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.

cma 130

cma Account accounted accountant 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.

accounted 105

accounted Account accountant 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.

Account 84

Account accounted accountant Gaming 84

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.

accounting software 246

accounting software Account accounted accountant 246

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.

Finance

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.

Account 64

Account accounted accountant 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.

CPA 197

CPA Tax cpa firm business tax 197

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.

Technology 59

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.

Account 133

Account accounted accountant 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.

Hospitality 118

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?

Sales 264

Sales Tax financial statements audit 264

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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 206

CPA Tax cpa firm business tax 206

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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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

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 161

CPA 161

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 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.

Tax 130

Tax income tax 130

Withum

JANUARY 5, 2024

Mark Eckerle and Ron Quaranta of Wall Street Blockchain Alliance, discuss WSBA’s activity within the crypto ecosystem and its plans for 2024. Listen now.

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116

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

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 153

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).

Account 115

Account accounted accountant Real Estate 115

Accounting Today

JANUARY 2, 2024

A new online registry opened Monday where companies need to disclose who truly owns or controls them.

Account 130

Account accountant accounted 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 Pharmaceutical E-commerce Real Estate 114

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

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.

Tax 144

Tax income tax CPA 144

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 Account 114

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.

audit 128

audit auditor Account accountant 128

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.

Start-ups 113

Start-ups Texas Washington Technology 113

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

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

CPA 130

CPA Tax cpa firm business 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.

cma 111

cma Gaming CPA accounting and finance 111

Accounting Today

JANUARY 4, 2024

The contract will provide development support to two mission-critical systems at the agency.

Technology 126

Technology Tax 126

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.

Technology 111

Technology audit 111

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll