Accounting Today

JUNE 28, 2024

There has been a revolution in data accessibility over the past 40 years, and it's creating major opportunities for accountants.

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CPA Practice

JUNE 28, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss several changes coming to QuickBooks in 2024, including in pricing and strategic changes in the organization. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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quickbooks Technology Account accountant 105

Accounting Today

JUNE 28, 2024

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 8.

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Withum

JUNE 28, 2024

Withum is proud to announce its 2024 New Partner Class. It’s my privilege to introduce Withum’s 2024 New Partner Class. We are celebrating these individuals for reaching a career milestone they have worked tirelessly toward. Each person on this list has exhibited a strong entrepreneurial spirit, dedication to their profession, and long-lasting grit that I am sure will propel them and our firm through many years of success.

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Speaker: Gary Dmitriev

Automation promises increased efficiency and reduced costs, but how do you sift through the hype to find the right solution for your organization? Our upcoming webinar aims to demystify the process of selecting and implementing automation tools. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals.

Technology

Accounting Today

JUNE 28, 2024

Plus, KPM CPAs welcomes eight new staff accountants; ConvergenceCoaching graduates 2023-24 spring leadership class; and more news from across the profession.

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cpas Account accountant accounted 104

AccountingDepartment

JUNE 28, 2024

We are thrilled to announce that our season 1 finale, Episode 24, of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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accounting careers Account accountant accounted 93

Going Concern

JUNE 28, 2024

Poor Andy Baldwin, he’s gonna hate this news. As former cheerleaders of Project Everest make their hasty exits , Carmine Di Sibio’s successor made a strong statement to EY people yesterday that a split of audit and consulting practices is not on the menu. Her comments sound a lot like what was said by Deloitte Global CEO Joe Ucuzoglu about his firm’s superior “multidisciplinary private partnership model” when the Green Dot and P-Dubs were busy rebuking the EY split

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audit Account accountant accounted 63

Cherry Bekaert

JUNE 28, 2024

Contributors: Priyanka Munipalle, Senior Manager, Information Assurance & Cybersecurity Services Third-Party Risk Management (TPRM) is critical for organizations to effectively manage risk. The challenge is that effective TPRM requires coordination of executive leadership, legal, compliance and risk management teams across the organization. Teams often find themselves allocating time and effort to certain aspects of TPRM, potentially overlooking more impactful strategies for managing vendor

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Technology Legal auditor audit 59

Accounting Today

JUNE 28, 2024

A divided U.S. Supreme Court threw out a decades-old legal doctrine that empowered federal regulators to interpret unclear laws, issuing a blockbuster ruling that will constrain environmental, consumer and financial-watchdog agencies.

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Canopy Accounting

JUNE 28, 2024

What qualifications are necessary to become an enrolled agent? An enrolled agent is a federally certified tax practitioner who can represent taxpayers before all administrative levels of the Internal Revenue Service. Enrolled agents help individuals, corporations, and trusts when audited by the IRS. Enrolled agents specialize in tax resolution. The status of an enrolled agent is the highest credential given by the IRS.

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audit Tax 52

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

Account

ThomsonReuters

JUNE 28, 2024

Jump to: A look at the tax research landscape Understanding the benefits of AI for tax and accounting professionals A deeper look at how AI can transform tax research How AI can enhance client service Are you ready to harness the power of AI? In recent years, AI has become a transformative force across various industries — and the tax and accounting profession is no exception.

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Account accountant accounted Tax 52

Withum

JUNE 28, 2024

Many people need a professional to help with their personal financial planning. Following is a checklist of what to bring to your first meeting. The better prepared you are, the better the meeting will be. Financial Planning Checklist A personal financial statement if you have one. Many of the following items provide the backup of your net worth. If you do not have a financial statement the planner should be able to prepare one from the information you provide, but that will delay the start of t

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CPA Practice

JUNE 28, 2024

Increased tech skills, the use of artificial intelligence (AI), and surviving the economy dominated the results of the 2024 Intuit QuickBooks Accountant Technology Survey of 700 U.S. accountants. While the survey showed the profession has felt the shockwaves of changing economic conditions, failure to keep pace with technological advancements is the greatest risk to the industry, ahead of higher interest rates, the rising cost of goods, and widespread hiring challenges (Exhibit 1).

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Cherry Bekaert

JUNE 28, 2024

Contributors: Carole Sorensen, Senior Manager, Risk & Accounting Advisory Services In the aftermath of the Enron scandal and other widespread fraud and failures, the Sarbanes-Oxley (SOX) Act was enacted to improve corporate transparency and accountability in financial reporting and to prevent corporate fraud from occurring. Although SOX compliance is now a requirement for all publicly traded companies in the U.S., the necessary SOX audit process can be a time-consuming and costly undertaking

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auditor audit Manufacturing Account 52

Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

Menzies

JUNE 28, 2024

Menzies LLP - A leading chartered accountancy firm. Life is unpredictable but we can protect our loved ones by securing their future with life insurance. What is Life Insurance Life insurance provides you with a lump sum benefit in the event of your death or sometimes terminal illness. Protecting loved ones Life insurance ensures your loved ones are financially protected in the event of your death.

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chartered accountant accounting firms Tax Account 52

Cherry Bekaert

JUNE 28, 2024

Podcast host Danny Martinez, Managing Director and Government & Public Sector Accounting Advisory Lead, is joined by Lauren Strope, Partner, and Jack McKee, Advisory Senior Manager to recap and reflect on their time at the 118th Government Finance Officers Association (GFOA) National Conference. Held in Orlando, FL, the conference had over 7,000 attendees, with 50 states represented and chances for continuing professional education (CPE), networking and learning.

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Accounting Today

JUNE 28, 2024

Plus, Solix Technologies touts enterprise-grade document management on a budget; and other accounting technology news.

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Cherry Bekaert

JUNE 28, 2024

Processes That Can Transform Your Back Office and Beyond In the modern business landscape, accounting and finance transformation has emerged as a pivotal strategy fueled by the emphasis on automation, standardization, scale, efficiency and cost reduction. The term “transformation” in today’s world has largely been defined as the optimization of the organization’s use of talent, technology and process.

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accounting and finance Technology Finance Account 52

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Accounting Today

JUNE 28, 2024

The 6-3 decision could reduce the commission's leverage to extract high-dollar settlements.

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CPA Practice

JUNE 28, 2024

By Gail Cole. June 21, 2024, marked the sixth anniversary of South Dakota v. Wayfair, Inc., the pivotal United States Supreme Court decision that enabled states to tax remote sales. Some states and businesses are still grappling with the outcome of the ruling, even six years on. Keep reading for a recap of the Wayfair decision , how Wayfair affected sales tax , and a summary of some of the most contentious ramifications stemming from remote sales tax requirements.

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South Carolina South Dakota Sales Tax 52

Accounting Today

JUNE 28, 2024

The Treasury and the Internal Revenue Service issued final regulations on reporting by brokers on dispositions of digital assets such as cryptocurrency for customers in certain sale or exchange transactions.

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CPA Practice

JUNE 28, 2024

The Department of the Treasury and the Internal Revenue Service have issued final regulations that provide taxpayers and tax professionals with guidance on how to report and pay the 1 percent excise tax owed on corporate stock repurchases. The Inflation Reduction Act imposed a new excise tax on stock repurchases equal to 1 percent of the aggregate fair market value of stock repurchased by certain corporations during the taxable year, subject to adjustments.

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Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

Accounting Today

JUNE 28, 2024

The need for a revolutionary approach in fraud prevention is clear.

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Randal DeHart

JUNE 28, 2024

Running a small construction business comes with unique challenges, and dealing with toxic employees is undoubtedly one of the trickiest. A single troublesome team member can disrupt productivity, affect team morale, and ultimately harm your business's success. These individuals can create a hostile work environment, lower morale, and reduce productivity.

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Going Concern

JUNE 28, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Randal DeHart

JUNE 28, 2024

Running a small construction business comes with unique challenges, and dealing with toxic employees is undoubtedly one of the trickiest. A single troublesome team member can disrupt productivity, affect team morale, and ultimately harm your business's success. These individuals can create a hostile work environment, lower morale, and reduce productivity.

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Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Accounting Today

JUNE 28, 2024

The contentious debate Thursday evening between President Joe Biden and former President Donald Trump included some discussion on tax policy, but Biden's unsteady delivery left many Democrats worried about his ability to continue his campaign.

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CPA Practice

JUNE 28, 2024

FactCheck.org CQ-Roll Call (TNS) The much-anticipated first debate of 2024 between President Joe Biden and former President Donald Trump featured a relentless barrage of false and misleading statements from the two candidates on immigration, the economy, abortion, taxes and more. [ Editor’s note: We are excerpting portions of this article that focus solely on Social Security and taxes.

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CPA Practice

JUNE 28, 2024

By David G. Savage, Los Angeles Times (TNS) In a major victory for business, the Supreme Court Friday gave judges more power to block new regulations if they are not clearly authorized by federal law. The court’s conservative majority overturned a 40-year-old rule that said judges should defer to agencies and their regulations if the law is not clear.

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