Accounting Today

APRIL 26, 2024

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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Account accounted accountant Tax 130

CPA Practice

APRIL 26, 2024

With the 2024 filing season in the rearview mirror, the IRS provided an update Friday on how well its Direct File pilot program fared this year but said little about what the future holds for its prized tax-filing service. “From the very beginning of the Direct File pilot, we wanted to test new ways to give taxpayers an easy, accurate, and free way to file their taxes online directly with the IRS,” IRS Commissioner Danny Werfel said on April 26.

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South Dakota Tax New Hampshire Wyoming 110

Accounting Today

APRIL 26, 2024

While the term "innovation" isn't necessarily associated with most CPA firms, this perception can easily be changed with the right strategic moves.

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cpa firm CPA 108

SchoolofBookkeeping

APRIL 26, 2024

So, you're a small business owner. You've been managing your own books, stumbling through QuickBooks Online like a bull in a china shop, desperately hoping you're not accidentally committing financial seppuku. But fear not, dear entrepreneur, Intuit QuickBooks has heard your cries for help. And their solution? QuickBooks Live Assisted Bookkeeping, because apparently, managing your own finances just isn't stressful enough.

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quickbooks bookkeeping Account accounted 98

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

Accounting Today

APRIL 26, 2024

Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.

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Tax 93

Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024. The latest issue of the Rundown features a summary of the new standards issued in the first quarter 2024. For summaries of standards issued in previous periods, view our previous rundowns here.

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Accounting Today

APRIL 26, 2024

The Internal Revenue Service's Direct File pilot program officially closed Friday, after 140,803 taxpayers used it in 12 states.

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Tax 81

Going Concern

APRIL 26, 2024

This past February, the PCAOB released KPMG’s 2022 inspection report but inexplicably redacted the firm’s deficiency rate. To say this was very strange would be minimizing the situation, something we aren’t generally known to do. VERY strange. CAPS exclamation points Confused Nick Young meme strange. This isn’t something we’d ever seen, certainly not in a Big 4 inspection.

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audit Texas 69

Accounting Today

APRIL 26, 2024

The bank successfully fought off a London court claim brought by investors over tax breaks linked to financing for 'Pirates of the Caribbean 2.

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Tax Finance Entertainment 78

CPA Practice

APRIL 26, 2024

By Natallie Rocha, The San Diego Union-Tribune (TNS) Katherine Lu Acquista, 47, pleaded guilty to wire fraud in federal court Thursday, admitting to stealing more than $430,000 for her own personal expenses while she was the director of operations and accounting for the San Diego Regional Economic Development Corporation (EDC). She carried out the scheme for about five years, from 2017 to 2022, according to court records.

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Account accounted accountant payroll 69

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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

APRIL 26, 2024

Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.

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Kansas cpas Account accountant 75

CPA Practice

APRIL 26, 2024

The Private Company Council ( PCC ) met on Thursday, April 18, 2024. Below is a summary of topics discussed by PCC and FASB members at the meeting: PCC Agenda Priorities: PCC members discussed their agenda priorities and the factors that should be considered in their determination. PCC members supported conducting preliminary research on the following areas: debt modifications and extinguishments, credit losses—short-term trade accounts receivable and contract assets, lease accounting simplifica

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accounting standards Government financial statements Education 64

Accounting Today

APRIL 26, 2024

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

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audit 72

CPA Practice

APRIL 26, 2024

PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, has established the PKF O’Connor Davies University as a formalized, enhanced approach to team members’ continuing education. Designed as a key element of the organization’s recently launched career development program, Pathways to Success, PKF O’Connor Davies University provides team members with an array of industry-specific training, coaching and certification opportunities that are foundational for career

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Education audit Tax accounted 52

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

Accounting Today

APRIL 26, 2024

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

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Government accountant accounted Account 72

Cherry Bekaert

APRIL 26, 2024

Company Background The Company is a prominent player in commercial and residential real estate construction, operating across the southeast of the U.S. With more than five million square feet of space developed or redeveloped, the Company focuses on retail, multi-family, hospitality, office, industrial and residential properties. Its success is underpinned by conservative investments and a commitment to high-quality projects, fostering long-term relationships with major retailers and commercial

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Real Estate Construction North Carolina South Carolina 52

Accounting Today

APRIL 26, 2024

AuditBoard announces AuditBoard AI now generally available; Earmark launches web app; and other accounting technology news.

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Technology Account accountant accounted 72

CPA Practice

APRIL 26, 2024

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban. Business groups in Texas and across the country are fighting the FTC’s decision to prohibit agreements between companies and workers that typically bar employees from working for competitors in the future or starting a simi

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North Dakota Texas Oklahoma Minnesota 52

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

Accounting Today

APRIL 26, 2024

We're witnessing the evolution of the "new firm.

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cpas 60

Cherry Bekaert

APRIL 26, 2024

Over the past four decades, enterprise resource planning (ERP) solutions have evolved to incorporate new technologies and have expanded their reach to support back-end business processes as well as front-office functions, driving massive efficiencies across business operations enterprise-wide. By 2025, the ERP market is expected to exceed $49.5 billion, with defense and aerospace, retail, and government utility sectors driving its growth. 1 With the rapid adoption of AI, cloud technology, and ad

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Technology NetSuite Manufacturing Government 52

Accounting Today

APRIL 26, 2024

The bakery chain collapsed into insolvency in 2019 after a forensic investigation revealed thousands of false entries in its accounts.

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Account accounted accountant 56

Anders CPA

APRIL 26, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders, will be honored by the University of Missouri – St. Louis at the Salute to Business Achievement Awards. The award recognizes UMSL Business graduates who’ve made outstanding contributions to their community, profession and the university. Honorees are selected by leadership in the College of Business and the Alumni Association’s College of Business Alumni Chapter.

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Missouri accounting principles audit CPA 52

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

Ronika Khanna CPA,CA

APRIL 26, 2024

As business owners and employees are increasingly working remotely, often from their home offices , it helps to set up an infrastructure where business functions can be handled online. This includes tax payments, which tax agencies have tried to make as easy as possible by offering several options. The benefit of making tax payments online is that they allow businesses reduce the hassle of manually transcribing information onto forms that then have to be mailed in along with a cheque, before a c

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corporation tax payroll Tax Sales 56

Going Concern

APRIL 26, 2024

ICYMI: These are the most read stories on Going Concern this week Deloitte Checks in on Women at Work, the Results Aren’t Good PwC Announces It’s ‘Aligning Its Organizational Structure’ and Using Fewer BS Words in Job Titles KPMG Was Too Cheap to Pay Foreign Graduates More So They Yanked All Their Job Offers The PwC Partner Class Will Be Much Smaller This Year Accounting Firms Will Not Be Leading the AI Revolution Big 4 KPMG hires ex-prisoners as part of Gov strategy to tackle £18bn reoffending

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cpas auditor West Virginia accounting and finance 104