Wed.Jan 17, 2024

article thumbnail

Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

Account 85
article thumbnail

The Economic Outlook for Startups in 2024

BurklandAssociates

There are good reasons to be optimistic heading into 2024. Startup founders are advised to remain patient, listen closely to the market, and stay on top of tax obligations. The post The Economic Outlook for Startups in 2024 appeared first on Burkland.

Tax 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

article thumbnail

Deloitte Is Getting a New Office in Dallas

Going Concern

Fresh from Dallas Morning News : Another major tenant in one of downtown Dallas’ legacy skyscrapers is headed Uptown to a new building. Professional services firm Deloitte LLP plans to relocate its Dallas office from the former Chase Tower to the 23Springs office tower under construction in Uptown The new space is not just new to Deloitte, it’s brand new to everyone.

article thumbnail

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.

article thumbnail

Nancy McClelland on Balancing Passion, Work, and Maintaining the Human Touch in AI

Canopy Accounting

Nancy McClelland, CPA & Owner of The Dancing Accountant discusses how she balances her love for dance, her passion for her profession, and her commitment to creating a caring and supportive workplace. It explores the opportunities and challenges presented by AI in accounting, showcasing Nancy's enthusiasm for embracing technology while also prioritizing the human element.

CPA 111
article thumbnail

Year-End Bonuses Shrunk 21% in 2023

CPA Practice

By Matthew Boyle, Bloomberg News (TNS) U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year , according to payroll software company Gusto, which tracks payments made by more than 300,000 small businesses.

More Trending

article thumbnail

Intuit Sues H&R Block for Using ‘Misleading’ Marketing to ‘Tarnish’ the TurboTax Brand

CPA Practice

By Sam Becker, Fast Company (TNS) Who says tax preparation has to be boring? Intuit, the maker of popular tax-prep software TurboTax (and many other programs), filed a lawsuit against H&R Block, one of its main competitors, claiming that H&R Block is engaging in “false and misleading marketing through which H&R Block is attempting to gain an unfair competitive advantage and tarnish TurboTax’s hard-earned reputation in the online tax-preparation space.

article thumbnail

Oracle NetSuite Analytics Warehouse Driving Retail Growth

Insightful Accountant

Retailers are unlocking their data to drive growth with the AI-powered insights delivered by NetSuite Analytics Warehouse.

NetSuite 103
article thumbnail

Intuit sues H&R Block over marketing claims

Accounting Today

Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.

article thumbnail

Old Guy at PwC Wants Young People In the Office Because Something Something AI

Going Concern

Someone tweeted this to us yesterday and the topic looked so familiar we got confused, it seemed exactly like this story from last June (because who looks at publication dates right?). The tweet: What a coincidence that AI is going to lead to the things executives wanted to do anyway, like mass layoffs and forcing people back into the office pic.twitter.com/Ev0FdPYpZW — McRib Hard Seltzer (@kleib323) January 16, 2024 And this is from “ PwC Chair Basically Threatens AI Will Replace Yo

article thumbnail

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.

article thumbnail

Complexities abound in debt and equity accounting and valuation

Accounting Today

What are the major accounting considerations when evaluating complex debt and equity financial instruments?

Account 94
article thumbnail

Small Business Jobs See Small Decline as Overall Jobs Increase

CPA Practice

At the end of the final quarter of 2023 (October to December), U.S. small businesses with 1 to 9 employees employed 13,281,000 people nationally, according to the latest estimate from the Intuit QuickBooks Small Business Index. This is 14,000 fewer jobs than the previous quarter, following two months of declining small business employment in October and November (down by 0.11% and 0.28%, respectively) and a rebound in December, when employment increased by 0.28%.

article thumbnail

Fujitsu takes $1B knock as post office scandal escalates

Accounting Today

Glitches in the Japanese technology titan's Horizon software led to hundreds of local U.K. sub-postmasters being wrongly convicted of theft and false accounting.

article thumbnail

What Does a Supreme Court Case About Fishing Have to Do with the IRS?

CPA Practice

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) What do commercial fishing boats have to do with the IRS and potentially your taxes? That’s a question on some people’s minds as the U.S. Supreme Court hears oral arguments in Loper Bright Enterprises v. Raimondo. The Loper Bright dispute is about a regulation by the National Marine Fisheries Service that requires commercial fisheries to pay about $700 daily for an industry monitoring program.

Legal 64
article thumbnail

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.

article thumbnail

PE firm Trinity Hunt Partners forms Springline Advisory with MarksNelson

Accounting Today

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

Kansas 68
article thumbnail

Bitcoin ETF: The Wait Is Finally Over!

Withum

The U.S. Securities and Exchange Commission (SEC) has approved the first exchange-traded funds (ETFs) that track the price of bitcoin, marking a major breakthrough for the cryptocurrency industry. 11 ETFs were simultaneously approved Wednesday January 10, 2024 by the SEC signaling a positive shift in the overall acceptance of digital assets as a legitimate financial product.

CPA 59
article thumbnail

Citrin Cooperman acquires Mibar

Accounting Today

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

article thumbnail

Withum Extends Its Agreement With Premier Sports Network for 2024

Withum

Premier Sports Network is pleased to announce it has extended its agreement for a second year with Withum, a Top 25 Public Accounting and Advisory firm in the US. As a Player Care Partner at PSN, Withum has been able to grow its sports desk and portfolio, working closely with some of the highest-performing athletes in US sports. Withum’s Professional Sports Services Team members have actively engaged with the sports community by attending The United Soccer Coaches Convention, Super Bowl LVII, Ph

Sports 59
article thumbnail

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

article thumbnail

BMSS Brings on CPA Firm Haddox Reid Eubank Betts

CPA Practice

Top 200 accounting firm BMSS Advisors & CPAs has combined with Haddox Reid Eubank Betts, a Ridgeland, MS-based CPA and advisory firm. Terms of the deal weren’t disclosed. Consolidated under the BMSS name, the combined firm has 32 partners and 125 CPAs for approximately 325 employees in total. Together with Haddox Reid, the combined revenue for BMSS will be roughly $63.7 million, which would put the firm among the 100 largest in the U.S.

article thumbnail

UK universities risk losing £2 million a year due to disputed invoices, Quadient research finds

Accounting Insight

UK universities risk losing more than £2 million a year on average from disputed invoices, according to Freedom of Information requests by Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels. A series of requests exploring data from 1 st August 2022 until 31 st July 2023, found that despite 100% of universities digitising their Accounts Payable (AP) processes, for example via email or online portals, many sti

article thumbnail

Revolutionizing Lease Accounting: Using Technology and Software to Streamline Business Efficiency

CPA Practice

By Ane Ohm, LeaseCrunch As we step into 2024, it’s crystal clear: leveraging technology and software is an absolute must for any organization eyeing substantial growth. An insightful takeaway from 2023 is that for CPA firms and entities handling the intricate world of ongoing lease accounting this becomes even more critical. Until recently, spreadsheets held their ground as the go-to tool for accountants.

article thumbnail

How to Identify Your Firm’s Ideal Clients

Ryan Lazanis

Working with ideal clients makes your business fun and easier to manage. Learn the reasons why it's important and how to identify your ideal clients. The post How to Identify Your Firm’s Ideal Clients appeared first on Future Firm.

Account 52
article thumbnail

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.

article thumbnail

Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S. The study analyzed online search data for terms relating to a list of careers—including “AI impact on …,” “will AI replace …,” and “how will AI affect …”—to determine America’s top five jobs with t

article thumbnail

Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

It’s that time of year again. The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. It can all feel overwhelming, but laying out your to-dos helps to simplify things.

article thumbnail

Vertex Wins IDC SaaS Customer Satisfaction Award for Tax

CPA Practice

Vertex, Inc. , a provider of tax technology solutions, has received IDC’s SaaS Customer Satisfaction Award for Tax. The 2023 SaaSPath Survey by IDC saw Vertex receive top ratings amongst SaaS Tax Vendors for overall customer satisfaction. The CSAT Awards, a customer satisfaction award program by IDC, recognizes top software-as-a-service (SaaS) vendors in each application market.

Tax 52
article thumbnail

Budgeting for New Hires: A Step-by-Step Guide

Inform Accounting

Are you gearing up to bring new talent on board? Don't let the complexity of budgeting for new hires overwhelm you. We've got your back with a straightforward guide to crafting a recruitment budget that makes sense.

52
article thumbnail

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.

article thumbnail

Andersen Acquires California Firm and Opens San Diego Office

CPA Practice

The business consultancy firm Andersen has announced a new San Diego office as the firm expands its presence in Southern California. The move comes after the professionals from Reibman , a leading San Diego-based tax compliance and planning firm, joined Andersen. The new San Diego office is the latest move in Andersen’s aggressive growth strategy, following the firm’s February 2023 U.S. expansion in Orange County (Calif.), Pittsburgh and Des Moines; and the September 2023 launch of Andersen’

article thumbnail

WHY DOES MY BUSINESS NEED A BUSINESS GUIDE

Summit CPA

Climbing a mountain, rowing a boat, or riding a bus – business strategists love metaphors about travel. It makes sense. Scaling new heights, reaching new destinations, finding new ways to cover familiar ground – these are the kinds of goals that inspire a visionary CEO and their team to get out of bed in the morning, put one foot in front of the other, and continue forward, no matter what obstacle they encounter.

CPA 52
article thumbnail

New Tech and Innovation at CES 2024

CPA Practice

This year marks the 100 th Anniversary of the Consumer Technology Association, the host of the International Consumer Electronics Show (CES) since 1969, which has bounced back from the COVID hiatus with over 135,000 attendees during its annual meeting in Las Vegas in early January. [ See Roman’s companion article on “Crazy Tech” from CES 2024.] While the primary focus in attending and perusing the show floors is to identify techs and trends targeted towards the accounting profession, we also com

article thumbnail

3 Cognitive Pitfalls That Are Ruining Your Business: How to Unravel the Biases in Decision-Making

Cherry Bekaert

Francesco Fazio , Partner in Cherry Bekaert’s Strategic Growth & Innovation practice was recently published in Entrepreneur , discussing how businesses are not purely rational actors due to human influence, challenging the historical belief in logic-driven decision-making. Behavioral science, highlighting cognitive biases in decision-making, has shifted this perspective.

52
article thumbnail

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.