Mon.Jan 15, 2024

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Bridging the Gap: Strategies for Women’s Ascent in Accounting Leadership

Accounting Insight

According to the 2020 Accountancy Age “Top 50+50” survey, almost half of all certified accountants were women (45.47%). Women make up nearly half of all accountants globally, a testament to their talent and dedication to the field. However, their presence shrinks dramatically when it comes to leadership roles. Just 25% of partner positions at CPA firms are held by women, and only 17% of CEOs in finance and insurance are women.

Account 59
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New Jersey CPAs pitch accounting careers to high school students

Accounting Today

Over 60 members of the New Jersey Society of CPAs visited 65 high schools in the Garden State last fall to tell students about accounting careers and how to become a CPA.

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The Waterfront Project, Inc.

Withum

In this episode of Civic Warriors, we speak with Carol Sainthilaire, Executive Director, and Lissette Diaz, Legal Director, of The Waterfront Project, Inc.

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IFAC offers overview of accounting sustainability literature

Accounting Today

The International Federation of Accountants reviewed the most helpful research by academics, accounting organizations and firms on the role accountants are playing in ESG reporting and assurance.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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IRS Refund Race Is On As Free File Option Goes Live

CPA Practice

By Sam Becker, Fast Company (TNS) The Free File software service from the IRS went live on Friday, meaning taxpayers can start using it in the run-up to the official start of tax season on Jan. 29—which is when Americans can actually start filing their returns for the 2023 tax year. The IRS Free File system allows taxpayers with an adjusted gross income of $79,000 or less during 2023 to file and process a simple federal tax return for free.

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IRS offers guidance on emergency savings accounts

Accounting Today

The Internal Revenue Service provided initial guidance to aid employers in establishing pension-linked emergency savings accounts, an outgrowth of the wide-ranging SECURE 2.0 Act of 2022.

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More Trending

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Third-party Nomination Period for ProAdvisor Awards Extended

Insightful Accountant

Due a 10-day long technical glitch with Third-party nominations, Insightful Accountant is extending the 2024 ProAdvisor Awards Nomination-period by a Third-party until January 30, 2024.

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The tax year in review: Top federal developments in 2023

Accounting Today

It was an eventful 12 months for practitioners, with new legislation, regulations, court decisions and IRS pronouncements all impacting the tax landscape.

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New DOL Contractor Rule 2024: What to Know for Worker Classification 

Patriot Software

Not all workers are employees. Some might be independent contractors. Figuring out if your worker is an employee or independent contractor under the Department of Labor (DOL) guidelines can be difficult. The new DOL contractor rule 2024 aims to eliminate confusion. It provides detailed guidance on worker status.

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Art of Accounting: Heading toward the future

Accounting Today

If you want to grow, come up with a goal of where you would like to be in five years, and then decide on a first step toward that goal.

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How to Build the Ideal HR Team

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.

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IRS Provides Initial Guidance on Employee PLESAs

CPA Practice

The IRS on Jan. 12 issued preliminary guidance to help employers with implementation of pension-linked emergency savings accounts (PLESAs), specifically on the anti-abuse rules regarding these plans. Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution plans and are designed to permit and encourage employees to save for financial emergencies.

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CEOs look ahead to future growth of GenAI and sustainability

Accounting Today

CEOs are increasingly enthusiastic about deploying generative AI technology like ChatGPT as part of their strategic plans, but they're wary about climate change and regulations, according to a new survey by PricewaterhouseCoopers.

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Thomson Reuters Wins Bidding War for Payment Automation Company Pagero

CPA Practice

Thomson Reuters Corporation has acquired of approximately 53.81 percent of the shares in Pagero Group AB, valued at approximately $1.19 billion U.S. Pagero is a Sweden-based maker of automated payment, receivable, and document management solutions. The company had also attracted acquisition offers from Vertex and Avalara. Thomson Reuters increased its competing bid to 50 Danish Krones per share (apx. $7.34), a 25 percent increase from its prior bid.

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Take advantage of permitted absences for main residence relief

Inform Accounting

Main residence relief is a valuable relief which prevents a tax charge arising where a gain is realised on the disposal of a property which is your only or main residence. Where a property has been an only or main residence for some but not all of the period of ownership, the gain is sheltered to the extent that it is occupied as an only or main residence or a period of absence was a permitted period of absence.

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Planning Your Restaurant's Path to Profitability

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.

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Miami Developer Found Guilty of $900K Pandemic Loan Fraud

CPA Practice

By Jay Weaver, Miami Herald (via TNS). A notable South Florida developer was convicted in federal court Friday of falsifying paperwork and forging signatures on applications to obtain about $900,000 in government-guaranteed loans under an emergency COVID-19 relief plan for struggling businesses during the pandemic. The jury’s verdict against Eric Sheppard, perhaps best known for renovating the historic Carillon hotel on Miami Beach, was decidedly split.

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Case Study: Scaling Financial Success with Dynamics 365 Business Central: A Labor Union’s Transition from Quickbooks

Withum

Learn how in a joint effort with the client, the project successfully reduced manual processes, improved workflows and increased internal controls while increasing future scalability. Download a PDF of this case study. Executive Summary To modernize their technology, enhance financial insights and streamline operational efficiency, a not-for-profit organization partnered with Withum to successfully implement Microsoft Dynamics 365 Business Central ERP.

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The Tax Blotter – Jan. 2024

CPA Practice

The Tax Blotter is a round-up of brief news items relating to tax preparation, policy and legislation. Now that we have started another new year, there are several important tax dates to circle on your calendar or bookmark on your phone. Tax season kicks off. The IRS has announced that tax-filing season officially gets underway on January 29, 2024 (IR-2024-04, 1/8/24).

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Hyundai Offers $7,500 Cash Bonus for EVs to Match U.S. Tax Credits

CPA Practice

By Heejin Kim, Bloomberg News (TNS) Hyundai Motor Co. will give as much as $7,500 in cash bonuses for electric-vehicle buyers in the U.S., seeking to keep its cars competitive with automakers qualifying for tax credits under President Joe Biden’s Inflation Reduction Act. The discounts apply to the Ioniq 5, Ioniq 6, and Kona Electric, and the month-long incentive will last through Jan. 31, according to the Korean automaker’s website.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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