Tue.Nov 12, 2024

article thumbnail

When Is the Right Time to Prepare Your Business for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

Sales 104
article thumbnail

Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

CPA Practice Advisor has opened the nomination period for one of its most prestigious awards. The Most Powerful Women in Accounting Awards , now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession. There are no costs associated with nominations or award recognition.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding When a Retirement Plan Audit Is Required

Withum

Understanding when audited financial statements of a retirement plan are required to be attached to a Form 5500 is an important part of demonstrating fiduciary responsibility over the plan and preventing unnecessary fines for an invalid filing of the 5500. A plan is required to have an audit attached to the Form 5500 when they are a “large plan”. For plan years beginning on or after January 1, 2023, the plan has an audit requirement if they have 100 participants with account balances as of the f

audit 122
article thumbnail

CPE Webcast Dec. 12 – Transforming Sales Tax Compliance to Fuel Business Growth

CPA Practice

This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey.

article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

Optimizing Business Operations With Automated Inventory Management

Withum

Warehouse and inventory management is at the heart of business operations across industries like distribution, manufacturing, retail and healthcare. Yet, many businesses still rely on manual processes that are prone to errors, inefficiencies and operational delays. Automated inventory management solutions can help address these issues, as inaccurate stock counts and shipping delays can directly impact a company’s bottom line and customer satisfaction.

NetSuite 105
article thumbnail

Why the ProAdvisor Academy is the Educational Shift We’ve Needed

IgniteSpot

I’ve been working in accounting long enough to know that the way we learn and grow in this profession has needed an update for a while. When I first got involved with the ProAdvisor Academy , I saw an opportunity to help shape a program that could fill a gap I’ve noticed for years: the need for education that truly integrates accounting principles with real-life, hands-on experiences using software.

More Trending

article thumbnail

Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. The console allows accounting firms to standardize client spend processes, regardless of clients’ existing bank and credit card brands.

article thumbnail

New marginal tax rates for 2025

Accounting Today

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

Tax 138
article thumbnail

EY Acquires HR Tech Consulting Firm Jubilant

CPA Practice

Big Four accounting firm EY said on Nov. 11 that it has acquired Jubilant, an Ann Arbor, MI-based HR technology consultancy focused on implementing and supporting human capital management, payroll, and workforce management systems. Financial terms of the deal weren’t disclosed. With more than 50 professionals focused on HR technology services, Jubilant has differentiated itself in the market by designing and building accelerators that automate testing for payroll and workforce management, and by

article thumbnail

PCAOB offers guidance on auditor responsibilities for detecting, reporting illegal acts

Accounting Today

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.

auditor 111
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

KSM Adds Valuation Firm ValueKnowledge in Illinois

CPA Practice

Top 60 accounting firm KSM (Katz, Sapper & Miller) said on Tuesday it has acquired ValueKnowledge, a Chicago-area valuation and advisory firm, effective Oct. 21. Financial terms of the deal weren’t disclosed. Indianapolis-based KSM said the transaction augments its growing business valuation practice, adding an experienced team led by ValueKnowledge founder Jim Krillenberger and vice president Andy Stebbins, who join KSM as managing director and director, respectively.

article thumbnail

Overworked vs. overlived

Accounting Today

When it comes to your career, know the cost of choosing to be on a championship team.

105
105
article thumbnail

Small Business Hiring Continued to Be Weak in October, CBIZ Index Shows

CPA Practice

The Small Business Employment Index (SBEI) from top 15 accounting firm CBIZ reported a seasonally adjusted decrease of 0.58% in October , marking the second straight month of hiring declines and the fourth negative month out of the past six. The CBIZ SBEI tracks payroll and hiring data for more than 2,800 companies with 300 or fewer employees across the U.S.

article thumbnail

IASB proposes to tweak requirements for provisions

Accounting Today

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

Stambaugh Ness Forms Strategic Relationship With Stonebridge Financial Group

CPA Practice

Top 200 accounting firm Stambaugh Ness announced on Nov. 12 a strategic partnership with Wormleysburg, PA-based Stonebridge Financial Group to introduce personal wealth management and retirement plan services to their clients nationwide. Through this alliance, Stambaugh Ness clients can benefit from personalized wealth management designed to address their unique goals and challenges.

article thumbnail

Los Angeles Business Journal Names Withum Team Members on Top 100 Accountants List

Withum

Withum is proud to share that the Los Angeles Business Journal has recognized Chester Ventura , Audit Partner, and Lilit Nersisyan , Audit Principal, on its Top 100 Accountants list for 2024. Chester is a partner in Withum’s Los Angeles office and has over 20 years of experience providing attestation services for privately held companies. He serves clients in various industries including manufacturing, distribution and logistics , not-for-profit and education and employee benefit plans.

article thumbnail

Schellman Compliance Expands Sustainability Reporting Services with Acquisition of Sustas, LLC Practice and ISO 14001 Accreditation

CPA Practice

Schellman Compliance , a provider of compliance services, has announced the successful acquisition of Sustas, LLC practice, a firm specializing in sustainability reporting services. As part of the transaction, Sustas’s clients and personnel will join Schellman, further strengthening the firm’s ability to deliver tailored, industry-leading sustainability compliance, consulting, and assurance solutions.

Idaho 52
article thumbnail

What’re Your Business’s State Tax Obligations?

Patriot Software

As a business owner, you’re responsible for a number of taxes. Some may be federal or local, while others are state taxes. So, what are the types of state tax obligations you need to keep on your radar?

Tax 98
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

article thumbnail

BKR International Expands Middle East Footprint with New Member in Jordan

CPA Practice

BKR International has announced the addition of Abbasi, Shahin & Odeh Chartered Accountants as the newest member in the Middle East region. Based in Amman, Jordan, Abbasi, Shahin & Odeh brings valuable expertise and a strong commitment to financial excellence and client success. BKR is a top-10 global accounting association representing the expertise of 140 members with nearly 600 offices in over 75 countries around the world.

article thumbnail

Rho offers portal for client management, onboarding

Accounting Today

Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners with Rho who are accountants.

Finance 64
article thumbnail

When Is the Right Time to Prepare Your AGENCY for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

Sales 52
article thumbnail

How to NetSuite - Step-by-step Fixed Asset Management

Insightful Accountant

Murph takes you through six summary steps to record, configure, manage and report on fixed assets when using NetSuite's Fixed Asset Management 'Suite App.

article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

article thumbnail

ISSB sees progress on climate standards adoption

Accounting Today

Some 30 jurisdictions are making progress on introducing international sustainability standards in their legal or regulatory frameworks.

Legal 52
article thumbnail

From Line-Item Extraction to Custom Approvals: MakersHub’s AP Solution Explained

Insightful Accountant

MakersHub’s innovative AP system revolutionizes how firms manage and streamline accounts payable with its advanced computer vision technology.

article thumbnail

KSM merges in ValueKnowledge

Accounting Today

Katz, Sapper & Miller has added a valuation and advisory firm in the Chicago area to its business valuation practice.

52
article thumbnail

From Tax Calculation to Exemption Management: How Avalara Eases Compliance

Insightful Accountant

Avalara simplifies the complex and ever-changing world of sales tax compliance, providing businesses with automated solutions that remove the burden of managing thousands of tax jurisdictions.

Tax 52
article thumbnail

New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

Navan releases travel and expense solution for accounting firms

Accounting Today

Travel and expense solutions provider Navan released Navan Accountant Console, a dedicated solution made specifically for accounting firms.

article thumbnail

Transform Your Tax Workflow: Stanford Tax’s Automated Solution for Accountants

Insightful Accountant

Stanford Tax offers a game-changing approach to gathering tax information for accounting firms, streamlining the collection process and improving accuracy. This innovative tool transforms tax preparation.

Tax 52
article thumbnail

How AI is Reshaping the Future of Finance

CPA Practice

By Aaron Harris. Artificial intelligence (AI) is rapidly transforming industries across the board, and the accounting sector is no exception. In fact, the U.S. leads in this transformation, embracing AI-powered solutions at a rate far exceeding the global average. A recent global survey conducted by Forrester Consulting, in collaboration with Sage, reveals that 76% of U.S. businesses have already integrated AI into their accounting practices.

Finance 119
article thumbnail

Discover the Power of AP Automation with Yooz: Key Takeaways from the Post Intuit Connect App Academy

Insightful Accountant

Discover how Yooz’s AP automation empowers QuickBooks users. As highlighted at the recent post Intuit Connect App Academy, Yooz brings innovative, powerful tools to streamline and enhance accounts payable workflows.

article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.