ThomsonReuters

OCTOBER 18, 2024

← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Highlights: Statutory reporting ensures transparency and compliance by mandating financial and non-financial disclosures to regulatory bodies. What is statutory reporting?

Non-Profits 52

Non-Profits financial statements Legal tax return 52

CPA Practice

JULY 7, 2025

Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. Mary Girsch-Bock AICPA News is a collection of recent news briefs from the American Institute of CPAs and the Chartered Institute of Management Accountants. from spring 2024.

cpas 85

cpas accounting and finance CPA Technology 85

Xero

NOVEMBER 28, 2024

Ellie Redfern , Enterprise Account Manager at Xero, recently spoke with Symon Barkway , a partner at the Xeinadin Sittingbourne office and the area managing partner of the North Kent region, on his journey with Xero and why he’s passionate about helping other accounting firms embrace change. Tell us about your firm?

Non-Profits 95

Non-Profits bookkeeping Technology Healthcare 95

Withum

MARCH 17, 2025

For importers of raw materials or finished goods, Accounting Standards Codification (ASC) 330: Inventory requires that all costs necessary to bring a product to its saleable state should be classified as inventory. Visit Resource Center Transfer Pricing Enters the Equation Multinational companies with purchases or sales through non-U.S.

financial statements 95

financial statements Manufacturing Non-Profits Tax 95

Basis 365

APRIL 14, 2025

Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting. But why has outsourced accounting become the new normal?

Account 52

Account accounted accountant quickbooks 52

CPA Practice

DECEMBER 3, 2024

Sage, a maker of accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), has announced that Sage Copilot is available to early adopters initially in the US and UK on Sage Intacct. Streamlined operations in these industries directly contribute to improved profitability and business growth.

general ledger 59

general ledger Non-Profits accounting and finance Finance 59

Mark Lee

JULY 22, 2025

For some time now it has been increasingly common to see firms describing themselves as “accountants and business advisers.” NB: I know of accountants constantly seeking the perfect tech solution to both analyse clients’ data and position the accountant as a great business adviser. But what does that really mean?

Account 52

Account accounted accountant Non-Profits 52

Shay CPA

APRIL 28, 2025

Penalties for Non-Compliance: While enforcement measures are still being finalized by NYC regulators, failure to meet these requirements may result in penalties. Employer Contribution Deduction: Any matching contributions or other employer contributions to employee retirement accounts are tax-deductible as a business expense.

New York 52

New York payroll New Jersey CPA 52

Withum

DECEMBER 4, 2024

An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e., financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). For-profit entities can apply clean energy credits against their federal income tax due.

Tax 105

Tax income tax Construction Non-Profits 105

Anders CPA

FEBRUARY 28, 2025

To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

Basis 365

JUNE 25, 2025

Are we scaling profitably, or just burning cash faster?” Let’s break down what real financial visibility means, why it becomes non-negotiable when your business pushes into 7-figure territory (and beyond), and how outsourced accounting solutions can bring sanity, strategy, and structure back into the mix.

accounting and finance 52

accounting and finance bookkeeping Non-Profits Finance 52

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 72

accounting careers managerial accounting Account accounted 72

Reckon

FEBRUARY 20, 2025

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. Under the old way, if you returned $416 or less in taxable income, you retained the tax exemption status and provided a non-lodgement form to the ATO. What does self-review mean for Not For Profits?

Non-Profits 52

Non-Profits income tax Tax Government 52

Going Concern

MARCH 21, 2025

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. Talent Navigating the Accounting Pipeline Crisis [ CPA Journal ] Anthony J.

Technology 52

Technology Non-Profits audit CPA 52

Accounting Today

JULY 14, 2025

CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies. All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Short-term rentals have become a lucrative investment opportunity, especially with the rise of platforms like Airbnb and VRBO. Heres how they do it: 1.

Real Estate 59

Real Estate Tax cpas Non-Profits 59

Going Concern

MAY 29, 2025

Struggling to Find Remote Accounting Talent? If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand you’re not out of options. Weve Got You Covered.

Real Estate 52

Real Estate Tax Account accounted 52

Accounting Today

JUNE 16, 2025

The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.

Tax 120

Tax Non-Profits corporation tax tax planning 120

Menzies

JUNE 6, 2025

Menzies LLP - A leading chartered accountancy firm. London, May 2025: Menzies LLP, a leading accountancy and strategic advisory firm, today announces the expansion of its Deal Advisory team with two senior appointments. Dominic Lowbridge joins the firm’s Solent office as a Director with a focus on financial due diligence.

chartered accountant 52

chartered accountant Non-Profits accounting and finance accounting firms 52

Going Concern

JANUARY 23, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 52

Real Estate Account accounted accountant 52

Acterys

NOVEMBER 24, 2024

For finance teams, the end of the year is not just about celebrations — it’s about reviewing financial performance, setting new goals, and developing a strategic plan to ensure future success. Many finance teams face challenges like fragmented data sources, manual data gathering, and limited forecasting capabilities.

Finance 130

Finance accounting and finance Non-Profits quickbooks 130

Xero

SEPTEMBER 1, 2022

My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. So I was excited to host a panel discussion at Xerocon London with three experts to understand how small businesses can feel supported on their finance journey. . The UK’s 5.6

Finance 111

Finance bookkeeping accounting and finance Non-Profits 111

PANALITIX

MAY 31, 2021

Specializing an Accounting Business: . Specialization is one way to distinguish your firm from the competition and generate more profitable work. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Some Accountants will prefer to Stay Close to Accounting.

Account 130

Account accounted accountant Non-Profits 130

Accounting Insight

OCTOBER 17, 2024

But instead accountants decided to put together these two rather bizarre nouns. To be fair, before computers were invented, the books (a term that accountants use for accounting records) had to be balanced and a trial balance was prepared before completing financial statements. Their accounts show either a profit or a loss.

financial statements 105

financial statements Non-Profits Account accounted 105

LSLCPAs

FEBRUARY 12, 2024

Your Mission As a non-profit, your primary goal is to provide services that contribute to the betterment of society through a variety of different ways, such as charitable and philanthropic work, or advocacy and awareness. Your entity might be a charitable organization, a public charity, or a private foundation.

Non-Profits 59

Non-Profits Government cpas Account 59

Reckon

AUGUST 13, 2023

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! So if you’re an NFP, why should you emerge from the last century and embrace the far-reaching benefits of accounting software to manage your financial operations?

Non-Profits 52

Non-Profits accounting software Account accounted 52

AccountingDepartment

JUNE 24, 2021

The treasurer of a non-profit reports the organization's finances and handles the management of the organization's finances. The best qualities of a treasurer for a non-profit organization include attention to detail, is detail, financial literacy, and accurate record keeping.

Non-Profits 52

Non-Profits Finance Account accounted 52

Basis 365

SEPTEMBER 14, 2022

It doesn't matter if you run a marketing agency or a management consulting firm when it comes to managing a profitable consultancy business. For a service-based business to be profitable, it is essential to track time and invoicing accurately. These four accounting tips will increase your consulting company's profitability.

Non-Profits 98

Non-Profits bookkeeping Account accounted 98

CPA Practice

OCTOBER 18, 2024

The Florida Institute of Certified Public Accountants (FICPA) recently announcedJim Gurowka, CAE, as its new Chief Growth Officer (CGO), effective Sept. Gurowka comes to the FICPA after a 19-year tenure as Senior Vice President of the Institute Management Accountants (IMA). Christine has a BBA in Accounting from St.

CPA 110

CPA Non-Profits cpas Washington 110

Basis 365

APRIL 13, 2022

Does it make sense to outsource your accounting? More and more companies are allowing outsourced accounting firms to take care of their accounting functions and are reaping all the benefits outsourced accounting offers. Outsourced accounting services are less expensive than full-time employee benefits.

Account 92

Account accounted accountant Non-Profits 92

Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies.

Finance 98

Finance Tax Manufacturing Legal 98

CPA Practice

JANUARY 18, 2023

ICPAS serves an extraordinary community of more than 22,600 accounting and finance professionals in a variety of CPA and non-CPA roles positioned throughout the public accounting, corporate finance, not-for-profit, consulting, education, and government sectors. Giving Back.

Illinois 125

Illinois CPA Non-Profits cpas 125

Snyder

MAY 27, 2022

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health.

managerial accounting 98

managerial accounting financial accounting Account accounted 98

inDinero Accounting

OCTOBER 31, 2023

If your nonprofit needs assistance putting together a financial statement or simply managing funds, indinero’s accounting services team is here to help. Our experts have extensive experience in the non-profit sector and are a more affordable option than a full-time employee or team.

accrual accounting 105

accrual accounting Non-Profits accounting and finance financial statements 105

Snyder

JUNE 27, 2022

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. But if you’re a business owner trying to make sense of your finances, it’s good to master the basics. What is accounts receivable (AR)? Let’s dive in! Contents: 1.

accounting basics 98

accounting basics Account accounted accountant 98

Ryan Lazanis

APRIL 20, 2022

Finding the right accounting niches is a tried, tested, and true way to quickly grow your firm. 10 great examples of accounting niches. What is an Accounting Niche? Deeper understanding, deeper services: Startups care about “burn rate” and “financing” while dentists want to open new offices and entice dentists to work for them.

Real Estate 98

Real Estate Account accounted accountant 98

Going Concern

AUGUST 9, 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. So here, take this tweet instead. Also how much they pay offshore staff.

accounting firms 104

accounting firms Account accounted accountant 104

MyIRSRelief

FEBRUARY 1, 2022

For most businesses, this falls on the Accounting department. A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. This includes the very important topic of taxes (preparation, planning and representation).

CPA 130

CPA Non-Profits cpa firm Construction 130