Going Concern

OCTOBER 20, 2023

Talent Deloitte UK plans to axe 150 graduate consulting jobs [ Financial Times ] Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an annual average of more than £1mn last year. Accounting enrollment for the past 10 years has been declining by 16.9% Welsh said.

CPA 107

CPA quickbooks Real Estate auditor 107

Going Concern

JANUARY 29, 2024

IT’S A GHOST OoooOOoooOOOoo Since it’s the end of the month, I’m going to share the five most-read articles of January for you to catch up on if you’re so inclined. SEC Sues Marcum Partner Who Thinks Reviewing the Engagement Team’s Work Is For Chumps 3. More on the New York non-CPA ownership bill.

auditor 52

auditor cpa firm Account accountant 52

Going Concern

MAY 6, 2024

Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. Borgers had clients ranging from American Rebel Holdings Inc., a BF Borgers client. We’re aware.

auditor 82

auditor audit Account accountant 82

Going Concern

JANUARY 12, 2024

The auditor in question was Deloitte, the behemoth Big Four accounting firm with annual revenue of $65 billion through a global network that stretches from Amsterdam to Zhengzhou. This setup can lead to auditors playing it safe, avoiding the hard-hitting questions that could upset a paying customer.

audit 104

audit auditor Illinois CPA 104

Going Concern

DECEMBER 8, 2023

Cool People The 2023 Top 100 Most influential People in Accounting [ Accounting Today ] As with every year, it is difficult to narrow the list to just 100, so AT focused on those who have been influential over the last six months and are projected to continue that influence over the next six.

cpas 109

cpas Account accountant accounted 109

CPA Practice

MARCH 1, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss Stanford Tax , which leverages AI to understand your clients’ prior year tax data, features broad integration options, and can import data from thousands of clients in under 10 minutes. And it came as a referral from one of my clients. SPEAKERS Brian F.

Technology 111

Technology Tax Account accountant 111

Going Concern

MAY 3, 2024

Their remarks come after PwC chief executive officer Kevin Burrowes told The Australian Financial Review last week that he wanted to move on from the tax leaks saga. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern.

institute of chartered accountants 102

institute of chartered accountants Technology cpas chartered accountant 102

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. Both the effort involved and the cost to the client have increased accordingly. Why Use 1Q Safe-Harbor Calculations Instead of Annualizing? That’s how you know you’re working with a real professional.)

Illinois 52

Illinois Tax tax preparation tax return 52

AdviceForTaxpreparers

JULY 29, 2019

by Bill Meador, CPA, JD. Accounting and CPA Puns. Short Accounting and CPA Jokes. Accounting & CPA puns. Short Accounting and CPA Jokes. Actual call to a CPA. Client: Hey! CPA: How much did you pay for the boat? Client: 80k. CPA : …… This ever happen to you?

tax preparation 212

tax preparation Account accountant accounted 212

CPA Practice

AUGUST 17, 2023

Over the last year, the hottest topic of discussion among accounting professionals has been about how artificial intelligence will shape professional firms. However, 92% of them believe that implementing AI will introduce moderate to high-risk concerns. For a profession as risk averse as accounting, what can we gather from this?

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MAY 4, 2023

The importance of setting a client scope agreement cannot be understated. For CPA firms, having clear expectations and boundaries with their clients can help avoid misunderstandings, scope creep, and other potential risks. How do you know you are lacking in client scope? How do you define a successful scope agreement?

cpa firm 59

cpa firm CPA cpas payroll 59

CPA Practice

SEPTEMBER 25, 2023

We asked about the changes she had seen and her key learning over those 100 years of life. These might include staffing, business development, smoothly operating IT, applications that work consistently to solve problems for your team & your clients, pricing, and fair compensation to partners and staff. Can you fix that now?

Gaming 119

Gaming Construction tax planning Technology 119

CPA Practice

MARCH 4, 2024

Taking on an advisory role will not only improve your year-round cash flow but will also help you better serve your clients. In fact, 83% of clients want a tax professional who also offers advisory services. Packaging is a great way to present these new services to clients in a familiar and appealing way.

tax planning 52

tax planning CPA Tax Construction 52

SkagitCountyTaxServices

MARCH 22, 2024

Maybe you started the year with a bang, but the grind has set in and it feels more like, well, a grind. And you’re still scrambling, just like last year. That may feel bleak, but it’s real for many of my clients. Business accounting is a year-round process. Which is why I like to get real about things. What’s next?

Start-ups 75

Start-ups CPA Account accountant 75

Shay CPA

DECEMBER 13, 2023

By Scott Rosenblum As we head into 2024, founders might be reviewing revenue goals, hiring, operational costs, taxes, and marketing spending. launching out of beta, major product development) New clients or user milestones achieved. Some may also be considering adding Public Relations to that spend to help build brand awareness.

Technology 95

Technology CPA New York Tax 95

CPA Practice

JANUARY 19, 2024

Final Thoughts and Predictions for 2024 The concept is CAS (Client Accounting Services). Or is it CAS (Client Advisory Services)? Or is it CAAS (Client Accounting and Advisory Services)? Jump to a section: 1. Defining CAS 5. Technology’s Role 2. How to Move a Firm Toward CAS 6. Where Technology Fits in CAS 3.

accounting firms 78

accounting firms Account accountant accounted 78

Going Concern

OCTOBER 16, 2023

Deloitte said Bergmans’ conclusion was based on intermediary results of an investigation into all learning activities of around 14,000 employees in the past five years, which will be finalised towards the end of the year. Now Deloitte is down a director too.

Account 72

Account accountant accounted Tax 72

Going Concern

OCTOBER 27, 2023

They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My His comment was a response to a question from Rep. Lisa McCalin, R-Calif., So we are making progress.” Maxwell Frost, D-Fla.,

CPA 92

CPA auditor accounting and finance audit 92

SkagitCountyTaxServices

NOVEMBER 29, 2023

Anyone else jump on all those great online Black Friday deals this year? It got to the point that the IRS declared a moratorium on new claims for the credit back in September and running through the end of the year. There were a bunch. Looks like quite a few retailers are charging for online returns now.

payroll 70

payroll Government CPA Tax 70

Going Concern

AUGUST 25, 2023

To better understand the landscape of the accounting industry – current and the anticipated future – I have been interviewing managing partners and industry insiders regularly for the past three years. Private equity has shaken up the accounting industry and raised several questions. She ended up beating both cancer and burnout.

tax preparation 96

tax preparation CPA payroll tax Illinois 96

Going Concern

MARCH 24, 2023

Reminder: you have until April 17 to weigh in on a proposal to extend the CPA exam window Practice Is it time for firms to transform their business model? CLA ranked number eight, marking the sixth consecutive year the firm has been recognized and ranked at that level. billion 401(k) plan advanced part of their proposed class action.

auditor 102

auditor audit Entertainment Real Estate 102

Going Concern

OCTOBER 11, 2022

note: the following is penned by Bob Jennings CPA, EA for his Taxspeaker.com newsletter. These businesses have their financial advisory needs served by hundreds of thousands of small firm accountants and CPAs nationwide. According to the SBA , small business generates about 44% of GDP in America and 2/3 of new jobs annually.

Education 93

Education Account accountant accounted 93

Going Concern

APRIL 14, 2023

Staffing Drama Signal Mountain Won’t Pay Accounting Firm For Extra Work On Audit [ Chattanoogan.com ] Clients are the worst The Signal Mountain Town Council has declined to pay an auditing firm extra money it said was due because of inadequate help from city employees in preparing the annual city audit.

Tax 104

Tax auditor audit accounting firms 104

ThomsonReuters

AUGUST 2, 2022

There is no question that manual processes bog down productivity. Collaborate in real-time with clients. By comparing a tax return with last year’s documents, tax technology detects inaccuracies before it’s too late to fix them. Increasing productivity with tax technology. Streamline the entire tax workflow.

Technology 98

Technology Tax Non-Profits tax preparation 98

Going Concern

AUGUST 4, 2023

Practice How one small firm drastically cut its busy-season hours [ Journal of Accountancy podcast ] Johanna Sweaney Salt, CPA, CGMA, used to work 100 hours a week during busy season. Today, Johanna remains a full-time partner at the firm, and her son, Dalton Sweaney, CPA, is now the managing partner.

cpa firm 97

cpa firm CPA accounting firms accounting and finance 97

Withum

JULY 6, 2023

Keep in mind that a professional’s stock in trade is their time, and their ability to apply their knowledge, skills and experience to their patients’ or clients’ specific situation at that time for that issue or problem. The client has a reason for wanting the meeting. Most every situation falls between these two extremes.

CPA 59

CPA Start-ups accounting and finance tax preparation 59

Going Concern

JUNE 23, 2023

Office Hours: CPA Firms Shift Toward More In-Person Collaboration and More Square Footage [ INSIDE Public Accounting ] Three years after accounting professionals were forced home by COVID and then back to the office, at least part of the time, firms are beginning to settle into a new normal.

cpa firm 104

cpa firm CPA auditor North Carolina 104

Nancy McClelland, LLC

JANUARY 16, 2024

” During the pandemic, we began requiring all clients to submit a copy of their IRS Account Transcript along with their Tax Organizer and other annual tax prep documentation. In the end, it saves the clients (and us) a load of potential headaches. At this point, most of our clients already have ID.me

tax return 52

tax return Tax Account accountant 52

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. You’re more than a number-cruncher or an annual form-filler; you’re a financial visionary capable of guiding your clients through the entire financial landscape.

tax planning 98

tax planning Tax Real Estate Education 98

Going Concern

SEPTEMBER 25, 2023

It’s a miracle we have so much going on this time of year. Rendon, the court of appeal reviewed the enforceability of the noncompete and nonsolicitation provisions in Anaheim-based accounting firm Frazer, LLP’s partnership agreement. Frazer served clients throughout California and elsewhere. In Frazer, LLP v.

Account 64

Account accountant accounted audit 64

Xero

JUNE 6, 2022

Now that many firms have embraced the cloud and are reaping the benefits, topics like carbon emissions, waste and water management, and electric vehicles are now woven into conversations with colleagues and clients. Who do small businesses go to when they have questions? In many instances it is their advisor.

bookkeeping 95

bookkeeping Account accountant accounted 95

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Both Mendlowitz and his father, also a CPA, attended the CUNY school.

audit 95

audit accounting and finance Virginia auditor 95

Going Concern

NOVEMBER 20, 2023

About 80% of respondents to the study indicated their work stress is impacted by accounting cycles or the time of year The Republic of Macon, Georgia celebrates two new CPAs , we love that these notices are still a thing at small papers around the country. Congrats to both! At least someone is.

Account 83

Account accountant accounted audit 83

Going Concern

NOVEMBER 10, 2023

Big 4 People over profits: ‘Don’t promote leaders unable to manage, develop staff’ [ Australian Financial Review ] The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm.

audit 110

audit accounting and finance auditor Mississippi 110

ThomsonReuters

APRIL 18, 2023

To better help clients navigate payroll, it is important that accounting professionals understand some of the most common payroll mistakes and how to avoid errors before they arise. Misclassifying employees Businesses need to properly classify workers (i.e., The FLSA requires that employers keep records for at least three years.

payroll 107

payroll payroll tax Tax audit 107

Going Concern

FEBRUARY 12, 2024

The firm’s borrowing soared to $983mn at June 30, 2023, up from $269mn a year earlier, as it expanded an existing floating rate credit facility and took out a second. The extra debt is designed to smooth the costs of Project Everest across more than one financial year. We get calls all the time saying, ‘Hey, my CPA just retired.

auditor 72

auditor Account accountant accounted 72

Anders CPA

DECEMBER 16, 2022

Keep in mind that some documents will take time to put together or only be available at a certain point in the year when working with your auditor on the schedule. If they answer yes, but you’re uncertain about their qualifications, ask some questions to help you understand their experience level.

audit 52

audit CPA auditor Start-ups 52