Accounting Insight
JUNE 7, 2024
While the accounting sector has long been shaped by technology, and in particular automation, the last couple of years have perhaps laid the foundations for the greatest change to date. At the heart of this shift is AI and its growing integration with accounting software. But change is also being driven by evolving customer habits in a post-Covid and digitised landscape.
Accounting Today
JUNE 7, 2024
While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it's losing ground is in processing all the documentation for tax adjustments.
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Going Concern
JUNE 7, 2024
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver As much as I enjoy reading Going Concern, I find the article titled “ Did the Anti-150 Hour Crowd Finally Beat the AICPA Into Submission? Looks That Way ” troubling. Busy people might read only the title and believe that the “extra 30” is dying.
Accounting Today
JUNE 7, 2024
The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some victims waiting nearly two years.
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.
CPA Practice
JUNE 7, 2024
This week at the ENGAGE conference in Las Vegas, topline results of the Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey were revealed during the AICPA Town Hall. What was discussed were the biggest issues facing accounting firms of differing sizes in 2024—and which of those challenges were the most common. Survey respondents were asked to rank the impact of a host of issues on a 1 to 5 scale, with one being “minimal” and five being “extreme.
Accounting Today
JUNE 7, 2024
The Bonadio Group launches business unit; RSM appoints leader to new Professional Services+ practice; and more news from across the profession.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JUNE 7, 2024
Plus, Vertex consolidates Accelerator and Chain Flow Accelerator into single solution; and other accounting tech news.
CPA Practice
JUNE 7, 2024
A federal jury convicted a Utah man on June 4, 2024, of tax evasion and forcibly retaking property that had been seized by the government to pay his outstanding tax debt. According to court documents and evidence presented at trial, Paul Kenneth Cromar owned a home in Cedar Hills, Utah, and operated Blue Moon Productions LLC, a freelance film and media production company.
Accounting Today
JUNE 7, 2024
The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.
Randal DeHart
JUNE 7, 2024
In the competitive construction industry, implementing efficient business systems can make a significant impact on the overall success and profitability of a construction business, regardless of its size or specialization. From streamlining operations to improving project management, adopting efficient systems can yield tangible benefits that truly pay off in the long run.
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.
CPA Practice
JUNE 7, 2024
By Sarah Acton. Growth is often top of mind for accounting firm leaders, but what does sustainable growth actually look like in practice? In this Q&A, I asked Jason Blumer, CPA to discuss firm growth and what firms truly need to be able to scale and succeed. Jason knows a thing or two about firm growth and innovation: after originally taking over his father’s accounting firm, he is now the CEO of Blumer CPAs, an experimental CPA firm, and founder and CEO of Thriveal CPA Network, a community
Accounting Today
JUNE 7, 2024
Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, such as back-dating contracts, pretending to ship goods, and overpaying for unnecessary services so vendors would then buy the company's products.
AccountingDepartment
JUNE 7, 2024
We are thrilled to announce that Episode 21 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Accounting Today
JUNE 7, 2024
A former auditor, Nicolas Forissier was made a "chevalier" — or knight — of France's National Order of Merit during a ceremony at the Senate in Paris.
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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.
CPA Practice
JUNE 7, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, review Black Ore Tax Autopilot, an AI tax prep system for CPAs, which features complete 1040 tax preparation automation. 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.
Accounting Today
JUNE 7, 2024
The deadline for Accounting Today's 2024 VAR 100 survey has been extended to Wednesday, June 12.
CPA Practice
JUNE 7, 2024
The Department of the Treasury and Internal Revenue Service have issued Notice 2024-48 (PDF) that publishes information taxpayers may use to determine whether they meet certain requirements under the Statistical Area Category or the Coal Closure Category in Notice 2023-29 for purposes of qualifying for the Energy Community Bonus Credit. These lists are provided in Appendix 1 PDF and Appendix 2 PDF of this notice.
Withum
JUNE 7, 2024
There is too much talking and not enough listening. This is particularly so in politics where it is believed that the more you talk and the louder, the more your views will get through. I don’t believe this is so, but it might be since that is what I see on political segments on television and hear on the radio. I do not think the browbeating is effective.
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
CPA Practice
JUNE 7, 2024
Boomer Consulting, Inc., a provider of unique consulting services, peer-led communities and thought leadership for the accounting profession, has launched the Boomer Knowledge Network ( bkn.boomer.com). This innovative, subscription-based platform is designed to deliver valuable resources to accounting firms of all sizes, helping them achieve growth and profitability.
Patriot Software
JUNE 7, 2024
From tax preparation to advising, your accounting services are invaluable to small businesses. One in-demand service among small business owners is payroll. Not to mention, 43% of accounting firms believe payroll services can benefit clients.
ThomsonReuters
JUNE 7, 2024
Earned wage access (EWA), also known as on-demand pay, continues to be an integral part of the employee benefits packages offered by employers. With technological advancements enabling instant access to earned wages, employees increasingly expect such financial flexibility in managing their cash flows, which can spur adoption and growth. Some of the resistance points from payroll professionals and concerns with tax compliance are being addressed through communication and the use of data analytic
Cherry Bekaert
JUNE 7, 2024
Komar Brands Apparel Manufacturing & Distribution The Project Komar Brands has built a world-class apparel manufacturing and distribution operation over the last century. Today, the company is 50% owned by women, and the Qualified Active Low-Income Community Business (QALICB) will maintain this status. With over 100 brands, a global footprint, and recent growth, the company is looking to expand on its track record of success.
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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.
LSLCPAs
JUNE 7, 2024
Accounts payable fraud is a growing concern for local governments, with vendor scams becoming an increasingly common problem. Bad actors are contacting local governments, claiming to be from a vendor and requesting changes to addresses or bank information. Without proper controls in place, these changes are often made without verification, resulting in payments being made.
Accounting Today
JUNE 7, 2024
The jobs report blew past expectations, although the unemployment rate ticked up to 4%.
Ronika Khanna CPA,CA
JUNE 7, 2024
Table of Contents When starting a business, it can be confusing and a little overwhelming to keep on top of the different types of tax filings that need to be submitted and ensuring that these tax deadlines are met. It isn’t always clear, particularly to a new business owner, as to what the various documents from Revenue Canada or Revenue Quebec relate to., which often contains jargon that requires decoding.
Accounting Today
JUNE 7, 2024
Here's a step-by-step guide to calendar blocking.
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.
Accounting Today
JUNE 7, 2024
The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall Street donors but threatens to add trillions of dollars to the national debt.
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