CPA Practice

OCTOBER 11, 2023

Public accounting starting salaries for 2024 are expected to range between 7% and 38% higher than the national averages in eight of the top 10 cities in the U.S. with the highest cost of living. Last week, specialized staffing firm Robert Half released its 2024 Salary Guide , and an analysis of the pay data by CPA Practice Advisor revealed a 3.6% average increase in starting salaries for tax roles in public accounting next year and a 3.8% average increase in starting salaries for positions in au

public accounting

Accounting Today

OCTOBER 11, 2023

A University of Denver professors suggests replacing the 150-hour rule with a four-year degree and two years of work experience.

cpas

CPA Practice

OCTOBER 11, 2023

Public accounting firms in the United States reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services, according to a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants. The 1,117 firms participating in the survey reported a fiscal year 2022 median growth rate of 9.1% in net revenue over the previous year, according to the 2023 National Management of an Accounting Practice (MAP) Surve

accounting firms

Accounting Today

OCTOBER 11, 2023

The median growth rate hit 9.1% in net revenue in fiscal year 2022, according to a new survey, over double the 4.2% growth rate of fiscal year 2020.

cpa firm

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accounting and finance

CPA Practice

OCTOBER 11, 2023

Many areas of the economy have rebounded or thrived since the pandemic ebbed, but amid inflation and high interest rates, small businesses are increasingly turning to credit cards for operational and growth expenses. That’s according to a new report from Intuit , the makers of small business and individual tax and finance tools, in conjunction with leading global economist Professor Ufuk Akcigit and his co-authors at the University of Chicago.

quickbooks

Accounting Today

OCTOBER 11, 2023

Nearly half the directors on corporate boards would like to see one of the other members replaced, but few changes are happening, according to a new survey.

Government

Accounting Today

OCTOBER 11, 2023

A group of lawmakers is pushing tax officials to move up the start date for crypto brokerages and exchanges to report on clients' transactions.

Tax

Insightful Accountant

OCTOBER 11, 2023

Murph has once again compiled a synopsis of some of the key pieces of 'Business News' impacting both our US and international readership.

CPA Practice

OCTOBER 11, 2023

A Top Technology Initiative Article. One blessing of traveling, volunteering to serve on committees, consulting, and teaching CPE to so many accounting professionals is the ability to learn continuously. During the September 26-28 AICPA Executive Roundtable event in New York City, it was a pleasure to see 45 products presented and to meet with top executives representing these products.

Technology

Going Concern

OCTOBER 11, 2023

Us olds are sitting this one out. The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and other stakeholders, has launched a survey to figure out why modern day accounting students and professionals are so uninterested in pursuing the CPA credential. ICPAS tackled the issue before in 2020’s A CPA Pipeline Report: Decoding the Decline but things have changed since then and young people who graduated into the pandemic may have unique pe

CPA

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Technology

CPA Practice

OCTOBER 11, 2023

Xero , a maker of small business management and accounting tools, has implemented a generative AI (GenAI) solution in Xero Central to help deliver accurate support answers faster for its millions of customers and users. In partnership with Coveo and powered by GenAI, generated answers are available in Xero Central – Xero’s customer support and learning site – and the feature is just one of Xero’s GenAI experiments announced recently at Xerocon Sydney.

bookkeeping

Withum

OCTOBER 11, 2023

Businesses of all sizes and across industries face many challenges. In recent years, they have faced a global pandemic, natural disasters that include massive wildfires and hurricanes, rising costs of benefits, rising interest rates and workforce shortages. We know these challenges as national news outlets report on them daily. There is one area of concern for businesses that is not on this list, and it is cyber risks.

CPA Practice

OCTOBER 11, 2023

By Amanda Wilkie. Change is the only constant. In today’s fast-paced accounting profession, staying agile and ahead of the curve requires firms to adopt new processes and technology. While we know such changes can drive efficiency and productivity, it’s not uncommon for technology and firm leaders to be met with apprehension, confusion and even resistance.

Start-ups

Ace Cloud Hosting

OCTOBER 11, 2023

A robust POS (Point of Sale) application is essential for a retail or service-based business to efficiently manage sales, inventory, and customer data.

quickbooks

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CPA Practice

OCTOBER 11, 2023

By Michael Bernard. State and local jurisdictions have increasingly turned to introducing new fees as they continue to hunt for additional revenue in response to federal COVID funding drying up and borrowing becoming prohibitively expensive. And while fees aren’t exactly sales and use taxes, they do greatly increase compliance complexity for indirect tax teams.

Minnesota

SkagitCountyTaxServices

OCTOBER 11, 2023

This weekend’s news coverage and social media scroll were dominated by reports of the awful things happening in Israel right now. It’s pretty difficult to swallow the images of violence and abuse being perpetrated by Hamas. And no matter how many times you hear about these kinds of things, it never gets easier. But even with difficult things like this, be mindful of letting your thoughts and feelings be dominated by the coverage.

income tax

CPA Practice

OCTOBER 11, 2023

Mark Anthony Gyetvay, a former CPA in Naples, Florida, has been sentenced to 86 months in prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing to the IRS. Gyetvay was also ordered to serve three years of supervised release and to pay a $350,000 fine and approximately $4,021,074 in restitution to the United States.

Florida

Accounting Today

OCTOBER 11, 2023

The changes aim to make the ESG rules more relevant to a global audience.

accounting standards

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

accountant

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal. The guidance was issued seven days before the 2022 calendar year federal tax extended deadline for S corporations and partnerships, and 38 days before t

income tax

Accounting Today

OCTOBER 11, 2023

In this week's Vendor Spotlight, we hear from Ilya Radzinsky, co-founder and CEO of TaxDome.

Technology

Going Concern

OCTOBER 11, 2023

Reuters reported yesterday that according to an internal memo someone slipped to them Deloitte is acquiring PwC’s Maldives and Sri Lanka network firms. After the deal, one of the largest such combination deals in the region, Deloitte will have 28 partners and 800 people, a person with direct knowledge of the matter said. PwC’s Sri Lanka and Maldives firms will join Deloitte with effect from Oct. 28, the memo said.

Technology

Accounting Today

OCTOBER 11, 2023

Negotiators presented a legal text that sets out who can levy the profits of the world's biggest corporations in order to prevent a resurgence of trade tensions.

Legal

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

accounting and finance

CPA Practice

OCTOBER 11, 2023

Now in its twelfth year, the AICPA & CIMA’s Women’s Global Leadership Summit is scheduled to take place from November 13 to 15 in Phoenix, AZ. The summit provides the opportunity for both women and men allies to engage in sessions on leadership, diversity and best practices to enhance the skills and potential of women leaders within the accounting and finance community.

accounting and finance

Accounting Today

OCTOBER 11, 2023

When Caroline Ellison asked the former CEO in 2020 whether the line of credit would show up in FTX's audit, he said, "don't worry, the auditors aren't going to look at that," she testified.

audit

Accounting Insight

OCTOBER 11, 2023

Introducing Alex, an industry thought-leader. Alex is the CEO and Founder of multi award winning digital growth business, Soaring Falcon. They set up businesses online and eliminate most of the processing and typical pain points, while specialising in SaaS and UK Set Up’s. She is also a speaker, ACCA International Assembly Member, Xero’s MVP and APPG Advisor.

Start-ups

Accounting Today

OCTOBER 11, 2023

Whether a qualified, disclaimer or adverse opinion is given depends on the nature and scale of the problem, and some states had lots of problems.

audit

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Tax

Accounting Insight

OCTOBER 11, 2023

As the accounting industry continues to evolve in an era of digital transformation, it’s crucial that we look into what is impacting practices today and tomorrow. From advancements in technology to shifts in work culture and regulatory changes, these trends are not only reshaping the way accountants work but redefining their role as trusted advisors in an increasingly complex financial world.

accountant

Menzies

OCTOBER 11, 2023

Menzies LLP - A leading chartered accountancy firm. The business world has seen a surge in women-led businesses in recent years. The Rose Review , which first started charting the numbers of women in business in 2019, tells us that, in the UK: Over 150,000 new all-women led companies were founded in 2022 – more than ever before; 20.5% of new incorporations in 2022 were all-female led, up from 16% in 2018, all this despite the tough conditions of 2022; The biggest increase was among 16-25 year-ol

chartered accountant

CPA Practice

OCTOBER 11, 2023

With increasing corporate belt-tightening, finance leaders are focused on boosting the productivity of lean AP teams and taking measures to cut costs. According to a new survey, many are turning to automation to achieve this goal. The 8th annual State of the AP Report, from MineralTree , a Global Payments (NYSE: GPN) company and accounts payable (AP) and payment automation solution provider, looked at progress in modernizing back-office finance processes for businesses amid the impact of multipl

Finance

Withum

OCTOBER 11, 2023

On October 7, 2023, California Governor Newsom signed SB 253 and SB 261 , collectively known as the “California Climate Accountability Package,” into law. This law sends a clear message to corporations operating in the state: transparency in carbon emissions and climate risks is non-negotiable, and greenwashing will not be tolerated. Continue reading to delve deeper into the implications of these groundbreaking bills, their effective dates, and how they align with global climate disc

California

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