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
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
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: Frank Taliano
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
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.
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 10, 2023
They still haven't recovered their levels of three years ago, though
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.
Speaker: Claire Grosjean
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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
Insightful Accountant
JULY 12, 2023
Have you gotten an email saying your ProAdvisor status expired June 30, even though you passed recertification? Well, I did.
Accounting Today
JULY 14, 2023
The service plans to issue final regs related to required minimum distributions from retirement accounts in light of the SECURE 2.0 Act.
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.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
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.
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.
Accounting Today
JULY 14, 2023
The agency is also planning in-person visits to help taxpayers in underserved areas.
Xero
JULY 13, 2023
Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. This award recognises their innovative practice and unwavering commitment to delivering exceptional client service. We take a look at what sets Sempar apart, and how the firm has helped their clients achieve their business goals.
Speaker: Dave Sackett
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.
Going Concern
JULY 14, 2023
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. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.
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
Accounting Today
JULY 14, 2023
The Internal Revenue Service is making progress on its modernization efforts after receiving billions in extra funding.
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.
Speaker: Erroll Amacker
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
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 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.
Accounting Today
JULY 14, 2023
Plus, AuditFile relaunches Advantage Audit as AuditFile Advantage Audit AI; JustWorks releases JustPayroll; and other accounting technology news.
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.
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