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.
MyIRSRelief
NOVEMBER 15, 2024
Essential Bookkeeping Tips to Maximize Tax Deductions for Small Businesses Running a small business comes with a myriad of responsibilities, and one of the most crucial is managing your finances effectively. Proper bookkeeping is not just about keeping your business afloat; its also about maximizing your tax deductions to ensure youre not paying more than necessary.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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
The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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.
CPA Practice
NOVEMBER 15, 2024
Vertex Inc. , a global provider of tax technology solutions, has released a new survey revealing automation and digital transformation are top priorities for driving business growth in tax and finance, but many organizations still have work to do. The 2024 Global Tax Transformation Report studied more than 600 global tax and finance professionals, manager level and above, and found that 80% consider tax and finance transformation key to business optimization, though only half of organizations ha
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.
Advertisement
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.
CPA Practice
NOVEMBER 15, 2024
In a letter to Congressional leadership of the Senate Banking Committee and the House Financial Services Committee, the American Institute of CPAs (AICPA) expressed concerns with the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) reporting requirement that went into effect on January 1, 2024. “We are now 50 days away from the filing deadline and the AICPA has grave concerns with the current timeline,” said Barry Melancon, AICPA CEO, in the letter.
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.
CPA Practice
NOVEMBER 15, 2024
The national advisory and public accounting firm Withum has launched a new AI-focused website, withum.ai. Designed to offer businesses a comprehensive resource for AI strategy, implementation, engineering, adoption and governance, the website will serve as a hub for thought leadership, insights, blogs, webinars and resources for navigating the rapidly evolving AI landscape.
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.
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.
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
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.
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.
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.
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.
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.
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
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.
Accounting Seed
NOVEMBER 15, 2024
What’s driving businesses to automate Accounts Receivable? 3 pressures pushing manual accounting to the breaking point.
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.
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
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.
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 [.
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.
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
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
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.
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
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.
Advertisement
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.
Expert insights. Personalized for you.
115 
Let's personalize your content