Fri.Mar 08, 2024

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10 Influential Women in Accounting 2024

Canopy Accounting

In the spirit of International Women's Day, we continue to recognize and celebrate the contributions of women in the tax and accounting industry. This year, we're highlighting a new group of trailblazers who are redefining success, breaking barriers, and shaping the future of our field. These professionals excel in their areas of expertise and serve as mentors, innovators, and leaders in a traditionally male-dominated industry.

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Legislation advances in Minnesota to relax 150-hour CPA requirement

Accounting Today

A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate.

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AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations

CPA Practice

The American Institute of CPAs has submitted a letter to the U.S. Treasury and Internal Revenue Service providing recommendations for regulations that deal with gross proceeds and basis reporting by brokers, as well as determination of amount realized and basis for digital asset transactions. The AICPA recommends that Treasury and the IRS clarify the meaning of important terms and certain examples within the section 6045 proposed regulations.

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Return on relationship

Accounting Today

Advisors must be attuned to the emotional factors at play, since no two clients have the same relationship with money.

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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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Why Your Business Shouldn’t Rely on AI-Powered Tax Prep Advice

CPA Practice

By Kit Eaton, Inc. (TNS) AI systems can advise you on the future of your business, generate PR-ready images, videos, and music, and thanks to Microsoft’s efforts, help you be more productive. What AI cannot help your business with, it seems, is tax prep. An investigation by The Washington Post tested new built-in AI systems offered by TurboTax and H&R Block, and found that they were frequently unhelpful and often just plain wrong when it came to offering advice.

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IRS: General health expenses aren't 'medical care'

Accounting Today

Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.

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More Trending

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Employers added 275,000 jobs in February, including 1,000 in accounting

Accounting Today

The unemployment rate increased two-tenths of a point to 3.9% and the BLS revised downward the job numbers for December and January, indicating some softening in the labor market.

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Minimum Wage for California Fast Food Workers to Rise to $20 Per Hour

CPA Practice

Susana Guerrero SFGate, San Francisco (via TNS) California has a newly appointed Fast Food Council ahead of a state law that will increase the hourly pay for fast food workers to $20 on April 1. On Friday, Gov. Gavin Newsom appointed seven members to join the nine-member Fast Food Council, which was created to help set rules for franchise owners and restaurant chain representatives and working conditions for the state’s nearly 500,000 fast food workers, according to CalMatters.

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Tech news: CPACharge rolls out Next Day Payments feature

Accounting Today

Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.

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How to grow your CPA firm in the midst of change

ThomsonReuters

When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target. As busy accountants, it’s easy to get stuck in survival mode. It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability?

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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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On the move: Weaver adds SALT partner

Accounting Today

Cherry Bekaert Foundation partners with Junior Achievement USA to provide $100K in grant donations; Maner Costerisan promotes 11; and more news from across the profession.

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Starting a Business with a Strong Goal in Mind - ADC's Philanthropic Mission | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 14 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Biden calls for tax cuts and increases in the State of the Union

Accounting Today

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.

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Happy International Women's Day from ADC!

AccountingDepartment

Happy International Women's Day!

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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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One and done: the power of integrated financial data in accounting

Accounting Today

Accountants are known to be 'good with numbers', but that doesn't mean they enjoy entering the same data repeatedly into different systems.

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Marketing Your Construction Business: How To Make It Work For You

Randal DeHart

Marketing your construction business is crucial for its growth and success. You can use various strategies to promote your business, such as creating a website, networking, social media marketing, and advertising. Additionally, sponsoring events and collaborating with other companies can help you reach a wider audience. I understand how daunting it can feel for construction business owners like you; we've been there.

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Tax startup Lettuce gets $6M in seed money

Accounting Today

The company's Solopreneur Accelerator program will provide tax and accounting services to people who work for themselves.

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5 Game-Changing Aspects of NetSuite ERP for In-House Accounting Teams

Withum

In today’s fast-paced business landscape, optimizing accounting procedures is essential for success. Oracle NetSuite ERP (Enterprise Resource Planning) stands out as an indispensable tool for in-house accounting, offering a comprehensive, cloud-based solution that revolutionizes how companies manage their financial operations. Today, embracing NetSuite ERP is not just an option – it’s a strategic imperative.

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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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Grifols shares jump as auditor greenlights annual accounts

Accounting Today

The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG

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Remember When Firms Would Get Only Dudes to Talk About International Women’s Day?

Going Concern

March 8, 2024 (that’s today) is International Women’s Day and as such, I felt an urge to comb through the archive to see what compelling content we’ve written about it over the years. Since 2009, we’ve written two articles about International Women’s Day. TWO. Do better, GC. One post was this: In Honor of International Women’s Day, Let’s Recall Some Important Rules For Women In the Workplace.

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Jeremy Hunt delivers accountants a headache during their busiest 100 13833 0 13833 0 0 1146 0 --:--:-- 0:00:12 --:--:-- 2859 time of the year

Accounting Insight

No matter how well-prepared you and your clients are, the end of the tax year is always a busy time. Statements need checking and re-checking, clients want near-constant communication, and it all happens at around the same time. Jeremy Hunt added a whole new headache into the mix yesterday with the Spring Budget. Here’s a quick rundown of what you need to know and what you need to sort out before the new tax year begins.

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QuickBooks Ledger: Welcome to the Family! We’re Glad You’re Here.

Nancy McClelland, LLC

QB Ledger was announced at QB Connect a few months ago. If you’re like me, March is that special month from hell where clients that have ignored your pleas for four quarters in a row suddenly show up again… and lucky you. Because now they’ve got a new AirBnb rental property in tow! Or yet another side gig! Or even better: an estate that they have to manage until it settles, and it’s caught up in probate!

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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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Empowering Bookkeepers: A Feminist Perspective

Accounting Insight

As we celebrate International Women’s Day, it’s crucial to recognize the pivotal role women play in various professions like finance, which is traditionally dominated by men. One subset of that field is bookkeeping, where women have been the backbone for centuries. Today, I want to shed light on how empowering bookkeepers aligns with the broader goals of women’s empowerment, drawing from my own experiences and insights.

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Ten Ways to Fix Email at Your Firm

Canopy Accounting

Email is the most common internal tech tool across firms of all sizes — how are you underutilizing this tool?

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Alabama Promotes the Great Outdoors with Proposed “Adventure Awaits” Sales Tax Holiday

CPA Practice

By Gail Cole. There are currently two annual sales tax holidays in Alabama: A severe weather preparedness tax-free weekend in February and a back-to-school tax-free weekend in July. A new tax holiday will join them starting in 2025 should House Bill 257 become law: The twice-yearly Alabama Adventure Awaits sales tax holiday. What items would qualify for the Alabama Adventure Awaits sales tax holiday?

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Withum Team Members Graduate from Florida CPA Institute Leadership Program

Withum

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. The FICPA Leadership Academy is a selective program for CPAs aged 35 and under looking to grow as leaders. For the third consecutive year, the FICPA has partnered with the Succession Institute to develop the Leadership Academy’s curriculum, which challenges participants to evolve, create a roadmap for change and expand their skill

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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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The Tax Blotter – March 6, 2024

CPA Practice

The Tax Blotter is a summary of recent tax news, rulings and legislation. Previously, taxpayers that itemized could deduct miscellaneous expenses on their personal returns, but the Tax Cuts and Jobs Act (TCJA) suspended this tax break. Set to return. Prior to 2018, you could write off miscellaneous expenses—including unreimbursed employee business expenses and certain production-of-income expenses—above 2% of your adjusted gross income (AGI).

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Two Withum Team Members Graduate from Florida CPA Institute Leadership Program

Withum

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. The FICPA Leadership Academy is a selective program for CPAs aged 35 and under looking to grow as leaders. For the third consecutive year, the FICPA has partnered with the Succession Institute to develop the Leadership Academy’s curriculum, which challenges participants to evolve, create a roadmap for change and expand their skill

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Professionals on the Move – April 2024

CPA Practice

Professionals on the Move is a round-up of recent promotions, management changes, and other staffing announcements from across the profession. CohnReznick Elevates Three to Commercial Real Estate Leadership Roles CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that it has created a new level of leadership within its expanding Commercial Real Estate practice, elevating three partners to U.S. regional leadership positions.

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Searching for Hidden Income

FraudFiles

The million dollar question in many litigation disputes, be it family law, a shareholder divorce, or other corporate wrangling, often centers around unreported income. Are there sales that aren’t being recorded on the books? Is the individual receiving cash for work done? Is revenue hidden to shield it from being considered by the court? It [.

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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.