CPA Practice

OCTOBER 3, 2023

Starting salaries for roles in tax services are projected to increase an average of 3.6% in 2024, while audit and assurance services will see starting salaries likely go up an average of 3.8% next year, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Robert Half’s salary guide for 2024 was released on Monday, featuring starting salary projections for a plethora of roles in accounting and finance.

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public accounting accountant Account accounted 121

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients.

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accounting firms Technology accountant Account 111

Withum

OCTOBER 3, 2023

The IRS announced on September 14, 2023 a processing moratorium on new employee retention credit (ERC) claims. This means that it will not process any newly filed ERC claims until it works through its backlog of more than 600,000 claims, which it estimates will not occur until next year. The moratorium does not mean that the IRS is shutting down the ERC program because the IRS does not have the power to do that; only Congress and the President can do that.

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income tax audit tax return Tax 122

Going Concern

OCTOBER 3, 2023

Staffing authority Robert Half has released its much-anticipated 2024 Salary Guide and just like years past, the guide is packed with intel not only on finance and accounting but the greater job market that we really don’t care about. We’ll be deconstructing various aspects of the guide over the next few weeks, for now we’re taking a look at basic public accounting salaries and service lines.

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public accounting accountant salary accountant Account 134

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

TaxConnex

OCTOBER 5, 2023

Automated sales tax software promises to manage your filing and payments, but there’s more to sales tax compliance. Nexus and taxability Even before the Supreme Court’s Wayfair decision five years ago, states had nexus thresholds, often hinging on a company’s physical presence in a state (offices, warehouses, personnel). Wayfair opened the way for all states with a statewide sales tax to now have economic nexus thresholds set by dollar amount or volume of sales.

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Sales Tax Missouri auditor 147

Wellers Accounting

OCTOBER 3, 2023

Everything you need to know to answer the question what is Capital Gains Tax in the UK, from an explanation of the concept, to how it's applied.

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Tax 98

Going Concern

OCTOBER 4, 2023

The Wisconsin Institute of Certified Public Accountants (WICPA) has announced — and in typical Midwestern fashion was pleased to do so — that Governor Tony Evers and the state of Wisconsin have designated November 2023 as CPA Appreciation Month. Free pizza for everyone on the governor? Not quite. In November, dozens of Wisconsin CPAs are heading to high schools throughout the state to preach the joys of a career in accounting (that’s not as sarcastic as it sounds) and inform st

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Wisconsin cpas CPA public accounting 125

MineralTree

OCTOBER 5, 2023

The end of month close process plays a vital role in ensuring the accuracy, integrity, and transparency of financial records for businesses of all sizes. Making this monthly ritual effective and efficient can mean the difference between informed decision-making and costly errors. Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence.

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AP Automation accounts payable AP Processes accounting and finance 76

GrowthForceBlog

OCTOBER 5, 2023

9 min read Market companies. Within this middle ground of the market, businesses are often growing and changing quickly, and this can cause growing pains for businesses that result in operational challenges, expenses that balloon out of control, and shrinking profit margins.

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accountant Account accounted bookkeeping 87

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. A break from holidays? This year, states reportedly will forgo a combined $1.6 billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. Virginia, to name one state, just voted to reinstate their holiday.

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Sales Louisiana Tax Tennessee 147

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

BurklandAssociates

OCTOBER 5, 2023

New industry research, planning templates, eBooks, podcasts, and articles to help SaaS startups plan and scale their financial operations. The post SaaS Finance Toolkit Updates for 2023 appeared first on Burkland.

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Finance 130

MyIRSRelief

OCTOBER 2, 2023

Starting a new business in Los Angeles area is an exciting time, but it can also be overwhelming. There are so many things to think about, from developing a business plan to marketing your products or services. One of the most important things to consider is accounting and bookkeeping. If you’re new to business, you may be wondering why accounting and bookkeeping are so important.

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tax services bookkeeping bookkeeping services Tax 130

CPA Practice

OCTOBER 2, 2023

By Dave Charest. Small businesses (SMBs) are a busy bunch. On any given day, they might be fulfilling orders, engaging with customers in-person, managing staff, doing their books — plus dozens of other tasks. Most would relish an opportunity to gain back an extra hour, or save some extra money. Luckily, those goals (and others) are attainable thanks to artificial intelligence (AI) and marketing automation.

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Technology Sales bookkeeping accountant 131

Accounting Today

OCTOBER 5, 2023

The Internal Revenue Service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.

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Tax 130

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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

Going Concern

OCTOBER 2, 2023

Fun number of the day: 95%. That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. The figures come from a survey of hiring managers and employees from small (20-249 employees), midsize (250-499 employees) and large (500-plus employees) private, publicly listed and public sector organizations.

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accounting and finance Finance auditor accountant 127

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. It is one of the oldest-known professions dating as far back as 3500 BC, when the ancient Sumerians charged royal scribes with performing record-keeping duties. (1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

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Real Estate accountant Account accounted 115

CPA Practice

OCTOBER 4, 2023

New research from Avalara , a provider of tax compliance automation software for businesses of all sizes, has found that 84% of CFOs surveyed in the United States (U.S.) and United Kingdom (U.K.) face a significant talent shortage within their accounting and finance teams. The problem is more severe in the UK, with nearly all (92%) surveyed CFOs in the country struggling to recruit their needed finance talent compared to three-quarters (76%) of CFOs surveyed in the U.S.

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Technology accounting and finance Finance audit 128

Accounting Today

OCTOBER 2, 2023

Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.

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Tax 126

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

Going Concern

OCTOBER 6, 2023

On Wednesday we were tipped to several people at the manager+ level in transaction services getting laid off from Deloitte, all of whom were working remotely. And then this reply the artist formerly known as Twitter mentions layoffs in audit: We talked all the time in grad school (approx 6 years ago) that there was no way the (then) current model would be sustainable… I think it’s finally starting to crumble.

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audit Start-ups 126

Cherry Bekaert

OCTOBER 3, 2023

In the latest episode of our Risk & Accounting Advisory podcast, Neal Beggan , Risk Advisory Leader, and key leaders from Cherry Bekaert’s Risk Advisory SOX practice, Gareth Montague-Smith and Peyton Black , discuss the concept of SOX “Lite,” a controls diagnostic service for smaller or private companies that can help prepare companies to go public, help remediate material weaknesses or significant deficiencies, provide efficiencies for companies facing difficult audits and more.

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audit accountant Account accounted 115

CPA Practice

OCTOBER 2, 2023

The number of job openings and quits in the United States has been on a downward trend for several months, according to data from the Bureau of Labor Statistics. This is good news for employers overall. However, it doesn’t mean CPA firms are finding it any easier to staff available positions — or hold on to the valued employees they already have in place.

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accounting and finance cpa firm CPA Finance 128

Accounting Today

OCTOBER 2, 2023

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

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Government Tax 133

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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.

Going Concern

OCTOBER 5, 2023

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost! There are proven strategies that can guide your project management toward efficiency and success—although, it took some serious digging for us to find them.

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accounting firms accountant Account accounted 120

Withum

OCTOBER 5, 2023

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Pitchbook’s Eric Bellomo to discuss the latest insights and trends for e-commerce companies. E-Commerce Unplugged: Insights and Trends With Eric Bellomo of Pitchbook – Part 1 In Part 1 of E-Commerce Unplugged, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Pitchbook’s Eric Bellomo to discuss top-line revenue growth vs. profitability and a potentia

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E-commerce Technology 111

CPA Practice

OCTOBER 2, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. Automatic extensions are available to virtually anyone who request it. This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline.

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South Carolina Tax Georgia income tax 124

Accounting Today

OCTOBER 2, 2023

For accounting firms to scale, they need to build a stronger infrastructure of professional HR, marketing, IT and other support systems, explains Rachel Anevski.

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accounting firms accountant Account accounted 126

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.

Going Concern

OCTOBER 2, 2023

Hey, welcome to October. You have my permission to start putting up those Halloween decorations now. Let’s get right to it! The news, I mean. Here’s something for anyone who needs it (you know who you are): Back in the office? Here’s how to be professional in the workplace Bloomberg explains the PwC Australia tax scandal’s impact on firm governance in many words, a good read for anyone who still doesn’t understand what’s going on over there and what happened last week wit

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North Dakota accountant Account accounted 119

Cherry Bekaert

OCTOBER 5, 2023

Efficiencies can come in the form of cost-saving, process streamlining , and resource allocation, which act as a catalyst for innovation by freeing up resources, enhancing collaboration, fostering a culture of continuous improvement, and allowing for calculated risks in creativity and experimentation. Listen as Jim Holman and Steve Holliday provide real-world examples from leading technology companies to further illustrate how these principles have been successfully applied to drive innovat

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Technology 111

CPA Practice

OCTOBER 3, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) If you’re a Kansas City Chiefs fan or a “Swiftie,” you might have wondered recently whether Travis Kelce and Taylor Swift are dating. But all the excitement and talk about Taylor’s appearance at an NFL game has also raised questions about what Eras Tour tickets have to do with taxes. So, to sort out some of the confusion, here’s what you need to know about how reselling concert tickets (not just those for Swift’s tour) might impact your

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income tax tax return Kansas Tax 122

Accounting Today

OCTOBER 5, 2023

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.

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Tax Legal Finance 119

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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.