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 111

accounting firms Hospitality accountant Account 111

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

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.

Account

CPA Practice

OCTOBER 8, 2024

As the rapid adoption of artificial intelligence (AI) transforms industries, organizations are becoming increasingly aware of the elevated risks it brings—particularly in the areas of cybersecurity and data privacy. The 12th Annual Global Technology Audit Risks Survey by Protiviti and The Institute of Internal Auditors (IIA) highlights how AI is reshaping the perception of existing risks, with 59% of IT audit leaders identifying AI as a significant threat over the next two to three years.

audit 136

audit auditor Government Finance 136

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 135

auditor audit 135

Accounting Today

OCTOBER 8, 2024

Proposals on the Corporate Alternative Minimum Tax and Alternative Fuel Vehicle Refueling Property Credit lead the wave of legislative and procedure changes out of the Internal Revenue Service last month.

Tax 128

Tax 128

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 accountant Account 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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89

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

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.

Account

Accounting Today

OCTOBER 8, 2024

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

accountant 124

accountant Account accounted 124

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.

accountant 131

accountant Account accounted 131

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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98

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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.

financial statements

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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75

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 65

Washington New York 65

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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72

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 accountant Account 59

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

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 72

CPA Tax tax preparation cpas 72

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 accountant Account 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 accountant Account 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

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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.

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 accountant Account accounted 52

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 accountant Account 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

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

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 accountant Account 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 accountant Account accounted 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 accountant Account accounted 52

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

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