Going Concern

OCTOBER 23, 2023

Article image obviously generated by AI. Reported by Bloomberg last week , PwC is putting AI to work. Officially. PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. [emphasis ours] The accounting firm will use AI to consult on complex matters in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance is

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Technology Legal New York audit 120

Airbase

OCTOBER 23, 2023

In the world of finance and procurement, accuracy and accountability are paramount. Every organization strives to maintain a meticulous record of its financial transactions while safeguarding itself against errors and fraud. Three-way match has long been an important control measure practiced by accountants to make sure that what was purchased, what was received, and what was paid are fully aligned.

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accounts payable AP Automation Technology accounting and finance 130

Accounting Today

OCTOBER 23, 2023

The Virginia Society of CPAs is partnering with 10 other state CPA groups to offer a course on artificial intelligence and where it fits in with accounting ethics.

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CPA Virginia cpas Account 124

CPA Practice

OCTOBER 23, 2023

By Bob Haegele, Bankrate.com (via TNS). As inflation lingers, the Social Security Administration (SSA) is boosting its cost of living adjustment (COLA) for benefit checks in 2024. It’s just one of many changes announced by Social Security recently. More than 71 million people depend on one of Social Security’s benefit programs, so annual changes to the program and its payouts are always highly anticipated.

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Start-ups Tax Account accountant 116

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 23, 2023

Bob Lewis of the Visionary Group examines the opportunities private equity firms are creating in accounting, what it will mean for your firm, and how it will play out in the future.

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CPA Practice

OCTOBER 23, 2023

By Richard Corn, CPA. Accounting firms are continuously innovating, developing new offerings and finding new ways to stand out in a crowded field. While many firms are (understandably) focused on securing new clients, in this competitive landscape complicated by increasing market challenges, it is as important as ever for firms to retain their existing clients as well.

Technology 115

Technology audit Expense Management CPA 115

Anders CPA

OCTOBER 23, 2023

Anders is proud to announce that Lesley Sanchez, CPA , Audit and Assurance partner, has been named a 2023 MOCPA Woman to Watch. The Missouri Society of Certified Public Accountants (MOCPA) and the American Institute of Certified Public Accountants (AICPA) have partnered to recognize and honor outstanding women in the accounting profession through the Women to Watch Awards since 2006.

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Missouri audit public accounting CPA 111

CPA Practice

OCTOBER 23, 2023

A new survey from Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, revealed that chief financial officers (CFOs) are focused on profitability despite the uncertain interest rate outlook and global economy. The Q3 2023 CFO survey found 28% of CFOs are pessmistic about the economy, which represents a seven percentage-point increase since last quarter.

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Technology Finance audit Tax 111

Accounting Today

OCTOBER 23, 2023

The ethics of the profession and the trust they build with clients will protect accountants from outside competitors.

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Insightful Accountant

OCTOBER 23, 2023

It's 'Top 100 Tuesday' and Murph wants to help tune you in to the various changes and enhancements to this year's 2024 ProAdvisor Awards. Remember, the start date is just around the corner.

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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 23, 2023

Lots of outsiders are disrupting accounting; it's time for accountants to disrupt back.

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Account accountant accounted accounting firms 124

Patriot Software

OCTOBER 23, 2023

Are you an Illinois employer? Do you provide paid time off (PTO) to your employees? Beginning in 2024, providing paid time off is no longer a choice—it’s a state mandate. In March 2023, Illinois Governor JB Pritzker signed SB208 into law, requiring Illinois paid leave.

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Illinois payroll 83

Withum

OCTOBER 23, 2023

Maintaining efficient inventory management and accurate financial reporting is paramount in today’s rapidly evolving business landscape. As businesses grow and expand, traditional inventory tracking methods such as spreadsheets and basic accounting software, often prove inadequate and lead to additional manual tasks or inaccurate data. This is where modern and efficient cloud Enterprise Resource Planning (ERP) solutions come into play, providing comprehensive tools and benefits that stream

NetSuite 75

NetSuite audit general ledger accounting and finance 75

Insightful Accountant

OCTOBER 23, 2023

HubSync's John McGowan discusses the challenges for navigating legacy systems in the tax and accounting landscape—and where the solutions may be.

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Account accountant accounted Tax 81

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

OCTOBER 23, 2023

The 15% global minimum tax on corporate profits is likely to generate only a fraction of the tax revenue expected, according to a new report.

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Tax corporation tax 73

CPA Practice

OCTOBER 23, 2023

Top 40 accounting firm LBMC, which is based in Brentwood, TN, is merging in Louisville-based CPA firm Strothman & Co. on Nov. 1, expanding LBMC’s geographic footprint across multiple states. Financial terms of the deal were not disclosed. The Strothman & Co. transaction will add 60 professionals and brings LBMC to a total of five locations, with more than 850 team members, serving more than 11,000 clients across the nation.

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Kentucky cpa firm CPA Indiana 59

Accounting Today

OCTOBER 23, 2023

Regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China.

audit 65

audit Tax 65

CPA Practice

OCTOBER 23, 2023

A new report from the staff of the Public Company Accounting Oversight Board (PCAOB) reveals that 42% of firms the PCAOB inspected in 2022 had a quality control criticism related to engagement quality reviews (EQRs), up from 37% in 2020. The staff report, “ Inspection Observations Related to Engagement Quality Reviews(PDF) ,” focuses on the PCAOB-mandated EQR process, in which a reviewer who is not part of the engagement team evaluates significant judgments made by the audit engagement team.

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audit auditor Account accountant 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

OCTOBER 23, 2023

The Top 40 Firm is expanding its presence in the Lone Star State by adding a firm based in San Antonio.

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Texas 88

CPA Practice

OCTOBER 23, 2023

Accounting and payroll software maker IRIS Software Group , and QuickFee , a payments solution provider, have partnered to drive efficiency in critical business functions for accountants across the Americas. The partnership includes both QuickFee Connect and QuickFee Finance which provides e-invoicing and online payment options through integration with IRIS practice management solutions and a pay overtime option.

accounting firms 52

accounting firms Account accountant accounted 52

Withum

OCTOBER 23, 2023

Ready to embrace the power of low-code/no-code solutions? Download Guide The Power Platform is a game-changer, but many enterprises face challenges in harnessing its full potential. IT departments struggle to initiate governance. Enterprise architects worry about the lack of oversight. Citizen Developers need structured support. Our new guide addresses these challenges and provides you with best-practice guidance to build your governance framework and roadmap.

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Government Gaming Start-ups 52

CPA Practice

OCTOBER 23, 2023

Modern Treasury , a payments operating system, revealed today, has debuted new AI Reconciliation Suggestions tool it says will enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers. Deploying AI for specific use cases, especially those that involve massive data sets that machines are better equipped to parse than humans, will help Modern Treasury customers and their finance teams improve speed and efficiency to achieve business outcomes

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Technology Gaming Finance Sales 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.

Accounting Today

OCTOBER 23, 2023

Buying a practice has many triggers that can be pushed to make something go wrong.

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Account accountant accounted 70

Canopy Accounting

OCTOBER 23, 2023

What's new: Within our custom reporting and dashboard tool (Insights), users can utilize natural language processing to create visualizations.

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CPA Practice

OCTOBER 23, 2023

Oracle NetSuite has announced a series of new product innovations to help organizations reduce costs and run more efficiently so they can grow their top and bottom lines. The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new capabilities that help finance and customer experience professionals improve the speed and accuracy of business pro

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NetSuite E-commerce accounting and finance Technology 45

Going Concern

OCTOBER 23, 2023

Hey, it’s Monday. So here’s a few things going on in our corner of the world. Kelly and Marshall Goldsmith lie about why the best performers leave accounting firms in a Chief Executive article about the right way to lay people off : Go out of your way to communicate to your top performers that you value their work and want to keep them. A few years ago, we reviewed research from one of the world’s leading accounting firms.

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Account accountant accounted accounting and finance 67

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Finance

CPA Practice

OCTOBER 23, 2023

Accounting firms know that offering only tax preparation services makes maintaining consistent cash flow and workloads throughout the year challenging. During the busy season, you’re very busy and the cash flow is nice, but after that, things slow down considerably. Adding financial services to your accounting firm can help bridge the gap and allow you to have a consistent workload year-round.

accounting firms 105

accounting firms Account accountant accounted 105

CPA Practice

OCTOBER 23, 2023

Joshua Lance, founder and managing director of Chicago-based Lance CPA Group and a six-time “40 Under 40” honoree by CPA Practice Advisor , passed away on Oct 21. He was 40 years old. According to a Facebook post by his mom, Carole Lance, Josh was diagnosed with bile duct cancer last December. Carole posted on Facebook yesterday that Josh died early Saturday morning surrounded by loved ones.

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CPA cpa firm Vermont Start-ups 126

CPA Practice

OCTOBER 23, 2023

The U.S. Department of the Treasury has released a report card detailing how the department’s implementation of federal investments in entrepreneurs and small businesses – including those in the American Rescue Plan – are sustaining the continued record growth in small business creation. These programs are key to the strategy to strengthen the small business creation by expanding access to capital and customers, and by providing entrepreneurs the resources they need to succeed.

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CPA Practice

OCTOBER 23, 2023

Vertex, Inc. has announced at its 2023 Vertex Exchange conference a partnership with Pagero, a global network leader for the exchange of invoices and other business documents. The partnership enables a seamless solution that allows businesses to ensure continuous indirect tax compliance and bring efficiencies to their invoicing lifecycle, all within a single cloud platform.

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Tax B2B Technology Finance 59

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"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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