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.
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
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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.
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
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
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.
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.
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
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
PricewaterhouseCoopers made a $1.5 million investment to Bryant University to fund the launch of the PwC AI in Accounting Fellowship.
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.
Accounting Today
NOVEMBER 19, 2024
The move follows an accounting scandal that has wiped out billions of dollars in market value and drawn investigations by the DOJ and SEC.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
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.
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.
Xero
NOVEMBER 19, 2024
Bank feeds have transformed how small businesses manage their bookkeeping. Gone are the days of manually comparing bank statements with accounting records. Today, with cloud accounting, you can securely and automatically import bank transaction data and easily reconcile it, so you have a single, up-to-date view of your transactions and cash flow. Bank feeds reduce manual admin and automate data entry.
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.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
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.
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.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
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.
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.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Insightful Accountant
NOVEMBER 19, 2024
How are a great venue, cool professionals, informative speakers and great refreshments all connected. by Intuit Enterprise Suite.
Accounting Today
NOVEMBER 19, 2024
Fighting scope creep; QCDs as the year ends; advising ministers; and other highlights from our favorite tax bloggers.
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.
Accounting Today
NOVEMBER 19, 2024
In a bid to stay listed, the company appointed BDO USA as its independent auditor after EY resigned.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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.
Accounting Today
NOVEMBER 19, 2024
CPAs must navigate conflicts of interest, transparency and confidentiality while representing clients in IRS negotiations.
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 [.
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.
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