Accounting Today

MARCH 4, 2024

A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.

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CPA Practice

MARCH 4, 2024

By Venus Wu and Crystal Li. In October 2023, California became the first state to pass regulations for reporting greenhouse gas emissions (GHGs). The regulations are outlined in two bills, the Climate Corporate Data Accountability Act (SB-253) and the Climate-Related Financial Risk Act (SB-261). These laws apply for both private and public U.S. companies that do business in California (not just those with a physical presence in California).

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Accounting Today

MARCH 4, 2024

KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.

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Insightful Accountant

MARCH 4, 2024

We are excited to announce the members of Insightful Accountant’s inaugural Advisor Panel. The primary purpose of the panel is to help us stay “in touch” with the audience we serve and to continue to provide the content you, our audience, want.

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Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

Technology

Accounting Today

MARCH 4, 2024

When someone leaves, they need to be replaced and with that comes orientation, training, introduction to your systems and procedures and to your culture.

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Going Concern

MARCH 4, 2024

In an unusually humble press release that doesn’t use the words “leading accounting and advisory firm” in the first sentence like every other firm does, Crowe announced announced the hiring of Mike Edwards as the next managing principal of Consulting. When he assumes the role on April 1, he’ll be leading a practice that consists of 150 partners and 2,000 professionals.

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Indiana accounted accountant Account 106

Withum

MARCH 4, 2024

Withum is excited to share that Michael George , Partner, has joined the Healthcare Services Team as a strategic leader. Formerly an audit partner at a Big Four firm, Michael has deep technical and industry expertise, including having previously led Healthcare-centered practices. He has a reputation for excellent client service, working to deliver transformative audit and consulting services.

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Accounting Today

MARCH 4, 2024

The regulatory environment around accounting is getting stricter, as the IRS, the SEC and the PCAOB crack down.

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Insightful Accountant

MARCH 4, 2024

Gary and Val take a deep dive into the Zoho products, why accounting professionals may want to consider it for their practice and/or their clients (here's a hint - low cost, high value, and a broad range of products.) Take a look at this episode!

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Accounting Today

MARCH 4, 2024

There's a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.

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Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

Spend Management

Insightful Accountant

MARCH 4, 2024

Last week our calendars all marked a unique day that only comes about once every four years. Leap Day, February 29th, this day intends to sync the calendar with the solar year. It still has its affects tax planning, so discuss with clients.

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Accounting Today

MARCH 4, 2024

What goes into the recipe for accounting firm success? Randy Crabtree goes over the ingredients, and how best to combine them.

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ThomsonReuters

MARCH 4, 2024

Preparers have the following perfection periods to correct and retransmit tax returns or extensions that were filed on time but were rejected by the filing deadline. The IRS considers returns that are resubmitted electronically during the applicable timeframe as timely-filed returns. What is the e-file rejection grace period for federal tax returns?

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tax return corporation tax Tax accounted 98

Xero

MARCH 4, 2024

The latest Xero Small Business Insights (XSBI) data shows just how challenging conditions became for small businesses, and their customers, towards the end of 2023. We’ve summarised the major trends and also have some tips for you on how to navigate the current headwinds. Despite improvements over the past year, inflation (or cost-of-living) pressures remained in late 2023.

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Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

financial statements

Cherry Bekaert

MARCH 4, 2024

On December 28, 2023, the Internal Revenue Service (IRS) released proposed regulations to IRC Section 166 to provide guidance on when debts could be conclusively presumed to be wholly or partially worthless. The proposed regulations will provide an option for regulated financial companies and members of regulated financial groups to use a new method of accounting for federal tax purposes that will align the allowable bad debt deductions to GAAP (book) charge-offs.

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financial statements tax accountant Tax accounted 93

IgniteSpot

MARCH 4, 2024

In the entrepreneurial journey, finding innovative avenues to build wealth and enhance business profitability is paramount. Amidst various strategies, one often overlooked is the power of starting a podcast. Beyond being a medium for sharing stories or industry insights, podcasting holds significant financial benefits for businesses, especially for those led by entrepreneurs striving for growth and profitability.

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CPA Practice

MARCH 4, 2024

By Jo Constantz, Bloomberg News (TNS) Mistakes continued to pile up this earnings season in the wake of Lyft Inc.’s market-roiling typo : Planet Fitness Inc., Mister Car Wash Inc. and Rivian Automotive Inc. all had to correct their quarterly earnings statements. These types of errors shake investor confidence and in extreme cases can result in heavy fines from the U.S.

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accounted Account accountant cpas 78

Accounting Today

MARCH 4, 2024

Jackson Thornton acquired MST CPAs & Advisors; and HHM CPAs merged in Bizzell, Neff & Galloway.

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Speaker: Dave Sackett

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.

Finance

CPA Practice

MARCH 4, 2024

By Richard J. Jackson. Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. This powerful tool can drill down into millions of lines of data, flagging potential anomalies in minutes for auditors to examine instead of relying on the manual selection and review of data samples ― expending significantly more time looking for the proverbial “needle in a haystack.

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Accounting Today

MARCH 4, 2024

The Top 100 Firm also announced the first three member firms of the network, which will focus on food and agriculture clients.

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CPA Practice

MARCH 4, 2024

By Matt Kanas. In the accounting world, the ground beneath our feet is shifting faster than ever, thanks to the whirlwind of advancements in technology such as AI, automation, blockchain, and more. Accountants and firms face daunting challenges around operational approaches, client relationships, and staff retention. But with the right tools and a mindset shift, the changes in our profession can open doors to unprecedented efficiency and insight.

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Technology tax return Start-ups Tax 69

Accounting Today

MARCH 4, 2024

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

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Speaker: Erroll Amacker

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

Technology

CPA Practice

MARCH 4, 2024

Breaking news: Accountants aren’t robots—they’re human beings and sometimes they make mistakes at work. But a new survey from research and consulting firm Gartner finds that capacity constraints are the leading factor to more errors being made than usual in accounting and finance departments. The survey of 497 professionals working in the controllership function, conducted last July, revealed that 18% of accountants said they make financial errors at least daily, with a third making at least a f

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accounted Account accountant accounting and finance 64

Anders CPA

MARCH 4, 2024

Contingent fee attorneys often feel like law firm forecasting is out of reach. There are so many question marks: How much are their cases worth? How much money is coming in this month – and how much needs to be coming in? Contingent firms face unique challenges. They often don’t know the value of the universe of their cases. Because they can’t forecast cash, they have to finance their own cases.

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CPA Practice

MARCH 4, 2024

As of Feb. 24, 943,000 taxpayers had filed returns this tax season through Free File , a 9.7% increase from last year’s comparable period when 860,000 tax returns were filed, the IRS reported on Friday. The increase in Free File usage comes as the IRS released new data on how the 2024 filing season is progressing. Through Feb. 24 , the IRS had delivered more than 28.9 million refunds to taxpayers worth $92.9 billion.

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Tax tax preparation tax return Start-ups 59

Accounting Insight

MARCH 4, 2024

Continuing its global rollout, the award-winning CCH iFirm is set to transform British tax and accounting practices by improving their efficiency and productivity Wolters Kluwer Tax & Accounting (TAA) has launched CCH iFirm ®, its award-winning cloud-based practice management and compliance software platform, in the U.K. The integrated and scalable platform is designed to help make tax and accountancy practices more efficient and productive.

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Withum

MARCH 4, 2024

In this on-demand webinar, Withum’s Tech Advisory Team examine the most common control failures they come across in SOC 2 examinations. They will discuss the 10 most common control failures seen in SOC 2 reports and how to avoid them. Already Registered? Click Here View On-Demand Webinar This on-demand webinar is perfect for tech startups and companies who want to learn more about SOC 2 reports as well as companies that undergo annual SOC 2 reports and are looking for areas of improvement.

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Government 52

Cherry Bekaert

MARCH 4, 2024

Contributors: Melissa Tognacci | Senior Associate, Outsourcing & Resource Solutions Randy Kardas | Senior Manager, Outsourcing & Resource Solutions Empowering student success with educational preparation services involves providing comprehensive support to help students thrive academically. This is where Stravos Education, LLC (Stravos) comes into the picture – its mission-driven philosophy focuses on helping students build confidence, hone strategic skills and achieve academic success.

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general ledger Education Technology accounting and finance 52

VJM Global

MARCH 4, 2024

Held by Hon’ble High Court of Delhi In the matter of M/s ARYAN TIMBER STORE KUMAR SALES TAX OFFICER CLASS II/ AVATO WARD 62 DEPARTMENT OF TRADE AND TAXES IP ESTATE NEW DELHI (WP 628/2024 dated 18th January, 2024) These days, Taxpayers are genuinely facing issues in Input Tax credit due to back date cancellation of GST registrations of the suppliers.

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Tax Legal Sales Government 52

Canopy Accounting

MARCH 4, 2024

What's new: To enhance your experience and help you save time, we've introduced eSignature templates on Canopy. These templates enable you to easily add signature, initial, and date fields to frequently used documents, streamlining the process of preparing documents for signing.

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Speaker: Anna Tiomina, MBA

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?

Finance