Summit CPA
JUNE 6, 2024
Many business owners looking for an experienced financial professional aren’t sure about what the real difference between a CPA ( Certified Public Accountant ) and a CFO ( Chief Financial Officer ) is. Let’s start by defining both a CPA and CFO , and then dive into why they aren’t distinctly different roles.
Accounting Today
JUNE 6, 2024
The freedom of working remotely while traveling the world doesn't include freedom from tax compliance issues.
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Going Concern
JUNE 6, 2024
In the latest pspspsps , er PCPS survey (that’s Private Companies Practice Section) put out by the AICPA every two years, talent is winning as the biggest worry for every size firm surveyed except for sole practitioners. The “sole” in sole practitioner meaning people who work for themselves and don’t have staff so yeah, if they too were worried about finding talent we might really be in trouble.
Accounting Today
JUNE 6, 2024
Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
CPA Practice
JUNE 6, 2024
As we reach mid-year, it’s an opportune time for you to evaluate your firm’s marketing strategies and make necessary adjustments to drive continued growth. Focusing on the middle of the marketing funnel , where potential leads are weighing their options and seeking more information, can significantly enhance your ability to convert prospects into engaged clients.
Accounting Today
JUNE 6, 2024
The timing of restructuring will be critical, though, thanks to its significant tax implications.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JUNE 6, 2024
A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.
Going Concern
JUNE 6, 2024
It’s now June 6 and the four biggest and most prestige-iest professional accounting services providers in the world should have their logos covered in rainbows by now. It’s tradition. Slap the rainbows on on June 1, tweet a bunch of out and proud PR fluff about your LGBT staff, and then quietly pack the rainbows away on June 30 until the following year.
Accounting Today
JUNE 6, 2024
No relief in sight; just plane crooked; no fool like a gold fool; and other highlights of recent tax cases.
AccountingDepartment
JUNE 6, 2024
In today's tumultuous economic climate, the importance of sound financial strategy cannot be overstated—especially for small and medium-sized businesses that might not have the buffer of large corporations. Financial Planning & Analysis (FP&A) isn't just a set of buzzwords; it's a compass for navigating the murky waters of modern economics. As we approach the second half of 2024, now is the time for businesses to fortify their financial plans.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Accounting Today
JUNE 6, 2024
The practice aid provides information on auditing the valuation of cryptoassets and audit procedures surrounding their existence, rights and obligations.
Insightful Accountant
JUNE 6, 2024
QuickBooks Payments recently added the ability for QuickBooks users to send their customers invoices via Text-message.
Cherry Bekaert
JUNE 6, 2024
On June 5, the Fifth Circuit Court of Appeals issued an opinion fully vacating a Securities and Exchange Commission (SEC) rule that would have significantly increased the regulatory obligations of private fund advisors in relation to fund investors. The SEC’s Private Fund Adviser Rules were adopted last August before being challenged by several private equity and hedge fund groups.
Accounting Today
JUNE 6, 2024
Tigran Gambaryan is accused alongside the company of charges including nonpayment of value-added tax and corporate income tax, and complicity in aiding customers to evade taxes through its platform.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
CPA Practice
JUNE 6, 2024
This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common. Survey respondents were asked to rank the impact of a host of issues on a 1 to 5 scale, with one being “minimal” and five being “extreme.
Accounting Today
JUNE 6, 2024
It's time finance and accounting leaders seriously considered automating AP functions and marking its place as a standard business practice.
CPA Practice
JUNE 6, 2024
The AICPA has updated its free practice aid for the accounting and auditing of digital assets, adding new guidance on auditing their valuation and auditing procedures surrounding their existence, rights, and obligations. The practice aid is regularly updated to keep accounting professionals and audit practitioners informed of rapidly evolving developments in the digital assets field.
Anders CPA
JUNE 6, 2024
As the St. Louis startup ecosystem grows, it needs an occasional audit to ensure it’s moving forward in a way that benefits investors and startup founders. The inaugural Anders Startup Funding and Outlook Survey Report explored the region’s strengths and weaknesses from the perspectives of investors and founders. There were two areas startup founders noted as posing real challenges to their business: Securing funding Securing a talented/highly skilled workforce Competition for funds in the
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
ThomsonReuters
JUNE 6, 2024
No matter your industry, Generative AI (GenAI) is transforming the professional landscape and opening up new possibilities for innovation and efficiency. But it isn’t without its challenges. The 2024 Generative AI in Professional Services Report from the Thomson Reuters Institute offers insight on GenAI perceptions and usage based on responses from nearly 1,200 professionals from across various industries, including the tax and accounting profession.
Menzies
JUNE 6, 2024
Menzies LLP - A leading chartered accountancy firm. Overview The race to net-zero is gaining momentum with the major players in the grocery sector taking significant strides towards sustainability. Case in point, supermarket chain Sainsbury’s recently pledged to meet Science Based Target initiatives (SBTi) validated goals. This commitment includes reducing greenhouse gas (GHG) emissions by 68% and achieving a net-zero target by 2035.
CPA Practice
JUNE 6, 2024
After feeling extremely optimistic about the U.S. economy in the first quarter of this year, that sentiment among CPA business decision makers has fallen in Q2 due to concerns about ongoing inflation, interest rates, and election-year uncertainty, according to the most recent AICPA & CIMA Economic Outlook Survey. The second-quarter 2024 survey includes 315 qualified responses from AICPA members holding executive positions in business and industry, including CEOs, CFOs, controllers, and other
ThomsonReuters
JUNE 6, 2024
A growing number of accounting and audit firm leaders are deciding to sever ties with on-premise solutions and make the move to cloud-based technologies. For firm managers, they must prepare for the transition in ways that few others within the firm will. Firm managers will not only be tasked with implementing the leadership’s vision— they will also need to navigate everything related to the staff’s side of the move.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Cherry Bekaert
JUNE 6, 2024
In this episode of Cherry Bekaert’s GovCon Podcast, Brynn McNeil and Craig Hunter both Assurance Partners in Cherry Bekaert’s Government Contracting Industry practice, discuss revenue recognition for government contractors. Listen to learn more about: The five steps for recognizing revenue under Accounting Standards Codification (ASC) 606 Understanding how costs drive revenue Common errors in recording revenue Best practices for government contractors regarding processes and controls for
ThomsonReuters
JUNE 6, 2024
Jump to: What is audit planning? What is included in an audit plan? 7 steps to develop an audit plan How long does audit planning take? Executing the audit plan Audit planning is the bedrock of a successful audit. It is a crucial first step in the audit process that, when done properly, helps auditors conduct efficient audits, ensure compliance with standards, and mitigate risk.
Going Concern
JUNE 6, 2024
Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX CANDIDATES FTE Tax Senior | Candidate ID #12942644 Certifications: CPA in process, certification goal in 2024 Education: BBA Accounting Experience (years): 12 years
Accounting for Good
JUNE 6, 2024
Accounting For Good breaks down four pillars of the budget that directly impact the Not-for-Profit sector.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Insightful Accountant
JUNE 6, 2024
Finding software that seamlessly integrates with QuickBooks and tackles the unique challenges of your field can feel like an impossible quest. But fear not, BatchMaster is here to help.
CPA Practice
JUNE 6, 2024
Lettuce , an accounting and tax solution for solopreneurs, has launched LettuceHead AI , an AI-powered knowledge base and tax hub purpose-built to meet solopreneurs’ needs. With a focus on addressing frequently asked tax questions, these businesses now have 24/7 access to LettuceHead AI. The number of professionals opting for full-time independent work since 2020 has increased by 91%, and the number of solopreneurs making over $100,000 a year has increased by 53% during that same period ( MBO ).
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