Insightful Accountant
SEPTEMBER 3, 2024
Accounting is evolving along with the rest of the world, and it's definitely one of those industries that will keep expanding. However, there are certain trends you should pay attention to if you want to succeed more quickly.
BurklandAssociates
SEPTEMBER 3, 2024
By prioritizing backups, startups can protect their data, ensure compliance, maintain business continuity, and build trust with stakeholders. The post Data Backup Essentials: Safeguarding Your Startup’s Success appeared first on Burkland.
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Withum
SEPTEMBER 3, 2024
Explore Other Episodes #CivicWarriors #WithumImpact The post Combating Isolation and Finding Community With Project Refit appeared first on Withum.
Accounting Today
SEPTEMBER 3, 2024
The Internal Revenue Service is ramping up its scrutiny of large partnerships, leveraging increased funding under the Inflation Reduction Act of 2022.
Speaker: 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
CPA Practice
SEPTEMBER 3, 2024
Although only five named tropical storms and hurricanes have developed in the Atlantic Ocean this year, the National Hurricane Center is still expecting a significant risk of dangerous storms in the coming months. As the peak of hurricane season is on tap, and an elevated wildfire risk now exists across much of the West, the Internal Revenue Service is reminding businesses and individual taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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CPA Practice
SEPTEMBER 3, 2024
By Chantal Allam The News & Observer (Raleigh, NC) (TNS) High-earning millennials—those with annual incomes above $200,000—are exiting states like New York and California in droves, according to new analysis by SmartAsset. And a large percentage of them are ending up in the Old North State. North Carolina ranked No. 3 for the nation’s highest net migration of well-heeled millennials, ages 26 to 45, posting a net gain of 1,970, the study found.
Accounting Today
SEPTEMBER 3, 2024
A recent survey has found that while small businesses still primarily use accounting software to record and manage transactions, usage dropped from 85% to 68% from April 2023 to July 2024.
CPA Practice
SEPTEMBER 3, 2024
Top 15 accounting firm Marcum has promoted 15 individuals to partner in eight states, effective Sept. 1. “These individuals represent Marcum’s dedication to excellence. They bring a wealth of experience, skill, and an entrepreneurial spirit. In a rapidly evolving world, they have shown adaptability and dedication to understanding and exceeding our clients’ expectations,” Chairman and CEO Jeffrey Weiner said in a statement.
Accounting Today
SEPTEMBER 3, 2024
The International Auditing and Assurance Standards Board 2023-2024 Handbook includes ISA 600 and ISA for LCE.
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.
AccountingDepartment
SEPTEMBER 3, 2024
It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.
ThomsonReuters
SEPTEMBER 3, 2024
The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. This study captures the complex spectrum of emotions surrounding GenAI, from hope and excitement to hesitancy and concern.
Accounting Today
SEPTEMBER 3, 2024
This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.
Accounting Insight
SEPTEMBER 3, 2024
Value Added Tax (VAT) is an increasingly complex area of tax. Many of the VAT rules have been determined by court cases and, as a result, important questions such as “is a Jaffa Cake a biscuit or cake?” have been addressed by HMRC. Jaffa Cakes The importance of whether a Jaffa Cake is a biscuit or cake was taken to the courts back in 1991. The debate was significant for McVitie’s as cakes are zero-rated for VAT purposes while chocolate covered biscuits are standard rated (20%) for VAT purposes.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
SEPTEMBER 3, 2024
Twenty-five percent of accounting professionals want to increase their roles in implementing diversity, equity and inclusion initiatives, per the Center for Accounting Transformation.
Anders CPA
SEPTEMBER 3, 2024
The Department of the Treasury and the Internal Revenue Service (IRS) have released the highly anticipated clarification on inherited IRA accounts for non-spouse beneficiaries. Previous guidance didn’t indicate whether a taxpayer who inherits an IRA account would need to take annual required minimal distributions (RMDs) to comply with the 10-year rule.
Accounting Today
SEPTEMBER 3, 2024
Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.
Going Concern
SEPTEMBER 3, 2024
“Market slowdown” On Saturday, Financial Times reported that due to a “market slowdown,” EY UK has gotten rid of a small number of partners and given out annual salary increases of 2.2% to its 4,400-person tax advisory business. It was six percent in 2023 and 10 percent in 2022. FT said bonuses would be smaller as well (£500 for junior staff — that’s $655 USD — to £4,000 for directors) and explained the math thusly: Bonuses for EY employees are calculate
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Insightful Accountant
SEPTEMBER 3, 2024
This is a prologue to Murph's next part of his in-depth series on Acumatica. a summary of Acumatica ERP's Wholesale and Distribution businesses that simply can't get the job done with smaller accounting solutions.
CPA Practice
SEPTEMBER 3, 2024
Small and medium-sized businesses (SMBs) are facing new cash flow challenges. Caught between advancing technologies and tighter lending standards, many of your SMB clients could be struggling to find the comprehensive financial advice they need for success. This is where you come in. In “Be the Financial Hero for SMB Clients (Without Being Their Bank),” you’ll learn top strategies to become a more trusted advisor – just by helping your clients overcome their financial constraints and objections.
LSLCPAs
SEPTEMBER 3, 2024
Calling all local government finance departments! Let’s talk about your financial statements, which can be your Annual Comprehensive Financial Report (ACFR), Popular Annual Financial Report (PAFR), budget book, or even a small monthly report. Does your team still use manual processes to create these financial statement reports with Word and Excel? Maybe you’d like to.
Summit CPA
SEPTEMBER 3, 2024
Building an agency from the ground up is no easy feat. You have to invest a lot into your business to ensure its growth and longevity. As a service-based business, sales is one of the deciding factors as to whether your company will sink or swim. With that said, it's very easy for sales representatives to fall into the trap of working hard to close a deal, only to have the unsuspecting project team realize – after speaking more with the client – that they'll be delivering a very different produc
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
CPA Practice
SEPTEMBER 3, 2024
Pending home sales in July retreated 5.5%, according to the National Association of Realtors. All four U.S. regions posted monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – slipped to 70.2 in July, the lowest reading since the index began tracking in 2001.
Accounting Insight
SEPTEMBER 3, 2024
In the ever-evolving landscape of financial services, off-channel communications have emerged as a critical area of concern. These unofficial channels, such as messaging apps like WhatsApp and WeChat, pose unique challenges for compliance, record-keeping, and risk management. But does using these apps actually have a real-world impact on financial services firms?
CPA Practice
SEPTEMBER 3, 2024
The Paychex Small Business Employment Watch for August, which reflects U.S. small businesses with fewer than 50 employees, reported the growth in hourly earnings for workers workers slowed to 2.89%. This marks the first time growth has been under three percent since January 2021. In addition, the one-month annualized hourly earnings growth dropped to 1.91%.
Accounting Insight
SEPTEMBER 3, 2024
The Practice Owners Podcast ™ is the blueprint to perfecting your practice for bookkeepers, accountants and wannabe practice owners. If you’re starting, running or scaling a practice and you want to change the way your practice feels then you’re in the right place. But this isn’t just a podcast. It’s a behind closed doors community, weekly episodes straight into your inbox on DEEP practice topics covering practice management, marketing, managing a team.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
CPA Practice
SEPTEMBER 3, 2024
The Conference Board Consumer Confidence Index rose in August to 103.3 (1985=100), from an upwardly revised 101.9 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1 in July. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—also improved in August to 82.5.
FraudFiles
SEPTEMBER 3, 2024
It is not unusual for the “out” spouse (the one who is not the major breadwinner in the family and who does not have control over the family’s finances) to suspect that income and assets are being hidden during a divorce. When one party is accused of hiding income, how can a forensic accountant find [.
Accounting Insight
SEPTEMBER 3, 2024
New stats have laid bare the mental health emergency facing global accountancy – with increased working hours and reduced salaries both impacting professionals and putting off those interested in a career in the sector. According to Advancetrack ’s industry-leading Accounting Talent Index , 88% of worldwide professionals say increased working hours caused by an ‘existential’ skills shortages are ‘significantly’ harming their mental health, work life balance and stress levels.
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