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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.
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.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
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.
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.
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.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
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.
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.
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.
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?
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.
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.
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
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.
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.
Hosts Randy Johnston and Brian Tankersley, CPA, discuss the discontinuence of some desktop accounting programs, and how to support your clients. Use the video player below to watch, or the podcast player below to listen to the podcast. == Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
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
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.
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!
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?
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.
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
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).
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
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.
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?
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