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.

South Dakota 110

South Dakota Tax New Hampshire Wyoming 110

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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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

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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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.

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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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Randal DeHart

APRIL 26, 2024

In the world of small businesses, positive cash flow is king. The driving force keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and growth of your construction business. These cash flow problems can originate from various sources, including macroeconomic issues like recessions, natural disasters, wars, and microeconomic problems like business decisions and performance.

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Construction accountant Account accounted 85

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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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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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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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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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

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 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.

Tax 81

Tax 81

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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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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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.

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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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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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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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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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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

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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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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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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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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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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

APRIL 26, 2024

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

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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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