GrowthForceBlog

NOVEMBER 13, 2024

9 min read November 6th, 2024 Looking at nonprofit financial management from a for-profit perspective makes the unique needs of a nonprofit's back office seem exceedingly complex. Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. Nonprofit organizations aim to use almost all of their resources to further their mission in the.

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CPA Practice

NOVEMBER 13, 2024

Wolters Kluwer, a provider of information, software, and services for professionals, has collaborated with The Institute of Internal Auditors’ Internal Audit Foundation on a research report: Harnessing Generative AI for Internal Audit Activities. The report explores the use, implementation and governance of GenAI within organizations and internal audit functions.

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Accounting Today

NOVEMBER 13, 2024

The acquisition of the San Diego-based outsourced accounting and advisory firm is the latest deal since Citrin received private equity financing.

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CPA Practice

NOVEMBER 13, 2024

Sikich , a Chicago-based leading global technology-enabled professional services company, announced IAEdge , a comprehensive tool that combines traditional Quality Assurance Review (QAR) with the Internal Audit Capability Model (IA-CM) framework. With key updates to the Institute of Internal Auditors (IIA) Standards set to take effect in January 2025, IAEdge arrives in time to support organizations in navigating these changes, bolstering compliance and strengthening audit processes.

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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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Accounting Today

NOVEMBER 13, 2024

To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.

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CPA Practice

NOVEMBER 13, 2024

Top 20 accounting firm Citrin Cooperman is continuing its run of acquisitions in 2024 by adding Signature Analytics, a San Diego-based outsourced accounting and advisory firm. Financial terms of the deal weren’t disclosed. As part of the deal, New York City-based Citrin Cooperman gains two partners and more than 65 professionals while expanding its presence in Southern California.

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CPA Practice

NOVEMBER 13, 2024

dpa (TNS) While businesses have typically been keen to replenish teams with younger recruits, many are finding rookies from so-called Generation Z to be more trouble than even their relatively low graduate salaries are worth. A recently published survey of over 900 executives found three-fourths to be dissatisfied with the work performance of such new hires, with six in 10 of the businesses admitting in August to have quickly fired at least one person of the age group who had only been recruited

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Accounting Today

NOVEMBER 13, 2024

Certified internal auditor certification, management accounting and company valuation are the top surging accounting and finance skills, according to a new Udemy report.

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CPA Practice

NOVEMBER 13, 2024

A new study by travel and expense management service provider Emburse shows how mid-size to large companies are spending on major technology brands in the past year. Emburse processes over $90 billion in expense and invoice transactions each year and developed the index by analyzing $30 billion in completed expenses across 6,300 companies and 10.2 million employees.

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Going Concern

NOVEMBER 13, 2024

Why does this stock photo guy have such a corpulent backside? With all the election noise of the last week or two we almost missed this: RSM sent orders down from on high to get tax people back in the office. We don’t know if other service lines have received similar orders but were told that all functions are trying to get more people in the office.

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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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CPA Practice

NOVEMBER 13, 2024

Embedded tax software provider April introduced AprilPro, an AI-powered filing solution to meet the evolving needs of taxpayers who have complex financial situations. AprilPro pulls in data from existing financial accounts, reducing the time spent gathering documents. Users can also easily upload files as needed, and a qualified tax professional will review and finalize each filing.

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Accounting Today

NOVEMBER 13, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.

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CPA Practice

NOVEMBER 13, 2024

RSM, a major provider of assurance, tax and consulting services for the middle market, has announced a strategic business relationship with Additive to enhance tax service capabilities with the Additive generative AI platform. This collaboration positions RSM as a pioneer in integrating advanced AI technology into K-1, K-3, State K-1 and related document processing, enabling rapid and reliable tax solutions for clients and RSM engagement teams.

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Accounting Today

NOVEMBER 13, 2024

The IRS is reminding Enrolled Agents with SSNs ending in 0, 1, 2 or 3 that they need to renew their enrollment.

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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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CPA Practice

NOVEMBER 13, 2024

The Financial Accounting Standards Board (FASB) is looking to provide investors and other stakeholders some clarity on the current interim reporting requirements, specifically when that guidance is applicable and which disclosures are required in interim reporting periods. A proposed Accounting Standards Update (ASU) issued by the FASB on Nov. 13 isn’t intended to change the fundamental nature of interim reporting or expand or reduce current interim disclosure requirements but to clarify the cu

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Insightful Accountant

NOVEMBER 13, 2024

At the post Intuit Connect App Academy, Human Interest presented an impactful session on how their retirement solutions simplify 401(k) and 403(b) plans for small and medium-sized businesses.

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CPA Practice

NOVEMBER 13, 2024

Digital asset tax and accounting platform Taxbit on Nov. 13 announced the launch of its next-generation global tax reporting platform, built for enterprises managing complex tax reporting for digital products. “Taxbit’s platform helps modern enterprises navigate complex global reporting requirements with a single, automated solution,” the company says in a media release.

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Insightful Accountant

NOVEMBER 13, 2024

Xero data shows declining small business performance amidst economic uncertainty. Small business sales are lower than last year, and small businesses are experiencing worsening late payment times.

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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

Ryan Lazanis

NOVEMBER 13, 2024

Tax season often leads to overtime for firm owners, but it doesn’t have to. Discover a series of simple strategies to break the cycle. The post Your First Step To No Overtime This Tax Season appeared first on Future Firm.

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Canopy Accounting

NOVEMBER 13, 2024

In this webinar, you will hear from two experienced firm operations directors on how they keep their firms organized, build efficient workflows and automations, and effectively communicate everything to clients and staff.

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CPA Practice

NOVEMBER 13, 2024

Tax compliance solutions provider Sovos recently announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium-sized businesses (SMBs). 1099 Professional offers SMBs an intuitive software solution for the preparation, electronic filing, and print and mailing of 1099 and 1042-S forms. Alice Katwan “Tax information reporting requirements are evolving rapidly, creating new compliance challenges for small and medium-sized businesses,” A

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Dent Moses

NOVEMBER 13, 2024

It is important to take time to update beneficiary designations on bank accounts, life insurance policies, investment accounts, IRAs, etc. While these are often adjusted alongside updates to wills and estate planning documents, it’s easy to overlook them. Take a moment to check that your designations reflect your current wishes—especially if it’s been a while since you last reviewed them.

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CPA Practice

NOVEMBER 13, 2024

The Public Company Accounting Oversight Board (PCAOB) introduced on Wednesday a new series of staff guidance, “Audit Focus,” that is intended to provide easy-to-digest information to auditors, especially those who audit smaller public companies, with critical audit matters (CAMs) as the first topic. With an eye toward protecting investors and improving audit quality, the regulator said each edition of “Audit Focus” reiterates applicable auditing standards and staff guidance and offers reminders

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Insightful Accountant

NOVEMBER 13, 2024

Insightful Accountant is offering a $1.00 first month trial of it's exclusive Be Insightful training program. Credit card required and price reverts to $49 per month after the first month.

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CPA Practice

NOVEMBER 13, 2024

Analytics platform Vero AI has released Iris GRC (governance, risk, compliance), an AI-powered evaluation tool that enables enterprises across all sectors to streamline their compliance efforts for faster and more accurate results. Iris GRC analyzes and evaluates a wide range of organizational documents to determine a company’s compliance status for meeting regulatory standards, including ISO, HITRUST, and SOC 2, while helping them stay ahead of upcoming legislation.

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Anders CPA

NOVEMBER 13, 2024

Guillermo and Brett interview, Albert Gutierrez, President of MedPharm, who shares his journey from tech to cannabis. The conversation focuses on research, product quality, and consumer education—highlighting MedPharm’ innovative work. Albert emphasizes the importance of research, regulatory challenges, and consumer education, stressing the need for high-quality, standardized products.

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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.

Withum

NOVEMBER 13, 2024

Thursday night, I begin teaching a six-week course that provides a guide for future Christian ministers and pastors on understanding church operations and financial principles. It is for a Worldwide Christian Leadership University (WCLU) program. This will be the third college course I am teaching this semester. While I enjoy every minute of the student interaction, the preparation time has become a huge undertaking, causing me to limit my future college teaching.

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CPA Practice

NOVEMBER 13, 2024

Entigrity, a provider of staffing solutions, and MYCPE, a provider of Continuing Professional Education (CPE) services to CPA & Accounting firms, announced merger to create MYCPE ONE. This strategic merger goes beyond simply combining the services; it’s aimed at building an integrated ecosystem that delivers a comprehensive suite of solutions to CPA & Accounting firms.

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Shay CPA

NOVEMBER 13, 2024

In 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping changes to U.S. tax law — but not all of them were permanent. Some of the provisions from the TCJA are set to expire at the end of 2025. While these expirations primarily affect individual taxpayers, there are still some things that startup founders should know. What’s changing If nothing changes and the TCJA expires on January 1, 2026, taxation across the country will change in a number of ways.

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Canopy Accounting

NOVEMBER 13, 2024

As firm owners, we understand that managing scope is essential for profitability. However, it’s often more challenging than we realize, which is why our firm implemented the 90-day scope check clause. This approach allows us to return to our clients three months after onboarding to ensure we're still aligned and operating within the intended bounds of our original contract.

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.