CPA Practice

OCTOBER 11, 2023

Public accounting starting salaries for 2024 are expected to range between 7% and 38% higher than the national averages in eight of the top 10 cities in the U.S. with the highest cost of living. Last week, specialized staffing firm Robert Half released its 2024 Salary Guide , and an analysis of the pay data by CPA Practice Advisor revealed a 3.6% average increase in starting salaries for tax roles in public accounting next year and a 3.8% average increase in starting salaries for positions in au

public accounting 115

public accounting accountant salary Account accountant 115

Accounting Today

OCTOBER 11, 2023

New best practices to help practitioners prepare for the inevitable are just some of the new developments going on at the service, according to NCCPAP.

Tax 92

Tax 92

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. The 1,117 firms participating in the survey reported a fiscal year 2022 median growth rate of 9.1% in net revenue over the previous year, according to the 2023 National Management of an Accounting Practice (MAP) Surve

accounting firms 119

accounting firms Account accountant accounted 119

Going Concern

OCTOBER 11, 2023

Us olds are sitting this one out. The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and other stakeholders, has launched a survey to figure out why modern day accounting students and professionals are so uninterested in pursuing the CPA credential. ICPAS tackled the issue before in 2020’s A CPA Pipeline Report: Decoding the Decline but things have changed since then and young people who graduated into the pandemic may have unique pe

CPA 109

CPA accounting and finance Illinois cpas 109

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.

Account

CPA Practice

OCTOBER 11, 2023

Many areas of the economy have rebounded or thrived since the pandemic ebbed, but amid inflation and high interest rates, small businesses are increasingly turning to credit cards for operational and growth expenses. That’s according to a new report from Intuit , the makers of small business and individual tax and finance tools, in conjunction with leading global economist Professor Ufuk Akcigit and his co-authors at the University of Chicago.

quickbooks 116

quickbooks E-commerce accounting and finance Finance 116

Accounting Today

OCTOBER 11, 2023

The median growth rate hit 9.1% in net revenue in fiscal year 2022, according to a new survey, over double the 4.2% growth rate of fiscal year 2020.

cpa firm 120

cpa firm CPA 120

Accounting Today

OCTOBER 11, 2023

Nearly half the directors on corporate boards would like to see one of the other members replaced, but few changes are happening, according to a new survey.

Government 115

Government Account accountant accounted 115

CPA Practice

OCTOBER 11, 2023

Xero , a maker of small business management and accounting tools, has implemented a generative AI (GenAI) solution in Xero Central to help deliver accurate support answers faster for its millions of customers and users. In partnership with Coveo and powered by GenAI, generated answers are available in Xero Central – Xero’s customer support and learning site – and the feature is just one of Xero’s GenAI experiments announced recently at Xerocon Sydney.

bookkeeping 111

bookkeeping Account accountant accounted 111

Withum

OCTOBER 11, 2023

Businesses of all sizes and across industries face many challenges. In recent years, they have faced a global pandemic, natural disasters that include massive wildfires and hurricanes, rising costs of benefits, rising interest rates and workforce shortages. We know these challenges as national news outlets report on them daily. There is one area of concern for businesses that is not on this list, and it is cyber risks.

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CPA Practice

OCTOBER 11, 2023

By Amanda Wilkie. Change is the only constant. In today’s fast-paced accounting profession, staying agile and ahead of the curve requires firms to adopt new processes and technology. While we know such changes can drive efficiency and productivity, it’s not uncommon for technology and firm leaders to be met with apprehension, confusion and even resistance.

Start-ups 110

Start-ups Technology Account accountant 110

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Accounting Today

OCTOBER 11, 2023

A group of lawmakers is pushing tax officials to move up the start date for crypto brokerages and exchanges to report on clients' transactions.

Tax 88

Tax Start-ups 88

CPA Practice

OCTOBER 11, 2023

By Michael Bernard. State and local jurisdictions have increasingly turned to introducing new fees as they continue to hunt for additional revenue in response to federal COVID funding drying up and borrowing becoming prohibitively expensive. And while fees aren’t exactly sales and use taxes, they do greatly increase compliance complexity for indirect tax teams.

Minnesota 109

Minnesota Tax Colorado Oregon 109

Accounting Today

OCTOBER 11, 2023

A University of Denver professors suggests replacing the 150-hour rule with a four-year degree and two years of work experience.

cpas 123

cpas Education CPA Account 123

CPA Practice

OCTOBER 11, 2023

Mark Anthony Gyetvay, a former CPA in Naples, Florida, has been sentenced to 86 months in prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing to the IRS. Gyetvay was also ordered to serve three years of supervised release and to pay a $350,000 fine and approximately $4,021,074 in restitution to the United States.

Tax 105

Tax Florida tax return CPA 105

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.

Insightful Accountant

OCTOBER 11, 2023

Murph has once again compiled a synopsis of some of the key pieces of 'Business News' impacting both our US and international readership.

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CPA Practice

OCTOBER 11, 2023

October is National Financial Planning Month, making it the perfect time to consider your family’s future financial well-being, including your decision of whether you need life insurance. If, and how much, life insurance you may need varies depending on the stage of life you’re in. For instance, a new marriage or birth of a child tend to be top reasons for purchasing new or increasing one’s existing life insurance.

Illinois 98

Illinois Education CPA cpas 98

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal. The guidance was issued seven days before the 2022 calendar year federal tax extended deadline for S corporations and partnerships, and 38 days before t

income tax 80

income tax Tax accounting standards accounting and finance 80

Accounting Today

OCTOBER 11, 2023

When Caroline Ellison asked the former CEO in 2020 whether the line of credit would show up in FTX's audit, he said, "don't worry, the auditors aren't going to look at that," she testified.

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audit auditor 68

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

Technology

CPA Practice

OCTOBER 11, 2023

Now in its twelfth year, the AICPA & CIMA’s Women’s Global Leadership Summit is scheduled to take place from November 13 to 15 in Phoenix, AZ. The summit provides the opportunity for both women and men allies to engage in sessions on leadership, diversity and best practices to enhance the skills and potential of women leaders within the accounting and finance community.

accounting and finance 64

accounting and finance Arizona Finance Account 64

Accounting Insight

OCTOBER 11, 2023

Introducing Alex, an industry thought-leader. Alex is the CEO and Founder of multi award winning digital growth business, Soaring Falcon. They set up businesses online and eliminate most of the processing and typical pain points, while specialising in SaaS and UK Set Up’s. She is also a speaker, ACCA International Assembly Member, Xero’s MVP and APPG Advisor.

Start-ups 64

Start-ups accounting firms Account accountant 64

Menzies

OCTOBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. The business world has seen a surge in women-led businesses in recent years. The Rose Review , which first started charting the numbers of women in business in 2019, tells us that, in the UK: Over 150,000 new all-women led companies were founded in 2022 – more than ever before; 20.5% of new incorporations in 2022 were all-female led, up from 16% in 2018, all this despite the tough conditions of 2022; The biggest increase was among 16-25 year-ol

chartered accountant 64

chartered accountant Start-ups Education accounting firms 64

Accounting Insight

OCTOBER 11, 2023

As the accounting industry continues to evolve in an era of digital transformation, it’s crucial that we look into what is impacting practices today and tomorrow. From advancements in technology to shifts in work culture and regulatory changes, these trends are not only reshaping the way accountants work but redefining their role as trusted advisors in an increasingly complex financial world.

Account 64

Account accountant accounted Gaming 64

Advertiser: Paycor

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Accounting Today

OCTOBER 11, 2023

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

Legal 68

Legal Tax corporation tax 68

Going Concern

OCTOBER 11, 2023

Reuters reported yesterday that according to an internal memo someone slipped to them Deloitte is acquiring PwC’s Maldives and Sri Lanka network firms. After the deal, one of the largest such combination deals in the region, Deloitte will have 28 partners and 800 people, a person with direct knowledge of the matter said. PwC’s Sri Lanka and Maldives firms will join Deloitte with effect from Oct. 28, the memo said.

Technology 62

Technology audit 62

Accounting Today

OCTOBER 11, 2023

Whether a qualified, disclaimer or adverse opinion is given depends on the nature and scale of the problem, and some states had lots of problems.

audit 68

audit Government Account accountant 68

Withum

OCTOBER 11, 2023

On October 7, 2023, California Governor Newsom signed SB 253 and SB 261 , collectively known as the “California Climate Accountability Package,” into law. This law sends a clear message to corporations operating in the state: transparency in carbon emissions and climate risks is non-negotiable, and greenwashing will not be tolerated. Continue reading to delve deeper into the implications of these groundbreaking bills, their effective dates, and how they align with global climate disc

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California payroll Start-ups accounting and finance 59

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Finance

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. The 8th annual State of the AP Report, from MineralTree , a Global Payments (NYSE: GPN) company and accounts payable (AP) and payment automation solution provider, looked at progress in modernizing back-office finance processes for businesses amid the impact of multipl

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Finance AP Automation AP Processes Approval Workflows 59

Accounting Insight

OCTOBER 11, 2023

Accountex Summit Manchester welcomed the accounting and finance community to Manchester Central on the 19 September. Year on year the event has grown, with 2781 attendees from across the country, a 35% increase from 2022. Portfolio Director, Caroline Hobden commented “We were absolutely delighted to welcome even more visitors this year! The show had such a vibrant atmosphere, yet felt intimate and personal.

accounting and finance 59

accounting and finance quickbooks Finance bookkeeping 59

CPA Practice

OCTOBER 11, 2023

CohnReznick LLP has acquired the Public Sector Advisory Group from Exiger, a technology-focused risk and compliance services firm. CohnReznick is one of the leading advisory, assurance, and tax firms in the United States. The staff and contracts are being absorbed into CohnReznick’s rapidly expanding government advisory practice. Terms of the agreement were not disclosed.

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Construction audit Government Tax 59

Nancy McClelland, LLC

OCTOBER 11, 2023

I wrote a fabulously comprehensive article for MSN back in March about the various types of IRS transcripts, what they’re for, why you’d use one versus another, and how to download them. Some of my finest work, if you ask me… but today you don’t care about that. You just need to hurry up and file your tax return by Monday, October 16th, and you can’t find any of the paperwork you carefully saved to your Mac desktop , only to have it be deleted during an update.

tax return 52

tax return Tax Account accountant 52

Advertisement

"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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