Going Concern

OCTOBER 8, 2024

Another small accounting firm has reported a data breach involving the protected health information of a whole lotta people. On October 7, Dohman, Akerlund & Eddy, LLC (or DA&E as we’ll refer to them for the remainder of this article) of Aurora, Nebraska sent out letters to 82,207 people whose data — including name, address, date of birth, Social Security number, medical treatment/diagnosis information, dates of service, health insurance provider name, health insurance claim

accounting firms 109

accounting firms Hospitality Account accountant 109

Acterys

OCTOBER 8, 2024

Grappling with rising labor costs, ongoing talent shortages, and the increased complexity of aligning human capital investments with business goals? You need HR strategy and workforce planning systems that support a more strategic, data-driven approach. Only one-third of HR leaders feel confident in their organization’s ability to effectively use data in the workforce planning process, according to Gartner.

Hospitality 130

Hospitality Healthcare Government Manufacturing 130

CPA Practice

OCTOBER 8, 2024

According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm. In fact, according to the inaugural 2024 BDO Audit Innovation Survey , released on Oct. 7, the ability to leverage new technologies was a slightly more important factor that influences audit firm selecti

audit 143

audit Finance auditor Technology 143

TaxConnex

OCTOBER 8, 2024

Search engines have conditioned all of us to find what we need to know with a few clicks. But not all search engines – or state tax websites – are created equal. What it’s like typing “sales tax” into that little rectangle with the magnifying glass on each state’s website? Which states are up front from the first click with what you need and who seems to almost delight in hiding their information?

Sales 147

Sales Tax Rhode Island West Virginia 147

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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

OCTOBER 8, 2024

A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.

auditor 133

auditor audit 133

CPA Practice

OCTOBER 8, 2024

Corporations or LLCs that are owned entirely by Indian Tribal governments and formed under the laws of the Tribes that own them wouldn’t be recognized as separate entities for federal tax purposes and wouldn’t be subject to federal income tax, according to regulations proposed by the Treasury Department and the IRS on Oct. 7. During discussions with the Treasury Tribal Advisory Committee, Tribes had requested guidance on the federal tax classification of Tribal law entities entirely owned by Tri

income tax 117

income tax Tax Washington Government 117

CPA Practice

OCTOBER 8, 2024

Starting salaries in public accounting are projected to increase an average of 8.9% next year, with roles in tax services expected to see an average increase of 8.4% in 2025 and roles in audit and assurance expected to rise by an average of 9.5%, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half.

public accounting 116

public accounting Account accountant accounted 116

AccountingDepartment

OCTOBER 8, 2024

Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.

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91

CPA Practice

OCTOBER 8, 2024

In response to Hurricane Helene’s recent devastation and Hurricane Milton’s impending landfall, Wolters Kluwer Tax & Accounting is highlighting tax relief opportunities available to those affected by natural disasters in 2024. Tax relief options for impacted individuals and businesses could include filing and payment deadline extensions, casualty loss deductions, and penalty-free access to retirement funds.

South Carolina 116

South Carolina North Carolina Tax tax return 116

Accounting Today

OCTOBER 8, 2024

The top workplaces in accounting for women know that their female talent need options

Account 120

Account accountant accounted 120

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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.

CPA Practice

OCTOBER 8, 2024

The Deloitte Global Boardroom Program surveyed 468 board members and C-suite executives in 57 countries from May to July 2024. Some respondents may serve at multiple organizations as both executives and board members. Why this matters Although enterprise investment in AI is increasing globally, many boards are still getting up to speed and are unsure how to govern its use.

Education 110

Education Government audit 110

Accounting Today

OCTOBER 8, 2024

Our annual ranking of the most female-friendly workplaces in accounting.

Account 128

Account accountant accounted 128

CPA Practice

OCTOBER 8, 2024

The Treasury Department and the IRS issued guidance on Oct. 3 that addresses long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. In addition, Treasury and the IRS announced a delayed applicability date for related final 401(k) regulations. 403(b) plans are similar to 401(k) plans but are generally for employees of charities and public schools.

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96

Accounting Today

OCTOBER 8, 2024

Whether it's the toxic client you can't afford to lose, the partner who refuses to align with the firm's vision and values, or the superstar employee who won't cooperate, high-stakes scenarios inevitably have a negative impact on the firm.

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70

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

Going Concern

OCTOBER 8, 2024

Sponsored by Govee. Not really. Deloitte has added Greenhouse #6 to its stable of Greenhouses across the US in San Francisco, New York, Washington, Houston, Deloitte University in Westlake, TX, and now Chicago. What are Greenhouses? “Deloitte Greenhouses are cutting-edge physical spaces located around the world designed to help clients tackle their complex problems,” says Deloitte.

Washington 62

Washington New York 62

Accounting Today

OCTOBER 8, 2024

Creating unique, clear and meaningful names for your offerings sets your firm apart from competitors and communicates value more effectively to clients.

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67

CPA Practice

OCTOBER 8, 2024

Lane Gillespie Bankrate.com (TNS) American culture changes at a breakneck pace — just ask fans of Stanley cups and skinny jeans in 2024. But over the past decades, one mantra hasn’t changed much: Don’t talk about your personal finances. Today, money is such an awkward topic that only 38% of U.S. adults feel comfortable discussing their bank account balances with family and close friends, according to Bankrate’s new Financial Taboos Survey.

accounting and finance 59

accounting and finance Finance Account accountant 59

Accounting Today

OCTOBER 8, 2024

W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.

CPA 67

CPA Tax tax preparation cpas 67

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Account

Insightful Accountant

OCTOBER 8, 2024

Each of the Acumatica Editions were included in the 2024 R2 update release. This article discusses various enhancements to the Construction Edition. Future Insightful Accountant articles will cover other Acumatica Edition articles.

Construction 52

Construction Account accountant accounted 52

CPA Practice

OCTOBER 8, 2024

The Association of International Certified Professional Accountants has sent comments to the Organisation for Economic Co-operation and Development (OECD) Center for Tax Policy and Administration requesting clarification on the Transitional Country-by-Country Reporting (CbCR) Safe Harbour for non-implementing jurisdictions in 2024 under Global Anti-Base Erosion Model rules (GloBE), also known as Pillar Two.

Non-Profits 52

Non-Profits Tax Account accountant 52

Withum

OCTOBER 8, 2024

On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule aimed at combating illicit finance and addressing national security threats in the investment adviser sector. Key Elements Expansion of the “Financial Institution” Definition Investment advisers, including both registered and exempt reporting advisers, are now classified as financial institutions under the Bank Secrecy Act.

Finance 52

Finance Government CPA 52

DMCL

OCTOBER 8, 2024

As DMCL continues to grow and evolve, we’re proud to recognize the outstanding contributions of our team members who’ve gone above and beyond this year. At DMCL, our success is driven by the innovation, dedication, and expertise of our people, and today, we’re excited to announce the promotion of several exceptional individuals. Their commitment to excellence and fresh perspectives have been instrumental in helping us navigate challenges and strengthen our standing as a leading accounting

accounting firms 52

accounting firms Account accountant accounted 52

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Withum

OCTOBER 8, 2024

Withum was excited to participate in the 2024 Private Funds CFO Fees & Expenses Survey, which has been conducted biennially since 2014. As Withum partner Colleen Fay highlights, fee flexibility has become a focal point for private equity funds, which are increasingly adapting to management fee models in six distinct ways. The Private Funds CFO Fees & Expenses Survey has once again captured the latest evolutions in one of the most sensitive areas of fund negotiations.

Government 52

Government Tax Account accountant 52

Insightful Accountant

OCTOBER 8, 2024

As artificial intelligence (AI) and machine learning (ML) continue to revolutionize industries, tax preparers face new challenges in navigating the complex landscape of research and development (R&D) tax credits for their clients.

Tax 52

Tax tax preparation 52

Anders CPA

OCTOBER 8, 2024

As businesses grow, so do their IT needs. Managing these needs internally can become overwhelming, particularly for small to mid-sized companies that may not have the resources to support a full-scale IT department. Co-managed IT services offer a flexible solution that allows businesses to partner with a technology provider to supplement your current team.

CPA 52

CPA 52

Accounting Insight

OCTOBER 8, 2024

One of the UK’s favourite visitor attractions has chosen the award-winning accounting software system, iplicit , as the platform to handle its finances. Beaulieu Enterprises Ltd operates Beaulieu, which is home to the world-famous National Motor Museum featuring a collection of more than 280 vehicles, from Land Speed Record breakers to oddities such as a giant orange on wheels.

accounting software 52

accounting software Account accountant accounted 52

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

FraudFiles

OCTOBER 8, 2024

Employees in positions of power have greater opportunities to commit and conceal financial statement fraud. Tracy explains how and why this is the case in the video below.

financial statements 52

financial statements 52

Accounting Insight

OCTOBER 8, 2024

With texting, instant messaging, voice-to-text and emailing becoming increasingly popular forms of communication, a new survey from Moneypenny, the global leader in outsourced communication, reveals how errors can result in misunderstandings and potentially embarrassing consequences. The survey of 2,000 adults nationwide found that younger generations are most likely to experience misunderstandings, or to make errors on text messages or emails: 41% of Gen Z (under 25 years) and 33% of Millennial

Maine 52

Maine Account accountant accounted 52

Insightful Accountant

OCTOBER 8, 2024

Quadient took the spotlight at the Future Forward App Academy, showcasing their award-winning AP (Accounts Payable) and AR (Accounts Receivable) automation solutions.

accounts payable 52

accounts payable Account accountant accounted 52

Mark Lee

OCTOBER 8, 2024

Some accountants have all the leads and new business enquiries they can handle, want or need. Others want more business and I regularly see questions from such accountants on facebook and other online platforms. They want to know what works best (for others) so they can decide where to invest their time, effort and maybe even some money., Some of the accountants I work with also ask similar questions and, in response, I always make two key observations: 1 – What works best for someone else

Transportation 52

Transportation Account accountant accounted 52

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

payroll