Mon.Nov 18, 2024

article thumbnail

4 Key Challenges of Accounting for AI Startups

BurklandAssociates

Learn about the unique challenges of accounting for AI startups, from revenue recognition to validating expenses for R&D tax credit and VC investment. The post 4 Key Challenges of Accounting for AI Startups appeared first on Burkland.

Account 147
article thumbnail

Gen AI speeds software development, heats up competition

Accounting Today

Accounting software development cycles will accelerate with generative AI, but so will competitive pressures.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Survey Shows CEOs Optimistic on Economy

CPA Practice

Middle market companies are confident in their ability to navigate inflation and a potential recession, according to a survey by Moss Adams , one of the largest accounting, consulting and wealth management firms in the nation. The survey shows that while most US CEOs and owners of mid-market companies are preparing for a potential economic decline—64 percent believe a recession is imminent and 88 percent are concerned with inflation—97 percent are confident in their ability to navigate inflation

Tax 115
article thumbnail

M&A roundup: Aprio, Opsahl Dawson and Doeren Mayhew expand

Accounting Today

Aprio acquires Kirsch Kohn Bridge; Opsahl Dawson adds Hauser Jones & Sas; and Doeren Mayhew acquires BHT&D CPAs.

cpas 119
article thumbnail

Building a Business Case for Finance Automation

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.

article thumbnail

What do you REALLY need to promote as an accountant?

Mark Lee

What do you really need to promote as an accountant? This is a simple enough question, and knowing the right answer could make a profound difference to the success of your practice. Let’s start with what you’re NOT promoting. Your time. It’s less common today than it was, but still there are plenty of people, including some accountants, who think accountants are selling their time.

Account 86
article thumbnail

Audit committees boost cyber, ESG expertise

Accounting Today

Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.

audit 111

More Trending

article thumbnail

IRS Cuts Tax Interest Rates For Q1 of 2025

CPA Practice

For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter, starting in January. The IRS announced on Monday that interest rates will decrease by a percentage point across the board for the calendar quarter beginning Jan. 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.

Tax 116
article thumbnail

AICPA-NASBA expand access to Experience, Learn & Earn Program

Accounting Today

The Experience, Learn & Earn program now allows accounting graduates who are unaffiliated with a participating firm or employer to sign up, as long as they are employed full time.

article thumbnail

AICPA and NASBA Partner to Ease Final 30 Hours of CPA License Education Requirement

CPA Practice

A pilot program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure now allows accounting graduates unaffiliated with a participating accounting firm or employer to sign up, as long as they are employed full time. The Experience, Learn and Earn (ELE) Program – jointly developed by the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA), and offered through Tulane University’s School of Professional Ad

article thumbnail

Building a better sales pipeline

Accounting Today

As firms grow, they need to move their sales pipeline from inside their head into a more formal process, says Sarah Dobek of Inovautus Consulting.

Sales 69
article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

The Young CPA Success Show: Mastering Your Niche in the Accounting World

Anders CPA

John Scott, Virtual CFO and Partner at Anders CPAs + Advisors, joins Hannah and Joey to discuss strategies for young accounting professionals to establish themselves as subject matter experts within their firms. They emphasize the importance of demonstrating interest in a niche, seeking mentorship, and mastering effective communication. Key takeaways include building strong client relationships, asking questions, and learning from mistakes.

CPA 52
article thumbnail

CRI and PKFOD receive outside investment

Accounting Today

Carr, Riggs & Ingram and PKF O'Connor Davies separately announced they scored funding from investment firms.

64
article thumbnail

What Does Fixed Assets Software Do?

CPA Practice

By Evan Croen Managing fixed assets data still represents significant challenges for tax professionals. Getting your fixed assets management wrong can lead to costly inefficiencies, longer quarterly and year-end closings, and poor internal controls that can cause material weaknesses and audit risks. But getting it right can lead to valuable tax savings opportunities, new efficiencies, and improved bottom lines.

audit 52
article thumbnail

A Guide to Fixed Monthly Accounting Pricing Models

Basis 365

As businesses grow, so do their accounting needs. Many companies struggle with balancing quality financial management with affordable costs, especially when faced with various pricing models for accounting services. Among these options, the fixed monthly accounting pricing model has emerged as a favorite for businesses that want predictable costs, scalability, and the best outsourced accounting services.

Account 52
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

article thumbnail

CPE Webinar: Top 10 Payroll Tasks to Prepare for Year-End

CPA Practice

Free webinar offering 1 CPE credit for participating in Patriot Software’s live webinar on December 4, 2024, at 2:00 p.m. (ET). Receive 1 hour of free CPE credit for participating in this live webinar Date: December 4, 2024 Time: 2:00 p.m. (ET) Host: Patriot Software, accounting and payroll software for businesses and accountants Duration: 1 hour Description: Get organized now for a hassle-free year-end with Patriot Software’s Training Director, Annie Hambach.

payroll 52
article thumbnail

Withum Launches Dedicated AI Services Website

Insightful Accountant

Comprehensive resource withum.ai to help businesses navigate artificial intelligence space.

52
article thumbnail

PKF O’Connor Davies to Get Outside Capital From Investcorp, PSP Investments

CPA Practice

PKF O’Connor Davies is getting an infusion of capital from Bahrain-based private equity group Investcorp and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, the Harrison, NY-based top 30 accounting firm said on Nov. 18. Financial terms of the deal weren’t disclosed. PKF O’Connor Davies said in a media release that the transaction has received regulatory approval and is subject to other standard closing conditions.

article thumbnail

Thomson Reuters Announces Partnership with Oracle

Insightful Accountant

Thomson Reuters has announced a partnership with Oracle which will turnkey integration with ONESOURCE Pagero and Oracle Cloud Enterprise Resource Planning, effectively transforming e-invoicing processes.

52
article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

article thumbnail

AICPA & CIMA Recognized as an Apprenticeship Ambassador by the U.S. Department of Labor

CPA Practice

The AICPA & CIMA , which together form the Association of International Certified Professional Accountants, has been recognized by the U.S. Department of Labor’s (DOL) Office of Apprenticeship as an Apprenticeship Ambassador. The Apprenticeship Ambassador Initiative creates a national network of employers, labor organizations, industry associations, program sponsors, educators, workforce intermediaries, minority-serving institutions, community-based organizations, and other stakeholders to

article thumbnail

Nomination Period Extended for 2025 ProAdvisor Awards

Insightful Accountant

Insightful Accountant is extending the 2025 ProAdvisor Award Nomination Deadline by three weeks until December 10, 2024. This extension applies for both the U.S. and International ProAdvisor communities.

Account 52
article thumbnail

CRI Goes Down the Private Equity Path For Growth

CPA Practice

On the same day top 30 accounting firm PKF O’Connor Davies announced it was receiving an outside infusion of capital , Enterprise, AL-based top 25 firm Carr, Riggs & Ingram (CRI) announced on Monday that it has wrapped up a private equity deal with private investment management firm Centerbridge Partners and venture capital firm Bessemer Venture Partners.

article thumbnail

IRS Proposal to Slash Third-Party Notice Period Draws Criticism

Insightful Accountant

In a move that could significantly affect how tax practitioners manage IRS information requests, National Taxpayer Advocate Erin Collins has voiced strong opposition to proposed IRS regulations.

Tax 52
article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

article thumbnail

Art of Accounting: 11th anniversary of weekly quick fixes

Accounting Today

Accountants and advisors do not live in a vacuum or are not cordoned off in a silo but are subjected to everything going on in the real world and in business and serving the needs of our clients.

Account 52
article thumbnail

From Training to Profit: Equipping Accountants to Deliver Game-Changing Client Education

Insightful Accountant

Training has emerged as an effective and a least costly client acquisition strategy for accountants. Beyond attracting new clients or moving clients further into your services funnel, it can also stand alone as a lucrative revenue stream.

article thumbnail

Expert Witness: Starting a Case

FraudFiles

Tracy Coenen talks about the steps she takes when she starts a new expert witness case. What documents should you ask for? What should you evaluate first?

52
article thumbnail

Transforming Accounting Workflows: Tommy Tsai on Coefficient's AI-Driven Spreadsheet Tools

Insightful Accountant

Join Gary DeHart as he interviews Tommy Tsai of Coefficient, to explore how spreadsheets are evolving with modern technology. Tommy shares his journey in startups and software engineering before discussing Coefficient's innovative features.

Account 52
article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

article thumbnail

Indiana CPA Society Announces 2024 Award Finalists

CPA Practice

The Indiana CPA Society (INCPAS) has announced the finalists for the 2024 INCPAS Awards honoring outstanding CPAs and related professionals in Indiana. All finalists and honorees are chosen by the INCPAS Awards Committee comprised of members of the Board of Directors. This year’s winners will be announced at the annual INCPAS CPA Celebration on November 22 at The Crane Bay Event Center.

Indiana 52
article thumbnail

Salary Sacrifice / Salary Exchange

Menzies

Menzies LLP - A leading chartered accountancy firm. One tax rise that Rachel Reeves did warn us of in advance of the budget was an increase in the employer Class 1 national insurance contributions rate. What was not expected was the significant lowering in the threshold at which this becomes payable. In summary, from April 2025 employers must pay national insurance at a rate of 15% (currently 13.8%) on employee earnings in excess of £5,000 (currently, £9,100).

article thumbnail

Trump and the GOP won a huge election for taxes. Now for the tricky part

Accounting Today

The numbers are getting murkier, and the politics with a slim majority in the House and the minutiae of Senate reconciliation rules look anything but easy.

Tax 78
article thumbnail

CONSIDERATIONS FOR LANDLORDS WHEN CUSTOMERS GO INSOLVENT

Menzies

Menzies LLP - A leading chartered accountancy firm. For landlords, dealing with insolvent tenants can create significant challenges, particularly in the case of corporate tenants. Such tenants can cause disruptions to rental income streams and create uncertainties. As a landlord, understanding your rights and options is crucial to mitigate risks and protect interests.

article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.