Withum

NOVEMBER 5, 2024

A recent alert from Maryland-based cybersecurity firm Huntress highlights a concerning vulnerability for construction companies using on-premise accounting and project management software with default login credentials. According to their report last month, a brute-force attack targeted users of a major construction accounting software vendor, exposing sensitive data due to default usernames and passwords being left unchanged.

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TaxConnex

NOVEMBER 5, 2024

Whether you’re a consultant working with companies or you run your own company. whether you’re just looking to clean up your own operation or you’re doing homework for an M&A. sales tax risks and exposure should be an important topic. And getting to the bottom of that topic means knowing what questions to ask. Our recent webinar “What to Ask Your Clients to Identify & Manage Their Sales & Use Tax Risk” addressed many of these questions – along with what to do once you find out the an

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Accounting Today

NOVEMBER 5, 2024

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year as companies look to get outside approval from auditing firms on their environmental efforts.

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CPA Practice

NOVEMBER 5, 2024

By Paul Schott The Middletown Press, Conn. (TNS) Nov. 4—Furniture retailer Lovesac has agreed to pay $1.5 million to settle a Securities and Exchange Commission lawsuit that alleges that two former executives committed accounting fraud at the Stamford-based company. The two former executives, then-chief financial officer Donna Dellomo and then-controller Yoon Um, attempted last year to conceal more than $2 million in shipping expenses, after the discovery that those expenditures had been belated

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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

Accounting Today

NOVEMBER 5, 2024

Nearly three-quarters of U.S. masters of accounting programs reported application growth, according to a report by the Graduate Management Admission Council.

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Going Concern

NOVEMBER 5, 2024

In just the last 24 hours, we’ve gotten tips about layoffs at Moss Adams, Elliott Davis, and CohnReznick. This on top of audit layoffs at KPMG first reported by WSJ yesterday. What. Is. Happening. Here’s someone on r/accounting who says they were among the people let go at CohnReznick seemingly out of nowhere: Been at CR for six+ years, overall a good job and I liked it.

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CPA Practice

NOVEMBER 5, 2024

Marking its 65 th year of scholarship distribution, the New Jersey Society of Certified Public Accountants (NJCPA) is accepting applications for its accounting scholarships. College-bound New Jersey high school seniors, as well as sophomore, junior and senior accounting students at New Jersey colleges or universities, and select students from under-resourced or historically underrepresented communities, are encouraged to apply.

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Accounting Today

NOVEMBER 5, 2024

The future of the Tax Cuts and Jobs Act and other tax issues are on the ballot.

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CPA Practice

NOVEMBER 5, 2024

Thomson Reuters, the global content and technology company, has launched ONESOURCE with CoCounsel to customers globally. These enhanced solutions combine a new AI Product Support skill with CoCounsel, Thomson Reuters professional-grade generative AI assistant. As multinational corporations face evolving regulatory challenges and talent shortages, ONESOURCE with CoCounsel augments professionals’ work.

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corporation tax Tax 59

Accounting Today

NOVEMBER 5, 2024

A look inside the 10 best places to start a career in accounting.

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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.

Insightful Accountant

NOVEMBER 5, 2024

This prologue is a pricing supplement to Murph's Blue Paper Comparison of ten ERPs. The original and supplemental content requires "Be Insightful" Premium Content registration.

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Reckon

NOVEMBER 5, 2024

Every year, the time comes to prepare for the holidays. For some industries, this is where a bulk of their revenue comes from — and for good reason. While there are undoubtedly sales to be made, if you don’t have the right plan and procedures in place, you could end up costing your business. Before the silly season, prepare and look at how your business operates before it’s too late.

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Insightful Accountant

NOVEMBER 5, 2024

Thursday, Murph is holding the Question and Answer Workshop portion of his 'Be Insightful' program covering ERP Alternatives. The workshop will review the Blue Paper, a new supplement on ERP Pricing, and also address attend questions and answers.

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CPA Practice

NOVEMBER 5, 2024

Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform. With Lili Connect, partner companies can help their small business customers manage their financial needs in one place with Lili’s unique offerings—including a business che

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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.

Accounting Insight

NOVEMBER 5, 2024

IRIS Software Group , a leading global provider of accounting, edtech, HR and payroll solutions, today announced the launch of IRIS Elements Enterprise , the latest tier in its existing cloud-based accounting suite. With today’s launch, IRIS rolls out two initial Enterprise product offerings: Enterprise Tax and Enterprise Accounts Production. The IRIS Elements suite now offers three tiers: IRIS Elements Essential for smaller practices and startups, IRIS Elements Professional for mid-tier f

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CPA Practice

NOVEMBER 5, 2024

Two Los Angeles-based accounting firms have combined as of Oct. 31: top 100 firm GHJ and GGF. “By combining forces, GHJ is enhancing its ability to deliver greater value to clients through expanded expertise, innovative solutions, and a broader range of services designed to support their success,” GHJ said in a media release. GGF’s employees have joined GHJ’s team, with GGF founder Scott Gilderman becoming a senior consultant in GHJ’s audit and assurance practice, alongside incoming tax partner

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Anders CPA

NOVEMBER 5, 2024

Small and mid-sized businesses have more IT-related responsibilities than ever, from implementing AI to keeping up with modern cyber threats. It’s become far too much for a small IT team or IT administrators to tackle on their own. Virtual or outsourced CIO services can help a business plot its technology strategy for the future, manage and support its in-house IT team while successfully leading projects to completion.

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CPA Practice

NOVEMBER 5, 2024

Top 200 accounting firm LGA has merged with Abbott & Co., a Lexington, MA-based accounting firm led by Mellinda Abbott. “The merger of Abbott & Company with LGA will ensure a smooth transition for clients, with the same team and personalized attention they’ve come to expect,” LGA said in a media release on Nov. 4. “Clients will now benefit from expanded services, including advanced tax strategies, audit and assurance services, business advisory services, and more.

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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.

Insightful Accountant

NOVEMBER 5, 2024

In a significant shift that will affect tax practices nationwide, the Internal Revenue Service has activated its new pass-through compliance unit within the Large Business and International Division (LB&I).

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CPA Practice

NOVEMBER 5, 2024

Top 60 accounting firm KSM (Katz, Sapper & Miller) has expanded its presence in New York after acquiring Shanholt Glassman Klein Kramer & Co. (SGKK), a New York City-based CPA firm with a focus on the real estate industry, effective Oct. 31. Financial terms of the deal weren’t disclosed. KSM established its New York office in 2012, and with the addition of SGKK’s nearly 60 employees and six partners, the office will expand to a team of approximately 90 professionals.

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FraudFiles

NOVEMBER 5, 2024

Even with all the publicity surrounding the issue of financial fraud in the last 20+ years, most auditors, investors, and other professionals still do not “get it” when it comes to detecting fraud. Traditional financial statement audits were never designed to detect fraud. The audit is simply a process by which auditors check the company’s [.

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CPA Practice

NOVEMBER 5, 2024

What’s the state of accounting education today? In the latest episode of the IssuesWatch Podcast, three college accounting educators – who are also CPAs – discuss enrollment trends, shifts in curriculum, accommodating varied learning styles, bridging the gap between the classroom and the workforce, alternative pathways to CPA and more. The episode is hosted by Don Meyer, NJCPA Chief Marketing Officer, and the guests are Steven J.

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Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

Healthcare

Accounting Today

NOVEMBER 5, 2024

Bloomberg Tax and Accounting announced a new strategic partner program with major tax prep software providers in order to expand the set of available tools for users.

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Summit CPA

NOVEMBER 5, 2024

Phil Daniels shares his extensive experience in M&A and his formula for getting your creative agency ready for a successful sale.

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Accounting Today

NOVEMBER 5, 2024

The final regulations provide a long overdue update to rules that had been in place since at least the 1950s, and even the 19th century.

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CPA Practice

NOVEMBER 5, 2024

This webinar will be held on Monday, November 18, 2024 at 1:00pm ET Sponsor: TIAA Kaspick Duration: 1 Hour Register Now Join this informative webinar to learn how to identify the right gift vehicle to meet your clients’ needs. Upon completion of this course, you will be able to: Understand how charitable giving can be used as a tool to help reduce your clients’ tax liability Identify the most suitable giving vehicle for various circumstances Explain the tax and economic benefits available to you

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Accounting Today

NOVEMBER 5, 2024

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

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Insightful Accountant

NOVEMBER 5, 2024

Deacom Essentials is a cost-effective, tailored ERP offering batch and process manufacturing.

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Accounting Today

NOVEMBER 5, 2024

In the intense war for talent, more and more firms are calling themselves a family. That can be dangerous.

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Insightful Accountant

NOVEMBER 5, 2024

We wanted to follow-up on this topic and confirm our announcement of last week.

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.