Shay CPA

AUGUST 28, 2024

Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors and tax authorities require stay updated and accurate. While a month-end close delivers a number of benefits, it comes with one big drawback: the effort required to complete it.

accounting and finance 52

accounting and finance Finance CPA Expense Management 52

Canopy Accounting

AUGUST 28, 2024

Client standards are at an all-time high and accounting firms must prioritize a client-centric approach to stay ahead. Client-centric accounting focuses on enhancing the overall client experience by dedicating time, energy, and resources to meeting and exceeding client expectations. This approach is no longer just an option but a necessity for firms that aim to thrive.

accounting firms 96

accounting firms accounted Account accountant 96

CPA Practice

AUGUST 26, 2024

By Richard Corn. It can be difficult at times to achieve a proper work-life balance: we have to juggle our careers, families, friends, and other important responsibilities. When life gets busy, what often gets left behind are our hobbies. This can be frustrating, but even more so in the summer, when there are more family trips and activities we want to spend time on — and not spending time completing repetitive accounting tasks.

Technology 115

Technology Account accounted accountant 115

CPA Practice

AUGUST 27, 2024

New research by global small business platform Xero has uncovered a disconnect in payment expectations between US small businesses and consumers when it comes to the ways consumers want to pay and how small businesses want to be paid. Launched at Xerocon Nashville , is a Xero report that delves into changing payment habits among consumers and how small businesses are adapting.

accounts payable 111

accounts payable Account accounted accountant 111

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

BurklandAssociates

AUGUST 27, 2024

Tips and examples to help you present your startup's financial data to your board of directors with maximum efficiency and impact. The post Financial Reporting for Board Meetings for Early-Stage Startups – Part 2, Reporting Examples appeared first on Burkland.

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Going Concern

AUGUST 24, 2024

Some time last evening we received a quiet little tip about a firm we rarely talk about: Doeren Mayhew out of Troy, MI sold out to private equity on Wednesday. Press release coming soon. Junior partners are furious. Lo and behold, this press release appears on Doeren Mayhew’s website. It’s dated August 23 but wasn’t there when we searched for it late Friday.

CPA 118

CPA public accounting audit Sales 118

Accounting Today

AUGUST 26, 2024

Innovation and changes are hot topics, but many who talk about it or wish for it never seem to move forward or make changes.

Account 120

Account accounted accountant 120

Going Concern

AUGUST 28, 2024

Fresh off the big reveal of the 2024 Top 500 list , INSIDE Public Accounting has released another one of their yearly lists that tends to get less play than the big T100: Best of the Best. Of these “best” firms they say: What all the Best of the Best have in common is a focus on operational and financial excellence. Leaders don’t get so caught up in the day-to-day routine that they overlook the basics of running a business and running it well.

accounting firms 104

accounting firms Account accounted accountant 104

Insightful Accountant

AUGUST 26, 2024

A federal judge in Dallas has blocked the U.S. Federal Trade Commission's (FTC) near-total ban on noncompete agreements, which was set to take effect next month.

52

52

TaxConnex

AUGUST 27, 2024

Have Home Rule Jurisdictions Made the Burden of Managing Sales and Use Tax Too Much? As if managing sales and use tax obligations on a multi-state level wasn’t hard enough, some states make it even tougher with “home rule,” where jurisdictions are granted the authority to pass their own, additional tax laws. This can create deep confusion for businesses with no physical presence in a jurisdiction with these rules.

Colorado 264

Colorado Sales Tax Alaska 264

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

Accounting Today

AUGUST 26, 2024

Millionaires only accounted for 0.22% of total returns filed this year for the 2023 tax season.

tax return 135

tax return Tax accounted Account 135

CPA Practice

AUGUST 25, 2024

Determining the taxability of digital goods can be challenging for businesses. Most of us engage in many activities online, using software, reading ebooks, or streaming digital media for hours each day. Yet some states still haven’t clearly defined how sales and use tax applies to digital goods and services. To help you better understand digital products sales tax, this blog will explain: How do you define digital products for sales tax?

West Virginia 130

West Virginia Rhode Island South Carolina Tax 130

Going Concern

AUGUST 28, 2024

Someone brought it to our attention earlier that quite a few people on r/Deloitte are reporting dreaded “business update meeting” items being added to their calendars. We know what that means. The someone added: Just remember that Deloitte employees are never “let go” from their jobs, they are rightsized to align with the firm’s strategic objectives in light of economic uncertainty and sector level trends Well, apparently a lot of people in audit are being rightsize

audit 122

audit CPA 122

CTP

AUGUST 27, 2024

News headlines are making it clear that homeowners across the country are experiencing similar pains—a dramatic rise in their latest property tax bills. The average property tax bill in 2023 was $4,061, which amounts to a property tax rate increase of 6.9% , twice as much as the previous year. When clients come to you asking for help lowering their tax bill, do you know what your options are when it comes to property taxes?

Tax 105

Tax Real Estate Florida Construction 105

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

Accounting Today

AUGUST 29, 2024

This year's selection of outstanding firm leaders fill multiple roles with aplomb

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128

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Up to five additional products are also selected by the committee as award finalists.

Technology 124

Technology accounting firms Account accounted 124

Going Concern

AUGUST 30, 2024

StoneTurn’s Brad Wilson wrote an opinion piece for Bloomberg Tax about how business leaders can take proactive steps to address the accountant shortage and I am presenting it here for you to critique. According to Glassdoor , StoneTurn is a global professional services firm that works with law firms, corporations, and government agencies in solving the most complex and consequential business issues.

Account 115

Account accounted accountant Education 115

Xero

AUGUST 25, 2024

We’re committed to continuously improving your invoicing experience in Xero. And as we transition to the new version of invoicing, we’re continuing to roll out more features and enhancements designed to streamline your workflow and boost productivity. As a reminder, there are some important changes happening in Xero invoicing: Beginning the week of 2 September 2024 at 9am NZT, we will be defaulting users to the new version of invoicing experience on a rolling basis.

Tax 105

Tax 105

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Accounting Today

AUGUST 29, 2024

Some IRS policies may favor large multinational corporations that use foreign no-tax or low-tax jurisdictions for the sole purpose of avoiding paying U.S. taxes, according to a TIGTA report.

Tax 124

Tax 124

CPA Practice

AUGUST 29, 2024

Items of income and loss from an S corporation are passed through to shareholders and reported on their personal tax returns. However, as shown in a new case, Maggard, TC Memo 2024-77, 8/7/24 , an S corp shareholder may be liable for tax on income they never even receive. Basic premise: With an S Corporation, the owners are essentially taxed like partners in a partnership.

Tax 121

Tax tax return California Manufacturing 121

Going Concern

AUGUST 29, 2024

Announced yesterday, Eide Bailly (IPA Top 100 #18 with $705 million in revenue) has gotten itself into some kind of mutually beneficial arrangement with a wealth management firm that means EB Advisors joins that firm, Sequoia Financial Group, and Eide Bailly has an equity investment in Sequoia and they’re both servicing clients together. Or something.

North Dakota 111

North Dakota Mississippi accounting firms Account 111

Canopy Accounting

AUGUST 29, 2024

Panelists: Gail Perry, Editor, CPA Practice Advisor Roger Knecht, PB, PGE, VB, President, Universal Accounting Kyle Whittle, Director of Customer Onboarding, Canopy Canopy and CPA Practice Advisor partnered on a survey asking accountants how they saw the profession today and where they thought it would be in three to five years. In this engaging webinar a panel of accounting professionals will dive into the data, share their insights, and forecast where they see the profession going in the futur

Account 98

Account accounted accountant CPA 98

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Accounting Today

AUGUST 29, 2024

The 2024 MP Elite share their strategies for solving accounting's current talent shortage.

accounted 122

accounted Account accountant 122

CPA Practice

AUGUST 30, 2024

Research conducted by the Center for Accounting Transformation revealed that about one-fourth of accounting professionals would like to increase their activity in DEI programs. However, only about 30% of accounting organizations implement DEI initiatives. The findings were shared during the Center’s recent webinar on the research results, “The DEI Journey of Accounting Professionals – A Research Study Analysis,” which was hosted by Donny Shimamoto, CPA, CITP, CGMA, the founder and managing di

Account 116

Account accounted accountant CPA 116

Going Concern

AUGUST 27, 2024

Was “Coalition Against Scam and Scheme Threats” the best they could come up with for an official group against tax scams? America’s smartest tax-minded brains dug as deep as they could and that’s what they landed on? Well anyway, the CASST is here and as its name implies, it’s a group effort representing the Internal Revenue Service, state tax agencies, and all sorts of entities across the tax industry that’s meant to “combat the growth of scams and sche

Tax 111

Tax Education tax return Account 111

Withum

AUGUST 28, 2024

How could a company like Coca-Cola underpay its taxes by $2.7 billion, resulting in a total impact of $6 billion after penalties and interest are imposed? What gave rise to this astonishing tax bill? A global strategy by the multinational that may have been lacking in terms of full support of economic substance for each entity under scrutiny Challenges in navigating misaligned transfer pricing regulations around the world A different interpretation by the IRS and Coca-Cola of the functions perfo

Tax 98

Tax Non-Profits audit Advertising/ Marketing 98

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

Accounting Today

AUGUST 28, 2024

In 2023, 179,000 notices of federal tax lien were filed, down roughly 84% from the high in 2010 of nearly 1.1 million.

Tax 122

Tax 122

CPA Practice

AUGUST 28, 2024

By Augusta Saraiva Bloomberg News (TNS) A technical glitch prevented the U.S. government from sharing key payroll data on time last week, according to a spokesperson for the Labor Department, who acknowledged staff provided the numbers to callers before the release was made public. The episode has prompted steps to beef up data-release protocols at the Bureau of Labor Statistics, the DOL agency responsible for releasing high-profile economic reports such as monthly jobs and inflation figures.

payroll 116

payroll Washington Government 116

Going Concern

AUGUST 29, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years bu

Real Estate 106

Real Estate Account accounted accountant 106

Canopy Accounting

AUGUST 26, 2024

Profile Accountability Services is a forward-thinking accounting firm located in Seattle, Washington and Boulder Valley, Colorado. The firm, co-owned by Lera Kooper, Dave Fischer and Ernie Villany, emphasizes a modern approach to accounting that prioritizes work-life balance, scalability, and a client-centric focus. The firm provides tax, accounting, and advisory services, primarily catering to business owners with an entrepreneurial mindset.

Colorado 98

Colorado Account accounted accountant 98

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll