CPA Practice

JANUARY 2, 2024

Accountants in the U.S. who earned the CMA and CPA designations make more than $38,000 than their noncertified counterparts, according to the 2023 Global Salary Survey from the Institute of Management Accountants (IMA). According to data from IMA members surveyed in the U.S. and Canada, management accountants who are both CMAs and CPAs have a median base salary of $137,800 compared to $99,375 for accountants who hold neither certification.

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cma accountant Account accounted 130

Insightful Accountant

JANUARY 1, 2024

Murph says, "Size doesn't matter", big or small, for some clients a simple accounting platform works, for many others, it takes much more, it takes an ERP.

accountant 105

accountant Account accounted 105

AccountingDepartment

JANUARY 4, 2024

Accounting is a critical aspect of any organization, and keeping up with the latest trends and technologies in this field is essential to ensure that businesses remain competitive and successful. As we enter 2024, there are a few key trends that business owners simply cannot ignore. In this blog post, we will explore these trends in detail, discussing how they will impact the industry and what businesses can do to stay ahead of the game.

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accountant Account accounted Gaming 80

SMBAccountant

JANUARY 5, 2024

Beyond the mere transition in dates, New Year's marks a universal opportunity for change. It can serve as a catalyst for reflection, inspiring individuals to set resolutions, for themselves and their businesses. The beginning of a new year also means a fresh start for your Income Statement; which is why now is the perfect time to review your accounting software needs.

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accounting software accountant Account accounted 246

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.

Account

Basis 365

JANUARY 3, 2024

In today's dynamic business landscape, optimizing efficiency and streamlining costs are crucial for success. One area where many companies are finding significant advantages is by outsourcing their accounting and bookkeeping services. But, is handing over the reins of your finances the right move for your business? This comprehensive guide delves into the pros and cons of outsourced accounting, empowering you to make an informed decision about your financial future. 1.

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accountant Account accounted bookkeeping 64

RogerRossmeisl

JANUARY 1, 2024

As reported via IR-2023-230 on 12/6/2023 As part of continuing efforts to combat dubious Employee Retention Tax Credit (ERTC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying them of disallowed ERTC claims. IRS is disallowing claims to entities that: did not exist, or did not have paid employees during the period of eligibility to prevent improper ERTC payments from being made to ineligible entities.

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CPA Tax cpa firm business tax 185

Accounting Insight

JANUARY 2, 2024

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Xero , a cloud-based accounting software for small to medium-sized enterprises, have today announced a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient’s Accounts Payable (AP) capabilities to fully automate and streamline accounting processes.

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Technology accounts payable Accounts Payable Automation AP Automation 59

Accounting Today

JANUARY 2, 2024

When asked what advice they had for accountants in 2024, there is one thing that company after company suggested: learn AI.

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accountant Account accounted accounting software 133

CPA Practice

JANUARY 3, 2024

U.S. small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33-straight months, according to December data from the Paychex Small Business Employment Watch. The Small Business Jobs Index closed the year at 101.21 (1.2% growth), while hourly earnings growth for U.S. workers in December (3.48%) was down from 4.93% in December of 2022.

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Hospitality Start-ups Government 118

TaxConnex

JANUARY 2, 2024

Is one of your new year’s resolutions to make sure you’re complying with sales tax in 2024? If you’ve determined nexus to exist for your business and understand that your products or services are taxable, but you’ve yet to comply to sales & use tax rules. You could be at risk for heavy penalty and fees depending on your sales tax exposure. How do you estimate your exposure, how do you rectify it and move forward to compliance?

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Sales Tax financial statements audit 255

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

RogerRossmeisl

JANUARY 1, 2024

The IRS just put up a new webpage and released FAQs having to do with the recently announced Employee Retention Tax Credit (ERTC) Voluntary Disclosure Program. ERTC Voluntary Disclosure Program On December 21, 2023, the IRS announced a new Voluntary Disclosure Program for businesses who claimed the ERC erroneously. The program is part of the IRS’ continuing efforts to combat questionable ERTC claims.

CPA 194

CPA Tax cpa firm business tax 194

BurklandAssociates

JANUARY 2, 2024

The ratio of Lifetime Customer Value to Customer Acquisition Cost (LTV:CAC) has long been a gold standard metric for SaaS startups, and for good reason. When properly used, this metric Read More The post LTV:CAC – An Important (But Often Misunderstood) SaaS Metric appeared first on Burkland.

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Accounting Today

JANUARY 2, 2024

Narrower criteria reduced the number of qualifying models from about two dozen. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.

Tax 131

Tax Manufacturing 131

Going Concern

JANUARY 5, 2024

Our 2024 Predictions For the Accounting Profession survey is still open and we invite you to share your thoughts on what lies ahead. Not only do we care about the future, we also asked what issue is currently affecting the profession but not talked about nearly enough or even at all. Shout-out to all of you who mentioned pay as if that isn’t THE most talked about issue.

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cpas CPA bookkeeping services tax return 119

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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.

financial statements

RogerRossmeisl

DECEMBER 31, 2023

Every year, U.S. companies lose millions of dollars to vendor fraud. These schemes can be complex and usually involve collusion of multiple suppliers or suppliers and employees of the defrauded business. Small businesses that don’t use sophisticated vendor software or don’t have other anti-fraud resources are particularly vulnerable. But knowledge is power.

CPA 150

CPA 150

Insightful Accountant

JANUARY 3, 2024

Your golden ticket to transformation. It's not flipping the calendar, but writing the story of 2024. Get ready for innovation, growth, and endless opportunities in the evolving landscape.

Gaming 119

Gaming 119

Accounting Today

JANUARY 2, 2024

Auditor disclosures of client-specific quantitative materiality thresholds, which are required in the U.K. but not the U.S., could be encouraging some businesses to massage their earnings reports.

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audit auditor accountant accounted 128

Going Concern

JANUARY 3, 2024

We got a pitch from “GenAI customer support experts DevRev” via email today that says accountants are third most worried about advancements in AI according to an analysis of search data for terms like “how will AI affect __” and “will AI replace _.” Meaning accountants are asking these questions quite a bit, just not as much as lawyers (#1) and artists (#2).

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accountant Account accounted Real Estate 115

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

RogerRossmeisl

JANUARY 1, 2024

As reported via IR-2023-247 on 12/21/2023 As part of an ongoing initiative aimed at combating dubious Employee Retention Tax Credit (ERTC) claims, the Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERTC claims in error. The new disclosure program, which has been in the works for several months, is part of a larger effort at the IRS to stop aggressive marketing around ERTC that misled some employers

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CPA Tax cpa firm business tax 130

CPA Practice

JANUARY 2, 2024

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the profession. PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois E-commerce Pharmaceutical Real Estate 114

Accounting Today

JANUARY 2, 2024

A study finds the negative effects of such events can lead to pessimistic risk assessments of financial reporting choices and a decline in accrual-based and real earnings management for companies in the impacted areas.

accountant 126

accountant Account accounted 126

Going Concern

JANUARY 4, 2024

FT ‘s Stephen Foley has written an opinion piece for, you guessed it, FT on the profession’s deadest of horses: the accountant shortage. Rather than rehashing bits of information that have been repeated ad nauseam for the last two years in the reputable accounting press and the last ten here at Going Concern, I’d like to call your attention to this bit of information: Membership of the American Institute of Certified Public Accountants, the US professional body, fell from 430,0

accounting and finance 114

accounting and finance public accounting Finance accountant 114

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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.

RogerRossmeisl

DECEMBER 31, 2023

During this holiday seasons, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good time to review the tax rules associated with these expenses. Are they tax deductible by your business and is the value taxable to the recipients? Employee gifts Many businesses want to show their employees appreciation during the holiday time.

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Tax payroll tax payroll CPA 144

CPA Practice

JANUARY 4, 2024

By Don Lee, Los Angeles Times (via TNS). These days, it looks like the bloom is coming off the rose for remote work : Many employers are talking tougher. New research shows employees are actually less productive when they work from home full-time. And, with the tight job market starting to slacken, some predict 2024 will be the year employers finally clamp down.

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Texas Start-ups Washington Technology 113

Accounting Today

JANUARY 5, 2024

The Internal Revenue Service will be hosting a Tax Professional Awareness Week starting Monday, Jan. 8, to give tax pros an opportunity to get ready for tax season.

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Tax income tax 130

Going Concern

JANUARY 5, 2024

If any of the qualities listed below sound familiar, don’t even bother. TL;DR Are you an annoying person without any friends who can’t strategize your way out of a paper bag? If so, the coveted CFO position is — and will likely remain — out of your reach. So, you think you’re ready to be a Chief Financial Officer (CFO)? Before you start fantasizing about that corner office and the fancy title, let’s get one thing straight: being a CFO is not as easy as you think.

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cma Gaming CPA accounting and finance 111

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.

RogerRossmeisl

DECEMBER 31, 2023

You may have heard of the “nanny tax.” But if you don’t employ a nanny, you may think it doesn’t apply to you. Check again. Hiring a housekeeper, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a household worker, you aren’t required to withhold federal income taxes from pay.

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Tax income tax CPA 134

Withum

JANUARY 4, 2024

Withum is proud to share that Victoria Iezzi has been named a Trailblazing Leader in Women’s Health and FemTech for 2023. Women of Wearables is an organization that brings together women in wearable technology. Their 200 Trailblazing Leaders in Women’s Health and FemTech celebrates leaders in the industry who have excelled and made significant contributions to innovative solutions for women’s health.

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Technology audit 111

Accounting Today

JANUARY 5, 2024

Businesses eager to see Congress revive expired research and investment tax breaks have reason for optimism that a deal could come together as soon as this month.

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Tax 124

Going Concern

JANUARY 2, 2024

Fill this out if you want. We aren’t collecting emails, only opinions. Loading… The post Quick Survey: What Will Be the Biggest Issue Affecting the Profession in 2024? appeared first on Going Concern.

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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.