AccountingDepartment
OCTOBER 8, 2024
Budgeting is crucial for any business that wants to succeed in the long term. As a business owner of a small to medium-sized business, you may have experienced the challenges of creating and implementing a budget.
Canopy Accounting
OCTOBER 9, 2024
Accounting firms have a unique relationship with their clients, including their fiscal responsibilities and dedication to accuracy and transparency in their work. But, providing excellent service also comes with the challenge of managing client needs, individualized preferences, and their widely diverse business structures.
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CPA Practice
OCTOBER 9, 2024
By Amanda Tickel. The administration of tax is undergoing a significant transformation, driven by the rapid digitalization of processes and the integration of advanced technologies such as Generative Artificial Intelligence (GenAI). This evolution is not just a fleeting trend but a critical long-term priority for tax authorities and businesses alike.
Accounting Today
OCTOBER 7, 2024
The Center for Audit Quality and the Anti-Fraud Collaboration released a new publication on the role of the auditor in assessing and responding to fraud risk.
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.
RogerRossmeisl
OCTOBER 6, 2024
Businesses face uncertain conditions today, including geopolitical and cybersecurity risks, inflation concerns, environmental issues, and a lack of clarity about future tax laws and interest rates. Here’s an overview of how business valuation professionals factor these kinds of issues into their value conclusions. Market analysis Before crunching the numbers, valuators must fully understand the market conditions in which the subject company currently operates.
Accounting Today
OCTOBER 8, 2024
A survey of internal audit and IT leaders found that while they identity AI as a growing technology risk, they have the least confidence in their ability to evaluate and handle its risks versus other technologies.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
OCTOBER 10, 2024
The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.
Accounting Today
OCTOBER 7, 2024
Communications between you and your clients can contain sensitive information that neither of you would want distributed to others.
Going Concern
OCTOBER 8, 2024
Another small accounting firm has reported a data breach involving the protected health information of a whole lotta people. On October 7, Dohman, Akerlund & Eddy, LLC (or DA&E as we’ll refer to them for the remainder of this article) of Aurora, Nebraska sent out letters to 82,207 people whose data — including name, address, date of birth, Social Security number, medical treatment/diagnosis information, dates of service, health insurance provider name, health insurance claim
RogerRossmeisl
OCTOBER 6, 2024
Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding the reporting requirements of federal agencies such as the IRS. Does your business have to comply, and if so, what must you do? Here are some answers to questions you may have.
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.
BurklandAssociates
OCTOBER 9, 2024
California’s new tax laws limit NOL deductions and tax credits for startups, raising potential tax burdens. Here’s what founders need to know to stay ahead. The post Significant Tax Changes for California Startups Beginning in Tax Year 2024 appeared first on Burkland.
MyIRSRelief
OCTOBER 11, 2024
Enrolled Agent: Comprehensive Tax Services for Individuals and Businesses When it comes to managing your taxes, finding a qualified and reliable tax professional is crucial. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals.
Acterys
OCTOBER 11, 2024
Acterys has been named a Champion in the 2024 Enterprise Performance Management (EPM) Quadrant by SoftwareReviews. For the second consecutive year, Acterys has been voted into the top spot by its customers. Each year, SoftwareReviews presents the Data Quadrant Awards to top-performing software products based solely on authentic user reviews, without any paid placements or analyst opinions.
RogerRossmeisl
OCTOBER 6, 2024
The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their dreams of purchasing property. “The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” said National Association of Realtors Chief Economist Lawrence Yun.
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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.
CPA Practice
OCTOBER 8, 2024
According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm. In fact, according to the inaugural 2024 BDO Audit Innovation Survey , released on Oct. 7, the ability to leverage new technologies was a slightly more important factor that influences audit firm selecti
TaxConnex
OCTOBER 8, 2024
Search engines have conditioned all of us to find what we need to know with a few clicks. But not all search engines – or state tax websites – are created equal. What it’s like typing “sales tax” into that little rectangle with the magnifying glass on each state’s website? Which states are up front from the first click with what you need and who seems to almost delight in hiding their information?
Acterys
OCTOBER 8, 2024
Grappling with rising labor costs, ongoing talent shortages, and the increased complexity of aligning human capital investments with business goals? You need HR strategy and workforce planning systems that support a more strategic, data-driven approach. Only one-third of HR leaders feel confident in their organization’s ability to effectively use data in the workforce planning process, according to Gartner.
Accounting Today
OCTOBER 8, 2024
Proposals on the Corporate Alternative Minimum Tax and Alternative Fuel Vehicle Refueling Property Credit lead the wave of legislative and procedure changes out of the Internal Revenue Service last month.
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
CPA Practice
OCTOBER 11, 2024
Because of hurricanes Debby, Helene, and, most recently, Milton, all taxpayers in Florida now have until May 2025 to file individual and business tax returns and make tax payments, the IRS announced on Friday. As a result of Hurricane Milton—which hit the western coast of the Sunshine State during the late evening of Oct. 9 and crossed through Florida during the morning of Oct. 10—individuals and businesses in 51 counties will receive disaster tax relief.
Going Concern
OCTOBER 11, 2024
PE Hub is reporting that according to three sources, CohnReznick is in talks with William Blair — the Patty Stanger of private equity investments — to “gauge new capital sources of investment” in the next few months. CohnReznick has $150 million of EBITDA, they said. The firm is currently sitting at #16 on the INSIDE Public Accounting Top 100 with $1,052,365,413 in revenue.
Cherry Bekaert
OCTOBER 10, 2024
Contributor: Tiffany Rodi, Sales & Use Tax Senior Manager In today’s complex tax landscape, businesses must navigate a myriad of regulations that vary by state and region. Product Tax Codes (PTCs) play a crucial role in this process by determining the applicable taxability for goods and services, which are often taxed and treated differently depending on the state or jurisdiction.
Accounting Today
OCTOBER 10, 2024
A group of lawmakers has urged the IRS to loosen the identity verification requirements to access the new Direct File system by dropping the mandate to follow stringent ID.me standards.
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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.
CPA Practice
OCTOBER 8, 2024
As the rapid adoption of artificial intelligence (AI) transforms industries, organizations are becoming increasingly aware of the elevated risks it brings—particularly in the areas of cybersecurity and data privacy. The 12th Annual Global Technology Audit Risks Survey by Protiviti and The Institute of Internal Auditors (IIA) highlights how AI is reshaping the perception of existing risks, with 59% of IT audit leaders identifying AI as a significant threat over the next two to three years.
Withum
OCTOBER 10, 2024
The M&A market can be affected by a multitude of factors including political, economic, and social elements. Election cycles have historically impacted M&A activity and the current presidential election is no different. Prior to an election, there is always uncertainty as to the outcome and the potential effects of new policies. The M&A market is not insulated to this uncertainty.
Anders CPA
OCTOBER 9, 2024
Anders has been named to the St. Louis Business Journal’s list of Top 150 Privately Held Companies in St. Louis for the second time. Each year, the St. Louis Business Journal celebrates the largest and fastest-growing companies in our region. The Top 150 list features the top privately held local companies ranked in order by revenue. Coming in at #133, up from #145 in 2022, Anders is honored to make the list once again.
Accounting Today
OCTOBER 10, 2024
While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.
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.
CPA Practice
OCTOBER 9, 2024
A new report from cybersecurity solutions provider Heimdal Security revealed that finance and IT are the industries most targeted by job scammers. Employment scams are nothing new, but as technology like artificial intelligence advances, career experts have seen more scammers try to take advantage of job seekers. Job scams ranked among the top five most common scams last year, according to the Federal Trade Commission.
Withum
OCTOBER 7, 2024
Explore Other Episodes #CivicWarriors #WithumImpact The post Advocacy and Achievement With Blinded Veterans Association appeared first on Withum.
Insightful Accountant
OCTOBER 6, 2024
We've heard many of you express concerns over recent actions Intuit has taken. We want the opinions of you, our Accountant, Bookkeeper, Consultant, Enrolled Agent, ProAdvisor and Tax-preparer/Professional readers. Please take this short survey.
Accounting Today
OCTOBER 7, 2024
Companies increasingly expect their audit firms to leverage artificial intelligence to aid the audit process, according to a new survey from BDO.
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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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