ThomsonReuters
OCTOBER 24, 2023
Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge. More tax professionals are exiting the profession than are entering it.
RogerRossmeisl
OCTOBER 24, 2023
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
TaxConnex
OCTOBER 24, 2023
“Scary” has five letters. Know what word in sales tax also has five letters? “Audit.” Few issues in the area of tax are more terrifying than this kind of exam from a tax authority. Our third annual survey of financial professionals showed that although most companies (67%) reported that state sales tax audits have remained at the same level over the past two years, almost one in four respondents (23%) said they expect such audits to increase in coming months.
Accounting Today
OCTOBER 24, 2023
Despite widespread reports of declines in accounting students, Purdue is defying the trend and seeing enrollment growing dramatically.
Advertisement
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.
Acterys
OCTOBER 24, 2023
Organizations rely on robust performance management processes to drive informed decision-making. While Microsoft Power BI’s native data entry option is useful for simple tasks, it falls short with complex data models and planning requirements. This limitation creates challenges for businesses in the Power BI ecosystem, but fortunately, they can leverage additional Power BI write-back and planning capabilities.
Accounting Today
OCTOBER 24, 2023
The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
OCTOBER 24, 2023
Commissioner Werfel encouraged Congress to keep the money coming.
CPA Practice
OCTOBER 24, 2023
Those celebrating Christmas and other winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is $42 more than consumers planned to spend in 2022, and is in line with the average holiday budget over the last five years.
Accounting Today
OCTOBER 24, 2023
These services can provide organizations with insight, guidance and expertise to support in-house teams or serve as a fully outsourced team.
Anders CPA
OCTOBER 24, 2023
Startups saw a surge in seed round funding in the aftermath of the COVID-19 pandemic throughout 2021 and 2022, but accessing Series A funding rounds has proven more difficult than ever. Investor priorities have shifted and placed a new focus on profitability rather than growth. Tax partner and leader of the firm’s startup practice Dave Finklang, CPA/CGMA, MBA , examined the phenomenon in his recent article for the St.
Advertisement
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.
Accounting Today
OCTOBER 24, 2023
Most new claimants don't qualify for the Employee Retention Credit, experts say — but that hasn't stopped facilitators from promoting it.
Xero
OCTOBER 24, 2023
This guest blog was written by the team at ecommerce accounting integration, Amaka. Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3 billion USD in the United States alone, representing one of the biggest online shopping days of the year.
Accounting Today
OCTOBER 24, 2023
The late actor's estate fell short in a five-year quest involving the distribution of a hedge fund position when his financial advisor left UBS for Merrill Lynch.
CPA Practice
OCTOBER 24, 2023
For almost as long as commerce has existed, small business owners have struggled with managing their finances and taxes, while at the same time running the operational side of their businesses. In the U.S., many of these entrepreneurs have long relied on the services of tax professionals or CPAs for year-end compliance needs, and to retroactively compile, reconcile and correct their clients’ books and produce financial reporting.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Insightful Accountant
OCTOBER 24, 2023
The Bonadio Group's Karen Webber breaks down the weak internal controls that could put your client at risk of fraud—and the warning signs you need to watch out for.
AccountingDepartment
OCTOBER 24, 2023
Managing the financial aspects of a business is a critical task that demands accuracy, expertise, and time. As your business grows, so does the complexity of your financial transactions, leaving you with less time to focus on core operations.
Insightful Accountant
OCTOBER 24, 2023
Mark down Oct. 8, at 2 p.m. (EST) as the next 'QB Talks' with Kristen Nies Ciraldo and Kelly Gonsalves, aka Kelly G.
KROST
OCTOBER 24, 2023
Philanthropy is generosity in all forms and is often defined as the act of giving to better the lives of others. Monetary donations go a long way to fund projects that provide resources to those in need. According to Giving USA, Americans donated more than $1 billion a day to various charities in 2022, resulting Read the full article. The post Utilizing Charitable Remainder Trusts to Meet Income & Philanthropic Goals appeared first on KROST.
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.
GrowthForceBlog
OCTOBER 24, 2023
9 min read Financial reports are necessary and legally required of businesses, so everyone uses them. Unfortunately, many business leaders choose not to generate management reports, mistakenly believing that they are irrelevant to small and medium-sized enterprises (SMEs).
Accounting Today
OCTOBER 24, 2023
The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.
Mark Lee
OCTOBER 24, 2023
Whether or not you use timesheets or bill clients by reference to the hours that you (and your team, if any) spend on clients’ affairs, you probably have an hourly rate in mind. Don’t you? Conversations with the accountants who are or have been my clients reveal a wide range of such rates. And some even have different rates in mind dependent on the type of work they are doing for clients.
Going Concern
OCTOBER 24, 2023
Sometimes people ask “why do you write about things happening in Australia on an American website?” Tempted as we are to quip back “because just how much American accounting news do you think there is?” the more accurate answer is because of things like this. We aren’t so different really if you ignore their culinary quirks and backwards seasons.
Advertisement
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.
Withum
OCTOBER 24, 2023
For many nonprofits, adhering to change can feel like you are attempting to cross a river on lily pads. It is not stable and it feels like there is a high likelihood of failure. Learn why embracing innovation, strategic technology investments and modern payment processors can help your nonprofit stay in front of donors. The Why? For many not-for-profits, the cost-benefit of implementing change has been the focal point for many of today’s decisions at the board level.
CPA Practice
OCTOBER 24, 2023
A new report from the staff of the Public Company Accounting Oversight Board (PCAOB) reveals that 42% of firms the PCAOB inspected in 2022 had a quality control criticism related to engagement quality reviews (EQRs), up from 37% in 2020. The staff report, “ Inspection Observations Related to Engagement Quality Reviews(PDF) ,” focuses on the PCAOB-mandated EQR process, in which a reviewer who is not part of the engagement team evaluates significant judgments made by the audit engagement team.
Menzies
OCTOBER 24, 2023
Menzies LLP - A leading chartered accountancy firm. An Employee Ownership Trust (EOT) is an ownership structure that enables employees to indirectly take on a ‘significant and meaningful’ stake in their employing company. Doing so provides the outgoing majority shareholder(s) with an effective and efficient means to dispose of their shares, as well as a substantial tax advantage compared with other methods of disposal.
Accounting Today
OCTOBER 24, 2023
The cost of free file; ERC withdrawals; making money year-round; and other highlights from our favorite tax bloggers.
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.
CPA Practice
OCTOBER 24, 2023
On Nov. 1, the team from San Antonio-based accounting firm Fisher, Herbst & Kemble P.C. will officially join top 40 firm Whitley Penn. Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers. Larry Autrey “We are thrilled to have the FHK team join Whitley Penn,” Larry Autrey, managing partner and CEO of Whitley Penn, said in a press release
Withum
OCTOBER 24, 2023
Results from Withum’s 2023 Law Firm Leadership Survey What can law firm leaders do to ensure their firms thrive? In response to our flash survey, we received feedback from Managing Partners, Firm Chairs and C-suite executives from law firms around the country regarding their most pressing issues. Download Report Download our 2023 Law Firm Leadership Annual Trend Report for insights on: Firm strategy in a shifting marketplace Opportunities for growth in a down market Financial metrics Leadi
Dent Moses
OCTOBER 24, 2023
Special tax law provisions apply to certain children with unearned income. Generally, unearned is interest, dividends, capital gains, custodial account income and taxable income produced by scholarships. These provisions do not apply to earned income – like W-2 income from a summer job though they may require a return filing. Who Qualifies as a Kiddie The Kiddie Tax rules were established to discourage parents from shifting income to dependent children.
CPA Practice
OCTOBER 24, 2023
Deloitte’s lead in the global Big Four firm revenue race has widened after PwC announced today that its revenue for fiscal year 2023 grew to $53.1 billion for the year ending June 30, an increase of 5.6% in U.S. dollars and 9.9% in local currency terms over last year’s $50.3 billion. Deloitte, which has been the largest of the Big Four firms in terms of revenue since 2016, had a $9 billion lead over second place PwC in 2022 but increased its global revenue to a whopping $64.9 billion in 2023 , s
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.
Expert insights. Personalized for you.
52 
Let's personalize your content