FraudFiles
JULY 5, 2024
Executives have the means to commit and cover up the largest frauds. They have access to the information and computer systems, they have power over all employees and they have access to the money. The finance function is riddled with fraud risks and the company’s executives are in the best position to take advantage of [.
Accounting Today
JULY 5, 2024
Whether there will be a next generation of accountants is, in many ways, up to all of us.
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CPA Practice
JULY 5, 2024
IRS Commissioner Danny Werfel recently dropped by the studios of NBC10 in Boston to talk about tax scams, the agency’s Direct File tax-filing software, and how the IRS is trying to reach a younger audience via social media. That led to a discussion about Werfel’s cat, Emmett. Why? “We have just now started to put my cat Emmett out there as the expert on tax scams,” Werfel said during the interview.
Accounting Today
JULY 5, 2024
Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
CPA Practice
JULY 5, 2024
Despite elevated job openings, the Big Stay is not going away, according to new research from talent solutions and business consulting firm Robert Half. In a recent survey, 35% of workers plan to look for a new job in the second half of 2024, down from 49% who had similar plans during the same period last year. Year-over-year, job search plans have declined across generations: Generation July 2023 June 2024 Gen Z 74 % 44 % Millennials 63 % 45 % Gen X 44 % 26 % Baby Boomers 23 % 13 % See job sear
Wellers Accounting
JULY 5, 2024
Chris Thompson speculates off the 2024 UK General Election result how the newly elected Labour government could raise taxes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
JULY 5, 2024
When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.
Accounting Today
JULY 5, 2024
Plus, io.finnet launches virtual signer feature for enhanced digital asset operations; Caseware to hold webcast on AI audits; and other accounting tech news.
Patriot Software
JULY 5, 2024
Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products. Activity-based costing is a complex subject.
Accounting Today
JULY 5, 2024
New Plante Moran managing partner begins tenure; Withum promotes 20 to partner; and more news from across the profession.
Speaker: Erroll Amacker
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
Patriot Software
JULY 5, 2024
As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.
Accounting Today
JULY 5, 2024
When your clients are divorcing, you need to figure out two things: Which one is your client, and who is their attorney?
GrowthForceBlog
JULY 5, 2024
6 min read July 5th, 2024 Beyond compliance and annual reporting, fundraising and accounting might not seem inextricably linked. Key Takeaways Maximize the Use of Restricted and Unrestricted Funds: The most valuable type of donation a nonprofit can receive is a contribution of unrestricted funds because this money can be used for any purpose, whether it be spent directly on the mission or on overhead expenses… Use Accounting Software and Organization-Wide Integrations: No nonprofit team has the
Randal DeHart
JULY 5, 2024
As a construction business owner, you must stay informed about your finances and financial situation. You do this through bookkeeping, the process of recording transactions in your business. This includes transactions, credit card charges, and any other economic activity within your company. Financial management can easily be overlooked when managing projects, dealing with subcontractors, and ensuring customer satisfaction.
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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.
CPA Practice
JULY 5, 2024
The Internal Revenue Service is providing a tax relief extension for individuals and businesses in Oklahoma that were affected by severe storms, straight-line winds, tornadoes, and flooding that began on May 19, 2024. These taxpayers now have until Nov. 1, 2024, to file various federal individual and business tax returns and make tax payments. Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA ), individuals and households that reside or have a business in
ThomsonReuters
JULY 5, 2024
Staying compliant with tax requirements is stressful enough when everything runs smoothly. However, managing tax compliance becomes increasingly complex as your company grows, making simplifying tax management a top priority. Evaluating your current corporate tax solutions As your business expands, so must your technology. Without careful planning, a corporation can end up with inefficient, disparate solutions that don’t integrate.
CTP
JULY 5, 2024
Any sophisticated tax strategy needs at least one thing to be successful: an implementation plan. While you may have a clear vision in mind for how things will unfold, if the taxpayer isn’t on the same page as you, the strategy will fall flat. Part of how you can contribute your expertise is by emphasizing the importance of assigning specific people to each step—even if that means hiring outside help—and creating a timeline for meeting deadlines.
CPA Practice
JULY 5, 2024
Jason Drake has been named managing partner of Plante Moran, one of the nation’s largest audit, tax, consulting, and wealth management firms. As managing partner, Drake will focus on firm growth and investments in people and technology, while also maintaining Plante Moran’s rich culture and dedication to client service. Drake succeeds Jim Proppe, who held the position for the last seven years.
Speaker: Anna Tiomina, MBA
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?
Ryan Lazanis
JULY 5, 2024
Discover how to get more bookkeeping clients fast with our comprehensive guide. Learn effective tips to quickly find and grow your business. The post How To Get Bookkeeping Clients Quickly: 19 Tips To Use In 2024 appeared first on Future Firm.
CPA Practice
JULY 5, 2024
Rob Nikolewski The San Diego Union-Tribune (TNS) As tensions mount between the petroleum industry in California and state policymakers, the cost of a gallon of gasoline just got a smidge more expensive this week. Monday marked the start of the new fiscal year and California’s state excise tax on gasoline increased 1.7 cents per gallon. That’s part of the annual adjustment for inflation that is part of Senate Bill 1, which the Legislature in Sacramento passed and then-Gov.
Menzies
JULY 5, 2024
Menzies LLP - A leading chartered accountancy firm. With offering a Workplace Pension Scheme a mandatory requirement since the introduction of Automatic Enrolment, many employers may feel that having set up a scheme, their job is done and dusted. In reality, employers have an obligation to ensure their pension scheme remains fit for purpose, both in its suitability for its members and how it’s being managed.
CPA Practice
JULY 5, 2024
Matthew Boesler Bloomberg News (TNS) U.S. hiring and wage growth stepped down in June while the jobless rate rose to the highest since late 2021, bolstering prospects that the Federal Reserve will begin cutting interest rates in coming months. Nonfarm payrolls rose by 206,000 and job growth in the prior two months was revised down by 111,000, the Bureau of Labor Statistics said Friday.
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