Mon.Nov 18, 2024

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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.

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Streamline tax time: Xero now supports partnership tax in the UK

Xero

We’re excited to announce that partnership tax has arrived in Xero Tax. You can now manage most of your clients’ tax needs – corporate, personal, and ordinary partnerships – in one simple, secure platform. No more juggling multiple tools or battling complicated software. By managing partnership tax in Xero, you can remove some of the stress around tax time for your practice and your clients.

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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

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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.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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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.

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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.

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More Trending

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Gen AI speeds software development, heats up competition

Accounting Today

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

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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.

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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.

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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.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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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.

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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.

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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.

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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.

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Forecasting Failures Are Costly: Heres 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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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.

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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.

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CRI and PKFOD receive outside investment

Accounting Today

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

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Withum Launches Dedicated AI Services Website

Insightful Accountant

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

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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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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

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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.

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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.

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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.

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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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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.

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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.

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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?

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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.

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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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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).

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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.

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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.

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How Paid Search Marketing Can Transform Your Bottom Line

Summit CPA

As digital marketing techniques continue evolving, many small to mid-sized businesses need help to keep up. With the rise of social media, influencer marketing, and content marketing , trying to determine the best way to market your business can feel overwhelming. Fortunately, there are some tried and true digital marketing methods that you can leverage with a little help.

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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.