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.
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.
Advertiser: Paycor
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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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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
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.
Withum
NOVEMBER 4, 2024
Withum is excited to welcome Steven Menna as a Partner in our Financial Services Team. Menna, who brings extensive experience and innovative leadership, will spearhead the firm’s national alternative investments expansion, focusing on the Southeast and Southwest regions. “I’m thrilled to be joining Withum’s dynamic team and advancing the firm’s presence and success nationally with concentrations from the southeast to the Southwest.
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.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
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).
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.
CPA Practice
NOVEMBER 4, 2024
According to recent data, 78% of employees say they’re more likely to stay at a job based on the benefits offered. Furthermore, the cost of replacing an employee can be between one-half and two times the departing employee’s salary. To discover which industries offer the most comprehensive employee packages, international telecom provider TollFreeForwarding.com gathered new data to rank 16 industries on their employee benefits.
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: 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.
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 Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.
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
Private equity is a solution to many firm problems — but not for all firms. Allan Koltin dives into who might be a good fit for PE, and more.
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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.
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
Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.
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.
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
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.
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.
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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
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
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.
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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