Going Concern
JULY 11, 2023
The Wall Street Journal wrote today about recent disclosures made by Advance Auto Parts, Joby Aviation, and Germany’s Evotec that specifically point to a lack of accounting staff as a contributor to or sole factor causing certain material weaknesses. It seems we are entering the “find out” phase of FAFO, the FA being shitty pay (and to a lesser extent, decades of ineffective recruiting strategies).
Accounting Today
JULY 11, 2023
The service and its Security Summit partners revived their summertime campaign to protect confidential client information against identity theft.
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MineralTree
JULY 13, 2023
Accounts payable forecasting is a lot like gazing into a crystal ball — it enables businesses to predict and plan for upcoming financial obligations. By understanding how to forecast accounts payable accurately, organizations gain valuable insights into their data, which in return helps them make smarter financial decisions and avoid unforecasted expenses.
TaxConnex
JULY 13, 2023
As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Here are the back-to-school and clothing holidays that start in August. Iowa , Aug. 4-5: Any article of wearing apparel and typical footwear intended to be worn on or about the human body. “Clothing” does not include watches, watchbands, jewelry, umbrellas, handkerchiefs, sporting equipment, skis, swim fins, roller blades, skates and any special clothing or footwear designed primarily for athletic activity or pro
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.
CPA Practice
JULY 11, 2023
Overworked and under pressure, today’s accounting professionals face the harsh reality of time starvation. With a significant portion of their time taken up by workplace inefficiencies , strategic planning often falls by the wayside. Consequently, the ability to develop innovative solutions and implement growth strategies is compromised. Further, many leaders at the top look at the situation and the staff’s feelings on how much work is required and believe the mantra, “ This is just the professi
AccountingDepartment
JULY 13, 2023
This article recaps the important role of inventory management in e-commerce and the vital ways it helps businesses control costs and improve customer relationships.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Airbase
JULY 12, 2023
A recent survey of global CFOs identified risk controls and compliance as top concerns for 2023 — right behind cash flow. So, here’s the dilemma: finding the right balance to enforce compliant spending without slowing down or frustrating employees. It’s a difficult balance to achieve. Consider this scenario: A procurement executive wants to improve company-wide compliance with purchasing policies, so they invest in a highly engineered, sophisticated procurement solution.
Withum
JULY 12, 2023
You’re a private rental real estate entity. You may own one building and have two investors or hundreds of buildings with a hundred investing partners. The buildings you own may be commercial, residential, or both. Whatever the case may be, you may need an audit of your financial statements. This could be by the request of your investors or even required by your lending institution as part of your loan covenants for that large mortgage on your books.
SMBAccountant
JULY 11, 2023
Running a small business comes with its fair share of challenges, especially when it comes to financial management. As a small business owner, understanding the importance of cash flow is crucial for the success of your venture. What is cashflow? Cash flow is the movement of money into and out of your business during a specific period. It represents the lifeblood of your company, allowing you to cover expenses, pay employees, invest in growth opportunities, and ultimately stay afloat.
Acterys
JULY 12, 2023
In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. Vertical analysis evaluates financial statements that will help you simplify a document containing complex numbers and figures.
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.
BurklandAssociates
JULY 10, 2023
If the CFO is the high-beam headlights at a company, accounting is the rear-view mirror. AI will make the former brighter and the latter sharper. The post AI and the CFO: Elevating a Strategic Function appeared first on Burkland.
TaxConnex
JULY 11, 2023
Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas. In recent years, families have spent almost a grand each on back-to-school clothing and supplies. This time of year is a trove for online sellers of these products and states seem to realize it’s time to ring the bell on sales tax breaks for back-to-school.
CPA Practice
JULY 9, 2023
AuditFile, Inc., the developer of the award-winning cloud-based audit automation platform, has announced aquired Advantage Audit from John Wiley & Sons, Inc. Advantage Audit is an audit planning aid and audit program series designed to help auditors comply with risk-based professional standards in a straightforward and efficient manner. AuditFile also announced it has relaunched the Advantage Audit product as “AuditFile Advantage Audit AI.
Accounting Today
JULY 11, 2023
Leaders of the Senate Finance Committee are sending an open letter seeking input from experts, stakeholders and interested parties about how to adjust the rules for digital assets.
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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.
Going Concern
JULY 14, 2023
So the firms are up against the Australian Senate this week, answering uncomfortable questions about their inner workings all because one PwC partner couldn’t keep his mouth shut and blabbed confidential government tax intel back to the firm so PwC could make some money off of it. While that situation continues to destroy PwC’s reputation like a wrecking ball made out of solid gold dicks, it has also called into question the consulting industry’s grip on governments hence why t
Canopy Accounting
JULY 12, 2023
What's new: We understand that firms often have a standardized framework that their clients adhere to, and they require an efficient method to assign client records to predefined molds with designated team members in specific roles. That's why we've developed a solution that allows you to easily template roles and manage team assignments with utmost simplicity.
CPA Practice
JULY 12, 2023
By Marly Broudie. In this digital age, financial service providers need to embrace digital marketing strategies to remain competitive, expand their online presence, and generate quality leads. With the ever-increasing number of online users, leveraging the power of digital marketing can significantly enhance their visibility, attract a wider audience, and ultimately drive business growth.
Accounting Today
JULY 12, 2023
The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.
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
Withum
JULY 12, 2023
In this exciting webinar, Withum, Full Sail University, the NECC, and Guild Esports will dive into the duty of care that the Esports industry has to its athletes and global audience! There have been few industries that have seen growth as rapid as collegiate and professional Esports. With total market investments reaching billions of dollars, Esports is becoming a revolutionary means of competition and entertainment.
Going Concern
JULY 12, 2023
A 54-page report by Senators Elizabeth Warren (D-MA), Ron Wyden (D-OR), Richard Blumenthal (D-CT), Tammy Duckworth (D-IL), Bernie Sanders (I-VT) and Sheldon Whitehouse (D-RI) snaps at online tax prep companies H&R Block, TaxAct, and Tax Slayer for sharing sensitive taxpayer data with Meta (Facebook) and Google for purposes of algorithm-based advertising.
CPA Practice
JULY 12, 2023
With Americans living longer, long-term care insurance has become increasingly popular as a hedge against a financial catastrophe late in life due to age, injury, illness, or cognitive impairment. Notably, the cost of a private room in a nursing home can exceed $100,000 per year, and the cost of in-home health care can be even higher. In other words, it’s important to have either insurance or another plan in place to pay for these rising expenses.
Accounting Today
JULY 12, 2023
The Institute of Management Accountants' chair for fiscal year 2024, Richard Brady, is helping the organization as it transitions from its longtime president and CEO, Jeff Thomson, to a new one, Mike DePrisco.
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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.
ThomsonReuters
JULY 10, 2023
Jump to: What is sales tax? Sales tax varies by state What is nexus? What is excise tax? What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels. While, in many instances, businesses are required to charge and collect sales tax from consumers, knowing when and how to charge sales tax can get complex.
Going Concern
JULY 13, 2023
Yo dawg, I heard you like fines. The diligent paper-pushers at the PCAOB (the “P” stands for both paper and pushing) have sanctioned CohnReznick for failing to report key information on PCAOB Form 3 within the required timeframe. PCAOB Rule 2203, Special Reports requires any registered public accounting firm to file a special report on Form 3 to report information to the Board no later than thirty days after the occurrence of the event.
CPA Practice
JULY 13, 2023
The Florida Institute of Certified Public Accountants (FICPA) has announced that Jason Harrell will join the FICPA as Chief External Affairs Officer, effective July 17, 2023. Harrell will be stationed at the FICPA Governmental Affairs office in Tallahassee and will direct all aspects of the FICPA’s public policy, advocacy, governmental affairs and regulatory efforts.
Cherry Bekaert
JULY 14, 2023
Over the last few decades, the technology industry has been booming with new technology startups. Many of these startups are set up as pass-through entities (PTEs), which provide an easy conduit for one layer of flow-through taxation and often retain favorable exit opportunities from a tax perspective. As these startups grow and take on investors, it’s important that financial managers understand the state tax ramifications of growth.
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.
ThomsonReuters
JULY 10, 2023
Jump to: What is use tax? What is nexus? Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. This is especially true as companies grow and increasingly reach consumers outside of their geographic borders.
Going Concern
JULY 13, 2023
It may be called The Westerly Sun but this paper is throwing nothing but shade at Marcum. Concerns over the reputation and legal troubles surrounding the audit firm Marcum LLP have led members of the Chariho School Committee to terminate its contract, moving in a different direction for the first time in 18 years. Members of the School Committee voted 11-0 on Tuesday, with Donna Chambers abstaining, to terminate the contract with James Wilkinson of Marcum LLP.
CPA Practice
JULY 12, 2023
Small businesses face many challenges in 2023, including hiring and retaining skilled employees. Nevertheless, according to a recent National Federation of Independent Business (NFIB) Job Report , small business owners are working hard to fill their open positions, with 63% reporting hiring or trying to hire. Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemploymen
Cherry Bekaert
JULY 14, 2023
Today, finance teams are faced with increasing pressure to protect financial data from cyberattacks and comply with evolving regulations. However, many businesses are still using outdated financial management tools and processes that create unnecessary risks. In this episode of Cherry Bekaert’s Digital Journeys podcast series, John Bartz , Strategic Alliances Director for Cherry Bekaert, and David Appel , Head of the SaaS Vertical for Sage, will discuss how to better protect financial data by
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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