Going Concern

APRIL 19, 2024

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a bunch of them are hesitant to move to the cloud. In 2024. The survey of decision makers and influencers at accounting, tax and bookkeeping firms revealed that nearly 60 percent of respondents identified their firms as slow adopters of new technologies like AI.

accounting firms

Accounting Today

APRIL 19, 2024

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

Tax

Randal DeHart

APRIL 19, 2024

If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. We often get into business because we love a product or service we want to provide, but it's less common that we love managing the financial aspects of our business. As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals.

Construction

Accounting Today

APRIL 19, 2024

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

auditor

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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

accounting and finance

Ace Cloud Hosting

APRIL 19, 2024

Tax season 2024 is ongoing, and the tax firms are busy handling their clients’ taxes. However, cybersecurity is one aspect most tax firms ignore during the tax season. Like tax.

Tax

CPA Practice

APRIL 19, 2024

Forbes this week released its inaugural list of America’s Top 200 CPAs , nine of whom were recently recognized by CPA Practice Advisor. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations. Those candidates were then evaluated and graded on the following criteria: Certifications and credentials Years of experience Industry specialization Professional achievements Community involvement Thought leadership

cpas

AccountingDepartment

APRIL 19, 2024

We are thrilled to announce that Episode 17 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

accounting careers

Accounting Today

APRIL 19, 2024

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

Tax

CPA Practice

APRIL 19, 2024

A Top Technology Initiative Article By Randy Johnston. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

Technology

Accounting Today

APRIL 19, 2024

Advisory as a replacement requires the biggest leap: Firms have to cut the cord tethering them to the compliance work of old.

Management Consulting

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

APRIL 19, 2024

The IRS on Friday posted on its website the highly anticipated draft Form 1099-DA , a new tax form that cryptocurrency brokers will begin using next year to report digital asset transactions. The tax agency teased the forthcoming tax form last August when it issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers.

Sales

Accounting Today

APRIL 19, 2024

After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.

CPA

CPA Practice

APRIL 19, 2024

By Gail Cole One of the most effective ways for an accounting practice to increase revenue and promote client satisfaction is to offer additional services that are essential to client compliance and success. While tax automation tools have reduced the need for many manual accounting tasks, there’s growing demand for accounting professionals to offer client advisory services (CAS).

Technology

Accounting Today

APRIL 19, 2024

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

tax preparation

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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

CPA Practice

APRIL 19, 2024

By Gail Cole. Online marketplace sales are expected to exceed $603 billion in the United States in 2027, or nearly 35% of all U.S. ecommerce. By 2027, marketplaces may account for 59% of ecommerce globally. Who wouldn’t want a piece of that pie? The success of online marketplaces is inspiring many retailers to operate marketplaces of their own.

Tax

Accounting Today

APRIL 19, 2024

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

Technology

CPA Practice

APRIL 19, 2024

By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. Maria Reich, 45, former president of On Call Accountants, pleaded guilty in U.S. District Court in Norfolk to eight counts of wire fraud as part of a plea agreement with prosecutors.

Virginia

Accounting Today

APRIL 19, 2024

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

audit

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.

Account

Ryan Lazanis

APRIL 19, 2024

Are you considering acquiring an accounting firm? Learn all you need to know about buying an accounting practice by checking out this post. The post Buying an Accounting Practice: The Complete Guide appeared first on Future Firm.

accounted

Accounting Today

APRIL 19, 2024

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

Accounting Insight

APRIL 19, 2024

Learn more about Xbert, first-time exhibitors at Accountex London… What do Xbert do? XBert is an AI-Powered Work Intelligence system that monitors both the data quality in Xero QBO Myob data entry and your teams workflow, ensuring team efficiency and accuracy. Practice Analytics to onboard and price clients, and to understand ledgers under management.

bookkeeping

Accounting Today

APRIL 19, 2024

Remote partners bring many advantages, but firms do need a little more thought when it comes to managing them.

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

Ronika Khanna CPA,CA

APRIL 19, 2024

Residents of Canada are required to reflect all sources of worldwide income on their personal tax returns. For most individuals, who have investments with Canadian based banks and brokerages, this is fairly straightforward as you will receive the relevant tax slips, usually by March 31st of the year following the end of the calendar year i.e. for the 2023 tax year, you should receive all investment related tax forms and slips by March 31st, 2024.

tax return

Accounting Today

APRIL 19, 2024

While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.

accounted

CPA Practice

APRIL 19, 2024

By Maya T. Prabhu, The Atlanta Journal-Constitution (TNS) More than 36,000 Georgians used a new “unborn dependents” deduction in 2022, lowering their taxable income by about $109 million, state officials say. The new deduction is the result of Georgia’s 2019 abortion law, which allows expectant parents to claim an embryo or fetus as a dependent on their taxes.

Georgia

Accounting Today

APRIL 19, 2024

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion.

Tax

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