Going Concern

NOVEMBER 14, 2023

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting. Of the finance and accounting sector the report says: In a field known for ‘churn and burn,’ last year was one for the record books with higher job turnover than in any other thre

accountant salary 111

accountant salary accountant Account accounted 111

TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Depending on your business and where you are in your sales tax journey, it could take as little as a month or so or up to six months (or more).

Sales 219

Sales Tax Connecticut Colorado 219

BurklandAssociates

NOVEMBER 14, 2023

During our recent interview, Gaurav Bhasin shared valuable insights and tips for founders considering a private equity deal. The post Private Equity Insights for Startup Founders from Gaurav Bhasin appeared first on Burkland.

147

147

RogerRossmeisl

NOVEMBER 14, 2023

Transaction databases contain the details of thousands of real-life public and private stock sales. They’re used by business valuators when they apply the guideline transaction method. This method — also known as the merger and acquisition method — is a subset of the market approach. It derives a company’s value from prices paid for companies engaged in the same, or similar, lines of business.

CPA 130

CPA Sales cpa firm 130

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

Accounting Today

NOVEMBER 14, 2023

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

tax return 132

tax return income tax Tax 132

RogerRossmeisl

NOVEMBER 14, 2023

Surveillance is common in many workplaces, yet companies monitoring employee activities may keep the practice under wraps. This may be a mistake, because when workers know they’re being watched, they’re generally less likely to be dishonest. For example, several surveys have shown that clearly visible security cameras discourage employees from stealing inventory.

CPA 130

CPA cpa firm 130

CPA Practice

NOVEMBER 14, 2023

Considering the circumstances surrounding the coronavirus pandemic, the IRS’s decision to destroy approximately 30 million unprocessed tax year 2019 paper-filed information returns was “reasonable,” the Treasury Inspector General for Tax Administration (TIGTA) concluded in a report released last week. The destruction of the paper returns was discovered by TIGTA in September 2021, and the IRS watchdog issued a separate report on its investigation in May 2022.

tax return 119

tax return income tax Tax Transportation 119

Going Concern

NOVEMBER 14, 2023

The PCAOB today announced settled disciplinary orders sanctioning Greece-based PricewaterhouseCoopers Auditing Company SA (PwC Greece) and its partner Nicos George Komodromos for violations of PCAOB rules and standards in connection with the audit of the 2016 financial statements of Aegean Marine Petroleum Network Inc. Sometimes the PCAOB deserves to be criticized for being nitpicking paper-pushers but in this case we’ll go ahead and give them the point.

audit 119

audit financial statements auditor accounting and finance 119

CPA Practice

NOVEMBER 14, 2023

At this year’s QuickBooks Connect conference in Las Vegas, Nov. 13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. “Accounting professionals are our most valued partner; QuickBooks Connect allows us to foster deeper relationships with them so we can work better together to empower and fuel small business success,” said Jeremy Sulzmann, vice president of the Partners Segment Bus

quickbooks 119

quickbooks E-commerce Approval Workflows accountant 119

Accounting Today

NOVEMBER 14, 2023

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

auditor 129

auditor audit Technology 129

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

CPA Practice

NOVEMBER 14, 2023

By Kody Myers. The most valuable asset in an organization’s adoption of artificial intelligence is its own people. While AI unlocks formidable analytical capabilities, the human capacity for judgment, ethics and values remains irreplaceable. Is your business incorporating these key human elements into your AI-driven processes? Businesses Hope to Maintain Human Judgment Amidst AI Adoption Finance has seen a transformative shift by integrating AI in predictive analytics and risk assessments.

Finance 115

Finance accounting and finance Technology accountant 115

Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. The discussion below focuses in on tax planning opportunities tailored specifically for the real estate industry: deferring revenue, maximizing deductions, and utilizing available credits and incentives.

Real Estate 109

Real Estate tax planning Construction Tax 109

CPA Practice

NOVEMBER 14, 2023

Intuit Inc. , used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accounts payable automation. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp. “Across the QuickBooks platform, we’re revolutionizing money movement to improve the number-one problem small businesses face – cash flow – which impacts their success rates,” sai

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

Accounting Today

NOVEMBER 14, 2023

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

Tax 133

Tax corporation tax 133

Advertisement

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

CPA Practice

NOVEMBER 14, 2023

Nominations for the 2024 Most Powerful Women in Accounting awards are now open. The award, presented by CPA Practice Advisor , in conjunction with the AICPA & CIMA Women’s Initiative, recognizes women leaders who have made significant contributions to the accounting and finance profession in the calendar year 2023 only. Click here for the nomination form.

accountant 110

accountant Account accounted CPA 110

IgniteSpot

NOVEMBER 14, 2023

Intuit's upcoming changes to the existing four-tier ProAdvisor program promise to deliver significant value for accounting professionals. While maintaining the Silver, Gold, Platinum, and Elite tiers, Intuit is overhauling each level's points system and benefits. These updates will provide advisors and their firms substantial advantages.

accountant 107

accountant Account accounted 107

Insightful Accountant

NOVEMBER 14, 2023

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

payroll 105

payroll accountant Account accounted 105

Xero

NOVEMBER 14, 2023

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

small business accounting software 99

small business accounting software accounting software accounting system bookkeeping 99

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

Insightful Accountant

NOVEMBER 14, 2023

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

quickbooks 111

quickbooks accountant Account accounted 111

Accounting Today

NOVEMBER 14, 2023

The standard-setter has appointed its technical director as its newest member, succeeding vice chair James Kroeker.

accounting standards 124

accounting standards income tax accounted Account 124

CPA Practice

NOVEMBER 14, 2023

Intuit, the maker of QuickBooks , TurboTax , Credit Karma , and Mailchimp , has partnered with Allstate Health Solutions to provide QuickBooks Online Payroll customers with expanded insurance options for their employees, in time for open enrollment season. The partnership agreement was announced during this week’s QuickBooks Connect, an event for accounting professionals designed to inspire, connect, and educate the community on technology’s impact on the industry and the latest innovations acro

quickbooks 98

quickbooks payroll Healthcare Hospitality 98

AccountingDepartment

NOVEMBER 14, 2023

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

bookkeeping services 97

bookkeeping services Spend Management bookkeeping accounted 97

Advertisement

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.

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

Tax 75

Tax bookkeeping Start-ups accountant 75

ThomsonReuters

NOVEMBER 14, 2023

The power of gratitude You probably say “Hey, thanks” several times a day. It’s a common way to show courtesy and appreciation in everyday interactions. You might also use “Thanks” in your email signature or send a “thank you” emoji to your colleagues. But what if you want to express a deeper level of gratitude at work?

Tax 75

Tax business tax accountant Account 75

Xero

NOVEMBER 14, 2023

We’re excited to announce that we’ve launched a new tax manager feature in Xero HQ that will give you a real-time view of your tax obligations for company tax, company accounts, personal tax and VAT — all in one place. This means that as an accountant or bookkeeper in the UK, you won’t have to use three different dashboards to get the information you need.

Tax 68

Tax bookkeeping Start-ups accountant 68

Accounting Today

NOVEMBER 14, 2023

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

Tax 81

Tax Sales 81

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.

Mark Lee

NOVEMBER 14, 2023

I was delighted and proud to see my niece in a local production of the musical theatre show ‘Kinky Boots’ last week. It’s a show I’ve not seen before but I did watch the film a while back so I had some idea of the storyline. And I’ve heard some of the most popular songs many times. This week I have decided to highlight some analogies and related business development lessons for accountants, inspired by the show.

accountant 93

accountant Account accounted Manufacturing 93

CPA Practice

NOVEMBER 14, 2023

Tuscon, AZ-based BeachFleischman recently said that Nogales, AZ-based Jeong Lizardi joined the top 200 accounting firm on Nov. 1. As part of the deal, Jeong Lizardi will practice as BeachFleischman and continue to operate from its existing office in Nogales. In addition, BeachFleischman gained 10 client service and administrative professionals, including co-founder Leonard Lizardi, who was named a tax principal and managing principal of the Nogales office.

Arizona 59

Arizona tax preparation bookkeeping tax planning 59

LSLCPAs

NOVEMBER 14, 2023

Most organization have had their 457 plans set up for decades and many organizations don’t realize that these plans may not be serving your organization or its employees very well. In today’s market, there are more retirement plan providers than there used to be and its possible your provider is no longer the best option. The post Regularly Review Your Retirement Plan Provider & Fiduciary Responsibilities for Your 457 Plan appeared first on LSL CPAs.

cpas 59

cpas Government 59

Insightful Accountant

NOVEMBER 14, 2023

Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms. In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond.

Tax 52

Tax accountant Account accounted 52

Advertisement

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.