TaxConnex

NOVEMBER 21, 2023

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. As a trusted advisor to your client, it’s important to be prepared for the eventuality of an equity event or even an audit.

cpas 147

cpas Sales Tax audit 147

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. That rate eclipses the 4.2%

accounting firms 119

accounting firms Account accountant accounted 119

CPA Practice

JUNE 4, 2024

Top 60 accounting firm Doeren Mayhew said on Monday that it has positioned itself to be the No. 1 credit union auditing firm in the country after acquiring Miami-based CPA firm Nearman, Maynard, Vallez. The firm continually ranks in the No. Financial terms of the deal weren’t disclosed.

cpas 52

cpas auditor Georgia audit 52

CPA Practice

MAY 14, 2024

As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.

cpas 119

cpas CPA Education accounting and finance 119

ThomsonReuters

MAY 6, 2022

Many accounting firms provide invaluable services that go far beyond tax prep and financial reporting. For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. 3. Audit management. 2. Financial compliance.

accounting firms 93

accounting firms tax preparation Account accountant 93

CPA Practice

APRIL 9, 2024

Reid, ranked as one of the top 20 accounting firms on Long Island, has partnered with Tampa, FL-based accounting platform Crete Professionals Alliance. Historically, independent accounting firms have faced two options: remain independent with more limited resources or merge upstream and dissolve their identity.

cpas 59

cpas cpa firm accounting and finance CPA 59

ThomsonReuters

FEBRUARY 2, 2022

the potential market available to tax and accounting firms is massive. Here are a few ways you can market your firm’s services to individuals and small businesses. How to market tax and accounting services. People search online for products and services, including accounting services. With more than 144.3

accounting firms 98

accounting firms Account accountant accounted 98

Ryan Lazanis

AUGUST 2, 2023

In this article, you’re going to get a ton of inspiration plus a whole bunch of tips for picking amazing accounting firm names. Table of Contents How to Choose a CPA Firm Name? Choosing an accounting firm name is all about branding and how you want the outside world to perceive you.

accounting firms 52

accounting firms Account accountant accounted 52

CPA Practice

AUGUST 9, 2023

billion between April 1 and June 30, according to a recent analysis from Audit Analytics. billion, while six special purpose acquisition company (SPAC) IPOs raised total proceeds of $980 million, according to Audit Analytics. PwC is the company’s audit firm, according to Kenvue’s Form 8-K. billion) 2022 : 46 ($5.3

audit 98

audit cpas accounting firms Account 98

Going Concern

DECEMBER 8, 2023

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. Peak W-2: What’s It Take to Be the Accountant to the Stars?

cpas 99

cpas Account accountant accounted 99

CPA Practice

MAY 2, 2024

Top 10 accounting firm CLA (CliftonLarsonAllen) has acquired Ronald Blue & Co., an Atlanta-based firm that has provided tax, audit, and advisory services to clients for more than 45 years. CPAs, but for the thousands of clients who rely on our specialized services,” said David Hogan, managing partner of Ronald Blue.

cpas 52

cpas Entertainment audit tax services 52

Withum

DECEMBER 12, 2023

Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. This experience puts them at the top of most companies’ list when considering a firm to perform the third-party audit of their ESG and climate reporting.

audit 59

audit cpas Account accountant 59

Going Concern

MARCH 11, 2024

We’ll be doing an article shortly, in the meantime here are some quotes from INSIDE Public Accounting : Bob Cedergren, MNCPA board chair added, “I can tell you from my own experience, through conversations with colleagues throughout the country and the members of the MNCPA, that we have a significant shortage of CPAs.

audit 62

audit Minnesota Account accountant 62

CPA Practice

AUGUST 15, 2023

The Public Company Accounting Oversight Board (PCAOB) has not been in a jovial mood lately. Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug.

audit 98

audit auditor accounting firms cpas 98

CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. This phenomenon has caused the profession to rethink the very model of firm ownership, success, partnership and hierarchy.

accounting firms 132

accounting firms Account accountant accounted 132

Going Concern

DECEMBER 1, 2023

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. How Is Deloitte Making Accounting Accessible To Diverse Young Talent? Only 10.8%

cpas 100

cpas audit auditor CPA 100

CPA Practice

AUGUST 9, 2023

AuditClub, the Audit Service Center for CPA firms and companies, has launched a new alliance model designed to connect tax and non-attest accountants with AuditClub One assurance professionals to improve service delivery options to clients. “In

audit 52

audit Account accountant accounted 52

Going Concern

MAY 28, 2024

The local news in Cincinnati covered this strategic move : One of Greater Cincinnati’s largest accounting firms is being acquired by an Indianapolis company. Blue Ash-based tax, advisory and audit firm Cassady Schiller CPAs & Advisors will become part of Katz, Sapper & Miller in a transaction that will be completed May 31.

audit 67

audit Hospitality Account accountant 67

CPA Practice

AUGUST 17, 2023

Over the last year, the hottest topic of discussion among accounting professionals has been about how artificial intelligence will shape professional firms. For a profession as risk averse as accounting, what can we gather from this? AI has potential to save accounting.

accounting firms 98

accounting firms Account accountant accounted 98

Accounting Insight

MARCH 8, 2023

Trouble finding qualified staff continues to be a top concern for accounting firms of all sizes, according to the AICPA’s 2023 Top Issues Survey. Consider non-traditional workers How many CPAs do you really need? Your firm obviously needs a certain number of licensed CPAs if you provide auditing services.

accounting firms 59

accounting firms Account accountant accounted 59

ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. These challenges compound quickly as the volume of audits increases. However, there is an answer: audit automation.

audit 52

audit auditor cpas financial statements 52

Going Concern

APRIL 26, 2024

One of the Big Four firms, KPMG, has become the first white-collar British business to employ former prisoners as part of the government’s new pilot programme. The firm said on Thursday that Amitrano would become the firm’s next UK senior partner after triumphing in a partner vote against audit boss Hemione Hudson and tax leader Laura Hinton.

cpas 84

cpas auditor West Virginia accounting and finance 84

CPA Practice

APRIL 12, 2023

By Blake Oliver, CPA, and Chris Vanover, CPA. CPAs have always been passionate about numbers, using various metrics such as revenue, profit, headcount and realization to measure success. However, this focus on numerical indicators is contributing to the decline of the CPA profession itself.

Account 136

Account accountant accounted Education 136

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. The Role of Accounting in CAS 7. Where Technology Fits in CAS 3.

accounting firms 78

accounting firms Account accountant accounted 78

CPA Practice

APRIL 26, 2023

The Pennsylvania Institute of Certified Public Accountants , the largest CPA association in Pennsylvania with over 20,000 members, has issued its latest Insights report. The report’s deep dive provides the latest data on compensation across titles, technology adoption, billing model breakdowns, M&A and more.

Pennsylvania 52

Pennsylvania public accounting accounting firms Account 52

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Earlier: The CPA Credential and the Profession Are in a Race For Relevance, Says ICPAS CEO Todd Shapiro (October 2021) UK audit firms are asleep at the wheel according to a new report.

audit 93

audit auditor Account accountant 93

CPA Practice

FEBRUARY 23, 2024

Accounting firms and departments face continuous pressure to attract and retain talent due to a persistent shortage of qualified professionals to do the work. Automated financial technology can help firms prioritize incentives that will help them secure and keep the CPA-certified professionals they need to succeed.

Technology 75

Technology cpas CPA public accounting 75

Going Concern

FEBRUARY 8, 2023

As CEO of a staffing firm that connects companies with professionals in Mexico, every day I speak with accounting firms, CFOs and other executives looking to hire accountants and other financial professionals in the U.S. despite having more than double the population, has just over 665,000 actively licensed CPAs.

accounting and finance 85

accounting and finance accounting firms Finance Account 85

Going Concern

OCTOBER 25, 2022

It’s 2022 and accounting firms are proudly buying up “real estate” in the metaverse, putting out self-congratulatory press releases about it like it’s supposed to make us think they’re ahead of the curve on technology. Get on this immediately, firms. Concept art: Who do we call to make this happen?

accounting firms 106

accounting firms Real Estate Gaming Account 106

Going Concern

SEPTEMBER 1, 2022

Last week, we published a letter written to Fortune by a former CPA who pivoted to driving 18-wheelers and found far more career happiness than he ever would have in accounting (good for him). Accounting and being a CPA have been the worst personal decision and professional organization I’ve been a part since passing.

cpas 97

cpas cma Real Estate accounting and finance 97

Going Concern

DECEMBER 2, 2022

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. The following is a discussion of what I have found to be the most common reasons why people leave public accounting.

public accounting 93

public accounting audit Account accountant 93

CPA Practice

JANUARY 3, 2024

Top 200 accounting firm ATA CPAs + Advisors has expanded its presence in western Tennessee after combining with Memphis-based Whitehorn Tankersley & Davis PLLC on Jan. It also specializes in trust and estate tax reporting as well as audits for financial institutions. “We Financial terms of the deal were not disclosed.

cpas 59

cpas Tennessee Mississippi Arkansas 59

CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S. and 8.4%, respectively.

Account 112

Account accountant accounted cpas 112

CPA Practice

SEPTEMBER 28, 2023

The American Institute of CPAs has released a new practice aid to help accounting professionals create a system of quality management (QM) for their firm’s accounting and auditing practice. The document is available in versions for sole practitioners and for small- and medium-sized firms.

audit 52

audit Account accountant accounted 52

Going Concern

JANUARY 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Tingo paid $1.6

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audit auditor Illinois CPA 94

Going Concern

APRIL 15, 2022

To counter this perception, the accounting profession could be rebranded as a foundational force of social stability and progress, and not just as “a job” with long hours and low return on investment (ROI) on education. For example, every startup would benefit immensely from having a CPA among its founders. A narrow focus on numbers.

accounting firms 52

accounting firms audit Account accountant 52

CPA Practice

JUNE 19, 2023

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Meanwhile, accounting firms were always happy to fill their off-season job calendars with state and local government audits.

Government 98

Government Account accountant accounted 98