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
Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. In recent years, more tax professionals have exited the industry than entered it, which presents the potential for detrimental effects across the business and financial world.
Selling outside the U.S. does not free you from the complexities of sales tax. In many countries, you will run into some kind of sales tax – familiar if you’re used to selling in the U.S., but different, too. Europe’s value-added tax VAT is applied at each stage of the supply chain and is recoverable by most businesses and, similar to American sales tax, rates are generally applied at a local (in Europe’s case, usually by country) level with exceptions on certain products.
The lowering of the Form 1099-K threshold from $20,000 to $600 will not only produce millions more forms to be sent to taxpayers, but could also prompt many of them to abandon online marketplaces and gig economy jobs.
Let’s all take a moment to be thankful that things aren’t as dire here at home as they are across the pond. For the moment. Financial Times reported on the Friday after Thanksgiving — just another day to the Bri’ish, thank goodness — that the pay freeze at KPMG UK initially in effect only for its suffering deals business is now extending to 12,000 staff across service lines.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Public Company Accounting Oversight Board chair Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties during a conference.
Looking for instructions on hosting a QuickBooks Desktop company file? This is the place for you. QuickBooks Desktop is a powerful accounting software widely implemented by businesses to manage their.
Accounting organizations and firms are making plans to attend or contribute research in conjunction with the United Nations COP28 climate change conference in Dubai this week.
Accounting organizations and firms are making plans to attend or contribute research in conjunction with the United Nations COP28 climate change conference in Dubai this week.
When it comes to managing finances, QuickBooks Enterprise has proven to be a robust and adaptable option for businesses of all types. However, the critical question is where to install.
Despite 70% of higher education leaders expressing the belief that their industry’s economic model, programming, and other operations require fundamental change, about 80% of these same leaders are confident in their own institution’s financial stability over the next decade. This and other findings are part of FORVIS’ 2024 Annual Higher Education Outlook.
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.
It’s not quite a “ mega merger ,” but a top 100 CPA firm and a top 200 CPA firm will be merging on Jan. 1, 2024. Dean Dorton, based in Lexington, KY, and VonLehman CPA & Advisory Firm, based in Fort Wright, KY, announced their marriage on Tuesday. The firm will operate as Dean Dorton and provide accounting, business advisory, and professional services to clients from offices in North Carolina, Indiana, Ohio, and Kentucky.
A variety of QuickBooks payroll and human resource enhancements are improving and streamlining they way you can manage payroll whether you provide payroll services, you support clients using payroll, or you manage payroll in-house.
By Irina Anghel, Bloomberg News (TNS) KPMG has frozen pay for thousands of its U.K. staff and cut bonuses despite stubbornly high inflation. A spokesperson for the audit firm said that due to soft market demand, raises would be prioritized for staff who have been promoted. Workers eligible for a bonus will receive one that’s lower than in previous years.
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.
The annual Withum Week of Caring (WWoC) took place last week, and team members made the biggest impact in their communities yet. From assisting with food banks, park clean-ups, toy drives, senior centers, 5ks runs, and more, Withum team members utilized the annual give-back days to better the communities in which they live and work. WWoC’s Impact Withum team members with litter from Union Beach, NJ, Conaskonk Point Beach Clean-Up. 13 Years 21 Regions 83 Organizations 4,000 Hours Withum team memb
By Ari Altstedter and Esteban Duarte, Bloomberg News (TNS) Big Four firm PricewaterhouseCoopers has cut its workforce in Canada by 2% as sustained high interest rates push that nation’s economy toward a recession. A spokeswoman for PwC confirmed the reduction, reported earlier by the Globe and Mail newspaper, without giving further details of the layoffs.
In my last blog about Microsoft Loop , Loop was just an announcement at Microsoft Ignite. After some applications such as Teams and Outlook started supporting it, Loop is now generally available at loop.microsoft.com. Licensing is always a big question with Microsoft. Luckily, the licensing for Loop is straightforward. A user needs one of the licenses below: Microsoft 365 Business Standard Microsoft 365 Business Premium Microsoft 365 E3 Microsoft 365 E5 In addition, Loop storage will now start t
As part of its 13th annual Week of Caring in November, the staff and partners of Withum across 21 regions in the U.S. volunteered a combined 4,000 hours toward charities and public service, including assisting with food banks, park clean-ups, toy drives, senior centers, 5K runs and other activities. The contributions benefited more than 80 organizations.
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.
Intuit TurboTax, in anticipation of the upcoming filing season, unveiled new support options that encompass both human professionals and artificial intelligence.
Houston-based accounting and advisory firm abip CPAs & Advisors and San Antonio-based accounting firm Brehm, Havel & Co. will merge effective Jan. 1, 2024. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. Brehm, Havel & Co. has been supporting clients in the San Antonio and greater Texas market since 1980.
By Izzy Kharasch. Since starting my consulting business, Hospitality Works, in 1987, I’ve helped turn fortunes around for many restaurants all across the nation. And I have come to realize something: Most of what I’ve learned about the restaurant business can be applied to almost any business in almost any industry. As a financial professional, you probably have among your clients business owners, would-be business owners and investors in various enterprises (even including restaurants).
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.
There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year. Section 174 Research and Experimentation Cost Capitalization The tax landscape for specified research and experimentation (SRE) activities is evolving with Section 174 c
It’s hard to go a day without hearing about AI. Whether it’s how companies are using language models such as Chat GPT, or how executives should be leveraging AI to drive innovation. While new AI, automation and analytics tools come onto the market every day, it’s important to be curious yet skeptical about securely implementing these technologies. To better understand how AI can be realistically implemented to impact a company’s performance and profitability, we’re taking a deep dive into new to
AICPA CEO of Public Accounting and Going Concern favorite Sue Coffey swung by the Accounting Today podcast recently to talk about what else, the pipeline problem. The interesting bit pops up right away in the episode. Here she is talking about how the AICPA is digging through the data to identify reasons for the accountant shortage beyond the ones we already know like declining birth rates ( down 22.9 percent since 2007 ) and fewer people going to university in general.
A new survey of marketplace sellers, gig workers, and decision makers at online marketplaces shows that previously proposed changes to IRS form 1099-K reporting requirements would be a threat to their business interests. The changes, which are presently on hold by the IRS, could include a drop in the reporting threshold from $20,000 to $600. This change would have impacted significantly more marketplace sellers and gig workers.
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.
Menzies LLP - A leading chartered accountancy firm. Did you know businesses operating in the financial or insurance sector can, under some circumstances, recover some of the input VAT they incur on costs if they make overseas supplies? Businesses within the financial and insurance services sector are likely to be subject to the VAT exemption rules when making certain supplies for UK clients.
With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations. This on-demand webinar session Withum’s tax experts cover an in-depth review of the most important tax planning strategies you can take now to ensure it’s the happiest season of all!
Deploying 1,400 tax collectors — touted by the government as "paramilitary trained" in order to discourage resistance — is the most aggressive in a long line of controversial steps to nearly double the government's revenue collection to a quarter of gross domestic product by 2030.
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.
Input your email to sign up, or if you already have an account, log in here!
Enter your email address to reset your password. A temporary password will be e‑mailed to you.
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.
112 
Let's personalize your content