Fri.Nov 22, 2024

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State Societies in Action: Wisconsin Institute of CPAs

CPA Practice

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. The Wisconsin Institute of Certified Public Accountants was founded in 1905 and has continued to represent CPAs, accounting, and business professionals, promoting the value of members and the accounting profession.

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The Real Cost Of Bad Construction Client Service

Randal DeHart

Have you ever paused to consider the real impact of your business's customer experience? Is it lifting your brand or dragging it down, along with your team's morale? Today's consumers expect nothing short of excellence, so understanding the consequences of poor customer service is vital. So, what does poor customer service cost you? Let's delve into the details—they might change your perspective.

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Professionals on the Move – Nov. 2024

CPA Practice

Professionals on the Move is a round-up of recent promotions and hiring announcements from around the profession. CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

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Withum Expands South Florida Presence With New Larger Boca Raton Office

Withum

Withum is proud to announce the grand opening of its new larger office in Boca Raton, Florida , located at One Boca Place, 2255 Glades Road. This expansion further solidifies Withum’s growing presence in the Sunshine State, complementing its established offices in Orlando and other key regions nationwide. The subject matter experts based in the Boca Raton office (all local residents), provide comprehensive services to high-net-worth individuals , family offices , businesses , and non-profi

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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The Tax Blotter – Nov. 2024

CPA Practice

The Tax Blotter is a selection of briefs on the latest tax legislation and Tax Court rulings. The IRS has announced its annual inflation adjustments for qualified retirement plans and IRAs for 2025 in conjunction with recent tax law changes. Salt away more in 401(k)s. The limit on employee deferrals to 401(k) plans, the most popular type of employer-provided qualified retirement plan in the land, is increasing from $23,000 in $2024 to $23,500 in 2025.

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Board members need more audit and finance skills

Accounting Today

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

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More Trending

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AICPA wary of new PCAOB firm metrics standard

Accounting Today

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.

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Holistic Hiring: Closing the Gaps in Your Recruitment Strategy

Insightful Accountant

You can earn CPE Credits while you learn from Michelle LeBlanc and Keely Collins Pate about how recruiting top talent in finance and tax is more competitive than ever. This webinar explores how to approach hiring holistically.

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Tech news: Intuit announces Intuit Assist for QuickBooks

Accounting Today

Plus, Deloitte releases four new accelerators on Workiva marketplace; KPMG invests $100 million in Google Cloud Alliance; and other accounting tech news.

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Internal Controls Are Useless If Management Can Easily Override Them

FraudFiles

Some companies think they are protected against employee fraud because they have strong internal controls. Often, that’s the case. Good controls mean the rules are followed and the money is properly accounted for. Sometimes, however, good controls are meaningless. What about the controls over the controls? All the rules and designated procedures in the world [.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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GASB aims to align with Financial Data Transparency Act

Accounting Today

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

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Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review Blue J , a generative AI platform for tax experts. With Blue J, professionals can complete hours of tax research in seconds. Blue J instantly delivers verifiable tax answers and drafts high-quality communications, so you can focus on creating exceptional client experiences. Watch the video, or listen to the audio podcast below (transcript below): – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated tra

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Tax Fraud Blotter: Partners in crime

Accounting Today

Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.

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LinkedIn + AI = A Recipe for Prospecting Success for Accounting Firms

CPA Practice

If you aim to increase clients in a geographic area, industry, or service line, sales prospecting should be part of your strategy. By combining AI with LinkedIn, you can streamline sales prospecting, reach the right people, and ultimately build a more efficient pipeline for your accounting firm’s growth. Here’s how. 5 Advantages Using AI and LinkedIn for sales prospecting can offer you several advantages, making the process more efficient and targeted, including: Improved Targeting and Lead Qual

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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ACFE marks International Fraud Awareness Week

Accounting Today

More than 1,400 organizations across the world are educating their communities about the threat of fraud and scams and how to stay safe.

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3 Reasons to Involve Your Children in Small Business Saturday

CPA Practice

By Elizabeth Ayoola/NerdWallet Paradise Post, Paradise, Calif. (TNS) The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Kids are often pretty good at being consumers.

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On the move: KSM hired director of IT operations

Accounting Today

Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Moss Adams release surveys; and more news from across the profession.

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Friday Footnotes: PCAOB Demands More Tedious Paperwork From Firms; PwC Partners Retire Early; KPMG Redeems Itself? | 11.22.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Tax scheme star witness clams up at his own €428M trial

Accounting Today

Kai-Uwe Steck, who spilled the beans to German prosecutors and TV viewers about the Cum-Ex scandal, turned silent at a trial into his own alleged role.

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Legal challenges continue against DOL’s minimum salary threshold for overtime regulations

ThomsonReuters

← Blog home Another legal challenge against the U.S. Department of Labor’s (DOL) minimum salary threshold for Fair Labor Standards Act (FSLA) overtime regulations continues in the wake of the November 15 ruling from a Texas federal court judge that vacated the DOL’s July 2024 rule , reverting the threshold back to a rule from five years ago.

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UPS hit with $45M penalty by SEC over improper valuation

Accounting Today

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

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Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department

CPA Practice

On Friday, President-elect Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump’s first administration, and a major campaign fundraiser and donor. Bessent was backed by several people on Wall Street and in Trump’s influence circle, including former NEC director Larry Kudlow, long-time adviser Steve Bannon, and Kyle Bass, the head of Hayman Capital Management.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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Intuit falls after giving tepid outlook despite new AI tools

Accounting Today

The financial software company is working on implementing artificial intelligence features through its applications including tax preparation program TurboTax.

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Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit

CPA Practice

By Zachary Hansen The Atlanta Journal-Constitution (TNS) LOS ANGELES — A top executive at Hyundai Motor Group said the electric vehicle market in the U.S. remains attractive even if the forthcoming Trump administration rolls back federal programs designed to juice EV sales. “We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday at the Los Angeles Auto Show after unveiling a new electric SUV slated to be built at the company’s

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Billionaire Ken Griffin says he's wary of Trump's tax-cut and tariff agenda

Accounting Today

He believes Republicans should be mindful of the effect of tax cuts on the growing national debt.

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