GrowthForceBlog
DECEMBER 20, 2023
6 min read E-commerce sales accounted for 18.9% of total retail sales in 2022, they've been on the rise in 2023 , and e-commerce sales are estimated to reach 23% by 2027. As a result, e-commerce businesses are growing, too, and traditional brick-and-mortar companies are creating more and more online sales channels to meet the demand for online purchasing.
Going Concern
DECEMBER 20, 2023
You may have seen headlines over the past week about Deloitte “looking to AI to help avoid mass layoffs in the future” as first reported by Bloomberg and picked up by multiple outlets (including us putting a link to it in Monday morning’s news brief). It said: The giants of the consulting world face an unusual quandary this year: many of them are in the process of dismissing hundreds of staffers even after they hired thousands of college graduates to deal with new demand.
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CPA Practice
DECEMBER 20, 2023
As we approach the holiday season, you may decide to contribute money or property to one or more of your favorite charities. It’s a traditional time for gift-giving. Just remember this twist on the classic tax–saving strategy. Idea in action: Absent extenuating circumstances, you may “bunch” charitable donations in the tax year they do you the most tax good.
Accounting Today
DECEMBER 20, 2023
The relief will go to roughly 4.7 million taxpayers who weren't sent collection reminder notices during the pandemic.
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.
CPA Practice
DECEMBER 20, 2023
The National Association of State Boards of Accountancy and the American Institute of CPAs have approved revisions to the Statement on Standards for Continuing Professional Education Programs, as well as the NASBA Fields of Study document. The Standards changes, which include additional options for virtual learning, are effective Jan. 1, 2024. Published jointly by NASBA and the AICPA, the CPE Standards provide the framework for the development, presentation, measurement and reporting of CPE prog
Insightful Accountant
DECEMBER 20, 2023
Preparing, filing, and correcting 1099s is now easier than ever in QuickBooks Online. New workflow, reporting, free e-file of corrections and E-file payment flexibility and will be available for the 2023 filing period.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
DECEMBER 20, 2023
Accounting's influencers offer their advice for solving the profession's most critical issue.
CPA Practice
DECEMBER 20, 2023
Quadient and Xero , a cloud-based accounting software, have formed a strategic partnership in North America and the United Kingdom. Xero integrates with Quadient’s Accounts Payable (AP) capabilities to fully automate and streamline accounting processes. Xero helps 3.95 million subscribers worldwide to run their business accounting online and in one place.
Summit CPA
DECEMBER 20, 2023
On a basic level, a virtual CFO (aka virtual Chief Financial Officer , part-time CFO ) is a financial professional that provides outsourced CFO services. The way we often describe it at Summit Virtual CFO by Anders is this: a virtual CFO performs the same roles that a full-time, traditional CFO and their team would but at the fraction of the cost.
CPA Practice
DECEMBER 20, 2023
By Alex Tanzi, Bloomberg News. (via TNS) Most don’t work anymore, but Americans age 70 and older have seen their share of collective wealth surge during the pandemic. As a group, these older baby boomers have accumulated more than $14 trillion in additional net worth since the end 2019, based on Federal Reserve data. Their share of the country’s wealth has jumped to a record 30% last quarter, even though they account for 11% of the population.
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Summit CPA
DECEMBER 20, 2023
On a basic level, a virtual CFO (aka virtual Chief Financial Officer , part-time CFO ) is a financial professional that provides outsourced CFO services. The way we often describe it at Summit Virtual CFO by Anders is this: a virtual CFO performs the same roles that a full-time, traditional CFO and their team would but at the fraction of the cost.
CPA Practice
DECEMBER 20, 2023
Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis metro area to its team. The Dubuque, IA-based firm merged with Schowalter & Jabouri on Dec. 2. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees. In addition to St. Louis, Honkamp has eight offices in Iowa and Wisconsin.
Canopy Accounting
DECEMBER 20, 2023
Tax season is approaching, so make sure you stay informed about crucial business tax updates to stay ahead of the upcoming 2024 tax season chaos!
Wellers Accounting
DECEMBER 20, 2023
How gifts, staff entertaining, and Christmas parties can be exempt from taxation courtesy of trivial benfits and the annual function exemption.
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
DECEMBER 20, 2023
The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.
CPA Practice
DECEMBER 20, 2023
The accounting career path is ripe with opportunity. Accountants are in demand, with demand projected to grow in the coming years. This surge creates endless options and vibrant futures for those on the accounting career track. The Kansas Society of Certified Public Accountants (KSCPA) opens this door to Kansas high school students through the INSPIRE Business Camp.
Accounting Today
DECEMBER 20, 2023
NASBA and the AICPA have revised their rules for continuing professional education.
Withum
DECEMBER 20, 2023
On March 14, 2023, the Personal Health Investment Today (PHIT) Act was reintroduced to the U.S. House of Representatives and the U.S. Senate. In The act was originally introduced to the House of Representatives and passed, as part of the Restoring Access to Medication Act of 2018, but Congress adjourned before the Senate could vote. For the bill to become a law, the act would have to pass both the house and senate again.
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
Accounting Today
DECEMBER 20, 2023
Firms that early-adopt ESG and incorporate these areas into their practices will be better positioned to deliver these services when they reach full market demand.
Withum
DECEMBER 20, 2023
The year is coming to an end and we face the hope and optimism of a better year coming to us. One thing that was really good this year was the stock market with huge gains pretty much across the board. However, I can tell you three downsides to the great 2023 upside about the stock market’s increases… for some people. The large increases will raise the 2024 Required Minimum Distributions (RMD) for those who need to take distributions from their retirement accounts and who do not need to live off
Accounting Today
DECEMBER 20, 2023
Plus, questions about ChatGPT's accounting credentials, the best laptops of 2023, and other major developments from the past month.
Withum
DECEMBER 20, 2023
On December 6, 2023, New York proposed new cybersecurity requirements for all general hospitals operating in the state licensed under Article 28 of the Public Health Law, regardless of size or location. There are 226 hospitals in New York State, including Veteran’s Affairs facilities (which would not be affected by these proposed regulations). Organizations have one year from the enactment date to achieve compliance with these new hospital cybersecurity regulations.
Advertiser: Paycor
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Ryan Lazanis
DECEMBER 20, 2023
Innovating your firm is one of the most effective ways of improving your operations. Find out my recommendation on how you should do it. The post The Key to Innovating Your Firm appeared first on Future Firm.
CPA Practice
DECEMBER 20, 2023
Corvee will hold a three-day Artificial Intelligence Tax Team Bootcamp. This event aims to provide guidance to firms on seamlessly transitioning from tax compliance to advisory through the use of AI. Corvee is a software and solutions company serving small and medium-sized businesses as well as tax and accounting firms. Scheduled to take place Jan. 10-12, 2024, at the Hilton Miami Downtown, the bootcamp will feature leaders in the accounting industry like Canopy Tax, Karbon, Corvee and Instead.
Going Concern
DECEMBER 20, 2023
Ideagen Audit Analytics released a nifty new report on the European audit market — the first of its kind from them, actually — and PwC is the winner of most fees and clients by a…what’s a good European thing one can measure by? Lacking some clever word play here, we’ll just say PwC beat out EY in audit fees by €276,587 ($303,339 USD), taking 30 percent of the entire market.
Insightful Accountant
DECEMBER 20, 2023
Chaser is a complete accounts receivable automation software. Simplify, automate and humanize the process of chasing unpaid invoices for optimal accounts receivable management.
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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.
Withum
DECEMBER 20, 2023
As the world becomes more environmentally conscious, it’s no surprise that investors are increasingly interested in comparable ESG data. However, the private equity industry has been slow to adopt ESG reporting standards, leading to a fragmented approach to collecting and reporting ESG data. This is where the ESG Data Convergence Initiative (EDCI) comes in.
IgniteSpot
DECEMBER 20, 2023
When you're trying to scale a business, every penny counts. But when your business is in the $1 million to $5 million range, it's not just about counting pennies. It's about mastering the art of thinking about money, respecting it, and wielding it wisely. Here's how to do it, and how a solid accounting team can make all the difference.
Insightful Accountant
DECEMBER 20, 2023
If your revenue is stagnant, your first thought might be to add more clients. Adding clients will undoubtedly add to your bottom line, but you can grow your firm without spending the time and resources to attract new clientele, how do you do this?
CPA Practice
DECEMBER 20, 2023
The Financial Accounting Standards Board ( FASB ) today published a proposed Accounting Standards Update (ASU) intended to improve the application and relevance of accounting guidance related to induced conversions of convertible debt instruments. The proposed ASU is based on a consensus of the FASB’s Emerging Issues Task Force ( EITF ). Stakeholders are encouraged to review and provide input on the proposed ASU by March 18, 2024.
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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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