Shay CPA
MARCH 13, 2024
No matter what kind of solution, service, or product a company delivers, it has one thing in common with every other business in existence today. What’s that underlying thread? They all need to be on top of their financial management. Sure, when you’re small and scrappy, you can probably scrape by. Some spreadsheets and a few dedicated hours each month might be enough to keep your books sorted.
Acterys
MARCH 13, 2024
Navigating Corporate Performance Management (CPM) needs has become a strategic force for businesses eager to harness data for insightful decision-making. To cater to the evolving needs of SMBs and enterprises, Acterys has emerged as a distinguished accelerator in the 2024 CPM Technology Value Matrix by Nucleus Research, showcasing its innovative approach to integrating analytics and planning.
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Accounting Today
MARCH 13, 2024
Affected businesses may turn to their accountants for help, but are firms the best source to help clients report beneficial ownership information to the feds?
Going Concern
MARCH 13, 2024
*Technically the partners are being forced to retire but the headline was already way too many characters It’s been more than a year since Australian Financial Review blew the PwC Australia tax scandal wide open and it’s been nothing but migraines for PwC leadership (and their cousins at other Big 4 firms also subject to relentless grilling by Aussie senators) since.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Today
MARCH 13, 2024
Daniel Rotta hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures and nominees" to conceal offshore assets and income.
Going Concern
MARCH 13, 2024
BDO USA filed a federal trade secrets lawsuit against Ankura Consulting on Monday that alleges Ankura “unjustly enriched itself through the employee defections from BDO and stole the company’s confidential information.” The defections came in the form of several senior-level staff from BDO’s healthcare transaction advisory business who apparently left BDO with their national practice leader.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 13, 2024
By Alex Baulf. In the midst of the accounting profession entering a brave new world where digitization of tax and accounting processes is increasingly the norm, it should come as no surprise that the humble invoice is now in the crosshairs of governments around the globe, including the U.S. The invoice is essential to tax compliance processes, and the electronic invoice (e-invoice) is not only inevitable, but upon us.
Insightful Accountant
MARCH 13, 2024
Auto dealers and sellers must register with IRS Energy Credits Online to submit time-of-sale reports for Clean Vehicle Tax Credit advance payments for vehicles placed in service in 2024 and beyond.
Accounting Today
MARCH 13, 2024
Finance departments have a powerful opportunity to help organizations remedy one of their most pressing concerns — late payments.
Insightful Accountant
MARCH 13, 2024
Hiring in accounting, particularly for tax talent, is tough due to declining student enrollments and CPA exam takers. This trend puts pressure on the industry for hiring.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Dent Moses
MARCH 13, 2024
In today’s business environment, companies are constantly seeking ways to optimize operations and enhance efficiency. One strategy gaining prominence is outsourcing, particularly accounting functions. Outsourcing accounting services can offer a myriad of benefits, revolutionizing a business’s financial landscape. Firstly, outsourcing allows companies to tap into a pool of skilled professionals without the burden of hiring and training in-house staff.
Cherry Bekaert
MARCH 13, 2024
KEY OBSERVATION: Incorporating voice of the customer methodologies into the commercial due diligence process can help businesses realize the full potential of their growth strategy. By using fact-based market analyses and asking the right questions, you can improve frontline performance, raise barriers to switching, grow profits and drive value accretion.
SkagitCountyTaxServices
MARCH 13, 2024
No business management technique is sacred anymore. And rightly so. In my world, there’s been a trend in recent years with businesses moving away from traditional, fixed budgets towards more flexible approaches. I think that could be said for most tasks within business management. The ever-changing market landscape, economic uncertainties, rapidly developing technology, and the global scene are all forcing us to look beyond what our predecessors taught us.
GrowthForceBlog
MARCH 13, 2024
8 min read A survey of architecture firms from the American Institute of Architects has found that the top three concerns of industry leaders in 2024 are increasing their firm's revenue (30.3%), managing rising costs (21.8%), and negotiating appropriate project fees (20.1%). Key Takeaways Best Practices for Financial Management in Architecture Firms: Shifts in the economy and within the industry will impact your business.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Accounting Today
MARCH 13, 2024
The firm will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months.
Canopy Accounting
MARCH 13, 2024
In this episode, Ben Richmond, the U.S. Country Manager for Xero talks about the benefits of shifting your accounting firm to the cloud. He also delves into the difference between working on your business instead of for it, the positives of outsourcing, and how accountants are crucial to the future of business.
Accounting Today
MARCH 13, 2024
The Praxity Alliance of independent accounting firms reported revenue of $9.7 billion in 2023, an 11% increase over 2022 at constant exchange rates.
Withum
MARCH 13, 2024
In response to investor demand, the SEC is requiring public companies within its scope to report greenhouse gas emissions and identify sources of climate risk that were financially material. Withum’s Sustainability and ESG Services Team hosted an informative on-demand webinar, where they analyzed the SEC’s ruling and discussed the implications that matter to you.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Accounting Today
MARCH 13, 2024
Wolters Kluwer announced that its solution support the global minimum tax in accordance with OECD Pillar II requirements.
Insightful Accountant
MARCH 13, 2024
Sage's recent investments to provide an end-to-end construction cloud suite underscore their commitment to help construction customers thrive. Murph elaborates on Sage Transform announcements.
Accounting Today
MARCH 13, 2024
The current deputy chief of IRS CI will be the new chief, succeeding Jim Lee.
Ryan Lazanis
MARCH 13, 2024
Level up your firm's customer experience with these three effective methods to gather and understand client feedback. The post 3 Simple Ways to Collect Feedback From Your Clients appeared first on Future Firm.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Accounting Today
MARCH 13, 2024
H&R Block's AI chatbot assistant, a deepfake scam rakes in $25 million, and eight other developments in technology.
Withum
MARCH 13, 2024
Not all tax positions are created equal. Many times, taxpayers find themselves stuck firmly between black and white leaving themselves exposed to the IRS disallowing a position taken from a good faith reading of the tax code. In situations like these, taxpayers can turn to tax liability insurance. What Is Tax Liability Insurance? It’s an insurance policy that can be structured to cover the tax liability, interest, penalties, and other costs associated with an unsuccessful defense of an identifie
CPA Practice
MARCH 13, 2024
A Louisiana physician has been sentenced to 52 months in prison for tax evasion. According to court documents and evidence presented at trial, Dr. Melissa Rose Barrett, of Baton Rouge, owned and operated two urgent care clinics — Central STAT Care and STAT Care Clinic — and owed the IRS approximately $1.6 million in income taxes, excluding interest and penalties.
Withum
MARCH 13, 2024
FemTech and Women’s Health & Wellness companies are at the forefront of revolutionizing women’s health. These businesses promise innovative solutions tailored specifically for women. In an enlightening session hosted by Dr. Brittany Baretto , CEO of FemHealth Insights, Katie Chefalas and Victoria Iezzi delve into valuable insights on building a financially sustainable FemTech business.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
CPA Practice
MARCH 13, 2024
Trez.co , the first U.S. Latino payroll platform company in the United States, has launched and announced its board of advisors. Comprised of distinguished global executives, the board will guide and champion Trez.co in its mobilization of the company’s primary market, the five million U.S.-based Latino and Latina companies, which contribute about $2.8 trillion annually, or about 10 percent of the annual U.S. economic GDP, according to the Treasury Department.
Withum
MARCH 13, 2024
Rev. Proc. 2023-41 was issued on December 7, 2023 detailing the discount factors for accident year 2023 in all future tax years as well as the discount factors for all years to be used in the 2023 tax year. Discount factors are provided for various lines of business and should be applied to both loss reserves and estimated salvage recoverable. The discount factors are typically determined using the applicable interest rate (2.9%) compounding semi-annually.
CPA Practice
MARCH 13, 2024
The Internal Revenue Service announced today that Guy Ficco will become the new IRS Criminal Investigation chief effective on April 1. Ficco, the current Deputy Chief and a 29-year agency veteran, will succeed James Lee, who announced last month that he will retire at the end of March. In his new role, Ficco will oversee a worldwide staff of more than 3,200 Criminal Investigation (CI) employees, including 2,200 special agents who investigate crimes involving tax, money laundering, public corrupt
Withum
MARCH 13, 2024
In a concerted effort to adhere to the mandates outlined in section 504 of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2016, the Securities and Exchange Commission (SEC) has recently set forth a proposal for a rule amendment aimed at refining the definition of a “qualifying venture capital fund.” This strategic move seeks to address inflationary pressures by revising the monetary threshold that delineates a fund as “qualifying.” Presently, according to sec
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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.
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