Going Concern

MARCH 22, 2024

One business that is particularly focused on paving the way to a successful future is PricewaterhouseCoopers (PwC), after appointing Michael Fenlon as Chief Future of Work Officer. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern.

Minnesota 105

Minnesota cpas audit CPA 105

CPA Practice

MARCH 8, 2024

Professionals on the Move is a round-up of recent promotions, management changes, and other staffing announcements from across the profession. Emily Butler , CPA, Partner, will lead the Mid-Atlantic region. She is based in the firm’s Miami office. She is based in the firm’s Miami office. regional leadership positions.

Real Estate 52

Real Estate Indiana CPA tax planning 52

TaxConnex

NOVEMBER 10, 2022

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms.

income tax 130

income tax tax return Tax Sales 130

CPA Practice

DECEMBER 19, 2023

Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. Of course, to stay in demand, finance and accounting pros will need to ensure that they maintain relevant skills, especially when it comes to working with generative AI.

accounting and finance 121

accounting and finance Finance Account accountant 121

Going Concern

MAY 26, 2023

Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. Have a safe Memorial Day.

public accounting 97

public accounting Account accountant accounted 97

CPA Practice

JANUARY 19, 2024

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. How to Move a Firm Toward CAS 6. firm with 900 staff and $200M in revenue. firm with 900 staff and $200M in revenue.

accounting firms 78

accounting firms Account accountant accounted 78

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory.

audit 109

audit cpas auditor Mississippi 109

Going Concern

APRIL 15, 2024

Regulations need to change to match. In response, the Public Company Accounting Oversight Board has drafted a rule that the accounting firms can have public trust or private financials—but they can’t have both. Public accounting firms operate in a unique space in our society. But what about the books of the auditor?

audit 62

audit Account accountant accounted 62

Going Concern

SEPTEMBER 15, 2023

Rules and Regs At September 19 Open Meeting, PCAOB to Consider Proposed Changes to Board Rule on Contributory Liability for Firm Violations [ PCAOB ] We’ll be sitting in on this and reporting back so you don’t have to. Comment letters raise serious questions about the consequences of the proposed changes.

audit 108

audit Colorado CPA Texas 108

Snyder

JULY 13, 2022

The accounting industry has undergone some serious technical changes due to technological advancements but first and foremost due to a global pandemic. Accounting firms have been forced to drastically change working environments and the way they work, as well as reconsider the services they provide. Contents: 1.

Account 105

Account accountant accounted cpas 105

Going Concern

OCTOBER 16, 2023

“Twice in a row, exam fraud is shown at the top of major accountancy firms, where exemplary behaviour should be expected. “Twice in a row, exam fraud is shown at the top of major accountancy firms, where exemplary behaviour should be expected. Deloitte Netherlands Chief People and Quality Officer Rob Bergmans has quit.

Account 70

Account accountant accounted Tax 70

Anders CPA

MAY 18, 2023

Each year, with few exceptions, any business that sponsors an employee retirement savings plan, or a 401(k) plan or its equivalent, must file a Form 5500 for each year that the plan holds assets. This information will include the type of plan and the types of investments held within the plan.

audit 52

audit CPA cpas Tax 52

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

Illinois 52

Illinois Tax tax preparation tax return 52

Going Concern

AUGUST 7, 2023

The program blends rigorous online learning with on-the-job professional experience for college accounting graduates, offering a less costly and more flexible way to complete the 150-hour course credit requirement to become a licensed CPA. Anything but 120 units, I guess. WAY TO GO, CLOWNS.

Account 52

Account accountant accounted audit 52

Going Concern

JANUARY 6, 2023

FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers. 2024 CPA Exam Blueprints released [ Journal of Accountancy ]. ” Employment. .

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

Anders CPA

JANUARY 8, 2024

Like most professionals, lawyers think if they do good work (and a lot of it), good things (like revenue) will happen. Sometimes good things do happen, but to ensure steady growth, every firm needs to focus on value drivers. But lawyers don’t create firms because they love balance sheets, data entry and double-entry accounting.

Account 52

Account accountant accounted Non-Profits 52

Anders CPA

JANUARY 8, 2024

Like most professionals, lawyers think if they do good work (and a lot of it), good things (like revenue) will happen. Sometimes good things do happen, but to ensure steady growth, every firm needs to focus on value drivers. But lawyers don’t create firms because they love balance sheets, data entry and double-entry accounting.

Account 52

Account accountant accounted Non-Profits 52

Going Concern

SEPTEMBER 1, 2023

Talent Accounting Research Seeks to Find Solutions for Talent Shortage [ EIN Presswire ] The Center for Accounting Transformation, in collaboration with CPA Trendlines, is undergoing Staffing Strategies Research to understand how to address the talent shortage and identify workable solutions for firms and organizations of all sizes.

Account 108

Account accountant accounted audit 108

Going Concern

MAY 12, 2023

Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” “Working in the Big Four seems to be more limited to just like, CFO or chief finance type roles.” The decrease is minimal, but firms cannot afford to be losing additional staff while applicants for new positions are down.

CPA 109

CPA Account accountant accounted 109

KROST

JULY 15, 2021

The Technology Issue highlights some of the hot topics in the technology industry including Client Accounting Services (CAS), Nonfungible Tokens, the Effect of Upcoming Changes to IRC Section 174 on the Software Development Industry, and more. Kniss, CPA, Managing Principal. Kniss, CPA, Managing Principal. Gosart, CPA, Director.

Technology 52

Technology CPA Real Estate accounting and finance 52

Going Concern

SEPTEMBER 22, 2023

As leader of the Division of Finance, Miller oversees the university’s accounting and financial reporting, procurement and surplus property, budget and financial planning, capital budgeting, financial management, debt and cash management, financial information technology, risk management, and university bursar functions.

audit 99

audit accounting and finance Virginia auditor 99

Going Concern

AUGUST 18, 2023

TSG Entertainment, a film-financing firm, has accused Disney and its subsidiary 20th Century Studios (formerly 20th Century Fox) of breach of contract and self-dealing in a lawsuit filed Tuesday in Los Angeles County Superior Court. is facing labor agitation on two fronts. is facing labor agitation on two fronts.

Account 96

Account accountant accounted accounting and finance 96

Going Concern

APRIL 29, 2022

More than half of those surveyed want to leave their employer in the next two years, and only 10% plan to stay with their current employer for more than five years. PwC Pulse Survey: Next in work [ PwC ] Employees have had more than a year to reflect on their needs and aspirations, and many want a new model of work.

auditor 52

auditor audit Account accountant 52

Going Concern

JANUARY 16, 2024

In case you’re wondering why this is a Tuesday news brief and not a Monday one, it’s because we don’t work on MLK Day. Accountant is the hottest work-from-home job on the market right now. It’s another week. Hope the same is true for you. Anyway, some news. A shortage of accountants in the U.S. “ The No.

Account 114

Account accountant accounted audit 114

Going Concern

MAY 15, 2023

Virginia Society of CPAs is tackling the question “ is 150 too many? ” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a barrier to becoming a CPA?

Account 52

Account accountant accounted cpas 52

Going Concern

AUGUST 11, 2023

Talent After a pandemic-era hiring binge, consulting firms are cutting back [ Crain’s Chicago Business ] There’s a paywall but you kids are internet savvy. Talent After a pandemic-era hiring binge, consulting firms are cutting back [ Crain’s Chicago Business ] There’s a paywall but you kids are internet savvy.

Account 94

Account accountant accounted audit 94

ThomsonReuters

MARCH 8, 2021

Whether you’re starting your career, or you’ve been in the profession for a while, women have more opportunities than ever to rise above in the tax and accounting profession. How we find ourselves in a career such as tax and accounting isn’t always typical. Yes, you must work hard. We must work hard, but you can do it.

Tax 111

Tax Account accountant accounted 111

Withum

FEBRUARY 26, 2024

The CPAs at Withum always look forward to this event in Las Vegas in October after deadlines have settled. It’s a chance for us to get together with our industry contacts, clients, and other accounting firms to discuss hot topics for the current year and the upcoming year. Please see our recap below.

cpas 52

cpas Tax Start-ups Sales 52

Going Concern

JUNE 9, 2023

Dumpster Fires PwC’s head of reputation quits as firm’s horror show continues [ WAtoday ] The public relations department of embattled consulting giant PwC has not been a happy place of late. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern.

audit 98

audit auditor Virginia accounting and finance 98

Going Concern

MARCH 25, 2022

I would have thought that accountants would be seen as boring, but effective and the perfect person to do a good job on your tax return,” Wijnand Van Tilburg, a study co-author and senior lecturer in the university’s psychology department, said in a statement last week. “I PCAOB Spotlight PDF here.

tax return 52

tax return audit auditor cpas 52

ThomsonReuters

MARCH 16, 2023

The key is bringing together their strengths to help firms stay ahead of the curve. The reality is that the face of audit is changing , and today’s auditors are expected to be well-versed in a variety of disciplines. It is conducted by a CPA firm, which is independent of the company under review.

Technology 59

Technology audit auditor Maine 59

Going Concern

APRIL 3, 2023

Let’s get the big news out of the way and work our way down. She says she was harassed by her co-workers, who isolated her from work projects and made belittling comments about her physical appearance. ‘I had a panic attack. ‘I had a panic attack. ‘I was so astonished. I felt suicidal.’

auditor 52

auditor Account accountant accounted 52

Going Concern

SEPTEMBER 16, 2022

per sq ft tax write-off? If you listen closely, you can hear it: The IRS Section 179D tax deduction is suddenly generating a lot of buzz. But the recent passage of the Inflation Reduction Act of 2022 (which is totally about reducing inflation and nothing else) changed the game, increasing the maximum deduction from $1.88

Tax 52

Tax Government cpas Construction 52

Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. What Is Illinois Secure Choice? What Is Illinois Secure Choice?

Illinois 52

Illinois Non-Profits payroll Start-ups 52

Nancy McClelland, LLC

AUGUST 21, 2023

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. What Is Illinois Secure Choice? What Is Illinois Secure Choice?

Illinois 52

Illinois Non-Profits payroll Start-ups 52

Anders CPA

DECEMBER 11, 2023

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton is joined by colleagues, Christy Buchanan and Guillermo Rodriguez , as they discuss the cannabis industry as a niche for accounting firms. Join us as we change the way people think about accounting. How are you today?

South Dakota 52

South Dakota Legal Texas Missouri 52

Accounting Seed

JULY 21, 2022

If you fail to set up a robust and scalable accounting system from day one, your business will suffer from financial errors, poor planning, growing pains, and a high potential for failure. With the cash method, you’ll instead log transactions when the money changes hands. And as the old saying goes, what gets measured gets improved.

accrual accounting 52

accrual accounting Account accountant accounted 52