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New research from people management and payroll platform Employment Hero shows smaller payroll providers in the UK risk being left behind thanks to a distrust of AI and automation. The survey of 495 payroll providers – including accountants, bookkeepers, and outsourced payroll firms – found just one in five (19%) thought automation of their work would “significantly increase” in the next year.
With the increasing complexity of tax laws and regulations, tax professionals are constantly facing challenges in keeping up with the ever-changing landscape. CPA Pilot ‘s AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly. This enables tax professionals to prioritize strategic tasks. CPA Pilot allows tax experts to focus on strategic and value add tasks for their clients and reduce the intensity of tax season.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Today’s technologies are continuously evolving, and Tableau’s software from Salesforce is transforming how organizations optimize their data using cloud capabilities and the power of artificial intelligence (AI). Advancements to Tableau will be on full display at the Tableau Conference 2024, and Cherry Bekaert is thrilled to announce its sponsorship of this highly anticipated event on April 29 – May 1 at the San Diego Convention Center.
As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Hackathons have been a fixture in the tech world for decades. But today the concept is widely utilised in fields as diverse as businesses, healthcare, education and social impact to solve some of the world’s most pressing issues.
As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Hackathons have been a fixture in the tech world for decades. But today the concept is widely utilised in fields as diverse as businesses, healthcare, education and social impact to solve some of the world’s most pressing issues.
The formal applications submitted by Top 100 ProAdvisors contain a wealth of information. Part of that information reflects how these 'Pros' interact with apps and software. Here's my first look at the 2024 Domestic data.
KROST’s Restaurant Practice Leader, Jean Hagan, is attending the Restaurant Leadership Conference on April 14th – 17th. The conference will be held at the JW Marriott Pheonix Desert Ridge Resort & Spa in Phoenix, Arizona. The exclusive four-day event is packed with learning sessions, networking, innovative forums, exhibitor booths, educational speaker sessions, and much more.
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
The Association of Chartered Certified Accountants (ACCA) recently published some results from a survey of more than 6,500 finance professionals , the bulk of them auditors, from 150 countries and while the entire thing is packed with fascinating (if predictable) results, two areas in particular are crying out to be highlighted. Under the “Remuneration” section , the two sections below cover salary satisfaction.
By Tyler Moffitt. Tax season – an already stressful time for Certified Public Accountants (CPAs) – has been made even more stressful by tax scams. While digital services have improved the tax return experience and streamlined more mundane accounting tasks so CPAs can have more time to serve their clients, cybercriminals and groups have taken advantage of the technology shift to exploit tax returns and other digital tax documents.
The Treasury Department reported increasing usage of the Internal Revenue Service's free Direct File tax-filing system that they've been pilot testing in a dozen states this tax season.
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.
The Financial Accounting Standards Board (FASB) on April 3 named 11 members to its newly reconstituted Emerging Issues Task Force (EITF). The task force, formed in 1984 , assists the FASB in improving financial reporting by identifying and developing proposed solutions to address narrowly scoped financial accounting issues within the framework of the FASB Accounting Standards Codification.
Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values.
In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA), together with 54 state CPA societies, expressed serious concerns with the rollout and push to implement FinCEN’s Beneficial Ownership Information reporting requirement without regard for the impact to the small business community.
New trends and technologies are revolutionising the field of accounting. Gone are the days of financial experts crouched over dusty ledgers or spreadsheets, crunching numbers. Today’s accountants wholeheartedly adopt innovative tools like accounting software, automation, and blockchain technology. Let’s take a closer look at the latest trends redefining the accounting industry.
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?
Back in February we were happy to tell you about the House passing a bill with several taxpayer friendly provisions. That blog post is here. Unfortunately, the prospects of Senate passage are dimming. We’ll give you our reasoning and advice shortly, but first here’s a quick recap of what the bill included: An increase in. The post Taxpayer-Friendly Bill Stalled in Senate: Next Steps appeared first on LSL CPAs.
Voting for the two matches that will determine who moves on to the championship game of the 2024 Accountant Bracket Challenge, presented by Accounting High, has begun and lasts through April 9. In the Education Category , 1 seed Jason Staats/Jason Daily Podcast is taking on 6 seed Bookkeeping Side Hustle. And in the Applications Category , 3 seed RightTool is up against 4 seed Gusto.
As we are stepping into the new Financial year, there are various compliance requirements which a taxpayer is required to do with the changing year. Any non-compliance on part of the taxpayer can lead to major disallowances or withdrawal of benefits from the taxpayer. This article list down check-list which a taxpayer is required to tick as they enter into new financial year: 1.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
CIPP’s CEO, Jason Davenport, believes that now’s the time to invest in your payroll departments! ‘With legislation changing every year, it is essential to ensure your payroll team is qualified and their skills are up to date’ he said in March’s Manufacturing Today magazine. He goes onto to say ‘There are a lot of businesses out there that may not be compliant, not deliberately so, just by virtue of not understanding how and when to apply the rules.
Appeal against order of any authority can be filed by the party aggrieved by the order, i.e., the Assessee or the Department. Filing of appeal involves lots of cost and effort and also takes up the time of the judicial authority. Assessee files appeal after considering various factors such as amount of pre-deposit required, amount involved in dispute, time factor etc.
A new report shows that consumers who take out small loans using cash advance apps may pay triple-digit annual interest rates, experience high levels of repeat reborrowing, and incur more bank overdraft fees after starting to use the products. The report, titled “Not Free: The Large Hidden Costs of Small-Dollar Loans Made Through Cash Advance Apps,” from the Center for Responsible Lending (CRL), analyzes the transactions associated with five companies – Brigit, Cleo, Dave, EarnIn, and FloatMe –
Jump to: The impact of AI on business protection Navigating the shifted focus on consulting Automating the traditional method It is a transformational time for businesses as artificial intelligence (AI) increasingly impacts how companies of all industries operate and serve their customers. The accounting profession is no exception. In fact, a growing number of accounting firms and corporations are taking a closer look at AI and how it can help them keep pace with tax law changes and ensure ta
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Bloomberg Tax & Accounting has launched its next generation suite of integrated solutions that modernize the corporate tax process, from data collection to tax calculations that power key deliverables. These connected applications solve tax professionals’ day-to-day workflow issues, transforming disjointed, manual processes into a seamless workflow and providing intelligence exactly where users need it.
Come and say hello to our team and see how the CIPP can support you and your team. Plus, we have an unmissable offer for Accountex delegates over the two-day event. Sign up for a CIPP membership on our stand and we will waiver the sign-up fee of £50 plus you will receive a free gift that supports your day-to-day! Membership with the CIPP also offers you great benefits such as our monthly magazine, discounts on training courses, free events throughout the year and of course, calls to our knowledg
Download our white paper today and discover how alternative approaches like outsourcing could be the missing piece in your ESG puzzle. Download Guide Regulatory changes and stakeholder pressures are driving organizations to take action on ESG reporting and compliance, but navigating this complex landscape can be overwhelming. Whether it’s understanding new compliance standards or gathering accurate data for reporting, our new white paper provides valuable insights into overcoming these cha
The mounting stress experienced by tax professionals related to the tax provision process is a double-edged sword. It can cause anxiety, but may also present tremendous opportunities, according to panelists for the Thomson Reuters webinar: “ From Compliance Necessity to Strategic Advantage: How can you master the tax provision process?” “The tax profession, overall, is facing some significant changes,” says Kelley Lear , Vice President, Partnerships & Alliances, Thomson Reuters, pointing to
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.
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