AccountingDepartment
SEPTEMBER 12, 2024
Accurate accounting is at the heart of business success. Whether you're a budding startup or a seasoned enterprise, effective financial management significantly impacts your ability to make informed decisions, strategize for growth, and comply with regulatory requirements.
CPA Practice
SEPTEMBER 12, 2024
By Tod McDonald, CPA, CIRA. Fraud thrives on obfuscation. For decades, criminals have been exploiting the massive volume and complexity of financial data to steal and hide money. Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. As a result, fraudsters can get away with even the simplest schemes.
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Accounting Today
SEPTEMBER 12, 2024
The Internal Revenue Service and the Treasury Department issued proposed regulations Thursday offering guidance on the Corporate Alternative Minimum Tax.
CPA Practice
SEPTEMBER 12, 2024
The AICPA and the National Association of State Boards of Accountancy (NASBA) said on Thursday they are asking the public for feedback on a proposed new option for CPA candidates to meet their initial licensure requirements. The CPA Competency-Based Experience Pathway would provide an additional way for candidates to demonstrate their professional and technical skills after earning a bachelor’s degree and meeting their state’s requirements for accounting and business courses.
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.
Accounting Seed
SEPTEMBER 12, 2024
COLUMBIA, Md. – September 12, 2024 – Accounting Seed , a leading cloud-based accounting platform built on Salesforce, proudly announces its sponsorship of Dreamforce 2024. This prestigious event sponsorship comes on the heels of several significant product advancements for the company, including the launch of AP Automation , AR Automation and Multi-book Accounting.
CPA Practice
SEPTEMBER 12, 2024
Professionals on the Move is a highlight of recent staffing and promotion announcements from around the profession. James Burke Joins Herbein + Company, Inc.’s HR Consulting Practice Award-winning CPA advisory firm Herbein + Company, Inc. recently announced James Burke has joined the firm as a Senior HR Consultant in its HR consulting practice. In his new role, Burke will be instrumental in identifying and engaging potential clients, nurturing relationships—particularly in the financial service
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 12, 2024
AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Submits Comments on Domestic Content Bonus Credit Requirements The American Institute of CPAs (AICPA) recently provided recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) on interim guidance in Notice 2023-38 as updated by Notice 2024-41.
Summit CPA
SEPTEMBER 12, 2024
This is the final blog post in our metrics series, and with pipeline, it’s definitely a “last but not least” situation. In a professional service firm, clients are your lifeblood – and part of building a mature practice includes ensuring that there’s a steady flow of prospects moving through the pipeline, ready to turn into clients in the weeks, months and years to come.
Ryan Lazanis
SEPTEMBER 12, 2024
Do you know how to price your bookkeeping services? This guide helps you find the sweet spot to grow your business and please clients. The post How Much To Charge For Bookkeeping Services (Complete Guide) appeared first on Future Firm.
CPA Practice
SEPTEMBER 12, 2024
Global economic uncertainty is positively impacting how B2B order-to-cash processes are viewed by finance leaders, and generative artificial intelligence (AI) is optimistically viewed by a majority of CFOs as having a major impact on day-to-day financial activities, according to a new IDC InfoBrief study* commissioned by B2B order-to-cash software and digital payments market leader, Billtrust.
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.
Menzies
SEPTEMBER 12, 2024
Menzies LLP - A leading chartered accountancy firm. A significant legal update has been introduced in Parliament, which will bring greater clarity and protection for owners of Bitcoin and other digital assets. The Property (Digital Assets etc) Bill, unveiled on 11 September 2024, seeks to recognise digital holdings, including cryptocurrencies, non-fungible tokens (NFTs), and carbon credits, as personal property under English and Welsh law.
CPA Practice
SEPTEMBER 12, 2024
PwC is trimming approximately 2.5% of its U.S. workforce—roughly 1,800 employees—primarily in the Big Four firm’s advisory practice and products and technology operations, the Wall Street Journal reported on Sept. 11. The layoffs, about half of which are offshore, impact employees ranging from associates to managing directors and include business services, audit, and tax, the WSJ reported.
GrowthForceBlog
SEPTEMBER 12, 2024
8 min read September 12th, 2024 This year, the Baby Boomer generation is hitting what's being called "peak 65." This means that more people than ever before are reaching retirement age with over 11,200 Americans turning 65 every day in 2024. Baby Boomers are currently the CEOs of about 75% of all Fortune 500 companies, and according to the Exit Planning Institute's 2023 National State of Owner Readiness Report, Baby Boomers own 51% of businesses in the United States.
CPA Practice
SEPTEMBER 12, 2024
Marking its 11th anniversary, the 2024 Georgia Accounting Food Fight has concluded with resounding success, further cementing its commitment to ending hunger across the state. This annual fundraising campaign, a collaborative effort between Feeding Georgia and the Georgia Society of Certified Public Accountants, raised an impressive $347,591.16 — the equivalent of nearly 1.4 million meals.
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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.
Accounting Today
SEPTEMBER 12, 2024
The cutbacks are a sign of further retrenchment among the Big Four firms.
CPA Practice
SEPTEMBER 12, 2024
It’s an employers’ market, with the number of job applications growing four times faster than job openings. Despite these odds, top performing employees are quitting their jobs to look for better opportunities elsewhere. That’s according to the new semi-annual Global Workforce Report from Workday, Inc. At the same time, organizations are turning to AI to transform how they find and keep their best people.
Accounting Today
SEPTEMBER 12, 2024
Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.
Xero
SEPTEMBER 12, 2024
In today’s rapidly evolving accounting landscape, embracing cloud technology is no longer optional – it’s essential. But for many small firms, navigating the sea of available solutions can be overwhelming. That’s where Xero ambassadors like Scope Solutions come in, bridging the gap between cutting-edge technology and practical implementation.
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
Accounting Today
SEPTEMBER 12, 2024
Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.
CPA Practice
SEPTEMBER 12, 2024
The Internal Revenue Service has issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax (CAMT). The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. The CAMT generally applies to large corporations with an average annual AFSI exceeding $1 billion.
Accounting Today
SEPTEMBER 12, 2024
The House Ways and Means Committee voted to advance a set of five tax-related bills, including one that would eliminate a twice-delayed requirement to report payments of at least $600 received through third-party networks like Venmo.
Cherry Bekaert
SEPTEMBER 12, 2024
The technology industry is one of the most dynamic and ever-changing sectors, with new innovations and advancements being added to the field every day. It should come as no surprise, then, that as a tech company grows, so do its accounting needs. Accounting presides over each growth stage. From the startup to the maturity stage, the need for accurate and timely financial reporting becomes increasingly important.
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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.
Accounting Today
SEPTEMBER 12, 2024
Whether your firm has a vibrant wealth management division or not is irrelevant when it comes to offering family office services: Consider it outsourced CFO work, except for a family rather than an entity.
Going Concern
SEPTEMBER 12, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22480782 Certifications: CPA in process Education: BA Accounting, MS Accounting / Tax
Accounting Today
SEPTEMBER 12, 2024
CPA firms are perfectly positioned to provide advisory and assurance services on ESG reporting, given their infrastructure around audit quality, independence requirements, and professional development.
Reckon
SEPTEMBER 12, 2024
Ever had a question about Reckon? Chances are Rav Singh has an answer for you. Rav moderates the Reckon Community, a forum where members can discuss and discover all things Reckon. This week, we sat down with him to get the inside scoop on what makes the Reckon Community tick. This interview has been edited for clarity 1) To start things off, Rav, what is the Reckon community?
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.
Withum
SEPTEMBER 12, 2024
The Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, indeed stands as one of the most significant overhauls of the U.S. tax code in the last 30+ years. Many of the tax changes in the 2017 TCJA, however, may not be here to stay and are scheduled to sunset between 2025 and 2028, if not extended by Congress. With this, it is crucial for businesses and individuals to be aware of these upcoming changes and plan accordingly.
Insightful Accountant
SEPTEMBER 12, 2024
In this episode of the Accounting Insiders Podcast, hosted by Gary DeHart, we preview Xerocon 2024 in Nashville, and the exciting Be Insightful premium content program. Travel expert Gina Allard joins us with tips on how to maximize a travel budget.
CPA Practice
SEPTEMBER 12, 2024
The pay penalty for teachers—the gap between the weekly wages of teachers and other college graduates—grew to a record 26.6% in 2023, according to a new report from the Economic Policy Institute and the Center for Economic and Policy Research. This relative pay penalty—which is adjusted for education, experience, and demographic characteristics—increased despite a small improvement of 1.7% in teachers’ average weekly wages in 2023, from $1,384 to $1,408.
Shay CPA
SEPTEMBER 12, 2024
This year, Shay CPA hosted its third annual company retreat in the heart of New York City, an event packed with learning, connection, and celebration. From engaging presentations to immersive team-building workshops and a fun-filled final day, the retreat offered our mostly remote team the chance to bond, reflect, and look ahead. Day 1: Reflecting on Growth and Celebrating Milestones The Shay CPA Team (from left to right) Jay, Grace, Surendra, Nina, Kimberly, Akshay, and Dhelis The retreat kicke
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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.
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