CPA Practice

OCTOBER 17, 2024

By Mike Varney, Vice President, Finance and Operations at Extend. The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% between 2021 and 2022, after steady decreases of 1-3% since 2015-16.

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Accounting Today

OCTOBER 17, 2024

With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.

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business tax Tax 117

CPA Practice

OCTOBER 17, 2024

Updated: Oct. 17, 2024, with comments from Intuit and the AICPA. TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts. The irritation factor for some tax professionals and CPAs who provide tax preparation services is that Intuit, the maker of TurboTax and several other consumer b

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tax preparation cpas CPA quickbooks 115

Accounting Today

OCTOBER 17, 2024

The IRS is warning taxpayers about the red flags that a 'charity' seeking donations may not be on the up and up.

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Tax 112

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

CPA Practice

OCTOBER 17, 2024

The Governmental Accounting Standards Board ( GASB ) has issued guidance that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures. GASB Statement No. 104, Disclosure of Certain Capital Assets , also establishes requirements for capital assets held for sale and requires additional disclosures for those capital assets.

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financial statements accounting standards Sales Government 111

Accounting Today

OCTOBER 17, 2024

As the pool of eligible talent in the profession continues to shrink, and rougher markets force waves of layoffs, experts weigh in on what changes could turn the tide.

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accountant accounted Account 94

AccountingDepartment

OCTOBER 17, 2024

Imagine having access to top-tier financial expertise without the full-time cost. That's precisely what CFO Support Services offers. In today's fast-evolving business landscape, financial acumen is not just a luxury but a necessity for growth and sustainability. Entrepreneurs and small-to-medium business (SMB) owners often juggle multiple roles, and strategic financial management is frequently overlooked.

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CPA Practice

OCTOBER 17, 2024

Jarrell Dillard, Mark Niquette Bloomberg News (TNS) Applications for U.S. unemployment benefits unexpectedly fell after jumping the previous week in Southeastern states affected by Hurricane Helene, and data will probably remain volatile in the coming weeks. Initial claims decreased by 19,000 to 241,000 in the week ended Oct. 12. The median forecast in a Bloomberg survey of economists called for 259,000 applications.

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SkagitCountyTaxServices

OCTOBER 17, 2024

When running a business, no one prepares you for how to handle hurricanes like Helene and Milton. They probably didn’t think to cover that chapter in business school. The IRS is stepping up to provide assistance to business owners throughout the Southeast who have been affected by the recent storms. If your business was impacted by either Hurricane Milton or Helene, the IRS is postponing a number of filing and payment deadlines until May 1, 2025.

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payroll CPA Tax 75

CPA Practice

OCTOBER 17, 2024

The Indiana CPA Society’s statewide 19th annual CPA Day of Service was Sept. 27, when teams from 15 organizations completed 19 service projects in 17 Indiana communities: Carmel, Columbus, Fishers, Fort Wayne, Goshen, Greensburg, Indianapolis, Lafayette, Michigan City, Muncie, Portage, Notre Dame, Seymour, South Bend, Valparaiso, Warsaw and Winona Lake.

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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.

Accounting Today

OCTOBER 17, 2024

When faster, cheaper, and better may not always be the best.

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CPA Practice

OCTOBER 17, 2024

Despite soaring concerns about their business’ financial security and personal job security, the survey found that small to midsize businesses across the country are investing in technology more now than the past three years, both foundational and emerging. This is according to the fifth annual Verizon State of Small Business survey. In the past year, the number of SMBs using AI has more than doubled (39% of SMBs are using AI in 2024 compared to 14% in 2023), in large part due to the growing fam

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Technology Retail 96

Accounting Today

OCTOBER 17, 2024

Acumatica announced the launch of its Professional Services Edition, meant to provide accounting and project support for consultants, engineers, architects and other practices.

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accountant Account accounted 65

Going Concern

OCTOBER 17, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

Accounting Today

OCTOBER 17, 2024

Unaltered behavior; playing chicken; out on a rail; and other highlights of recent tax cases.

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Tax tax preparation 90

Reckon

OCTOBER 17, 2024

Halloween rears its spooky head every year, and Australian feelings are mixed. Halloween is an American cultural export, where costumed kids take the streets searching for lollies, and adults either hand out treats at the door or attend dress-up parties with varying degrees of effort. Regardless of what Aussies think, however, data shows that consumers regularly splurge during the spooky season , cementing that Halloween is here to stay.

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accounting software payroll Retail Sales 52

inDinero Accounting

OCTOBER 17, 2024

For small business owners and startup founders, navigating the complex world of tax deductions can feel like traversing a financial minefield. Yet, understanding and maximizing these deductions often marks the difference between merely staying afloat and truly thriving. The IRS allows businesses to deduct a wide range of “ordinary and necessary” expenses, but the devil, as they say, is in the details.

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business tax Tax bookkeeping bookkeeping services 52

SchoolofBookkeeping

OCTOBER 17, 2024

Intuit's latest move with their "Tax Breakup" campaign is nothing short of a slap in the face to independent tax professionals everywhere. By aggressively promoting TurboTax and offering to undercut Tax Professionals fees by 10%, Intuit is not just competing; they're blatantly trying to poach our clients. This campaign is a glaring example of how Intuit, once a trusted software provider, is now turning into a direct competitor, threatening the livelihoods of countless independent tax preparers.

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Tax tax preparation quickbooks bookkeeping 52

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Account

Withum

OCTOBER 17, 2024

In a letter to the French scientist Jean-Baptiste Leroy in 1789, Benjamin Franklin wrote, “Our new Constitution is now established and has an appearance that promises permanency, but in this world, nothing can be said to be certain, except death and taxes.” The Constitution indeed has changed over the years through amendments and judicial interpretations.

Tax 52

Tax tax planning Real Estate Non-Profits 52

CPA Practice

OCTOBER 17, 2024

Top 20 accounting firm Citrin Cooperman is expanding its presence in Connecticut and New England by acquiring Teplitzky & Co., a Woodbridge, CT-based accounting, consulting, and tax firm specializing in the healthcare industry, effective next month. Financial terms of the deal weren’t disclosed. Teplitzky will join the Citrin Cooperman alternative practice structure with five partners and more than 20 professionals.

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ThomsonReuters

OCTOBER 17, 2024

← Blog home In an era where corporate sustainability is not just a buzzword but a business imperative, new reporting directives from the European Union (EU) pose significant challenges for companies aiming to maintain robust Environmental, Social, and Governance (ESG) compliance. The EU’s Corporate Sustainability Reporting Directive (CSRD) promotes transparency and accountability in the corporate world, but its implementation poses significant hurdles for companies of all sizes.

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Technology corporation tax Tax Government 52

Accounting Insight

OCTOBER 17, 2024

Balance Sheet Companies are required to prepare a certain number of documents called financial statements. One of these is the balance sheet. Yet it is neither a balance nor a sheet. Moreover, putting ‘balance’ and ‘sheet’ together means nothing. They could have called it ‘equilibrium blanket’, no less inaccurate and every bit as silly. A balance sheet is simply a list of assets and liabilities, including equity.

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financial statements Account accountant accounted 52

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Menzies

OCTOBER 17, 2024

Menzies LLP - A leading chartered accountancy firm. Is pre-pack administration a smart strategy to rescue a struggling business, or is it just prolonging the failure of a company that should have folded? With a significant increase in pre-pack deals, many are questioning their long-term viability and impact on creditors. What is an administration? Administration is a legal process that companies can only enter into if they are able to achieve one of the following three statutory purposes: rescui

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chartered accountant Sales Legal Maine 52

Accounting Insight

OCTOBER 17, 2024

With the increased use of AI in the finance function, CFOs are juggling an ever-increasing corporate remit. You can’t open a newspaper (or website) without reading about the latest AI advancement and how it can be used to defend against and prevent cyberattacks. Does the exponential advancement of AI mean that finance leaders and decision-makers now have to become experts in cyber security?

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Finance AP Automation accounting and finance accounts payable 52

Accounting Today

OCTOBER 17, 2024

The commission is focused on accounting errors the railroad had previously disclosed and certain non-financial performance metrics.

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Insightful Accountant

OCTOBER 17, 2024

This week's Top ProAdvisor Profile focuses on Heather Kwitschau of The Executive Geek in Batavia, Illinois.

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Illinois 52

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Accounting Today

OCTOBER 17, 2024

The Top 25 Firm is expanding in Connecticut by adding the Woodbridge-based accounting, consulting and tax firm.

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Insightful Accountant

OCTOBER 17, 2024

New B2B payments collaboration provides Pivot Payables’ users with on-demand virtual Cards in PivotLynx.

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Accounting Today

OCTOBER 17, 2024

The Supreme Court decision in Loper Bright has broad implications for the tax regulations written and administered by the Treasury and the IRS as well as the agencies tasked with the regulation of the alternatives industry.

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Tax 65

CPA Practice

OCTOBER 17, 2024

Data released by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, according to National Retail Federation chief cconomist Jack Kleinhenz. “While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value,” Kleinhenz said.

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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