Accounting Today

JULY 2, 2024

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

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Tax 126

Canopy Accounting

JULY 1, 2024

CAS firms focus on advisory accounting services rather than a compliance-heavy service. But, what exactly is it? Learn more below! By now, you’ve probably heard of CAS, CAAS, advisory accounting, accounting and advisory services—or whatever you want to call it! This trend in the accounting industry transitions to a focus on advisory accounting services rather than a compliance-heavy service.

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Ryan Lazanis

JULY 4, 2024

ChatGPT has taken the digital world by storm. Discover how this revolutionary AI chatbot can enhance accuracy and efficiency in your firm. The post ChatGPT Accounting: 13 Ways Accountants Can Use ChatGPT Now appeared first on Future Firm.

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accountant Account accounted 52

AccountingDepartment

JULY 4, 2024

Growing a business can be an exhilarating experience, but it comes with its fair share of challenges. One crucial area that requires meticulous attention is accounting. Proper accounting practices are the backbone of financial stability and growth, yet many small to medium-sized businesses (SMBs) often overlook them.

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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.

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SkagitCountyTaxServices

JULY 3, 2024

The barcode is so commonplace you kind of forget that it was the cutting edge of retail technology once upon a time. Now, you probably only think about it when you scan it at the register (BEEP). But this year is, in fact, its 50th anniversary. But, as commonplace as the barcode is, it’s facing an upgrade, aka the QR code — the more sophisticated, more informative, and more interactive improvement on the everyday barcode.

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Accounting Today

JULY 1, 2024

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

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CPA Practice

JULY 3, 2024

By Brad Barkin Small accounting and financial services firms are facing escalating operation threats and vulnerabilities. Cybercrime is on the rise, with PwC reporting a 30% higher risk of cybersecurity attacks for financial firms. Additionally, accounting, tax preparation, and bookkeeping firms are navigating a growing staffing shortage. Technology can address both of these problems, from improved cybersecurity platforms to artificial intelligence-based tools to take over the routine processes

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Technology accounting firms accountant Account 128

Accounting Today

JULY 1, 2024

Here's how to go beyond routine process automation and apply strategies that bolster efficiency, autonomy and value for the controllership function.

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Technology 101

CPA Practice

JULY 1, 2024

CPA firm leaders that view their multigenerational workforce as a source of competitive advantage have the right outlook. Sure, it can be challenging to create a cohesive and productive work environment when you have four or even five different generations working in your organization. But harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success.

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BurklandAssociates

JULY 2, 2024

As our special 100th episode approaches in September, we look back at inspiring stories and insights from the first half of 2024. The post Startup Success – Highlights from the Past 6 Months of Our Podcast Series appeared first on Burkland.

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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

Going Concern

JULY 2, 2024

The other day, BDO USA released a press release entitled “BDO Strengthens Audit Quality Commitment with Addition of Second Independent Member on Audit Quality Advisory Council ,”the content of which strongly suggests that their next Public Company Accounting Oversight Board (PCAOB) inspection is going to be hot garbage. No, not suggests.

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Accounting Today

JULY 5, 2024

Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.

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CPA Practice

JULY 2, 2024

By Sandi Smith Leyva. One of my favorite ways to use ChatGPT is for suggesting titles for articles, blogs, and email subject lines. Of course, it can also write articles, blog posts, email event notices, client correspondence, and social media posts, to name a few. In this article, I’ll focus on its ability to write good titles and subject lines as well as end with a somewhat creative approach to generating blog posts.

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ThomsonReuters

JULY 2, 2024

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. Generative Artificial Intelligence ( GenAI ) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making.

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corporation tax Tax Technology Gaming 109

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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.

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Going Concern

JULY 1, 2024

On November 15, 2023, EY announced then-Regional Managing Partner, EY Americas Financial Services Organization (FSO) Janet Truncale would be taking the reins from departing EY Global Chair and CEO Carmine Di Sibio and the baton would be officially handed off July 1. As in today. It was a given that Carmine, an enthusiastic promoter of the Project Everest plan to split audit and consulting practices , would probably make an exit after the much-hyped plan was shelved last April.

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Canopy Accounting

JULY 1, 2024

Darren Root will be sitting down with Canopy CEO Davis Bell to discuss the future of accounting and most of all, answering your questions. You can submit questions for Darren as part of the registration process for the webinar.

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accountant Account accounted 105

CPA Practice

JULY 2, 2024

By Sarah Lynch, Inc. (TNS) Companies are hiring—but in some cases, they might only be pretending to. Four in 10 companies have posted a fake job in the last year, according to 649 hiring managers in a recent survey from the job-seeking site ResumeBuilder.com. Some posted just a handful, while others—13 percent—posted 75 or more. Today, eight in 10 of companies that have posted a fake job posting still have one actively listed.

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Patriot Software

JULY 5, 2024

When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.

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accountant accounted Account 98

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

JULY 2, 2024

I’m in the middle of a tedious admin project that involves digging back through our archive to update old posts I’ve long forgot about and one such forgotten post I stumbled across was this: Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Seeing that post reminded me that some months ago, we were informed of yet another — perhaps even superior — remix of IRS hold

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New York Tax 110

Insightful Accountant

JULY 2, 2024

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

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CPA Practice

JULY 2, 2024

Tax practitioners continue to be targeted on a daily basis by cybercriminals whose objective is to steal their clients’ data so they can file fraudulent tax returns that better impersonate their victims and are harder to detect, the IRS warned on July 2. Through the spring, IRS stakeholder liaisons had received reports of nearly 200 tax professional data incidents potentially affecting up to 180,000 clients.

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ThomsonReuters

JULY 3, 2024

In a landmark decision, the Supreme Court overturned the longstanding Chevron doctrine, significantly altering the landscape of federal agency authority. The ruling, known as the Loper decision , marks a seismic shift in how federal agencies interpret and enforce statutes. Checkpoint Payroll Update recently spoke with Alexander T. MacDonald, Shareholder and member of the Workplace Policy Institute at Littler, to understand how the Loper decision may affect federal labor and employment law.

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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 29, 2024

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved her and they were eager to hire her immediately but in the end she declined their offer saying she talked it over with the firm she was with and decided to stay. Clearly her firm had sweetened the pot to entice her to stick around.

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auditor 110

Accounting Today

JULY 5, 2024

Whether there will be a next generation of accountants is, in many ways, up to all of us.

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accountant Account accounted 133

CPA Practice

JULY 5, 2024

IRS Commissioner Danny Werfel recently dropped by the studios of NBC10 in Boston to talk about tax scams, the agency’s Direct File tax-filing software, and how the IRS is trying to reach a younger audience via social media. That led to a discussion about Werfel’s cat, Emmett. Why? “We have just now started to put my cat Emmett out there as the expert on tax scams,” Werfel said during the interview.

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Tax online accounting accountant Account 115

ThomsonReuters

JULY 2, 2024

Jump to: The current state of GenAI training The future of GenAI training 5 ways tax professionals should prepare for expectations What to look for in an AI assistant 2024 GenAI in Professional Services Discover perceptions, usage, and impact on the future of work View full report As generative artificial intelligence (GenAI) continues to evolve, its impact on the tax profession is becoming increasingly significant.

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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.

Wellers Accounting

JULY 5, 2024

Chris Thompson speculates off the 2024 UK General Election result how the newly elected Labour government could raise taxes.

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Accounting Today

JULY 2, 2024

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

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Tax 126

CPA Practice

JULY 1, 2024

The Treasury Department and the IRS issued the much-anticipated final regulations on cryptocurrency broker reporting requirements June 28, after receiving more than 44,000 public comments on the proposed rules last fall. The regulations require brokers to report certain sale and exchange transactions that take place beginning in calendar-year 2025 on the soon-to-be released Form 1099-DA.

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GrowthForceBlog

JULY 3, 2024

7 min read July 3rd, 2024 Most commonly associated with weather, forecasting is also an essential business tool; it can be used to predict whether your business will experience a dry spell or a windfall and help you develop an effective strategy and boost the bottom line of your business. Key Takeaways How Forecasting Can Boost Your Bottom Line: So, forecasting is just one of several bottom-line-improvement strategies.

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accountant Account accounted 86

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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.