Accounting Today
SEPTEMBER 5, 2024
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.
TaxConnex
SEPTEMBER 5, 2024
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.
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Going Concern
SEPTEMBER 5, 2024
…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.
CPA Practice
SEPTEMBER 5, 2024
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.
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.
Accounting Today
SEPTEMBER 5, 2024
An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.
CPA Practice
SEPTEMBER 5, 2024
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 5, 2024
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).
Summit CPA
SEPTEMBER 5, 2024
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).
CPA Practice
SEPTEMBER 5, 2024
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.
Accounting Today
SEPTEMBER 5, 2024
An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.
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.
Accounting Insight
SEPTEMBER 5, 2024
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.
Accounting Today
SEPTEMBER 5, 2024
Disclosures of critical audit matters are fueling investment decisions, according to a study by the Center for Audit Quality.
AccountingDepartment
SEPTEMBER 5, 2024
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.
Accounting Today
SEPTEMBER 5, 2024
On ice; the end of the beginning; Speed trap; and other highlights of recent tax cases.
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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.
Going Concern
SEPTEMBER 5, 2024
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.
Accounting Today
SEPTEMBER 5, 2024
Market disruption is creating significant opportunity for accounting firms.
Going Concern
SEPTEMBER 5, 2024
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
Accounting Today
SEPTEMBER 5, 2024
Nicholas Bowerman was charged with manipulating Circor's internal accounting records, resulting in the company to overstate its financial performance by millions of dollars.
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
CPA Practice
SEPTEMBER 5, 2024
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
SkagitCountyTaxServices
SEPTEMBER 5, 2024
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).
Withum
SEPTEMBER 5, 2024
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.
Accounting Insight
SEPTEMBER 5, 2024
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.
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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
SEPTEMBER 5, 2024
The Top 25 Firm is expanding in Illinois, the latest in a series of M&A deals since EisnerAmper received private equity funding.
Reckon
SEPTEMBER 5, 2024
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.
Accounting Today
SEPTEMBER 5, 2024
Annual pay grew 4.8% year-over-year, payroll giant ADP reported Thursday, as the job market showed further signs of a cooldown.
CPA Practice
SEPTEMBER 5, 2024
This morning at the 2024 Prosperity Summit, Prosperity Now unveiled “Prosperity Next,” a groundbreaking initiative to address economic disparities, in collaboration with transformative strategic partners Change Machine and Credytu. This partnership marks a significant advancement in the ongoing mission to create a just and equitable economy, particularly for communities of color, who have historically been denied access to capital.
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.
Withum
SEPTEMBER 5, 2024
FAQ Guide for Employers Download Guide As New Jersey introduces RetireReady NJ, businesses across the state face new responsibilities in helping employees save for retirement. Understanding these changes is crucial for smooth compliance and effective implementation. Download our comprehensive FAQ Guide to: Learn key requirements and deadlines. Clarify your responsibilities as an employer.
CPA Practice
SEPTEMBER 5, 2024
Last week, the American Institute of CPAs (AICPA) sent a letter to the Department of the Treasury and the Internal Revenue Service (IRS) requesting guidance to clarify that section 266 of the Internal Revenue Code (IRC) should apply before section 163(j) or after a taxpayer elects to capitalize interest expense under any provision that allows elective capitalization of interest expense.
Accounting Insight
SEPTEMBER 5, 2024
Everything Tech, an expert-managed IT service provider (MSP) known for its trusted capability in supporting highly acquisitive businesses in the finance, professional and technical sectors, will be attending Accountex Manchester for the first time on 17 September. This follows a recommitment by the company earlier this year to its professional services market offering, which has been developed purposely to underpin the growth strategies of accountancy, private equity and legal firms through tail
CPA Practice
SEPTEMBER 5, 2024
CohnReznick LLP, one of the largest advisory, assurance, and tax firms in the United States, is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas. The new CohnReznick office will be located at 6635 Cowboys Way, Suite 130, Frisco, TX 75034.
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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.
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