This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Perhaps you’ve already seen this in 24 hours since it was released but let’s talk about it anyway because L-O-f **g-L. UK office furniture company Furniture at Work has published a hilarious anti-WFH piece called “From Claw Hands to Hunchbacks: How Working From Home Could Affect Our Bodies.” The article warns that if you continue to work from home you will end up looking like an enemy from Silent Hill by the time you are 70.
Optimizing an organization’s financial health can be a challenging task, especially for CFOs and other finance leaders. Maintaining control over an enterprise’s spending and resources is crucial for success. Financial budgeting serves as a critical aspect of business planning, allowing organizations to effectively allocate their financial resources and gain valuable insights into their operations.
Welcome to our comprehensive FAQ guide on the IRS Fresh Start Program ! Dealing with tax issues can be overwhelming, but the Fresh Start Program is designed to provide taxpayers with a second chance. In this article, we’ll answer your most pressing questions about this initiative, explaining its purpose, eligibility requirements, benefits, and how to apply.
One of the best things that you can do for your business is to understand financial statements. One of the biggest issues that come with reading financial statements is understanding the differences between Retained Earnings vs Owner’s Equity. The first step is defining the two. Retained Earnings is the company’s net income or loss over the period of the company.
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.
Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Now with the public health emergency officially over , the shift to more remote work has become the new normal.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Yeah, That PwC Thing Is Still Going On Australian state bans PwC from new tax contracts for three months [ Reuters ] An Australian state on Thursday imposed a three-month ban on PricewaterhouseCoopers’ (PwC) local
Artificial intelligence (AI) has proven that it is a far cry from just a buzzword. Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.
Artificial intelligence (AI) has proven that it is a far cry from just a buzzword. Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.
By Christopher Zara – Fast Company Fast Company Magazine (via TNS). Is there a certain aura around an audit? A new paper from economists at Harvard, the university of Sydney, and the Treasury Department appears to suggest so—at least for Uncle Sam. The paper, titled “A Welfare Analysis of Tax Audits Across the Income Distribution,” finds that for every $1 the Internal Revenue Service (IRS) spends auditing taxpayers above the 90th percentile of earners, it yields more than $12 in revenue, and aud
Is your firm running its gears on outdated accounting technology? That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients.
As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices, it can be challenging to know where to start. That's where we come in! This guide will break down the essential accounting principles that every small business owner should know. We'll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for you
The accounting profession is in the midst of a transformation, and firms must ensure they are upskilling their accountants to remain competitive and keep pace. While the profession is no stranger to change, the COVID-19 pandemic shifted that change into higher gear, driving home the need to meet rising client demands and shifts in employee wants and expectations.
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.
Commercial reasonableness is a crucial concept in the healthcare industry, particularly regarding physician compensation. Essentially, commercial reasonableness refers to whether a transaction or arrangement is considered to be fair and appropriate based on prevailing market conditions and economic factors. In the context of physician compensation, commercial reasonableness is a critical consideration because it helps ensure that doctors are fairly compensated for their work and that healthcare
Many of today’s tax and accounting practices are struggling with strained firm capabilities. Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth. In fact, a 2022 survey by the Virginia Society of CPAs (VSCPA) found that the greatest challenges facing firms are being overworked and understaffed.
The California Small Business and Nonprofit COVID-19 Supplemental Paid Sick Leave Relief Grant Program (CA SPSL) awards eligible California small businesses and nonprofits grants, ranging between $5,000 – $50,000, to reimburse for COVID-19 supplemental paid sick leave provided to workers between January 1, 2022, to December 31, 2022. Grants are awarded on a first-come, first-serve Read the full article.
The Enron scandal. The Worldcom scandal. When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. Do you know how to spot it? How widespread is corporate fraud? A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less seve
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.
On his best days, former Toronto Blue Jays’ player José Bautista was pounding homers, flipping bats and making a mockery of Major League pitching. I mean, let’s face it, his blast against the Texas Rangers in the 2015 American League playoffs is the stuff of Canadian legend. Now it seems that Bautista’s bat flip is not the only memory he’s left behind.
Technologists Randy Johnston and Brian Tankersley, CPA, discuss DataSnipper , an Intelligent Automation Platform within Excel that accelerates Audit and Finance teams’ productivity. Click here to visit the podcast page.
This session provides not-for-profit employees, board members, and other stakeholders with a basic and fundamental understanding of revenue recognition for contributions and grants in the not-for-profit environment. We review the key terminology, definitions and concepts that impact the timing and amounts of revenue recognized from contributions and grants, as well as common areas of complexity and challenges.
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.
By Deepak Upadhyay, Mint, New Delhi (TNS) EY said Tuesday its global chairman and CEO Carmine Di Sibio plans to retire next year after the collapse of his plan to split the Big Four firm in two. However, Di Sibio made it clear that he did not intend to step down immediately. He would oversee the organization until the end of the next financial year in June 2024.
Menzies LLP - A leading chartered accountancy firm. The most successful and progressive leaders are endorsing ESG or Environmental, Social and Governance principles in all areas of their businesses, but in what ways are they doing this and is it resulting in a positive effect on their overall performance? This was the theme for the latest Brighter Thinking Roundtable , jointly hosted by Menzies Creditor Services team and the Chartered Institute of Credit Management (CICM) in London.
By Martin Schamis, CFP, Kiplinger Consumer News Service (TNS) The Tax Cuts and Jobs Act (TCJA) of 2017 is currently scheduled to sunset at the end of 2025, meaning significant changes are on the horizon for taxpayers. Now is the time to understand those implications and consider strategies to help mitigate the potential tax risks—and this article can help you get started.
Keeping pace with the ever-changing tax regulatory landscape can be difficult and time consuming. Noncompliance can result in hefty fees, penalties, and audits. According to new data released in October 2022 by the IRS, tax gap estimates are on the rise. The IRS defines the gross tax gap as “the difference between estimated “true” tax liability for a given period and the amount of tax that is paid on time.
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.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
134 
Let's personalize your content