Acterys

OCTOBER 23, 2024

We’ve all heard the common reasons people stick with Excel: it’s easy to implement, easy to use, and, most appealingly, easy on the budget. However, these reasons only scratch the surface of why Excel remains the go-to tool for many organizations, despite more robust software alternatives. In fact, 32.8% of respondents in our 2024 FP&A Snapshot Survey said they still relied on Excel, even when using BI tools, FP&A software, or ERP systems.

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Sales 130

CPA Practice

OCTOBER 23, 2024

In a post on Reddit nine days ago entitled, “I got fired with no severance from big 4,” someone wrote, “I got fired. It was because I was doing a separate online course during a in class training that wasn’t even applicable to my sector so I’m not getting severance. “Any advice on what to do next and how to find job listings would be great,” the post continued.

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auditor public accounting Education accounting firms 116

Accounting Today

OCTOBER 23, 2024

The Public Company Accounting Oversight Board posted a practice aid, comparison document and webinar related to the implementation of QC 1000.

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Account accounted accountant audit 121

CPA Practice

OCTOBER 23, 2024

The Department of the Treasury and the Internal Revenue Service announced on Oct. 22 that tax-exempt organizations have been granted a filing exception when it comes to Form 4626, Alternative Minimum Tax – Corporations PDF , for tax year 2023. The Inflation Reduction Act of 2022 created an alternative minimum tax for corporations – a 15% minimum tax on the adjusted financial statement income (AFSI) of corporations that have average annual AFSI greater than $1 billion, beginning in 2023.

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Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

payroll

Accounting Today

OCTOBER 23, 2024

The global professional services firm founded by a group of former Arthur Andersen partners has attracted influential economists to its advisory board.

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CPA Practice

OCTOBER 23, 2024

Are human resources (HR) teams spending a disproportionate amount of time on administration? That is one of the finding in the 2024 State of Employee Financial Wellness Report from Payroll Integrations. HR managers say they spend 12 hours on average, or more than one-fourth of their week, on payroll and benefit-related administrative tasks–with 27% of them spending 20 hours or more.

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CPA Practice

OCTOBER 23, 2024

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). This simple yet crucial step can provide an added layer of security, helping protect against tax-related identity theft. The IRS encourages taxpayers to sign up for IRS Online Account , which provides a quick and easy way to obtain an IP PIN.

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tax return Tax online accounting tax preparation 105

Accounting Today

OCTOBER 23, 2024

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.

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CPA Practice

OCTOBER 23, 2024

Confidence in the global economy among accountants and finance professionals declined moderately in the third quarter and is now at its lowest since Q4 2023 and slightly below its historical average, according to the latest Global Economic Conditions Survey from the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).

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accounted Account accountant accounting and finance 111

Going Concern

OCTOBER 23, 2024

We recall seeing something on r/Big4 last week about an EY employee — rather, former EY employee — getting canned for overdoing it on the CPE, possibly this one from nine days ago: Posts from the big4 community on Reddit Well now Financial Times is reporting a bunch of people got swept up in a wave of CPE policing centered around their taking multiple courses at the same time during EY Ignite Learning Week in May. “We all work with three monitors.

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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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 23, 2024

Fears about the integrity and reliability of crucial corporate reporting data are weighing on the minds of finance leaders around the world, but hopes are rising that Artificial Intelligence (AI) may offer some much-needed answers, according to the 2024 EY Global Corporate Reporting Survey. The ninth edition of the survey explores the views of more than 2,000 finance leaders and 815 institutional investors around the world on the state of corporate reporting.

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Going Concern

OCTOBER 23, 2024

FT is reporting that a group of advisory underperformers have been axed from the King’s Deloitte , about 250 of them to be exact. There’s apparently been no official announcement or communication to teams, just the unlucky “winners” being quietly swept away one-by-one. There’s not much more to the story, Deloitte didn’t want to comment and they’re leaning on the “performance management processes” as reasoning for why some folks had to go so e

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CPA Practice

OCTOBER 23, 2024

Small and midsized businesses are facing growing staffing challenges, as rising business costs and economic conditions are prompting potential layoffs, according to the Fall 2024 Main Street Index from top 15 accounting firm CBIZ. Fifty-one percent of SMB owners surveyed say they are evaluating or changing current staff levels and outsourced partners to prepare for a potential economic downturn.

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Accounting Today

OCTOBER 23, 2024

Explore lessons that accountants can learn from vendors with a focus on one of the most pressing challenges in the profession: talent management.

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accounting firms Technology accounted Account 72

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

CPA Practice

OCTOBER 23, 2024

Data released by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, according to National Retail Federation chief cconomist Jack Kleinhenz. “While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value,” Kleinhenz said.

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Sales Retail payroll 81

Accounting Today

OCTOBER 23, 2024

Companies often face the tricky task of producing privileged and confidential information to their independent auditors for audit purposes.

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auditor audit 72

Withum

OCTOBER 23, 2024

In the fast-changing business environment of today, automation is essential for boosting efficiency and productivity. The integration of Microsoft 365 Copilot (referred to as Copilot for business in this article) into Power Automate is transforming how businesses handle automation by making the creation of automated workflows easier and more effective.

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Technology 59

Accounting Today

OCTOBER 23, 2024

Audit, risk and compliance platform AuditBoard announced the addition of three new AI-driven automation and analysis capacities to its platform.

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Advertisement

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

CPA Practice

OCTOBER 23, 2024

The Public Company Accounting Oversight Board (PCAOB) posted three new resources on Oct. 23 related to the implementation of QC 1000, A Firm’s System of Quality Control , a new standard the board approved this past May. Before the new standard was adopted by the board, the quality control rules on the books were developed and issued by the AICPA before the PCAOB was established in 2002.

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auditor audit financial statements accounting firms 59

Accounting Today

OCTOBER 23, 2024

Wolters Kluwer announced a host of integrations and improvements in tax, practice management and audit for its CCH Axcess product.

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audit Tax Account accounted 69

Ryan Lazanis

OCTOBER 23, 2024

Running a firm can be stressful. Discover my top 8 stress-reduction tips that I used while running my firm and now in my current business. The post My 8 Best Tips to Reduce Stress in Your Firm appeared first on Future Firm.

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Summit CPA

OCTOBER 23, 2024

Creative Agency Success Show Podcast Episode 134 In this episode of the Creative Agency Success Show, hosts Jamie and Tom revisit a 2019 discussion about a client experiencing significant growth. They explore how the client navigated the pandemic's challenges, emphasizing the importance of dynamic forecasting over static budgeting. The conversation highlights the client's journey from $10 million in 2019 to $22 million in 2023, the shift to centralized decision-making, and the adoption of new sa

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Sales 52

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

CPA Practice

OCTOBER 23, 2024

Tax technology company Blue J announced on Oct. 22 an enterprise agreement with top 15 accounting firm Crowe in which Crowe will use Blue J’s flagship ​generative artificial intelligence ​product, Ask Blue J, to augment the firm’s current GenAI tools, bolstering both practitioner education and client outcomes. “After an extensive evaluation of tax-focused service providers, Crowe selected Ask Blue J, which accelerates the adoption of generative AI for tax through an extensive curated database of

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tax services Tax Education accounting firms 52

Withum

OCTOBER 23, 2024

Managing a real estate portfolio involves a plethora of expenses, some of which are uncontrollable. These costs—such as property taxes, insurance premiums, utilities and debt—are essential for conducting business but are beyond the direct control of property owners or managers. While these costs cannot be directly controlled, there are strategic ways to manage their financial impact.

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CPA Practice

OCTOBER 23, 2024

Global professional services firm Andersen is launching the Andersen Institute for Finance and Economics under the leadership of Fabio Natalucci to focus on key global trends affecting the world economy, financial markets, and business decisions. Natalucci, a highly-regarded expert in global financial markets and macroeconomic policy, brings a wealth of experience from his tenure at the International Monetary Fund (IMF), where he served as Deputy Director of the Monetary and Capital Markets Dep

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ThomsonReuters

OCTOBER 23, 2024

The role of IT is to support and maintain the systems that businesses use to calculate and manage indirect taxes (DT), ensuring that these systems are updated to reflect changing tax laws and regulations. With frequent changes in indirect tax laws, IT teams face the added challenge of continuously updating systems to ensure compliance. They have to quickly respond to requests for tax data while also maintaining security, protecting sensitive financial information, and ensuring that all IDT syste

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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.

CPA Practice

OCTOBER 23, 2024

Intuit says it recognizes the talent pipeline shortage continues to be a hurdle for the accounting industry. To help firms attract and retain valuable employees, it is updating the QuickBooks ProAdvisor Program with the launch of the ProAdvisor Academy, a new training and certification experience designed to help grow the accounting profession as a whole and provide ProAdvisors and their teams with a deeper focus on education and resources to grow in their roles.

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ThomsonReuters

OCTOBER 23, 2024

Jump to ↓ The strategic role of tax technology Budget disparities and satisfaction levels The rise of Generative AI (GenAI) Key findings at a glance The future trends of tax technology Strategic takeaways and future directions The tax and accounting landscape is undergoing a seismic shift, driven by rapid technological advancements. The inaugural Tax Firm Technology Report by the Thomson Reuters Institute sheds light on the current state of technology adoption, challenges, and future expectation

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Technology Tax tax return Account 52

CPA Practice

OCTOBER 23, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has announced its collection of AI offerings now empowers teams to further automate core, time-consuming workflows and better stay ahead of proliferating risks. AuditBoard and Ascend2 Research recently conducted a survey finding 89 percent of organizations plan to use AI but face challenges like data privacy concerns and high costs, showcasing the balancing act organizations must perform to leverage th

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audit 52

Shay CPA

OCTOBER 23, 2024

As your startup grows, offering a solid benefits package helps you attract and retain the right talent. In our modern age, most employees expect their employer to provide health insurance for them. That means that even if you’re not legally required to offer this type of insurance, doing so might help you build the best team possible. If you do opt to offer health insurance as part of your benefits package, you might be required to offer an open enrollment period.

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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.