CPA Practice
MAY 9, 2024
Beginning in January, you’ll be able to contribute more to your health savings account (HSA), as the IRS released its annual inflation adjustments for HSA owners on May 9. For calendar year 2025, the annual contribution limit for an individual with self-only coverage under a high-deductible health plan (HDHP) will be $4,300. For an individual with family coverage, the amount will be $8,550.
Accounting Today
MAY 9, 2024
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
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Cherry Bekaert
MAY 9, 2024
For many architecture and engineering (A&E) firms, overhead rate audits are a critical aspect of financial management since they can be a great way for firms to recoup incurred costs necessary to run their business from the government. An overhead rate, also known as an indirect rate, is the percentage of indirect costs that are allocated to a contract or project.
Accounting Today
MAY 9, 2024
Overall, a better experience, but there were still some bumps on the road to April 18.
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 9, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, look the Digilence Experience Cloud , a cloud-based digital intelligence solution for accounting firms. The Digilence Cloud accelerates the digitization of inefficient, repetitive processes across audit, tax, client accounting, and other back-office functions. Use the video player below to watch, or the podcast player below to listen to the podcast. – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated t
Accounting Today
MAY 9, 2024
CliftonLarsonAllen, a Top 10 Firm, has acquired Engine B, a London-based company that helps accounting firms get more insights from their clients' data, effective May 1.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
MAY 9, 2024
The House passed a bill that would repeal the SEC's SAB 121, which requires custodians to list digital currency as a liability on their balance sheets. However the president said he'd veto the bill.
Insightful Accountant
MAY 9, 2024
While we received some 'generic' App interest to our last posting, Insightful Accountant is currently looking for a few good ProAdvisors who can provide analysis specifically of eCommerce apps.
Accounting Today
MAY 9, 2024
Sikich LLC, a Top 50 Firm based in Chicago, has snagged a $250 million minority investment from private equity firm Bain Capital to fund further acquisitions and growth, becoming the latest in a series of firms to score PE money.
AccountingDepartment
MAY 9, 2024
The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors. However, technology has revolutionized business processes by simplifying accounting and ensuring DCAA compliance.
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!
Accounting Today
MAY 9, 2024
An interpreter for the Los Angeles Dodgers star has agreed to plead guilty to criminal charges including filing a false tax return after secretly transferring about $17 million from the player's account to pay off gambling debt.
CPA Practice
MAY 9, 2024
Michael Sasso Bloomberg News (TNS) Score a victory for Mayberry. America’s small towns, like the iconic setting of television’s The Andy Griffith Show from the 1960s, saw more in-migration in 2023 than larger areas for the first time in decades. The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard.
Accounting Today
MAY 9, 2024
The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.
Cherry Bekaert
MAY 9, 2024
The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. Although this new guidance centers around risk, GASB 102 does not define risk.
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.
Accounting Today
MAY 9, 2024
Bodies of evidence; the Ultimate crime; one expensive ghost; and other highlights of recent tax cases.
CPA Practice
MAY 9, 2024
The IRS said Thursday that interest rates will remain the same for the calendar quarter beginning on July 1. The interest rate for tax overpayments and underpayments for individuals will be 8% per year and 7% for corporations, compounded daily. Interest rates have stayed at their current levels since the fourth quarter of 2023 , when they increased from 7% for individuals and 6% for corporations.
Accounting Insight
MAY 9, 2024
IRIS Software Group (IRIS), a leading global software provider of accounting, edtech, HR and payroll solutions, today unveiled a series of product updates for its unified cloud accountancy platform, IRIS Elements , designed to automate workflows so accountancy practices can further digitise their operations without having to switch between multiple applications.
CPA Practice
MAY 9, 2024
You have a ton of content on your website. But are you marketing it as effectively as you can? Maybe you don’t have time or can’t be bothered. Maybe you aren’t sure how to do it. I’m here to let you in on Copilot’s tricks to help you be more effective with your marketing initiatives. What is Copilot? According to ChatGPT, “Microsoft Copilot is an AI-powered code completion tool developed by GitHub in collaboration with OpenAI.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Withum
MAY 9, 2024
In two weeks, I will be teaching a graduate course on audit concepts and methods to accounting students at Fairleigh Dickinson University. I’ve taught this previously and certainly know the material. However, my role is not just to teach the material but to excite them about accounting as a profession and auditing in particular and share my pride in the vital role auditors play in our ecosystem.
CPA Practice
MAY 9, 2024
More than three-fourths (77%) of tax professionals believe AI technology can be applied to their work, and more than half (56%) of in-house corporate tax teams think their external tax advisers’ firms should be using AI, shows a new report by Thomson Reuters. Thomson Reuters 2024 Generative AI in Professional Services report shows views towards AI among tax professionals have shifted significantly in the last twelve months.
Insightful Accountant
MAY 9, 2024
Tax pros post-tax season: vacation or dive into to-do list? Heavy workload can overwhelm, hindering productivity. Strategic techniques help navigate overwhelm efficiently and reduce stress.
CPA Practice
MAY 9, 2024
In what is the top 10 accounting firm’s first deal outside the U.S., CliftonLarsonAllen (CLA) said Thursday that it has acquired London-based Engine B, a technology company that specializes in delivering generative AI solutions for the professional services industry. “This strategic move—CLA’s first global acquisition—underscores the firm’s commitment to harnessing cutting-edge technology to enhance client service and enable CLA professionals to focus more on client engagement, pursuing new busi
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Accounting Today
MAY 9, 2024
The first step in identifying invoice fraud and stopping it is knowing what you're looking for.
Insightful Accountant
MAY 9, 2024
A new 'Generative AI' report from Thomson Reuters shows 60% of corporate tax professionals now believe Gen AI should be applied to their work, up from 53% in 2023.
Reckon
MAY 9, 2024
Here at Reckon, our primary concern is the wellbeing and prosperity of Australian small and medium businesses. So, with the Federal Budget looming, we wanted to understand what they were really looking for. What measures are important to small businesses? We conducted a study to get to the bottom of what businesses want to see on 14 May 2024 when the Federal Budget drops.
CPA Practice
MAY 9, 2024
Sikich has locked up a $250 million minority investment from private equity firm Bain Capital to support the top 30 accounting firm’s aggressive growth strategy, focused on acquisitions and strategic partnerships. As part of the deal, Sikich maintains majority control of the company and its existing executive and leadership teams, led by CEO Christopher Geier.
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Summit CPA
MAY 9, 2024
Cash flow forecasting seems like a simple process, but it’s the most fundamental part of running a business. Forecasting helps you determine if you have enough money to keep the lights on, avoid overdrawing on your line of credit, send your employees home with paychecks, etc.
Cherry Bekaert
MAY 9, 2024
In the latest episode of the Talkin’ Talent, Sam McCarthy, Director at Cordia Resources by Cherry Bekaert, is joined by Tori Mitchell, SHRM-CP, Talent Acquisition Leader at Juno Search Partners. They discuss how the HR recruiting landscape has changed since the COVID-19 pandemic and what the next 12 months have in store. They also delve into why working with an HR recruiter can be beneficial in this complicated hiring market, common mistake leaders make when hiring for HR and what to do instead.
CPA Practice
MAY 9, 2024
Arvo Tech , which provides tax strategy solutions for small businesses, is launching a new version of its Work Opportunity Tax (WOTC) Credit program survey. The survey helps employers improve employee application rates and gather the data they need to take advantage of federal and state incentive programs aimed at helping them and increase WOTC certification rates.
ThomsonReuters
MAY 9, 2024
Jump to: Implications of the Corporate Transparency Act Congressional considerations and proposed solutions Evolving attitudes and potential changes to the Corporate Transparency Act To catch up with the Corporate Transparency Act, read our introductory blog below: Are you ready? The Corporate Transparency Act becomes effective Jan 1, 2024 In an effort to combat money laundering, tax fraud, and other illicit activities, the Corporate Transparency Act (CTA) was enacted in 2021 and became effe
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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