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 accounted 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

tax preparation 119

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: 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.

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

cpas 119

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

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Technology

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 113

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.

Account 102

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 64

Real Estate Account accounted accountant 64

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

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.

payroll

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.

Connecticut 72

Connecticut Tax Account accountant 72

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.

Finance

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.

Connecticut 52

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.

Account 72

Account accountant accounted 72

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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87

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: 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.

CPA

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 accounted Account accountant 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.

Tax 56

Tax 56

Insightful Accountant

OCTOBER 17, 2024

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

B2B 52

B2B 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.

accounting firms 52

accounting firms Account accounted accountant 52

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

Spend Management

Insightful Accountant

OCTOBER 17, 2024

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

Illinois 52

Illinois 52

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

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.

Technology 52

Technology corporation tax Tax Government 52

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