Fri.Nov 10, 2023

article thumbnail

Texas hits EY with $3M penalty

Accounting Today

The fallout from a CPA exam cheating from last year continues down to the state level.

Texas 133
article thumbnail

EY Survey: Students and Executives Alike Support Alternate Pathways to CPA Licensure

Going Concern

The EY Accounting Professional of the Future survey has gotten some interest around the profession since it was publicized last week, as it should due to its unique approach of tapping the thoughts and feelings of different cohorts. To farm the results, EY surveyed and interviewed more than 1,000 people across two groups: college students with an academic focus in business or science, technology, engineering and/or math (STEM) fields and senior management leaders and executives from large, publi

CPA 104
Insiders

Sign Up for our Newsletter

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

article thumbnail

Smoother sailing for next tax season?

Accounting Today

The IRS and preparers are preparing to navigate the filing season ahead.

Tax 122
article thumbnail

State CPA Societies in Action: Ohio Society of CPAs

CPA Practice

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. We work with public, private and not-for-profit organizations of every size and sector, leading healthy exchanges between business leaders and policy makers to drive initiatives such as a fair and predictable tax environment in Ohio. [ State CPA Societies in Action is a series of articles spotlighting the varie

Ohio 95
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

Tough budget decisions ahead as state tax revenue drops

Accounting Today

Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.

Tax 121
article thumbnail

Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023

KROST

PASADENA, CA – The Los Angeles Business Journal (LABJ) recognizes KROST CPAs & Consultants as one of the Top Fastest Growing Private Companies in 2023. The prestigious award is given each year to companies that have demonstrated outstanding growth in revenue, market share, and overall success in Los Angeles County. KROST has now been named the Top Fastest Read the full article.

cpas 90

More Trending

article thumbnail

The Technology Lab Podcast – Review of SmartVault and DocDown – Nov. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss SmartVault and DocDown. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F. Tankersley, CPA.CITP, CGMA. Randy Johnston One. Welcome to today’s Tech Technology Lab. I’m Randy Johnson with co host, Brian Tankersley.

article thumbnail

Tech News: Intuit shutters Mint

Accounting Today

Plus, Results Software returns to original ownership; Tax Autopilot applies generative AI to federal and state tax filing; and other accounting tech news.

article thumbnail

Construction Company Budget Vs. Cash Flow

Randal DeHart

Finding some certainty can make all the difference in the unpredictable construction business world. While the future remains a mystery, budgeting and cash flow forecasting tools can significantly reduce uncertainty, allowing you to anticipate challenges, learn from past events, and enhance your ability to navigate your business. Budget vs. Cash Flow: the crucial distinction A common misconception is that a budget and cash flow are interchangeable.

article thumbnail

Survey finds 37% have already laid off workers due to AI

Accounting Today

A recent survey of finance leaders has found that 37% have already laid off workers because AI made their positions unnecessary, and 44% anticipate such layoffs to continue next year.

Finance 101
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.

article thumbnail

How a Point-of-Sale System Can Help on Small Business Taxes

CPA Practice

By Eric Thornton. For many small business retailers, managing a point-of-sale (POS) system comes with the territory of owning a store. With these systems, owners are able to manage things like inventory, scheduling, and more. But, every year, these businesses must also prove that they’ve kept track of sales and are correctly reporting their earnings.

Sales 74
article thumbnail

Tech startup faked an audit report, and more: SEC

Accounting Today

The former co-CEOs of Bitwise Industries used a number of fake documents to help raise money from investors.

audit 80
article thumbnail

The Introvert's Guide to Networking at QBConnect

Insightful Accountant

Picture yourself at QB Connect, casually mingling with industry bigwigs, tech wizards, and soon-to-be buddies. With these three simple tips, you'll be ready to conquer the challenge.

69
article thumbnail

On the move: Forvis expands to San Francisco Bay area

Accounting Today

CohnReznick names chief people officer; Moss Adams adds to forest products practice; and more news from across the profession.

75
article thumbnail

The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

article thumbnail

AICPA Honors 11 Forensic and Valuation Professionals

CPA Practice

The AICPA recently recognized the contributions of 11 finance professionals during the 2023 AICPA & CIMA Forensic and Valuation Services Conference held in Las Vegas in November. AICPA, as part of the Association of International Certified Professional Accountants, hosts this annual conference to provide the profession with cutting-edge information on new technology and quality networking opportunities.

article thumbnail

Tax Strategy: Guidance on the Clean and Used Clean Vehicle Credits

Accounting Today

Proposed regulations from the IRS are generally effective beginning in 2024.

Tax 75
article thumbnail

Brighter Thinking Business Club Breakfast Seminar – Wednesday 29th November

Menzies

Menzies LLP - A leading chartered accountancy firm. We would like to invite you to our next in person Brighter Thinking Business Club breakfast seminar on Wednesday 29th November which will feature insightful presentations from our experts. We hope you are able to join us! Topics include: Revisiting Members’ Voluntary Liquidations (“MVLs”) – Jonathan Bass & Jessica Le The Autumn Statement and how this could affect your clients – Stephen Hemmings This interactive session will last

article thumbnail

Why End-User Training Is Essential for a Successful NetSuite ERP Implementation

Withum

End-user training is a vital component of a successful ERP implementation. ERP systems are complex, integrated software solutions that can impact all aspects of an organization’s operations; from finance and supply chain to human resources and customer relationship management. To ensure that an ERP implementation delivers its intended benefits and operates smoothly on go-live, end-user training is essential.

article thumbnail

2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

article thumbnail

Texas Cities Lead Nation in Workers Returning to the Office

CPA Practice

By Steve Brown, The Dallas Morning News. (via TNS) A greater percentage of workers in Texas’ major metro areas are back in the office compared to other U.S. markets. But more than three years after the pandemic sent employees home, office businesses are still struggling to get everyone back at their desks. Austin, Houston and Dallas lead the country in the share of workers back in the building, according to a new report from commercial property firm Transwestern.

Texas 52
article thumbnail

Remembering Veterans

Withum

November 11th is celebrated as Veteran’s Day, and along with Memorial Day, it is a solemn remembrance of the brave people who served in our armed forces to protect the freedoms and way of life we benefit from and enjoy. This year, two brave men that I was friends with passed away. Both served and fought in World War II in Europe, and both led exemplary lives.

article thumbnail

HBK Merges in New York CPA Firm Zapken & Loeb

CPA Practice

Top 50 accounting firm HBK CPAs & Consultants has combined with Zapken & Loeb, a Woodbury, NY-based 70-person CPA firm that provides accounting and business consulting services to business owners, executives, and independent professionals. The merger became official on Nov. 1. As a result of the merger, Zapken & Loeb partners Tanvi Shah, Alex Charitos, Nachu Vellayappan, Kieron Ludde, and Scott Anderson are now principals at HBK.

article thumbnail

Innovation Meets Incentives: Grants Available to Massachusetts Life Sciences Companies

Withum

Are you a Massachusetts non-profit or academic institution with a focus in life science? Or perhaps you’re a for-profit Massachusetts life science company, collaborating with a Massachusetts non-profit. If so, you should be aware of the following grant programs with application deadlines rapidly approaching on November 17, 2023. You may be eligible for the following programs, administered by the Massachusetts Life Sciences Center: Bits to Bytes Amount of Grant: Up to $750,000.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

Financial Cents Adds Integration with Adobe eSignature

CPA Practice

Financial Cents, an accounting workflow software provider, has added integration with Adobe eSignature. This collaboration aims to streamline the way accounting and bookkeeping firms handle document signing, offering a seamless and efficient workflow that enhances productivity and improves client experience. The integration allows Financial Cents users to effortlessly request, track, and manage signatures directly from their Financial Cents dashboard, eliminating the need for manual processes an

article thumbnail

Why is the rent going up – again?

Menzies

Menzies LLP - A leading chartered accountancy firm. There are many challenges around the cost of living and the cost of doing business. The Bank of England’s measure of inflation, the Consumer Price Index, has been above 5% since November 2021 and the Bank’s base rate of interest began to increase shortly thereafter. As the cost of finance has become more expensive, businesses are faced with the choice of profits being squeezed (or even eradicated) or passing on the costs to customers.

article thumbnail

Indiana CPA Society Welcomes 2023-2024 Class of INCPAS Scholars

CPA Practice

The Indiana CPA Society (INCPAS) is has announced the latest class of INCPAS Scholars. The INCPAS Scholars is a free, year-long program designed to help high school students learn about accounting and the CPA profession. This national award-winning program provides monthly career and college-prep events, as well as a dedicated mentor for each Scholar throughout the year.

Indiana 52
article thumbnail

Adapting to Change: The Path to Sustainable Investing in a Shifting Regulatory Landscape

Menzies

Menzies LLP - A leading chartered accountancy firm. In this article, we examine how investment managers are responding to environmental challenges and heightened climate change awareness. Emphasising the significance of long-term investment considerations, we highlight the advantages of sustainable investing, including increased financial resilience and access to expanding markets.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Sikich Goes Shopping in Cleveland, Acquires Thornhill Financial

CPA Practice

Top 30 accounting firm Sikich has signed an agreement to acquire the operating assets of Thornhill Financial, a Cleveland-based accounting firm that provides tax, audit, and financial advisory services. The deal, which was announced on Nov. 9, is expected to close at the end of this month. Thornhill Financial employees will continue to work out of their office in the Cleveland-Akron metro area and will integrate several current Sikich professionals into their office space.

Ohio 52
article thumbnail

Moving office and managing change

Menzies

Menzies LLP - A leading chartered accountancy firm. Change is inevitable in the workplace. It may be due to advances in technology, market changes, organisational restructuring, or global crises; whatever the reason, organisations must adapt to remain competitive and relevant. Managing change can be a challenging task that requires careful planning, effective communication, and strong leadership.

article thumbnail

Financial Statements and Informed Business Decisions: A Guide to Financial Management

Canopy Accounting

Understanding an organization's financial health is akin to deciphering a foreign language. This language communicates the story of a company's operations, profitability, and cash flow. Welcome to the world of "Basic Financial Management," a transformative course that equips you with the tools to navigate and interpret the three fundamental financial statements – the Balance Sheet, Income Statement, and Cash Flow Statement.

article thumbnail

Why diversity in the boardroom is crucial

Menzies

Menzies LLP - A leading chartered accountancy firm. The lack of diversity within corporate boardrooms remains a significant challenge in today’s business landscape. While progress has been made in recent years, the representation of individuals from diverse backgrounds, particularly in terms of race, ethnicity, and visible disabilities, remains disproportionately low.

article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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