Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

auditor 98

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CPA Practice

JULY 9, 2025

OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Platform is a next-gen accounting and professional services group created in 2015 to preserve what’s great about boutique professional services firms while helping them support their people, productivity, and processes. “We

Technology 71

Technology accounted Account accountant 71

Going Concern

JULY 15, 2025

Just weeks after the profession got in a tizzy about private equity-owned firms telling staff to remove CPA from their email signatures and, in some cases, LinkedIn profiles , INSIDE Public Accounting has dropped figures on the average number of staff with CPAs at the hundreds of public accounting firms that report their data to IPA.

cpa firm 98

cpa firm cpas CPA public accounting 98

Going Concern

MARCH 19, 2025

Each of them violated PCAOB Rule 3211 , Auditor Reporting of Certain Audit Participants, by “failing to accurately disclose on PCAOB Form AP the participation in firm audits of other accounting firms, including, among others, component auditors, shared service centers, and critical audit matter hub.”

auditor 52

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CPA Practice

JULY 14, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His experience spans a variety of industries and includes private equity.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Shay CPA

FEBRUARY 12, 2025

Because of the Financial Accounting Standards Boards (FASBs) Accounting Standards Codification (ASC) 606 , its mandated that companies use whats called revenue recognition. Any company that enters into a contract to deliver goods or services is affected by FASB ASC 606, which went into effect in phases from 2017 to 2019.

bookkeeping 52

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CPA Practice

JULY 9, 2025

OBannon BDO USA , one of the nation’s leading accounting and advisory firms, has announced that Matthew K. Related article: BDO USA CEO Wayne Berson to Retire Next Year As national managing principal of tax, Becker leads the strategy and operations of BDO USA’s tax practice , which has more than doubled in size since 2019. Isaac M.

Technology 109

Technology payroll audit payroll tax 109

CPA Practice

NOVEMBER 25, 2024

The SEC said it found UPS violated accounting and disclosure controls required by federal law, failing to follow generally accepted accounting principles, or GAAP, in valuing “one of its worst performing businesses.” The SEC said UPS determined in 2019 that UPS Freight would likely sell for $350 million to $650 million.

accounting principles 52

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Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.”

accounting careers 71

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Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms accounted Account accountant 52

Accounting Today

JULY 21, 2025

In 2018 and 2019, he paid $150,000 from HBCs bank account to a third party on behalf of the former president of the union. All rights reserved. income tax return. Ostermann served as controller of a union that represents current and former sergeants of the NYPD and as a partner of HB Consultants Inc. Ostermann then prepared HBCs U.S.

Rhode Island 52

Rhode Island Tax tax preparation Technology 52

Going Concern

OCTOBER 18, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Firm Watch Accountancy firm BDO fined €1.3 BDO is going to appeal the decision.

audit 103

audit auditor New York accounting and finance 103

Withum

FEBRUARY 19, 2025

For automotive accountants and CFOs, the AICPA Dealership Conference is the ultimate destination to connect with industry contacts, clients, and fellow accounting firms to discuss the latest hot topics and trends for the current and upcoming year. The conference consistently delivers valuable insights, and this year was no exception.

Retail 52

Retail Sales Technology Tax 52

Going Concern

JULY 21, 2025

The big four accounting firms – Deloitte, EY, PricewaterhouseCoopers and KPMG – posted 44% fewer jobs for graduates this year compared with 2023. In China, a 41-year-old woman who treated her company’s funds like a personal bank account went undetected by the accounting firm hired by her employer.

accounted 58

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Accounting Insight

OCTOBER 25, 2024

A prestigious group of hotels has chosen UK-based iplicit’s award-winning cloud accounting software as the platform for running its finances. The management’s current focus is to build on the investments it has made since 2019 into bedrooms, public areas, hotel systems and self check-in/check-out service.

Technology 52

Technology accounting and finance Hospitality accounting software 52

Accounting Insight

APRIL 16, 2025

Founded in 2019, TCS Guernsey supports local businesses with outsourced bookkeeping and payroll services. Each client uses different accounting software, including Xero, Sage Business Cloud, and QuickBooks, but the team seamlessly navigates these systems to provide accurate, reliable results. ” explains Millie.

AP Automation 52

AP Automation bookkeeping accounts payable Hospitality 52

Accounting Insight

JUNE 6, 2025

The FOI data further highlights stark differences between accounts payable and accounts receivable among government bodies, underscoring universal challenges in invoice management: The invoices departments owe range from 19 days to 18 years late, although the oldest is a clear outlier.

Government 52

Government Technology accounts payable accounting and finance 52

Accounting Today

JULY 16, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email Armanino, a Top 25 Firm based in San Ramon, California, has added Strategic Accounting Outsourced Solutions , extending Armaninos outsourcing capabilities, particularly in the nonprofit and family office sectors. All rights reserved. Financial terms of the deal were not disclosed.

Technology 59

Technology tax preparation audit auditor 59

CPA Practice

NOVEMBER 25, 2024

The New Jersey Society of Certified Public Accountants (NJCPA) has awarded 10 of its members $750 each towards their CPA Exam fee costs. The lottery winners, which are Affiliate or Student members of the NJCPA, were selected at random out of more than 60 entries.

New Jersey 64

New Jersey cpas CPA public accounting 64

Accounting Today

JUNE 24, 2025

The Public Company Accounting Oversight Board sanctioned the firm Michael T. Studer CPA and Michael Studer for repeat violations related to a 2019 audit.

audit 71

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Accounting Today

JUNE 19, 2025

In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses. Around July 2019, to further thwart IRS efforts, he formed a new entity to operate his business. All rights reserved. in restitution to the IRS.

Tax 69

Tax tax preparation Technology Real Estate 69

Accounting Today

JUNE 10, 2025

Tonneson is one of the largest accounting firms in Boston and has been recognized on Accounting Today s Best Accounting Firms to Work For list for seven years in a row. 14 on Accounting Today s 2025 list of the Top 100 Firms , with over $1.1 All rights reserved. It has a team of over 100 professionals.

New Jersey 52

New Jersey Entertainment Real Estate Technology 52

VJM Global

NOVEMBER 4, 2024

The Section provides for waiver of interest and penalty for the demands under section 73 of the CGST Act pertaining to FY 2017-18, 2018-19, and 2019-20. Provisions related to the amnesty scheme are inserted through Section 128A of the CGST Act, 2017. The provisions of Section 128A shall become applicable from 1st November 2024.

Tax 52

Tax accounted Account accountant 52

Accounting Today

JUNE 5, 2025

Trifilo worked in compliance for several large accounting and finance firms and recently was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance and tax due diligence. He also filed false returns for himself for tax years 2017 through 2019, failing to fully report his income.

Tax 59

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Accounting Insight

MARCH 3, 2025

Since 2019, Penfolds plans have been powered by BlackRocks MyMap range. The post Penfold Announces Major Improvements to its Default Pension Plan,in Collaboration with BlackRock appeared first on Accounting Insight News. Meet the Penfold team on stand 1641 at Accountex London, taking place at Excel London on the 14-15 May, 2025.

Real Estate 52

Real Estate accounted Account accountant 52

Going Concern

JUNE 2, 2025

This story is making the rounds today and it’s highly relevant to the audience not just because AI is being shoved down everyone’s throats including accountants’ You’ll see why in a minute. went bust, requesting financial statements and details on accounting policies according to earlier Bloomberg reporting.

Technology 96

Technology financial statements New York audit 96

VJM Global

MARCH 4, 2025

For FY 2019-20, a show cause notice was issued to the petitioner and the same was uploaded on GSTIN of the petitioner. During FY 2019-20, the Petitioner filed the applicable GST Return. Later on, a notice in DRC-01 was issued to the petitioner on account of ineligible ITC on 24.05.2024. 1911 of 2025 And W.

Tax 52

Tax accounted Account accountant 52

Accounting Today

JUNE 24, 2025

As an accounting professor, I now find myself redesigning activities to ensure that students not only use tools like AI effectively, but also understand when not to rely on them, and how to add value beyond what a machine can produce. All rights reserved.

Rhode Island 100

Rhode Island accounted Account accountant 100

Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. The election must be reflected for financial accounting purposes or the books and records of the company as well. To qualify as a small business, a taxpayer must, among other things, satisfy a gross receipts test.

Tax 105

Tax income tax Construction Non-Profits 105

ThomsonReuters

JUNE 12, 2025

This includes major ERP vendor sales teams in the enterprise sector and the largest global accounting firms and system integrators. Thomson Reuters achieved SAP’s Partner of the Year Award in 2025, is a two-time winner of the SAP Pinnacle Award (2010, 2019) and was the winner of the 2020 SAP Ariba and SAP Fieldglass Apex Award.

Tax 52

Tax E-commerce Technology Sales 52

Accounting Insight

JUNE 27, 2025

The FOI data further highlights stark differences between accounts payable and accounts receivable among government bodies, underscoring universal challenges in invoice management: The invoices departments owe range from 19 days to 18 years late , although the oldest is a clear outlier.

Government 40

Government Technology accounts payable accounting and finance 40

CPA Practice

DECEMBER 11, 2024

Required minimum distributions (RMDs) are amounts that many retirement plan and IRA account owners must withdraw annually. Act: The new law raised the age that account owners must begin taking RMDs, while eliminating RMDs for Designated Roth accounts in 401(k) and 403(b) retirement plans.

tax return 85

tax return income tax Tax accounted 85

ThomsonReuters

DECEMBER 2, 2024

This amount resulted from a final rule issued by the DOL in September 2019 under the Trump Administration. The nullification of the 2024 DOL final rule means that the FLSA overtime salary threshold reverts to the DOL’s 2019 rule of $684 per week.

Texas 59

Texas Tax accounted Account 59

ThomsonReuters

NOVEMBER 1, 2024

Businesses must keep accurate records, report on time, and account for all taxable activities to avoid significant penalties. billion in 2019 due to its Continuous Transaction Controls (CTC) system. More “green” fees and taxes: New environmental taxes and fees are constantly being instated and often change.

Tax 52

Tax Technology audit income tax 52

MyIRSRelief

OCTOBER 11, 2024

This might include contributing to retirement accounts, making charitable contributions, and taking advantage of tax credits. This might include setting up retirement accounts, making charitable contributions, and taking other steps to reduce taxable income. This includes understanding their income, expenses, assets, and liabilities.

tax services 130

tax services payroll tax Tax tax preparation 130

ThomsonReuters

JUNE 27, 2025

Source Income Subject to Withholding), Form 1099-DA (Digital Assets), and Form 5498-QA (ABLE Account Contributions, Rollovers, and Transfers). The post Midyear payroll in 2025: Legislative shifts, judicial rulings, and compliance crossroads appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

payroll 59

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CPA Practice

OCTOBER 28, 2024

Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. Under his leadership, Intuit has transformed from a tax and accounting platform to the global financial technology platform.

quickbooks 104

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