Accounting Insight

FEBRUARY 20, 2023

If you’ve followed financial news over the past several months, chances are you’ve seen at least one headline about the ongoing accountant shortage. Maybe you’ve even experienced the pains of struggling to hire candidates at your firm. But why has the accounting profession become so unattractive? Salaries matter.

cpa firm 52

cpa firm CPA accounting careers Technology 52

CPA Practice

SEPTEMBER 12, 2023

Maximize Profits, Minimize Stress: Expert Accounting Solutions Tailored for You Secure Your Financial Future with Our Trusted Accounting Services Achieve Business Success: Comprehensive Accounting Solutions for SMEs Unparalleled Accuracy, Unbeatable Service: Choose Us for All Your Accounting Needs Unlock Business Growth: Streamline Your Finances with (..)

cpa firm 115

cpa firm CPA accounting and finance cpas 115

CPA Practice

OCTOBER 19, 2023

Top 30 accounting firm Cherry Bekaert has acquired PKF Mueller, a full-service CPA firm based in Elgin, IL. million, making it the 127th largest accounting firm in the U.S. The ability to scale more broadly and be part of top-notch firm was another deciding factor.

cpa firm 52

cpa firm CPA Illinois Management Consulting 52

LSLCPAs

MARCH 29, 2022

Introduction Deciding to hire a CPA firm versus hiring a person to do your bookkeeping and accounting is an important decision! When the company is small, it could be appropriate for one person to wear the accounting hat. The post Should You Outsource Your Accounting to a CPA Firm?

cpa firm 52

cpa firm CPA Account accountant 52

SMBAccountant

JANUARY 4, 2023

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. The new lease accounting rules seek to make the impact ofleases more transparent within financial statements. Permalink

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Account accountant accounted accounting standards 246

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 88

accounting and finance accounting firms Finance Account 88

Ryan Lazanis

MARCH 14, 2023

If you’re curious how much your firm is worth and how to increase your firm’s valuation, you’ll want to read this article on how to value a CPA firm. I’ll also draw on my personal experience from selling my online accounting firm just a few years ago. Let’s go!

cpa firm 52

cpa firm CPA accounting and finance accounting firms 52

TaxConnex

APRIL 25, 2024

TaxConnex’s recent market survey of 100 top finance professionals found that almost half (46%) of respondents used internal sources to prepare and file returns and more than half used internal resources to track nexus and manage jurisdictional notices and communications. But how easy is it to put these resources together?

Sales 202

Sales Tax accounting and finance auditor 202

CPA Practice

DECEMBER 28, 2023

ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. In finance and accounting, early adopters have seen the potential of language-based AI interfaces to create scripts and formulas and draft responses to clients. By Christopher Stark, Founder & CEO, Cetrom.

accounting firms 119

accounting firms Account accountant accounted 119

Going Concern

JULY 25, 2022

Some headlines to get you started on this fine Monday: KPMG partner banned from accounting after misleading regulator over Carillion. million after the firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis.

audit 103

audit Account accountant accounted 103

ThomsonReuters

JUNE 16, 2023

Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders.

accounting firms 111

accounting firms Account accountant accounted 111

CPA Practice

SEPTEMBER 28, 2023

Paro was built to change how professionals and businesses alike accomplish their goals within the accounting and finance space. That means helping CPA firms overcome capacity challenges through a flexible, fractional staffing model. They provide U.S.-based

cpa firm 52

cpa firm Account accountant accounted 52

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. As such, instead of promoting your accounting skills, always prioritize client-centric messaging throughout your website. Let’s go!

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Account accountant accounted bookkeeping 98

CPA Practice

JUNE 5, 2023

The consulting practices at seven of the biggest accounting firms in the U.S. Business news and analysis website The Consulting Report last month released its ranking of the top 50 consulting firms of 2023 , which it said “highlights the world’s most trusted and influential professional services firms.”

cpa firm 52

cpa firm CPA Technology Agriculture 52

CPA Practice

MAY 9, 2023

But employers — including CPA firms — shouldn’t assume they can breathe any easier when it comes to retaining in-demand talent. Notably, nearly two-thirds (62%) of respondents reported that their companies want to hire accounting and finance professionals for permanent roles.

Account 115

Account accountant accounted cpa firm 115

Going Concern

MAY 13, 2024

AT&T is coming for your recruits : AT&T Woos Accounting Students, Bypasses Big Four Training Ground AT&T Inc.’s ’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead.

Oregon 76

Oregon Account accountant accounted 76

CPA Practice

DECEMBER 30, 2023

ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. In finance and accounting, early adopters have seen the potential of language-based AI interfaces to create scripts and formulas and draft responses to clients. By Christopher Stark, Founder & CEO, Cetrom.

accounting firms 69

accounting firms Account accountant accounted 69

Accounting Insight

JANUARY 15, 2024

According to the 2020 Accountancy Age “Top 50+50” survey, almost half of all certified accountants were women (45.47%). Women make up nearly half of all accountants globally, a testament to their talent and dedication to the field. However, their presence shrinks dramatically when it comes to leadership roles.

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Account accountant accounted accounting and finance 59

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. Clients work with your CPA firm because they want to benefit from the skills and expertise of your staff. By Steve Saah.

Technology 52

Technology CPA cpa firm accounting and finance 52

CPA Practice

SEPTEMBER 19, 2023

But it’s still worth underscoring how important it is for CPA firm leaders to closely monitor the job satisfaction of these precious resources — especially at a time when many of these professionals might be thinking about making a job change soon. Plus, it can strengthen employee morale.

cpa firm 110

cpa firm CPA accounting and finance Virginia 110

Going Concern

JANUARY 30, 2023

Deloitte & Touche LLP partners and staffers failed to make financial disclosures required to ensure the independence of their audit work, according to new details from the firm’s 2018 PCAOB inspection. These escrow accounts were at the centre of the Wirecard fraud. These are skills that AI simply cannot replicate.

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Account accountant accounted cpa firm 82

CPA Practice

JANUARY 24, 2024

But for CPA firm leaders, it’s difficult to focus on the future when you’re dealing with a host of immediate business priorities. Top among them is competing for finance and accounting talent to staff both new and vacated roles and help keep critical projects moving forward. A new world is upon us.

cpa firm 64

cpa firm accounting and finance CPA Technology 64

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

Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. DON’T OVER- OR UNDER-HIRE.

accrual accounting 52

accrual accounting Account accountant accounted 52

Going Concern

JANUARY 8, 2024

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2%

Tax 94

Tax Account accountant accounted 94

CPA Practice

FEBRUARY 23, 2023

You were proactive and diligent about readying your accounting firm for tax season, and yet you’re still facing staffing gaps precisely when you need all hands on deck. Unfortunately, the shortage of talent in the accounting profession isn’t minor or likely temporary. Who can replace these workers? The number of U.S.

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Account accountant accounted accounting and finance 121

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. Grant Thornton Gets Downgraded to a Tier 2 Firm, That’s Probably a Good Thing 1. NYSSCPA CEO Calvin Harris, CPA said in a column for CPA Journal : But the winds of change have long been upon us. More on the New York non-CPA ownership bill. Why the Question?

auditor 52

auditor cpa firm Account accountant 52

Going Concern

MAY 26, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting firm is embroiled in a national scandal over its use of confidential information about proposed tax laws to drum up business. Have a safe Memorial Day.

public accounting 85

public accounting Account accountant accounted 85

Going Concern

FEBRUARY 27, 2023

In Australia, EY is still bungling this one up : EY accidentally leaked the personal details of current and former employees while trying to launch a massive review into the firm’s workplace culture. Go forth and account. From FloQast : Six in ten (63%) U.K. appeared first on Going Concern.

Technology 102

Technology Account accountant accounted 102

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

CPA Practice

MARCH 7, 2023

You were proactive and diligent about readying your accounting firm for tax season, and yet you’re still facing staffing gaps precisely when you need all hands on deck. Unfortunately, the shortage of talent in the accounting profession isn’t minor or likely temporary. Who can replace these workers? The number of U.S.

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Account accountant accounted accounting and finance 105

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

CPA Practice

SEPTEMBER 7, 2023

The world of accounting and bookkeeping is on the cusp of a major transformation, and the key to staying ahead of the curve lies in mastering workflow optimization. WorkflowCon 2023 represents an exceptional opportunity for accounting and bookkeeping firm owners to gain a competitive edge by harnessing the power of innovation and efficiency.

Account 72

Account accountant accounted bookkeeping 72

Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. In it the author covers their introduction to accounting, the impact the pandemic had on their goals, and the all too familiar feeling of watching your peers make buckets of money in other careers while you grind away in public. I loved the class.

public accounting 121

public accounting Account accountant accounted 121

Going Concern

JULY 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting is the language of business: If you understand this language, you can work creatively across the world of finance.

audit 97

audit Account accountant accounted 97

Going Concern

JUNE 15, 2023

Prior to 2007 I had little idea the accounting profession existed. That was the year I started working in CPA review, Going Concern was founded two years later. This cross-disciplinary knowledge covers accountancy, business law, corporate finance, human resources, information technology, marketing/sales, and operations.

Account 59

Account accountant accounted Education 59

MyIRSRelief

FEBRUARY 1, 2022

For most businesses, this falls on the Accounting department. For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice. This article is designed to discuss the benefits of hiring and working with a Los Angeles CPA and or an EA.

CPA 130

CPA Non-Profits cpa firm Construction 130