Randal DeHart

SEPTEMBER 27, 2024

Fraud can be a significant threat to businesses of all sizes in any industry. Construction companies are not spared and are even more vulnerable to various fraudulent activities, from bid rigging and inflated costs to payroll fraud and misuse of funds. Many small business owners have become increasingly concerned about fraud after the pandemic. According to SAP Concur (An expense management solutions company), a staggering 85% of businesses surveyed expect the risk of fraud to continue.

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Accounting Today

SEPTEMBER 27, 2024

Plus, AuditBoard announces new analytics features; Airbase launches 'Touchless AP' capacities; and other accounting technology news.

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Going Concern

SEPTEMBER 27, 2024

Cue The Jeffersons theme song, Weaver’s movin’ on up in Manhattan. According to The Real Deal , Weaver (#31 IPA 100, $328,276,610 in revenue) is taking 36,500 square feet at the Penn 1 building in Midtown. The move comes after they merged with Buchbinder Tunick & Company who already had 8,000 square feet at the tower. A source tells TRD asking rent for the entire 28th floor was $105 per square foot and the lease duration is 11 years.

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Accounting Today

SEPTEMBER 27, 2024

Recent data has found that successful firms maintain a balance of both advisory and compliance engagements.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

CPA Practice

SEPTEMBER 27, 2024

The place to be this week is New York City where many leaders of the accounting technology community are talking about the issue of responsible AI. The annual meeting of the AICPA/CPA.com Executive Roundtable featured presentations by 47 technology vendors serving the accounting profession as well as in-depth discussions about the future of the profession, an update from AICPA President and CEO Barry Melancon and CPA.com President and CEO Erik Asgeirsson, the latest news about private equity and

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CPA Practice

SEPTEMBER 27, 2024

The IRS is opening a supplemental claim process to help payroll companies and third-party payers and their clients resolve incorrect claims for the Employee Retention Credit (ERC), the agency announced on Sept. 26. The move comes more than a month after the IRS announced it has once again opened the ERC voluntary disclosure program through Nov. 22. Businesses that incorrectly claimed and received the pandemic-era tax credit can voluntarily repay 85% of it back to the agency without having to pay

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Accounting Today

SEPTEMBER 27, 2024

Your Part-Time Controller appoints chief growth officer; LBMC launches family law support services practice; and more news from across the profession.

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Going Concern

SEPTEMBER 27, 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.

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CTP

SEPTEMBER 27, 2024

As property tax bills continue to rise, property owners are turning to us as tax professionals asking what they can possibly do to lower these costs. If someone owns an income-producing property, they may be especially dismayed to find that taxes are taking up a significant portion of that income—or they may have a newly-purchased property that is not yet making enough money to justify the hefty tax bill.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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ThomsonReuters

SEPTEMBER 27, 2024

← Blog home In 2024, Poland, Romania, Denmark, and Malaysia are implementing electronic invoicing (e-invoicing) mandates that demand more tax data in real-time. They are not alone in this trend: More than 30 jurisdictions have enforced some form of e-invoicing mandates. Countries such as Poland, Belgium, Germany, Spain, and China, among others, have announced mandates to begin within a two-year period amidst a global surge in continuous transaction control (CTC) systems.

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CTP

SEPTEMBER 27, 2024

The latest property tax bills are giving property owners a severe case of sticker shock—especially if they are still in the process of getting a new income-producing property to actually produce income! If you own a commercial property, you may find yourself hustling to cover the cost of your recent tax bill. Before the next bill is issued, one of the best uses of your time may be to learn how to appeal your property tax assessment.

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CPA Practice

SEPTEMBER 27, 2024

Top 200 accounting firm Barnes Dennig and Indianapolis-based Greenwalt CPAs are combining, effective Jan. 1, 2025, expanding services for clients of both organizations. The combined firm will have about 215 employees and five offices in three states: Ohio, Indiana, and Kentucky. All locations will maintain their current offices and employees, with two locations in Indianapolis, as well as offices in Cincinnati and Dayton, OH, and in Crestview Hills, KY.

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Withum

SEPTEMBER 27, 2024

Operational Process Mapping and Optimization Opportunities for Improvement Download a PDF of this case study. Executive Summary A client in the union pension fund space offers various services including healthcare benefits, retirement and pension plans, disability and life insurance and advocacy support. The company faced challenges with its business systems – expressing a need for comprehensive and holistic general organizational process improvements.

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

CPA Practice

SEPTEMBER 27, 2024

Audit, risk, and compliance software provider AuditBoard has expanded its cloud-based risk management platform with new features to help audit teams improve efficiency and foster collaboration. Available immediately, the new functionalities include: AuditBoard Analytics Enhancements: Nine new out-of-the-box workflows to automate testing and analysis to help audit and internal controls teams uncover risks faster, minimize routine tasks, and enable focus on higher-value initiatives.

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Withum

SEPTEMBER 27, 2024

A vast majority of lower middle market business owners have not taken the time to plan for their future exit from the business. There are a number of steps that can and should be taken in the years leading up to this event. The topics discussed below are certainly not all inclusive but meant to give an overview of areas to start with when the eventual exit is likely to be a sale.

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CPA Practice

SEPTEMBER 27, 2024

This webinar will be held on Thursday, October 24, 2024 at 3:00pm ET Sponsor: Canopy Software Duration: 1 Hour Register Now This session will delve into the frequent challenges and roadblocks that professionals encounter when initiating change within their firms and with clients. By analyzing real-world case studies and fostering thoughtful discussions, participants will walk away equipped with a comprehensive understanding of change management essentials and their practical application in acco

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Menzies

SEPTEMBER 27, 2024

Menzies LLP - A leading chartered accountancy firm. There has been a clear shift – in Europe and Globally – regarding the adoption of E-Invoicing, with many governments targeting a mandated shift over the coming years. Here we look at what E-Invoicing really means, the drivers of change, and the current state of play for UK businesses. Definitions When we are talking about E-Invoicing in this respect, it is not simply an invoice in electronic format (a pdf, word file or png) which can be unstruc

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

CPA Practice

SEPTEMBER 27, 2024

The number of candidates looking for remote tax roles in the accounting sector is significantly outweighing the number of remote jobs available, according to a new analysis. The research , led by specialist staffing agency, Distinct, compares job post and seeker volumes from July 2023 to July 2024. It reveals a growing disconnect as accounting employers pull back on remote positions as demand for them continues to rise.

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Anders CPA

SEPTEMBER 27, 2024

Many businesses are exploring the advantages offered by automation and AI, but with so many options to choose from, it’s difficult to know where to start. Understanding the different types of automation and the various case uses of AI are the first step to learning how these technologies can impact your business. Julia Deien , Anders partner and technology practice lead, answered some frequently asked questions business leaders want to know before they take on AI and automation in an article for

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FraudFiles

SEPTEMBER 27, 2024

How should your accounting records be provided to your forensic accountant? Tracy talks about how she wants to receive the general ledger and related data. (Hint: Digital is preferred over paper.

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Accounting Insight

SEPTEMBER 27, 2024

The sun was shining in Manchester for the sixth edition of Accountex Summit Manchester, which took place on 17 September 2024. The show has continued to break records, welcoming over a thousand more attendees through its doors since 2022. Portfolio Director, Caroline Hobden commented “We are thrilled with the overwhelming feedback from Accountex Summit Manchester this year!

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Speaker: Joe Sharpe and James Carlson

Running a small business is no small feat. Payroll management, in particular, can be one of the most time-consuming and complex parts of that equation. Yet, businesses that crack the code on streamlining these processes often discover not just savings, but new avenues for growth. Our expert speakers will share actionable insights and real-world examples of how businesses have reduced overhead and improved payroll efficiency.

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Accounting Today

SEPTEMBER 27, 2024

Kirsch CPA Group in Hamilton, Ohio, is one of the first small firms to transition to an employee stock ownership program.

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Wellers Accounting

SEPTEMBER 27, 2024

Tom Walker explains Investors' Relief, how it works, the qualifying conditions, the tax benefits, and compares it to other related tax breaks.

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Accounting Today

SEPTEMBER 27, 2024

Private equity may bring valuable, if not entirely welcome, changes to the accounting profession.

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Accounting Seed

SEPTEMBER 27, 2024

Dreamforce 2024 was nothing short of extraordinary! As Salesforce’s flagship event, it provided unparalleled insights into the future of business technology, innovation, and customer success. Having been to the annual user conference for over 12 years, the Accounting Seed team remains inspired by all that Salesforce brings to San Francisco during a fantastic action-packed three days.

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

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