CPA Practice
NOVEMBER 15, 2024
By Alex Smith. No one said running a successful accounting practice was easy. Even in the smoothest and most uneventful of times, there are a variety of factors that need to be taken into consideration and successfully managed to ensure profitable operations. Throw a disruptive new technology like generative AI into the mix, and this balancing act becomes even more difficult to pull off.
Randal DeHart
NOVEMBER 15, 2024
Setting financial goals for your construction business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections; they form the backbone of your road map for success, both internal and external. Financial goals are something that every single business should possess regardless of its market, model, or size.
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CPA Practice
NOVEMBER 15, 2024
The American Institute of CPAs has recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. James W. Sansone, CPA, was presented with the Arthur J. Dixon Memorial Award and Annette Nellen, CPA, CGMA, Esq., received the Jonathan Horn Distinguished Service Award. These recipients have stood apart from their peers throughout their careers and this past year contributed valuable expertise to strengthen the accounting profession.
Accounting Today
NOVEMBER 15, 2024
Facing a backlash from audit firms about its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the Public Company Accounting Oversight Board has decided to delay action on the standard this year.
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.
CPA Practice
NOVEMBER 15, 2024
Brian Tankersley, CPA, and Randy Johnston review Soraban , an AI-powered system that revolutionizes your practice’s client data intake process by automating and simplifying every step. Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
Accounting Today
NOVEMBER 15, 2024
Asset-Map announces 'relationship maps' and 'legal instruments' features; Taxbit launches platform for both traditional and digital finance; Mastercard releases business solution platform; and other news.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Ronika Khanna CPA,CA
NOVEMBER 15, 2024
One of the numerous ways in which technology has benefitted small businesses has been to increase the number of payment options available. While conventional methods of payment like cash and cheque still exist, there are also a variety of other options like debit cards, internet transfers and mobile payments that have greatly facilitated payment infrastructure and made financial management significantly more flexible.
CPA Practice
NOVEMBER 15, 2024
Professionals on the move is a recap of recent promotions, hiring, and other staffing announcements from across the profession. Ankura Taps Steven Richards for New Role to Accelerate Innovation, Expand Service Offerings and Advance AI-Driven Legal Solutions Ankura Consulting Group, LLC (“Ankura”), a leading global expert services and advisory firm, recently announced that Steven Richards , who currently leads Ankura’s Global Risk, Forensics & Compliance business group, will assume the newl
Accounting Today
NOVEMBER 15, 2024
KPMG International appoints global sector heads; Withum launches AI-focused website; and more news from across the profession.
Going Concern
NOVEMBER 15, 2024
Someone on r/accounting with a very legit-looking username and sparse comment history said today that their firm is announcing a PE deal. Who? WHO KNOWS! Candidates must be a “very hybrid” mid-tier with decent culture. Welp, they’re announcing a PE deal by u/User0273649362539506 in Accounting Text : Welp, they’re announcing a PE deal Not looking forward for what’s to come.
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.
ThomsonReuters
NOVEMBER 15, 2024
← Back to blog For many accounting firm owners and leaders, the idea of transforming their practices from a traditional, transaction-based model into an advisory-centric firm is an appealing one. Advisory services can lead to stronger client relationships, a healthier bottom line, and a more balanced work-life dynamic. Yet, despite the advantages, making this shift can seem daunting.
Going Concern
NOVEMBER 15, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Insightful Accountant
NOVEMBER 15, 2024
In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Jen Hamilton, CEO of Hamilton COOs, to explore her journey from public accounting to becoming a fractional COO who helps many accounting firms.
Going Concern
NOVEMBER 15, 2024
While the IRS is “working diligently to process Employee Retention Credit (ERC) claims as quickly as possible,” according to them, countless businesses that qualified for the “fraud-ridden” pandemic-era credit are still sitting around waiting for payments. Speaking about these delays in a Fortune opinion piece earlier this year, former IRS commissioner Chuck Rettig said “fighting fraud should not come at the expense of legitimate small businesses with claims pending
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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.
Canopy Accounting
NOVEMBER 15, 2024
Discover how accounting firms can shift from overburdened, deadline-driven practices to a sustainable 40-hour workweek model. Learn from ReNew Group and a firm owner’s journey to boosting profitability and reducing stress for teams and owners alike.
CPA Practice
NOVEMBER 15, 2024
Top 30 accounting firm Aprio has entered the Southern California market by adding Kirsch Kohn & Bridge (KKB), a full-service CPA and advisory firm in Woodland Hills, CA. Financial terms of the deal, which closed on Nov. 1, weren’t disclosed. Five partners and more than 30 professionals have joined Atlanta-based Aprio, which received a private equity investment from Charlesbank Capital Partners this past summer.
Withum
NOVEMBER 15, 2024
The IRS recently released Memorandum 202436010 (dated July 31, 2024), denying the application of Section 245A of the Internal Revenue Code to dividends received by a Controlled Foreign Corporation (“CFC”). Section 245A, introduced by the Tax Cuts and Jobs Act of 2017, allows a domestic corporation, which is a U.S. Shareholder of a distributing foreign corporation, a 100% dividend received deduction (“DRD”) for the foreign-source portion of dividends received from specified 10% owned foreign corp
CPA Practice
NOVEMBER 15, 2024
Payhawk, a global leader in spend management solutions, today announced a new integration with Mastercard to offer businesses in the U.S. and Canada real-time visibility into their card transactions within the Payhawk platform. These businesses will also be able to take advantage of enhanced spend controls on their eligible Mastercard corporate and business cards, all while staying with their existing issuing bank and benefiting from a next generation spend management platform.
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
Accounting Insight
NOVEMBER 15, 2024
iplicit named 40th fastest-growing tech company iplicit Ltd, the fastest selling mid-market accounting solution in the UK, has been listed among the 50 fastest-growing tech companies in the UK. The industry disruptor secured 40th place in the annual Deloitte UK Technology Fast 50 list. Rankings are based on percentage revenue growth over the last three years. iplicit grew 742% during this period, from the year ending March 31 2021 to the year ending March 31 2024.
CPA Practice
NOVEMBER 15, 2024
Thomson Reuters Corporation, a global content and technology company and member of Oracle PartnerNetwork, is enabling turnkey integration with ONESOURCE Pagero and Oracle Cloud Enterprise Resource Planning (ERP). Designed to transform the e-invoicing landscape, and supported by early partners like Accenture, this integration aims to help streamline e-invoicing processes, particularly in countries with stringent mandates.
Accounting Seed
NOVEMBER 15, 2024
How to trust your numbers and know your business is providing a reliable picture of performance You stare at last month’s recurring revenue numbers and wonder if you can justify a major investment in new product development. But the rows and rows of data aren’t giving you what you need. For one, the report came in late, which leaves you little time for analysis.
CPA Practice
NOVEMBER 15, 2024
AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has announced the results of a new research report, 2025 Focus on the Future: Inflection Point for Transformation at Mid-Decade. The report reveals a fundamental lack of alignment between top risks businesses face and the level of resources internal auditors are able to put towards those vulnerabilities.
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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.
FraudFiles
NOVEMBER 15, 2024
Government investigations of white collar crimes almost always have one thing in common: They rely heavily on the analysis of financial information. Often, this includes combing through bank statements and credit card statements, as well as scrutinizing accounting records. Some people think that analyzing this kind of data is simple. It seems like it is [.
Accounting Today
NOVEMBER 15, 2024
The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.
Accounting Seed
NOVEMBER 15, 2024
What’s driving businesses to automate Accounts Receivable? 3 pressures pushing manual accounting to the breaking point.
Accounting Today
NOVEMBER 15, 2024
Being careless in a company's early years can make it costly and time-consuming to change from non-GAAP to GAAP standards when preparing for an IPO, sale or other exit.
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.
Menzies
NOVEMBER 15, 2024
Menzies LLP - A leading chartered accountancy firm. Creditors play an important role in insolvency proceedings, one of the reasons is because they hold significant influence over the process and its results. Their part is essential, not only in safeguarding their financial interests but also in ensuring that the processes are handled as fairly and efficiently as possible.
CPA Practice
NOVEMBER 15, 2024
By Mark Niquette and Enda Curran Bloomberg News (TNS) The Republican sweep of the presidency and Congress has transformed what could have been a struggle to merely renew Donald Trump’s tax cuts into a multi-pronged campaign to slash levies in new and bigger ways. The incoming Republican majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.
Accounting Today
NOVEMBER 15, 2024
The incoming GOP majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.
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