Canopy Accounting

OCTOBER 12, 2023

If you did a quick web search for “employee research group,” the results would give you the impression that their only purpose is to foster inclusivity and support diversity, but they offer so much more. It would also seem that they only make sense for larger organizations with groups of minorities or other shared dimensions of diversity. This emphasis on employee research groups (ERGs) as affinity groups for minorities might lead some to believe that small accounting firms may not benefit from

accounting firms 52

accounting firms Account accountant accounted 52

TaxConnex

OCTOBER 12, 2023

The past two years have seen nearly 46,000 M&As in the United States. It's clear that nothing can boost a business like the right merger or acquisition. Yet many of these deals tank: as many as 70% to 90%, Harvard Business School has reported. And one thing that can pound a stake through the heart of a promising M&A is unearthing past tax liability during due diligence.

Sales 113

Sales Tax audit tax return 113

CPA Practice

OCTOBER 12, 2023

By Gail Cole. Retail sales of guns and ammunition will soon be subject to a new state excise tax in California. Under Assembly Bill 28, which Governor Gavin Newsom signed into law on September 26, 2023, an 11% tax will apply to gross receipts from retail sales of ammunition, firearms, and firearm precursor parts starting July 1, 2024. Revenue generated by the tax will be deposited in a new Gun Violence Prevention and School Safety Fund.

California 124

California Sales Tax Pennsylvania 124

Going Concern

OCTOBER 12, 2023

Confronted by multiple reports of a culture that puts profit over people and rewards partners who bring in business regardless of how toxic the partners are, PwC Australia’s new CEO Kevin Burrowes — who is in his position because the last CEO had to resign in shame — is taking a unique approach to promotions. Rather than recognizing those individuals who play the game best, the firm is pivoting toward using merit as the ultimate measure and has six new leaders to prove it.

Construction 122

Construction Gaming Government Education 122

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

Accounting Today

OCTOBER 12, 2023

The number of students earning accounting degrees keeps falling, according to the latest figures released by the American Institute of CPAs.

accounting degree 138

accounting degree cpas Account accountant 138

CPA Practice

OCTOBER 12, 2023

By now we all know that artificial intelligence is a pretty powerful tool, and it can solve a lot of problems in the workplace. But some accounting firm partners and stakeholders may still not be convinced that they should invest in the technology and allow AI to be used by staff on certain projects. Nicole Sterling “When communicating the benefits of using AI to them, you need to do so in a compelling way and be able to get them to buy in to what you’re actually selling them,” Nicole Sterling,

Technology 119

Technology accounting firms Account accountant 119

CPA Practice

OCTOBER 12, 2023

By Shane Westra. Artificial Intelligence, or AI as it is regularly referred to…is undoubtedly the business buzzword of the year. This is for good reason because this technology continues to make many common business functions far more efficient than ever before, including new solutions that can help accounting firms advance their productivity and unlock more freedom for firm owners and employees.

Technology 119

Technology Account accountant accounted 119

Accounting Today

OCTOBER 12, 2023

In a dramatic reversal, just weeks before the 92-year-old was due to stand trial, Bernie Ecclestone agreed to a £652 million tax settlement that covers an 18-year period.

Tax 116

Tax 116

CPA Practice

OCTOBER 12, 2023

The number of students earning U.S. post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. Some 47,067 students earned a bachelor’s degree in accounting in the 2021-22 school year, down 7.8% from the previous year, according to 2023 Trends: A Report on Accounting Education, the CPA Exam and Public Accounting

Account 112

Account accountant accounted cpas 112

Cherry Bekaert

OCTOBER 12, 2023

For small and mid-sized technology companies, the path to success is often paved with groundbreaking ideas, relentless dedication and, increasingly, strategic financial planning. One such financial strategy that has gained prominence in recent years is the utilization of Qualified Small Business Stock (QSBS). This specialized category of stock offers a unique set of tax benefits and incentives for both entrepreneurs and investors, as it allows for the exclusion of capital gains when the stock is

Technology 106

Technology Tax Real Estate Account 106

Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

Accounting Today

OCTOBER 12, 2023

The PCAOB released a report that found 42% of auditing firms got at least one quality control criticism related to engagement quality reviews.

audit 117

audit 117

Going Concern

OCTOBER 12, 2023

The saga of KPMG and collapsed client Carillion has finally come to a close with an announcement today that the Financial Reporting Council is hitting the firm with a £26.5 million fine, reduced by 30% to £18.5 million due to the firm’s cooperation with the FRC’s investigation. But that’s not all! KPMG Audit Plc was also hit with a fine — £3.5 million reduced by 30% to £2.5 million — as were the two audit partners in charge of the Carillion work for years 2013-2018.

audit 101

audit auditor Hospitality accounting standards 101

CPA Practice

OCTOBER 12, 2023

By Melissa Hertell, CPA. Did you know that client-centric firms are 60% more profitable than non-client-centric competitors? If you want to build a firm that generates more profits, understands its clients better and builds loyalty simultaneously, you need to reprogram your firm. How? I’m going to show you the steps I’ve taken to create a client-centric firm that better meets the needs of its ideal clients.

Non-Profits 98

Non-Profits Education bookkeeping services CPA 98

Cherry Bekaert

OCTOBER 12, 2023

In this episode of Cherry Bekaert’s Government Contracting podcast, Brendan Halloran , a Director in Cherry Bekaert’s Government Contracting Industry practice ,and Jeff Annessa , a Senior Manager in the Firm’s GovCon practice continue our Contractor Business Systems series, discussing system reviews, audit findings, corrective actions, and ACO determinations.

audit 96

audit Government 96

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.

CPA Practice

OCTOBER 12, 2023

By Marguerita Chang, Kiplinger Consumer News Service (TNS) Higher education costs are still on the rise. Tuition inflation at public four-year colleges averaged 12% from 2010 to 2022, according to the Education Data Initiative. With this surge and the resuming of student loan payments this month, it’s no surprise families are looking closely at their 529 plans.

Education 98

Education income tax Tax Washington 98

Cherry Bekaert

OCTOBER 12, 2023

The Federal government has used Working Capital Funds (WCFs) for over 100 years. They established the first revolving fund around 1878 for the Navy. The ultimate objective of WCFs is to eliminate duplication of services by leveraging economies of scale, streamlining and standardizing business processes, simplifying funding and consolidating acquisition strategies.

Government 92

Government 92

Accounting Today

OCTOBER 12, 2023

The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.

Tax 115

Tax 115

GrowthForceBlog

OCTOBER 12, 2023

7 min read As small and medium-sized businesses grow, business owners can quickly find themselves overwhelmed by the back office. While bookkeeping and accounting are important for tax and compliance purposes, they are also essential to the execution of your business plan, strategic planning, financial health, and growth.

bookkeeping 89

bookkeeping Tax Account accountant 89

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

Accounting Today

OCTOBER 12, 2023

Since crypto's meltdown in 2022 the digital asset industry has come to rely on "proof of reserves" as the go-to attestation, from an internal accounting and market reassurance perspective.

Account 84

Account accountant accounted Technology 84

AccountingDepartment

OCTOBER 12, 2023

Inventory management is crucial for any business, regardless of its size or industry. But, as a business owner, you may wonder how often you should perform a thorough inventory check.

quickbooks 83

quickbooks 83

Accounting Today

OCTOBER 12, 2023

No temporary solution; cooking some books; French connection; and other highlights of recent tax cases.

Tax 112

Tax tax preparation 112

ThomsonReuters

OCTOBER 12, 2023

Jump to: Do U.S. expats pay taxes? Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. citizens living abroad, often referred to as expatriates or expats, are generally required to file U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status.

Tax 75

Tax tax return income tax tax preparation 75

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

OCTOBER 12, 2023

"These findings are damning," Jon Holt, chief executive officer of KPMG in the U.K., said. "It is clear to me that our audit work on Carillion was very bad, over an extended period.

audit 79

audit Account accountant accounted 79

KROST

OCTOBER 12, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Protecting Your Assets and Legacy: Estate & Trust Management in Sports and Entertainment” by Brad Pauley, CPA & Richard Umanoff, CPA, MBA For athletes, actors, and other high-earning professionals in the sports and entertainment industry, managing assets and planning for Read the full article.

Entertainment 75

Entertainment Sports CPA 75

Accounting Today

OCTOBER 12, 2023

The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the U.S. corporate tax rate.

Tax 90

Tax corporation tax audit 90

Insightful Accountant

OCTOBER 12, 2023

Digitization of accounts payable tops finance leaders’ priorities for third consecutive year in MineralTree’s annual 'State of AP Report.

Finance 76

Finance accounts payable Account accountant 76

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Accounting Today

OCTOBER 12, 2023

CohnReznick acquired Exiger's public sector advisory group; DJH Mitten Clarke acquired Revell Ward, Lyon Griffiths, and Haines Watts' Altrincham office; and OD Accountants acquired Probusiness.

Account 65

Account accountant accounted 65

Withum

OCTOBER 12, 2023

The Fall issue of Dealer Vision revs up with essential insights for the dealership industry! Learn how dealerships can be proactive and prepare for inevitable economic challenges, re-examine your warranty reimbursement strategy and get up to speed on Form 8300 and the electronic filing process. Inside This Issue Form 8300 Process Changes — Electronic Filing and What to Know AB-179 Warranty Reimbursement: Now Is the Time To Revisit It’s Not If…But When: How Dealerships Can Be Proactive Now To Be

64

64

Accounting Today

OCTOBER 12, 2023

The Task force on Climate-related Financial Disclosures is seeing more than half of companies issuing at least a handful of the disclosures it recommends.

Account 70

Account accountant accounted 70

Insightful Accountant

OCTOBER 12, 2023

Take a look at Intuit's bold goals, new strategy and five big bets for the company's future.

89

89

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.

cpa firm