CPA Practice
OCTOBER 23, 2023
Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. During the busy season, you’re very busy and the cash flow is nice, but after that, things slow down considerably. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round.
ThomsonReuters
OCTOBER 24, 2023
Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge. More tax professionals are exiting the profession than are entering it.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Insightful Accountant
OCTOBER 23, 2023
HubSync's John McGowan discusses the challenges for navigating legacy systems in the tax and accounting landscape—and where the solutions may be.
Accounting Today
OCTOBER 23, 2023
Lots of outsiders are disrupting accounting; it's time for accountants to disrupt back.
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.
inDinero Tax Tips
OCTOBER 21, 2023
Knowing how to keep track of business expenses is key to visualizing cash flow and maximizing tax deductions, but finding a system that is simultaneously easy, efficient, and accurate is no easy task. In this article, we’ll tell you everything you need to do to track expenses on autopilot, organize tax filings at the click of a button, and keep your most important financials front and center.
TaxConnex
OCTOBER 24, 2023
“Scary” has five letters. Know what word in sales tax also has five letters? “Audit.” Few issues in the area of tax are more terrifying than this kind of exam from a tax authority. Our third annual survey of financial professionals showed that although most companies (67%) reported that state sales tax audits have remained at the same level over the past two years, almost one in four respondents (23%) said they expect such audits to increase in coming months.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
OCTOBER 24, 2023
The Bonadio Group's Karen Webber breaks down the weak internal controls that could put your client at risk of fraud—and the warning signs you need to watch out for.
BurklandAssociates
OCTOBER 25, 2023
Welcome to the first article of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-One, Preparation appeared first on Burkland.
CPA Practice
OCTOBER 23, 2023
By Richard Corn, CPA. Accounting firms are continuously innovating, developing new offerings and finding new ways to stand out in a crowded field. While many firms are (understandably) focused on securing new clients, in this competitive landscape complicated by increasing market challenges, it is as important as ever for firms to retain their existing clients as well.
RogerRossmeisl
OCTOBER 24, 2023
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses.
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.
TaxConnex
OCTOBER 26, 2023
Sales tax is a major obligation for your business. As with most such obligations, you probably ask, “Can automation help me?” In some ways, yes. Sales tax rates and taxability rules differ by state and even locality. Software that has the rates and taxability rules built-in helps make sure you charge the right sales tax with each purchase. Most sales tax calculation software today is SaaS-based (Software-as-a-Service), which often integrates with a company’s invoicing system.
Airbase
OCTOBER 25, 2023
If any finance process is overdue for innovation, it’s procurement. For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend.
Acterys
OCTOBER 24, 2023
Organizations rely on robust performance management processes to drive informed decision-making. While Microsoft Power BI’s native data entry option is useful for simple tasks, it falls short with complex data models and planning requirements. This limitation creates challenges for businesses in the Power BI ecosystem, but fortunately, they can leverage additional Power BI write-back and planning capabilities.
Accounting Today
OCTOBER 26, 2023
Accountants and financial professionals are feeling less upbeat about the economy in North America in the second quarter of the year, according to a quarterly survey from the IMA and ACCA.
Advertisement
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.
Going Concern
OCTOBER 25, 2023
As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year.
Airbase
OCTOBER 25, 2023
AI was a constant presence at SuiteWorld this year, whether it was the focus of the presentation itself or folded into the topic. AI even featured in the high-octane opening session with a spoof about hallucinations from Evan — NetSuite’s not-quite-ready-for-prime-time AI assistant. There were at least three sessions specifically on AI-powered solutions, plus NetSuite had an AI Center on the floor in case you wanted more information.
CPA Practice
OCTOBER 24, 2023
On your mark, get set, go! The 2024 preparer tax identification number (PTIN) renewal period for the nation’s nearly 800,000 active federal tax return preparers is now underway. All current PTINs expire on Dec. 31, 2023. Anyone paid to prepare or help prepare any federal return or claim for refund must have a valid PTIN from the IRS, which they must use as the identifying number on any returns prepared.
Accounting Today
OCTOBER 23, 2023
Bob Lewis of the Visionary Group examines the opportunities private equity firms are creating in accounting, what it will mean for your firm, and how it will play out in the future.
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
Going Concern
OCTOBER 23, 2023
Article image obviously generated by AI. Reported by Bloomberg last week , PwC is putting AI to work. Officially. PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. [emphasis ours] The accounting firm will use AI to consult on complex matters in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance is
Airbase
OCTOBER 23, 2023
In the world of finance and procurement, accuracy and accountability are paramount. Every organization strives to maintain a meticulous record of its financial transactions while safeguarding itself against errors and fraud. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned.
CPA Practice
OCTOBER 23, 2023
Joshua Lance, founder and managing director of Chicago-based Lance CPA Group and a six-time “40 Under 40” honoree by CPA Practice Advisor , passed away on Oct 21. He was 40 years old. According to a Facebook post by his mom, Carole Lance, Josh was diagnosed with bile duct cancer last December. Carole posted on Facebook yesterday that Josh died early Saturday morning surrounded by loved ones.
Accounting Today
OCTOBER 25, 2023
In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.
Advertisement
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 26, 2023
On Monday afternoon an employee of Brown, Brown and Associates, an accounting firm on Main Street in Springfield, TN, decided to bring an explosive device to the office “to show around.” Actual explosives. The news didn’t say what exactly the device was, only that the man “reportedly found multiple explosives in an old house he was cleaning out and brought one of them into work to display.” “I was with a client, and a police officer came and knocked on my salon door
Insightful Accountant
OCTOBER 22, 2023
As part of security enhancements being implemented between mid-October and the end of November 2023, Chase Bank will require all QBO and QuickBooks Desktop users to reconnect their bank connections.
CPA Practice
OCTOBER 27, 2023
By Allison Arieff, MIT Technology Review (TNS) His official title is vice president of regulated reporting solutions. But really, Billy Scherba, CPA, is a carbon accountant. At Persefoni, a platform for climate management, Scherba works with companies to measure, manage, and disclose their contributions to climate change. Billy Scherba Carbon accountants help companies understand what data matters to their carbon footprint, how to collect that data in a consistent manner, and how to use it to ca
Accounting Today
OCTOBER 26, 2023
The legislation incentivizes consumers to buy energy-efficient electric appliances, clean vehicles, rooftop-solar and home energy storage systems.
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.
Anders CPA
OCTOBER 24, 2023
Startups saw a surge in seed round funding in the aftermath of the COVID-19 pandemic throughout 2021 and 2022, but accessing Series A funding rounds has proven more difficult than ever. Investor priorities have shifted and placed a new focus on profitability rather than growth. Tax partner and leader of the firm’s startup practice Dave Finklang, CPA/CGMA, MBA , examined the phenomenon in his recent article for the St.
Insightful Accountant
OCTOBER 26, 2023
Everything comes down to marketing. Balanced Awakenings' Dr. Hannah Yang provides some insights practice owners can use to help leverage their market strategies and build momentum.
CPA Practice
OCTOBER 25, 2023
CPA.com, the business and technology subsidiary of the American Institute of CPAs, has added a suite of practical tools as part of its ongoing initiative to enable accounting and finance professionals to build their knowledge of generative AI and assess the opportunities and the risks of implementing the transformative technology into their practices.
Accounting Today
OCTOBER 23, 2023
These are the bottom 20 states ranked by return on investment for taxpayers, based on quality of government services versus how much they cost.
Advertisement
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.
Expert insights. Personalized for you.
105 
Let's personalize your content