ThomsonReuters

FEBRUARY 5, 2024

The accounting profession is currently navigating through a transformative era. An aging workforce, a dwindling number of new college graduates entering the profession, and a lack of desire to pursue the partner path among existing employees make it challenging to attract new talent and retain experienced professionals. This talent shortage impacts individual firms and leads to systemic problems in the broader business and financial world.

Technology 40

Technology Tax cpa firm audit 40

Going Concern

FEBRUARY 5, 2024

The Aussie Corporate ( Insta ) recently shared some uniquely Deloitte motivation attempts and we must warn you, it’s bad. Why are firms like this? HAHAHAHA because we make you work too much LOL aren’t we funny!! But wait! There’s more! Ten posters to be exact, nine of which are terrible. View this post on Instagram A post shared by The Aussie Corporate (@theaussiecorporate) This set includes: Don’t “circle back” Do Talk straight [Take your own advice here, Big

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Summit CPA

FEBRUARY 5, 2024

A Conversation with Jeff Bartsch Someone wants something: love, money, success, happiness. To get that thing, they overcome obstacles: dragons, villains, natural disasters, the doubting voices in their head. At the end of the day, they get the thing and go home, a changed person. That’s the recipe for a story: Desire, conflict, transformation. When Jeff Bartsch – founder of Story Greenlight – spells it out like that, suddenly a story is not just an anecdote you share at the dinner table.

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CPA Practice

FEBRUARY 5, 2024

Ashley V. Johnson, CPA, EA – 2023 “40 Under 40” Honoree Founding Partner J&F Advisors, PLLC www.jandfadvisors.com Career Highlights Ashley Johnson, a Founding Partner and strategic leader at J&F Advisors, PLLC, is committed to advancing the firm’s mission and elevating it among the top CPA firms in Detroit. In her capacity, she effectively oversees revenues, manages cash flow, and directs credit operations.

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CPA Non-Profits accounting careers cpa firm 98

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

FEBRUARY 5, 2024

Clients will want to use you when you become their trusted advisor and they think of calling you before they do anything that might impact their business, financial security or growth.

Account 101

Account accountant accounted 101

CPA Practice

FEBRUARY 5, 2024

By Yvonne Lau, Fast Company (TNS) For years, American popular culture has churned out ultra-dramatic scenarios about the rise of artificial intelligence. In James Cameron’s 1984 sci-fi flick The Terminator , AI system Skynet becomes sentient and launches a nuclear war against humans, directing cyborgs to wipe out humankind. But here in the real world, AI is coming for a decidedly more tedious part of modern life: tax filing.

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Tax tax preparation Technology 122

Insightful Accountant

FEBRUARY 5, 2024

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

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quickbooks 83

Accounting Today

FEBRUARY 5, 2024

The IRS is pushing back payment and filing deadlines for those impacted by storms and flooding in Maine.

Maine 113

Maine Tax 113

Cherry Bekaert

FEBRUARY 5, 2024

Project Hunt Forest Products and Tolko Industries Ltd., two of the nation’s leading wood product companies, partnered to remediate a brownfield site for the development of a new sawmill located in the non-metropolitan Bienville Parish, Louisiana. Located in a Persistent Poverty County, the new site will replace an old mill in the unincorporated community of Taylor that has been closed for 15 years.

Louisiana 78

Louisiana Tax Construction Transportation 78

Accounting Today

FEBRUARY 5, 2024

Baker Tilly US LLP is receiving an infusion of funding from a pair of private equity firms, Hellman & Friedman and Valeas Capital Partners, making it the biggest accounting firm to date to accept PE funding.

accounting firms 84

accounting firms Account accountant accounted 84

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CPA Practice

FEBRUARY 5, 2024

Marcum LLP has entered a merger with Wakefield, Massachusetts-based Powers & Sullivan, LLC, effective February 1, 2024. Massachusetts-based Powers & Sullivan has a portfolio of services spanning accounting, auditing, and management consulting, with a specialized practice focused on auditing governmental entities. Four partners and 26 associates from Powers & Sullivan are now integrating into Marcum’s team.

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Massachusetts Management Consulting audit Government 105

Accounting Today

FEBRUARY 5, 2024

The gift outlays — and the many rules and potential duties tied to them — can affect clients' long-term trail toward RMDs, Roth IRAs, the FAFSA and other areas.

Tax 92

Tax 92

CPA Practice

FEBRUARY 5, 2024

Baker Tilly said on Monday it has received a “significant investment” from private equity firms Hellman & Friedman and Valeas Capital Partners in what the top 10 accounting firm says is the largest private equity investment in the CPA sector thus far. Financial terms of the deal, which is expected to close in early June, weren’t disclosed. The Financial Times reported that H&F and Valeas would take an equity stake of about $1 billion for just over 50% of the Chicago-based accounting and

Legal 64

Legal CPA public accounting accounting and finance 64

Accounting Today

FEBRUARY 5, 2024

The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.

Massachusetts 93

Massachusetts New York Government Account 93

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.

Going Concern

FEBRUARY 5, 2024

Good morning, faithful capital markets servants. Today is February 5, 2024 and we are getting into some news. Financial Advisor says many accounting firms want to get on the wealth management bandwagon “to serve clients better” but of course really “ wealth management practices can be quite profitable when done well. ” Guess what?

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Account accountant accounted auditor 62

Accounting Today

FEBRUARY 5, 2024

The American Institute of CPAs has sent a letter to the Treasury Department and the Internal Revenue Service asking them to postpone the effective date of their final regulations on donor-advised funds.

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cpas Tax 75

Withum

FEBRUARY 5, 2024

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Sharebite’s Co-Founder and CEO, Dilip Rao , to discuss the FoodTech ecosystem. Nourishing Insights – Part 1 In Part 1 of this interview, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Sharebite’s Co-Founder & CEO, Dilip Rao , discuss Sharebite and its leading meal benefits platform that was built exclusively for companies to feed employee

E-commerce 59

E-commerce Technology 59

Accounting Today

FEBRUARY 5, 2024

ADM shook the commodity world last month after it suspended CFO Vikram Luthar and cut its earnings outlook pending an outside counsel inquiry into its accounting practices involving its troubled nutrition segment.

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Account accountant accounted Agriculture 68

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 Insight

FEBRUARY 5, 2024

Accountants are the most trusted outside advisors most small businesses have. This leads to conversations about far more than just “the books”. Good accountants can use this advisory time to lock in strong relationships with their clients. And a big issue coming down the pipe for businesses is some sort of accounting of their carbon emissions. Why accounting for emissions is on the up There is currently no regulatory requirement for smaller firms to audit or report on their emissions.

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audit Manufacturing Legal Maine 59

Anders CPA

FEBRUARY 5, 2024

Assistant controller David Henroid, CPA , was named a St. Louis Small Business Monthly (SBM) Top Business Advisor. The advisors included on the list were nominated by SBM readers as the best advisors for business owners in the St. Louis region. David discussed the biggest challenge facing business owners and offered them his best advice. Many small business owners want to be involved with all or most aspects of their business, but they cannot do it all as business needs can quickly surpass their

Missouri 59

Missouri Real Estate accounts payable public accounting 59

Accounting Today

FEBRUARY 5, 2024

Prosecutors sought a five-year prison sentence along with a fine on charges of stock-price rigging and accounting fraud.

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Account accountant accounted 68

CPA Practice

FEBRUARY 5, 2024

Top 20 accounting firm CohnReznick admitted 24 professionals—18 men and six women— to its partnership on Feb. 1. The newly admitted partners and principals bring expertise across advisory, assurance, and tax, and play integral roles in the firm’s industry groups. “CohnReznick’s ability to deliver world-class client service is driven by our commitment to recruit, develop and reward outstanding individuals who demonstrate the capability to lead our firm into the future,” CohnReznick CEO David Kess

New York 52

New York accounting and finance Tax accounting firms 52

Advertiser: Paycor

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Reckon

FEBRUARY 5, 2024

Guest post by Maya Kirianova Managing fixed expenses is essential for individuals, families, and businesses when it comes to management. These expenses refer to the recurring costs that remain relatively stable in terms of their amount. Examples of fixed expenses include rent or mortgage payments, utility bills, insurance premiums, loan repayments, and more.

accounting and finance 52

accounting and finance Finance Expense Management Start-ups 52

CPA Practice

FEBRUARY 5, 2024

Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA). Through the NJCPA Career Awareness Program, more than 60 NJCPA members made presentations throughout New Jersey.

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New Jersey accounting careers cpas Account 52

Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

Tax 52

Tax cpas tax preparation tax services 52

CPA Practice

FEBRUARY 5, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. The relief includes extensions for various tax payment and filing deadlines. Individuals and businesses affected by the severe storms now have until June 17 to meet certain tax obligations.

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Rhode Island Tax income tax tax return 52

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Finance

Insightful Accountant

FEBRUARY 5, 2024

If you are a ProAdvisor participating in the ProAdvisor Awards process and find yourself unable to continue or change your Formal Application because you can't find the link to reopen it, this article is for you.

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CPA Practice

FEBRUARY 5, 2024

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Reason #2: Most clients (especially business owners) would rather their accountant give them advice (instead of simply being a recorder of the past).

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Account accountant accounted tax return 52

Withum

FEBRUARY 5, 2024

DOL CAP Audit Series While CAP audits can examine any financial, business and compliance aspects of a Union, there are a handful of topics that tend to be examined frequently among unions. Officer and Employee Expenses and Compensation – For example, the method for approving officer salaries, adherence to DOL documentation requirements and Union policies for expense reimbursements and credit card charges, reporting of gifts on LM-30, background checks, etc.

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audit Expense Reimbursements accounting firms Account 52

CPA Practice

FEBRUARY 5, 2024

Terrell Turner, CPA – 2023 40 Under 40 Honoree Founder & CEO TLTurner Group www.TLTurnerGroup.com Career Highlights In the past year I have been featured in a NY Times Square ad as a top CFO, was selected to be the Chair of the Law Firm finance committee for the American Bar Association, been recognized as a top 20 global finance influencer, I’ve been invited to speak for over 13 public events in one year.

CPA 52

CPA accounting and finance Finance Account 52

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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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