Accounting Insight

SEPTEMBER 13, 2024

All business leaders have to make strategic decisions. The difference between the companies that end up leading the market and the ones that fall behind can come down to how informed leaders are before making such decisions. The tech industry is powered by data, so for growing companies in the sector, having an agile, efficient and insightful financial reporting system allows them to maximise investments and scale sustainably.

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Accounting Today

SEPTEMBER 13, 2024

Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.

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CPA Practice

SEPTEMBER 13, 2024

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

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Randal DeHart

SEPTEMBER 13, 2024

In today's competitive business landscape, establishing a personal brand is essential for standing out in the construction industry. Whether you're a contractor, architect, or engineer, cultivating a professional image differentiates you from competitors and fosters trust and credibility among clients and partners. The words "personal brand" are still somewhat controversial and carry an unfortunate cast of self-promotion and vanity.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

Going Concern

SEPTEMBER 13, 2024

Well we knew this was going to happen. Various media outlets are reporting that China has banned PwC Zhong Tian (a.k.a. PwC China) from signing off on accounts for six months in relation to their sloppy work on collapsed developer Evergrande. See earlier: China’s About to Dropkick PwC Right in the Wallet Wrote AP : China’s Ministry of Finance said in a statement Friday that it was imposing 116 million yuan ($16.35 million) in fines and confiscation of illegal gains on PwC Zhong Tian, also known

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Withum

SEPTEMBER 13, 2024

A model code-named “Strawberry”, part of OpenAI’s newly-released O1 product, introduces a structured planning module designed to enhance how large language models (LLMs) solve problems. Tailored for Chain-of-Thought (CoT) Reasoning While the idea of using more computation to search for optimal solutions isn’t new (e.g. this paper “Language Agent Tree Search Unifies Reasoning Acting and Planning in Language Models”), OpenAI’s Strawberry Model seems to have been tailored specifically f

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Accounting Today

SEPTEMBER 13, 2024

China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.

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CPA Practice

SEPTEMBER 13, 2024

Deloitte is first out of the gate among the Big Four to announce global revenues for 2024 with $67.2 billion for the fiscal year ending May 31, the firm said on Thursday. That’s a 3.6% increase in U.S. dollar terms and 3.1% in local currency terms from 2023’s revenue of $64.9 billion. Deloitte is the largest accounting firm in the world by revenue, followed by PwC, EY, and KPMG.

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Accounting Today

SEPTEMBER 13, 2024

Plus, CohnReznick expands its valuation practice, Herbein adds a director of business development, and Abdo and Mercadien each announce a wave of promotions.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Cherry Bekaert

SEPTEMBER 13, 2024

As cyber threats continue to grow and evolve, especially with the rise of artificial intelligence (AI) and sophisticated deepfakes, developing a secure cyber risk management program is crucial to the success of an organization. While cybersecurity doesn’t discriminate, and poses a threat across all industries, the professional services industry faces unique risks as firms often have access to sensitive and personal information, as well as a fiduciary responsibility to protect that information.

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Accounting Today

SEPTEMBER 13, 2024

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

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DMCL

SEPTEMBER 13, 2024

We’re excited to share that DMCL’s Entertainment group partner, Donna Branston , was recently featured in CPA Canada’s Pivot magazine. In the article, Donna discusses the unique challenges of working with musicians and entertainers, including the need for flexibility, adaptability, and a deep understanding of U.S. tax regulations. Donna also shares her experiences working with high-profile clients like Bryan Adams and Tegan and Sara, offering a behind-the-scenes look at what it takes to help dri

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Ronika Khanna CPA,CA

SEPTEMBER 13, 2024

Whether you have just started your business venture or have a couple of years under your belt, navigating GST/HST can be confusing and stressful. There’s is lots of information on the internet but hard to know if it is trustworthy or comprehensive. Consequently, it's easy to make mistakes that results in time wasted or worse, unnecessary interest, penalties and letters from the government.

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Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

CPA Practice

SEPTEMBER 13, 2024

Top 100 accounting firm Wiss announced a strategic partnership with Basis, an artificial intelligence platform for accounting firms. Basis will be deployed across the firm to enhance efficiency, reduce risk, and improve the quality of work-life balance for accountants, Florham Park, NJ-based Wiss said on Sept. 11. Basis uses cutting-edge AI, including generative AI and language models built specifically for accounting firms, to streamline workflows across Wiss.

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Cherry Bekaert

SEPTEMBER 13, 2024

Read the full article, originally published by Federal News Network, here : Cherry Bekaert’s Managing Partner of Advisory Services, Srikant Sastry, joined the President and CEO of the National Academy of Public Administration (NAPA), Terry Gerton, to discuss the key management challenges and strategies for the next U.S. administration, regardless of who is elected.

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CPA Practice

SEPTEMBER 13, 2024

Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, presented by the National Retail Federation. “Retail sales data shows that consumers continued to spend on household priorities in August,” NRF President and CEO Matthew Shay said.

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Cherry Bekaert

SEPTEMBER 13, 2024

About CVSA The Commercial Vehicle Safety Alliance (CVSA) is a nonprofit organization comprised of local, state, provincial, territorial, and federal commercial motor vehicle safety officials and industry representatives across North America. CVSA aims to prevent commercial motor vehicle crashes, injuries, and fatalities through guidance, education, and advocacy for enforcement.

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

CPA Practice

SEPTEMBER 13, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Tennessee Society of CPAs (TSCPA) is pleased to award $280,000 in scholarships through the TSCPA Educational & Memorial Foundation to 128 Tennessee accounting students. TSCPA Educational & Memorial Foundation scholarships are funded primarily through an endowment program known as the Life Associates Program, which was established in

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Inform Accounting

SEPTEMBER 13, 2024

Electric cars are increasingly popular, not just for their environmental benefits, but also for their financial perks. Both employers and employees stand to gain from choosing an electric vehicle (EV) over traditional petrol or diesel cars, thanks to significant tax incentives. In this blog, we’ll explore the benefits of electric cars and break down the tax implications.

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Accounting Today

SEPTEMBER 13, 2024

Storytelling has many practical applications for accountants. Here's how to SPAR with your audience.

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CPA Practice

SEPTEMBER 13, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review the Aider Advisory Intelligence Platform. Aider is for accountants and bookkeepers who want to monitor their clients’ real-time business performance and build. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

bookkeeping

Accounting Today

SEPTEMBER 13, 2024

Oracle NetSuite announces new procurement solution; Gusto announces "Gus" AI; Boost launches cross-border payment solution; and other accounting tech news.

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Withum

SEPTEMBER 13, 2024

I recently received three questionnaires asking me to reply or post how I felt about the service I received. In each case, I was extremely satisfied with the overall service, but I had follow-up encounters that required extra effort on my part or were not responded to. These encounters upset me and made me reluctant to respond to their questionnaires.

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CPA Practice

SEPTEMBER 13, 2024

Avalara , a provider of tax compliance automation software for businesses of all sizes and a member of Oracle PartnerNetwork (OPN), has announced that two of its products are now embedded in Oracle Fusion Cloud Enterprise Resource Planning (ERP). Mutual customers can now access Oracle Avalara Global Indirect Tax Cloud Service and the Oracle Avalara North America Tax Returns Cloud Service in Oracle B2B to enable touchless tax processes in Oracle Cloud ERP.

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Accounting Today

SEPTEMBER 13, 2024

The presidential nominee is looking to turn the page with a new populist tax cut proposal.

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

auditor

Going Concern

SEPTEMBER 13, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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CPA Practice

SEPTEMBER 13, 2024

By Eliyahu Kamisher and Gregory Korte Bloomberg News (TNS) Republican Donald Trump pledged to eliminate taxes on overtime pay at a rally days after a shaky debate performance, as the presidential nominee looked to turn the page with a new populist tax cut proposal. “We will end all taxes on overtime,” Trump said Thursday at a rally in Tucson, Arizona.

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ThomsonReuters

SEPTEMBER 13, 2024

← Blog home Just as the dust finally settled from the tax law changes unleashed with the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, a new round of changes are on the horizon as the profession braces for potential sunsetting provisions, most of which would impact individual taxpayers. The passage of the TCJA in December 2017 was significant as it overhauled the tax landscape for both individuals and corporations.

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