Insightful Accountant
NOVEMBER 4, 2024
Tax season can be a challenging time for both accountants and clients, particularly when it comes to collecting accurate and complete tax information. A primary source of frustration for accountants is the use of traditional tax organizers.
BurklandAssociates
NOVEMBER 4, 2024
Protect your startup from costly fraud with expert insights, tools, and resources designed to strengthen your defenses. The post Fraud Prevention Resources for Startups appeared first on Burkland.
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Accounting Today
NOVEMBER 4, 2024
Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.
CPA Practice
NOVEMBER 4, 2024
A new standard requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements was finalized by the Financial Accounting Standards Board (FASB) on Nov. 4. Richard Jones “This project was one of the highest-priority projects cited by investors in our extensive outreach with them as part of our 2021 agenda consultation initiative,” FASB Chair Richard Jones said in a statement.
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
Withum
NOVEMBER 4, 2024
The cannabis industry has waited with bated breath for the December 2nd hearing, where many anticipated that final testimony in favor of rescheduling would be heard by the Drug Enforcement Agency (DEA). The hope was that this would lead to an expedited rescheduling, and perhaps IRC §280E might not apply to the tax year ending 2024 (or at least all twelve months of 2025).
CPA Practice
NOVEMBER 4, 2024
Bloomberg Tax & Accounting has launched a strategic partner program with several tax software providers focused on automating common tax processes. This collaboration extends the value of Bloomberg Tax’s suite of solutions and provides customers with a more robust set of tools to address critical tax workflow challenges. The new strategic referral network includes: K1x : An AI-powered platform that streamlines alternative investment data — K-1s, K-3s, and 990s — for investors and advisors.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 4, 2024
By Lance Reynolds Boston Herald (TNS) Nov. 2—A trend is forming in the Boston sports scene: if a team struggles, state taxes are blamed for the poor performance. The Massachusetts Opportunity Alliance , a business coalition focused on improving economic competitiveness, has released an analysis pinpointing how the Bruins are losing out on top talent to teams in states without income taxes.
Going Concern
NOVEMBER 4, 2024
You’ve likely heard of people in audit getting disappeared from KPMG in recent days, we certainly have. Anyone who tried to cope with a “they must have been low performers” might want to season their hat before they eat it. WSJ reports today that KPMG is laying off a few hundred people in audit “as it works to make up for lower levels of voluntary turnover.” Meaning attrition is still too low.
CPA Practice
NOVEMBER 4, 2024
A new survey by travel and expense management service provider Emburse shows how mid-size to large companies are spending on major technology brands in the past year. Emburse processes over $90 billion in expense and invoice transactions each year and developed the index by analyzing $30 billion in completed expenses across 6,300 companies and 10.2 million employees.
Going Concern
NOVEMBER 4, 2024
Well the year is just chugging along, here we are at the first Monday news brief of November. I trust you had your fill of candy the past few days. Now gorge on some news! The Aussie feds are swarming PwC Australia HQ , staff have been advised to “please carry on as usual.” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal.
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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.
CPA Practice
NOVEMBER 4, 2024
A new survey shows the growing mental and emotional toll that economic and global factors have had on workers. Commissioned by Grant Thornton, one of America’s largest audit, assurance, tax and advisory services, the 2024 State of Work in America surveyed 1,500 full-time employees of U.S. companies to explore the latest trends in employee attitudes, desires and concerns.
Accounting Today
NOVEMBER 4, 2024
In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.
CPA Practice
NOVEMBER 4, 2024
KPMG last week told approximately 330 people—or nearly 4% of its roughly 9,000-person U.S. audit workforce—that they would be losing their jobs in the coming weeks, the Wall Street Journal reported on Monday. The job cuts will impact employees such as audit associates and managers but not partners, according to the WSJ. The reason for the layoffs: low levels of voluntary turnover at the Big Four accounting firm.
Accounting Today
NOVEMBER 4, 2024
The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.
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.
CPA Practice
NOVEMBER 4, 2024
Document Management software is a valuable solution for the organization as you prepare for tax season. It finds the documents you need in seconds, and creates a bespoke, secure database for your firm. Our document management solution is more than just a safe way to store files, it’s a way to streamline your firm, helping you optimize and automate key processes while eliminating duplicate files.
Accounting Today
NOVEMBER 4, 2024
The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.
VJM Global
NOVEMBER 4, 2024
Because in the initial period of Implementation of GST, the taxpayer has made various genuine mistakes while filing the return and while making payment of tax, the 53rd GST Council meeting announced an amnesty scheme, i.e., waiver of interest and penalty, for Notice or statement or order issued under Section 73 of CGST Act for the period of 2017-18 to 2019-20.
Accounting Today
NOVEMBER 4, 2024
Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
VJM Global
NOVEMBER 4, 2024
With respect to the Amnesty Scheme issued for waiver of interest and penalty for demand notices issued under section 73 of CGST Act, 2017 , the CBIC has issued a detailed procedure for the manner of processing of application filed under Section 128A of CGST Act vide Circular No. 238/32/2024-GST dated 15th October 2024. Further, the circular has also specified the procedure for filing an appeal against an order issued under Section 128A of the CGST Act.
Insightful Accountant
NOVEMBER 4, 2024
It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.
CPA Practice
NOVEMBER 4, 2024
The Information Technology Alliance (ITA) has appointed new members to its board of directors. The group is an independent membership association of leading mid-market technology professionals, consultants and product/service providers in North America. John Fleischer, Senior Vice President at CBIZ, and Darcy Boerio President at DAB Partners, have been appointed as ITA Board of Directors Chair and Vice-Chair, respectively.
Going Concern
NOVEMBER 4, 2024
Bad news, everyone. America is burned out. No, this isn’t going to be about the election. Grant Thornton’s 2024 State of Work in America survey was released today and these key findings alone will make you depressed (if you aren’t already). 51% of respondents reported to have suffered burnout in the past year 63% named mental and emotional stress as the top cause of burnout 40% said people shortages are the most stressful part of working at their organization Fun.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
CPA Practice
NOVEMBER 4, 2024
Top 15 accounting firm Marcum has officially been absorbed into top 11 firm CBIZ, as the 2.3-billion-dollar megadeal that was announced on July 31 officially closed on Friday. As a result of the Marcum acquisition, CBIZ will have combined annual revenue of approximately $2.8 billion, more than 10,000 team members, and over 135,000 clients. The Cleveland-based firm is expected to vault over Grant Thornton for seventh spot in the ranking of the top 10 largest U.S. accounting firms based on revenue
Reckon
NOVEMBER 4, 2024
In Australia, we celebrate our small business owners. But who owns small businesses here? Specifically, what is the gender balance between men and women in small business ownership? Reckon released a report examining the gender imbalance in Australian small businesses. Jessica Morris, our Head of People and Culture, shared her take on the societal factors that contribute to gender inequality and the path towards empowering our women in small business ownership.
CPA Practice
NOVEMBER 4, 2024
Top 60 accounting firm Blue & Co. has expanded into the Detroit market after combining with Mellen, Smith, and Pivoz (MS&P), a full-service accounting and advisory firm based in Bingham Farms, MI, effective Nov. 1. Carmel, IN-based Blue & Co. has added three partners—Jason Pivoz, Jeffry Campeau, and Mark Smith—and more than 20 employees from MS&P.
Anders CPA
NOVEMBER 4, 2024
Tax Manager Chrysa Cousley, MBA has been named has been named the 2024 Outstanding Young Professional by the Missouri Society of Certified Public Accountants (MOCPA). The annual MOCPA Impact Award for Outstanding Young Professional honors one CPA under the age of 35 who serves as an emerging and dynamic leader in the profession. This recognition highlights Chrysa’s dedication to the profession through mentorship, promoting financial literacy, encouraging others to pursue the CPA credential and h
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
CPA Practice
NOVEMBER 4, 2024
Top 30 accounting firm Sikich on Nov. 4 announced it has expanded its artificial intelligence capabilities with the launch of the firm’s new Sikich AI Solutions Studio and the appointment of Ray Beste as principal AI strategist. Ray Beste Building on established generative AI and data analytics strengths, the expanded AI offerings deliver innovative solutions that drive business growth and success, the Chicago-based accounting firm said.
Accounting Insight
NOVEMBER 4, 2024
Today’s Budget, coming just one day before Halloween, was packed with both frights and treats. With 70 policy decisions, the 168-page red book delivered a whole plethora of announcements, many of which were only touched on in the 77 minute speech. The Budget was replete with tax rises, spending changes and some targeted giveaways. With so many changes, it seems that tax simplification is a policy that will have to wait its turn.
CPA Practice
NOVEMBER 4, 2024
The 2024 study demonstrates Progress is being made in third-party risk management as respondents shifted focus from TPRM awareness and adoption to enforcement and compliance. That’s according to a new survey by BlueVoyant , a cyber defense company. The fifth annual global survey into supply chain cyber risk management highlights ongoing investment in technology and talent to enhance supply chain security.
Canopy Accounting
NOVEMBER 4, 2024
In this free eBook, "Future-Proofing Your Accounting Firm," you’ll learn data-backed strategies on AI integration, digital transformation, cybersecurity, and workforce planning—all critical to future-proofing your firm.
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
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