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By Alex Tanzi. Bloomberg News (via TNS) Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted. Data from the Internal Revenue Service showed that 66.8 million taxpayers were reimbursed through April 5 compared to 69.1 million through April 7 last year. That means that 3.3%, or roughly 2.3 million, fewer Americans obtained the boost to their finances that they got in 2023.
Burkland’s Fractional CFO team shares a list of cost-saving tips that venture-backed startups can employ to optimize their financial resources. The post Cost-Saving Tips for Startups: Maximize Your Cash Runway appeared first on Burkland.
By Lizzy McLellan Ravitch. The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. After graduating from college in 2021, she saw friends in other fields struggling to find work but knew she would be able to find a job. But that doesn’t mean she’s willing to work into the wee hours during busy season.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. Census Bureau. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” said National Retail Federation Chief Economist Jack Kleinhenz.
In a fact sheet released on April 16, the IRS said the value of work-life referral services that companies provide to workers through an employee assistance program should be excluded from employees’ taxable gross income as a de minimis fringe benefit. “In general, a de minimis fringe benefit is one which, considering its value and the frequency with which it is provided, is so small that accounting for it would be unreasonable or administratively impracticable,” the IRS stated in a Q&A port
In a fact sheet released on April 16, the IRS said the value of work-life referral services that companies provide to workers through an employee assistance program should be excluded from employees’ taxable gross income as a de minimis fringe benefit. “In general, a de minimis fringe benefit is one which, considering its value and the frequency with which it is provided, is so small that accounting for it would be unreasonable or administratively impracticable,” the IRS stated in a Q&A port
Despite your best efforts, accidents can happen in the workplace. When they do, you must fill out a workplace incident report. OSHA, the Occupational Safety and Health Administration, requires that all employers report qualifying workplace incidents. And, most employers must submit OSHA forms for other injuries and illnesses.
By Araceli Crescencio, Inc. (TNS) It’s no secret that happy employees are more productive. However, according to a recent report from insurance giant MetLife, Gen Zers are the least happy employees of any generation. Only 62% of surveyed Gen Z workers reported being happy with their job, compared with 67% of boomers, 66% of Generation X, and 66% of millennials.
By Nicole MacMillan. While other sectors of the economy are still wrestling with the dilemma of “if, when, and how” to bring their employees back to the office post-pandemic, statistics show that in the accounting profession, the remote workforce remains strong–and by many firms, is the preferred staffing model for the foreseeable future. The ConvergenceCoaching ATAWW Survey shows that the percentage of firms allowing their team members to work remotely in 2022 nearly doubled to 80 percent.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Although accounting firms have made significant progress in adopting new technology over the last few years, and many are planning to increase the attention and budget they devote to technology going forward, the use of artificial intelligence isn’t in the cards for many practices—at least not yet, according to a new survey from Rightworks. The online survey of 493 decision makers and influencers at accounting, tax, and bookkeeping firms nationwide, which was conducted last September, found that
The Governmental Accounting Standards Board (GASB) recently issued Statement No. 102, which adds new disclosure requirements for governments. Numerous risks loom over state and local governments, which could impair their service delivery or hinder their capacity to fulfill obligations in a timely manner. While certain risks demand disclosure, many others that commonly plague these governments have not been disclosed because they were not explicitly required.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
9 min read Building a strong board is essential to your mission's success because a nonprofit's board of directors is a governing body responsible for the leadership of the nonprofit organization. The board should provide foresight, oversight, and insights to improve the organization as a whole, helping it to accomplish its mission. Key Takeaways 10 Qualities of a Good Board Member: The curation of a strong nonprofit board relies on the selection of high-quality, individual board members.
KROST’s M&A and Capital Markets Principal, Paren Knadjian, will be attending DealMAX in Las Vegas, Nevada, from April 28th to May 1st. The event brings together high-performing leaders and high-quality targets in one place, allowing for many opportunities to efficiently identify and connect with others. The four-day conference will include one-on-one meetings with M&A professionals, Read the full article.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.
A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L. Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.
Deloitte’s reign as the most prestigious accounting firm in the U.S. was short-lived, as PwC has regained that title for 2025, according to Vault.com, a website that provides career resources and advice to students and job seekers. Deloitte ended PwC’s 14-year streak of being the most prestigious firm in Vault’s 2024 ranking , which was released in April of last year.
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today announced that Ross Tennenbaum has been appointed President. In his new, expanded role, Tennenbaum will be responsible for driving company-wide improvements and ensuring the success of every Avalara customer around the globe. As Avalara President, he will oversee the majority of Avalara’s business operations including Avalara AvaTax for sales and use tax calculations, Avalara Returns, Avalara
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.
Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added ntegration of depreciation and amortization tax savings strategies into Instead and Instead Pro. With Instead and Instead Pro, users can utilize depreciation to find and compare tax savings for assets categorized as residential, nonresidential, technology and electronics, office furniture and fixtures, vehicles, land improvements and specialty properties.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
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