Wed.Jan 17, 2024

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Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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The Economic Outlook for Startups in 2024

BurklandAssociates

There are good reasons to be optimistic heading into 2024. Startup founders are advised to remain patient, listen closely to the market, and stay on top of tax obligations. The post The Economic Outlook for Startups in 2024 appeared first on Burkland.

Tax 147
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IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

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Deloitte Is Getting a New Office in Dallas

Going Concern

Fresh from Dallas Morning News : Another major tenant in one of downtown Dallas’ legacy skyscrapers is headed Uptown to a new building. Professional services firm Deloitte LLP plans to relocate its Dallas office from the former Chase Tower to the 23Springs office tower under construction in Uptown The new space is not just new to Deloitte, it’s brand new to everyone.

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Building a Business Case for Finance Automation

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.

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Nancy McClelland on Balancing Passion, Work, and Maintaining the Human Touch in AI

Canopy Accounting

Nancy McClelland, CPA & Owner of The Dancing Accountant discusses how she balances her love for dance, her passion for her profession, and her commitment to creating a caring and supportive workplace. It explores the opportunities and challenges presented by AI in accounting, showcasing Nancy's enthusiasm for embracing technology while also prioritizing the human element.

CPA 111
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Year-End Bonuses Shrunk 21% in 2023

CPA Practice

By Matthew Boyle, Bloomberg News (TNS) U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year , according to payroll software company Gusto, which tracks payments made by more than 300,000 small businesses.

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Intuit sues H&R Block over marketing claims

Accounting Today

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

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Oracle NetSuite Analytics Warehouse Driving Retail Growth

Insightful Accountant

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

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Complexities abound in debt and equity accounting and valuation

Accounting Today

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

Account 97
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FedNow: A Vital Tool for Accountants and Bookkeepers Now

Insightful Accountant

The financial landscape is transforming.

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Fall In Love With the Month-End Close

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.

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Citrin Cooperman acquires Mibar

Accounting Today

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

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Old Guy at PwC Wants Young People In the Office Because Something Something AI

Going Concern

Someone tweeted this to us yesterday and the topic looked so familiar we got confused, it seemed exactly like this story from last June (because who looks at publication dates right?). The tweet: What a coincidence that AI is going to lead to the things executives wanted to do anyway, like mass layoffs and forcing people back into the office pic.twitter.com/Ev0FdPYpZW — McRib Hard Seltzer (@kleib323) January 16, 2024 And this is from “ PwC Chair Basically Threatens AI Will Replace Yo

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PE firm Trinity Hunt Partners forms Springline Advisory with MarksNelson

Accounting Today

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

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Small Business Jobs See Small Decline as Overall Jobs Increase

CPA Practice

At the end of the final quarter of 2023 (October to December), U.S. small businesses with 1 to 9 employees employed 13,281,000 people nationally, according to the latest estimate from the Intuit QuickBooks Small Business Index. This is 14,000 fewer jobs than the previous quarter, following two months of declining small business employment in October and November (down by 0.11% and 0.28%, respectively) and a rebound in December, when employment increased by 0.28%.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Fujitsu takes $1B knock as post office scandal escalates

Accounting Today

Glitches in the Japanese technology titan's Horizon software led to hundreds of local U.K. sub-postmasters being wrongly convicted of theft and false accounting.

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BMSS Brings on CPA Firm Haddox Reid Eubank Betts

CPA Practice

Top 200 accounting firm BMSS Advisors & CPAs has combined with Haddox Reid Eubank Betts, a Ridgeland, MS-based CPA and advisory firm. Terms of the deal weren’t disclosed. Consolidated under the BMSS name, the combined firm has 32 partners and 125 CPAs for approximately 325 employees in total. Together with Haddox Reid, the combined revenue for BMSS will be roughly $63.7 million, which would put the firm among the 100 largest in the U.S.

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Lawmakers near Taiwan tax deal, risking anger from China

Accounting Today

The proposal would eliminate so-called double taxation of Taiwanese workers and firms in America.

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Bitcoin ETF: The Wait Is Finally Over!

Withum

The U.S. Securities and Exchange Commission (SEC) has approved the first exchange-traded funds (ETFs) that track the price of bitcoin, marking a major breakthrough for the cryptocurrency industry. 11 ETFs were simultaneously approved Wednesday January 10, 2024 by the SEC signaling a positive shift in the overall acceptance of digital assets as a legitimate financial product.

CPA 59
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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Varo Bank offering free tax prep

Accounting Today

The digital bank is giving accountholders free in-app preparation and filing services through Column Tax.

Tax 63
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Revolutionizing Lease Accounting: Using Technology and Software to Streamline Business Efficiency

CPA Practice

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. Until recently, spreadsheets held their ground as the go-to tool for accountants.

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Withum Extends Its Agreement With Premier Sports Network for 2024

Withum

Premier Sports Network is pleased to announce it has extended its agreement for a second year with Withum, a Top 25 Public Accounting and Advisory firm in the US. As a Player Care Partner at PSN, Withum has been able to grow its sports desk and portfolio, working closely with some of the highest-performing athletes in US sports. Withum’s Professional Sports Services Team members have actively engaged with the sports community by attending The United Soccer Coaches Convention, Super Bowl LVII, Ph

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S. The study analyzed online search data for terms relating to a list of careers—including “AI impact on …,” “will AI replace …,” and “how will AI affect …”—to determine America’s top five jobs with t

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Top Tax Efficiency Software

Insightful Accountant

Based on reviews and star ratings, here are the recommended tax practice tech stack options that will save you the most time this tax season.

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Accounting for Good Expectations for 2024

Accounting for Good

Accounting For Good’s expectations for 2024 see continuing service to not-for-profits with qualified accounting services tailored to your organisation.

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How to Identify Your Firm’s Ideal Clients

Ryan Lazanis

Working with ideal clients makes your business fun and easier to manage. Learn the reasons why it's important and how to identify your ideal clients. The post How to Identify Your Firm’s Ideal Clients appeared first on Future Firm.

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Vertex Wins IDC SaaS Customer Satisfaction Award for Tax

CPA Practice

Vertex, Inc. , a provider of tax technology solutions, has received IDC’s SaaS Customer Satisfaction Award for Tax. The 2023 SaaSPath Survey by IDC saw Vertex receive top ratings amongst SaaS Tax Vendors for overall customer satisfaction. The CSAT Awards, a customer satisfaction award program by IDC, recognizes top software-as-a-service (SaaS) vendors in each application market.

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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

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

It’s that time of year again. The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. It can all feel overwhelming, but laying out your to-dos helps to simplify things.

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Andersen Acquires California Firm and Opens San Diego Office

CPA Practice

The business consultancy firm Andersen has announced a new San Diego office as the firm expands its presence in Southern California. The move comes after the professionals from Reibman , a leading San Diego-based tax compliance and planning firm, joined Andersen. The new San Diego office is the latest move in Andersen’s aggressive growth strategy, following the firm’s February 2023 U.S. expansion in Orange County (Calif.), Pittsburgh and Des Moines; and the September 2023 launch of Andersen’

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Budgeting for New Hires: A Step-by-Step Guide

Inform Accounting

Are you gearing up to bring new talent on board? Don't let the complexity of budgeting for new hires overwhelm you. We've got your back with a straightforward guide to crafting a recruitment budget that makes sense.

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New Tech and Innovation at CES 2024

CPA Practice

This year marks the 100 th Anniversary of the Consumer Technology Association, the host of the International Consumer Electronics Show (CES) since 1969, which has bounced back from the COVID hiatus with over 135,000 attendees during its annual meeting in Las Vegas in early January. [ See Roman’s companion article on “Crazy Tech” from CES 2024.] While the primary focus in attending and perusing the show floors is to identify techs and trends targeted towards the accounting profession, we also com

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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.