Tue.Mar 19, 2024

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Accounting’s 10 Most In-Demand Skills For 2024, According to Upwork

CPA Practice

Freelance talent platform Upwork has conducted a study that reveals which types of skills are most important to accounting firms and corporate accounting departments when adding new employees to their rosters this year. “For the workforce, it is absolutely essential to understand what skills are most in demand in order to stay ahead and generate value, both for organizations and themselves,” Upwork said in the study.

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Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment

BurklandAssociates

Even at the earliest stages, startups need to ensure their business models drive an appropriate balance of revenue growth and profitability. The post Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment appeared first on Burkland.

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IRS needs to plan better for modernization funding

Accounting Today

The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.

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Anders Ranks #74 on Accounting Today’s Top 100 Firms List

Anders CPA

Anders is proud to be recognized as one of Accounting Today’s Top 100 Firms for the fourth year in a row. After breaking into the Top 100 Firms in 2021, Anders has moved up the list to #74 for 2024. The firm is also recognized on the Regional Leaders list, ranking third on the list of firms headquartered in the Midwest. In 2023, Anders focused on organic growth with strategic efforts around advisory services, opening a second office location in Chesterfield, MO and hiring the firm’s first Chief

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Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

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Navigating tax season amid the accounting attrition crisis

Accounting Today

with tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.

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How to Get Laid-Off?

Going Concern

While thousands of Big 4 grunts wake up every day filled with anxiety at the possibility of an unexpected manager meeting showing up on their calendar, you have people like this. This kid is going places in life. I mean…phone it in hard enough and you should be good right? The post How to Get Laid-Off? appeared first on Going Concern.

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Your Tax Guide to Professional Gaming

Withum

In 2024, professional gaming and streaming is a lucrative path for those with the skills and charisma to hold a crowd. The Esports scene has been gaining a lot of attention in recent years, growing at least 10% every year since 2020. Twitch, one of the premiere streaming platforms, allows streamers to earn money in various ways, one of them being viewership.

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Tax scandal 'mastermind' says he did nothing wrong

Accounting Today

A British hedge fund trader said in court that he and his team did nothing illegal when receiving more than $1.3 billion in dividend tax refunds.

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Reminder: May 31, 2024 Sunset of QuickBooks Desktop 2021

Insightful Accountant

Sunsets are not always as beautiful as the one depicted. and so it may be for many who are using QuickBooks Desktop 2021 products when those products 'sunset' on May 31, 2024.

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M&A yields major gains in SEC clients in Q4

Accounting Today

GreenGrowth CPAs dominated the league tables in the last quarter of 2024, adding 30 new clients through two acquisitions.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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How AI Innovation Tools Are Revolutionizing Consumer-Centric Solutions

Cherry Bekaert

Staying ahead of consumer demands is not just a “nice-to-have” advantage but a necessity for businesses to survive. At Cherry Bekaert, we specialize in leveraging the power of artificial intelligence (AI) to revolutionize our clients’ research and development (R&D) and go-to-market strategies. This integration of AI not only expedites the discovery process but also helps certify that products and services do more than meet consumer needs.

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Tax season so far: By the numbers

Accounting Today

While tax season started seven days later this year, taxpayers are getting their returns into the IRS earlier, according to the latest statistics.

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Marketing by Numbers Joins Forces with CPAmerica for Accounting Marketing

CPA Practice

CPAmerica, Inc. has announced its latest partnership with Marketing by Numbers , welcoming them as a new preferred provider for the association. Marketing by Numbers’ platform will enable member firms to harness AI and expertly prepared articles to easily craft thought leadership content and communicate it through email and social media. Since 2018, Marketing by Numbers has assisted accounting firms of all sizes in streamlining their marketing processes and driving revenue growth.

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How the AI revolution is ushering in a capacity revolution

Accounting Today

Artificial intelligence will redefine our thinking around capacity and talent management.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

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Why Sage Intacct Dynamic Allocations Is A Gamechanger

GrowthForceBlog

6 min read The ability to allocate revenue and expenses is essential to determining the performance of various segments within your business, and this information is vital to running a profitable business. This means not just understanding how much your business spends and earns across the board but also understanding how much it spends and earns as a result of specific projects, products, services, employees, departments, or other critical units.

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PCAOB fines Israeli audit firm $200K

Accounting Today

The Public Company Accounting Oversight Board posted a settled disciplinary order Tuesday sanctioning an Israeli auditor and her firm for violating the PCAOB's rules during several audits, imposing a $200,000 penalty.

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Field Set For 2024 Accountant Bracket Challenge

CPA Practice

Voting is underway for the first round of Accounting High’s 2024 Accountant Bracket Challenge, which includes 72 participants in four regions with Jason Staats/Jason Daily Podcast, Relay, Bridging the Gap Conference, and Keeper as the No. 1 seeds. The eight brackets comprising 64 “teams”—plus a bonus tax bracket of eight challengers—were revealed on March 18.

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Common Budgeting Mistakes to Avoid

Basis 365

Financial planning and management are foundational to enduring success and growth. As businesses evolve, so does the complexity of their financial needs, making it imperative to stay informed and adept at budgeting, accounting, and bookkeeping practices. In this comprehensive guide, we'll navigate through key considerations and common pitfalls in budgeting, identify major financial mistakes to avoid, recommend the best budgeting method, and offer insights into utilizing modern tools over traditi

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

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Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

CPA Practice

By Sean Emery, The Orange County Register (TNS) A former Orange County tax preparer convicted of carrying out a tax fraud in which prosecutors say he attempted to claim more than $10 million from the IRS and numerous state tax authorities was sentenced on March 18 to 10 years in federal prison. Stephen Jake McGonigle, 66, of Victorville, CA, was also ordered by U.S.

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Meet the Brand: Inflo

Accounting Insight

Introducing Inflo, who have been leading accounting firms’ evolution by modernising audit practices. Learn more about them, from how they started to what they’ve got in store for Accountex… What does Inflo do? Inflo is at the forefront of transforming the auditing profession. Our innovative cloud-based audit management platform is trusted by many of the world’s largest firms and global networks, offering a fully end-to-end, scalable, digital solution.

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NFL Doles Out Draft Punishment to 49ers For Payroll Accounting Errors

CPA Practice

By Jerry McDonald, Bay Area News Group (TNS) The San Francisco 49ers will pick a little later in the fourth round this year and will forfeit a fifth-round selection in the 2025 NFL Draft after being penalized by the NFL for payroll accounting errors at the close of the 2022 league year. The punishment amounts to a slap on the wrist for this year’s draft from April 25-27 in Detroit.

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Evergrande's alleged $78B fraud is among biggest ever

Accounting Today

The Chinese real estate company's revenue overstatement dwarfs that of Luckin Coffee Inc. and Enron Corp., dealing a blow to the reputation of its former auditor PricewaterhouseCoopers and the country's financial oversight.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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From Ballroom to Business: Choreographing Experiences for Success

Summit CPA

Michael Johnson emphasizes the importance of choreography in business, particularly in creating memorable experiences for customers and team members.

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In the blogs: Fiscal realities

Accounting Today

Next stop, more billions; misaimed mansion tax; auditing's future; and other highlights from our favorite tax bloggers.

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Case Study: Strengthening the Internal Controls of a Labor Union

Withum

Download a PDF of this case study. Executive Summary The Labor Union faced various material weaknesses in their financial processes, including bank reconciliations, payroll documentation, and other significant deficiencies. Withum’s approach involved working with the Labor Union’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls.

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Inspiring Bookkeeping Journey and Business Strategies Revealed! | Serah Blackstone-Fredericks

Insightful Accountant

On this episode of Accounting Insiders, Serah Blackstone-Fredericks shares her journey into bookkeeping, initially aiding a friend with legal paperwork and later managing an office before establishing her bookkeeping business.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Tax Filing Tips for Life’s Biggest Milestones

CPA Practice

By Jamie Scott, Partner at The Bonadio Group. Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. Not educating yourself on what these major life events mean for your taxes in the upcoming year can have consequences in the form of leaving sizable credits on the table or filing incorrectly.

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Today's QB Talks is all about Revenue Recognition

Insightful Accountant

You won't want to miss today's QB Talks at 2:00 PM Eastern when Alicia Katz Pollock will cover the Revenue Recognition/Deferred Revenue feature in QBO Advanced.

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Cybersecurity for Startups and Emerging Growth Companies: Why You Don’t Have To Do It All at Once

Withum

Cyberattacks today only continue to grow and as a result, cybersecurity has become a critical concern for businesses of all sizes. But, for small and growing organizations, the challenge lies in balancing the need for robust security measures with the allocation of limited capital toward necessary growth activities like product development, sales and marketing.

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Challenging sales tax audits: How to contest and defend your position

ThomsonReuters

Jump to: When should you contest an audit? How should you prepare for an audit defense? How can automation help in an audit defense? What if a sales tax audit needs to be appealed? What happens after the audit, win or lose Sales tax audits may be an unfortunate fact of corporate life, but not all audits are the same. After a sales tax audit is completed and a company is finally delivered a notice of proposed assessment by the state, the company must decide one of two things: whether to contest t

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.