Summit CPA
MAY 2, 2024
Fractional services are professional services offered on a part-time , for-hire basis. In this article, we are going to focus on fractional services in reference to fractional CFOs (Chief Financial Officer), but it is important to note that there are other forms of fractional services such as Fractional CMOs (Chief Marketing Officer), fractional COOs (Chief Operations Officer), fractional CTOs (Chief Technology Officer), and so on.
CPA Practice
MAY 2, 2024
The Internal Revenue Service is reminding taxpayers that May kicks off the season of disaster preparation with National Wildfire Awareness Month and National Hurricane Preparedness Week, May 5-11. With the tax deadline past and peak periods for disasters approaching, this is an ideal time to review and begin to protect important tax and financial information as part of a disaster emergency plan.
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Patriot Software
MAY 2, 2024
Canton, OH Patriot Software is proud to announce that its founder & CEO, Mike Kappel, has been selected by Ernst & Young LLP (EY US) as a finalist for the EY Entrepreneur Of The Year® 2024. Kappel is among 29 entrepreneurs selected by an independent panel of judges.
Accounting Today
MAY 2, 2024
The Consolidated Audit Trail is a database, one of the largest ever created, that is set to revolutionize how the agency monitors trading activity and spots potential misconduct.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Accounting Insight
MAY 2, 2024
Giving businesses more control to design a better future. Castaway Forecasting, the leading provider of business forecasting and modelling solutions, unveils Castaway Cloud, a new and powerful SaaS app designed to revolutionise how businesses manage their performance, planning and decision-making processes. With an array of features tailored to meet the evolving needs of modern business, Castaway Cloud empowers customers to prepare for, and navigate, uncertain times with confidence and agility.
Xero
MAY 2, 2024
We are thrilled to announce our UK Xero Award winners for 2024 , recognising the legends of the UK accounting, bookkeeping and app partner community. This year’s celebrations took place for the first time in Manchester at the iconic New Century Hall – a place built for legends. The venue has played host to music legends from Jimi Hendrix and Jerry Lee Lewis, to The Who and The Bee Gees.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
MAY 2, 2024
The Pennsylvania Institute of CPAs (PIPCA) has released a new report called CPA Talent Retention 2024: Keeping Your Best Performers , free to read for PIPCA members but we’ll have to settle for browsing the press release. Their research polled two distinct groups of professionals — entry- and mid-level CPAs nationwide who have left their firm or the profession within the last five years (“Career Changers”) and Pennsylvania CPAs with 3-10 years of experience who are still
Accounting Today
MAY 2, 2024
The Internal Revenue Service released an update of its Strategic Operating Plan, with improvements planned in services and technology for both taxpayers and tax professionals.
Patriot Software
MAY 2, 2024
Are all of your employees eligible to receive overtime pay? Some employees are exempt from overtime pay and minimum wage laws. Exempt employee qualifications are determined by the Fair Labor Standards Act (FLSA). To run payroll correctly, you need to be familiar with exempt employees. What is an exempt employee?
Accounting Today
MAY 2, 2024
A set of polls has found that leaders expect that generative AI will lead organizations to actually increase, not decrease, their headcount, at least in the short term.
Advertiser: Paycor
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Going Concern
MAY 2, 2024
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 skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. FTE Accountant | Candidate ID #16071602 Certifications: NA Education: BA Accounting in progress Experience (years): 7+ years of overall experience Work experience (deta
Accounting Today
MAY 2, 2024
EisnerAmper will be adding Edelstein; Simon, Krowitz, Meadows & Bortnick joined Marcum; LMC acquired Vogel; and Crete secured additional funding.
AccountingDepartment
MAY 2, 2024
Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.
Accounting Today
MAY 2, 2024
R&D amortization requirements are becoming a major issue for many companies, causing a significant tax burden they may not be able to handle.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
SkagitCountyTaxServices
MAY 2, 2024
Did you know the Financial Crimes Enforcement Network (FinCEN) has a YouTube page ? Guess everyone’s got one these days, huh? I bring this up because, on Tuesday, April 30th, they are hosting a little information-giving session on their channel about Beneficial Ownership Income reporting. I’ve mentioned BOI reporting previously as it’s something all corps and LLCs will need to make sure they are complying with by the end of the year.
LSLCPAs
MAY 2, 2024
Thinking about making the switch from QuickBooks Desktop to QuickBooks Online? Now’s the time to seize the opportunity! Starting July 31, 2024, Intuit will no longer sell subscriptions for the following products: QuickBooks Desktop Pro Plus QuickBooks Desktop Premier Plus QuickBooks Desktop Mac Plus QuickBooks Desktop Enhanced Payroll (No need to worry if you’re already.
CPA Practice
MAY 2, 2024
By Michael Stavola, The Wichita Eagle (TNS) A former Wichita Police Department associate accountant had a first appearance in court this week on charges accusing her of stealing money from the city. Shauna Marie Dickman, who appeared in Sedgwick County District Court on Tuesday morning, has been charged with two counts of felony theft, an April 2 complaint filed by the Sedgwick County District Attorney’s Office shows.
Withum
MAY 2, 2024
In a landmark move, the Drug Enforcement Administration (DEA) announced on April 30, 2024, that it will initiate the process of rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA), effectively recognizing its medical value and opening the door for more research and legal access. The decision comes after years of pressure from advocates, lawmakers, and scientists who have argued that the current classification of cannabis as a highly dangerous, addictiv
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
CPA Practice
MAY 2, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, look at Datamatics , a digital technologies, operations, and experiences company that enables hundreds of global enterprises to go “Deep in Digital” to enhance their productivity and customer experience to create a sustainable competitive advantage. Use the video player below to watch, or the podcast player below to listen to the podcast.- – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcripti
Withum
MAY 2, 2024
On March 19, 2024, Bengaluru, India, played host to the Microsoft AI Partner Training Roadshow. The event was a day-long event held at The Lalit Ashok and was attended by developers, sales and pre-sales professionals, data scientists, and innovative technologists. It was a platform for the “partners” of Microsoft to understand various AI offerings, get Microsoft AI training, hear about Microsoft AI products and learn from their experts about how to integrate these advancements into our customers
CPA Practice
MAY 2, 2024
A new survey from RSM US LLP, a provider of assurance, tax and consulting services for the middle market, shows most middle market organizations are adopting AI (78%) and generative AI (77%). However, 54% of those using generative AI find its deployment more challenging than anticipated. A strong majority (89%) of executive respondents to the survey — which targeted businesses with annual revenues of $10 million to $1 billion — report their organizations plan to boost their budgets around AI te
LSLCPAs
MAY 2, 2024
Preparing reconciliations is an essential function of an accounting department in local government finance departments. Reconciliations not only ensure the account balance in the general ledger is complete, but if done properly, they should also tell you if the account balance is correct. Unfortunately, this last step is often missed. In this article, we will.
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
CPA Practice
MAY 2, 2024
Big Four accounting firm Ernst & Young has acquired Nuvalence, a Troy, NY-based technology consulting firm that specializes in innovative artificial intelligence platform and product development. EY said in a news release that the acquisition will accelerate the delivery of platform engineering, product development, and generative AI platform-enabled services to organizations across industries and sectors.
Withum
MAY 2, 2024
As artificial intelligence (AI) continues to integrate into legal processes, the idea of utilizing large language models (LLMs) for interpreting contracts is gaining traction. These technologies offer significant potential to streamline and improve the precision of contractual analysis. However, before AI can fully take on this role, several fundamental challenges related to natural language understanding (NLU) and deterministic outputs need to be resolved.
CPA Practice
MAY 2, 2024
The Maryland-based accounting firm Simon, Krowitz, Meadows & Bortnick, P.A. (“SKMB”) has joined Marcum LLP, effective May 1, 2024. Established in 1959 and headquartered in Rockville, MD, SKMB has built an outstanding reputation for delivering innovative financial solutions and fostering strong client relationships. The combination brings SKMB’s talented team to Marcum, including two senior advisors and their associates with extensive experience in accounting, assurance, tax services, and bus
Inform Accounting
MAY 2, 2024
It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you give away sufficient assets at least seven years before you die so the value of your estate is sheltered by your available nil rate bands.
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CPA Practice
MAY 2, 2024
The business advisory firm EisnerAmper has acquired the Boston, Massachusetts-based CPA firm Edelstein & Company, LLP, in a combination expected to close in June 2024. Founded in 1968, Edelstein has 11 partners and a staff of more than 150 professionals. Named a top accounting firm in Massachusetts by the Boston Business Journal , Edelstein offers accounting, tax and advisory services for the food and beverage, healthcare, financial services, nonprofit, real estate, professional services, an
AccountingDepartment
MAY 2, 2024
Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.
CPA Practice
MAY 2, 2024
Top 10 accounting firm CLA (CliftonLarsonAllen) has acquired Ronald Blue & Co., an Atlanta-based firm that has provided tax, audit, and advisory services to clients for more than 45 years. Financial terms of the deal were not disclosed. Scott Engelbrecht “CLA continues to look for opportunities to have exceptional firms like this join us and grow our overall portfolio.
Accounting Today
MAY 2, 2024
$300 a scam; dead wrong; permanent problem; and other highlights of recent tax cases.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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