Accounting Today

MAY 23, 2024

Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.

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Going Concern

MAY 23, 2024

You’re scaring the children! Stories about the AICPA are like buses, you don’t see one for an hour weeks and then three show up at once. Today I come bearing a gift from this Journal of Accountancy article about new AICPA Chair Carla McCall, CPA, CGMA. Let’s see what “New AICPA chair: ‘We need to promote the cool work we do’” has to offer us.

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Accounting Today

MAY 23, 2024

The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.

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CPA Practice

MAY 23, 2024

By Dee DePass, Star Tribune (TNS) Employers are pushing back and asking for more time before implementing new federal overtime rules that will require them to pay overtime to more workers. The new Department of Labor rules take effect in two stages. Normally, employers can opt not to pay their salaried, white-collar employees “time and a half” for overtime hours worked, provided those employees make at least $35,568 a year.

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Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Cherry Bekaert

MAY 23, 2024

Expansion of the Production Tax Credit and Investment Tax Credits The Inflation Reduction Act (IRA) included a range of energy tax credits designed to encourage transitioning to clean energy production, advanced manufacturing, the adoption of clean vehicles (CVs), and reduced greenhouse gas emissions through alternative fuels and energy-efficient technologies.

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Tax Real Estate Manufacturing Construction 105

Insightful Accountant

MAY 23, 2024

Scaling New Heights® conference will be held June 16-19, 2024, in Orlando, Florida and will feature some of the most inuential and dynamic voices in accounting, bookkeeping, and business to encapsulate their theme of “Boldly Go”.

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AccountingDepartment

MAY 23, 2024

We are thrilled to announce that AccountingDepartment.com has been awarded a spot on the Woodard 2024 Top 50 Accounting Services Practice list. Earning this distinction is a testament to AccountingDepartment.com's commitment to excellence for its clients.

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Accounting Today

MAY 23, 2024

Test your accounting knowledge on AI job opportunities, M&A, and more. No. 2 pencil not required!

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CPA Practice

MAY 23, 2024

Tax season is finally over. You’ve worked diligently and spent long nights trying to meet the deadlines and demands of 82% of clients who want more from accounting professionals. I know the sigh of relief you feel once the rush is over. First and foremost, take time to rest – you deserve it. Once you feel like you’re back to your old self and have rested enough, it’s time to reflect on how the season went: What went well?

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Tax Technology Education CPA 78

Accounting Today

MAY 23, 2024

The American Institute of CPAs elected the managing partner of AAFCPAs as its next chair.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Withum

MAY 23, 2024

There is no doubt that artificial intelligence (AI) is going to revolutionize the legal industry, offering unprecedented tools to enhance the efficiency and effectiveness of a law firm’s operations. However, AI adoption without a proper roadmap is likely a recipe for disaster. The usage of generative AI in the courtroom has already sparked controversy across the industry, especially when implemented without a well-thought-out strategic road map.

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Accounting Today

MAY 23, 2024

Available technology solutions could boost professionals' efficiency in serving their clients — but only if financial advisors and their customers are open to them.

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Tax 95

SkagitCountyTaxServices

MAY 23, 2024

This past weekend, Ed Dwight — age 90, became the oldest person to travel to space. Six decades ago, he was on a trajectory to become the first Black astronaut in space, but ultimately was passed over. The space exc ursion certainly cements the old adage “It’s never too late to pursue your dream.” Dwight’s once-in-a-lifetime experience has birthed new dreams — he wants to orbit the whole earth now.

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Accounting Today

MAY 23, 2024

The private equity giant acquired the accounting software firm in 2019.

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Xero

MAY 23, 2024

Xerocon London 2024 is nearly here! World class speakers, innovative new tools and workflows, and a chance to connect with community peers, thought leaders and industry experts. From embracing uncertainty and the new frontiers of technology, to mastering app stacks, this year’s Xerocon is set to bring more inspiration and innovation than ever before.

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Accounting Today

MAY 23, 2024

Tourists are expected to generate a record $4.9 billion in sales and other tourism-related tax revenue in the current fiscal year, a 16% jump from 2020.

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Going Concern

MAY 23, 2024

CohnReznick has picked up former PwC principal Daniel Rinke for its international tax practice and issued a very flowery press release. Based in Massachusetts, Rinke has more than two decades of international tax experience, notably involving cross-border transactional and operational planning for multinational corporations. His diverse industry experience includes pharmaceutical, biotech, manufacturing, chemicals, semiconductors, retail, and finance.

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Accounting Today

MAY 23, 2024

President Biden's son had been scheduled to go on trial on June 20 on charges he failed to pay $1.4 million in taxes from 2016 to 2019.

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Tax 72

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

Sales

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. FTE Senior Tax and Accounting | Candidate ID #20455103 Certifications: CPA in progress Education: BA, Accounting & Business Administration Experience (years): 4+ ye

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CPA Practice

MAY 23, 2024

This webinar will be held on Tuesday, June 11, 2024 Sponsor: Canopy Software Duration: 1 Hour Register Now CPE Course Description: This course offers a roadmap for starting and continuing to grow your own accounting or bookkeeping firm, with a focus on scalability and efficiency from the outset. Learn how to shape your business for long-term success, navigating through the crucial early stages and implementing effective growth strategies.

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Withum

MAY 23, 2024

In my last blog, I walked you through my integration journey between Microsoft 365 and Google Workspace , as well as the switch from Okta to Microsoft Azure AD/Entra ID as an identity provider. In this second blog, I will share lessons learned on this process so you can tackle similar projects successfully. Please note that Microsoft Azure AD, also referred to as Microsoft Active Directory, is now known as Entra ID.

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CPA Practice

MAY 23, 2024

The American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants have announced the keynote speakers and key events for this year’s 2024 ENGAGE , the largest annual educational and networking event for accounting and finance professionals. The event will be held June 3-6, 2024, at the Aria Resort and Casino in Las Vegas.

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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

Accounting Today

MAY 23, 2024

Intuit will cease support for QuickBooks Desktop 2021 starting next Friday, May 31

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quickbooks 94

Cherry Bekaert

MAY 23, 2024

Not-for-Profits face staffing challenges in their accounting and finance functions, leaving many organizations overstretched and unable to focus on their mission’s most important tasks. This webinar covers current staffing trends and how NFPs creatively address their staffing needs. Learning Objectives: Understand current trends in NFP accounting and finance staffing Identify options other NFP’s are using to address the staffing shortage Recognize opportunities to co-source or outsource pa

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LSLCPAs

MAY 23, 2024

Imagine your parents work all their lives to grow and develop a successful business. The intention is to pass it down to their children, keeping it in the family, providing for the family long after they have passed. When that time comes, the value of their estate is large enough that estate tax is due. The post Preserve Generational Wealth by Delaying Payment of Estate Tax with IRS Code Section 6166 appeared first on LSL CPAs.

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Summit CPA

MAY 23, 2024

Recording systems your business uses in its operations are integral to business growth. All businesses have systems that allow them to deliver services or products. These systems involve processes staff members must follow to achieve a desired outcome. These processes may be as simple as documenting how your administrative assistant should answer calls and capture messages to more complex procedures, such as successfully onboarding a client.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

CPA Practice

MAY 23, 2024

Ignition , a revenue generation platform for accounting and professional services, has announced the appointment of Greg Strickland as its global president. Strickland brings over 15 years of invaluable experience in the technology industry, having held prominent roles at global tech firms such as Box, Productboard and Periscope Data, alongside advisory positions with emerging startups like Loom, Preset, and Grain.

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ThomsonReuters

MAY 23, 2024

From a shrinking talent pool to high turnover, the talent battle among accounting and audit firms continues to be a fierce one. For firms looking to attract and retain top talent , one factor rises to the top: audit talent development. Jump to: Investing in audit education The impact of technology on audit talent development The power of specialized training and consulting Are you ready to develop your audit talent?

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CPA Practice

MAY 23, 2024

TaxDome , a practice management solution for tax professionals, bookkeepers and accountants, has launched its Client-Facing Status feature. This addition to the TaxDome platform is designed to enhance transparency, foster trust, and streamline communication between tax firms and their clients. The Client-Facing Status feature provides clients with real-time updates on their projects.

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FraudFiles

MAY 23, 2024

When a divorce involves a business, we often ask for a copy of the general ledger, which is part of the company's accounting records. The general ledger includes the details of transactions for a specified period of time. What can we find in the general ledger?

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.