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: 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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
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.
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
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.
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
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.
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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.
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
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: 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?
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.
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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.
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: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
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.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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