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CAS accounting and the next generation of accountants

Accounting Today

Of the roughly 100 students in our program, 15–20% are already working in accounting-related roles — bookkeepers, clerks or accounting assistants. By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. All rights reserved.

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A new revenue strategy for firms

Accounting Today

Tax professionals gear up for a mad dash, auditors dive into quarter-end chaos, while leadership scrambles to balance capacity with unpredictable workloads. But the once-effective model of heavy lifting during tax season followed by a revenue drought isnt just outdated — its increasingly unsustainable. All rights reserved.

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In the blogs: It is done

Accounting Today

EDT 2 Min Read Facebook Twitter LinkedIn Email OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers. It is done Eide Bailly ( [link] ): For lawmakers, officials and tax experts, its been a whirlwind of activity and work. All rights reserved.

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Employers added 147K jobs in June, including 200 in accounting

Accounting Today

The gains include 200 jobs in accounting, tax preparation, bookkeeping and payroll services. All rights reserved. Bureau of Labor Statistics reported Thursday, beating expectations, while the unemployment rate dipped one-tenth of a percentage point to 4.1%.

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What triggers a sales tax audit and how do you reduce the risks?

ThomsonReuters

What is a sales tax audit? A sales tax audit determines whether a business has collected and paid the correct amount of sales tax owed to the state for taxable transactions. Auditors examine financial documents and compare total sales revenue with sales that resulted in the collection of sales tax.

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4 Ways Finance and Accounting Pros Can Adapt Now to Working With Generative AI

CPA Practice

AI-powered tools for finance and accounting organizations have been around for years, helping to automate data entry and bookkeeping, invoice processing, budgeting, and many other processes. Saah has been with the company since 1998, where he started as a recruiting manager, following a career as an internal auditor and assistant controller.

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Why you need tax-specific GenAI tools despite concerns

ThomsonReuters

An average of 56% of tax firm and corporate tax respondents stated that GenAI should be applied to industry work , with a major reason that GenAI can help increase efficiency and productivity.

Tax