Tue.Apr 23, 2024

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3 Common HR “Gotchas” That Could Get You During Due Diligence

BurklandAssociates

Many startup founders fail to realize that neglecting HR compliance can lead to significant red flags during investor due diligence. The post 3 Common HR “Gotchas” That Could Get You During Due Diligence appeared first on Burkland.

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The Top 25 Up-n-Coming ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 25 Up-n-Coming ProAdvisors. Congratulations to all being recognized as this year's award recipients.

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9 out 10 made at least one ransomware payment

Accounting Today

Not only are ransomware attacks growing dramatically, 90% of IT decision-makers have made at least one payment in the last year.

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The PwC Partner Class Will Be Much Smaller This Year

Going Concern

Last week PwC announced it is “aligning its organizational structure across three lines of service— Assurance, Tax and Advisory—to better serve client needs, their buying patterns and the market” and now Wall Street Journal is saying the incoming consulting partner class will be much smaller than last year’s. Should we be worried? WSJ: PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for adv

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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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Former ADM CFO to resign after accounting probe

Accounting Today

Luthar, who was suspended in January, will be 'available to assist the company and provide transitional support' as a non-executive employee until Sept. 30.

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Tragedy Strikes EY Partners’ Pockets

Going Concern

Reported on Friday, Sky News was tipped to a situation at EY UK that could not have been received well by the firm’s 930 equity partners: They won’t be getting record-smashing payouts this year. Stuart Gregory , EY UK & Ireland Managing Partner, Finance and Transformation, supposedly gave a presentation informing fellow partners that profit-per-partner could go down as much as 15 percent for this fiscal year ending June 30.

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Small businesses are hiring: what to consider when growing your workforce

Xero

The latest Xero Small Business Insights (XSBI) data is a good reminder about the important contribution your small business makes to your local community, particularly around job opportunities. There are more people working in small businesses than a year ago in the three countries where we track jobs (Australia, New Zealand and the UK). In fact, jobs growth is either already well above average, as seen in New Zealand, or accelerating.

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Withum Team Members Named Top 200 CPAs by Forbes

Withum

Withum is proud to share that Forbes has named four team members to its inaugural Top 200 CPAs List. Jim Bourke is the Managing Director of Withum’s Advisory Services practice. Forbes recognized him for his former board and leadership positions at both NJCPA and the AICPA. Jim was also recently recognized by Accounting Today on their list of Top 100 Influential People in Accounting.

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Another Option for When Employee Bonuses Don’t Work

CPA Practice

From: Entrepreneurs’ Organization | Inc. [Via TNS.] By Kent Lewis, an Entrepreneurs’ Organization (EO) member in Portland, Oregon, is the founder of pdxMindShare , an online career community focused on Portland professionals: I recently shared a presentation on increasing employee engagement and retention by fostering a Culture of Caring with a group of Silicon Valley entrepreneurs.

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The Tipping Act – planning and technology are the key to being ready

Menzies

Menzies LLP - A leading chartered accountancy firm. New legislation to come in from 1st Oct The Department for Business & Trade published the Code of Practice on Tipping, setting out guidance on how tips can be distributed when the new law comes into place from 1st October , which is a three month delay from what we previously expected. You will now have longer to prepare for a transformative shift in the hospitality industry, as new legislation is set to revolutionise tip handling from this

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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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Minnesota Accounting Firm Joins CLA Global

CPA Practice

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology.

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Prepare for 2025 and These Sunsetting TCJA Tax Changes

Anders CPA

The Tax Cuts and Jobs Act (TCJA) of 2017 was a major tax reform law that overhauled the US tax code, affecting both businesses and individuals. Most of the tax changes made by the TCJA are set to sunset or revert to their previous state at the end of 2025. This will happen unless Congress acts to extend these provisions or make them permanent. In the meantime, taxpayers should be aware of the potential tax implications of the sunset and plan accordingly with an advisor.

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75% of Mid-Market Companies Say They Will Invest in AI Over Next 5 Years

CPA Practice

While AI hasn’t been the top priority for the majority of mid-market businesses in the past, it will emerge as such over the next five years, with 75% of mid-market companies planning to invest in machine intelligence to improve efficiency. That’s according to a new survey of 256 C-suite, founders, and board of directors at mid-market companies by Wipfli LLP, a top 20 advisory and accounting firm.

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Payrolling Benefits in Kind – Everything you need to know

Menzies

Menzies LLP - A leading chartered accountancy firm. What do you need to know? The Payrolling Benefits in Kind scheme was set up by the UK Government in 2016 and this refers to the practice of processing employees benefits through the payroll rather than on a P11d. A benefits in kind is goods or services that an employee receives from their employer which isn’t included in their salary or wages.

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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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Small Business Optimism Hits an 11-Year Low as Inflation Worries Persist

CPA Practice

By Francisco Velasquez, Quartz (TNS) Small businesses in the U.S. are feeling less optimistic as they continue to deal with a slowdown in sales and inflationary pressures , the National Federation of Independent Business (NFIB) found. According to the NFIB, the sector’s sentiment index decreased by nine-tenths to 88.5 in March, reaching its lowest level since December 2012.

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10 commandments of client service for accountants

Mark Lee

Over the years I have seen and heard much advice on the subject of client service for accountants. What you should do and what you should not do. I’ve whittled these down to the following list of ten ‘commandments’ I wonder if you agree with me and if there are any on my list where you know you could do better. If so, then maybe focus on what you could do to improve your client service in this regard over the next few days, weeks and months. 1.

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36% of Amercians Expect Debt when Planning Vacations

CPA Practice

By Katie Kelton Bankrate.com (via TNS) Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?A new Bankrate survey found that only about half (53%) of Americans are planning a summer vacation in 2024.

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The brave new world of taxing digital bundles

Accounting Today

How do you charge sales tax when different kinds of digital product are sold together?

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Home Sales Decline in March

CPA Practice

By Michael Sasso. Bloomberg News (via TNS) Sales of previously-owned homes in the U.S. fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. Contract closings decreased 4.3% from a month earlier to a 4.19 million annualized rate, according to National Association of Realtors data released Thursday.

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ISSB to research nature and human capital risks, opportunities

Accounting Today

The research will focus on investor needs and build on relevant preexisting initiatives when possible.

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Walmart to Open More In-Store Medical Clinics

CPA Practice

By Maria Halkias. The Dallas Morning News (via TNS) Walmart, the largest U.S. employer with a workforce of 1.6 million, is slowly building a network of in-store clinics, believing it has a place in America’s health care system. Next week the largest U.S. retailer will open two health clinics in DeSoto and Fort Worth targeting seniors and families with services for comprehensive primary care, behavioral health and dental care.

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Tax Strategy: IRS loses on conservation easements ­­— for now

Accounting Today

The situation in the long term still looks favorable for the IRS: It now has specific authority to attack syndicated conservation easements that are too abusive.

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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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Three in Four Family Businesses Expect to Grow This Year

CPA Practice

By Sarah Lynch, Inc. (TNS) Family businesses are gearing up for growth. Seventy-four percent of U.S. family businesses are anticipating at least 10 percent growth this year, according to newly released data from Family Enterprise USA, a nonprofit and advocacy group that promotes family businesses. While the organization’s full report—the Annual Family Business Survey—has not yet been released, the organization shared that these growth expectations mark a “significant jump from the prior year.

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Digital Agency Growth: Infancy through Adolescence to Maturity

Summit CPA

Karla Santi, CEO of Blend Interactive, joins Jamie and Jody to discuss the growth stages of digital agencies.

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Job Confidence Dips Among U.S. Workers

CPA Practice

By Sarah Lynch, Inc. (TNS) The U.S. jobs market remains strong , but workers aren’t feeling especially optimistic. Since the start of 2024, U.S. worker confidence in their ability to “get or hold a job right now” has taken a two-point dip, according to new data from LinkedIn’s ongoing Workforce Confidence survey, which records confidence scores on a scale from -100 to 100.

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Boomer's Blueprint: Branding is important for CAS

Accounting Today

At its core, CAS/CAAS aims to transcend traditional transactional and compliance services, venturing into the realms of advisory and consulting.

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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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Grocery Chains Try Small Store Approach in NYC

CPA Practice

By Téa Kvetenadze New York Daily News (via TNS) Some big-name national grocery chains are testing the waters of a scaled-down approach in New York City, opening grab-and-go-style mini stores to whet the appetites of busy locals and possibly lure new customers by expanding to more neighborhoods. Trader Joe’s opened a relatively small store in March dubbed Pronto on 14th Street near Union Square in Manhattan that was touted as a “one-of-a-kind extension” of its larger outlet down the block.

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In the blogs: Back to the grind

Accounting Today

What to do next month; White House returns; taxing AI; and other highlights from our favorite tax bloggers.

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How to Succeed at AI Strategy and Implementation: The 5 Questions Every Company Needs Answered

Cherry Bekaert

Download Whitepaper The impact of artificial intelligence on how we live, work and do business has been undeniable for over a decade. Its practical applications range from suggesting the next sen­tence when crafting emails to producing lifelike animations, from enabling smart and interconnect­ed manufacturing robots to efficiently distribute workloads on assembly lines to predicting customers’ preferences or even helping land a plane.

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Does a CPA really need to do it?

Accounting Today

Solve your talent woes by getting the right people doing the right work at the right time.

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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.