Accounting Today

MAY 10, 2024

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

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Tax 130

Acterys

MAY 10, 2024

Business teams have long known that traditional extended planning and analysis (xP&A) can be time-consuming, especially for those seeking insights without IT support. But thanks to technologies like ChatGPT and Copilot for Power BI, businesses now have the opportunity to leverage conversational and generative AI to access new insights and analyze data faster and more accurately than ever before.

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CPA Practice

MAY 10, 2024

AICPA News is a recap of recent announcements from the American Institute of CPAs. Innovative Program to Ease Attainment of CPA Education Requirement Gets Off to Quick Start AICPA reports that a pilot program to help accounting graduates earn the required academic credits for CPA licensure is off to a quick start and has earned positive reviews in limited feedback so far from students and the accounting firms that employ them.

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cpas CPA Non-Profits Education 115

Accounting Today

MAY 10, 2024

The U.S. government recorded a higher budget surplus for the month of April than a year ago thanks to a rise in tax receipts, while steeper debt-servicing costs continue to impose a major drag.

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Tax Government 107

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.

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CPA Practice

MAY 10, 2024

Spencer Soper Bloomberg News (TNS) Amazon.com Inc. merchants have found themselves caught in an economic vice. Earlier this year, the e-commerce giant rolled out changes to the fees its charges them — essentially shifting more of its operating costs onto the small businesses that account for most of the products sold on the site. Making matters worse for merchants, shoppers are trading down.

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E-commerce Sales accountant Account 109

Randal DeHart

MAY 10, 2024

Managing a hectic schedule and complex projects can be challenging if you're a contractor. You must also ensure that your paperwork, documents, and contracts are in order. It's essential to keep a paper trail of your work and practice due diligence. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly.

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Construction Legal bookkeeping accountant 97

AccountingDepartment

MAY 10, 2024

Our AccountingDepartment.com family is proud of its vibrant and diverse “cast of characters”—we span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong—and theirs as well.

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Accounting Today

MAY 10, 2024

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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accountant Account accounted 124

Patriot Software

MAY 10, 2024

Starting in July 2024, four million new workers will become entitled to overtime pay, thanks to the Department of Labor’s (DOL) new overtime rule. What does this DOL overtime rule update mean for your small business? It may mean that you need to change your employees’ classification.

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payroll 86

Accounting Today

MAY 10, 2024

The extent of how many taxpayers were affected by the breach was unknown until now.

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Tax 126

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.

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CPA Practice

MAY 10, 2024

Professionals on the Move is a round-up of recent promotions, management changes, and other staffing announcements from across the profession. Wolters Kluwer announces two senior executive appointments ­­­­Wolters Kluwer, a global leader in information, software, and services for professionals, recently announced Atul Dubey as General Manager of its Finance, Risk and Regulatory Reporting (FRR) business, part of its Corporate Performance & ESG (CP & ESG) division.

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Accounting Insight

MAY 10, 2024

IRIS Software Group , a leading global software provider of accounting, edtech, payroll and HR solutions, today unveiled IRIS Outsourcing Audit Services, further assisting accountancy firms in unlocking capacity issues that inhibit growth. This is the sixth outsourcing service IRIS has released since 2004, adding to its existing catalogue of outsourced bookkeeping, year-end accounts, personal tax, payroll, and iXBRL tagging services.

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audit bookkeeping Non-Profits payroll 64

CPA Practice

MAY 10, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Illinois CPA Society (ICPAS) , one of the largest CPA societies in the U.S., recently announced the 2024 Outstanding Leadership Award Recipients. ICPAS will formally present awards to the following honorees at the Leadership Recognition & Awards Dinner in Chicago on June 13, 2024: Lifetime Achievement Award The Lifetime Achievement Awar

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Accounting Today

MAY 10, 2024

The Bridge to CPA program allows accountants to complete their remaining credits for CPA licensure for free through Nova Southeastern University.

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accountant Account accounted CPA 72

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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.

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Going Concern

MAY 10, 2024

If you get the reference in the title, you are officially cool. For some reason, we’re fascinated with Big 4 office spaces. Perhaps because we don’t have to work in them and can instead admire (or criticize) from a safe distance. There have been a few interesting ones in recent years, like Deloitte’s ‘future of work’ office in Edinburgh, Scotland and the building PwC is moving into in San Jose soon — just down the street from Winchester Mystery House — h

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Finance Tax 59

Accounting Insight

MAY 10, 2024

Small businesses are under pressure, and accountants are being called upon to provide a much-needed lifeline. According to new research from Intuit QuickBooks into the top priorities for small businesses over the next 12 months, 41% are using the new tax year to herald in radical changes for their business. The findings, based on insights from small business owners and decision-makers, paint a sobering picture: almost all (99.6%) small businesses plan to change how they operate in the new tax ye

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quickbooks accountant Account accounted 59

Accounting Today

MAY 10, 2024

To maintain steady organic growth and decrease time to value, financial leaders must implement effective response strategies.

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accountant accounted Account 69

Accounting Insight

MAY 10, 2024

Today, investment platform Lightyear rolls out candlestick charts for extended financial analysis and announces the launch of fractional limit orders of US stocks to enable automated and precise portfolio weightings. Lightyear also announces 18 new financial analysis metrics, bolstering the data offering for European investors. Building upon its extensive array of analysis tools, Lightyear introduces candlestick charts to its platform.

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accountant Account accounted Finance 59

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

Sales

Canopy Accounting

MAY 10, 2024

With supportive implementation and a user-friendly design, switching to Canopy isn't scary - it's simple. Learn how easy it is to make the switch, step by step, with this guide.

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CPA Practice

MAY 10, 2024

Tim Ryan presided over his final Partner Announcement Day as senior partner of PwC on May 3, as the 158 members of the class of 2024 were recognized for their achievement. “Over the years, I have seen many colleagues become partners at @PwCUS. The road to becoming a partner is one of hard work and dedication and is worth every step!” Ryan, who is retiring on June 30 as head of PwC US, wrote in a post on X.

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Withum

MAY 10, 2024

Business succession planning is a topic that continues to gain prominence as business owners seek ways to transition their ownership. Closely-held, owner-managed companies face the biggest challenge when it comes to a successful transition. It is estimated that only 30% of construction companies survive after the founder dies, and that number drops to 20% through the third generation.

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Construction Non-Profits Tax Sales 52

CPA Practice

MAY 10, 2024

Sovos , a maker of tax solutions for businesses, has launched its Indirect Tax Suite, a comprehensive, integrated solution to modernize how companies meet global indirect tax obligations. Part of the Sovos Compliance Cloud , the Indirect Tax Suite empowers enterprises to manage all of their indirect tax obligations with governments, buyers, suppliers and consumers.

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Tax Technology B2C accounts payable 52

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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 Insight

MAY 10, 2024

Hamish co-founded Xero back in 2006, where he was pivotal in Xero’s early growth across NZ, Australia and the UK. At the time Hamish was a practising accountant before his journey with Xero. Whilst, no longer a practising accountant Hamish is still passionate about how technology can continue to be transformative for accounting, and that is reflected in his involvement with Firmcheck.

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chartered accountant accounting firms Legal accountant 52

CPA Practice

MAY 10, 2024

FloQast, a finance and accounting operations platform provider created for accountants by accountants, has added new feature enhancements to its FloQast Compliance Management solution, empowering proactive risk assessment, more effective management of compliance programs, and smoother and more efficient internal audit processes. The feature enhancements bring even greater ROI to chief financial officers and accounting and finance teams through a lower total cost of ownership driven by consolidat

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Menzies

MAY 10, 2024

Menzies LLP - A leading chartered accountancy firm. On 27th March 2024, the FRC has issued amendments to UK GAAP. This follows extensive feedback from its published exposure draft FRED 82, issued in December 2022. The changes impact all companies reporting under FRS 102 and small companies reporting under FRS 102 section 1A. In addition, there are some changes impacting micro companies reporting under FRS 105.

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CPA Practice

MAY 10, 2024

The Florida Institute of Public Accountants (FICPA), Nova Southeastern University (NSU) and three South Florida accounting firms – Berkowitz Pollack Brant, Kaufman Rossin and PAAST – have launched a new partnership that will assist future certified public accountants (CPAs) on their path to licensure. The Bridge to CPA pilot program, the first of its kind, will give firm employees who have already completed 120 hours of undergraduate education the opportunity to fulfill their remaining 30 credit

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CPA Florida cpas Education 52

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.

FraudFiles

MAY 10, 2024

I receive many requests for information on the field of forensic accounting, including questions on courses of study, certification, job opportunities, and preparing for a career. Here are a few quick tips: Establish a background in general business and finance/accounting. You need a good working knowledge of financial statements and the accounting process.

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forensic accounting accountant Account accounted 52

CPA Practice

MAY 10, 2024

By Mike Rogoway, oregonlive.com (TNS) TurboTax began notifying some Oregon customers this week that it made a mistake in their tax returns , offering them instructions on how to amend their filings and promising to refund money they paid for TurboTax’s service. “We truly apologize for any inconvenience this might have caused and want to say thanks for being part of the TurboTax family,” the service told customers in messages sent out beginning Monday.

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Oregon tax return Tax accountant 40

Accounting Today

MAY 10, 2024

Patriot Software launches 1099 portal; Expensify launches Expensify Travel; Sage launches two new integrated suites in U.K. and Canada; and other accounting technology updates.

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Technology accountant Account accounted 56

Accounting Today

MAY 10, 2024

The firm employs about 7,700 people in Canada and had already cut about 2% of its workforce in the country at the end of last year.

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.