Shay CPA

AUGUST 28, 2024

Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors and tax authorities require stay updated and accurate. While a month-end close delivers a number of benefits, it comes with one big drawback: the effort required to complete it.

accounting and finance 52

accounting and finance Finance CPA Expense Management 52

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Up to five additional products are also selected by the committee as award finalists.

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Technology accounting firms Account accounted 124

Going Concern

AUGUST 28, 2024

Someone brought it to our attention earlier that quite a few people on r/Deloitte are reporting dreaded “business update meeting” items being added to their calendars. We know what that means. The someone added: Just remember that Deloitte employees are never “let go” from their jobs, they are rightsized to align with the firm’s strategic objectives in light of economic uncertainty and sector level trends Well, apparently a lot of people in audit are being rightsize

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audit CPA 122

Accounting Today

AUGUST 28, 2024

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

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Tax 122

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

AUGUST 28, 2024

By Augusta Saraiva Bloomberg News (TNS) A technical glitch prevented the U.S. government from sharing key payroll data on time last week, according to a spokesperson for the Labor Department, who acknowledged staff provided the numbers to callers before the release was made public. The episode has prompted steps to beef up data-release protocols at the Bureau of Labor Statistics, the DOL agency responsible for releasing high-profile economic reports such as monthly jobs and inflation figures.

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payroll Washington Government 116

Going Concern

AUGUST 28, 2024

Fresh off the big reveal of the 2024 Top 500 list , INSIDE Public Accounting has released another one of their yearly lists that tends to get less play than the big T100: Best of the Best. Of these “best” firms they say: What all the Best of the Best have in common is a focus on operational and financial excellence. Leaders don’t get so caught up in the day-to-day routine that they overlook the basics of running a business and running it well.

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accounting firms Account accounted accountant 104

Accounting Today

AUGUST 28, 2024

Plus Google's about-face on cookies, the gadgets you need to keep working no matter what, and seven other developments in technology this past month.

Technology 99

Technology 99

CPA Practice

AUGUST 28, 2024

IRS Advance Notice 2024 CPA Practice Advisor Innovation Award Winner [link] Advance Notice (IAN), a revolutionary feature of IRS Solutions Software, is redefining the landscape of tax management. This groundbreaking tool addresses a critical industry need by providing accountants with unprecedented early insights into IRS actions, often weeks before official client notifications.

Technology 105

Technology CPA Tax Account 105

Withum

AUGUST 28, 2024

How could a company like Coca-Cola underpay its taxes by $2.7 billion, resulting in a total impact of $6 billion after penalties and interest are imposed? What gave rise to this astonishing tax bill? A global strategy by the multinational that may have been lacking in terms of full support of economic substance for each entity under scrutiny Challenges in navigating misaligned transfer pricing regulations around the world A different interpretation by the IRS and Coca-Cola of the functions perfo

Tax 98

Tax Non-Profits audit Advertising/ Marketing 98

CPA Practice

AUGUST 28, 2024

AuditFile Advanced AI 2024 CPA Practice Advisor Innovation Award Finalist [link] The company that was first to bring audits into the cloud continues innovating by bringing AI into audits. AuditFile AI is a growing new feature incorporating artificial intelligence into the audit in the following areas: the ability to automatically classify a trial balance with just one click the ability to seamlessly rollforward an engagement the ability to automatically generate financial statements the ability

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auditor audit financial statements CPA 105

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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

AUGUST 28, 2024

Property owners, entrepreneurs and parents can tap into savings available through credits, deductions and exemptions during the sunny season.

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Tax 97

CPA Practice

AUGUST 28, 2024

Forwardly 2024 CPA Practice Advisor Innovation Award Winner [link] Forwardly exemplifies innovation in accounting as the first B2B real-time payment solution in the USA, transforming financial management for small businesses and accounting professionals. Our cutting-edge platform, which is the only accessible business payment solution powered by the FedNow Service® and RTP Network®, processes transactions in 60 seconds, 24/7/365, dramatically improving cash flow management.

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Technology Approval Workflows accounting and finance quickbooks 105

Cherry Bekaert

AUGUST 28, 2024

In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss how to choose the right Enterprise Resource Planning (ERP) system that fits your company’s unique needs. Host Eric Poppe , a Managing Director in the Government Contracting Industry practice, is joined by Christine DeYuliis , a Senior Manager. Tune in to learn more about steps your business can take to find the right ERP, including: Conducting an initial discussion with stakeholders Defining and documenting current

Government 97

Government accounted accountant Account 97

CPA Practice

AUGUST 28, 2024

MakersHub 2024 CPA Practice Advisor Innovation Award Winner [link] MakersHub demonstrates innovation in the fields of tax and accounting by transforming traditional accounts payable processes through the integration of advanced AI and automation. This innovative tool addresses the common frustrations of manual data entry and disconnected systems. QuickBooks ProAdvisor Patrice Diana’s experience highlights the significant impact of MakersHub on efficiency and productivity.

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accounts payable Technology quickbooks CPA 105

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

Insightful Accountant

AUGUST 28, 2024

Amalgam is productivity software for accounting and finance teams by reducing the time spent with manual record-keeping and data entry.

accounting and finance 97

accounting and finance Finance Account accountant 97

CPA Practice

AUGUST 28, 2024

Top 20 accounting firm CohnReznick has launched a digital forensic lab facility outside of Washington, D.C., as part of its expanding cybersecurity and incident response capabilities. The digital forensics lab will serve as the nerve center for a variety of incident response solutions to help businesses identify the nature and extent of a cyber incident, collect and preserve digital evidence, and put steps in place to safeguard against future cyberattacks and breaches.

Construction 105

Construction Washington accounting firms accountant 105

Canopy Accounting

AUGUST 28, 2024

Client standards are at an all-time high and accounting firms must prioritize a client-centric approach to stay ahead. Client-centric accounting focuses on enhancing the overall client experience by dedicating time, energy, and resources to meeting and exceeding client expectations. This approach is no longer just an option but a necessity for firms that aim to thrive.

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accounting firms Account accountant accounted 96

CPA Practice

AUGUST 28, 2024

For the fifth time, top 10 accounting firm CLA (CliftonLarsonAllen) has been ranked as the No. 1 accounting firm catering to businesses in the construction industry by the trade magazine Construction Executive. “CLA has worked hard to know and help our clients in the construction industry. It’s such an honor to be recognized again,” Tom Dearnley, managing principal of construction industry at CLA,” said in a statement.

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Construction top accounting firms accounting firms cpas 98

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

Insightful Accountant

AUGUST 28, 2024

Xero data reveals a mismatch in payment preferences between small businesses and consumers. Nine out of ten consumers favor paying by card, while 30% of SMBs don't accept cards for payment.

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95

Accounting Today

AUGUST 28, 2024

The Top 25 Firm is also taking an equity investment in Sequoia Financial, and the two plan deliver services to each other's clients.

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80

GrowthForceBlog

AUGUST 28, 2024

8 min read August 28th, 2024 Done properly, a business exit plan is built into the business strategy from the get-go. However, when most business owners start a business, the last thing on their minds is a business exit plan. With your nose to the grind for years, business owners and CEOs often find themselves ready to exit without having properly prepared their businesses for sale.

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Sales 78

Accounting Today

AUGUST 28, 2024

The document will be available for comment on the International Financial Reporting Standards website.

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78

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

AccountingDepartment

AUGUST 28, 2024

In today's fast-paced business world, growing companies often find themselves accumulating multiple applications to enhance productivity. However, without proper integration, these applications can lead to siloed operations and data redundancies, ultimately hampering efficiency.

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accounting system accountant accounted Account 77

Accounting Today

AUGUST 28, 2024

Intuit and nonprofit Education at Work announced a pilot program to employ college students at TurboTax, helping them gain experience while earning tuition money.

Education 78

Education accountant accounted Account 78

CPA Practice

AUGUST 28, 2024

Education at Work , a national work-based learning non-profit, in collaboration with Intuit Inc. , the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , have announced a new pilot program to help college students gain valuable industry experience in tax, accounting, and financial services while earning money to offset college expenses.

Education 64

Education Arizona tax preparation Account 64

Accounting Today

AUGUST 28, 2024

The IRS is pushing back filing and payment deadlines for those impacted by the storm on all four islands.

Tax 75

Tax 75

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

CPA Practice

AUGUST 28, 2024

Fieldguide for Financial Audit 2024 CPA Practice Advisor Innovation Award Finalist [link] Fieldguide, the only AI platform for audit and advisory firms, recently launched one of its most impactful innovations this year: Fieldguide for Financial Audit. Built on the same innovative technology and expertise that powers advisory services for many of the top 100 accounting firms, Fielduide for Financial Audit brings AI-powered automation to the entire audit lifecycle.

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audit Technology cpa firm CPA 59

Accounting Today

AUGUST 28, 2024

KPMG US has established an Independent Audit Quality Advisory Committee, along the lines of its fellow Big Four firms, in an effort to improve its audits amid tougher inspections and enforcement by the Public Company Accounting Oversight Board.

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audit Account accountant accounted 72

CPA Practice

AUGUST 28, 2024

Fieldguide Insights 2024 CPA Practice Advisor Innovation Award Winner [link] Fieldguide, the AI platform for audit and advisory firms, recently launched Fieldguide Insights, the first end-to-end analytics solution for CPA and consulting firm leaders. Fieldguide Insights’ dashboards and reports bring actionable information in real time, including personalized recommendations for saving time on engagements.

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Technology CPA audit Tax 59

Accounting Today

AUGUST 28, 2024

The IIA Internal Audit Foundation's newly released Vision 2035 project sheds light on the challenges over the next decade.

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audit 60

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