Fri.Dec 09, 2022

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Challenges With Attracting & Retaining Top Talent In The Accounting Industry

Accounting Insight

Attracting and retaining talented accountants at both a junior and senior level can be a real struggle for firms. There’s a tricky balance to strike, with some highly experienced accountants missing key skills and lots of newer accountants still needing that vital experience accrued by many years in the industry. The challenge is to try and find some balance, and sometimes this can mean looking beyond the usual pool of jobseekers.

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Don’t Fall for Invoice Fraud Schemes

RogerRossmeisl

Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company Medius and researcher Censuswide. Invoice fraud can be challenging to spot — and even more difficult to recover from — but your company can take steps to prevent it from happening. Common types The most common type of invoice fraud is fraudulent billing.

CPA 130
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International tax authorities target sales tax scammers

Accounting Today

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How Are Public Accounting Salaries Stacking Up For 2023? (Part 4, Hays U.S.)

Going Concern

The latest group of fortune tellers gazing into crystal balls to figure out what accounting salaries will be like next year are from the recruitment firm Hays U.S. In its 2023 salary guide , Hays provides salary ranges for accounting and finance jobs in nine states, plus the District of Columbia. For this article, we selected four positions in audit and four in tax.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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CPAs, remote productivity and the move to contract workers

Accounting Today

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Key Drivers To Improve Construction Profitability And Cash Flow

Randal DeHart

Enlightened contractors like you understand the value of developing your own unique Construction Contracting System, a collection of documented repeatable processes and operation manuals. The key is continuously refining your construction company's practices and procedures. Your office ensures your contracting company has a steady flow of projects. Proper accounting and bookkeeping develop timely financial reports to show which jobs are profitable so you can pursue more.

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Deloitte Gave a Million Bucks to the New Smithsonian American Women’s History Museum

Going Concern

The Smithsonian American’s Women’s History Museum is still in planning stages and has received a generous donation from Deloitte to support the project. There is of course a press release : The Smithsonian American Women’s History Museum has announced a $1 million gift from Deloitte to support the development of the new museum. The donation establishes Deloitte as a founding donor of the museum, which will recognize American women’s accomplishments, the history they have made and the

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The 2022 Top 100 People: If you were to do it over again.

Accounting Today

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We Forgot to Mention KPMG Got Caught Cheating Again

Going Concern

The PCAOB announced Wednesday it has imposed $7.7 million in penalties against KPMG Colombia (Firm: $4 Million Penalty; Individual: $25,000 Penalty), KPMG UK ($2.6 Million), and KPMG India (Firm: $1 Million Penalty; Individuals: $75,000 Penalty) for a variety of infractions. Failure to cooperate with a PCAOB inspection, cheating on training exams, signing off on blank work papers, and improper use of an unregistered firm are among a range of violations that occurred from 2016 to 2021.

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On the move: Withum holds Withum Week of Caring

Accounting Today

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Tech Day- Founders Summit 2022

Shay CPA

SHAY CPA P.C. sponsored TechDay HQ ‘s 2022 Founder’s Summit event in NYC. TechDay HQ ‘s Founder’s Summit is a highly focused conference designed exclusively for startup founders and their c-suite executives. The conference featured educational sessions presented by successful founders, academics, business professionals, and more.

CPA 52
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2022 Top 100 People extra: Career change?

Accounting Today

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What to Do Now to Prepare for the 2022 1099 Filing Season

Withum

The fourth quarter is a great time to prepare for the upcoming 2022 1099 filing season. Check out our quick video for tips on this year’s 1099 filing. Learn about who needs to issue 1099s, who should receive a 1099 and what information you need to start gathering now from your vendors and contractors. The filing deadlines begin soon after year end, don’t wait until January to start the process!

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Best Practices for Ensuring Your Local Government Agency Doesn’t Get Hacked

LSLCPAs

Recently, some of our government clients have asked us how to tell if their financial software offers good internal controls and protects their data adequately. They further wondered if their existing financial software needed to be upgraded and, if so, what the exposures could be if they did. Their concerns are valid—and universal. Few organizations.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Ted on Tech: 'Tis the season … to go traveling

Accounting Today

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What Is Product Bundling? Find the Best Product Bundling Strategy for Your Business

Snyder

All year round, merchants try to find the best opportunities to increase sales. From gift baskets to 2-for-1 deals, many tired and tested selling strategies are implemented. But did you know that there’s a name for this strategy? It’s called product bundling. . In this article, we’ll look closely at this technique. How do product bundles benefit sellers and buyers?

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Spending talks stall in Congress as clock ticks toward shutdown deadline

Accounting Today

Tax 52
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Friday Footnotes: A (Fake) Day in the Life at Deloitte; DYNAMIC Merger For Grant Thornton; CPA Awareness | 12.9.22

Going Concern

News. Trump Organization found guilty on all counts of criminal tax fraud [ CNN ]. A Manhattan jury has found two Trump Organization companies guilty on multiple charges of criminal tax fraud and falsifying business records connected to a 15-year scheme to defraud tax authorities by failing to report and pay taxes on compensation for top executives.

CPA 98
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Doing More With Less: The Modern Finance Miracle

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.

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Trump Organization trial uncovers secrets from bonus scams to his-and-hers Benzes

Accounting Today

Tax 98