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 software Construction Account accountant 130

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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general ledger auditor Connecticut accounting principles 98

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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Texas Maine audit Account 59

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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audit accounting firms public accounting tax planning 98

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

Finance

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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payroll Technology Gaming Retail 52

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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New Jersey cpas Account accountant 59

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

accounting firms 52

accounting firms tax return Account accountant 52

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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audit 126

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.

Education 52

Education New Jersey cpas Account 52

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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Account accountant accounted Education 119

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

Technology

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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New York Real Estate Oklahoma Ohio 52

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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Account accountant accounted accounting firms 116

Insightful Accountant

NOVEMBER 5, 2024

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

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Manufacturing 52

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

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

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

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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audit 111

Insightful Accountant

NOVEMBER 5, 2024

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

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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

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

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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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

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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E-commerce accounting and finance Finance Tax 52

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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accounting and finance

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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Real Estate Entertainment income tax audit 52

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.

Sales 52

Sales 52

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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Tax Account accountant accounted 52

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

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Technology

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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Tax tax planning 52

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

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

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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Indiana Tax Florida CPA 40

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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