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In today’s competitive audit landscape, organizations must stay ahead of the curve to ensure they have the best audit staff in their workforce. To do this, it is essential to have a comprehensive recruitment and retention plan that incorporates key strategies such as technology, data analytics, and fostering an engaging work environment. These strategies help companies make informed decisions about their recruitment and retention processes by optimizing their recruitment process with techn
Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining. Let’s go! Table of Contents What are Accounting Forums?
Calculating a return on investment for new software purchases is a good way to make decisions about where to spend your time and capital. It quantifies the benefits resulting from the software’s use and can therefore serve as a metric to compare the relative value of different projects. To use it for comparison purposes, however, requires consistency of measurement across solutions, even when measurement can be difficult.
Managing your finances as a business owner involves the challenge of determining your own compensation. Balancing personal expenses with the need to reinvest in your business requires careful consideration. Outsourced accounting can be a valuable resource in this regard. How to pay yourself as a small business owner When it comes to paying yourself as a business owner, several factors come into play.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Roz Strategies CEO Michael Rozbruch steps into the tax preparation space with some timely tips on why it might be time to get paid more for what you do.
Architectural and engineering firms engaged in contracts that call for billing based upon an overhead rate are challenged to find balance between an optimal and competitive overhead rate. Since the overhead rate has a direct effect on the consultant’s profit margin, an ample overhead rate is essential. In order to ensure your firm is calculating an optimal overhead rate, there are several areas to consider.
As you likely know, the landscape is evolving around accounting and assurance standards. In recent years, there’s been an increased regulatory focus and the accounting industry as a whole is being held to a higher standard. At DMCL, we’re regulated by three oversight bodies: CPABC – CPABC is the Chartered Professional Accountants of British Columbia.
As you likely know, the landscape is evolving around accounting and assurance standards. In recent years, there’s been an increased regulatory focus and the accounting industry as a whole is being held to a higher standard. At DMCL, we’re regulated by three oversight bodies: CPABC – CPABC is the Chartered Professional Accountants of British Columbia.
Internal audits are critical to a company’s organizational processes and are typically a mandatory annual requirement. These audits serve to independently review the internal processes and controls within a company. They also ensure the company’s books and financial systems are managed seamlessly. Additionally, internal audits help identify potential control gaps within these areas and recommend the proper solutions for addressing them.
You can use your potential as a CEO Whisperer to offer differentiated advisory services. In Part 1 of G76's Peter Mares' four-part series, learn how to elevate your services from rules-based to value-based advisory. Sign up for the webinar, too.
Yep, it’s that time of year again – 1 July 2023 is looming, and you need to get your ducks in a row. You not only have to be ready for the new financial year, but you should also be tying up the previous year by ticking off some tasks that tend to fall by the wayside. That’s right – it’s time to spring-clean your small business financials! Basic EOFY checklist First up, there are some basic compliance must-dos you’ll need to take care of.
TaxConnex ® is excited to announce the launch of a new client portal, Client Connexion. Client Connexion will provide a streamlined client experience and enhanced data security through an intuitive user interface and encrypted portal. Clients will be given individual logins to provide their data, review their cash requests, pull reports, and tax returns, and view historical data, thus removing some of the manual processes clients and practitioners navigated through previously.
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
I have to start by stating that this “Final Notice notice of intent to levy and notice of your rights to a hearing, please respond immediately” is one of the most important and urgent IRS notice a taxpayer may receive, and although it is so important as it would lead to levying your bank accounts, paychecks etc., many taxpayers unintentionally ignore it.
The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the 12th annual ‘Most Powerful Women in Accounting’ awards, which recognize leaders for their significant contributions to the profession. The 2023 awards were presented at a ceremony at Dolby Live Stage at the Park MGM Casino during the AICPA ENGAGE conference in Las Vegas on June 6, 2023.
M&A resources to help your startup secure the best deal, negotiate favorable terms, and mitigate potential risks. The post M&A Resources for Startups appeared first on Burkland.
It’s gonna be a lame summer for EY interns as the firm has trimmed internships down to six weeks and is withholding both Disney AND intern gifts. When it happened in winter, interns were apparently told it was “ because of budgeting due to the potential split.” Now that the Project Everest split is a no-go it’s “supply chain issues” and someone isn’t happy.
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.
~ “Trying to stop … generative AI is like trying to stop the calculator.” ~ “It’s here, it’s going to be complex socially, and I’m worried about the next election cycle.” ~ “The deep fake AI videos and audio are the most concerning.” ~ These functions “will lead to elder abuse in the form of getting scammed by con artists.” [These are quotes from several attendees of the 2023 Accounting Think Tank.
If your inbox is anything like ours right now, emails spruiking EOFY discounts, mid-year promotions and stocktake clearances are piling up by the dozen. And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end.
A quickie from Sydney Morning Herald on yesterday’s Senate committee hearing in which KPMG Australia CEO Andrew Yates took the opportunity to throw some barbs at PwC while he has the chance: KPMG boss Andrew Yates publicly rebuked PwC for the tax scandal that is impacting the entire multibillion-dollar financial consulting industry while apologising for his firm’s own failings, which include 1000 staff cheating on an exam about acting with integrity in their work.
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?
Rewind, the No. 1 rated commercially-available backup app for QuickBooks Online, has just introduced a new bulk linking feature, which makes it easier than ever for ProAdvisors to protect their clients' data.
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.
Authors: Graham Michitsch , Senior Manager, Risk & Accounting Advisory Services | Louis Liu , Manager, Risk & Accounting Advisory Services Digital assets and the underlying technology have taken the marketplace by storm in recent years and accountants are not immune. Whether implementing for increased efficiency, new product or service offerings, added security measures or supporting new business models, it is quickly becoming vital that the accountants understand the importance, impact
For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to “ create a buzz around returning to the office ,” luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after the pandemic began, the firm also came up with “The Deal,” an ominously-named framework built on ‘Empowered Flexibility’ that trades leaving early on Fridays in the summer i
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See how the First Real-Time Payments only solution empowers US businesses to get paid up to three days faster, while saving money on processing fees and streamlining workflows with automatic payment reconciliation.
As the AICPA & CIMA hosted its annual Engage Conference in Las Vegas this week, it also broadcast its 100th AICPA Town Hall live from the Dolby Stage before more than 1,000 live attendees, and thousands more watching live online. Hosted by CPA.com CEO Erik Asgeirsson, the CPE-eligible live broadcast Town Hall events are 1-hour in duration, and were started at the onset of the COVID-19 pandemic, as a means of keeping professionals up-to-date on key issues, regulatory and legislative activitie
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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. See ya. Dumpster Fires PwC’s head of reputation quits as firm’s horror show continues [ WAtoday ] The public relations department of embattled consulting giant PwC has not been a happy place of late.
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A second large pension fund has severed ties with PwC Australia as a direct result of the leak of confidential tax intel the firm used to sell tax avoidance schemes to certain VIP clients. Australian Retirement Trust is the second largest pension fund in the country and joins largest fund AustralianSuper in breaking up with the most prestigious of Big 4 professional services firms.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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