Tue.Aug 20, 2024

article thumbnail

2024 Pricing Strategies & Insights for Accountants & Bookkeepers

Accounting Insight

The accounting and bookkeeping industry has always been dynamic, with constant changes in regulations, client expectations, and technology. One critical area that often gets overlooked in the rush to provide excellent service is pricing. Are your fees keeping up with the value you provide? How do you compare to others in your industry? These are questions that every accountant and bookkeeper should be asking as we move into 2024.

article thumbnail

Not So Simple Sales Tax Rules for Contractors | TaxConnex

TaxConnex

At first glance, the sales and use tax requirements for a contractor seem quite simple. Contractors are typically considered the end-user/consumer of all tangible personal property purchased and used by them in conjunction with the performance of a contract to improve real property. As such, all purchases by a contractor are usually subject to sales and use tax.

Sales 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Financial Reporting for Board Meetings for Early-Stage Startups – Part 1, Reporting Best Practices

BurklandAssociates

Increase trust with your board and improve meeting outcomes; key strategies for presenting crucial financial data. The post Financial Reporting for Board Meetings for Early-Stage Startups – Part 1, Reporting Best Practices appeared first on Burkland.

147
147
article thumbnail

SEC approves tougher rules around auditor 'negligence'

Accounting Today

The commission approved proposals from the PCAOB around contributory liability, the responsibilities of the auditor, and technology-assisted data analysis.

auditor 133
article thumbnail

What Your Financial Statements Are Telling You—And How to Listen!

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.

article thumbnail

How to Optimize Operational Expenses to Balance Growth and Profitability

CPA Practice

By Michael Burdick. In a competitive market, it’s essential to optimize operational expenses (OpEx) by balancing cost management with strategic investments to manage both profitability and growth potential. Businesses should focus on the role of technology, fractional talent, and strategic decision-making as they explore how to best optimize operational expenses while maintaining growth opportunities.

article thumbnail

Unauthorized access of tax returns rebounds, disclosure violations stay low

Accounting Today

In 2023, 125 violation cases of unauthorized access of tax return data were reported, the highest since 2018, but instances of disclosure violations remains low.

More Trending

article thumbnail

EisnerAmper adds Krost CPAs

Accounting Today

EisnerAmper, a Top 25 Firm based in New York, is adding the partners and colleagues of Krost CPAs, a Top 100 Firm based in the Los Angeles area, in a combination expected to close in September.

cpas 124
article thumbnail

Revenue Forecasting for Growth: How to Create and Hit Your Target

Summit CPA

How to use a revenue forecast to create and hit your business targets.

105
105
article thumbnail

Guidance issued on matching contributions for student loan payments

Accounting Today

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

Tax 116
article thumbnail

LeaseCrunch Offers Webinar to Master Lease Modifications and Remeasurements

CPA Practice

LeaseCrunch LLC , a leading lease accounting software company, announces a webinar to help CPA firms and organizations master the complexities of lease modifications and remeasurements under ASC 842. The webinar is being offered on August 28 at 1:00 p.m. CDT and will equip accounting professionals with the knowledge needed to identify reassessment triggers, execute remeasurements and manage lease portfolios effectively.

cpa firm 105
article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

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.

article thumbnail

Missing tech tycoon was celebrating acquittal before storm hit

Accounting Today

Mike Lynch, who is missing after his yacht sank off Sicily, had only recently fended off a U.S. criminal fraud case over the sale of his company to Hewlett Packard.

Sales 114
article thumbnail

EisnerAmper Combines With Krost CPAs

CPA Practice

Top 20 accounting firm EisnerAmper and fellow top 100 firm Krost CPAs are combining in a deal that is expected to close next month. Krost’s eight partners and more than 100 professionals will join New York-based EisnerAmper as part of the transaction. “I’m incredibly proud of what we’ve accomplished together, building the firm into a highly respected regional institution with an 85-year history,” Krost CEO Jason Melillo said in a statement.

cpas 104
article thumbnail

Greatland Corporation buys Information Returns

Accounting Today

Greatland Corporation, the company behind Yearli, announced it has acquired Information Returns Inc.

article thumbnail

Understanding the Impact of California Senate Bill 167 on 2024 Tax Credits

Cherry Bekaert

California Senate Bill 167 was signed into law on June 27, 2024, and is intended to address the state’s budget $27.6 billion shortfall for 2024 and 2025, as well as the projected 2025 and 2026 deficit of $28.4 billion. The new California legislation restricts the use of net operating losses (NOLs) and limits the application of tax credits to $5 million, offsetting California state taxes against corporation and personal income taxes per taxpayer or combined reporting group for tax years 2024, 202

article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

article thumbnail

SOC 2 reports reimagined: From burden to business enabler

Accounting Today

It's time to change our outlook and embrace the advancements in performing SOC 2 audits to fully realize the incredible amount of value and competitive advantage the service can provide.

audit 72
article thumbnail

BDO Aced Its 2023 PCAOB Inspections! JK, It Was F**ked

Going Concern

BDO USA’s 2023 PCAOB inspection is out and Financial Times ‘ article about it is pretty dark. Their headline says BDO “sinks to bottom of US audit quality league table” among the six largest audit firms in the US but really, they sunk under the table and through the floor. It’s a sad day when Grant Thornton outperforms you by a long shot.

audit 59
article thumbnail

Pawlow joins Brady Martz as chief execution officer

Accounting Today

Jeffrey Pawlow was most recently president of Engineered Tax Services, including the two he co-founded before their acquisition by ETS, The Growth Partnership and ABLE.

article thumbnail

Warehouse Wednesday: Acumatica In-depth Part 3

Insightful Accountant

This is a prologue of Murph's third part of his in-depth series on Acumatica. this summary reports on the construction capabilities of Acumatica ERP for home builders, general contractors and sub-contractors.

article thumbnail

Book of Secrets on the Month-End Close

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.

article thumbnail

Workers Worry More Than Ever About Losing Their Job

CPA Practice

Alex Tanzi Bloomberg News (TNS) The share of people who think they’re likely to be unemployed in the next four months reached a record high in a Federal Reserve Bank of New York survey of consumer expectations that dates back to 2014. At the same time, there’s a rising number of consumers who expect to receive a job offer in the next months compared with a year.

article thumbnail

QuickBooks and Allstate Health Report on Employee Benefits

Insightful Accountant

QuickBooks and Allstate Health have compiled a new report on the impact of employee benefits on the workforces of small and large businesses.

article thumbnail

Greatland Corp. Acquires Information Returns Inc.

CPA Practice

Greatland Corporation, a Michigan-based industry leader in wage and information reporting, today announced the acquisition of New Hampshire-based Information Returns Inc., a company specializing in W-2 and 1099 filing software and support. Information Returns has been providing businesses with 1099 and W-2 support services for more than 35 years through its popular Quick and Easy software.

article thumbnail

Today's QB Talks is our ProAdvisor Roundtable

Insightful Accountant

Today's QB Talks is a ProAdvisor Roundtable featuring four 2024 ProAdvisor Top Award Recipients. Murph and Gary will be hosting this informative discussion with leading ProAdvisors.

52
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

article thumbnail

More than 1,000 Accounting Firms Tackle AI Learning Curve with Spark by Rightworks Labs

CPA Practice

Rightworks, a cloud service provider delivering solutions purpose-built for accounting firms and professionals, has announced its generative AI solution, Spark by Rightworks Labs, has surpassed 3,300 users and generated 210,000 interactions with prompts across a range of topics relevant to the profession. In addition to helping demystify and accelerate GenAI implementation for over 1,000 firms, the milestone reveals that more firms are taking the first steps toward GenAI adoption and are explori

article thumbnail

Desktop Product Discontinuation: September 30, 2024

Insightful Accountant

Intuit is reminding customers that new subscription sales for certain Desktop products will be discontinued on September 30, 2024.

Sales 52
article thumbnail

KROST CPAs Combines with EisnerAmper

KROST

Los Angeles, August 20, 2024 – KROST CPAs partners and colleagues are joining the global business advisory firm, EisnerAmper, in a combination expected to close in September 2024. For over 85 years, KROST has provided high quality services to the industry, and this adds a significant milestone for KROST as it continues to evolve in response Read the full article.

cpas 52
article thumbnail

Meet ECOA and FCRA Adverse Action Notice Requirements by Avoiding These Common Errors

Anders CPA

Adverse action notices are so common in lending that many errors tend to escape unnoticed. Reviewing Regulation B, which implements the Equal Credit Opportunity Act (ECOA), particularly Section 1002.9, will help you understand most requirements surrounding adverse action notices. Additional requirements can be found in Section 615 of the Fair Credit Reporting Act (FCRA) and must be followed to comply with federal regulations.

CPA 52
article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

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.

article thumbnail

4 Key Pieces of an Effective Corporate Fraud Investigation

FraudFiles

Here’s a simple way to break down the idea of a corporate fraud investigation. If you’ve got a compliance department, this is way too basic for you. But if you’re at a smaller company that is new to the concept of fraud (either because you recently had a fraud or because you have decided that [.

52
article thumbnail

Is it worth accountants joining a local BNI networking group?

Mark Lee

This is a perennial question and one where I have shared my views with hundreds of accountants over the years. But not on my blog until now it would seem. So I have taken a recent question I saw on a Facebook group and have amplified my response below. For balance I have also shared the most enthusiastic comments from accountants responding positively to the same question.

article thumbnail

Reimagine Your Data Analytics Journey With Tableau Pulse – Recording

Cherry Bekaert

Tableau Pulse is a new feature that improves the Tableau analytics platform. It is designed to streamline and personalize your data analytics journey, making it easier and more intuitive for users of all levels. With advanced features like AI-driven insights, real-time data monitoring and interactive dashboards, Tableau Pulse enables users to quickly find trends and make better data-driven decisions.

40
article thumbnail

In the blogs: They're off

Accounting Today

A useful AMT; refunds of the dead; core-satellite portfolios; and other highlights from our favorite tax bloggers.

Tax 56
article thumbnail

New Software & You: Elevating Your Tech Stack

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!