Sat.Mar 23, 2024 - Fri.Mar 29, 2024

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Foundational skills for young accountants

Accounting Today

Experts highlight tech savviness and strong communication as key skills for early-career accountants.

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Here’s the Projected Pay Range for Seven Accounting and Tax Roles in 2024

CPA Practice

Salaries for an accountant are expected to range, depending on experience, from $57,719 to $104,788 in 2024, as the balance of power tilts slightly back toward employers with the Great Resignation winding down , according to the 2024 Salary Guide from staffing agency Randstad USA. “Recent years have seen a talent market dominated by rising salaries, candidate scarcity, and the vast majority of power sitting with the candidates themselves, rather than employers.

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Trending Sources

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Tax season so far: Looking for answers

Accounting Today

Taxpayers are accessing the IRS website much more this year than last to find the answers they need, with more than 410 millions visits through March 15.

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How Agency Owners Can Work Less and Earn More with Karl Sakas

Summit CPA

Karl Sakas reveals how he gets clients through growth plateaus while working less and earning more through marketing agency operations.

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Planning Your Restaurants 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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Three-year-old startup bets AI can help fix accountant shortage

Accounting Today

Fieldguide raised $30 million in funding led by Bessemer Venture Partners to further its goal of using AI to alleviate an acute shortage of accountants worldwide.

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Chris Meyer on Empowering Accountants: Enhancing QuickBooks Online Analytics with Finatical Software

Insightful Accountant

Gary DeHart hosted the Accounting Insiders podcast with Chris Meyer, CEO of Finatical Software. They discussed Chris's transition from accounting to software development and his focus on financial analytic solutions for QuickBooks Online users.

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Accountant Accused of Stealing From Clients Arrested For Third Time, Police Say

CPA Practice

By Josh LaBella, The Register Citizen, Torrington, Conn. (TNS) A local accountant has been accused for a third time of stealing from a client, police said. New Milford (Connecticut) police said Monday that Carl Benjamin Anderson was arrested March 12 and charged with third-degree larceny. Police said Anderson was found stealing from a local small business owner who hired him to perform bookkeeping services.

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Art of Accounting: Taking your practice to next level

Accounting Today

Growing a firm is difficult, but not growing it could be more difficult.

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6 Steps to Getting Sales Tax Right in 2024

TaxConnex

We are at the end of Q1 of 2024 and continue to discuss how to ensure your business is set up to get sales tax right in 2024. If you’re like the over 49% of businesses who participated in our annual sales tax trends survey and are unsatisfied with the way you are managing sales tax, then you’re in the right place. The complexities surrounding managing your sales and use tax obligations continue to evolve and perplex businesses of all sizes.

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Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups

BurklandAssociates

For venture-backed startups looking to optimize costs without compromising on financial expertise, hiring a fractional CFO can be a game-changer. The post Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups appeared first on Burkland.

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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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IRS on Track to Give Fewest Tax Refunds in at Least 15 Years, Data Shows

CPA Practice

By Dave Eisenstadter, masslive.com (TNS) With this year’s tax filing deadline approaching, IRS reporting continues to show millions fewer refunds this year compared with last year. Records obtained from the IRS show that this year’s tax season is on track to have the fewest refunds in at least 15 years. As of the week ending March 15, the most recent data available , the IRS had issued just over 49 million tax refunds, close to 9% lower than at that point in the tax season last year, when near

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Vote For The Dancing Accountant In the 2024 Top 100 ProAdvisor Awards!

Nancy McClelland, LLC

So very pleased to announce that Nancy been nominated once again for Insightful Accountant’s prestigious “Top 100 ProAdvisors Award”! It’s her fifth time being nominated, and after last year’s win , we’re hoping to make it a two-fer. One small challenge this year is that due to an administrative snafu, the name “Nancy McClelland” shows as the very last one on the list, rather than in alphabetical order.

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Glazier to Union Leader: An Interview With Trailblazer Madison Hull

Withum

In celebration of Women’s History Month, Withum’s Multiemployer Benefit Plans and Labor Unions Service Partner, Jessica Roster , had an insightful conversation with Madison Hull, the Director of Service and President at District Council 16 International Union of Painters & Allied Trades. Madison’s professional journey is nothing short of remarkable.

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$1B in 2020 tax refunds remains unclaimed

Accounting Today

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

By Jay Weaver, Miami Herald (via TNS). When the coronavirus threatened to turn the nation into a graveyard of failed businesses, Congress rushed through an emergency loan program: about $800 billion — roughly the size of the annual defense budget — was doled out in a matter of months to millions of companies. There were few strings attached: the U.S.

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Deloitte Partners Tragically Hit With “Improvement Required” Performance Ratings For Backdating Workpapers

Going Concern

Do you guys remember the Deloitte auditors in Canada who were busted changing the clocks on their computers to backdate workpapers ? The reason they took the extraordinary step of changing the clocks on their computers is due to a software feature Deloitte added to their audit suite explicitly intended to prevent the backdating of workpapers. The feature was explained ad nauseam to partners and staff alike after its implementation to make sure everyone understood that backdating workpapers is a

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QuickBooks Monday Minute | Recurring Transactions

Insightful Accountant

Recurring transactions, a feature in QuickBooks Online, is a powerful tool that can save you time and effort. It automates the creation of transactions that you frequently enter, ensuring consistency and accuracy.

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Auditors want better work-life balance, compensation and career development

Accounting Today

A negative outlook on work-life balance is one of the most important factors driving people away from the auditing profession.

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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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Southwest to Offer First Overnight Flights from Vegas to Hawaii

CPA Practice

By Laurie Baratti, TravelPulse (via TNS). For the first time in its 57-year history, Southwest Airlines is planning to operate overnight flights, the first being from Las Vegas and Hawaii. While no formal date has been set for the launch of the late-night departures, Southwest’s Chief Commercial Officer, Ryan Green, stated this week that the carrier is aiming to start them in about two years.

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Weekend Discussion: Does Leadership Even Know What Gen AI Is?

Going Concern

KPMG put out results from a GenAI survey recently and it made this thought I’ve had bubbling in my mind for a while boil over: Does leadership even know what it is or are they just saying this because they don’t want to seem out of touch? Some key points from the KPMG survey, as key-pointed by KPMG: 97% of leaders are investing in GenAI over the next 12 months, with 43% of leaders saying their organizations plan to invest $100 million or more. 51% of leaders are currently measuring G

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Xero invoicing: how we’re building a smarter, more flexible future

Xero

We recently announced that we’ll be retiring the older version of our invoicing product — classic invoicing — on 2 September 2024. We know you have plenty of questions and concerns about this change, so we thought we’d share an update on what’s happening behind the scenes. The good news: our teams are busy building a new invoicing product that is going to give you far more flexibility and customisation in the future, with beautiful checkout experiences and unlimited payment methods.

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Chester Ventura Named Banking & Finance Industry Visionary by LA Times

Withum

Withum is proud to share that Chester Ventura , CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2024 Visionary. The list includes the top trusted advisors in the Los Angeles area who routinely rise to meet ongoing challenges and help create financial security. Chester is a partner in Withum’s Los Angeles office and has over 20 years of experience providing attestation services for privately held companies.

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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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California and San Francisco Bay Area Saw Job Losses in February

CPA Practice

By George Avalos, The Mercury News (via TNS). The Bay Area and California both lost thousands of jobs during February, a disquieting report that raises questions about the strength of the economy in the state and this region. The job losses in the nine-county region and statewide suggest that the hiring boom that began in the final few months of 2023 and extended into January of this year has been interrupted, at least for now.

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Tax the rich is actually a popular bipartisan stance, poll shows

Accounting Today

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and they support higher income taxes on people who make more than $400,000 a year by the same margin.

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Intuit builds "Done-for-you" Tax Model based on AI

Insightful Accountant

In our attempt to bring you more International Coverage welcome an "International Pro's Perspective". Sholto Macpherson brings a fresh perspective on the Accounting Tech.

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Manage Remote Workers Through I-9 Requirements: A How-To for Skagit County Businesses

SkagitCountyTaxServices

Double-checking is a motto we live by here at Padgett & Padgett, PLLC CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a couple of different checks before we send it off to the IRS for you. That matters this time of year as we hustle to get returns submitted (or extensions in some cases).

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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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Florida Man Gets Prison for Not Paying $900K in Employment Taxes

CPA Practice

A Florida man has been sentenced to 30 months in prison for failing to pay over taxes that he withheld from his employees’ paychecks. According to court documents and evidence presented in court, Timothy Meade, of Fort Myers, Florida, operated a prison phone call service under several business names. From 2011 through 2021, he withheld taxes from his employees’ paychecks but did not pay over to the IRS the full amount of the taxes he withheld.

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Is there room for number crunchers?

Accounting Today

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

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Calculating Your ROI Per Employee

Insightful Accountant

The changing landscape in the tax industry means firms are facing changes at a faster pace than ever. In addition to rapid technology changes, staffing challenges are prevalent and clients are demanding more value-added services than ever.

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Cheap-Ass Firms Are Loving This Outsourcing Thing

Going Concern

Is no one concerned about the brain drain happening at the lowest levels as all the grunt work that used to train newbies gets sent overseas? Are we quickly headed toward a world where entire teams from manager on down are in another country? And does this mean clients will get a break on fees since the talent is so much cheaper? LOL to that last one.

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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.