Canopy Accounting
JUNE 18, 2024
Accounting is facing a major issue: a shortage of 340,000 accountants. It’s not just public accounting firms experiencing the talent crunch, even Fortune 500 companies are, as errors in earnings reports have shaken investor confidence. Electric truck maker Rivian mistakenly reported a 147% increase in deliveries in Q4, when this figure actually pertained to the annual increase, not just the quarter.
TaxConnex
JUNE 18, 2024
Six years ago this Friday, the U.S. Supreme Court decided, narrowly, to complicate life for online sellers. In the landmark 2018 case South Dakota v. Wayfair, Inc. et al, the Court determined that an out-of-state seller could establish “nexus” through just economic activity. (Nexus is an economic presence that triggers the obligation to collect and remit tax or at least communicate with appropriate states.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
BurklandAssociates
JUNE 18, 2024
From valuation to term sheet to exit strategy alignment, a startup’s Series A round involves careful consideration of several critical factors. The post The Startup Founder’s Guide to Evaluating a Series A Round appeared first on Burkland.
CPA Practice
JUNE 18, 2024
By Sandi Smith Leyva. AI tools like ChatGPT can be used to streamline financial statement analysis and other client accounting service tasks. Here’s an example of what it can do with an income statement. An important reminder is that your data needs to be anonymized before entering it into any generative AI application. This means stripping out the company name and any other identifying information.
Advertisement
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.
Going Concern
JUNE 18, 2024
320%. That’s how much the number of non-equity partners at INSIDE Public Accounting Top 100 firms — excluding Big 4 — has grown over the past 15 years. Equity partners at these firms, however, have grown only 85% in that same time period. The IPA Top 100 minus Big 4 starts at RSM with $3.7 billion in revenue and ends with a Wayne, PA firm called Global Tax Management with $48.8 million.
Cherry Bekaert
JUNE 18, 2024
Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. South Carolina taxpayers who encumber their property with a perpetual recreational trail easement and right-of-way are allowed a one-time income tax credit equal to ten cents for each square foot of the property that is encumbered by the recreational trail easement.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JUNE 18, 2024
By Ira Rosenbloom. Mergers and acquisitions (M&A) activity in the accounting industry has been robust and competitive—and all signs point to a continuation of that trend, especially in certain markets and for certain firms. If you are thinking of becoming either a buyer or a seller this year, there are critical steps to pursue that can improve your odds of success.
Accounting Today
JUNE 18, 2024
The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.
Withum
JUNE 18, 2024
Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. The FICPA’s Women to Watch Awards is an annual program that recognizes outstanding women in the accounting profession, celebrating two categories of emerging and experienced leaders.
Insightful Accountant
JUNE 18, 2024
The Opening Keynote for Scaling New Height was highlighted with a presentation from Dr. Michio Kaku, Theoretical Physicist and Renowned Futurist.
Advertisement
By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
AccountingDepartment
JUNE 18, 2024
We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the third year in a row! This recognition in 2024 highlights the success of the workplace environment we have cultivated over the last 20 years. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for the last 3 years now, and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.
Going Concern
JUNE 18, 2024
Deloitte has released their third Well-being at Work Survey and guess what? The workers aren’t so well. Here’s a fun figure from the survey of 3,150 C-suite executives, managers, and workers across four countries for you: Only 43% of workers say their organizations have left them better off than when they started. Well-being isn’t doing so well either.
Accounting Today
JUNE 18, 2024
The Treasury Department and the Internal Revenue Service released prevailing wage and registered apprenticeship requirements for clean energy projects and jobs to qualify for tax credits under the Inflation Reduction Act.
CPA Practice
JUNE 18, 2024
Data released by the U.S. Census Bureau on June 18 shows retail sales grew again in May and helped drive a still-expanding economy, National Retail Federation Chief Economist Jack Kleinhenz said. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” Kleinhenz said. “These numbers indicate that the economy continues to expand at a solid pace.
Advertisement
Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
Patriot Software
JUNE 18, 2024
Tax withholding is an essential piece of the payroll puzzle. One of the taxes you must withhold from employee wages is the Old-Age, Survivors, and Disability Insurance (OASDI) tax. You must also contribute an employer portion of the OASDI tax. OASDI tax is more commonly referred to as Social Security tax.
Accounting Today
JUNE 18, 2024
The confluence of generative AI's boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.
CPA Practice
JUNE 18, 2024
Bookkeep, a revenue accounting and sales tax automation platform for unified commerce, has announced plans to open a new office in Victoria, British Columbia, Canada led by Vice President of Marketing and Communications Alison Ball. The office will be focused on expanding access to automated ecommerce solutions for Canadian businesses and their bookkeepers and accountants.
Accounting Today
JUNE 18, 2024
The current wave of M&A activity is driven at least in part by the need for firms to build out their CAS practices quickly, said Joe Woodard at Scaling New Heights
Advertisement
Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
Cherry Bekaert
JUNE 18, 2024
Contributor: Clint Costa , Senior Wealth Strategist at Choreo Advisors This Q&A was featured in Pitchbook’s Q1 2024 PE Middle-Market Report. A Pitchbook subscription is required to read the full report. On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50% 1.
Accounting Today
JUNE 18, 2024
The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.
LSLCPAs
JUNE 18, 2024
LSL Webinar “Back to Basics: Lease and SBITA Accounting: Year Two and Beyond,” presented by Christian Townes, Partner and Amber Haston, Manager, addressed challenges faced by governmental agencies in complying with GASB 87 and GASB 96 requirements and provided a detailed approach to updating leases and SBITAs each year. In case you missed it –.
ThomsonReuters
JUNE 18, 2024
Jump to: Understanding the challenges with search functionality Overcoming constraints by utilizing AI-powered tax and accounting solutions Optimizing your tax research strategies with AI In a world of information overload, many tax and accounting firms are facing challenges in finding trusted answers to complex and evolving tax topics. As clients increasingly demand timely responses and personalized guidance, forward-looking firms are enhancing their search capabilities to gain a competitive ed
Speaker: Duke Heninger
With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.
CPA Practice
JUNE 18, 2024
Top 60 accounting firm RKL is merging fellow Lancaster, PA-based firm Kauffman CPA Co. into its RKL Virtual Management Solutions subsidiary, effective July 1. Financial terms of the deal weren’t disclosed. As part of the transaction, approximately 15 Kauffman CPA Co. team members, including founder and owner Doug Kauffman, will join the more than 650 RKL professionals nationwide and will be based out of the Lancaster office.
Mark Lee
JUNE 18, 2024
Although many people have heard of the 80:20 ‘rule’, very few accountants consciously think about how they could apply this principle to enhance way the way run their practice. The 80:20 rule is also known as the ‘Pareto principle’, the ‘law of the vital few’ and the ‘principle of factor scarcity’. Simply stated, the ‘rule’ suggests that for many activities, 80% of the effect comes from 20% of the causes.
CPA Practice
JUNE 18, 2024
Top 70 accounting firm Clark Schaefer Hackett & Co. is set to acquire fellow Cincinnati CPA firm Rolfes & Swisher in a deal that will become effective on July 1. Financial terms of the transaction weren’t disclosed. Owner Jim Swisher, partner Alan Rengering, and their team will be working from Clark Schaefer Hackett’s downtown Cincinnati office.
Reckon
JUNE 18, 2024
Alrighty, there’s some new kids on the block and the score has changed. There’ll be come updates to your admin, compliance, and operations this coming financial year, as well as new opportunities and bonuses. So, what’s changing from 1 July 2024? New national minimum wage kicks in Don’t be caught out by the imminent boost to the National Minimum Wage , and the concurrent boost to minimum modern award pay rates.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
CPA Practice
JUNE 18, 2024
The Treasury Department and the IRS on June 17 released a fact sheet that provides answers to frequently asked questions related to educational assistance programs under Section 127 of the Internal Revenue Code. Taxpayers can exclude certain educational assistance benefits from their gross income if they are provided under an educational assistance program.
Insightful Accountant
JUNE 18, 2024
Check out this special edition of QB Talks, where Alicia Katz Pollock dives into the newest updates and features of Modern Invoices in QuickBooks Online.
CPA Practice
JUNE 18, 2024
Results Software, a developer of CRM for Service Operations and Field Service Management, has recognized its Founding Master Partners. This elite group of partners, highly recognized and influential in the industry, are poised to drive the program’s growth and deliver exceptional value to their clients. “We are immensely proud to attract such esteemed partners,” said Sam Saab, CEO & Founder of Results Software.
Accounting for Good
JUNE 18, 2024
Budgets are critical for Not For Profit organisations. Budget strategies give NFPs the financial structure to continue their mission smoothly.
Advertiser: Paycor
Year-end can be a hectic time for HR professionals, but with proper planning and organization, you can navigate it smoothly. Learn the main watch outs for year-end HR prep with Paycor’s helpful checklist covering employee data, wage and tax information, and special situations. Ensure compliance and efficiency by downloading today!
Expert insights. Personalized for you.
98 
Let's personalize your content