ThomsonReuters

FEBRUARY 5, 2024

The accounting profession is currently navigating through a transformative era. An aging workforce, a dwindling number of new college graduates entering the profession, and a lack of desire to pursue the partner path among existing employees make it challenging to attract new talent and retain experienced professionals. This talent shortage impacts individual firms and leads to systemic problems in the broader business and financial world.

Technology 40

Technology Tax cpa firm audit 40

Going Concern

FEBRUARY 5, 2024

The Aussie Corporate ( Insta ) recently shared some uniquely Deloitte motivation attempts and we must warn you, it’s bad. Why are firms like this? HAHAHAHA because we make you work too much LOL aren’t we funny!! But wait! There’s more! Ten posters to be exact, nine of which are terrible. View this post on Instagram A post shared by The Aussie Corporate (@theaussiecorporate) This set includes: Don’t “circle back” Do Talk straight [Take your own advice here, Big

130

130

Summit CPA

FEBRUARY 5, 2024

A Conversation with Jeff Bartsch Someone wants something: love, money, success, happiness. To get that thing, they overcome obstacles: dragons, villains, natural disasters, the doubting voices in their head. At the end of the day, they get the thing and go home, a changed person. That’s the recipe for a story: Desire, conflict, transformation. When Jeff Bartsch – founder of Story Greenlight – spells it out like that, suddenly a story is not just an anecdote you share at the dinner table.

CPA 105

CPA accountant accounted Account 105

Insightful Accountant

FEBRUARY 5, 2024

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

quickbooks 104

quickbooks 104

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.

Account

CPA Practice

FEBRUARY 5, 2024

Ashley V. Johnson, CPA, EA – 2023 “40 Under 40” Honoree Founding Partner J&F Advisors, PLLC www.jandfadvisors.com Career Highlights Ashley Johnson, a Founding Partner and strategic leader at J&F Advisors, PLLC, is committed to advancing the firm’s mission and elevating it among the top CPA firms in Detroit. In her capacity, she effectively oversees revenues, manages cash flow, and directs credit operations.

CPA 98

CPA Non-Profits accounting careers cpa firm 98

Accounting Today

FEBRUARY 5, 2024

Clients will want to use you when you become their trusted advisor and they think of calling you before they do anything that might impact their business, financial security or growth.

accountant 104

accountant Account accounted 104

Accounting Today

FEBRUARY 5, 2024

PwC US has elected Paul Griggs as its next senior partner, succeeding Tim Ryan after Ryan retires on June 30.

122

122

CPA Practice

FEBRUARY 5, 2024

Marcum LLP has entered a merger with Wakefield, Massachusetts-based Powers & Sullivan, LLC, effective February 1, 2024. Massachusetts-based Powers & Sullivan has a portfolio of services spanning accounting, auditing, and management consulting, with a specialized practice focused on auditing governmental entities. Four partners and 26 associates from Powers & Sullivan are now integrating into Marcum’s team.

Massachusetts 105

Massachusetts Management Consulting audit Government 105

Accounting Today

FEBRUARY 5, 2024

The IRS is pushing back payment and filing deadlines for those impacted by storms and flooding in Maine.

Maine 120

Maine Tax 120

CPA Practice

FEBRUARY 5, 2024

Baker Tilly said on Monday it has received a “significant investment” from private equity firms Hellman & Friedman and Valeas Capital Partners in what the top 10 accounting firm says is the largest private equity investment in the CPA sector thus far. Financial terms of the deal, which is expected to close in early June, weren’t disclosed. The Financial Times reported that H&F and Valeas would take an equity stake of about $1 billion for just over 50% of the Chicago-based accounting and

Legal 64

Legal CPA public accounting accounting and finance 64

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.

Account

Accounting Today

FEBRUARY 5, 2024

Baker Tilly US LLP is receiving an infusion of funding from a pair of private equity firms, Hellman & Friedman and Valeas Capital Partners, making it the biggest accounting firm to date to accept PE funding.

accounting firms 87

accounting firms accountant Account accounted 87

Accounting Insight

FEBRUARY 5, 2024

Accountants are the most trusted outside advisors most small businesses have. This leads to conversations about far more than just “the books”. Good accountants can use this advisory time to lock in strong relationships with their clients. And a big issue coming down the pipe for businesses is some sort of accounting of their carbon emissions. Why accounting for emissions is on the up There is currently no regulatory requirement for smaller firms to audit or report on their emissions.

audit 59

audit Manufacturing Maine Legal 59

Accounting Today

FEBRUARY 5, 2024

The gift outlays — and the many rules and potential duties tied to them — can affect clients' long-term trail toward RMDs, Roth IRAs, the FAFSA and other areas.

Tax 97

Tax 97

Withum

FEBRUARY 5, 2024

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Sharebite’s Co-Founder and CEO, Dilip Rao , to discuss the FoodTech ecosystem. Nourishing Insights – Part 1 In Part 1 of this interview, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Sharebite’s Co-Founder & CEO, Dilip Rao , discuss Sharebite and its leading meal benefits platform that was built exclusively for companies to feed employee

E-commerce 59

E-commerce Technology 59

Advertisement

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.

financial statements

Accounting Today

FEBRUARY 5, 2024

The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.

Massachusetts 98

Massachusetts New York Government accountant 98

Anders CPA

FEBRUARY 5, 2024

Assistant controller David Henroid, CPA , was named a St. Louis Small Business Monthly (SBM) Top Business Advisor. The advisors included on the list were nominated by SBM readers as the best advisors for business owners in the St. Louis region. David discussed the biggest challenge facing business owners and offered them his best advice. Many small business owners want to be involved with all or most aspects of their business, but they cannot do it all as business needs can quickly surpass their

Missouri 59

Missouri Real Estate accounts payable public accounting 59

Accounting Today

FEBRUARY 5, 2024

The American Institute of CPAs has sent a letter to the Treasury Department and the Internal Revenue Service asking them to postpone the effective date of their final regulations on donor-advised funds.

cpas 81

cpas Tax 81

CPA Practice

FEBRUARY 5, 2024

Top 20 accounting firm CohnReznick admitted 24 professionals—18 men and six women— to its partnership on Feb. 1. The newly admitted partners and principals bring expertise across advisory, assurance, and tax, and play integral roles in the firm’s industry groups. “CohnReznick’s ability to deliver world-class client service is driven by our commitment to recruit, develop and reward outstanding individuals who demonstrate the capability to lead our firm into the future,” CohnReznick CEO David Kess

New York 52

New York accounting and finance Tax accounting firms 52

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

Sales

Accounting Today

FEBRUARY 5, 2024

ADM shook the commodity world last month after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices involving its troubled nutrition segment.

accountant 75

accountant Account accounted Agriculture 75

CPA Practice

FEBRUARY 5, 2024

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA). Through the NJCPA Career Awareness Program, more than 60 NJCPA members made presentations throughout New Jersey.

New Jersey 52

New Jersey accounting careers cpas accountant 52

Accounting Today

FEBRUARY 5, 2024

Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.

accountant 75

accountant Account accounted 75

CPA Practice

FEBRUARY 5, 2024

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Reason #2: Most clients (especially business owners) would rather their accountant give them advice (instead of simply being a recorder of the past).

accountant 52

accountant Account accounted tax return 52

Advertisement

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.

Accounting Today

FEBRUARY 5, 2024

The House Freedom Caucus suggested Congress pay for emergency aid to Israel by cutting funding for the United Nations, repealing the IRS expansion, rescinding the Department of Commerce "slush fund," or ending what it called climate-change tax credits.

Tax 61

Tax 61

CPA Practice

FEBRUARY 5, 2024

Randy Johnston and Brian Tankersley, CPA, explored CES 2024 in Las Vegas in January. In this podcast, they highlight some of their favorite personal tech they saw on display. Use the podcast player below to listen to the podcast. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Brian F. Tankersley, CPA.CITP, CGMA, Randy Johnston Randy Johnston 00:03 Hey, welcome to Technology Lab.

Technology 52

Technology accountant Account accounted 52

Reckon

FEBRUARY 5, 2024

Guest post by Maya Kirianova Managing fixed expenses is essential for individuals, families, and businesses when it comes to management. These expenses refer to the recurring costs that remain relatively stable in terms of their amount. Examples of fixed expenses include rent or mortgage payments, utility bills, insurance premiums, loan repayments, and more.

accounting and finance 52

accounting and finance Finance Expense Management Start-ups 52

CPA Practice

FEBRUARY 5, 2024

Terrell Turner, CPA – 2023 40 Under 40 Honoree Founder & CEO TLTurner Group www.TLTurnerGroup.com Career Highlights In the past year I have been featured in a NY Times Square ad as a top CFO, was selected to be the Chair of the Law Firm finance committee for the American Bar Association, been recognized as a top 20 global finance influencer, I’ve been invited to speak for over 13 public events in one year.

CPA 52

CPA accounting and finance Finance accountant 52

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.

Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

Tax 52

Tax cpas tax preparation tax services 52

CPA Practice

FEBRUARY 5, 2024

Kevin Bong – 2023 “20 Under 40” Influencer Cofounder AuditFile www.auditfile.com Recent Career Highlights This past year, AuditFile’s excellence was recognized when it was named #1 Audit Engagement Tool in the Readers’ Choice Awards. Kevin played a crucial role in releasing several new audit modules: Single Audit, Governmental, and International. He also spearheaded the launch of “AuditFile AI,” an integration with Microsoft Azure OpenAI– an exciting breakthrough for accountants and artificial i

audit 52

audit Hospitality cpas CPA 52

Withum

FEBRUARY 5, 2024

DOL CAP Audit Series While CAP audits can examine any financial, business and compliance aspects of a Union, there are a handful of topics that tend to be examined frequently among unions. Officer and Employee Expenses and Compensation – For example, the method for approving officer salaries, adherence to DOL documentation requirements and Union policies for expense reimbursements and credit card charges, reporting of gifts on LM-30, background checks, etc.

audit 52

audit Expense Reimbursements accounting firms accountant 52

CPA Practice

FEBRUARY 5, 2024

Steven Bong – 2023 “20 Under 40” Influencer Cofounder AuditFile [link] Steven is the founder and CEO of AuditFile.com, a cloud-based solution for auditors. AuditFile is used by thousands of customers all over the world. In 2021, Steven was awarded US Patent 10,891,294 for the application of artificial intelligence and machine learning techniques to financial statement audits.

auditor 52

auditor financial statements audit 52

Advertisement

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.