Canopy Accounting

DECEMBER 8, 2023

Last year, roughly 50.5 million Americans quit their jobs to take new positions and 73% of employers are having difficulty attracting staff. Clearly, the accounting industry has been affected by this rapid resignation of employees–despite having the third lowest turnover rate in the nation. Many accounting firms have struggled to attract and retain top talent and are revamping benefit offerings and increasing salaries to fill open positions.

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accounting firms accountant Account accounted 52

Withum

DECEMBER 8, 2023

The Internal Revenue Service (IRS) is continuing its crack down on dubious claims for the employee retention credit (ERC), a refundable tax credit for certain businesses that paid employees during the COVID-19 pandemic. On December 6, 2023, the IRS issued a press release announcing that it would be sending more than 20,000 letters to taxpayers notifying them of disallowed ERC claims, either because their entities did not exist during the ERC eligibility period or because they did not have employ

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tax preparation audit Tax 126

Accounting Today

DECEMBER 8, 2023

The Internal Revenue Service's Independent Office of Appeals hopes to improve taxpayer service next year and improve the experience of its workforce.

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Tax 122

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence. But for those who embrace AI, there is a strategic opportunity to capitalize on its many benefits while protecting and even uplifting the irreplaceable human connection.

accountant 108

accountant Account accounted Technology 108

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.

Account

Randal DeHart

DECEMBER 8, 2023

As the year comes to a close, it's important to start thinking about your bookkeeping tasks to ensure a smooth transition into the new year. Deadlines are fast approaching, but it doesn't have to be stressful. Have you given your bookkeeper, wife, partner), accountant or tax accountant, what information is needed to complete your reports? Accountants need good information to create detailed reports and save money on your taxes.

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bookkeeping Construction tax accountant Tax 89

ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations. This approach, while effective to a certain extent, is time-consuming and vulnerable to human error.

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audit auditor financial statements Technology 98

CPA Practice

DECEMBER 8, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F. Tankersley, CPA.CITP, CGMA. Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley.

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Technology tax return CPA cpas 52

Accounting Today

DECEMBER 8, 2023

With steep civil penalties of up to $500 per day for each day a BOI report is late, business owners will want to make sure they get theirs in on time.

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accountant accounted Account 96

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. Explore the vital changes that are needed to fuel prosperity in the Food & Drink industry – with insights that go beyond November’s Autumn Statement. November’s Autumn Statement earmarked £4.5bn for key manufacturing sectors, and some beneficial changes to tax reliefs and full expensing.

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Manufacturing Government Agriculture chartered accountant 52

Accounting Today

DECEMBER 8, 2023

The IRS is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

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Tax 104

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.

Account

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. What is it? The Carbon Border Adjustment Mechanism (CBAM) will impact all exporters of certain relevant products and EU importers, where the import of steel and aluminium, fertiliser, concrete, hydrogen and electricity, must be tracked. Why? The CBAM is part of the concept of carbon pricing and the EU’s aim of being the first ‘green continent’, by imposing regulation on EU businesses, to encourage decarbonisation.

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chartered accountant accounting firms Tax accountant 52

Accounting Today

DECEMBER 8, 2023

The unemployment rate declined two-tenths of a point to 3.7% in a sign of a strong economy despite high interest rates.

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accountant Account accounted payroll 75

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. The government ​​published the final version of its Border Target Operating Model (TOM) earlier this year, confirming that from 31‌‌‌ ‌‌January 2024, certain goods will be subject to full customs controls when moved directly from Irish ports to Great Britain (GB). Where goods are imported directly from Ireland into GB, ​​not moving from or through Northern Ireland (NI), import processes will need to be undertaken.

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chartered accountant accounting firms Government Transportation 52

Accounting Today

DECEMBER 8, 2023

Accounting Today has issued a call for submissions for its 2023 Top New Products report.

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accountant Account accounted Technology 78

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GrowthForceBlog

DECEMBER 8, 2023

10 min read No business is safe from a difficult economy.

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Accounting Today

DECEMBER 8, 2023

Ledgible improves transaction table; Wolters Kluwer's emissions reduction targets validated by SBTi; and other updates from the accounting technology world.

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Technology accountant Account accounted 61

CPA Practice

DECEMBER 8, 2023

Ensuring Success, the largest live-streamed CPE conference for accounting and tax professionals, was held December 6-7, providing these financial and tax advisors the opportunity to complete their credential requirements, and also offering strategies for developing firm growth opportunities and strategies to better serve their clients. More than 3,300 registered for this year’s event, which was the 10th anniversary of Ensuring Success.

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E-commerce accountant Account accounted 64

Accounting Today

DECEMBER 8, 2023

Business leaders who are also CPAs are unsure about the direction of the U.S. economy next year.

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CPA cpas accountant accounted 72

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

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Going Concern

DECEMBER 8, 2023

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.

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cpas accountant Account accounted 119

Accounting Today

DECEMBER 8, 2023

Brown Schultz Sheridan & Fritz renames firm; Weaver moves into new Texas office; and more news from across the profession.

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Texas 56

Going Concern

DECEMBER 8, 2023

SEC Chief Accountant Paul Munter was interviewed by WSJ ‘s Mark Maurer the other day and his comments about firm culture are worth paying attention to if you’ve been tempted to speedrun internal exams lately. Asked about his vocal stance on the importance of firm culture in maintaining professionalism — which includes independence — and if there are any particular cases that make firm culture a priority now, Munter referenced numerous “troubling things” on the

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public accounting audit accountant Account 59

Accounting Today

DECEMBER 8, 2023

Rosen, Sapperstein and Friedlander, a Regional Leader based in Towson, Maryland, is buying MBA, a firm based in Cockeysville.

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Maryland 56

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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

DECEMBER 8, 2023

President Joe Biden's son Hunter was indicted on nine federal tax charges in a development that will become a political headache for the White House and Democrats as the 2024 campaign ramps up.

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Tax 121

Accounting Today

DECEMBER 8, 2023

A prominent NYU accounting professor who is being paid to testify in Donald Trump's defense in a civil fraud trial heaped praise on the former president's financial records for hours under oath.

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accountant Account accounted 56