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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accountant Account accounted 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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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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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.

Account

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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accountant Account 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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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

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

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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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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

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.

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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

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

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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accountant Account accounted 59

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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accountant Account accounted Tax 81

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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.

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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 Account 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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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

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

Sales

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 accountant Account accounted 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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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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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

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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.

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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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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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 accountant 52

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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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.

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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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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accountant Account accounted 78

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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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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accountant Account accounted accounting and finance 59

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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.