Summit CPA
MAY 2, 2024
Fractional services are professional services offered on a part-time , for-hire basis. In this article, we are going to focus on fractional services in reference to fractional CFOs (Chief Financial Officer), but it is important to note that there are other forms of fractional services such as Fractional CMOs (Chief Marketing Officer), fractional COOs (Chief Operations Officer), fractional CTOs (Chief Technology Officer), and so on.
Accounting Today
MAY 2, 2024
The Internal Revenue Service released an update of its Strategic Operating Plan, with improvements planned in services and technology for both taxpayers and tax professionals.
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Withum
MAY 2, 2024
In a landmark move, the Drug Enforcement Administration (DEA) announced on April 30, 2024, that it will initiate the process of rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA), effectively recognizing its medical value and opening the door for more research and legal access. The decision comes after years of pressure from advocates, lawmakers, and scientists who have argued that the current classification of cannabis as a highly dangerous, addictiv
Accounting Today
MAY 2, 2024
A set of polls has found that leaders expect that generative AI will lead organizations to actually increase, not decrease, their headcount, at least in the short term.
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.
CPA Practice
MAY 2, 2024
The Internal Revenue Service is reminding taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11. With the tax deadline past and peak periods for disasters approaching, this is an ideal time to review and begin to protect important tax and financial information as part of a disaster emergency plan.
Accounting Today
MAY 2, 2024
The pace of small business job growth slackened in April, but hourly earnings ticked up to 3.34% for the month, ending a nearly two-year slowdown, according to payroll processor Paychex.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MAY 2, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, look at Datamatics , a digital technologies, operations, and experiences company that enables hundreds of global enterprises to go “Deep in Digital” to enhance their productivity and customer experience to create a sustainable competitive advantage. Use the video player below to watch, or the podcast player below to listen to the podcast.- – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcripti
Patriot Software
MAY 2, 2024
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?
CPA Practice
MAY 2, 2024
By Michael Stavola, The Wichita Eagle (TNS) A former Wichita Police Department associate accountant had a first appearance in court this week on charges accusing her of stealing money from the city. Shauna Marie Dickman, who appeared in Sedgwick County District Court on Tuesday morning, has been charged with two counts of felony theft, an April 2 complaint filed by the Sedgwick County District Attorney’s Office shows.
Accounting Today
MAY 2, 2024
The Consolidated Audit Trail is a database, one of the largest ever created, that is set to revolutionize how the agency monitors trading activity and spots potential misconduct.
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.
CPA Practice
MAY 2, 2024
Private sector employment increased by 192,000 jobs in April and annual pay was up 5.0 percent year-over-year, according to the April ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.
Accounting Today
MAY 2, 2024
CFOs need to set clear goals and timelines, explore ownership transfer options and conduct a comprehensive business valuation.
SkagitCountyTaxServices
MAY 2, 2024
Did you know the Financial Crimes Enforcement Network (FinCEN) has a YouTube page ? Guess everyone’s got one these days, huh? I bring this up because, on Tuesday, April 30th, they are hosting a little information-giving session on their channel about Beneficial Ownership Income reporting. I’ve mentioned BOI reporting previously as it’s something all corps and LLCs will need to make sure they are complying with by the end of the year.
Accounting Today
MAY 2, 2024
$300 a scam; dead wrong; permanent problem; and other highlights of recent tax cases.
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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.
Insightful Accountant
MAY 2, 2024
The partnership you need as an agribusiness focused accountant, bookkeeper or ProAdvisor.
Xero
MAY 2, 2024
We are thrilled to announce our UK Xero Award winners for 2024 , recognising the legends of the UK accounting, bookkeeping and app partner community. This year’s celebrations took place for the first time in Manchester at the iconic New Century Hall – a place built for legends. The venue has played host to music legends from Jimi Hendrix and Jerry Lee Lewis, to The Who and The Bee Gees.
CPA Practice
MAY 2, 2024
According to the Paychex Small Business Employment Watch, hourly earnings growth increased slightly to 3.34%, ending a nearly two-year trend of deceleration, and job growth slowed in April. U.S. small businesses with fewer than 50 employees continued to add jobs but at a slower pace with the Small Business Jobs Index standing at 100.12. The growth in weekly hours worked for employees also slowed for the 13th consecutive month, down -0.41% in April.
Accounting Today
MAY 2, 2024
R&D amortization requirements are becoming a major issue for many companies, causing a significant tax burden they may not be able to handle.
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
AccountingDepartment
MAY 2, 2024
Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.
Accounting Today
MAY 2, 2024
EisnerAmper will be adding Edelstein; Simon, Krowitz, Meadows & Bortnick joined Marcum; LMC acquired Vogel; and Crete secured additional funding.
Going Concern
MAY 2, 2024
The Pennsylvania Institute of CPAs (PIPCA) has released a new report called CPA Talent Retention 2024: Keeping Your Best Performers , free to read for PIPCA members but we’ll have to settle for browsing the press release. Their research polled two distinct groups of professionals — entry- and mid-level CPAs nationwide who have left their firm or the profession within the last five years (“Career Changers”) and Pennsylvania CPAs with 3-10 years of experience who are still
Accounting Insight
MAY 2, 2024
Giving businesses more control to design a better future. Castaway Forecasting, the leading provider of business forecasting and modelling solutions, unveils Castaway Cloud, a new and powerful SaaS app designed to revolutionise how businesses manage their performance, planning and decision-making processes. With an array of features tailored to meet the evolving needs of modern business, Castaway Cloud empowers customers to prepare for, and navigate, uncertain times with confidence and agility.
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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.
Going Concern
MAY 2, 2024
Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. FTE Accountant | Candidate ID #16071602 Certifications: NA Education: BA Accounting in progress Experience (years): 7+ years of overall experience Work experience (deta
CPA Practice
MAY 2, 2024
A new survey from RSM US LLP, a provider of assurance, tax and consulting services for the middle market, shows most middle market organizations are adopting AI (78%) and generative AI (77%). However, 54% of those using generative AI find its deployment more challenging than anticipated. A strong majority (89%) of executive respondents to the survey — which targeted businesses with annual revenues of $10 million to $1 billion — report their organizations plan to boost their budgets around AI te
Withum
MAY 2, 2024
On March 19, 2024, Bengaluru, India, played host to the Microsoft AI Partner Training Roadshow. The event was a day-long event held at The Lalit Ashok and was attended by developers, sales and pre-sales professionals, data scientists, and innovative technologists. It was a platform for the “partners” of Microsoft to understand various AI offerings, get Microsoft AI training, hear about Microsoft AI products and learn from their experts about how to integrate these advancements into our customers
LSLCPAs
MAY 2, 2024
Thinking about making the switch from QuickBooks Desktop to QuickBooks Online? Now’s the time to seize the opportunity! Starting July 31, 2024, Intuit will no longer sell subscriptions for the following products: QuickBooks Desktop Pro Plus QuickBooks Desktop Premier Plus QuickBooks Desktop Mac Plus QuickBooks Desktop Enhanced Payroll (No need to worry if you’re already.
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.
Withum
MAY 2, 2024
As artificial intelligence (AI) continues to integrate into legal processes, the idea of utilizing large language models (LLMs) for interpreting contracts is gaining traction. These technologies offer significant potential to streamline and improve the precision of contractual analysis. However, before AI can fully take on this role, several fundamental challenges related to natural language understanding (NLU) and deterministic outputs need to be resolved.
CPA Practice
MAY 2, 2024
By James Halpin, The Citizens’ Voice, Wilkes-Barre, Pa. (TNS) The former financial controller of a Luzerne County HVAC equipment company pleaded guilty to a federal wire fraud charge for embezzling more than $1.5 million over a three-month period last year to support a gambling habit. Lawrence Malachefski, no age given, of Wilkes-Barre, PA, was accused of stealing from the undisclosed company to support his online gambling habit on websites including FanDuel, Barstool Sports, DraftKings and Unib
LSLCPAs
MAY 2, 2024
Preparing reconciliations is an essential function of an accounting department in local government finance departments. Reconciliations not only ensure the account balance in the general ledger is complete, but if done properly, they should also tell you if the account balance is correct. Unfortunately, this last step is often missed. In this article, we will.
CPA Practice
MAY 2, 2024
The Maryland-based accounting firm Simon, Krowitz, Meadows & Bortnick, P.A. (“SKMB”) has joined Marcum LLP, effective May 1, 2024. Established in 1959 and headquartered in Rockville, MD, SKMB has built an outstanding reputation for delivering innovative financial solutions and fostering strong client relationships. The combination brings SKMB’s talented team to Marcum, including two senior advisors and their associates with extensive experience in accounting, assurance, tax services, and bus
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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