Wed.Feb 28, 2024

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Client Accounting Services to Help Drive Your Business

AccountingDepartment

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

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Burkland Expands Services for Clean Energy Startups

BurklandAssociates

New specialty consulting area provides accounting expertise and financial guidance tailored to the needs of Clean Energy startups. The post Burkland Expands Services for Clean Energy Startups appeared first on Burkland.

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R&D expensing gets another chance

Accounting Today

The ability to write off research and development expenses in the first year would be revived if the Senate ever manages to pass the Tax Relief for American Families and Workers Act.

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‘Where’s My Refund’ Tool Gets Updates – How to Estimate Your 2024 Income Tax Refund Date

CPA Practice

Updated: Feb. 28, 2024. The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund. “ When will I get my tax refund?

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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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How GenAI will shape the future for our customers

Xero

We shared a number of product and tech updates at Xero’s Investor Day in Melbourne on how we are bringing new capabilities to help Xero customers run their operations and manage their finances more efficiently. However, with Generative AI (GenAI) being one of the more recent exciting and emerging technology developments, it was one of the big areas we wanted to share more detail around how we are approaching it and how we see it impacting accounting in the future.

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It’s Time to Rethink Current Practices for CPA Firm Talent Management

CPA Practice

Here’s some news from the labor market that’s both good and bad for CPA firm leaders and other employers of accounting and finance talent. A Robert Half survey found that only 27% of workers in the profession are planning to look for a new job in the next six months. In a similar survey our company conducted in mid-2023, that figure was significantly higher — 41%.

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RightNow Conference 2024

CPA Practice

Top influencer keynotes, transformative tech insights and AI innovators converge to elevate the accounting profession at RightNOW 2024. May 14-16, 2024 | Austin, TX – Register Rightworks will set the stage for accounting and tax professionals to learn actionable insights, innovative strategies and best practices that modernize firm operations and fuel thriving businesses at RightNOW 2024.

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Spotlighting Women in Advisory Practice: “Create a culture where everyone is happy,” says Alicia Shaul, CPA firm entrepreneur

ThomsonReuters

Alicia Shaul ’s path to accounting was less than traditional. As an undergrad, she majored in political science and pre-law. She decided to skip law school and instead took a job as a bookkeeper, finding her chosen profession and going back to school to earn her CPA. Once, one of Shaul’s professors spoke about the importance of business development, saying that if you ever want to become a partner in a firm, you need to become a rainmaker and start bringing in your own work.

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SEC upped accounting, auditing enforcement in FY 2023

Accounting Today

The 83 publicly disclosed accounting and auditing enforcement actions represented the highest number of actions initiated since FY 2019.

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IRS enhances ‘Where’s My Refund?’ tool for 2024 filing season

Insightful Accountant

With millions of tax refunds going out each week, the IRS reminded taxpayers today that recent improvements to “Where's My Refund?” on IRS.gov provide more information and remains the best way to check the status of a refund.

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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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2024: The year of change management

Accounting Today

Start by identifying the why, who and how to make the most of every change.

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Thomson Reuters' Acquisition of Pagero Opens Doors for Growth Opportunities

Insightful Accountant

Accelerating the companies’ joint vision for a connected suite of e-invoicing and indirect tax solutions for customers across the globe.

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PCAOB dings EY and other big firms on latest inspections

Accounting Today

Ernst & Young issued a major mea culpa following a failed split of the firm.

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Randy Crabtree on Unlocking Success: The Expert's Guide to Thriving in Tax Season

Insightful Accountant

In a dynamic conversation, Gary and Randy explore ways for tax professionals to expand their business leveraging the U.S. Tax Code.

Tax 96
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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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How Veterans Are Becoming Warrior Strong

Withum

Explore Other Episodes #CivicWarriors #WithumImpact The post How Veterans Are Becoming Warrior Strong appeared first on Withum.

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Tax Season Credit Changes on the Horizon

Insightful Accountant

The Tax Relief for American Families and Workers Act is delayed in the Senate but may progress soon. If passed, tax law changes could impact mid-tax season.

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PCAOB Registration Isn’t a Seal of Approval, Regulator Tells Audit Firms

CPA Practice

A new rule proposed by the Public Company Accounting Oversight Board (PCAOB) on Tuesday would prohibit audit firms from making false or misleading statements regarding their registration status with the regulator to clients and potential clients. Under the Sarbanes-Oxley Act, public accounting firms must register with the PCAOB before they can prepare or issue an audit report for a public company or a broker-dealer.

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‘PCAOB-Registered Firm’ Doesn’t Mean S**t, Says PCAOB

Going Concern

Pictured: Seal of approval The Public Company Accounting Oversight Board has issued yet another proposal and at least this time it is a refreshing break from the usual extra work they love piling on already overworked auditors. Rule 2400, False or Misleading Statements Concerning PCAOB Registration and Oversight would, according to the PCAOB , “enhance public understanding and investor protection by establishing new restrictions on statements auditors can make concerning a firm’s PCAOB reg

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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

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The Nuances of Sales Tax Holidays For Skagit County Business Owners

SkagitCountyTaxServices

Firstly — a quick reminder for those of you working under a corporate status: we gotta file those returns for you by March 15th — so help us help you. Send us anything we’ve been asking for … today? ? Second — there are less than 30 days before the ERC withdrawal deadline ( March 22 ) is here. If you fell victim to the ERC mills and submitted a claim you shouldn’t have, there’s still time to fix that decision.

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What is the Difference Between Bookkeeping, Accounting, and the Role of the CFO?

Basis 365

Every business has the need for “accounting”. You’d think every business would then need accountants to help them out. If that’s the case, why are there bookkeepers and what do that do that an accountant does not? What about a CFO, are they an accountant? You’re not alone in understanding the differences as there isn’t really a common definition that everyone uses.

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EisnerAmper Offers Free Cybersecurity eBook

CPA Practice

Did you know that the average cost of a cyber breach last year was $4.45 million? And that number will only increase. If that isn’t scary enough, the bad actors are getting more sophisticated every day. Cyberattacks are a daily threat to any organization and can result in compromised data, damaged client relationships, financial cost, litigation, reputational harm and more.

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Liz Scott on Tech Selection: Empowering Accountants as Tech Advisors

Canopy Accounting

In this episode of Canopy's Practice Success podcast, Liz Scott discusses the critical aspects of technology in accounting. She draws an analogy between selecting tech apps and shopping for shoes to emphasize the need for careful selection to ensure they meet the firm's needs. The conversation covers the evolving role of accountants as technology advisors and the significance of managing a tech stack effectively.

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Recruit and Retain New Blue-Collar Talent

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.

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Sage Partners with AWS to Enable AI-Powered Solutions for Small and Mid-Sized Businesses

CPA Practice

Sage , a provider of accounting, financial, HR and payroll technology for small and mid-sized businesses, has signed a strategic collaboration agreement with Amazon Web Services. This agreement will significantly enhance how SMBs optimize their operations with generative artificial intelligence and tackle environmental responsibilities, with Sage Earth now available in AWS Marketplace.

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New partnership to bring bill pay capabilities to US customers

Xero

Paying bills and getting paid on time are critical requirements for small businesses to effectively manage cash flow. However, this is still a very manual process for small businesses. Our Money Matters report found many small businesses utilize multiple payment strategies to manage their cash flow. To tackle this problem, we have announced a new partnership with BILL , a leading financial operations platform for small and midsize businesses (SMBs), to bring bill pay capabilities to our US custo

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SEC Upped the Ante on Enforcement for Accounting and Auditing in FY 2023

CPA Practice

A new report released on Wednesday reveals that the Securities and Exchange Commission (SEC) increased accounting and auditing enforcement actions by 22% last year, but monetary settlements dropped for a second straight year. The report, SEC Accounting and Auditing Enforcement Activity—Year in Review: FY 2023 , from Cornerstone Research found that the SEC publicly disclosed 83 accounting and auditing enforcement actions in fiscal year 2023, up from 68 in FY 2022 and the highest number of action

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List of the Day: People Who Don’t Work at Deloitte Rank It As a Best Place to Work

Going Concern

Deloitte has another award to add to its large trophy case: At Deloitte US, we are a workplace for all. Incredibly proud to announce that we have been recognized as the Top Employer by CAREERS & the disABLED magazine! #BestWorkplaces [link] pic.twitter.com/djl6mJZQTD — Deloitte US (@DeloitteUS) February 18, 2024 It took some real digging to even find this magazine — there’s no direct link to it on Deloitte’s Awards and Recognitions page — but we did it.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

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IRS hires former Binance.US exec to beef up crypto expertise

Accounting Today

The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.

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Draffin Tucker Joins Forces With Baldwin & Associates

CPA Practice

Top 300 accounting firm Draffin Tucker has expanded into South Carolina by merging with Baldwin & Associates, an accounting firm offering financial and accounting services to clients in the greater Charleston area and along the state’s coast since 2003. “We have decided to join Draffin Tucker because we share the same values of integrity, quality, and personal attention to our clients,” Bob Baldwin, who leads Baldwin & Associates along with partners Alys Anne Dennis and Stephen Moose, sa

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EY Gave a Hilarious Excuse For Walking Away From This Awful Municipal Audit Client

Going Concern

Across the pond, EY is earning headlines for its abandoning the Wokingham Borough Council, a government locale in the southeast of England with a population of 177,500, after barely completing an audit for 2020/21. Bracknell News : Accountancy firm EY is responsible for carrying out the council’s annual external audits – examinations of its finances.

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Zoho dives into practice management

Accounting Today

The software vendor's recently released Zoho Practice aims to help small and midsized practices run themselves better.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.