CTP
OCTOBER 30, 2024
Established, wealthy families have long leveraged the concept of a “family office” to preserve their wealth, ensure business succession, establish governance and control, and foster their family legacy. This type of specialized company has been gaining popularity—and many of them have been on the lookout for a tax planner to complete their financial advisory teams.
Xero
OCTOBER 30, 2024
There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to evolve the role of the modern accountant.
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AccountingDepartment
OCTOBER 30, 2024
In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. The recent budget has imposed significant challenges on businesses across the board, with the retail sector being particularly affected. The Chancellor has announced several policy changes and tax increases that will impact retail. 1.2% increase in Employers National Insurance Rates A 1.2% increase in Employers National Insurance rates will be a substantial burden on profitability, especially when combined with the reduction in the threshold fo
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.
ThomsonReuters
OCTOBER 30, 2024
← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable insights and strategies to address these challenges.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. A key theme of today’s budget was “Invest, Invest, Invest!” with the intention of driving economic growth. The chancellor has pledged over £100 billion of additional capital investment over the next five years which will be welcomed by this capital intensive sector. Sector representatives Make UK were specifically mentioned in the Chancellor’s speech, signalling the extent to which the budget intends to promote UK production and innovation. 7 K
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. Following Labour’s election win, they have gone ahead with their intention to impose VAT on education provided outside of the state sector. The current intention is that VAT will be imposed with effect from 1 January 2025. The draft legislation and HMRC’s guidance on how they see the legislation applying have been published, however the guidance does not provide clarity on all of the questions arising, or address concerns regarding the drafting
CPA Practice
OCTOBER 30, 2024
According to the results of a survey released today by the Center for Audit Quality (CAQ), concerns about a potential recession, ongoing inflation, and the U.S. election are fresh on the minds of audit firm partners as the start of 2025 nears. Now in its third year, the CAQ’s Audit Partner Survey asked 1,128 audit partners at the country’s leading public company audit firms about their views on the current business environment in the U.S.
Ryan Lazanis
OCTOBER 30, 2024
Client Accounting Services are red hot right now. Learn what they are, why they're important and a 7-step process on how to roll them out. The post Client Accounting Services? | Get Started in 7 Steps appeared first on Future Firm.
Canopy Accounting
OCTOBER 30, 2024
By now, you’re well aware of the rapid changes facing the accounting industry. And while the word “change” can elicit feelings of uncertainty, there’s one solution that will redefine the ways firms chart the future of accounting — collaboration. From advancements in AI to the growing talent shortage and competitive pressures, firms that band together will build a stronger, more resilient industry for decades to come.
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.
CPA Practice
OCTOBER 30, 2024
The Bonadio Group , a nationally ranked IPA Top 50 CPA firm and the largest independent provider of professional services in Upstate New York, will expand into the Mid-Atlantic region with today’s announcement that it will join with award-winning CPA advisory firm Cover & Rossiter (C&R). The merger is expected to close on December 1, 2024, when all employees of the Delaware-based CPA firm will join The Bonadio Group and C&R will begin to operate under The Bonadio Group brand.
Xero
OCTOBER 30, 2024
Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in the past few months, switching their focus from raising interest rates in an attempt to fight inflation, to cutting interest rates to boost growth.
Accounting Today
OCTOBER 30, 2024
Intuit announced new features and capacities, many of them within its QuickBooks line of products.
Accounting Insight
OCTOBER 30, 2024
Mimo’s suite of financial management tools enables businesses and accountants to easily manage money coming in and going out, and is already processing millions of pounds in payments for hundreds of SMBs each month Mimo is proud to announce the launch of its new Accounts Receivable (AR) product, Mimo Get Paid, designed to complement its existing Accounts Payable (AP) product, Mimo Pay.
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.
Accounting Today
OCTOBER 30, 2024
A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, according to a survey by the Center for Audit Quality.
Withum
OCTOBER 30, 2024
Microsoft Power Pages is a feature in Microsoft Power Platform that delivers a secure, enterprise-grade platform for creating, hosting and administering modern external-facing business websites. Power Pages empowers anyone, regardless of their technical skills, to build engaging and interactive web experiences using data from various sources, such as Microsoft Dataverse, SharePoint , Excel and more.
Accounting Today
OCTOBER 30, 2024
The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.
Insightful Accountant
OCTOBER 30, 2024
Intuit showcases innovation's to fuel accountant success and drive business grown by powering prosperity with AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow your business.
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
Accounting Today
OCTOBER 30, 2024
The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.
Ryan Lazanis
OCTOBER 30, 2024
Are you struggling to add advisory services without taking on all the work yourself? Learn how to delegate and make advisory work scalable. The post How to Delegate Advisory Work to Your Team appeared first on Future Firm.
Accounting Today
OCTOBER 30, 2024
Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.
CTP
OCTOBER 30, 2024
Family offices have been rising in popularity in recent years. These specialized companies focus on managing the wealth and the personal affairs of a family. Oftentimes, established, high-profile families need assistance managing their real estate, businesses, trusts, and other assets—this is where the help of a financial advisory team comes in. By working with a large CPA firm or another company offering family office services, families can maintain privacy, develop a unified strategy, establis
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Accounting Today
OCTOBER 30, 2024
The Top 50 Firm is expanding into Delaware with its latest M&A deal.
Shay CPA
OCTOBER 30, 2024
As accountants, we’re more than number-crunchers. We’re in the weeds with our clients, supporting them as they make decisions that shape the future of their companies. We routinely support startups with strategy and process development, laying the foundation they need to scale. And, finally, we found a way to prove that we have expertise that goes beyond the bookkeeping side of things.
Accounting Today
OCTOBER 30, 2024
Xero announced the winners of its annual Beautiful Business Fund competition, who each received a portion of $460,000 in prize money. Four were based in the US.
Anders CPA
OCTOBER 30, 2024
Wednesday, December 11 at 11:00 am CT Remain in compliance with both Section 1071 and the Home Mortgage Disclosure Act with an efficient application process. While financial institutions are correctly concerned about how Section 1071 implementation will impact their processes, don’t miss this HMDA refresher to help prepare for the March 1 st reporting deadline.
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?
Accounting Today
OCTOBER 30, 2024
The sofamaker agreed to pay $1.5 million to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. The government published its much-anticipated Employment Rights Bill on 10 October, to meet its promise to bring this in within its first 100 days in power. Hailed as “the biggest upgrade to workers’ rights in a generation”, the Bill and its accompanying Next Steps to Make Work Pay document, set out detailed plans about how they intend to bring these reforms into effect.
Accounting Today
OCTOBER 30, 2024
Far too often, accountants get put into a box, and people assume this is a single-path career. But that is far from reality.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. The latest budget has introduced considerable challenges for businesses across the board, with the property and construction sector facing a particularly strong impact. The Chancellor’s new policy changes and tax increases are expected to affect the property and construction sector. CGT Rates Private landlords who hold rental portfolios personally will be relieved that CGT rates on the sale of residential houses won’t be increased from th
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