ThomsonReuters
NOVEMBER 8, 2024
T ax and accounting firms are rapidly approaching a crossroads when it comes to tax technology. F irms are more focused on technology than ever before, but according to the Tax Firm Technology report, they lack the personnel and workflow infrastructure to achieve true technological success. The future of the tax and accounting industry is being written today — ensure your firm is ready to lead the way.
Acterys
NOVEMBER 8, 2024
As xP&A and write-back solutions in Power BI gain traction, more vendors are entering the field, each claiming to offer “enterprise” solutions. Some even tout their products as the “Ferrari” of the industry, though the comparison often feels more like a toy car stacked up against the real thing. True enterprise-grade xP&A solutions require specific core functionalities to meet rigorous demands, especially when supporting over 100 concurrent users.
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ThomsonReuters
NOVEMBER 8, 2024
Highlights: Growing importance and data demands of ESG : The increasing significance of ESG compliance is overwhelming teams with expanding data demands and regulatory scrutiny. GenAI’s role in ESG management : GenAI is revolutionizing ESG management by automating tasks, accelerating data collection, and providing advanced data analysis. Use cases and benefits of GenAI in ESG : Real-world examples show GenAI’s essential role in meeting ESG obligations, ensuring long-term resilience
CPA Practice
NOVEMBER 8, 2024
Brian Tankersley, CPA, and Randy Johnston review TaxGPT , an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x. Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
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 8, 2024
National Taxpayer Advocate Erin Collins is objecting to proposed regulations that would enable the IRS to shorten its notice requirements from 45 days to as little as 10 days.
Going Concern
NOVEMBER 8, 2024
This Journal of Accountancy article was mentioned in last Friday’s Footnotes (*ahem* Footnotes a wrap-up of the week’s accounting news from other sources without the sassy GC commentary and is published every Friday at 5 pm Eastern) but honestly it deserves its own article in case anyone missed it. In “Offshoring for CPA firms: The hows and whys,” JofA throws out some figures on outsourcing — both foreign and domestic — based on responses from its MAP survey a
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
NOVEMBER 8, 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.
Accounting Today
NOVEMBER 8, 2024
As the conversation around diversity, equity and inclusion evolves, firms find themselves in a complex dance where the music occasionally skips a beat.
CPA Practice
NOVEMBER 8, 2024
Wolters Kluwer Tax and Accounting (TAA) recently announced a series of enhancements to its comprehensive cloud solution, CCH Axcess designed to streamline workflows across return preparation, firm management, and audit. Additionally, they have expanded vendor participation in the CCH Marketplace , further committing to open integration in support of growth.
Accounting Today
NOVEMBER 8, 2024
Plus, Thomson Reuters integrates AI CoCounsel with tax solutions; Sovos introduces 1099 Professional solution; and other accounting tech updates.
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CPA Practice
NOVEMBER 8, 2024
The Information Technology Alliance (ITA), an independent membership association of leading mid-market technology professionals, consultants and product/service providers in North America, announced its new member firms during this week’s ITA Fall Collaborative in Indian Wells, including: Stellar One , providing a fast, reliable way to deploy and use an ERP system, featuring a unique subscription-based approach for cloud ERP software that puts businesses in control of costs and outcomes.
Accounting Today
NOVEMBER 8, 2024
NASBA announces 2024-25 board of directors; HCVT adds pair of partners; and more news from across the profession.
Summit CPA
NOVEMBER 8, 2024
As a small business owner, you probably employ either a bookkeeper, accountant, or fractional CFO to keep track of your business’s financials. The financial statements these financial professionals generate give you insights into the performance of your business in the recent past. While this is essential to understand, it’s equally important to take these insights and use them along with financial and non-financial drivers to generate a business forecast.
Withum
NOVEMBER 8, 2024
Every organization needs to onboard new hires, so any organization can significantly benefit from streamlining its onboarding procedures. As remote work has become common in recent years, HR and IT departments everywhere are navigating new challenges in effectively managing employee onboarding. Teams that are often understaffed lack the skilled resources to manually keep up with demand, leading to delays and errors in provisioning and system access that cause a poor experience for new hires.
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.
Insightful Accountant
NOVEMBER 8, 2024
Insightful Accountant would like to say "Thank You" to all who have honorably served our country in times of war and peace.
Wendy Tietz
NOVEMBER 8, 2024
Greetings! I am excited to announce that Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting. Our podcast is called “Accounting Explained.” Accounting Explained podcast episodes will generally be short (eight to ten minutes) and are designed for students in introductory accounting.
Accounting Today
NOVEMBER 8, 2024
The Public Company Accounting Oversight Board settled a disciplinary order sanctioning JTC Fair Song CPA Firm for repeatedly violating rules and failing to cooperate with the investigation.
CPA Practice
NOVEMBER 8, 2024
Plainview, NY-based accounting firm ZBS Group has acquired fellow New York-based firm Saul Rosenberg CPA, effective Nov. 6. Financial terms of the deal weren’t disclosed. The move will significantly enhance ZBS’s portfolio and expand its service offerings to a broader base of clients, the firm said in a media release. “We are excited to welcome Saul Rosenberg into the ZBS Group family,” Michael Zaidman, tax partner at ZBS Group, said in a statement.
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.
Menzies
NOVEMBER 8, 2024
Menzies LLP - A leading chartered accountancy firm. In this podcast, Menzies look at the Autumn Budget Breakdown 2024, with speakers Jonathan Bass, Partner, Business Recovery, Matt Watkins, Tax Disputes & Disclosures Director, Helen Cuthbert, Partner, Private Client and Stephen Hemmings, Partner, Business Tax. Meet the speakers Partner Jonathan Bass About Jonathan Bass Director Matthew Watkins About Matthew Watkins Partner Helen Cuthbert About Helen Cuthbert Partner Stephen Hemmings About St
Accounting Today
NOVEMBER 8, 2024
The National Taxpayers Union Foundation issued a report saying that federal credit programs are costing taxpayers tens of billions of dollars more than stated because the federal government isn't using fair value accounting.
Wendy Tietz
NOVEMBER 8, 2024
The first episode of Accounting Explained has now been released. In this episode, we discuss the features of a corporation, including the advantages and disadvantages. You can access this podcast episode at this link. Background: Professor Jill Mitchell and I have teamed up to create a series of podcasts for introductory financial accounting.
Randal DeHart
NOVEMBER 8, 2024
Delegation is a skill often discussed but rarely mastered, especially by small construction business owners wearing multiple hats. The balancing act of managing daily operations while pushing for growth can be overwhelming. Imagine if you could free up hours in your day to focus on strategic decisions rather than getting bogged down in every minute detail.
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.
Ronika Khanna CPA,CA
NOVEMBER 8, 2024
When embarking on a new business venture one of the first decisions that a new business owner has to make is the type of legal structure that best suits the needs of the new business. In Canada there are essentially two choices - set up a business registration, which is either a sole proprietorship or partnership, also referred to as an unincorporated entity OR set up a corporation which results in the creation of separate legal entity.
CPA Practice
NOVEMBER 8, 2024
KNAV, an Atlanta-based global accounting firm and a top 300 firm in the U.S., has combined with HLG Netherlands, a firm that provides tax, assurance, and advisory services, effective Oct. 16. This merger builds on a five-year joint venture between the accounting firms, which was designed to serve KNAV’s multinational clients with subsidiaries in the Netherlands while giving HLG access to KNAV’s global talent pool.
SchoolofBookkeeping
NOVEMBER 8, 2024
NOTE: This is an excerpt from Intuit's "In The Know" Webinar Series that covers new and upcoming features in QuickBooks Online. You can register for the series here. Introducing Carla Caldwell In the August 2024 "In The Know" webinar, Intuit welcomed Carla Caldwell, a renowned firm leader, ProAdvisor, and trainer, to dive deep into QuickBooks Bill Pay.
Withum
NOVEMBER 8, 2024
In the ever-evolving landscape of technology, generative artificial intelligence (GenAI) is seen as a game changer for enterprises. Generative AI for business is changing enterprise operations, from streamlining processes to boosting productivity and transforming everyday workflows. According to a McKinsey Global Survey , 65% of respondents reported that their organizations are regularly using GenAI, nearly double the percentage from the previous survey conducted just 10 months ago.
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
ThomsonReuters
NOVEMBER 8, 2024
As Donald Trump assumes the presidency again, global trade professionals are confronted with a complex and uncertain landscape. Trump’s past policies and rhetoric suggest significant changes in the global trade environment, which could have far-reaching implications for international markets and economies. This blog explores the potential impacts of the new presidency on global trade, the role of trade professionals in this evolving scenario, and key areas of focus including the De Minimis
Accounting Today
NOVEMBER 8, 2024
Although no Republicans voted for the measure two years ago, some of its incentives, such as tax credits for producing hydrogen and capturing carbon dioxide, are very popular with oil companies and other core GOP constituencies.
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