xendoo

MAY 16, 2023

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. What happens if you get audited and don’t have receipts to back your expenses?

audit 52

audit bookkeeping tax return cpas 52

xendoo

MAY 16, 2023

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. What happens if you get audited and don’t have receipts to back your expenses?

audit 52

audit bookkeeping tax return cpas 52

CPA Practice

MAY 11, 2023

Accounting firms have faced a volatile profession in the past year as teams struggled with burnout while staff shortages increased, regulatory changes caught firms off guard – increasing compliance and security concerns – and tax laws became increasingly more confusing for clients and CPAs alike.

Account 119

Account accountant accounted payroll 119

Going Concern

SEPTEMBER 29, 2023

Maginnis recalls early in his career when Newt Becker, founder of the Becker CPA exam prep courses, told him that every year spent in public accounting is the equivalent of two years in private industry. Blake Oliver, CPA , is the founder and CEO of Earmark and co-host of The Accounting Podcast , the No.1 I’d love to hear more.

accounting careers 125

accounting careers Account accountant accounted 125

Withum

NOVEMBER 3, 2022

For over 15 years, Sherry faithfully served the small labor union as their beloved bookkeeper. At the same time, at the advice of its consultant, management also changed the firm’s auditor. In past years, the annual audit was performed by a CPA who was an income tax practitioner.

Employee Expense Reimbursement 52

Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

Going Concern

JANUARY 26, 2024

How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. This allows auditors to shift attention to more complex and strategic work, like interpreting results and offering experience-based insights to clients.

Account 116

Account accountant accounted audit 116

Ryan Lazanis

AUGUST 2, 2023

Here are some examples: Smith Bookkeeping Solutions Brown Financial Consulting Jordan and Johnson Accounting & Tax Services Patel & Associates Certified Public Accountants Etc. Pulchritudinous Accounting Solutions Sempiternal Chronovex Advisors Wyldfyre Bookkeeping Savants Novus Futureal Tax Experts Etc.

accounting firms 52

accounting firms Account accountant accounted 52

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. Audit Sight – The company’s platform eliminates manual work for auditors, diligence and private equity providers by automating financial transaction verification.

E-commerce 52

E-commerce Technology Texas cpa firm 52

Going Concern

JANUARY 5, 2024

CPA Tom Janney Announces Retirement [ WJLE ] Local stories like these are so cute. Longtime local CPA Tom Janney has announced his retirement from the tax and accounting side of Janney & Associates, CPAs, PC, a business he started in 1992 but sold to another firm fourteen months ago. Happy trails, Tom!

tax return 106

tax return Virginia accounting and finance audit 106

Ryan Lazanis

APRIL 18, 2023

Here’s chatCPA , a bot trained by CPAs that you can chat with for only $6/month: That being said: Advanced technologies like AI can assist and improve the work of accountants, but they cannot entirely replace them because of their inability to perform essential human skills such as judgment, communication, and critical thinking.

Account 96

Account accountant accounted Technology 96

ThomsonReuters

JANUARY 18, 2024

Working with external auditors. Ensuring the accuracy of bookkeeping and that the bookkeeping is compliant with state and federal laws. Furthermore, because CPAs have a responsibility to the users of the client ’ s financial statements, clients expect CPAs to uphold the profession ’ s rules on independence.

Account 59

Account accountant accounted tax preparation 59

Going Concern

SEPTEMBER 15, 2023

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Nelson & Nelson CPAs is the oldest existing accounting firm established in South Dakota.

audit 104

audit Colorado CPA Texas 104

Going Concern

MARCH 4, 2022

Meanwhile on Twitter, our friend Sam Antar is still roasting the KPMG auditors (well, technically Peat Marwick) who let the Crazy Eddie fraud slip through their horny little fingers: Two hookers and an auditor. Bureau of Labor Statistics reported Friday, although the number of accounting and bookkeeping jobs declined by 800.

audit 69

audit Kansas auditor bookkeeping jobs 69

Going Concern

JANUARY 6, 2023

Bureau of Labor Statistics reported Friday, but employment in accounting and bookkeeping services fell by 1,100 jobs. Money Diary: A Senior External Auditor On 54k [ Refinery29 ]. “I’m 27 years old and currently working as a senior external auditor at an accounting firm in London. GAAP, and labor market uncertainty.

cpa firm 52

cpa firm CPA New Hampshire Ohio 52

Snyder

MARCH 6, 2023

The accountant’s role has long transformed from mere bookkeeping to encompassing more duties and responsibilities: from financial reporting and analyzing business performance to helping with taxation (and many more). Apparently, the software could automate a substantial part of the bookkeeper’s and accountant’s work.

forensic accounting 52

forensic accounting Account accountant accounted 52

Going Concern

JULY 28, 2023

The combination of too few professionals and high demand is pushing firm leaders to merge up, outsource tax work and hire non-CPAs, among other strategies. The IRS has trained auditors examining the claims that pose the greatest risk of fraud, and the IRS Criminal Investigation division is identifying promoters of fraudulent claims, he said.

Gambling 87

Gambling audit Technology accounting firms 87

Going Concern

JANUARY 13, 2023

The Abradin association said it was denouncing Americanas for what it called a “multi-billion fraud,” while also asking regulator CVM to investigate the retailer’s auditor, PwC. Bookkeeper May Have Embezzled Hundreds of Thousands of Dollars from Humboldt County Fair Association, GM Says [ Lost Coast Outpost ].

audit 101

audit Account accountant accounted 101

Going Concern

APRIL 1, 2024

Related to this I suppose, Alaska Public Media did a story on the city of Anchorage having some municipal audit problems : A long overdue financial audit of Anchorage’s bookkeeping may keep the city from getting tens of millions of dollars in grant money. Let’s be clear, this issue isn’t limited to Anchorage.

Account 103

Account accountant accounted audit 103

CPA Practice

JULY 27, 2023

Auditors need to thoroughly examine a client’s financial records and operations to ensure accuracy and compliance with laws and regulations. Continuing Professional Education (CPE) : CPAs are required to complete a certain amount of continuing professional education hours per year to maintain their license.

Technology 98

Technology audit Education accounting and finance 98

Going Concern

MARCH 17, 2023

“A proposal like this could allow for the reinstatement of credit for more than 15,000 CPA candidates and re-open the door for those candidates to complete their journeys to becoming licensed CPAs. Debunking common myths about auditors, auditing [ The Journal Record ] The people of Oklahoma get a lesson on what audit is.

Government 82

Government Gambling audit CPA 82

CPA Practice

OCTOBER 12, 2023

Now, it turns out this document linker product as some key things that they think are a big deal, they believe that will help Junior auditors save time, they think it will help with the workflow by matching text from scanned images. And then back to the CPAs. I can’t even count how many times I’ve watched that cycle.

Technology 111

Technology quickbooks accounting and finance Legal 111