Accounting Today
MAY 29, 2024
Firms are using different recruiting practices to attract younger talent, thinking outside the standard talent pool and prioritizing company culture and personal growth opportunities.
GrowthForceBlog
MAY 29, 2024
8 min read May 29th, 2024 Accounting software is integral to every business's operations, management, and financial health. Business owners must select the right accounting software to support their operating strategy, facilitate performance evaluation, and provide invaluable insights that can be used to maximize efficiency and profits. Key Takeaways Cost and Pricing Structure: Desktop accounting software is generally purchased with the initial cost of the software license (in addition to the co
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Summit CPA
MAY 28, 2024
The financial side of running a marketing agency can quickly feel overwhelming. You likely started your agency because you love marketing and excel at it - not because you wanted to pour over financial statements and generate reports. But as an agency owner, you know that while handling agency financials isn’t the most fun part of your job, it's nevertheless a vital piece of your agency’s success.
CPA Practice
MAY 29, 2024
By Fady Hawatmeh. The prospect of AI replacing accountants has stirred up some anxiety within the industry. However, it’s important to think of AI as a helpful tool designed to enhance, not replace, the capabilities of humans. Rather than seeing AI as a threat to their careers, accountants should view it as a catalyst that can help them work faster, smarter, and with greater impact.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
BurklandAssociates
MAY 29, 2024
While the challenges are significant, there are opportunities for startups with strong financial discipline and sufficient capital reserves. The post Scaling in a High-Interest Rate Economy: Challenges and Opportunities appeared first on Burkland.
Going Concern
MAY 26, 2024
As you may have read, Barry Melancon is abandoning the AICPA CEO post he’s held since 1995 at the end of this year. Side note about that, I expected the article we put up about it to be one of the most popular of the week but in fact it seems no one cares going off view count alone. So maybe you didn’t read that, actually. Totally 100% coincidentally and definitely not at all related to his planned departure, it was announced the day after his big announcement that the AICPA was soft
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
LSLCPAs
MAY 29, 2024
Does your agency have an internal service fund (ISF)? If you have centralized management of services like fleet or information technology, you may have one or multiple! But do you know if your ISF is really operating like an ISF? Are you fully recovering the costs of your internal services and using this as a. The post Is your internal service fund (ISF) really operating like one?
Accounting Today
MAY 27, 2024
Sometimes spending a little more time on something will save a lot more time later on or reduce the stress level for those involved with that project.
Accounting Today
MAY 28, 2024
Day to day, accountants are already involved in everything from improving energy efficiency to waste management, recycling and digital solutions.
TaxConnex
MAY 28, 2024
Managing your sales and use tax process can be difficult for businesses of all sizes and industries. Unlike most countries, there isn't a nationwide sales tax. So keeping up with the continual changes in states and local jurisdictions and maintaining a fully accurate compliance process for a complex business could make even the best of sales tax experts dizzy.
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
MyIRSRelief
MAY 30, 2024
Tax preparation service Learn how to prepare your taxes accurately and efficiently with our step-by-step guide. Discover tax tips, deductions, and credits to maximize your refund. As the tax filing season approaches, many individuals and business owners feel overwhelmed by the complexity of tax preparation. However, with the right guidance, navigating the tax preparation process can be straightforward and stress-free.
CPA Practice
MAY 29, 2024
Proposed guidance issued Wednesday by the Treasury Department and the IRS explains how eligible facilities can qualify for “technology-neutral” clean electricity tax credits under the Inflation Reduction Act. The 2022 tax-and-climate law sunsets the existing Production Tax Credit (Section 45 of the tax code) and Investment Tax Credit (Section 48) by limiting their availability to projects beginning construction before 2025.
Accounting Today
MAY 29, 2024
There's a new method of counting defined contribution retirement plan participants that can make a big difference for clients.
Going Concern
MAY 30, 2024
This is gonna be long and there’s no TLDR. Get over it. As mentioned in this week’s news brief, the Institute of Chartered Accountants in England and Wales (ICAEW) put together a snazzy little report on the state of mid-tier firms based on a survey of managing partners. Keeping in mind that these are specifically mid-tier firms across the pond but the Brits are basically us with funny accents, bland food, and an unnecessary vowel littered throughout their words ending in -or.
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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.
ThomsonReuters
MAY 28, 2024
Jump to: 2024 top priorities Key Insights from the 2024 State of Tax Professionals Report Preparing your firm for the future In the ever-evolving landscape of tax and accounting, professionals are continually adapting to new challenges and opportunities. Having weathered the waves of post-pandemic anxiety, many tax & accounting firms are now shifting their attention back to business fundamentals.
CPA Practice
MAY 30, 2024
By Reyes Florez. Headlines highlighting rapid changes in the accounting industry are ubiquitous. The shifts are both obvious and subtle, and for those of us in the industry, it can seem daunting to predict what’s next as even the pace of acceleration is accelerating. Investing time to understand where things are headed is important to a firm’s and professionals’ ability to proactively evolve instead of merely reacting.
Accounting Today
MAY 29, 2024
PwC announced it has made a deal with OpenAI to become the first reseller for ChatGPT Enterprise.
Going Concern
MAY 30, 2024
…granted it’s still been a months-long wait for some people but let’s stay positive here and celebrate The Powers That Be shaving a few days off of the first score release of 2024 for the core sections of the exam (AUD, FAR, and REG). On May 29, NASBA received and processed the following scores from the AICPA: pic.twitter.com/K2MYH6Lj0a — NASBA (@NASBA) May 29, 2024 Candidates were just as surprised as we were to see scores appear early, the target score release date for
Speaker: Anna Tiomina, MBA
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?
Canopy Accounting
MAY 29, 2024
As the dust settles on the most intense period of the year for financial professionals, we're taking a moment to celebrate the incredible achievements of our backend systems and the team behind them during the most recent tax season. The last 30 days of the tax season have seen our operations pushed to their limits, but Canopy has not just survived; it has thrived, showcasing the robustness and efficiency of our platform.
CPA Practice
MAY 29, 2024
By Dr. Sangeeta Chhabra Cloud adoption has become the new norm in the modern corporate world. A majority of organizations are looking to migrate to the cloud for obvious perks like scalability, adaptability, data security, and low capital costs. However, challenges arise when an organization just jumps on the bandwagon without a proper strategy. Moving to the cloud shouldn’t be a hasty decision.
Accounting Today
MAY 30, 2024
The Internal Revenue Service intends to expand the number of states and tax situations in which the free system will be available.
Patriot Software
MAY 29, 2024
Do you need an extra set of hands for a few weeks or months? You may opt for a temporary employee. Temporary employees can cover for employees on leave, help during your busy season, or fill in gaps in the workplace. Hiring temporary employees can help you avoid overhiring.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
AccountingDepartment
MAY 30, 2024
Last week, AccountingDepartment.com Business Development Representative, Luke Backus, attended the Veteran Entrepreneur Training Symposium (VETS24) in Orlando, Florida.
CPA Practice
MAY 31, 2024
By Jason Green, The Mercury News (TNS) OAKLAND, Calif. — An East Bay man who once served as an Internal Revenue Service officer has been sentenced to a federal prison term for his role in a plot to fraudulently obtain more than $3 million in pandemic relief aid, according to authorities. Frank Mosely, 58, of Oakland, along with his brother, Reginald Mosely, 60, of Sacramento, orchestrated the scheme , which saw them obtain Paycheck Protection Program loan funds by filing documents on behalf of s
Accounting Today
MAY 30, 2024
If marijuana is reclassified, lots of businesses may want to reconsider their structure.
Insightful Accountant
MAY 30, 2024
Intuit is offering a variety of discounts for QuickBooks Users and ProAdvisors adopting their QuickBooks Bill Pay plans in lieu of Melio Bill Pay which is no longer integrated into QBO.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Cherry Bekaert
MAY 28, 2024
Contributors: Tony Konkol, Manager, State & Local Tax North Carolina Senate Bill No. 508 (Session Law 2024-1) was signed into law on May 15, 2024 and provides an extended July 1, 2024 due date for partnerships to make a tax year 2022 pass-through entity tax (PTET) election. House Bill No. 259 (Session Law 2023-134) was enacted on October 3, 2023, expanding eligibility for North Carolina’s PTET election.
CPA Practice
MAY 28, 2024
Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced the QuickBooks Grant Program , which will award 20 small business owners $10,000 each and business mentorship resources to help drive their success. The program is one of several activations for Intuit’s Small Business Success Month , which recognizes and celebrates small businesses and provides tools, resources, and funding to fuel their growth.
Accounting Today
MAY 28, 2024
The decline in taxpayers taking advantage of the ADR process was a major topic at a recent IRS meeting.
AccountingDepartment
MAY 28, 2024
It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 13th annual ADC Summer Challenge.
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