Canopy Accounting

NOVEMBER 20, 2024

As an accountant, you're likely familiar with the scenario: a client asks for "just one more thing," and before you know it, you're handling tasks far beyond the original agreement. This phenomenon, known as scope creep, can lead to increased workload, strained client relationships, and reduced profitability if not managed properly. In this blog post, we'll explore what scope creep is, why it happens, and practical strategies accountants can use to avoid it.

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Accounting Today

NOVEMBER 20, 2024

For individuals, the overpayment and underpayment rate will be 7%.

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AccountingDepartment

NOVEMBER 20, 2024

Driver-based planning is a type of management that zeros in on a company's key value drivers and key business drivers. It helps create budgeting and business plans based on these factors. The goal of this type of planning is to center on the factors that are important to fueling success. Mathematical models can be created to project business. Driver-based planning is helpful for finance executives when they are planning long-range strategic strategies.

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CPA Practice

NOVEMBER 20, 2024

The Treasury Department and the IRS released final regulations on Nov. 19 that will enable certain tax-exempt, governmental, and tribal entities that co-own clean energy projects access to the Inflation Reduction Act’s clean energy tax credits through elective pay, also known as direct pay. “The guidance Treasury is issuing today provides greater clarity and flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects—for example, a tax-exempt entity co-inv

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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.

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Accounting Today

NOVEMBER 20, 2024

As the accounting industry taps into the power of Generative AI, firms need to ensure privacy, transparency and other elements of responsible use.

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CPA Practice

NOVEMBER 20, 2024

On December 18-19, 2024, CPA Practice Advisor is hosting its annual Ensuring Success conference, an online CPE event where professionals can earn up to 14 hours of free CPE credit, with 7 one-hour sessions each day. There is no cost to users to register, attend, and earn CPE credit, and they can choose the ones they want, or can stay for all of the sessions.

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CPA Practice

NOVEMBER 20, 2024

A new report from practice management software provider Ignition says rising business costs are driving fee increases at accounting firms, with 57% planning to raise fees across all services next year. The 2024 U.S. Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025.

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LSLCPAs

NOVEMBER 20, 2024

You might not have been due for a Department of Labor 401(k) audit in 2024—or even next year—but conducting an annual 401(k) plan audit ensures your retirement plans are fully compliant with DOL regulations. Get six other compelling reasons why regular 401(k) audits make sense: 1) Ensuring compliance with DOL regulations, 2) Upholding Fiduciary Responsibility, The post 6 Reasons Why a 401(k) Plan Audit is Always Worthwhile appeared first on LSL CPAs.

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CPA Practice

NOVEMBER 20, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has announced new and innovative efficiencies for the lodging and hospitality sectors, with the release of Avalara Tax Content (ATC) for Lodging. Leveraging Avalara’s proprietary, AI-infused technology, ATC for Lodging gathers, processes and organizes lodging tax data specifically for the lodging and hospitality industries – making it the ideal solution for organizations that require lodging tax content

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Withum

NOVEMBER 20, 2024

Accessible, affordable housing is critical to our society. Explore Other Episodes #CivicWarriors #WithumImpact The post Building Brighter Futures With Home Builders Institute appeared first on Withum.

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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

NOVEMBER 20, 2024

Gary DeHart interviews Dan Berenholtz, co-founder and CEO of Stanford Tax. Dan shares his journey into the tax and accounting industry and how inefficiencies in tax document collection inspired the creation of StanfordTax’s innovative solution.

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CPA Practice

NOVEMBER 20, 2024

In an extension of Deloitte and Workiva’s existing alliance and environmental, social and governance (ESG) accelerators, Deloitte and Workiva have released four new sustainability-focused accelerators to help organizations streamline regulatory compliance activities required under the European Union’s (EU) Corporate Sustainability Reporting Directive (CSRD).

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Withum

NOVEMBER 20, 2024

New York City’s Local Law 97 became effective January 1, 2024, as a critical component of the city’s Climate Mobilization Act of 2019, aimed to reduce the city’s greenhouse gas emissions by up to 40% by 2030 and 80% by 2050 in comparison to the benchmark from 2005. Local Law 97: Reducing NYC’s Emissions This law targets larger residential and commercial properties, including buildings with more than 25,000 square feet, which are the primary contributors to the city’s carb

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CPA Practice

NOVEMBER 20, 2024

In the past, taxpayers have often relied on the “Cohan rule” from an age-old case to bail them out of a tax jam. It often comes up when a business is unable to substantiate all of its out-of-pocket expenditures. Now a restaurant owner in a brand-new case, Pak, TC Memo 2024-86, 9/11/24, has gone back to the well again. Basic premise: The plaintiff in the landmark federal court decision was none other than legendary vaudeville and Broadway star George M.

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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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Dent Moses

NOVEMBER 20, 2024

Beginning now through January 15, Dent Moses has extra shred bins on-site to help our clients dispose of old financial and tax records. All you need to do is bring your unwanted documents to our office, and we will place them in one of our secure shred bins. If you have more than you can carry, we have staff available to help you get the documents from your car to the office.

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CPA Practice

NOVEMBER 20, 2024

By Jackie Meyer, CPA Recent research has found that 99% of accountants experience burnout, which as personally disturbing as it sounds, can ultimately impact your bottom line. In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. In the accounting world, burnout is especially common during tax busy season.

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Shay CPA

NOVEMBER 20, 2024

As a founder of a startup, you’re putting your belief in a delayed gratification model. Those early days of building your company will probably be lean. You’ll work nights and weekends in exchange for what’s most likely a small amount of pay. The thinking goes that you’ll see significant ROI on this effort. Down the road, the shares you have in your company will ideally be worth a sizable sum.

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CPA Practice

NOVEMBER 20, 2024

The 2025 Middle Market Survey report from UHY, shows the majority of business owners have at least some optimism when it comes to the state of business in 2025. The survey, which polled more than 275 executives across the public and private middle market – spanning sectors such as automotive, construction, financial services, healthcare and more – looks into the key trends, challenges and successes that businesses are set to experience in 2025.

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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

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Canopy Accounting

NOVEMBER 20, 2024

Profile AccountAbility , based in Southern New Hampshire and led by seasoned accountant Melissa Laverty, has provided accounting services for over 24 years. Primarily focused on tax services with some bookkeeping support, the firm serves clients in 48 states. AccountAbility has embraced remote operations, allowing them to reduce staff size while intentionally boosting profitability and efficiency.

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CPA Practice

NOVEMBER 20, 2024

Andersen , an independent, global multidisciplinary professional services, continues to broaden its global valuation practice and deepen its ties in Asia Pacific through the addition of collaborating firms in Australia, China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Following the firm’s expansion in Europe , Latin America , and Africa earlier this year, Andersen now has valuation capabilities in more than 50 countries worldwide.

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Insightful Accountant

NOVEMBER 20, 2024

The start of a new year is a prime opportunity for reflection and goal setting. For accountants and tax preparers, reaching new goals requires more than just ambition.

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CPA Practice

NOVEMBER 20, 2024

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, has launched the ROI Method of Value Pricing calculator, a free tool for firms to use to price advisory services like tax planning and CFO support based on measurable client outcomes. For TaxPlanIQ subscribers, this value-based pricing tool is already integrated into the software, where it automatically calculates pricing based on selected strategies.

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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.

Accounting Today

NOVEMBER 20, 2024

Gabriela Figueiredo Dias, chair of the International Ethics Standards Board for Accountants, has been reappointed for a second term through Dec. 31, 2026.

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CPA Practice

NOVEMBER 20, 2024

Fiserv, Inc. , a provider of payments and financial services technology, and ADP , a technology company providing human capital management solutions, have formed a strategic partnership that brings together Fiserv’s preeminent small business solutions, including Clover and CashFlow Central, with the industry-leading small business payroll and HR solution, RUN Powered by ADP.

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Insightful Accountant

NOVEMBER 20, 2024

The landscape for small business tax planning could see dramatic shifts in the coming years as tax advisors prepare their clients for potential changes.

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CPA Practice

NOVEMBER 20, 2024

By Adam Venokur , CPA/PFS, CFP, Northeast Regional Leader at Aprio. The accounting profession has made significant strides in addressing an ongoing talent gap, employing diverse strategies and tactics with varying degrees of success. However, the profession’s evolution, while supported by technological advancements and progressive transformation, still hasn’t been enough to attract and retain younger generations to the extent needed.

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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 Today

NOVEMBER 20, 2024

Bush & Associates, Barton, Crowe Hussain Chaudhury, KPMG India and RSM Brazil settled sanctions for violating PCAOB reporting requirements.

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CPA Practice

NOVEMBER 20, 2024

Intuit, the financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , has launched Intuit Assist for QuickBooks, a generative AI (GenAI)-powered financial assistant that transforms how businesses run and grow their business. Available to QuickBooks Online customers in the U.S., Intuit Assist is delivering seamless, connected ‘done-for-you’ experiences, enabled by AI with access to AI-powered human experts.

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Accounting Today

NOVEMBER 20, 2024

PricewaterhouseCoopers has been focusing on auditing under a new PwC US assurance leader, Deanna Byrne, who began the job in July.

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CPA Practice

NOVEMBER 20, 2024

Top 300 accounting firm Opsahl Dawson has joined forces with Hauser Jones & Sas (HJS), a Bellevue, WA-based full-service CPA firm. The combination of the two firms expands Opsahl Dawson’s presence into Bellevue, joining its existing Washington offices in Vancouver, Lacey, and Longview/Kelso. The Vancouver-based firm now has a team of 180 partners and professionals.

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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.