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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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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Trending Sources

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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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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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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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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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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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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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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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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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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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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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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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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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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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Back to Basics with Reconciliations

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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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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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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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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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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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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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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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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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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Harness the Potential of Your Enterprise Knowledge

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.

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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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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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Solve Your Firm's Automation Complexities Once and For All

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.

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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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CBIZ Acquires Tech Solutions Company CompuData

CPA Practice

Top 15 accounting firm CBIZ acquired Philadelphia-based technology solutions provider CompuData, effective March 1. Founded in 1971, CompuData provides cloud computing, accounting enterprise resource planning software, managed IT, and security to small and midsized businesses, with the tools to scale, protect, and streamline their organizations. CompuData is a Sage Diamond Partner and has Microsoft Partner designation in both Azure Cloud and Modern Work.

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International Women’s Day with Caroline Hobden

Accounting Insight

International Women’s Day (IWD) is a day celebrating the social, economic, cultural, and political achievements of women. However, the day also marks a call to action for accelerating gender equality. IWD dates as far back as the beginning of the 19th century , and is recognised around the world. You can learn more about its history here. We sat down with Accountex Portfolio Director, Caroline Hobden.

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It Takes Two to Tango

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.