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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Accounting Today

NOVEMBER 5, 2024

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

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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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Accounting Today

NOVEMBER 5, 2024

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

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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

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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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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Accounting Today

NOVEMBER 5, 2024

The best accounting firms to start a career in are committed to trust, flexibility and investment.

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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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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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Sales Tax 115

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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Technology

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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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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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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Tax tax planning Finance 105

Insightful Accountant

NOVEMBER 5, 2024

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

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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

Accounting Today

NOVEMBER 5, 2024

Updating engagement letters; tax neutrality; the usual losers; and other highlights from our favorite tax bloggers.

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Tax tax preparation tax planning Sales 59

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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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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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

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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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

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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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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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

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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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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Tax 52

Accounting Today

NOVEMBER 5, 2024

The expiration next year of the 2017 tax law puts trillions of dollars in tax provisions in play.

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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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auditor audit financial statements 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

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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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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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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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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