Accounting Today

JULY 1, 2024

You will not be promoted unless the current partners have full confidence in your ability to maintain and grow what they are passing on to you.

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Account accounted accountant 97

CPA Practice

JULY 1, 2024

CPA firm leaders that view their multigenerational workforce as a source of competitive advantage have the right outlook. Sure, it can be challenging to create a cohesive and productive work environment when you have four or even five different generations working in your organization. But harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success.

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cpa firm accounting and finance CPA Virginia 116

Going Concern

JULY 1, 2024

On November 15, 2023, EY announced then-Regional Managing Partner, EY Americas Financial Services Organization (FSO) Janet Truncale would be taking the reins from departing EY Global Chair and CEO Carmine Di Sibio and the baton would be officially handed off July 1. As in today. It was a given that Carmine, an enthusiastic promoter of the Project Everest plan to split audit and consulting practices , would probably make an exit after the much-hyped plan was shelved last April.

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CPA Practice

JULY 1, 2024

The Treasury Department and the IRS issued the much-anticipated final regulations on cryptocurrency broker reporting requirements June 28, after receiving more than 44,000 public comments on the proposed rules last fall. The regulations require brokers to report certain sale and exchange transactions that take place beginning in calendar-year 2025 on the soon-to-be released Form 1099-DA.

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Tax Real Estate tax return Sales 114

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Canopy Accounting

JULY 1, 2024

Darren Root will be sitting down with Canopy CEO Davis Bell to discuss the future of accounting and most of all, answering your questions. You can submit questions for Darren as part of the registration process for the webinar.

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Account accountant accounted 105

CPA Practice

JULY 1, 2024

This year, the NYU School of Professional Studies (NYU SPS) Division of Programs in Business Finance and Taxation programs will host the NYU Tax Conferences throughout July. Beginning July 15 through July 26, the conference will take place at the Westin New York in Times Square, and focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.

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Tax New York accounting and finance tax planning 105

Canopy Accounting

JULY 1, 2024

CAS firms focus on advisory accounting services rather than a compliance-heavy service. But, what exactly is it? Learn more below! By now, you’ve probably heard of CAS, CAAS, advisory accounting, accounting and advisory services—or whatever you want to call it! This trend in the accounting industry transitions to a focus on advisory accounting services rather than a compliance-heavy service.

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Account accounted accountant 98

Accounting Today

JULY 1, 2024

Here's how to go beyond routine process automation and apply strategies that bolster efficiency, autonomy and value for the controllership function.

Technology 101

Technology 101

CPA Practice

JULY 1, 2024

By Sarah Lynch, Inc. (TNS) The office is getting emptier—and will soon reflect the new world of work. Twenty-four percent of U.S. office space will be vacant by early 2026, according to a new report from Moody’s and first reported by Bloomberg. That’s up from the 19.8 percent vacancy rates reported in the year’s first quarter, per Moody’s—which marked a new record as well as an increase from the 19.6 percent reported in in the fourth quarter of 2023.

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Real Estate 96

Accounting Today

JULY 1, 2024

Cutting-edge technology could help authorities identify wrongdoing, with well over half of Turkish companies announcing outright losses or "symbolic" profits.

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Tax 81

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Technology

CPA Practice

JULY 1, 2024

The American Institute of CPAs Foundation has awarded $691,000 in academic scholarships to 127 students for the 2024–2025 academic year through the AICPA Legacy Scholars Program. The AICPA Foundation was established in 1922 to advance the science of accountancy and accounting education. For more than 100 years, the Foundation has focused on supporting the next generation of CPAs through accounting education and outreach, scholarships and fellowships, and diversity and inclusion.

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cpas CPA Education Account 64

Accounting Today

JULY 1, 2024

Test your accounting knowledge on state by windfall tax legislation, AI usage rates, and more. No. 2 pencil not required!

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Account accounted accountant Tax 81

Insightful Accountant

JULY 1, 2024

IRS audit strategies have shifted towards auditing a broader range of high earners, impacting tax practitioners and their clients. Treasury Inspector General for Tax Administration report highlights this change.

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audit Tax 59

Accounting Today

JULY 1, 2024

The police are looking into possible accounting and marketing fraud, market manipulation and use of privileged information.

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accounted Account accountant 60

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Insightful Accountant

JULY 1, 2024

AI is reshaping accounting by automating tasks and improving decision-making. Accountants must differentiate between genuine AI and marketing hype to invest wisely in tools that deliver real benefits.

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Account accounted accountant 59

CPA Practice

JULY 1, 2024

The Private Company Council ( PCC ) met on Monday, June 24, 2024. Below is a summary of topics discussed by PCC and FASB members at the meeting: PCC Agenda Priorities: The PCC discussed its agenda priorities and expressed continued support for conducting research in the following areas identified at the April 2024 PCC meeting: credit losses—short-term trade accounts receivable and contract assets, debt modifications and extinguishments, presentation of conditional retainage and overbillings as c

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Construction financial statements accountant accounted 59

Withum

JULY 1, 2024

Withum is excited to announce that Colleen Fay , Partner, has been promoted to Practice Leader of the Firm’s Financial Services Team. Colleen has over 20 years of experience in accounting with an extensive focus on the alternative investment industry. Her expertise is in tax compliance and consulting for hedge funds, private equity funds, venture capital funds, funds of funds, general partners, and management companies.

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tax planning Education accounting firms Tax 52

Insightful Accountant

JULY 1, 2024

In a two-part series this week, Murph will review the 2025 ProAdvisor Awards Formal Applications for U.S. and International Applicants. Today, we will examine the U.S. Formal Application.

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Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Withum

JULY 1, 2024

Withum is excited to announce that Colleen Fay , Partner, has been promoted to Practice Leader of the Firm’s Financial Services Team. Colleen has over 20 years of experience in accounting with an extensive focus on the alternative investment industry. Her expertise is in tax compliance and consulting for hedge funds, private equity funds, venture capital funds, funds of funds, general partners, and management companies.

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tax planning Education accounting firms Tax 52

CPA Practice

JULY 1, 2024

Winding River Consulting has launched its newest leadership development program — Basic Training Bootcamp — designed specifically for new and emerging partners in the accounting profession. Basic Training Bootcamp is an immersive program tailored to equip participants with the strategic mindset and skills essential to excel in leadership roles. “The accounting profession today faces a significant challenge in finding leaders who can drive firms forward.

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accounting firms Account accounted accountant 52

CTP

JULY 1, 2024

Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation strategy. If you use a tax planning software solution like Tru Tax Planner , you will have access to ready-made implementation guides for even complicated tax strategies. One often-used strategy that requires a complex implementation process is forming a new business entity.

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Tax Delaware Nevada tax planning 52

CPA Practice

JULY 1, 2024

There’s a new crop of partners at top 25 accounting firm Withum, as the class of 2024 was announced on July 1. “It’s my privilege to introduce Withum’s 2024 New Partner Class,” Pat Walsh, managing partner and CEO, said in a statement. “We are celebrating these individuals for reaching a career milestone they have worked tirelessly toward. Each person on this list has exhibited a strong entrepreneurial spirit, dedication to their profession, and long-lasting grit that I am sure will propel them a

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audit Entertainment Sports Education 52

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Withum

JULY 1, 2024

Withum is excited to announce that Colleen Fay , Partner, has been promoted to Practice Leader of the Firm’s Financial Services Team. Colleen has over 20 years of experience in accounting with an extensive focus on the alternative investment industry. Her expertise is in tax compliance and consulting for hedge funds, private equity funds, venture capital funds, funds of funds, general partners, and management companies.

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tax planning Education accounting firms Tax 52

Anders CPA

JULY 1, 2024

Anders is celebrating employee promotions from across the firm once again. The firm is delighted to announce promotions for individuals who deserve recognition for not only their professional achievements, but their willingness to embody the firm’s core values and ability to deliver exceptional results for our clients that create an impact on our entire community.

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audit Tax CPA accountant 52

ThomsonReuters

JULY 1, 2024

Jump to: Tax staff a top priority How will AI impact training and development? How will AI impact recruitment? Perspective from tax professionals Future of Professionals Report How AI is the Catalyst for Transforming Every Aspect of Work View report In the new era of artificial intelligence (AI) , businesses across industries are rethinking how they attract, retain, and upskill talent.

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Technology Tax corporation tax Legal 52

Anders CPA

JULY 1, 2024

For a growing law firm, preventing internal fraud is rarely top-of-mind. Yet the small office setup is the ideal environment for misuses and abuses that, over time, can add up to significant losses. It’s not enough to do your due diligence and run a background check on a new employee. So often, fraud in professional service firms goes unreported and unprosecuted because the victims are too embarrassed to come forward.

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payroll accounts payable CPA accounted 52

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

Patriot Software

JULY 1, 2024

Canton, OH In an unprecedented move, Patriot Software offers American businesses an incredible 6 months of free software to new customer signups in honor of Independence Day. The 6-month promotion applies to all Patriot Software products, including accounting, payroll, time and attendance, and HR software.

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payroll Account accountant accounted 52

CPA Practice

JULY 1, 2024

Ed Duarte, CPA, CGMA, began his tenure as the 97 th Chair of the FICPA on July 1, 2024. “It is truly an honor to lead this historic institution and to give back to my friends and colleagues across the state,” Duarte said. “The CPA profession is at an inflection point, and I am proud to serve our membership at this unique and impactful moment. I look forward to working alongside President & CEO Shelly Weir, my fellow Board and Council members, and the FICPA staff to ensure that Florida CPAs a

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Florida CPA cpas accounting and finance 52

Going Concern

JULY 1, 2024

Hello and happy Monday! Anyone have the whole week off? Not us! So here’s some news. While Saturday’s post didn’t get many on-site comments, a pre-discussion tweet I posted related to the weekend discussion topic blew up on Twitter. You are invited to weigh in on either. Or neither. We’re low pressure over here. Has anyone successfully negotiated a decent raise by coming to your employer with an offer from another firm and threatening to leave?

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Account accounted accountant accounting and finance 59

CPA Practice

JULY 1, 2024

By Gail Cole. Are there any tariffs that aren’t a nuisance? Merriam-Webster defines “ nuisance ” as “one that is annoying, unpleasant, or obnoxious.” If that sounds like a tariff to you, you’re not alone. The Australian Government has identified approximately 500 nuisance tariffs and slated them for elimination effective July 1, 2024. In Australia, the debate over tariffs has intensified in recent years, with the government facing pressure to reduce or eliminate them.

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Government Manufacturing Tax accountant 52

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