CPA Practice

NOVEMBER 22, 2024

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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Randal DeHart

NOVEMBER 22, 2024

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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CPA Practice

NOVEMBER 22, 2024

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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Accounting Today

NOVEMBER 22, 2024

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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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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CPA Practice

NOVEMBER 22, 2024

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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Accounting Today

NOVEMBER 22, 2024

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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Insightful Accountant

NOVEMBER 22, 2024

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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CPA Practice

NOVEMBER 22, 2024

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

NOVEMBER 22, 2024

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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FraudFiles

NOVEMBER 22, 2024

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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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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Accounting Today

NOVEMBER 22, 2024

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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CPA Practice

NOVEMBER 22, 2024

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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Accounting Today

NOVEMBER 22, 2024

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

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Going Concern

NOVEMBER 22, 2024

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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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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Accounting Today

NOVEMBER 22, 2024

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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ThomsonReuters

NOVEMBER 22, 2024

← 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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Accounting Today

NOVEMBER 22, 2024

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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CPA Practice

NOVEMBER 22, 2024

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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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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Accounting Today

NOVEMBER 22, 2024

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

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CPA Practice

NOVEMBER 22, 2024

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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Accounting Today

NOVEMBER 22, 2024

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

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Accounting Today

NOVEMBER 22, 2024

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

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Accounting Today

NOVEMBER 22, 2024

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

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Accounting Today

NOVEMBER 22, 2024

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

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