AccountingDepartment
AUGUST 22, 2023
In the pursuit of business growth and expansion, establishing a strong and effective financial management system becomes imperative. This encompasses precise record-keeping, timely reporting, and adherence to regulatory obligations. To effectively navigate growth and focus on core business activities, many organizations are turning to outsourced client accounting services.
TaxConnex
AUGUST 22, 2023
Construction contractors have a tough job these days, given labor shortages, supply-chain headaches and mushrooming regulation. If you’re in this industry, the last thing you need added to your load is sales tax. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. But sales tax has to be your concern if you engage in contracts in different states.
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Xero
AUGUST 22, 2023
Today marks day one of Xerocon Sydney and I’m so excited to share more details on a global initiative called the Xero Beautiful Business Fund. Last month on Xero Day, the anniversary of the day where it all started for us 17 years ago, we announced the Xero Beautiful Business Fund as a way to help our small business customers boost their growth plans and drive future success.
Accounting Today
AUGUST 22, 2023
Jobs are adversely affecting the wellbeing of many accounting professionals.
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.
Xero
AUGUST 22, 2023
The hype around artificial intelligence (AI) is making small businesses feel that its development and adoption is moving at lightning speed. In fact, our new research shows that 80% of small business owners globally are concerned that the fast pace and nature of AI is leaving regulation in the dust. They told us they want governments to do more, given the potential big impact to industries and the workforce.
ThomsonReuters
AUGUST 22, 2023
Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Xero
AUGUST 22, 2023
We’ve just wrapped up day one of Xerocon, and it didn’t disappoint! The vibe and atmosphere in Sydney has been fantastic. Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero.
Accounting Today
AUGUST 22, 2023
New cybersecurity disclosure rules will encourage companies to formalize and standardize their IT security practices — and their accountants will help.
CPA Practice
AUGUST 22, 2023
The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has approved Malta and Somalia as new affiliates to its global federation, further extending The IIA’s extensive international reach. The addition of these two new affiliates expands awareness of the internal audit profession in the regions and provides forums for discussing emerging topics and challenges faced by practitioners
Accounting Today
AUGUST 22, 2023
Nearly half of respondents plan to change jobs in the next year, and 71% intend to move on within two years.
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.
Going Concern
AUGUST 22, 2023
Why is it every time mainstream media writes about accountants they just have to drag the stereotypes into it? Across the pond publication Evening Standard didn’t even try to hide it when writing up World Athletics Championships 100m badass Eugene Amo-Dadzie, ‘boring’ appears in the lede. It’s still a charming story. Everyone, meet the world’s fastest accountant.
Accounting Today
AUGUST 22, 2023
For CFOs with passion for the industry and who are willing to buckle up for the long haul, the cannabis niche has plenty of potential.
CPA Practice
AUGUST 22, 2023
By Andrew Antos. According to a UBS Study, ChatGPT reached 100 million monthly active users two months after its launch in January, making it the fastest-growing consumer application in history. Businesses are still working through how to make this record-breaking consumer application relevant and lucrative for the enterprise and for industries such as accounting, heavy with administrative-filled, repetitive, number crunching processes, ChatGPT is turning out to be a game changer.
Accounting Today
AUGUST 22, 2023
Only 17% of executives now anticipate a recession, according to a survey released Tuesday by PricewaterhouseCoopers, and 74% believe they can attract and retain the talent they need.
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.
Xero
AUGUST 22, 2023
Wow! What an exciting first Xerocon as CEO. Day one was full of so many inspiring moments. Of course, the best part was talking directly to our accounting and bookkeeping community about the critical role they play in the lives of small businesses. Being on the big stage to discuss the importance of Xero’s purpose and partnerships was not only a highlight, but also a privilege – as was seeing the rest of the day unfold.
Accounting Today
AUGUST 22, 2023
You got your taxes filed by the skin of your teeth last year and before. But what if you're audited? What if you need a loan? Are you ready?
CPA Practice
AUGUST 22, 2023
A survey of more than 1,200 individuals working internationally shares the predicted impact that generative AI will have on the future of professional work. The survey showed 67% of respondents believe AI will have a transformational or high impact on their profession in the next five years. The survey, the Future of Professionals Report , was commissioned by Thomson Reuters , a global content and technology company.
inDinero Tax Tips
AUGUST 22, 2023
Is business rent tax deductible? Yes, business rent is tax deductible under qualifying circumstances. That’s a good thing too, since rent is often among an organization’s largest overhead expenses. As part of our ultimate guide to business expenses and tax deductions , this article will run through different types of rental tax deductions, who qualifies, what to avoid, and ultimately how to claim the deduction.
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.
Going Concern
AUGUST 22, 2023
I was going to say can we please get some better AI stock photos that aren’t totally corny but this one has a guy with a hilarious job-stopping tattoo so it’s not all bad. So IBM put two different studies together — one with 3,000 global C-suite leaders across 28 countries, another with 21,000 workers across 22 countries — and one thing they’ve learned is executives estimate that 40% of their workforce will need to reskill as a result of implementing AI and automati
Cherry Bekaert
AUGUST 22, 2023
New IRS General Legal Advice Memorandum The Internal Revenue Services (IRS) released a general legal advice memorandum (GLAM) that lists additional guidance on whether supply chain disruptions can create a partial suspension of operations on employers for purposes of the Employee Retention Credit (ERC). The IRS has been dealing with fraudulent and misguided applications surrounding a partial suspension of operations, including those caused by supply chain disruptions.
Going Concern
AUGUST 22, 2023
Ed. note: The following is a guest post from Dominic Piscopo, you may know him better as the guy who built Big4transparency.com. Like many of you, we’re a huge fan of his work. For the few people who don’t know who he is or what his site does, read on. Stay tuned for future insight from Dom on these pages and you can contact him here. Look, we all know that public accounting salaries always have been and probably always will be a major point of contention.
CPA Practice
AUGUST 22, 2023
The Illinois CPA Society (ICPAS)—one of the largest state associations serving the certified public accountant (CPA) community—is proud to share that its latest Insight Special Feature, “ A CPA Diversity Report: Uncovering the Barriers to Success ,” has been recognized with three distinguished publications competition awards this summer. The in-depth study and report on the state of diversity, equity, and inclusion (DEI) in the CPA profession was released in late 2022, in which it shares telling
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.
Accounting Today
AUGUST 22, 2023
That's an improvement over the first quarter, where they lost twice as many as they won.
CPA Practice
AUGUST 22, 2023
The Internal Revenue Service is reminding large trucks and bus operators with a taxable gross weight of 55,000 pounds or more to e-file Form 2290, Heavy Highway Vehicle Use Tax Return (PDF), by the Aug. 31, 2023, payment deadline for vehicles first used in July 2023. The heavy highway vehicle use tax is an annual federal excise tax on heavy highway motor vehicles operating on public highways.
Cherry Bekaert
AUGUST 22, 2023
The August issue of the Regulatory Compliance Digest (the Digest) features a summary of the latest updates from the regulators on Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), as well as an important alert on Unfair, Deception and Abusive Acts and Practices (UDAAP) and a reminder to file the Office of Foreign Assets Control (OFAC)’s annual report on blocked property by September 30 th.
CPA Practice
AUGUST 22, 2023
By David Osborne. A global accounting industry survey of more than 6,000 accountants and auditors conducted earlier this year revealed the No. 1 challenge respondents currently face is attracting and retaining skilled talent. Like most sectors, the accounting industry is feeling the effects of the shift in the labor market as workers quit their jobs in search of better roles and greater job satisfaction.
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.
Accounting Today
AUGUST 22, 2023
Most accountants and financial professionals think AI will make their individual skills even more highly valued, but many feel it will be the doom of their profession.
Insightful Accountant
AUGUST 22, 2023
According to the newly released Thomson Reuters 'Future of Professionals Report,' AI will have a 'transformational impact' on Professionals' work by 2028.
CPA Practice
AUGUST 22, 2023
Top 20 accounting firm Eide Bailly said on Tuesday that it will be merging in Bessolo Haworth, a full-service accounting and financial services firm with offices in the Los Angeles, San Francisco, and Seattle areas, on Oct. 23. Once finalized, the merger will bring five partners and 20 staff into Eide Bailly and extend the firm’s footprint in California and the Greater Seattle area.
Insightful Accountant
AUGUST 22, 2023
Intuit will unveil how it is harnessing the power of generative AI at a special virtual event on Sept. 6, 2023.
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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