Accounting Today

JULY 16, 2024

Accounting firms and vendors alike have stressed the importance of having a "human in the loop" to oversee AI. Just who are these humans and what do they do?

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TaxConnex

JULY 16, 2024

Knowing when and where you have sales tax obligations is a key part of compliance. And understanding your taxability – especially if you don’t sell just tangible personal property (TPP) – is key to getting the right sales tax rates on transactions. Tax mapping helps you determine how items are taxed in a jurisdiction. Anything not tagged to a tax code in mapping is taxed as TTP, which may not be the best or correct sales tax rate.

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Tax Sales accounted accountant 203

BurklandAssociates

JULY 16, 2024

Investing in employee retention makes financial sense and builds a foundation for sustained success and growth. The post Employee Retention Strategies for Startups: Keeping Your Best Talent Engaged appeared first on Burkland.

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CPA Practice

JULY 16, 2024

Chicago-based RSM US brought in $4 billion in revenue during the firm’s most recent fiscal year, with consulting driving business growth, according to its FY 2024 Impact Report. The firm reached the $4 billion mark after a nearly 8% increase in revenue in FY 2024, up from $3.7 billion in FY 2023. “We have made significant progress during the last year in our journey to become an even more compelling, digital and global organization committed to leading the middle market into the future,” Brian B

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public accounting audit accounting firms Tax 134

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Accounting Today

JULY 16, 2024

Accounting is an industry wedded to traditional techniques, so leveraging new technology will require a cultural shift within the organization.

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Account accountant accounted Technology 133

CPA Practice

JULY 16, 2024

The American Institute of CPAs and the National Association of State Boards of Accountancy have expanded international testing availability of the U.S. CPA Exam to the Republic of the Philippines. Passing the Uniform CPA Examination is a prerequisite to becoming a licensed Certified Public Accountant (CPA) in the United States. With the increasing globalization of business, many people who live abroad are interested in obtaining the U.S. professional designation.

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CPA cpas Education public accounting 122

CPA Practice

JULY 16, 2024

The American Institute of CPAs has submitted a request to the Department of the Treasury and the Internal Revenue Service (IRS) to clarify the instructions of Form 4626, Alternative Minimum Tax—Corporations , to allow corporations already identified as “applicable corporations” to skip Part V of the form. The current filing requirement to complete Part V represents a substantial compliance and administrative burden for taxpayers, and the information included in Part V does not appear to provide

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cpas Tax 118

Accounting Today

JULY 16, 2024

A roundup of the most important court cases, regulations and more in tax for the first six months of the year.

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Tax 126

Going Concern

JULY 16, 2024

I’d like the record to reflect that this is not my idea. Comment left on “ What’s your hot take for the next 5 years in the field of Accounting? “ I wasn’t able to find any information on the average cost of those extra 30 units, probably because it varies so much so instead let me drop two relevant links. You all are welcome to tell us how much you paid for your 30 units in the comments (or by email ).

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Accounting Today

JULY 16, 2024

The role of the internal auditor is expected to change drastically in the decade to come, according to a new report by the Institute of Internal Auditors.

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audit auditor 124

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.

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CPA Practice

JULY 16, 2024

This webinar will be held on Tuesday, August 6, 2024 at 1:00pm ET Sponsor: Canopy Software Duration: 1 Hour Register Now This webinar, featuring Darren Root and John Mitchell, long-time accounting profession leaders, will give easy-to-implement guidance around how to build your accounting firm to support the life you want to live.In this webinar, you’ll learn: How to remove friction from your processes How to simplify your firm to focus on the areas that are most profitable and that you enjoy

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Indiana Non-Profits CPA accounting and finance 111

AccountingDepartment

JULY 16, 2024

Growing a business is a multifaceted challenge that requires careful financial management. For many business owners, juggling daily operations while keeping track of finances is daunting. Enter Client Accounting Services (CAS), a crucial element for business growth that improves financial accuracy, reduces costs, and offers expert financial guidance.

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Account accountant accounted accounting and finance 111

CPA Practice

JULY 16, 2024

Professionals on the Move is a round-up of recent staffing and promotion announcements from around the profession. CLA Appoints New Chief Data Officer and Chief Financial Officer CLA (CliftonLarsonAllen LLP), the eighth-largest accounting firm in the United States, announced that Ray Price, Jr. has joined the firm as its Chief Financial Officer (CFO) and that Spencer Lourens has advanced to the newly created Chief Data Officer (CDO) role.

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Iowa Virginia accounting and finance corporation tax 111

Insightful Accountant

JULY 16, 2024

The potential expiration of key provisions of the Tax Cuts and Jobs Act (TCJA) at the end of 2025 is a critical issue that requires careful attention and proactive planning, and Section 199A is no exception.

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Tax 98

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

JULY 16, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has launched new of out-of-the-box, self-assessment tools that enable internal auditors to easily assess and streamline conformance with the new Institute of Internal Auditors (IIA) Global Internal Audit Standards that go into effect January 9th, 2025. These new capabilities are immediately available within AuditBoard’s top-rated Audit Management Solution, which benefits from the powerful and proprieta

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auditor audit Washington Manufacturing 105

CTP

JULY 16, 2024

As tax planner, you have frequent conversations with clients about possible tax strategies and strive to provide reliable advice in response to their questions. At what point do you begin to document that advice in writing? If the answer is “never,” we have trouble brewing. If the answer is more like “as soon as I get to it,” you may still be opening yourself up to more risk than you realize.

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tax planning Tax Legal financial statements 94

CPA Practice

JULY 16, 2024

Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Money Magnets Club to its Purple Paladin program. Through the program, Grant Thornton helps emerging nonprofit organizations move from “start-up to unstoppable” and provides funding, business advice and volunteer support, while also helping nonprofits raise awareness of their work and mission.

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North Carolina Sports Education Hospitality 105

Accounting Today

JULY 16, 2024

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

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auditor audit accountant accounted 84

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

CPA Practice

JULY 16, 2024

Data released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation Chief Economist Jack Kleinhenz said. “The path of household spending remains difficult to read,” Kleinhenz said. “Spending has been uneven but remains in good condition notwithstanding the slower pace of payrolls, subdued consumer confidence and price deflation for retail goods.

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Going Concern

JULY 16, 2024

In an exclusive, Reuters is reporting this morning that PwC China might cut as much as half of its 2,000-person financial services audit group. “The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group which, in turn, triggered the exit of some clients,” wrote Julie Zhu.

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audit auditor accountant Account 71

Cherry Bekaert

JULY 16, 2024

In the second episode of Cherry Bekaert’s Operational Effectiveness podcast series, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Todd Angioli, a Director in the Firm’s Government Contracting practice with 20+ years of financial operations experience. Together, Eric and Todd discuss mid-year considerations when budgeting and forecasting.

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Government 64

Anders CPA

JULY 16, 2024

Keeping your not-for-profit on mission depends on your organization’s ability to overcome the riskier areas in compliance: donor restrictions and board-designated net assets, Form 990, and governance policies including gift acceptance policies. Failure to adhere to these policies and best practices can result in consequences such as damage to your organization’s reputation, increased scrutiny from regulatory bodies and possibly even legal worries.

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Legal Government Construction CPA 59

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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Menzies

JULY 16, 2024

Menzies LLP - A leading chartered accountancy firm. Summary As an update to the article dated 8 December 2023, the UK is planning to introduce its own version of the CBAM, which has some differences to the EU model and so will affect more businesses, where it widens the impact on the supply chain. In December 2023, the government published a factsheet summarising the UK CBAM, confirming that it intends to implement in the UK by January 2027, the design and delivery being subject to a consultatio

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Manufacturing chartered accountant Transportation accounting firms 59

Accounting Today

JULY 16, 2024

BOI guidance; IRS accessibility; home on the road; and other highlights from our favorite tax bloggers.

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Tax tax preparation quickbooks Sales 58

Summit CPA

JULY 16, 2024

In VCFO Deep Dive, Jody and Jamie take a deep dive into “Beyond HGTV Success Featuring Traci Barrett,” which aired on The Root of All Success.

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Insightful Accountant

JULY 16, 2024

Intuit is hiking the cost of its QuickBooks Payments processing as of August 15, 2024. This price change only impacts Intuit customers processing 'payment card' transactions using QuickBooks Payments.

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quickbooks 52

Advertiser: Paycor

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.

CPA Practice

JULY 16, 2024

Almost half (47%) of U.S. organizations report that their salary budgets for the 2024 cycle are lower than the previous year, as the overall median pay raise for 2024 fell to 4.1%, compared with 4.5% in 2023. That’s according to the latest Salary Budget Planning Report by WTW, a leading global advisory, broking and solutions company. The report found employers are being more conservative with their salary budgets as they anticipate lower demand resulting in longer-term stability in their employe

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payroll 52

Insightful Accountant

JULY 16, 2024

Docyt AI has announced a new AI-based bookkeeping tool called "Gary.

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bookkeeping 52

CPA Practice

JULY 16, 2024

By Davis Bell. In Part I of this series , I defined what the term pivot strategy means in the context of an accounting practice: “A pivot is the action that is at the center of any “change management” initiative. I also noted that while the accounting profession has embraced the concept of change management, strategies for successfully using a pivot strategy to accomplish them are less widely seen.

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Technology accounting firms Account accountant 52

ThomsonReuters

JULY 16, 2024

Jump to: What are the hidden costs of inefficient data collection? 3 practical steps to improve data collection processes What are the benefits of streamlined data collection? Tips for training staff Are you ready to stop chasing client data? If you’re an accountant, you know that time is money. However, many accounting firms find themselves caught in a continuous chase for client data.

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Technology tax return Tax accountant 52

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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