Wed.May 15, 2024

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Streamline Talent Decisions With AI-Powered Workforce Planning Tools

Acterys

Companies across industries use workforce planning tools to help them stay agile and responsive. While these tools are meant to help business leaders avoid common pitfalls like overstaffing or understaffing, there’s a notable disconnect in how they’re used. 67% of workforce planning leaders report that their organizations fail to effectively use data for workforce planning , according to research from Gartner.

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You can't maximize ROI without ROR

Accounting Today

As the cornerstone of the "Return on Relationship" methodology, a holistic financial plan unlocks a deep and meaningful understanding of a client's personal and business realities and goals.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. This article explores common tax compliance issues faced by nonprofits and how an Enrolled Agent (EA) can help resolve these problems, with references to relevant Internal Revenue Code (IRC) sections, preparation, planning and compliance requir

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Businesses worry about bribery and corruption impact

Accounting Today

Small and midsized business owners and their financial advisors have deep concerns about the damaging impact of bribery and corruption, according to a new survey.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. With AI, automation and other tools allowing professionals to be more productive than ever, which is essential for firm success, as well as to offset talent pipeline issues.

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IRS intensifies safeguards for transcripts, CAF security

Accounting Today

Tax professionals will need to take extra steps to get access to certain systems and information.

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NPAG shares pipeline survey results and solutions

Accounting Today

The National Pipeline Advisory Group identified six recommendations based on survey data to a address accounting's talent shortage, including rethinking CPA licensure requirements.

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Withum Team Members Honored at Innovate 100 by New Jersey Business Magazine

Withum

Withum is proud to share that Jim Bourke and Chris DeMayo were honored by New Jersey Business Magazine as part of their NJ Innovate 100 Celebration. The inaugural NJ Innovate 100 Celebration spotlights professionals dedicated to the progression of their industries and the overall innovative ecosystem in New Jersey. Innovation+, along with assistance from local business associations, compiled the lists to highlight professionals who value and utilize collaboration, and serve as catalysts for prog

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What Is IRS Notice 2024-35?

Cherry Bekaert

On April 16, 2024, the Internal Revenue Services (IRS) released Notice 2024-35 , granting relief for failure to make requirement minimum distributions (RMD) from a deceased individual’s Qualified Retirement Plan (QRP) accounts and inherited Individual Retirement Accounts (IRAs). How Beneficiaries Can Manage Retirement Account Distributions Most Americans own some kind of qualified retirement account (e.g., IRA, 401(k), 403(b) annuity) and leave the remaining balance in those accounts to their b

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

AccountingDepartment

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Better Data Management Strategies: Data Lake vs. Data Warehouse

Cherry Bekaert

Data drives key business decisions. Now more than ever, effective data management is important for the success of a company, yet many organizations still struggle with disparate date storage systems, leading to the inability to make critical business decisions based on key findings. In fact, fewer than 10% of enterprises are advanced in their insights-driven capabilities, a Forrester report found. 1 Organizations must have an effective data strategy to achieve successful business outcomes.

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Airwallex Bill Pay, now available with Xero

Xero

This guest blog was written by the team at app partner, Airwallex. Airwallex is excited to announce the release of its new Airwallex Bill Pay solution, taking hours out of paying invoices and automating the entire process in one place. With Airwallex Bill Pay, you can manage each step of paying a bill within the Airwallex platform, from uploading and importing invoices to approving and sending the payment, saving your finance team hours of manual work.

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KPMG Leads in IPO Audit Clients for Q1 of 2024

CPA Practice

KPMG audited the most newly listed companies in the first quarter of 2024, which saw 46 initial public offerings that raised a combined total of $8.9 billion, according to a new analysis from Ideagen Audit Analytics. The Big Four firm was the auditor for eight of the 46 IPOs, tops among the 20 different firms with at least one IPO audit client in Q1.

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A Closer Look at Your 401(k) Plan

Withum

Now that the ink has dried on your corporate tax return, it is time to consider your next important tax filing. If you sponsor a 401(k) plan with a December year-end, it is important to remember that your Form 5500 and audited financial statements, if required, are due July 31 with the option to file an extension, allowing an additional 2 ½ months to file.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Britons spent 798 years on hold to tax authority, watchdog says

Accounting Today

More than half of phone calls to HMRC are now going unanswered.

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Tim Ryan Is Dipping Out of PwC Early, the Leadership Transition Gets Bumped Up to RIGHT NOW

Going Concern

Wall Street Journal has reported that rather than wait until the end of PwC’s fiscal year on June 30 as planned, current PwC US Chair Tim Ryan is out and successor Paul Griggs officially stepped into his shoes on May 14. Ryan will be sticking around until May 31 and then he’s headed to Citigroup to serve as head of technology and business enablement.

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IRIS buys Utah-based Swipeclock

Accounting Today

U.K.-based IRIS Software announced its acquisition of Swipeclock, the Utah-based maker of solutions WorkforceHub and ApplicantStack.

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Rightworks Unveils Two New Security Offerings

CPA Practice

While Rightworks hosts its inaugural RightNOW conference in Austin, TX, the accounting-focused cloud solutions provider launched two new security offerings on May 15: Rightworks WISP and Total Security. The new solutions help accounting firms and small and midsized businesses (SMBs) create a Written Information Security Plan (WISP) to achieve regulatory compliance and protect both employee endpoints and networks while also enhancing Rightworks’ OneSpace secure cloud hosting platform.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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The Hidden Costs of Responding to IRS Notices: A Burden on Tax Practitioners

Insightful Accountant

Responding to IRS notices for clients is a time-consuming and costly task for tax practitioners, especially with the increase in notices post-COVID.

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Sales Tax FAQs for Fulfillment by Amazon (FBA) Seller Clients

CPA Practice

By Lindsey Raker. Are your clients considering becoming an Amazon seller? Bringing a business to one of the biggest marketplaces can have its advantages — according to Amazon, there are more than 200 million Amazon Prime members worldwide , and Amazon customers buy roughly 7,400 products per minute from U.S. sellers on the Amazon marketplace. That’s a huge number of Amazon customers their businesses can reach.

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Global trade disruptions and their impact on corporate tax and trade

ThomsonReuters

The world of global trade is experiencing a period of unprecedented disruption. Traditional routes and timelines are in disarray, throwing a wrench into the well-oiled machines of international commerce. These disruptions have a significant impact not just on logistics and delivery times, but also on corporate tax implications. Understanding the interplay between these factors is crucial for tax and trade professionals across multinational corporations.

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Gen Z and Millennials Are Optimistic and Focused on Purpose in Job Satisfaction Survey

CPA Practice

A new survey from Deloitte shows that GenZ and Millennial persons worldwide, although living through the pandemic and economic instability, are optimistic on the future for themselves and societty. “This year’s survey spotlights two generations who are grappling with financial insecurity, high stress levels, and mounting climate anxiety. They are also considering how rapidly evolving technology, like GenAI, will impact their jobs and their longer-term career decisions,” says Elizabeth Faber, Del

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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HMRC’s new Rules Bring Scrutiny to Vinted, Airbnb, and eBay Sellers

Menzies

Menzies LLP - A leading chartered accountancy firm. Are you selling on Vinted, Airbnb or eBay? As the digital marketplace continues to expand, so does the focus of tax authorities on income generated from online trading. In a bid to ensure fairness and compliance, HMRC is intensifying its efforts to track earnings from popular platforms, such as Vinted, Airbnb, and eBay.

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How to foster alignment and accountability with your partners

Accounting Today

A lack of partner alignment and accountability can get in the way of creating sustainable change.

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Gearing Up for the TJCA Fight

Insightful Accountant

Tax pros face challenges as Congress plans to extend the TCJA next year. Partisan bill passage in 2017 and turnover in the House Ways and Means Committee complicate the process. Pros await the outcome with uncertainty.

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IRIS Software Group Unveils IRIS Elements Central Business Review Client Dashboard Module 

Accounting Insight

From the Accountex show in London, IRIS Software Group , a leading global software provider of accounting, edtech, HR and payroll solutions, today unveiled IRIS Elements Central Business Review, a new client dashboard module for its IRIS Elements cloud software platform. This module will help IRIS Elements users facilitate advisory conversations with their clients and is available for demo for the first time at IRIS’ stand, 940, at Accountex.

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New Software & You: Elevating Your Tech Stack

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!

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Batch Import Journal Entries into QuickBooks

Insightful Accountant

You can now import 'Journal Entries' (in batch, if needed) into QuickBooks Online. Murph takes you step-by-step through the process.

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The Marketing Tactic You Should Be Using (But Aren’t)

Ryan Lazanis

To market to existing clients, you can use various strategies like newsletters, guides, etc. Learn which tactic is better than them all. The post The Marketing Tactic You Should Be Using (But Aren’t) appeared first on Future Firm.

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Successfully Bid on Government Contracts: What Contractors Need to Know

Withum

Bidding on government contracts requires meticulous preparation, a deep understanding of the procurement process, and the ability to navigate the complexities of government requirements. Contractors must be patient, resourceful, and ready to adapt to the evolving landscape of government needs and regulations. With the right approach, government contracts can offer substantial opportunities for business growth and expansion.

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The CannaBiz Success Show: How will the Reschedule Impact Cannabis Businesses? with Zach Huey

Anders CPA

Zach Huey, a cannabis business attorney at the Huey Law Firm, joins Guillermo as they discuss the impact of rescheduling on the industry, including effects on operators, investors, and state markets. Zach breaks down the dual market system in Missouri, which is aimed at protecting micro businesses from large operators, and the importance of vetting service providers for trust and transparency.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

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.