Going Concern
AUGUST 7, 2024
Comment on “ How are layoffs decisions really made? ” via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked up by the generative AI models feasting off Reddit data and repeated as if it is fact like the 11-year-old comment by a user named fucksmith that said to put glue in pizza sauce to make the cheese stick. * Not actual advice.
Accounting Today
AUGUST 7, 2024
It's critical that business owners comply with their state's rules, or they could face fines and other penalties.
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CPA Practice
AUGUST 7, 2024
The Internal Revenue Service and the Security Summit partners are reminding tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement. All tax professionals are now required under the Federal Trade Commission’s safeguards rule to use multi-factor authentication, or MFA, to protect clients’ sensitive information.
Accounting Today
AUGUST 7, 2024
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
CPA Practice
AUGUST 7, 2024
Deloitte’s newly released study, “ Leadership, governance and workforce decision-making about ethical AI ,” found C-level leaders are implementing strategic governance around AI to ensure the ethical use and development of this technology, and most (89%) believe these ethical governance structures will support their organization’s ability to innovate on technology.
Going Concern
AUGUST 7, 2024
We’re a bit behind combing through the National Pipeline Advisory Group (NPAG) Accounting Talent Strategy Report released a couple days ago (it’s almost 100 pages, that’s a lot of reading for the burnouts on our staff) so while we continue to do that with the finest of fine-toothed combs, check out this chart from page 59: Immediately following this chart the report says: If 2022 starting salaries were the primary determinant for business students choosing a major, accounting w
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
AUGUST 7, 2024
Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.
CPA Practice
AUGUST 7, 2024
Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in corn and soybean prices from mid-June to mid-July — Eastern Corn Belt cash prices fell 11% and 5%, respectively — farmer sentiment improved in July.
Insightful Accountant
AUGUST 7, 2024
Current IRS focus areas include renewable energy tax credits, corporate stock repurchase taxes, and cryptocurrency transactions. But, with the upcoming election, accountants and tax professionals are anticipating more widespread regulatory changes.
CPA Practice
AUGUST 7, 2024
Americans are planning to take longer stretches of time off this summer, according to Allianz Partners USA ‘s 16 th Annual Vacation Confidence Index. New research indicates that travel remains a strong priority based on an increase in both average trip length and average spend on room nights, with staggering splurge statistics reported for three-night getaways.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Xero
AUGUST 7, 2024
We’re officially on the countdown for Xerocon Nashville at Music City Center over August 14 and 15. And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. No matter what business needs or challenges you’re looking to solve, you’ll have over 50 exhibitors to meet and talk to, and many apps from the Xero App Store to try out for yourself.
SkagitCountyTaxServices
AUGUST 7, 2024
One of the best things about this summer has been watching the Paris Olympics. When an American athlete pulls out a win, it feels like a win for all of us. Case in point: Noah Lyles taking the gold in the men’s 100m dash. That’s an event where Americans haven’t seen a gold medal in over 20 years. But, also, seeing St. Lucia and Dominica win their first ever medals elicits all the feels too.
GrowthForceBlog
AUGUST 7, 2024
8 min read August 7th, 2024 When thinking about the back office and how it serves a business, most business owners think about compliance, audits, and taxes. Key Takeaways What Is Management Accounting: Management accounting processes collect your business's financial data (and other data) to generate management reports, track key metrics, inform decisions, and.
Accounting Today
AUGUST 7, 2024
Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Insightful Accountant
AUGUST 7, 2024
One of the mid-year enhancements to QB Enterprise is the Inventory Turnover Report, which we told you in our 2024 QuickBooks Summary, was planned for late release.
Accounting Today
AUGUST 7, 2024
Through Tipalti's plaform, Top 100 Firm CohnReznick will helps its clients improve efficiency of global payables processes.
ThomsonReuters
AUGUST 7, 2024
Today’s tax and accounting firms stand on the brink of a transformative era, driven by the rapid integration of Artificial Intelligence (AI). The “ Future of Professionals Report 2024 ” by Thomson Reuters offers a comprehensive look into how firms within this sector perceive the future of their industry, particularly in relation to AI.
Accounting Today
AUGUST 7, 2024
China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Canopy Accounting
AUGUST 7, 2024
Glenn Harper and Julie Smith share their journey in transforming a traditional CPA firm into a modern, advisory-focused business. They discuss the importance of process optimization, leveraging technology, and establishing clear client profiles. Glenn and Julie share their experiences and insights on improving operational efficiency and empowering other firms through their consulting venture, Empower CPA.
Accounting Today
AUGUST 7, 2024
While large companies can afford not to currently expense research and development costs, but many small companies can't, say experts.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
Accounting Today
AUGUST 7, 2024
AI is your friend; hope from Moore; the risks; and other highlights from our favorite tax bloggers.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
Accounting Today
AUGUST 7, 2024
IRIS and AccountsIQ announced a new partnership to provide an integrated suite of cloud-based payroll and HR solutions.
CPA Practice
AUGUST 7, 2024
This webinar will be held on Tuesday, September 10, 2024 at 3:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now As online communication and storage become the new norm for the tax preparation industry, data thieves have taken advantage of more opportunities to steal sensitive taxpayer information. Tax preparers can take steps to protect themselves and their clients by understanding and establishing a clear, strategic data protection plan for their businesses.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Insightful Accountant
AUGUST 7, 2024
With over 80 countries implementing e-invoicing mandates, Vertex, a provider of tax technology solutions, has announced the acquisition of ecosio, a B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
Ryan Lazanis
AUGUST 7, 2024
I’ve built remote teams for over a decade. If you want to hire offshore team members, make sure you avoid these 7 big misconceptions. The post 7 Big Misconceptions Firms Have About Overseas Offshoring appeared first on Future Firm.
CPA Practice
AUGUST 7, 2024
Vince Golle Bloomberg News (TNS) U.S. 30-year mortgage rates plunged last week by the most in two years, reaching their lowest level since May 2023 and sparking a surge in refinancing applications. The contract rate on a 30-year fixed mortgage declined 27 basis points to 6.55% in the week ended Aug. 2, according to Mortgage Bankers Association data released Wednesday.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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