Thu.Sep 05, 2024

article thumbnail

CPA business execs more pessimistic about economy

Accounting Today

Only about a quarter of CPA business executives expressed optimism about the prospects for the U.S. economy over the next 12 months, down from more than a third last quarter, according to a new survey.

CPA 124
article thumbnail

Sales tax on shipping: latest updates

TaxConnex

Ecommerce couldn’t exist without shipping (and probably not without shipping’s partner “handling,” either), but do either incur sales tax? As is often the case in sales tax, it depends on what, how and where. If the item is taxable, for instance, generally the shipping is, too – if the shipping is taxable at all in a jurisdiction, which it or the handling – or both – may be.

Sales 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Meet the 2024 Best Midsized and Large Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

accounted 136
article thumbnail

KPMG Gets Aboard the Unlimited PTO Train

Going Concern

…as expected, some people are b g about it. Rumors have been swirling for weeks like so many unflushable logs that KPMG was about to announce unlimited PTO, something their competitors at EY did four years ago. As seen on r/KPMG: You all were right. They just announced unlimited PTO by u/Active_Ease_2367 in KPMG EY’s switch to unlimited PTO was immediately shat upon, and rightfully so, after a leaked senior management email made the rounds.

119
119
article thumbnail

Building a Business Case for Finance Automation

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.

article thumbnail

Meet the 2024 Best Small Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

accounted 131
article thumbnail

Watch Out for These Sales Tax Audit Triggers

CPA Practice

By Scott Peterson. With more than 13,000 sales and use tax jurisdictions across the United States, tax rates are subject to change as new policies are implemented and others expire. In a typical fiscal year, there are thousands of sales tax rate updates. Keeping up with sales tax changes can be difficult and, even if you’re careful, your business can be selected for a state audit.

audit 115

More Trending

article thumbnail

Hunter Biden Intends to Change Plea to Guilty in Federal Tax Case

CPA Practice

By Muri Assunção New York Daily News (TNS) Hunter Biden intends to change his plea in his federal tax case, his lawyer told a federal judge in Los Angeles on Thursday just moments before jury selection was set to begin. The second son of President Joe Biden has been accused of nine misdemeanor and felony offenses. Prosecutors say the 54-year-old failed to pay $1.4 million in federal taxes and used the money to fund a lavish lifestyle.

Tax 115
article thumbnail

Tax Fraud Blotter: Incorrect positions

Accounting Today

On ice; the end of the beginning; Speed trap; and other highlights of recent tax cases.

Tax 116
article thumbnail

CAS Transformation is Only One Piece of Business Transformation

CPA Practice

CPA firms today are at a crossroads. Remote and hybrid work intensified the push toward digital transformation. Technology is automating much of their “bread and butter” transactional and compliance work, and clients are looking for more from their advisors. Firms that adapt to these changes are better positioned to thrive, and central to this adaptation is Client Accounting Services (CAS) or Client Accounting & Advisory Services (CAAS).

article thumbnail

Pathways to growth: Ready to land some bigger fish?

Accounting Today

Market disruption is creating significant opportunity for accounting firms.

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

Hidden Levers in Your Financial Statements

Summit CPA

Did you know there are hidden business levers in your financial statements? That’s right. By fully understanding your financial statements inside and out, you can identify methods to alter your business cash flow. But that first part of that last sentence is key: you need to fully understand your business financials (which can seem pretty hard if you don’t break your financial metrics down into digestible pieces of information).

article thumbnail

Top Remote Accountants of the Week | September 5, 2024

Going Concern

Are you 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 top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22410136 Certifications: CPA Education: BS Accounting, MBA Experience (years): 15+ y

article thumbnail

EisnerAmper Joins Forces With Tighe, Kress & Orr in Illinois

CPA Practice

Top 20 accounting firm EisnerAmper is expanding its presence in the Chicago area by merging in Elgin, IL-based CPA firm Tighe, Kress & Orr. Financial terms of the deal, which is expected to become final in October, weren’t disclosed. Jay Weinstein “TKO really gets it. They listen to clients, work with them on tailored solutions, and strive for ongoing client growth,” Jay Weinstein, Eisner Advisory Group vice chair of industries and markets, said in a statement.

Illinois 104
article thumbnail

What has Failure Taught Us in Achieving Success?

Accounting Insight

In the realm of any business industry, failure is frequently seen as something that should be avoided at all costs. The fear of making mistakes can be paralysing, leading accountancy firm owners to play it safe and avoid risks. However, the truth is that failure is not the enemy of success; it is an essential component of it. In fact, a few of the most successful accountancy firm owners have experienced significant failures on their path to success.

article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

article thumbnail

Financial Planning & Analysis: The Secret to Scaling Your Business Successfully

AccountingDepartment

Financial Planning & Analysis (FP&A) is crucial for any business aiming to scale successfully. It involves detailed financial forecasting, budgeting, and analytical processes that drive strategic decision-making.

article thumbnail

Setting Up for Success: The Importance of Grounding in Client Meetings

CPA Practice

Setting the Container I received the email in the morning. “The data coming through from our new booking system isn’t correct, and it’s going to take us another 3 weeks to do the QC. I’m so sorry to drop this on you.” I was supposed to pull the trigger on a major software change for the largest client I had ever worked with that afternoon. I responded simply that we would figure it all out together and that I was looking forward to seeing her at 2:00.

article thumbnail

PwC UK Orders the Troops Back to the Office For Three or More Days a Week

Going Concern

Staff and partners at PwC UK were informed today that they are expected to work in the office or at a client site a minimum of three days a week, reports Bloomberg. Former senior partner Kevin Ellis, who retired in June after 40 years at the firm, tried the RTO carrot many times over the past several years, suggesting that if people want to get ahead they’ll want to show their faces at the office lest they be replaced by AI.

article thumbnail

SEC charges former Circor director with fraud

Accounting Today

Nicholas Bowerman was charged with manipulating Circor's internal accounting records, resulting in the company to overstate its financial performance by millions of dollars.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

article thumbnail

How To Start A Small Business: Padgett & Padgett, PLLC CPA’s Steps (Part 1)

SkagitCountyTaxServices

We’re all waiting and watching (and hoping) to see if federal interest rates will be dropping soon. But the outcome of the August jobs report could also have a big impact on stock market prices. What does this mean for you as a small business owner? Well, a weak jobs report means consumers are more cautious about spending in your Skagit County business, and you might have a reduced ability to hire the right kind of people (something important when you’re considering starting your own business).

Legal 64
article thumbnail

EisnerAmper to merge in Tighe, Kress & Orr

Accounting Today

The Top 25 Firm is expanding in Illinois, the latest in a series of M&A deals since EisnerAmper received private equity funding.

article thumbnail

Economy Worries Linger Among CPA Business Executives, AICPA Says

CPA Practice

CPA business leaders’ optimism about the economy has dropped for the second straight quarter, as only about one-fourth expressed a positive outlook over the next 12 months, down from more than a third in the second quarter , according to the latest AICPA & CIMA Economic Outlook Survey. The third-quarter 2024 survey includes 310 qualified responses from AICPA members holding executive and senior management accounting roles, including CEOs, CFOs, controllers, and other CPAs in U.S. companies

CPA 64
article thumbnail

Private sector job growth slowed to 99,000 in August

Accounting Today

Annual pay grew 4.8% year-over-year, payroll giant ADP reported Thursday, as the job market showed further signs of a cooldown.

payroll 69
article thumbnail

Cash Flow Secrets Every Upskilled CPA Should Know

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.

article thumbnail

AI Sucks at Making Regulators’ Jobs Easier, For Now

Going Concern

Browsing the internet last night long after I should have been asleep (as one does), I was served an article that Google thought would be of interest to me: “Government Test Finds That AI Wildly Underperforms Compared to Human Employees” [ The Byte ]. This article was based on another article that appeared on the hilariously-named Australian outlet Crikey : “ AI worse than humans in every way at summarising information, government trial finds.” Do we even need to dive any

article thumbnail

Fixing the Balance Sheet

Withum

Being able to get an overview of a financial statement quickly is important to determine if additional time should be allocated to a thorough review. This is one of the skills my students will learn this semester in my Baruch College Introduction to Managerial Accounting course. The course aims to teach students how to determine what data is needed, how to use and apply the data, understand its reliability and how timely the data should be.

article thumbnail

Penfold Reveals Innovative Xero Payroll Pension Integration

Accounting Insight

Penfold, the modern digital pension provider, is thrilled to announce its new pull integration with Xero – automating pension contribution processing entirely. It eliminates the need for manual uploads or button presses, enabling employers and accountants to set and forget their pension processing. Penfold’s the first pension scheme to offer this kind of powerful integration to a mainstream payroll software.

payroll 59
article thumbnail

HR and payroll tech firm buys Airbase

Accounting Today

HR and payroll solutions provider Paylocity announced it has bought spend management software company Airbase for $325 million.

payroll 53
article thumbnail

Profit in the Details: Rethinking Spend for Monumental Impact

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

article thumbnail

Top ProAdvisor Profiles: Beth Whitworth

Insightful Accountant

Beth Whitworth of Accounting Solutions Group of St. Louis (Mo.) is our featured Top ProAdvisor this week.

Account 52
article thumbnail

PwC resigns as Country Garden's auditor amid probes

Accounting Today

PricewaterhouseCoopers resigned as auditor for defaulted developer Country Garden Holdings, as both firms navigate challenges to keep operations afloat in China.

auditor 53
article thumbnail

Ready to Compare eCommerce Apps? Join Murph Tuesday September 17th

Insightful Accountant

Join Murph, Dawn Brolin, Kelly Gonsalves, and Jeff Siegel as they analyze and discuss the Top 10 most popular eCommerce Integration Apps from the 2024 Top 100 ProAdvisors.

52
article thumbnail

What is the Right to Disconnect? What small businesses need to know

Reckon

The Right to Disconnect law has passed in Australia and is now in effect for larger businesses, but employers are still trying to understand what type of after-hours contact is considered reasonable or unreasonable. So, if you run a small business in Australia, what do you need to know? Let’s lay out the facts. What is the Right to Disconnect? The right to disconnect says eligible employees in Australia don’t have to respond to work-related communication outside of normal working hours.

article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.