Accounting Insight

JULY 11, 2023

Research exploring how UK finance decision-makers plan, manage and deliver the finance function reveals that more than a third (39%) take over a week to prepare and submit month-end reports. Worryingly, almost one in five (17%) reported that it can take more than a fortnight – with unreliable data being the most significant cause of delay. Delayed month-end reporting places additional and unnecessary pressure on finance teams, as well as creating significant business risk by not providing crucia

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Going Concern

JULY 11, 2023

The Wall Street Journal wrote today about recent disclosures made by Advance Auto Parts, Joby Aviation, and Germany’s Evotec that specifically point to a lack of accounting staff as a contributor to or sole factor causing certain material weaknesses. It seems we are entering the “find out” phase of FAFO, the FA being shitty pay (and to a lesser extent, decades of ineffective recruiting strategies).

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TaxConnex

JULY 11, 2023

Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas. In recent years, families have spent almost a grand each on back-to-school clothing and supplies. This time of year is a trove for online sellers of these products and states seem to realize it’s time to ring the bell on sales tax breaks for back-to-school.

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Sales Tax Sports Mississippi 100

SMBAccountant

JULY 11, 2023

Running a small business comes with its fair share of challenges, especially when it comes to financial management. As a small business owner, understanding the importance of cash flow is crucial for the success of your venture. What is cashflow? Cash flow is the movement of money into and out of your business during a specific period. It represents the lifeblood of your company, allowing you to cover expenses, pay employees, invest in growth opportunities, and ultimately stay afloat.

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accounts payable Account accountant accounted 100

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

JULY 11, 2023

Overworked and under pressure, today’s accounting professionals face the harsh reality of time starvation. With a significant portion of their time taken up by workplace inefficiencies , strategic planning often falls by the wayside. Consequently, the ability to develop innovative solutions and implement growth strategies is compromised. Further, many leaders at the top look at the situation and the staff’s feelings on how much work is required and believe the mantra, “ This is just the professi

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Account accountant accounted Technology 105

Accounting Today

JULY 11, 2023

Leaders of the Senate Finance Committee are sending an open letter seeking input from experts, stakeholders and interested parties about how to adjust the rules for digital assets.

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Tax Finance 98

Accounting Today

JULY 11, 2023

The service and its Security Summit partners revived their summertime campaign to protect confidential client information against identity theft.

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Tax 98

CPA Practice

JULY 11, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has released its first-ever Global Sanctions Compliance survey. The survey canvassed decision makers at nearly 300 financial institutions around the world to understand how they are responding to Russia-related sanctions. Respondents included senior compliance professionals, senior management leaders and board members.

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Accounting Today

JULY 11, 2023

The board sanctioned the Top 20 Firm for failing to disclose SEC disciplinary proceedings within five months.

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CPA Practice

JULY 11, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the pros and cons, as well as the technologies and liabilities, of outsourcing tax and accounting tasking. Use the podcast player below to listen. (Transcript is below the podcast player.

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accounting firms Technology Tax Account 97

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.

ThomsonReuters

JULY 11, 2023

Facing a rise in client expectations and an increasingly complex regulatory environment , a growing number of firms are looking to transform their practice and take their advisory services to the next level. Is your firm among them? Accounting professionals have long been trusted advisors for their clients. That relationship was shifted into higher gear by the onset of the COVID-19 pandemic as many companies turned to their tax and accounting professionals to help keep their businesses afloat.

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tax preparation tax planning Tax CPA 75

CPA Practice

JULY 11, 2023

A new report from the Association of International Certified Professional Accountants representing AICPA & CIMA and North Carolina State University’s Enterprise Risk Management (ERM) Initiative found that 65% of senior finance leaders agree that the volume and complexity of corporate risks have changed “mostly” or “extensively” over the last five years.

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North Carolina accounting and finance Finance Education 95

Cherry Bekaert

JULY 11, 2023

Many organizations are opting to migrate from Lotus Notes to Microsoft SharePoint — both online and on-premises — for faster, simpler access to data and applications. In today’s evolving market, businesses need to adopt agile and flexible technology platforms that will enable collaboration and workplace productivity. In this second episode of Cherry Bekaert’s Digital Journeys podcast series, Trace Armstrong , Senior Manager in our Digital Advisory practice, reconvenes with Erin Robinson , Seni

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Technology Manufacturing 75

ThomsonReuters

JULY 11, 2023

Accounting firms turn to a three-tiered approach to uncover opportunities Accounting firms are severely impacted by the dynamic post-pandemic economy. Firms are faced with the external challenges of meeting new client demands, increasing compliance pressures, and tax law changes. They are also experiencing an internal struggle to cope with the decreasing talent pool and growing need to use technology to stay efficient.

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Technology Account accountant accounted 73

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

JULY 11, 2023

A financial services company headquartered in Los Angeles has bought a forensic accounting and litigation consulting firm based in Detroit.

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forensic accounting Account accountant accounted 75

Insightful Accountant

JULY 11, 2023

In this edition of Advisor Alliance, Murph introduces the benefits and rewards of becoming a Partner with Finale Inventory.

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Accounting Today

JULY 11, 2023

On his way to law school, Jimmy Chilimigras broke an eight-year record by becoming the youngest student ever to pass the CPA exam.

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Reckon

JULY 11, 2023

It’s here people! We’ve heard for many years that artificial intelligence would take the world by storm, “just you wait”. Well, the wait is over. With programs like Chat GPT4 booming onto the stage, and a variety of different programs in development, no doubt, small business owners with a sense of curiosity will already be scoping out which new technologies to harness.

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Technology Start-ups Sales 52

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

JULY 11, 2023

Next phases for the IRS; trust and bullies; tariffs' effects; and other highlights from our favorite tax bloggers.

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Tax tax preparation 75

Inform Accounting

JULY 11, 2023

Most people do not want to give money to the taxman when they die. However, while it is said that inheritance tax (IHT) is a voluntary tax that can be avoided by giving away money during your lifetime, there is the practical issue that people need money to live on while they are alive. This is compounded by the fact that most people do not know when they are going to die, making planning with any certainty difficult.

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CPA Practice

JULY 11, 2023

Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, is proud to announce the addition of seven new shareholders to its ownership group. “We’ve had another monumental year at Schneider Downs,” said Steven Thompson, Co-CEO. “Each of these talented individuals has demonstrated exceptional commitment to our clients and the Schneider Downs community, and we’re thrilled that they’re continuing to grow with the firm.

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Real Estate West Virginia Construction Manufacturing 52

Insightful Accountant

JULY 11, 2023

In this First Look, Liz Scott provides a comprehensive overview of BatchMaster, a software solution designed for mid-market manufacturing in various industries.

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Manufacturing 52

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

JULY 11, 2023

The New York State Society of Certified Public Accountants ( NYSSCPA ) is pleased to announce that Amy Williams, CAE, MPA, IOM, will serve as the 126-year-old organization’s next chief operating officer. Williams has over 28 years of executive-level experience working in association management. During her career, she has served as a chief staff executive for numerous clients of a large Association Management Company, which include the Society of Information Management, the Product Development

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New York cpas New Jersey Pennsylvania 52

Insightful Accountant

JULY 11, 2023

SmartVault's SmartRouting feature is helping UltraTax CS users unlock higher levels of efficiency, improving user experience and creating more collaboration.

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Accounting Today

JULY 11, 2023

These 15 resellers are the leading performers on this year's Accounting Today VAR 100.

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Insightful Accountant

JULY 11, 2023

More than 30% of Aussies find tax time stressful, while nearly 20% of them would prefer to clean up after their pooches than do their taxes.

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Tax 52

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Accounting Today

JULY 11, 2023

Device-as-a-service offers businesses a secure mobile solution that's easy to manage.

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accounting firms Account accountant accounted 73

Cherry Bekaert

JULY 11, 2023

GASB 99 – What Does It Do? Over the years, the Governmental Accounting Standards Board (GASB) has issued various pronouncements ambiguously named “Omnibus.” Omnibus statements are often overlooked for a variety of reasons: Omnibus statements rarely focus on one primary topic; they don’t pave new ground, but rather amend previously issued guidance. It is difficult to understand what is being amended.

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Government accounting standards accounting and finance financial statements 40

Accounting Today

JULY 11, 2023

The wealth management firm has made a strategic investment in a tax and advisory firm.

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Basis 365

JULY 11, 2023

As a business owner, one of your key responsibilities is to track your revenue and ensure that your business is profitable. However, if you offer services, calculating you revenue can be more complex than simply tracking sales of products. In this blog post, we’ll explore the key factors you need to consider when calculating revenue and provide some tips to help you ensure accuracy and maximize profitability.

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Non-Profits Technology bookkeeping Legal 40

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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