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.

Technology 59

Technology accountant Account accounted 59

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.

CPA 133

CPA cpas accounted Account 133

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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Sales Retail Sports 119

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.

Construction 84

Construction bookkeeping accountant accounted 84

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.

Account

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

CPA 113

CPA Pennsylvania Tennessee cpas 113

Accounting Today

SEPTEMBER 13, 2024

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

accountant 111

accountant Account accounted 111

Accounting Today

SEPTEMBER 13, 2024

The Treasury Department and the Internal Revenue Service issued a Notice of Proposed Rulemaking on Friday to implement Section 139E of the Tax Code, created by the Tribal General Welfare Exclusion Act of 2014, excluding from gross income the value of any Tribal general welfare benefit.

Tax 75

Tax 75

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.

Tax 105

Tax Technology B2B tax return 105

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.

Finance 78

Finance 78

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).

Louisiana 104

Louisiana Tax tax return income tax 104

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.

Account

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.

audit 78

audit Real Estate accountant accounted 78

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.

Government 72

Government accountant Account accounted 72

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.

Georgia 78

Georgia cpas 78

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.

Legal 72

Legal Healthcare Education Government 72

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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.

financial statements

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

audit 69

audit accounting and finance accountant Account 69

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

Transportation 64

Transportation Gaming 64

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.

Technology 59

Technology accounting firms Gaming accountant 59

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.

bookkeeping 59

bookkeeping Tax 59

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

Sales

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.

Technology 59

Technology Maine Legal audit 59

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

CPA 52

CPA Entertainment Tax accountant 52

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.

payroll 52

payroll accountant Account accounted 52

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.

Tax 52

Tax 52

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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.

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.

NetSuite 61

NetSuite Technology accountant Account 61

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.

audit 52

audit Tax Sales small business accounting 52

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.

Kansas 106

Kansas audit auditor CPA 106

Accounting Today

SEPTEMBER 13, 2024

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

Tax 72

Tax tax planning 72

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.

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.

Tax 59

Tax Nevada Arizona corporation tax 59

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.

income tax 98

income tax Tax corporation tax accountant 98

CPA Practice

SEPTEMBER 13, 2024

By Grant Schwab The Detroit News (TNS) WASHINGTON — The U.S. House of Representatives passed a bill Thursday that would tighten requirements around Chinese business ties in determining which electric vehicles qualify for $7,500 federal tax credits upon purchase. Debate for the bill, which passed along a mostly party-line 217 to 189 vote, was contentious.

Michigan 71

Michigan Tax West Virginia Manufacturing 71