Tue.Apr 23, 2024

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3 Common HR “Gotchas” That Could Get You During Due Diligence

BurklandAssociates

Many startup founders fail to realize that neglecting HR compliance can lead to significant red flags during investor due diligence. The post 3 Common HR “Gotchas” That Could Get You During Due Diligence appeared first on Burkland.

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Submissions open for 2024 Top Firms by AUM

Accounting Today

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

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Another Option for When Employee Bonuses Don’t Work

CPA Practice

From: Entrepreneurs’ Organization | Inc. [Via TNS.] By Kent Lewis, an Entrepreneurs’ Organization (EO) member in Portland, Oregon, is the founder of pdxMindShare , an online career community focused on Portland professionals: I recently shared a presentation on increasing employee engagement and retention by fostering a Culture of Caring with a group of Silicon Valley entrepreneurs.

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How to Succeed at AI Strategy and Implementation: The 5 Questions Every Company Needs Answered

Cherry Bekaert

Download Whitepaper The impact of artificial intelligence on how we live, work and do business has been undeniable for over a decade. Its practical applications range from suggesting the next sen­tence when crafting emails to producing lifelike animations, from enabling smart and interconnect­ed manufacturing robots to efficiently distribute workloads on assembly lines to predicting customers’ preferences or even helping land a plane.

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Live Demo - Supercharge your Month End Close

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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ISSB to research nature and human capital risks, opportunities

Accounting Today

The research will focus on investor needs and build on relevant preexisting initiatives when possible.

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Withum Team Members Named Top 200 CPAs by Forbes

Withum

Withum is proud to share that Forbes has named four team members to its inaugural Top 200 CPAs List. Jim Bourke is the Managing Director of Withum’s Advisory Services practice. Forbes recognized him for his former board and leadership positions at both NJCPA and the AICPA. Jim was also recently recognized by Accounting Today on their list of Top 100 Influential People in Accounting.

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More Trending

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The Top 25 Up-n-Coming ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 25 Up-n-Coming ProAdvisors. Congratulations to all being recognized as this year's award recipients.

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Three in Four Family Businesses Expect to Grow This Year

CPA Practice

By Sarah Lynch, Inc. (TNS) Family businesses are gearing up for growth. Seventy-four percent of U.S. family businesses are anticipating at least 10 percent growth this year, according to newly released data from Family Enterprise USA, a nonprofit and advocacy group that promotes family businesses. While the organization’s full report—the Annual Family Business Survey—has not yet been released, the organization shared that these growth expectations mark a “significant jump from the prior year.

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The PwC Partner Class Will Be Much Smaller This Year

Going Concern

Last week PwC announced it is “aligning its organizational structure across three lines of service— Assurance, Tax and Advisory—to better serve client needs, their buying patterns and the market” and now Wall Street Journal is saying the incoming consulting partner class will be much smaller than last year’s. Should we be worried? WSJ: PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for adv

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FTC Rule Bans Non-Compete Agreements

CPA Practice

The Federal Trade Commission has issued a final rule it says will promote competition by banning non-compete agreements nationwide, “protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” The FTC estimates that the final rule banning non-competes will lead to new business formation growing by 2.7% per year, resulting in more than 8,500 additional new businesses created each year.

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

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.

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Tragedy Strikes EY Partners’ Pockets

Going Concern

Reported on Friday, Sky News was tipped to a situation at EY UK that could not have been received well by the firm’s 930 equity partners: They won’t be getting record-smashing payouts this year. Stuart Gregory , EY UK & Ireland Managing Partner, Finance and Transformation, supposedly gave a presentation informing fellow partners that profit-per-partner could go down as much as 15 percent for this fiscal year ending June 30.

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Workforce Wednesday: QBO Expense Claims - Part 2

Insightful Accountant

In this edition of Workforce Wednesday, Murph finishes up his two-part mini-series on QBO Expense claims by inviting employees to submit expenses, capturing and submitting expense claims, and reviewing and approving expense claims.

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Tax Strategy: IRS loses on conservation easements ­­— for now

Accounting Today

The situation in the long term still looks favorable for the IRS: It now has specific authority to attack syndicated conservation easements that are too abusive.

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If You Missed the Federal Tax Filing Deadline, IRS Assistance is Available

Insightful Accountant

Missed the April tax deadline? File ASAP. IRS aids those unable to pay in full. File promptly if you owe to reduce penalties and interest.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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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Does a CPA really need to do it?

Accounting Today

Solve your talent woes by getting the right people doing the right work at the right time.

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75% of Mid-Market Companies Say They Will Invest in AI Over Next 5 Years

CPA Practice

While AI hasn’t been the top priority for the majority of mid-market businesses in the past, it will emerge as such over the next five years, with 75% of mid-market companies planning to invest in machine intelligence to improve efficiency. That’s according to a new survey of 256 C-suite, founders, and board of directors at mid-market companies by Wipfli LLP, a top 20 advisory and accounting firm.

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9 out 10 made at least one ransomware payment

Accounting Today

Not only are ransomware attacks growing dramatically, 90% of IT decision-makers have made at least one payment in the last year.

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Job Confidence Dips Among U.S. Workers

CPA Practice

By Sarah Lynch, Inc. (TNS) The U.S. jobs market remains strong , but workers aren’t feeling especially optimistic. Since the start of 2024, U.S. worker confidence in their ability to “get or hold a job right now” has taken a two-point dip, according to new data from LinkedIn’s ongoing Workforce Confidence survey, which records confidence scores on a scale from -100 to 100.

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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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The brave new world of taxing digital bundles

Accounting Today

How do you charge sales tax when different kinds of digital product are sold together?

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Everything you need to know about HMRC’s Making Tax Digital programme

Accounting Insight

The first pilot for the Making Tax Digital (MTD), Income Tax Self-Assessment (ITSA), begins on 22 April 2024. Here’s what businesses, landlords and accountants need to know, and how they can prepare for the upcoming changes. In the coming years, we’ll be stepping into a new era of tax filing, one marked by a shift from traditional paper-based processes to a digital-first approach.

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Former ADM CFO to resign after accounting probe

Accounting Today

Luthar, who was suspended in January, will be 'available to assist the company and provide transitional support' as a non-executive employee until Sept. 30.

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Minnesota Accounting Firm Joins CLA Global

CPA Practice

Christianson PLLP joined has joined CLA Global Limited (CLA Global), an organization comprised of independent accounting and advisory firms, as an alliance member in the United States. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology.

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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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In the blogs: Back to the grind

Accounting Today

What to do next month; White House returns; taxing AI; and other highlights from our favorite tax bloggers.

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ADM Says Former CFO to Resign After Accounting Probe

CPA Practice

By Gerson Freitas Jr. and Tarso Veloso, Bloomberg News (TNS) Archer-Daniels-Midland Co. said former Chief Financial Officer Vikram Luthar, who was placed on leave earlier this year amid an accounting investigation, has agreed to resign effective Sept. 30. Luthar, who was suspended in January, will be “available to assist the Company and provide transitional support as needed” as a non-executive employee and continue to be paid his base salary, the crop trader said in a filing.

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IRSAC seeks nominations, establishes 'fairness' subcommittee

Accounting Today

The IRS Advisory Council is looking for new members, and help with fairness in tax administration.

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36% of Amercians Expect Debt when Planning Vacations

CPA Practice

By Katie Kelton Bankrate.com (via TNS) Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?A new Bankrate survey found that only about half (53%) of Americans are planning a summer vacation in 2024.

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8 Pillars of Leadership Development

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.

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Boomer's Blueprint: Branding is important for CAS

Accounting Today

At its core, CAS/CAAS aims to transcend traditional transactional and compliance services, venturing into the realms of advisory and consulting.

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Home Sales Decline in March

CPA Practice

By Michael Sasso. Bloomberg News (via TNS) Sales of previously-owned homes in the U.S. fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. Contract closings decreased 4.3% from a month earlier to a 4.19 million annualized rate, according to National Association of Realtors data released Thursday.

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Accounting Trends for 2024

Analytix Finance & Accounting

Several external factors are shaping the accounting landscape, including the increasing influence of artificial intelligence (AI) , automation, a greater focus on advisory services, and the growing importance of data security. For small and medium-sized businesses balancing time constraints and ambitious goals, we’ve curated a list of emerging accounting trends to stay informed and ahead in today’s dynamic business landscape. #1.

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Walmart to Open More In-Store Medical Clinics

CPA Practice

By Maria Halkias. The Dallas Morning News (via TNS) Walmart, the largest U.S. employer with a workforce of 1.6 million, is slowly building a network of in-store clinics, believing it has a place in America’s health care system. Next week the largest U.S. retailer will open two health clinics in DeSoto and Fort Worth targeting seniors and families with services for comprehensive primary care, behavioral health and dental care.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.