AccountingDepartment
AUGUST 22, 2023
In the pursuit of business growth and expansion, establishing a strong and effective financial management system becomes imperative. This encompasses precise record-keeping, timely reporting, and adherence to regulatory obligations. To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services.
TaxConnex
AUGUST 22, 2023
Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. If you’re in this industry, the last thing you need added to your load is sales tax. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. But sales tax has to be your concern if you engage in contracts in different states.
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ThomsonReuters
AUGUST 22, 2023
Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.
CPA Practice
AUGUST 22, 2023
The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has approved Malta and Somalia as new affiliates to its global federation, further extending The IIA’s extensive international reach. The addition of these two new affiliates expands awareness of the internal audit profession in the regions and provides forums for discussing emerging topics and challenges faced by practitioners
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 Today
AUGUST 22, 2023
Only 17% of executives now anticipate a recession, according to a survey released Tuesday by PricewaterhouseCoopers, and 74% believe they can attract and retain the talent they need.
CPA Practice
AUGUST 22, 2023
By Andrew Antos. According to a UBS Study, ChatGPT reached 100 million monthly active users two months after its launch in January, making it the fastest-growing consumer application in history. Businesses are still working through how to make this record-breaking consumer application relevant and lucrative for the enterprise and for industries such as accounting, heavy with administrative-filled, repetitive, number crunching processes, ChatGPT is turning out to be a game changer.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
AUGUST 22, 2023
A survey of more than 1,200 individuals working internationally shares the predicted impact that generative AI will have on the future of professional work. The survey showed 67% of respondents believe AI will have a transformational or high impact on their profession in the next five years. The survey, the Future of Professionals Report , was commissioned by Thomson Reuters , a global content and technology company.
Xero
AUGUST 22, 2023
The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want governments to do more, given the potential big impact to industries and the workforce.
Cherry Bekaert
AUGUST 22, 2023
New IRS General Legal Advice Memorandum The Internal Revenue Services (IRS) released a general legal advice memorandum (GLAM) that lists additional guidance on whether supply chain disruptions can create a partial suspension of operations on employers for purposes of the Employee Retention Credit (ERC). The IRS has been dealing with fraudulent and misguided applications surrounding a partial suspension of operations, including those caused by supply chain disruptions.
CPA Practice
AUGUST 22, 2023
The Illinois CPA Society (ICPAS)—one of the largest state associations serving the certified public accountant (CPA) community—is proud to share that its latest Insight Special Feature, “ A CPA Diversity Report: Uncovering the Barriers to Success ,” has been recognized with three distinguished publications competition awards this summer. The in-depth study and report on the state of diversity, equity, and inclusion (DEI) in the CPA profession was released in late 2022, in which it shares telling
Advertiser: Paycor
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Going Concern
AUGUST 22, 2023
I was going to say can we please get some better AI stock photos that aren’t totally corny but this one has a guy with a hilarious job-stopping tattoo so it’s not all bad. So IBM put two different studies together — one with 3,000 global C-suite leaders across 28 countries, another with 21,000 workers across 22 countries — and one thing they’ve learned is executives estimate that 40% of their workforce will need to reskill as a result of implementing AI and automati
CPA Practice
AUGUST 22, 2023
The Internal Revenue Service is reminding large trucks and bus operators with a taxable gross weight of 55,000 pounds or more to e-file Form 2290, Heavy Highway Vehicle Use Tax Return (PDF), by the Aug. 31, 2023, payment deadline for vehicles first used in July 2023. The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles operating on public highways.
Xero
AUGUST 22, 2023
Today marks day one of Xerocon Sydney and I’m so excited to share more details on a global initiative called the Xero Beautiful Business Fund. Last month on Xero Day, the anniversary of the day where it all started for us 17 years ago, we announced the Xero Beautiful Business Fund as a way to help our small business customers boost their growth plans and drive future success.
CPA Practice
AUGUST 22, 2023
By David Osborne. A global accounting industry survey of more than 6,000 accountants and auditors conducted earlier this year revealed the No. 1 challenge respondents currently face is attracting and retaining skilled talent. Like most sectors, the accounting industry is feeling the effects of the shift in the labor market as workers quit their jobs in search of better roles and greater job satisfaction.
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.
Accounting Today
AUGUST 22, 2023
New cybersecurity disclosure rules will encourage companies to formalize and standardize their IT security practices — and their accountants will help.
Xero
AUGUST 22, 2023
Wow! What an exciting first Xerocon as CEO. Day one was full of so many inspiring moments. Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. Being on the big stage to discuss the importance of Xero’s purpose and partnerships was not only a highlight, but also a privilege – as was seeing the rest of the day unfold.
Accounting Today
AUGUST 22, 2023
You got your taxes filed by the skin of your teeth last year and before. But what if you're audited? What if you need a loan? Are you ready?
CPA Practice
AUGUST 22, 2023
Top 20 accounting firm Eide Bailly said on Tuesday that it will be merging in Bessolo Haworth, a full-service accounting and financial services firm with offices in the Los Angeles, San Francisco, and Seattle areas, on Oct. 23. Once finalized, the merger will bring five partners and 20 staff into Eide Bailly and extend the firm’s footprint in California and the Greater Seattle area.
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
Accounting Today
AUGUST 22, 2023
For CFOs with passion for the industry and who are willing to buckle up for the long haul, the cannabis niche has plenty of potential.
CPA Practice
AUGUST 22, 2023
By Alex Tanzi, Bloomberg News (TNS) The wage floor for American workers climbed to a record high close to $79,000, according to a Federal Reserve Bank of New York survey released Monday that also found pay demands among women are rising twice as fast as for men. The average reservation wage—the lowest annual pay that workers would accept to take a new job—increased to $78,645 in July, according to the New York Fed’s most recent Survey of Consumer Expectations.
Accounting Today
AUGUST 22, 2023
Nearly half of respondents plan to change jobs in the next year, and 71% intend to move on within two years.
KROST
AUGUST 22, 2023
KROST recognized our new CPA licensees at the CalCPA LA Chapter New-Licensee & Honoree Night on August 17th. They celebrated at the exclusive City Club LA on the 51st floor of the City National Tower with spectacular views and delicious food and drinks. Congratulations to: Casey Cai, CPA Alexander B. MacKenzie, CPA Peter J. Minaian, Read the full article.
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.
Accounting Today
AUGUST 22, 2023
The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.
CPA Practice
AUGUST 22, 2023
By Joshua Tehee, The Fresno Bee (TNS) A former clerk with the IRS in Fresno, CA, was sentenced to just over a year for selling prescription pills that led to the death of a co-worker. Margarita Aispuro-Camacho pleaded guilty in February to charges that she sold morphine to a co-worker who was found dead of an overdose in an apartment in Clovis in May 2020.
Accounting Today
AUGUST 22, 2023
Most accountants and financial professionals think AI will make their individual skills even more highly valued, but many feel it will be the doom of their profession.
Accounting Insight
AUGUST 22, 2023
A recent survey by cloud pre-accounting platform Dext , has revealed the ongoing accounting pressures felt by small business owners at present. The survey of 250 small business leaders in the UK uncovered some major issues relating to the time required to complete bookkeeping tasks, visibility of finances, and general ongoing stress. It found that almost half (49%) are not using technology to automate bookkeeping processes, while 51% of respondents admit they wouldn’t know where to start with au
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Accounting Today
AUGUST 22, 2023
That's an improvement over the first quarter, where they lost twice as many as they won.
Menzies
AUGUST 22, 2023
Menzies LLP - A leading chartered accountancy firm. The conditions to apply the VAT exemption on admission to fundraising events were considered in detail in the Yorkshire Agricultural Society case. The VAT exemption must be applied if the conditions are met in full i.e. VAT is not applicable on the admission nor recoverable on the related costs subject to the usual VAT rules.
Accounting Today
AUGUST 22, 2023
Jobs are adversely affecting the wellbeing of many accounting professionals.
Insightful Accountant
AUGUST 22, 2023
According to the newly released Thomson Reuters 'Future of Professionals Report,' AI will have a 'transformational impact' on Professionals' work by 2028.
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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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