specific KPIs for Construction Firms: Depending on your construction firm's specific business strategy, goals, and challenges, there might be other types of KPIs that are relevant to measuring performance within your business's unique situation
CPA Practice
APRIL 29, 2024
In a letter sent to the U.S. Treasury and Internal Revenue Service (IRS), the AICPA submitted recommendations regarding regulations related to long-term, part-time (LTPT) employee rules for cash or deferred arrangements under section 401(k). The recommendations touch on points made in the November 2023 proposed regulations related to the changes to LTPT employees made by SECURE 2.0 in relation to when they are permitted to participate in an employer-sponsored, tax-qualified retirement plan.
Accounting Today
APRIL 29, 2024
The IFRS Foundation attributed the increase in revenue and expenses to consolidated operations in its 2023 annual report.
Going Concern
APRIL 29, 2024
Still-scandalized PwC Australia released its three-year plan on Friday and no one should be surprised that they’ve put trust front and center. Funny considering PwC US just got rid of that whole Trust nonsense in people’s job titles and everywhere else where weird nicknames for assurance are required. Whatever. Unlike PwC US, PwC Australia definitely needs to keep repeating the trust part until it sticks.
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
CPA Practice
APRIL 29, 2024
Calling all public company executives, board members, auditors, financial analysts, and investors: The Public Company Accounting Oversight Board’s Investor Advisory Group (IAG) needs a favor. The IAG said during its April 24 meeting that it’s seeking nominations for the most decision-useful critical audit matter (CAM) or key audit matter (KAM) contained in public company audit reports included in 2023 Form 10-Ks and Form 20-Fs.
Accounting Insight
APRIL 29, 2024
AIA is delighted to announce the recipients of the 2024 AIA Scholarships, funded by the AIA Educational and Benevolent Trust. These scholarships are awarded to students demonstrating a strong commitment to pursuing a career in accountancy or auditing, providing them with full financial support to achieve the AIA professional qualification. The deserving winners of this year’s scholarships are Shantelle Malcolm from Jamaica, Michael Jefferson Nelson from Ghana, and Tony Li from the United Kingd
Accounting Today
APRIL 29, 2024
The PCAOB Investor Advisory Group is accepting public nominations for the most decision-useful CAMs or KAMs of 2023.
Menzies
APRIL 29, 2024
Menzies LLP - A leading chartered accountancy firm. Substantial change to company size thresholds The UK government has recently announced a substantial change to company size thresholds, the first revision to the thresholds since 2016, as they attempt to simplify the regulatory landscape for UK businesses. The changes are intended to reduce the complexity and administrative burden for companies and will directly impact the type of accounts a company is required to prepare and whether the compan
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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.
Canopy Accounting
APRIL 29, 2024
Speakers: KC Brothers & Shane Westra Tax Day has come and gone and we know you’ve been busy, we have the metrics to prove it. In this webinar we’ll share how much you worked (like the more than one billion data requests Canopy facilitated). We’ll also do a deep dive into some new features meant to make your life easier and will let you in on what we have planned for the future.
Reckon
APRIL 29, 2024
Guest post by AON. Here’s why keeping appropriate records can help during a claim. In a world where almost everything is paperless, keeping records and filing documentation is something that might slip your mind as you go about your usual business. While digitisation has made record keeping easier in some ways, it has also brought about some complexities.
CPA Practice
APRIL 29, 2024
Daniel Dustin will succeed the retiring Ken Bishop as president and CEO of the National Association of State Boards of Accountancy on Aug. 1, NASBA announced on Friday. “Dan’s long history and expertise in accounting regulation makes him uniquely qualified to assume the role as president and CEO of NASBA. I have had the distinct opportunity to collaborate with Dan over the years on key initiatives and programs, including the Uniform Accountancy Act, CPA Evolution, and professional licensure,” NA
Reckon
APRIL 29, 2024
Guest Post by AON. There’s not much in life that comes without risk – whether it’s starting a business, or even just crossing a road. When it comes to running your business, the biggest risk in your mind is probably not making a profit. However, events such as a client tripping over and injuring themselves while at your premises, or having legal action taken against you due to advice you provided are also incidents that can have a substantial impact on your business.
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.
Anders CPA
APRIL 29, 2024
The cannabis industry is at a very critical point as the recommendation and legal procedures needed to reschedule marijuana could have a massive impact on the taxation and profitability of legal cannabis. The biggest challenges for most small and independent industry players are taxation and competition, with most finding it tough to get out of the 1-3 year start-up phase.
Insightful Accountant
APRIL 29, 2024
IRS notices surged in 2024 after a pandemic pause, causing confusion and stress for clients receiving past due balance notifications from as far back as 2020.
Accounting Today
APRIL 29, 2024
Learn how to get more referrals from existing clients who are truly happy about their relationship with you.
Insightful Accountant
APRIL 29, 2024
FreshBooks expands payment operations for business owners with new and innovative Stripe Connect features.
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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.
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