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.

Technology 124

Technology Account accounted accountant 124

Acterys

OCTOBER 17, 2024

From startups to multinationals, Microsoft Excel is at the core of countless organizations’ data analysis and decision-making processes, with the Association for Financial Professionals (AFP) noting that 70% of all companies “rely heavily” on spreadsheets for financial activities. On its own, Excel may not be enough, especially for FP&A processes requiring access to multiple sources of complex external data.

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Government Maine Sales Account 130

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 119

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.

business tax 124

business tax Tax 124

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

CPA Practice

OCTOBER 17, 2024

State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. Addressing this problem will require a multifaceted approach, including educating legislative bodies about the value of the CPA, offering competitive salaries for CPAs in government and fees paid to outside auditors, and reviewing the thresholds that trigger certain kinds of aud

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cpas Government auditor Account 119

Accounting Today

OCTOBER 17, 2024

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

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124

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.

Tax 119

Tax 119

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

Technology 122

Technology Retail 122

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.

financial statements 105

financial statements Account accounted accountant 105

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.

Indiana 111

Indiana cpas Michigan CPA 111

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

Going Concern

OCTOBER 17, 2024

When we started putting this article together earlier today there was no press release nor could one find the info if they search “annual report” or “value realized” on EY’s website but according to Financial Times reporting this morning, EY has finally released global revenue (unaudited) for fiscal 2024: $51.2 billion, an increase of just 3.9 percent from last year’s $49.4 billion.

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auditor Tax 114

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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Account accounted accountant 102

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.

Real Estate 65

Real Estate Account accounted accountant 65

Accounting Today

OCTOBER 17, 2024

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

Tax 96

Tax tax preparation 96

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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.

accounting software 52

accounting software payroll Retail Sales 52

Accounting Today

OCTOBER 17, 2024

It's time to stop talking about the future of audit.

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audit 95

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.

business tax 52

business tax Tax bookkeeping bookkeeping services 52

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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Connecticut Tax accounted Account 72

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

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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Connecticut Healthcare accounting firms audit 52

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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accounted Account accountant 72

LSLCPAs

OCTOBER 17, 2024

The Current Expected Credit Loss (CECL) model marks a significant change in how organizations account for receivables, loans, and other financial assets. Originally implemented for financial institutions, CECL now extends its impact across various industries that hold assets subject to credit risk. This proactive model emphasizes forward-looking estimates of potential credit losses, transforming how businesses.

cpas 52

cpas Account accounted accountant 52

Accounting Today

OCTOBER 17, 2024

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

Account 69

Account accounted accountant Finance 69

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Insightful Accountant

OCTOBER 17, 2024

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

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B2B 52

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 56

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

CPA Practice

OCTOBER 17, 2024

After a soft launch earlier this year, financial planning and analysis software provider Jirav earlier this month announced the official release of its Jirav Intelligent Forecasting (JIF) tool for accounting firms. According to Jirav, early adopter firms have reported significant impacts on their ability to advise clients on critical financial decisions, resulting in new revenue opportunities and more efficient operations.

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accounting firms Account accounted accountant 52

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

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

Insightful Accountant

OCTOBER 17, 2024

If you get an email titled "Your Badge(s)" from Credly, it is valid.

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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?

Finance 52

Finance AP Automation accounting and finance accounts payable 52

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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Sales Retail payroll 40

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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.

Technology