Accounting Today
MAY 22, 2024
Once you see how much more value you and your managers can deliver to the firm when you're freed up from doing routine client work, you'll never want to go back to the old way of doing business.
CPA Practice
MAY 22, 2024
By Eli Gill. We’re in the midst of a revolution in the AI space. Splashy public models like OpenAI and ChatGPT are in the spotlight, bringing AI into focus where it has previously been considered a non-essential function. The move from classical AI models to advanced generative AI promises a rapid and continuing evolution that has profound implications for businesses.
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Accounting Today
MAY 22, 2024
The long-time head of the AICPA — and one of the foremost leaders of the profession — will step down on Dec.
CPA Practice
MAY 22, 2024
Barry Melancon, CPA, CGMA, has announced that he will to retire on December 31, 2024, from his role as president and CEO of the American Institute of CPAs and CEO of the Association of International Certified Professional Accountants. Combined, the two organizations comprise the world’s largest membership of public and management accountants. Melancon has served in this role for 30 years.
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.
Accounting Today
MAY 22, 2024
The program with third-party tax vendors will continue for another five years despite the IRS's recent Direct File pilot test.
Going Concern
MAY 22, 2024
Stephen Foley at Financial Times wrote something today that may be of interest to high school freshmen bound for the CPA track one day, an article that suggests the AICPA is giving up the fight to save 150 hours. The leaders of the US accounting profession have signaled they could cut the education requirements for becoming an accountant, amid growing alarm about a shortage of new recruits.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
MAY 22, 2024
Contributor: Michael Wallach, Senior Manager, Tax Services Established by the Tax Cuts and Jobs Act, the Opportunity Zone program has been a focal point for investors seeking tax incentives while simultaneously revitalizing economically distressed communities. One crucial aspect of managing investments in Qualified Opportunity Funds (QOFs) is understanding the tax impact stemming from the disposition of Qualified Opportunity Zone Business Property (QOZBP).
Withum
MAY 22, 2024
Withum is proud to share that Nadia Matthie , Partner, has been appointed to the American Institute of CPA’s (AICPA’s) Employee Benefit Plans Expert Panel. Nadia Matthie has more than 25 years of experience in the profession serving single-employer benefit plans , multiemployer benefit plans and labor unions. She specializes in various types of benefit plans, including defined contribution plans, defined benefit plans, ESOPs, health and welfare plans, and other assurance services.
Canopy Accounting
MAY 22, 2024
The off-season is when you can examine how your tax season went and reflect on changes you can make for the next season. Sometimes, those changes are significant — new tech stack, hiring new employees, or increasing/decreasing your client list. Sometimes, those changes are minor and (hopefully) take less effort. If you've been keeping a pulse on the evolution of the accounting industry, you've realized that change is not just a necessity; it's imperative.
Accounting Today
MAY 22, 2024
They have oft-cited tax advantages, but the available research raises alarms about fees, interest rates and investing in assets other than cash.
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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.
CPA Practice
MAY 22, 2024
As new stars are about to be born through summer internships at public accounting firms across the nation, a new report found that employers across all professions are likely to bring on as many interns this summer as they did last summer. Overall, eight out of 10 employers taking part in the National Association of Colleges and Employers’ (NACE) 2024 Internship & Co-op survey expect to maintain (47.2%) or increase (32.2%) the number of interns they bring in, even though they anticipate th
Accounting Today
MAY 22, 2024
Large companies are bolstering their adjusted earnings per share by excluding items such as litigation expenses and amortization of intangible assets from their net income.
CPA Practice
MAY 22, 2024
By Laurent Charpentier. Goldman Sachs recently estimated that automating Accounts Payable processes can result in time savings of 70-80% for small and medium-sized businesses. Efficient accounts payable (AP) processes are crucial for maintaining a healthy cash flow and fostering strong relationships with suppliers. However, many organizations still rely on manual AP systems that are time-consuming, error-prone, and lack the visibility needed for strategic decision-making.
Accounting Today
MAY 22, 2024
If the current trend continues, more than 96,000 residents making a combined $19.2 billion in adjusted gross income are set to leave the state annually by 2030.
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.
Going Concern
MAY 22, 2024
AICPA President, CEO, and chihuahua juggling fan Barry Melancon is retiring at the end of this year. Reports Journal of Accountancy : Barry Melancon, CPA, CGMA, who guided the accounting profession in the United States into the digital age and led the transformation of the AICPA and CIMA into the world’s largest accounting membership body, announced Wednesday that he is retiring at the end of this year.
Accounting Today
MAY 22, 2024
OneStream debuted a series of AI solutions built for finance leaders.
CPA Practice
MAY 22, 2024
The American Institute of CPAs has selected Robert J. (Bob) Kueppers, CPA, as the recipient of the 2024 AICPA Gold Medal Award of Distinction. The Gold Medal is the highest honor granted by the AICPA. Since 1944, it has been bestowed upon CPAs whose influence on the accounting profession has been especially notable. Tracey Golden, Past Chair, AICPA and the Association of International Certified Professional Accountants, presented Kueppers with the award at the spring meeting of the AICPA gover
Accounting Today
MAY 22, 2024
Testifying at a London court from a Danish prison via a video call, Sanjay Shah insisted that his controversial so-called Cum-Ex trades were lawful and that any rumors circulated in the industry were merely due to jealousy.
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.
CPA Practice
MAY 22, 2024
The Center for Audit Quality has asked the Public Company Accounting Oversight Board for a 60-day extension on the comment period due date for two proposed standards the board released last month. The PCAOB issued a pair of proposals on April 9, one of which would require audit firms to publicly disclose a set of 11 metrics—including the involvement of partners and managers on an audit, auditor workload, and auditor turnover—on a new Form FM that would be accessible to investors.
Accounting Today
MAY 22, 2024
A PwC survey found that AI specialists can command a wage premium of up to 18% at accounting firms.
CPA Practice
MAY 22, 2024
Business accounting technology provider Sage says its net-zero targets have been validated by the Science Based Targets initiative (SBTi). Sage’s net-zero targets span all three emission scopes, aiming to achieve net-zero greenhouse gas (GHG) emissions across the value chain by 2040. As of the issuing of this press release, there were just over 3100 companies globally with an approved net-zero target, making Sage an early responder in business’ fight against climate change.
Menzies
MAY 22, 2024
Menzies LLP - A leading chartered accountancy firm. HMRC have an ongoing campaign to tackle non-compliance connected with offshore corporate entities owning UK property, and we are seeing an increase in this activity in 2024. What is ATED? The Annual Tax on Enveloped Dwellings (ATED) is an annual tax due where corporate entities – whether UK resident or not – own UK residential properties.
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.
Accounting Seed
MAY 22, 2024
Accounting plays a crucial role in the construction industry by ensuring efficient management of resources. After all, there are significant costs involved across every job, the two biggest being materials and labor. Everything—from job costing, inventory tracking, and time cards to overall project management—must be recorded and billed accurately to not only make sure your company profits, but also to understand what jobs of different sizes cost.
Menzies
MAY 22, 2024
Menzies LLP - A leading chartered accountancy firm. The Times has recently reported on leaked data which shows approximately 17,000 British citizens owned approximately 22,000 properties in Dubai as of spring 2022, and yet only 1,900 UK tax residents reported let property income from a Dubai property in the 2021/22 tax year. It is expected that most of these property owners will have let their property rather than retaining them solely for their personal use, meaning very few will have had no ta
Accounting Insight
MAY 22, 2024
Today, wealth platform Lightyear announces the launch of its high interest Vaults. These will pay UK savers 5.19% AER – the highest rate currently available out of all flexible interest-earning products with no strings attached in the UK 1. The Bank of England held the base rate at 5.25% on the 9th May; meanwhile data released on the 30th April shows that 65% of UK deposits – £1.16tn – is sitting in easy-access savings account with an average rate of 2.12% 2.
Menzies
MAY 22, 2024
Menzies LLP - A leading chartered accountancy firm. What is the LSS? The LSS provides HMRC with a framework to resolve tax disputes and applies to all disputes resolved through civil procedures, although it does not apply to criminal prosecution cases. HMRC must act in accordance with the principles outlined in the LSS and by doing so they avoid the risk of being accused of making so-called “sweetheart deals” with more powerful individuals or groups of taxpayers, an allegation that has been leve
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
Insightful Accountant
MAY 22, 2024
Bill Pay powered by Melio has been discontinued for QuickBooks Online users as of May 21st.
Ryan Lazanis
MAY 22, 2024
Implementing cybersecurity measures to safeguard your firm should be a priority. Discover in this episode why it's very important. The post Making Cybersecurity a Priority in 2024 appeared first on Future Firm.
Insightful Accountant
MAY 22, 2024
Sage Intacct Fundraising powered by DonorPerfect streamlines fundraising operations for nonprofits, freeing up time for them to focus on their mission impact.
ThomsonReuters
MAY 22, 2024
People who purchase software rarely get to talk to the product’s developers about the development process or the features and updates users can expect in future iterations of the product. But that’s precisely what happens at the Thomson Reuters annual Synergy conference , where product developers, software engineers, and other representatives from the company gather with users to share knowledge, discuss industry trends, listen to feedback, and peer into the future.
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