Tue.Jul 02, 2024

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Startup Success – Highlights from the Past 6 Months of Our Podcast Series

BurklandAssociates

As our special 100th episode approaches in September, we look back at inspiring stories and insights from the first half of 2024. The post Startup Success – Highlights from the Past 6 Months of Our Podcast Series appeared first on Burkland.

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How to Use ChatGPT to Create Attention-Grabbing Marketing Content

CPA Practice

By Sandi Smith Leyva. One of my favorite ways to use ChatGPT is for suggesting titles for articles, blogs, and email subject lines. Of course, it can also write articles, blog posts, email event notices, client correspondence, and social media posts, to name a few. In this article, I’ll focus on its ability to write good titles and subject lines as well as end with a somewhat creative approach to generating blog posts.

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BDO Is in Damage Control Mode

Going Concern

The other day, BDO USA released a press release entitled “BDO Strengthens Audit Quality Commitment with Addition of Second Independent Member on Audit Quality Advisory Council ,”the content of which strongly suggests that their next Public Company Accounting Oversight Board (PCAOB) inspection is going to be hot garbage. No, not suggests.

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Survey: 4 in 10 Businesses Have Posted a Fake Job in the Last Year

CPA Practice

By Sarah Lynch, Inc. (TNS) Companies are hiring—but in some cases, they might only be pretending to. Four in 10 companies have posted a fake job in the last year, according to 649 hiring managers in a recent survey from the job-seeking site ResumeBuilder.com. Some posted just a handful, while others—13 percent—posted 75 or more. Today, eight in 10 of companies that have posted a fake job posting still have one actively listed.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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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IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

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IRS: Security Threats Against Tax Pros Remain a Daily Threat

CPA Practice

Tax practitioners continue to be targeted on a daily basis by cybercriminals whose objective is to steal their clients’ data so they can file fraudulent tax returns that better impersonate their victims and are harder to detect, the IRS warned on July 2. Through the spring, IRS stakeholder liaisons had received reports of nearly 200 tax professional data incidents potentially affecting up to 180,000 clients.

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More Trending

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Millennials Behind Surge in Freelance Side Jobs

CPA Practice

Charles Ayitey Bloomberg News (TNS) Americans are freelancing now more than ever, and they’re increasingly working such jobs on the side to supplement their main income, according to a survey by Revelio Labs. Some 3.2 million people now have a second job as a freelancer, independent contractor or consultant, according to Revelio Labs’ sample of online professional profiles.

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How Generative AI (GenAI) can empower corporate tax departments

ThomsonReuters

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. Generative Artificial Intelligence ( GenAI ) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making.

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Small Businesses Hired At a Slower Pace in June

CPA Practice

Small businesses with fewer than 50 employees added jobs in June but at a slower pace than in May, while hourly earnings growth for workers held steady last month, according to the latest Paychex Small Business Employment Watch , released on July 2. The national jobs index continued to represent employment gains in June (100.29) but growth was smaller than in May (100.58) and June 2023 (101.37).

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No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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5 ways tax professionals should prepare for GenAI expectations

ThomsonReuters

Jump to: The current state of GenAI training The future of GenAI training 5 ways tax professionals should prepare for expectations What to look for in an AI assistant 2024 GenAI in Professional Services Discover perceptions, usage, and impact on the future of work View full report As generative artificial intelligence (GenAI) continues to evolve, its impact on the tax profession is becoming increasingly significant.

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A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

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Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

AccountingDepartment

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

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More companies seek assurance over ESG info from audit firms

Accounting Today

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

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Back to Basics with Reconciliations

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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IRS Resuming ERC Payments for Low Risk Claims – Be Cautious of ERC Advance Loans

Anders CPA

The Internal Revenue Service (IRS) plans to resume payments on older, low-risk Employee Retention Tax Credit claims, otherwise known as ERC or ERTC. In September 2023, the agency issued a moratorium on processing new ERC claims due to fraud and improper, high-risk claims flooding the pandemic-era program. Because of the high levels of fraud and inappropriate claims, only about 10-20% of submitted claims are considered low risk.

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Ex-billionaire gets 7 1/2-year sentence for defrauding investors Goldman, Google

Accounting Today

Prosecutors had sought a 15-year sentence, describing Shah as the "driving force behind a dizzying array of lies to clients, lenders, investors and an audit firm.

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IRS Service Challenges: Insights for Tax Professionals

Insightful Accountant

National Taxpayer Advocate's report exposes IRS service metric flaws. LOS metric, based on answered calls, lacks full taxpayer interaction data. 88% LOS for 2024 is misleading, covering only 35% of phone lines without ensuring issue resolution.

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Small business added jobs at slower pace in June

Accounting Today

Small businesses with fewer than 50 employees continued to add jobs in June, albeit at a slower rate, but wage growth remained steady, payroll processor Paychex reported.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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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Kathryn Fletcher, CPA, CGMA Elected Chair of GSCPA Board of Directors for 2024-25 Year

CPA Practice

Kathryn Fletcher, CPA, partner at Draffin & Tucker, LLP of Atlanta, Georgia, has been elected chair of The Georgia Society of Certified Public Accountants (GSCPA) Board of Directors for the 2024-25 fiscal year. Fletcher was selected at the Society’s annual business meeting in St. Augustine, Florida. “Kathryn is a truly unique individual; she has a terrific blend of deep technical accounting knowledge and a personality that people gravitate to.

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SVB Financial bonds rise after $600M cut to tax bill

Accounting Today

The IRS agreed to reduce one of its tax claims from about $649 million to $43 million related to resolution of a dispute over SVB's use of a "mark-to-market" accounting method to value certain financial products.

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Maximize the New Features in QuickBooks Online Accountant

Insightful Accountant

To maximize the benefits of the latest enhancements in QuickBooks Online Accountant (QBOA), it's essential to understand, and effectively implement, the new features designed to streamline your accounting and bookkeeping practices.

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Crypto trends accountants need to know

Accounting Today

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

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Harness the Potential of Your Enterprise Knowledge

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.

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NetSuite Buyer’s Guide: Everything You Need To Know From Licensing to Implementation Success

Withum

Navigating the world of ERP solutions can be complex, and choosing the right one for your business is crucial. If you’re considering Oracle NetSuite ERP as you look to modernize your business solutions, trying to understand how to get started can be challenging and leave you with many questions. Our comprehensive NetSuite Buyer’s Guide is designed to simplify this process, providing you with all the information you need to make an informed decision, from NetSuite licensing breakdown to implement

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Divorce Hidden Income: Using Bank Statements

FraudFiles

Bank statements can be incredibly useful when searching for hidden income during a divorce financial analysis. Both deposits and expenditures should be evaluated, and the process is explained in this video.

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10 common mistakes accountants make that drive clients mad

Mark Lee

I once asked a group of entrepreneurs and business owners to talk to me about their accountants. Most of my interviewees were not overly happy with their accountant. I identified 10 common mistakes that seemed to explain the level of frustrations and disappointment my interviewees shared with me. Over the years I have seen similar such lists produced by a range of commentators and publications.

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Be Insightful Premium Content For Accounting Professionals

Insightful Accountant

Insightful Accountant wants you to Be Insightful which is why we've launched our Premium Content offering featuring specialized training to help you grow your practice.

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Solve Your Firm's Automation Complexities Once and For All

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.

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A Deep Dive into Leadership, Problem Solving, and Team Engagement

Summit CPA

Jamie and Jody chat with J. Scott, Founder of 120VC, about transforming teams to prioritize customer & team member satisfaction along with profitability.

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PwC's new leadership goes back to the future ahead of schedule

Accounting Today

Struggling with management structure seems endemic to the professional services business, almost regardless of the size of the firm.

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In the blogs: Unprecedented waves

Accounting Today

Post-Chevon; sending your marketing out; new blog in town; and other highlights from our favorite tax bloggers.

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