CPA Practice

APRIL 9, 2024

Let’s face it, the accounting profession has developed a bad reputation – toiling through long hours chained to a desk, crunching numbers, deciphering archaic tax codes and grinding out tedious tasks, all for lower starting pay and heavy licensing requirements. Compounding the problem is the increased demand for accountants.

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CPA Practice

NOVEMBER 26, 2023

Additionally, EAs can receive up to 3 hours of CE credit. This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office. Field of study: Marketing 4pm ET: AI FOR REAL: HOW CAN ACCOUNTANTS USE THIS TECHNOLOGY? DAY ONE (Dec.

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Going Concern

APRIL 22, 2024

Those of us who’ve worked or even simply seen behind the curtain of audit know the things he points out to be true — assurance is reasonable not absolute , financial statements are the responsibility of management not auditors, “finding fraud” is not the ultimate goal of audits — but do investors?

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CPA Practice

APRIL 18, 2024

The duties test can be a bit complicated for some positions, but here is a brief explanation of what can qualify an employee for exemption: Manager: They must supervise two or more employees, and managing has to be a big part of their job. They need to be out and about, meeting with customers.

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Accounting Insight

APRIL 10, 2024

Chaser, the leading credit management automation platform, announces a new integration with Microsoft Dynamics 365 Business Central (MS Dynamics), an all-in-one business management solution for small to midsize companies, empowering businesses to effortlessly manage their accounts receivable process, by using automation and AI.

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CPA Practice

FEBRUARY 7, 2024

Every year, millions of businesses and other entities have a mini tax season before the real tax season, and many turn to their accounting firm advisors or tax professionals for help. Most companies and firms are on top of the 1099-K rule not changing until next year,” said Kael Kelly, general manager for 1099 & W-2 at Avalara.

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GrowthForceBlog

FEBRUARY 20, 2024

7 min read In the AEC (Architecture, Engineering, and Construction) industry, the core function of your business is a far cry from bookkeeping and accounting. Key Takeaways A Quick Comparison: Both Intacct and QuickBooks offer comprehensive accounting software features.

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CPA Practice

SEPTEMBER 25, 2023

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance. Students receive real-time feedback, also driven by AI, to refine performance and boost confidence.

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CPA Practice

APRIL 24, 2024

We’re committed to providing taxpayers who wish to resolve their issues without litigation a choice of early resolution options, and the Alternative Dispute Resolution Program Management Office will ensure taxpayers are aware of those options.”

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Withum

APRIL 25, 2024

Collect Tax Data Tax information comes up all year long, not just during the filing season when you receive the 1099s, K-1s, W-2s and all the other data you need. As information is received or arises, put it there. Consolidate Accounts If you have multiple brokerage accounts, consider consolidating them with one broker.

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Xero

NOVEMBER 14, 2023

While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK. What is eInvoicing?

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CPA Practice

JULY 24, 2023

Mastercard has partnered with Billtrust to launch the new Mastercard Receivables Manager , an automated system that streamlines how businesses can accept and process virtual card payments. Mastercard Receivables Manager was developed to make virtual card transactions more efficient, secure and cost-effective to process.

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Withum

APRIL 23, 2024

Jim Bourke is the Managing Director of Withum’s Advisory Services practice. Jim was also recently recognized by Accounting Today on their list of Top 100 Influential People in Accounting. Pat Walsh , Managing Partner and CEO, was also honored for his professional and philanthropic achievements.

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AccountingDepartment

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations.

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Accounting Insight

MARCH 12, 2024

Chaser, the global credit control automation platform and service provider, today announced its integration with Oracle Netsuite® Software (“Netsuite”), a cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses including accounting and financial management.

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ThomsonReuters

MARCH 8, 2024

As busy accountants, it’s easy to get stuck in survival mode. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability? Accounting firms face an array of challenges, such as new technologies, increased client demands, legislative changes, and staffing constraints.

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CPA Practice

APRIL 26, 2024

Accounting for and Disclosures of Software Costs: FASB staff provided PCC members with an update on the project, including the Board’s recent decision to pursue targeted improvements to Subtopic 350-40, Intangibles—Goodwill and Other—Internal-Use Software.

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Insightful Accountant

OCTOBER 5, 2023

The new financial operations platform for SMBs integrates category-leading solutions across accounts payable (AP), accounts receivable (AR), and spend and expense management.

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Withum

NOVEMBER 2, 2023

Withum is pleased to share that it has successfully completed a System and Organization Control (SOC) 2 Type 1 examination in accordance with the standards set forth by the Association of International Certified Professional Accountants (AICPA).

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CPA Practice

DECEMBER 17, 2023

Accounts Payable (AP), in particular, has become ground zero as liquidity and cash flow become even more indispensable. 52% of AP teams plan to adopt or invest more in automation this year, seeing the opportunity to increase productivity, better manage cash flow and reduce risk, among other benefits.

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CPA Practice

DECEMBER 22, 2023

According to the Federal Trade Commission (FTC), the Consumer Sentinel Network received 2.4 Common examples include unauthorized withdrawals, transfer of funds to personal accounts, pocketing cash receipts, stealing petty cash and writing checks to fake vendors. million fraud reports in 2022.

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CPA Practice

SEPTEMBER 6, 2023

The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.” Elizabeth Warren (D-MA) and Rep.

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CPA Practice

JUNE 15, 2023

The IRS created an automated process to recalculate the child tax credit, including the amount of advance payments posted to a taxpayer’s tax account, according to TIGTA. The results of a TIGTA audit, which was released on June 14, found that: 6,833 taxpayers potentially received $10.5 This process uncovered 3.8

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CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires. from Robert Morris University.

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CPA Practice

NOVEMBER 20, 2023

(TNS) The new business tax account from the IRS , unveiled in late October, is expected to expand next year with a slate of new features that should make tax time a little smoother for entrepreneurs. That will be welcome, given that the business account is currently available only to solopreneurs, and it’s not particularly useful.

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Ryan Lazanis

SEPTEMBER 1, 2023

If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Each item in the list will contain a brief description and will focus on how you can level up your accounting automation.

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Lockstep

NOVEMBER 8, 2022

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables.

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CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

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CPA Practice

FEBRUARY 5, 2024

In her capacity, she effectively oversees revenues, manages cash flow, and directs credit operations. In the past year, Ashley was honored with the “Impact CPA” award by the MICPA in recognition of her substantial contributions to the accounting industry.

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CPA Practice

JULY 31, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

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Cherry Bekaert

JUNE 15, 2023

The Importance of Cloud-Based Accounting Software for Nonprofit Organizations Nonprofit organizations play a critical role in our world. One way to increase efficiency is to free up time in how the organization receives its funding. A fund management solution can alert nonprofits to who has paid and who still needs to pay.

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PYMNTS

DECEMBER 14, 2020

Amid market volatility, organizations are finding it imperative to accelerate their accounts receivables while extending accounts payables and still maintaining positive buyer-supplier relationships. The biggest barrier to cash flow management is putting together the data in a consumable way for executive teams," he said.

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CPA Practice

SEPTEMBER 27, 2023

For accounting firms, automation gathers scattered information and turns it into valuable insights. A new report from BILL shows how accounting firms are winning at automation. Of the nearly 1,200 accountants who were surveyed, more than two in five (43%) say they are already using accounting software with automation capabilities.

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Cherry Bekaert

FEBRUARY 26, 2024

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

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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. Understanding what each account is and how it functions is a must so that you can track your cash flow and know your current financial standing. Let’s dive in!

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Going Concern

APRIL 8, 2024

The Association of Chartered Certified Accountants (ACCA) recently published some results from a survey of more than 6,500 finance professionals , the bulk of them auditors, from 150 countries and while the entire thing is packed with fascinating (if predictable) results, two areas in particular are crying out to be highlighted.

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CPA Practice

APRIL 3, 2024

After applying for funding, businesses may receive a decision in as fast as 30 seconds. Faster access to funds: If approved, cash draws or invoice advances are typically deposited directly in the business’ bank account in one to two business days.

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