Going Concern
NOVEMBER 19, 2024
Well this is a surprising turn of events. On Friday, we prompted the readership to speculate about which mid-tier accounting firm was going to announce a private equity investment on Monday after a Reddit post teased an imminent announcement. Our money was on Carr, Riggs, & Ingram and a tip that came in shortly after publication confirmed that suspicion.
TaxConnex
NOVEMBER 19, 2024
Those involved in mergers and acquisitions often get understandably excited about the deal, especially execs who stand to see their business power (and paychecks) expanded. These execs might also go into the deals knowing all about the familiar M&A landmines such as employees’ reactions or overpaying the target company. Other potential deal-killers, though, might get less scrutiny in due diligence – including problems with a target company’s past sales tax compliance.
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CPA Practice
NOVEMBER 19, 2024
By Monte Swain, PhD, CMA, CPA, CGMA. If you’re planning a career in the world of accounting or finance, two distinctions have the branding impact and bench strength you need. Invest your time and effort into stacking the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) letters behind your name. First and Lasting Impressions The first impression a potential employer will have of you comes in a flash – the top line of your LinkedIn profile or your resume or perhaps a qui
Accounting Today
NOVEMBER 19, 2024
PricewaterhouseCoopers made a $1.5 million investment to Bryant University to fund the launch of the PwC AI in Accounting Fellowship.
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
NOVEMBER 19, 2024
By Alex Tanzi Bloomberg News (TNS) In a cooling U.S. labor market, recent college graduates are among those feeling the chill most. The gap between the unemployment rate for recent graduates and the overall rate for Americans with a college degree widened to 2.8 percentage points in September, according to data published Tuesday by the Federal Reserve Bank of New York.
GrowthForceBlog
NOVEMBER 19, 2024
8 min read October 19th, 2024 Deciding whether or not to invest in a next-level accounting solution with enterprise resource planning (ERP) capabilities, is a big decision. Key Takeaways How to Perform a Cost-Benefit Analysis of Sage Intacct Implementation: First, you'll need to look at the costs of purchasing and implementing new software in your business.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 19, 2024
A new analysis of audit committee disclosures of companies in the S&P 1500 reveals a plateau in disclosure rates across several areas important to investors, including considerations in appointing or reappointing the external auditor, length of auditor tenure, and how the audit committee evaluates audit fees in relation to audit quality. The Center for Audit Quality (CAQ) and Ideagen Audit Analytics on Nov. 18 released the 11th iteration of the annual Audit Committee Transparency Barometer R
Accounting Today
NOVEMBER 19, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.
CPA Practice
NOVEMBER 19, 2024
In the past, taxpayers have often relied on the “Cohan rule” from an age-old case to bail them out of a tax jam. It often comes up when a business is unable to substantiate all of its out-of-pocket expenditures. Now a restaurant owner in a brand-new case, Pak, TC Memo 2024-86, 9/11/24, has gone back to the well again. Basic premise: The plaintiff in the landmark federal court decision was none other than legendary vaudeville and Broadway star George M.
Accounting Today
NOVEMBER 19, 2024
The Treasury Inspector General for Tax Administration has launched a social media campaign, even as the Senate is vetting its next head.
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.
Basis 365
NOVEMBER 19, 2024
In the fast-paced world of business, financial oversight is crucial. But not every company, especially companies that are in strong growth stages, needs a full-time Chief Financial Officer (CFO). This is where a fractional CFO can step in to provide companies with executive-level financial expertise on a part-time, contractual, or project basis. This flexible approach gives businesses access to the strategic guidance they need without the high cost of a full-time CFO.
Accounting Today
NOVEMBER 19, 2024
The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.
CPA Practice
NOVEMBER 19, 2024
Top 60 accounting firm Doeren Mayhew has expanded its footprint in western Michigan by acquiring Biggs, Hausserman, Thompson & Dickinson (BHT&D CPAs), a Saranac-based full-service CPA firm. Financial terms of the deal weren’t disclosed. BHT&D and its employees began operating under the Doeren Mayhew name effective Oct. 2. Joshua Garvey “We’re committed to continuing to grow our West Michigan market.
LSLCPAs
NOVEMBER 19, 2024
The Secure 2.0 Act is raising the catch-up contribution limit for workers, with the goal to make retirement more attainable. Beginning in 2025, participants in 401K or other employer-provided qualified retirement plans who are age 60, 61, 62, or 63 by 12/31/25 can take advantage of the Super Catch-Up Contribution, which is $11,250 instead of. The post Exciting New Rules for Retirement Savings Happening in 2025 – The Super Catch-Up Contribution appeared first on LSL CPAs.
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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
NOVEMBER 19, 2024
A new proposal that would establish authoritative guidance on the accounting for government grants received by businesses was issued by the Financial Accounting Standards Board (FASB) on Nov. 19. U.S. accounting rules don’t currently have specific guidance about the recognition, measurement, and presentation of a grant received by a business entity from a government.
Withum
NOVEMBER 19, 2024
Learn how Withum’s ERP team worked with a chemical manufacturer optimize its operations by implementing Oracle NetSuite and utilizing add-on products to enhance efficiency. Executive Summary A chemical manufacturer sought to optimize its operations by implementing Oracle NetSuite. Withum’s ERP team worked with the client to maximize NetSuite’s capabilities, utilizing add-on products to enhance efficiency.
ThomsonReuters
NOVEMBER 19, 2024
← Blog home The emergence of new trends now has serious implications for medical technology (MedTech) companies and their ability to maintain compliance with indirect tax (IDT) rules and regulations. Compliance has traditionally been a complex undertaking for the MedTech industry, but the advent of advanced, integrated technologies and global business operations are introducing additional considerations that must be addressed.
Withum
NOVEMBER 19, 2024
Starting a business is a big undertaking and is admirable. However, it entails great risks. One risk that is not always recognized is the choice of entity and that is something that should be decided upon before starting the business. Join me on November 21, 2024 for a webinar on Considerations for Choosing the Right Business Entity to determine which is best for you.
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
NOVEMBER 19, 2024
The Main Street Alliance and Small Business Majority have launched the Small Business Tax Fairness Coalition (SBTF), a national initiative to advocate for a U.S. tax code that prioritizes the needs of America’s entrepreneurs. This partnership comes as Congress prepares to renegotiate the Tax Cuts and Jobs Act (TCJA) ahead of the sunset of many of its key provisions in 2025—a pivotal moment for small businesses across the country.
inDinero Tax Tips
NOVEMBER 19, 2024
Startup advisor equity compensates key consultants with shares rather than cash. It benefits the startup, which conserves liquid capital, and the advisor, who could reap significant rewards if the company thrives. In this article, we’ll discuss the basic types of advisor equity, industry norms for such agreements, and other considerations to make before issuing shares of your startup. 10 Growth Tips From Venture Capitalists Wondering what it takes to impress investors when funding your startup?
CPA Practice
NOVEMBER 19, 2024
By Jeff Gramlich, CPA, CITP In today’s audit landscape, we’re witnessing the early stages of an AI revolution. But what happens when AI meets truly free-flowing, real-time, standardized financial data? Let’s look beyond the current buzz and explore what’s actually possible when we solve the data problem first. The missing piece: Data that flows While everyone’s talking about AI, there’s a crucial element that often gets overlooked: the quality and accessibility of the underlying data.
Anders CPA
NOVEMBER 19, 2024
As the end of support (EOS) date for Windows 10 approaches, businesses must prepare for the transition to ensure their systems remain secure and functional. After October 14, 2025, Microsoft won’t provide updates and security patches for Windows 10, making it essential to make long-term plans to move to Windows 11 or another supported operating system.
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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.
CPA Practice
NOVEMBER 19, 2024
By Jackie Meyer, CPA Recent research has found that 99% of accountants experience burnout, which as personally disturbing as it sounds, can ultimately impact your bottom line. In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. In the accounting world, burnout is especially common during tax busy season.
ThomsonReuters
NOVEMBER 19, 2024
← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. The 2024 State of the Corporate Tax Department report by Thomson Reuters Institute highlights these pressing issues, making a compelling argument for increasing technology budgets to unlock new levels of efficiency and strategic value.
VJM Global
NOVEMBER 19, 2024
The Invoice Management System (IMS), which allows the taxpayer to take action on each and every invoice reflected in IMS, has been made live on the GST Portal with effect from 14th October 2024. Considering the fact that the IMS is a drastic change in the manner of filing of GST returns, the GSTN is issuing instructions and advisory regularly to help the taxpayers understand the IMS properly and ensure smooth implementation of the same.
FraudFiles
NOVEMBER 19, 2024
Testifying is the pinnacle of an expert witness’s work in a case. It may well be the most important part of the expert’s work, as the assistance of a competent financial expert is the key to cases involving economic damages and other financial calculations. An expert must do much more than just analyze facts and [.
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 Insight
NOVEMBER 19, 2024
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, as highlighted by Modulr’s survey of 250 accounting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.
Insightful Accountant
NOVEMBER 19, 2024
Whether you are a U.S. or International Applicant for the 2025 Awards there are two critical things to remember when working on your application.
Summit CPA
NOVEMBER 19, 2024
Jonathan Baker joins Hannah and Jamie as they delve into the intricacies of mergers and acquisitions (M&A) within the creative agency sector.
Insightful Accountant
NOVEMBER 19, 2024
How are a great venue, cool professionals, informative speakers and great refreshments all connected. by Intuit Enterprise Suite.
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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.
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