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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bookkeeping bookkeeping services Account accounted 59

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.

Sales 264

Sales Tax Construction Education 264

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

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

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.

Finance

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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Technology accounting and finance Finance audit 113

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

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

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

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

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Tax 116

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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cpa firm accounting software CPA Account 105

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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.

Technology

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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Sales accountant accounted Account 114

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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cpas Real Estate Entertainment Sports 104

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

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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California Tax income tax business tax 59

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.

payroll

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 accounted Account 59

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

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

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.

Finance

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

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

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 accounted 52

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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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.

CPA

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 Account accounted accountant 52

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

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

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

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

Spend Management

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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Account accounted accountant bookkeeping 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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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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