CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

Tax 105

Tax tax preparation managerial accounting bookkeeping 105

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

ThomsonReuters

AUGUST 2, 2022

The mass exodus of employees from the workforce—known as The Great Resignation—is impacting the accounting profession and leaving firm managers scrambling to find quality staff. Increasing productivity with tax technology. So, how can tax technology boost the agility of your firm? Streamline the entire tax workflow.

Technology 98

Technology Tax Non-Profits tax preparation 98

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. Meanwhile, generative AI is fast becoming a go-to tool for teams responsible for creating financial reports, tax documentation and more.

Technology 52

Technology CPA cpa firm accounting and finance 52

Withum

JANUARY 24, 2023

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. What is the required due date for the financial statement deliverable?

audit 69

audit auditor general ledger cpa firm 69

Withum

MAY 9, 2024

In its simplest form, auditors provide an opinion on an organization’s financial statements. Most people who receive a financial statement look first to see what the auditor’s report and opinion say. That report is about two pages and, in some respect, is the only part of the financial statement that the auditor prepared.

auditor 59

auditor audit financial statements forensic accounting 59

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

MARCH 15, 2023

Audit firms cannot be owned and operated by non-CPAs, therefore firms that accept majority outside investment, or are hoping to attract it in the future, generally must organize their audit/attest practice independently from their tax/advisory/consulting side, allowing for PE investment in the latter.

accounting firms 132

accounting firms Account accountant accounted 132

Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 The Big Four firms targeted a portion of their millions in Capitol Hill spending last year on a pivotal problem facing the industry: shoring up a dwindling supply of qualified accountants. Tax Betting on the Super Bowl?

Technology 101

Technology Colorado audit cpa firm 101

Going Concern

FEBRUARY 27, 2023

In an article titled “Interactive Auditor-Client Negotiations: The Effects of the Accumulating Nature and Direction of Audit Differences” a team of researchers further examined what happens during these discussions and how the negotiations can affect the magnitude of audit adjustments made to financial statements.

Technology 104

Technology Account accountant accounted 104

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. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 64

New Hampshire audit accounting and finance Non-Profits 64

ThomsonReuters

DECEMBER 20, 2021

Now that tax season is approaching, you may find yourself contemplating the upcoming season and whether you’d be happier as the owner of your own accounting firm. From tax software geared toward small firms to curated news and insights for firm owners, the barriers to starting your own CPA firm have never been lower.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

DECEMBER 5, 2022

For tax and accounting professionals, time is a precious commodity. By removing manual, time-consuming compliance tasks from workloads, tax and accounting professionals can reclaim those hours and use them for greater value activities such as advisory services. . How can automation help your firm achieve more? .

Technology 59

Technology Tax financial statements cpa firm 59

Basis 365

MARCH 30, 2023

Many business owners didn't even know this existed and were comparing our pricing against bookkeepers or CPA firms and needing to understand why there were such extremes. CPA firm : CPAs are generally going to be the most expensive option. It's hard to budget or utilize trend analysis without accrual financials.

accrual accounting 52

accrual accounting Account accountant accounted 52

CPA Practice

FEBRUARY 1, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., Hailey Adams , Tax Manager, has been in public accounting for over 9 years, primarily focusing on tax-exempt organizations.

New Hampshire 52

New Hampshire audit accounting and finance Non-Profits 52

Going Concern

MAY 26, 2023

Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025. The reshuffle goes into effect on July 1. ‘No

public accounting 102

public accounting Account accountant accounted 102

Going Concern

SEPTEMBER 29, 2023

Big 4 ‘Shadow’ culture at consulting giant PwC led to tax-leaks scandal: Ziggy Switkowski [ News.com.au ] Consulting giant PwC has been savaged in an independent review that exposed the firm’s “shadow” culture contributing to its infamous tax leaks scandal. And CPAs in this space know what that means in terms of legal exposure.

auditor 109

auditor audit New York CPA 109

Withum

MAY 5, 2022

The New Jersey Economic Development Authority (“NJEDA”) announced on May 3, that applications are now open through June 30, for the 2022 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss (NOL) Program.

New Jersey 73

New Jersey income tax cpa firm CPA 73

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . The purpose of conducting an audit is to obtain an independent opinion about a company’s financial statements. Financial statements (i.e., Why do accountants get into auditing?

audit 59

audit auditor Account accountant 59

Going Concern

MAY 13, 2024

’s top accountant is confronting a competitive job market by rethinking the company’s traditional reliance on large CPA firms as a training ground for new hires, taking her recruiting pitch on-campus instead. Previously, Calvert served as Managing Partner for Markets and Accounts, as well as Managing Partner for the Tax practice.

Oregon 94

Oregon Account accountant accounted 94

RitaKeller

AUGUST 12, 2021

In many small to mid-size firms (headcount 50 or under), the firm administrator (practice manager is now the preferred title), is also the marketing person, the HR person, and the billing person. Does it make financial sense?

cpa firm 49

cpa firm tax return CPA financial statements 49

Ryan Lazanis

SEPTEMBER 27, 2023

If you’re a CPA firm looking to outsource your bookkeeping, you’ll want to check out this post on the 7 different options for outsourced bookkeeping for CPAs. In this article, I’ll run through some of the more modern options that might make the most sense for your firm at the moment.

bookkeeping 98

bookkeeping cpas quickbooks bookkeeping services 98

Going Concern

JULY 1, 2022

Hunzicker recommends approaching the cannabis niche with a broad knowledge base, including a full understanding of “cannabis science, medicinal uses, software tools, and business operations, then layer in accounting — GAAP, cost accounting, the tax codes and the court cases.”

cpas 70

cpas CPA Legal cpa firm 70

KROST

APRIL 12, 2022

After many years of public comment on the challenges of presenting GAAP financial statements for small businesses, the AICPA issued the Financial Reporting Framework for Small and Medium-Sized Entities. If the cost of your financial statements is greater than the benefits gained.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52

Going Concern

APRIL 7, 2023

PwC offers cutting edge AI technology with ContractPodAi [ ERP Today Magazine ] PwC has entered into an alliance with ContractPodAi, allowing the firm to offer a cutting edge AI-powered legal contract management platform. ’s accounts drew scrutiny from regulators, the firm’s plan to secure a U.K.

auditor 104

auditor chartered accountant audit accounting and finance 104

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. 31 is still not finished.

cpa firm 104

cpa firm CPA auditor North Carolina 104

Going Concern

NOVEMBER 11, 2022

The auditors said changes to internal controls over financial reporting (ICFR) — not related to the transition to a hybrid working environment — were the main driver. India Launches Audit Inspections After Spate Of Scandals [ Bloomberg Tax ]. The mid-sized firm lists 24 operating locations on its web site, including the “metaverse.”

audit 98

audit auditor Louisiana cpas 98

Going Concern

JULY 24, 2023

The probe was set up after the PwC tax leak scandal in which a partner marketed confidential information about government tax plans to clients. Sahyoun, for entire term as Board of Taxation CEO, was simultaneously a current senior employee and tax partner of PwC Australia. In 2018, we switched accounting firms.

Account 52

Account accountant accounted Hawaii 52

ThomsonReuters

MARCH 16, 2023

These types of audits include, but are not limited to, the following: Financial audit: A financial audit , which is required for all public entities, is the most common type of audit. It is conducted by a CPA firm, which is independent of the company under review.

Technology 59

Technology audit auditor Maine 59

Cherry Bekaert

FEBRUARY 2, 2024

With increasing investments into CPA firms, private equity is now transforming the industry at an unprecedented pace.” — Sidney Glick, Partner | Deal Advisory Services The accounting industry, for example, is undergoing a sea change in terms of private investments.

accounting and finance 83

accounting and finance California cpa firm CPA 83

Anders CPA

JANUARY 8, 2024

Smaller firms with under five partners will have a bookkeeper who knows QuickBooks or some other accounting software or look for support from a dedicated law firm bookkeeping service; they might also be getting some dedicated help with tax planning already. Week 4 allows for attention to special projects.

Account 52

Account accountant accounted Non-Profits 52

Anders CPA

JANUARY 8, 2024

Smaller firms with under five partners will have a bookkeeper who knows QuickBooks or some other accounting software or look for support from a dedicated law firm bookkeeping service; they might also be getting some dedicated help with tax planning already. Week 4 allows for attention to special projects.

Account 52

Account accountant accounted Non-Profits 52

Ryan Lazanis

JULY 13, 2022

to keep your accounting firm safe and secure. Different cybersecurity threats you need to be aware of that your CPA firm may encounter. Helpful security tips to protect and secure your accounting firms’ data from cybersecurity threats. Key Takeaways. Let’s dive right in. Table of Contents.

Account 98

Account accountant accounted accounting firms 98

CPA Practice

APRIL 20, 2023

It must feel good to have another tax season in the record books. We believe the significant CPA firm publishers will extend the tools you routinely use with AI capabilities in 2023 and beyond. As artificial intelligence (AI) continues to advance, CPA firms must stay informed about the latest trends and developments.

Technology 124

Technology cpa firm CPA quickbooks 124

Snyder

AUGUST 12, 2022

Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. An accountant will analyze this data, do reporting, give you financial advice, and offer you tax processing services. Bookkeepers provide an essential insight into the financials of the company.

bookkeeping 98

bookkeeping Account accountant accounted 98

Going Concern

MARCH 1, 2024

This was even though the former PwC partner told the professional body he was “subject to an investigation” by the tax agents’ regulator. The regulator, which compiles its findings with a lag, inspected 215 audits conducted by the Big Four accounting firms in the U.S. Regulator Says [ Wall Street Journal ] Several U.S.

audit 109

audit Nebraska auditor chartered accountant 109