Accounting Insight

AUGUST 20, 2024

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.

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TaxConnex

AUGUST 20, 2024

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.

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Sales Tax Construction Education 246

BurklandAssociates

AUGUST 20, 2024

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.

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Accounting Today

AUGUST 20, 2024

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.

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cpas New York 124

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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CPA Practice

AUGUST 20, 2024

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.

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Accounting Today

AUGUST 20, 2024

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

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auditor audit 133

Accounting Today

AUGUST 20, 2024

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.

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tax return Tax 126

CPA Practice

AUGUST 20, 2024

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.

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Accounting Today

AUGUST 20, 2024

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.

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CPA Practice

AUGUST 20, 2024

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.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Accounting Today

AUGUST 20, 2024

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

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Tax 116

Summit CPA

AUGUST 20, 2024

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

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Accounting Today

AUGUST 20, 2024

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.

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audit 72

Going Concern

AUGUST 20, 2024

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.

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audit financial statements accountant Account 59

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Accounting Today

AUGUST 20, 2024

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.

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tax services Tax 72

Cherry Bekaert

AUGUST 20, 2024

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

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Insightful Accountant

AUGUST 20, 2024

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.

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Construction 52

CPA Practice

AUGUST 20, 2024

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.

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New York 52

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

Insightful Accountant

AUGUST 20, 2024

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.

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CPA Practice

AUGUST 20, 2024

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.

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New Hampshire Michigan business accounting accountant 52

KROST

AUGUST 20, 2024

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.

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cpas 52

CPA Practice

AUGUST 20, 2024

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

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accounting firms accountant Account accounted 52

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

Anders CPA

AUGUST 20, 2024

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.

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CPA 52

FraudFiles

AUGUST 20, 2024

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 [.

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Mark Lee

AUGUST 20, 2024

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.

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accountant Account accounted bookkeeping 52

Accounting Today

AUGUST 20, 2024

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

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tax preparation Tax 72

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Insightful Accountant

AUGUST 20, 2024

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

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quickbooks 52

Cherry Bekaert

AUGUST 20, 2024

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.

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Insightful Accountant

AUGUST 20, 2024

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

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Sales 52

Accounting Today

AUGUST 20, 2024

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

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Tax tax preparation audit Sales 56

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.