TaxConnex
DECEMBER 3, 2024
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. NOMAD news. Will “NOMAD” soon be just a NOD? The five-letter acronym stands for the states without a statewide sales tax – New Hampshire, Oregon, Montana, Alaska and Delaware – and two of those states might be leaving the group sooner than later.
Accounting Today
DECEMBER 3, 2024
UHY, a Top 50 Firm based in Farmington Hills, Michigan, has received private equity funding from Summit Partners, a Boston-based investment firm, the latest in a long line of accounting firms receiving PE financing.
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CPA Practice
DECEMBER 3, 2024
By Jarrell Dillard Bloomberg News (TNS) U.S. job openings picked up in October while layoffs eased, suggesting demand for workers is stabilizing. Available positions increased to 7.74 million from a revised 7.37 million reading in September, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey, known as JOLTS, showed Tuesday. The median estimate in a Bloomberg survey of economists called for 7.52 million openings.
Going Concern
DECEMBER 3, 2024
Multiple sources are reporting that the King’s EY is looking at axing about 150 people in consulting, 3% of that service line and 1% of the overall workforce. Bloomberg Law said the cuts are “another sign of a weak consulting market that lately has affected big accounting firms globally” but with how long this excuse has been going, it’s really starting to feel like firms are just bad at managing their headcounts and making money.
Advertiser: Paycor
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Accounting Today
DECEMBER 3, 2024
The latest data on the growth of the IRS's Direct File program, how many corporate tax pros believe generative AI is beneficial in accounting, and other key metrics.
CPA Practice
DECEMBER 3, 2024
The Financial Accounting Standards Board (FASB) published a proposed Accounting Standards Update (ASU) on Dec. 3 that addresses the measurement of credit losses for accounts receivable and contract assets for private companies and certain not-for-profit entities. The FASB and the Private Company Council, the group that advises the U.S. standard-setting board on private company accounting matters, took on this project to address challenges with applying the guidance in Topic 326, Financial Inst
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
DECEMBER 3, 2024
UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. 3. Financial terms of the deal weren’t disclosed. With this deal, more than 35% of the top 30 accounting firms in the U.S. by revenue have sold stakes in their firms—many a controlling stake and some a minority stake —to private equity investors.
DMCL
DECEMBER 3, 2024
DMCL is thrilled to share that Donna Branston , our Entertainment Accounting and Business Management Partner, was recently featured in CPABC’s Backstage Pass , a podcast exploring the unique stories of CPAs working in entertainment. In her interview, Donna sheds light on the dynamic world of entertainment accounting, the challenges faced by artists and creatives, and how her work at DMCL helps clients navigate the complexities of this exciting industry.
CPA Practice
DECEMBER 3, 2024
Sage, a maker of accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced that Sage Copilot is available to early adopters initially in the US and UK on Sage Intacct. As part of a raft of new enhancements and updates for Sage Intacct customers globally, the introduction of this cutting-edge generative AI tool will support customers with actionable insights and intuitive support to help drive productivity and growth.
Ryan Lazanis
DECEMBER 3, 2024
If you want your monthly bookkeeping checklist to be efficient and accurate, here are 13 tasks to include—with tips to make them easier. The post 13 Tasks To Include In Your Monthly Bookkeeping Checklist appeared first on Future Firm.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
CPA Practice
DECEMBER 3, 2024
The IRS is giving payroll companies and third-party payers more time to help resolve their clients’ erroneous claims for the Employee Retention Credit (ERC). The tax agency has extended the deadline for third-party payers—such as certified professional employer organizations, professional employer organizations, and IRC Section 3504 agents—to file a supplemental claim for their clients until Dec. 31.
Withum
DECEMBER 3, 2024
Download a PDF of this case study. Case Brief A construction company was facing a growing phishing email problem. This can lead to data breaches, financial losses, operational disruptions and reputational damage. Withum’s Cyber and Information Security team stepped in and provided key information that the organization used to improve its cybersecurity posture.
CPA Practice
DECEMBER 3, 2024
Staff reports The Albany Herald, Ga. (TNS) ATHENS, GA (Nov. 27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime. Jessica Crawford, 33, of Athens, pleaded guilty to one count of wire fraud and one count of aiding and assisting in the preparation and presentation of false income tax returns before U.S.
Accounting Today
DECEMBER 3, 2024
The Public Company Accounting Oversight Board posted a disciplinary order sanctioning Weinstein International CPA and its sole partner for audit and quality control failures.
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.
CPA Practice
DECEMBER 3, 2024
By Girard Miller Governing (TNS) Dec. 3—This year at least 19 states have granted sales tax holidays at one time or another. Always announced with great flourish and assertions that these temporary waivers of the sales tax are a boon for taxpaying consumers—and a welcome shot in the arm for local retailers and advertising media—these short-term respites do get the attention of shoppers.
AccountingDepartment
DECEMBER 3, 2024
Join AccountingDepartment.com in supporting the research, funding and treatment for rare diseases and Alternating Hemiplegia of Childhood.
CPA Practice
DECEMBER 3, 2024
By Matt Durr mlive.com (TNS) With just a few weeks left in 2024, the IRS is reminding taxpayers that a tool is available to help estimate if your federal tax withholdings for the year are enough or to determine if you can afford to take home more in your paycheck. And while it might be too late to make significant changes to your withholdings for 2024, you can estimate how much you may have to pay in or make changes that will get 2025 off to a better start.
Withum
DECEMBER 3, 2024
In this episode of Cryptonomix, Mark Eckerle sits down with Jeff Rundlet, Head of Accounting Strategy at Cryptio, an institutional-grade crypto accounting platform.
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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.
CPA Practice
DECEMBER 3, 2024
SolomonEdwards , a national professional services firm offering financial, operational and technology consulting along with operations support, has acquired the national tax consulting firm Steele Consulting. Effective immediately, SolomonEdwards clients gain access to an expanded suite of tax support services across state, local, federal and international jurisdictions.
Accounting Today
DECEMBER 3, 2024
A French unit of the Swiss lender is accused of sidelining and slashing the bonus of a former auditor who was penning a report on potentially unlawful behavior.
Insightful Accountant
DECEMBER 3, 2024
American small and medium-sized businesses (SMBs) are at the forefront of the AI revolution, outpacing their global counterparts in adoption rates.
Accounting Today
DECEMBER 3, 2024
IRIS Software Group announced its intention to acquire bookkeeping and accounting solutions provider Dext.
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
Summit CPA
DECEMBER 3, 2024
Jamie and Jody chat with Zaid Ammari from PPC Masterminds to explore advanced marketing strategies including digital marketing retargeting.
Accounting Today
DECEMBER 3, 2024
SolomonEdwards acquires Steele Consulting; LGA merges in McGaunn & Schwadron CPAs; and Barsz Gowie Amon & Fultz adds William E. Howe & Co.
Insightful Accountant
DECEMBER 3, 2024
Sage Intacct Release 4 brings AI-driven Sage Copilot and productivity tools to enhance decision-making and efficiency.
Accounting Today
DECEMBER 3, 2024
The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.
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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.
CPA Practice
DECEMBER 3, 2024
IRIS Software Group , has announced a definitive agreement to acquire Dext Software Ltd (Dext), a bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms – Dext’s Bookkeeping Automation Platform and IRIS Elements – to deliver a complementary and fully integrated, end-to-end solution for accountants, bookkeepers, and businesses.
Accounting Today
DECEMBER 3, 2024
The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.
Menzies
DECEMBER 3, 2024
Menzies LLP - A leading chartered accountancy firm. A finance manual is a comprehensive file that documents a business’ internal financial processes and policies. It serves as a guide for staff to ensure consistency, compliance, and efficiency in financial operations. A finance manual may also be requested by investors, buyers, and board members to support making business/finance decisions.
Accounting Today
DECEMBER 3, 2024
Small business jobs growth remained steady in November, while workers' wages grew only slightly, payroll provider Paychex reported.
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.
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