Reckon
JUNE 25, 2023
Artificial intelligence, hereafter simply referred to as AI, has evolved momentously over the last decade. But just in the last 6 months, these leaps have been gargantuan. As the discipline relies on data processing, it’s not surprising accounting professionals have been particularly vocal about the advancement of AI (and machine learning) for many years.
CPA Practice
JUNE 27, 2023
By Jasen Stine and Gale Crosley. Our tax and accounting profession is continuing to be disrupted by marketplace dynamics from technology and economic conditions to competition and regulation. Business owners and firms need to be thinking about how to adapt to keep up with the “changing neighborhood” around them. Gale Crosley, CPA, CGMA, is a leading strategic organic revenue growth consultant to hundreds of large, and large-thinking CPA and accounting firms worldwide.
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Basis 365
JUNE 27, 2023
Running an eCommerce business comes with challenges, and accounting is a critical aspect that often poses difficulties. Accurate financial records, managing cash flow, ensuring compliance with financial reporting standards, and conducting financial analysis are all essential to running a successful eCommerce venture. However, these tasks can be complex and time-consuming, leading to potential errors and setbacks.
Accounting Insight
JUNE 28, 2023
Outsourced payroll services are underrated. Trust me, we asked. Employment Hero recently conducted a survey of 313 accountancy and professional service firms. Perceptions of offering outsourced payroll services were very negative – just 12% saw it as a profit-driver, while 11% saw it as a “necessary evil” and 35% thought of it as a way to attract and retain clients, not drive revenue itself.
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.
Accounting Seed
JUNE 26, 2023
Implemented by Accounting Seed certified implementation partner, Ayodia, AC Risk Management continues to beat the competition by spending more time face-to-face with clients and less time “in the books.” When you think of buying insurance, you don’t typically describe the experience as “memorable.” At AC Risk Management, their mission is, “to be different in an industry that has not changed in 100 years.
Insightful Accountant
JUNE 25, 2023
Fullmoon Digital's Derek Chew discusses what every accounting firm should know about marketing their wares in today's ever-evolving digital landscape.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
JUNE 27, 2023
Startups can face serious penalties for failing to comply with state sales tax laws. If you’ve fallen behind, help is available. The post Sales Tax Compliance: Steps for Startups appeared first on Burkland.
Accounting Insight
JUNE 27, 2023
In the past year, there have been notable transformations in the compliance sector. The financial services industry has experienced increased regulatory oversight, resulting in regulators imposing unprecedented fines on firms in 2022. As a result, companies are facing significant difficulties in adhering to compliance regulations due to the immense pressure to meet the ever-changing standards.
TaxConnex
JUNE 27, 2023
Staying on top of your sales tax obligations is crucial to maintaining compliance and avoiding costly penalties. However, navigating the complex world of sales tax filing is a lot for a business to manage without the right expertise. Fortunately, there are options outside of managing sales tax on your own, but it leaves you with a choice - sales tax software or service provider?
Airbase
JUNE 30, 2023
Although personal travel is taking off this summer, business travel is having a more challenging time gaining altitude. Some industry analysts say that it could be well into 2025 before demand returns to pre-pandemic levels. Continued economic uncertainty has organizations carefully balancing budgets and benefits when it comes to corporate travel. But the cost of travel’s carbon footprint is an increasingly important factor in assessing corporate travel cost benefit.
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.
Going Concern
JUNE 26, 2023
Stock photo of KPMG office in London. Look, the logo is the same ok. Rumors have been buzzing for a few weeks now that KPMG would be making some cuts, the most notable of these buzzes an extra buzzy post on Reddit suggesting an incoming RIF. This morning (Monday), all-hands calls started appearing in people’s calendars and, well, you know what happens after that.
CPA Practice
JUNE 28, 2023
By Emily Fish, director of product accounting at LeaseQuery Within the lease accounting standards, there are exceptions to help entities determine which leases are in scope and which are not. First and foremost, the lease accounting standards apply to all entities—there isn’t an exception for an entity or industry as a whole. Instead, exceptions are applied on a lease-by-lease basis depending on certain policy elections: ASC 842, IFRS 16, and GASB 87 all have exceptions for short-term and immate
TaxConnex
JUNE 29, 2023
What a major issue for your remote business these days. Constantly changing regulations. Tens of thousands of tax jurisdictions coast to coast, from the biggest states to the tiniest municipalities and everywhere in between. All wanting you to calculate, collect and remit the precise amount of sales tax if you have nexus there. Can all those tax authorities really all keep up with your obligations?
Withum
JUNE 29, 2023
Withum is proud to announce its 2023 New Partner Class. I’m excited to introduce this year’s New Partner Class. To get to this level takes an incredible amount of grit, passion and determination. This group is comprised of dedicated individuals who have a deep understanding of what it takes to succeed and thrive in business and life. The accomplishments of each individual are evidence of a larger trend—that of professionals going above and beyond, never ceasing to learn, create and innovate to b
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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.
Going Concern
JUNE 27, 2023
That’s it. That’s the story. Published today in India’s business paper The Economic Times : Deloitte plans to have around 30% of its workforce operating from India within the next four years, with an estimated total employee count ranging from 150,000 to 160,000, as the country figures prominently in the firm’s global growth plans, according to Romal Shetty, CEO, Deloitte South Asia.
CPA Practice
JUNE 28, 2023
By Erin Bendig, Kiplinger Consumer News Service (TNS) Amid uncertain economic conditions, baby boomers aren’t feeling confident in their retirement plans. In fact, 70% of baby boomers expressed uncertainty over whether their retirement savings were healthy enough to carry them through retirement, according to a study from Retirement Living. The study, which surveyed 758 American baby boomers aged 59 and older about their financial plans, found that the average retirement savings of respondents
Insightful Accountant
JUNE 26, 2023
Just because you are not at Scaling New Heights doesn't mean you can't have an 'exhibit hall' of your own. Check out these eight new apps in the QuickBooks App Store, I guarantee it won't be nearly as many steps to walk.
Xero
JUNE 25, 2023
Changes are coming to the contact overview page We wanted to share the next step in improving the contacts experience in Xero, helping you better manage the relationships with your customers and suppliers, as well as your cash flow. We’re excited to share that we’ve updated the design of our contact overview page, and introduced search and filter functionality.
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
JUNE 29, 2023
Although Big 4 audit fees have increased so much in the last several years clients wrote a strongly worded letter to complain about it , PwC UK told its 25,000 staff last week that things will be tight this year. “Challenging” market conditions mean smaller raises (if they get raises at all) and bonuses. Oh yay. Reports Financial Times : The firm’s junior auditors were told on a webcast last week that the pay band for one cohort would be frozen while others would increase by 3 or 6 p
CPA Practice
JUNE 29, 2023
By Adam Shell, Kiplinger Consumer News Service (TNS) You’ve probably heard of the gender pay gap. But a new report from Bank of America reveals there’s a sizable gender gap when it comes to retirement savings, too. The gap is large enough to put women on notice that a secure retirement isn’t a sure thing unless they start socking away more for their golden years.
Insightful Accountant
JUNE 28, 2023
Murph gave you valuable clues about the Top 100 process and the specific categories in our story about the ProAdvisor of the Year and Categorical Award recipients.
ThomsonReuters
JUNE 28, 2023
In a rapidly changing and increasingly competitive business environment, it is essential for audit firms to stay ahead of the curve and remain competitive. To do this, auditors must leverage technology and data analytics to innovate and sustain their edge over the competition. In this article, we will explore how using data analytics and automation can help enhance the auditing process, achieve greater operational efficiency, and ultimately set your firm apart.
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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
JUNE 30, 2023
It seems Citi is sick of WFH slackers and is getting the stick: Citigroup Inc. has begun telling managers to let staffers know they’ll face consequences if they don’t comply with policies for office attendance. While the vast majority of staffers are following the firm’s rules for hybrid work, the moves are focused on those employees with persistent, unexplained absences, according to a person with knowledge of the matter.
CPA Practice
JUNE 28, 2023
Small- and medium-sized businesses (SMBs) are looking to invest $10,000 more in their suite of technology solutions this year than they were in 2022, a new study finds. Business owners are willing to invest $45,000 to $142,000 on tech products that can help them focus on growth and financial stability, according to the newly released Intuit QuickBooks Small Business Survey.
Anders CPA
JUNE 26, 2023
Anders has been honored by the St. Louis Post-Dispatch as a 2023 Top Workplace, ranking #28 in the Midsize Employer category. For 12 years, the St. Louis Post-Dispatch has recognized the importance of effective leadership, motivated workers and strong values through the Top Workplaces list. Top Workplaces are named based solely upon employee feedback gathered through a third-party survey administered by research partner Energage.
ThomsonReuters
JUNE 29, 2023
As most of us know, tax and accounting automation involves s treamlining and standardizing tax inputs and workflow processes using technology. The result is more accurate results in less time — and more time for rewarding, high-value work that engages staff and wows clients. While standard tax software offers some of these benefits, the most transformative results come as a result of the holistic integration of APIs.
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
JUNE 28, 2023
According to the recently released Thomson Reuters 2023 State of the Tax Professionals Report [ PDF ], talent is no longer firms’ most important priority. This is a significant shift from last year (see also: Finding/Retaining Staff and Challenges Working With the IRS Are Top PITAs for CPA Firms, Says AICPA Survey ) that could mean the so-called accountant shortage is over or it could be that firms have had long enough to figure out how to make things work with the existing resources they
CPA Practice
JUNE 27, 2023
By James Paille, CPP. The top five biggest challenges for firms in 2023 include the war for talent, rising salaries, a capacity crunch, burnout and staff retention. Further, keeping up with tech, the price of IT and cybersecurity also fall within the top 10 concerns. This is unsurprising as more than 300,000 accountants have left their jobs in recent years, and technology continues advancing to include cloud and automation.
Withum
JUNE 26, 2023
Withum is proud to share that Aaron Slaughter was named to the Washington Business Journal 40 Under 40 List for 2023. Aaron, who has over 12 years of experience in the industry, specializes in audits of multiemployer benefit plans and labor unions. He is a sought-after industry speaker, often speaking at multiemployer employee benefit plan conferences and providing training with the International Foundation of Employee Benefit Plans (IFEBP).
ThomsonReuters
JUNE 28, 2023
If you’re a tax firm leader looking to differentiate yourself from the competition, providing your clients with insight into their ESG data is a great way to set your firm apart. Let’s take a look at some best practices accounting firms can use to help clients overcome the challenges of ESG data collection and management. What are the challenges of ESG data collection?
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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.
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