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.
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.
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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JUNE 18, 2024
Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.
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.
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.
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.
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.
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.
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.
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.
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.
Advertisement
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.
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
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
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.
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
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.
Advertisement
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.
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.
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.
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.
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.
Accounting Today
JUNE 18, 2024
Automaton has led to specialized solutions taking on more features to create powerful combos of capacities, but firms must also keep security in mind.
Advertisement
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.
Expert insights. Personalized for you.
98 
Let's personalize your content