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
Contributor: Mollie Carroll Financial reporting is an essential process for companies of all sizes, whether you’re a Large-Accelerated Filer or an Emerging Growth Company (EGC). External financial reporting helps investors and leaders within the company make educated decisions that are supported by financial data and business operations. Financial reporting also has compliance aspects across industry regulations and accounting frameworks.
A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.
For fast-growing companies, becoming a C corporation for income tax purposes can offer significant tax savings for their shareholders. Section 1202 of the Internal Revenue Code (IRC) is a powerful tool for attracting investors with funds to fuel a company’s growth. To qualify for these tax benefits, both the company and shareholder must meet specific requirements, and non-compliance can result in missed opportunities for savings.
KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.
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
Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.
Artificial intelligence (AI) has impacted nearly all business functions, but the surge in automation advancements has especially great potential for the finance function. For finance teams and leaders to thrive in times of massive change and technological transformation, increased efficiency, agility and innovation is required. With a thoughtful AI strategy, finance leaders can harness the power of AI, modern data, predictive analytics and financial intelligence to elevate the finance function a
Tax deductions for meals come with a 50% limit in most cases. Here's a mini guide to noshing breaks for financial advisors, tax professionals and their clients.
Tax deductions for meals come with a 50% limit in most cases. Here's a mini guide to noshing breaks for financial advisors, tax professionals and their clients.
By Kathryn Anne Edwards, Bloomberg Opinion (TNS) For more than two decades, America has pursued a policy as costly as the New Deal of the 1930s or the Great Society of the 1960s, but with a much narrower aim: cut taxes. Judging from the Congressional Budget Office’s latest forecasts, it has gone much too far. Extending the provisions of the 2017 Tax Cuts and Jobs Act, which are set to expire next year, will add an estimated $4 trillion to the federal government’s already perilously high debts.
The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.
The accounting talent shortage is impacting many firms, but that doesn’t mean it has to affect yours. Learn the simple system to go from, “Where can I find talent” to top talent asking you “How can I work for you?
Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.
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.
AICPA & CIMA, together as the Association of International Certified Professional Accountants, have announced the recipients of the Bea Sanders/AICPA EDGE in Teaching Award, which recognizes exceptional teaching in introductory accounting courses, and the George Krull/Grant Thornton EDGE in Teaching Award, which recognizes and disseminates successful leading-edge practices in the teaching of junior- or senior-level accounting courses.
CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the formation of the network of independent accounting and advisory firms formed in July 2022.
Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. “Consumers are continuing to spend more than last year, and retailers are stocking up to meet demand, especially as we head into peak shipping season,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Boost Cash Flow with These Invoice Management Strategies for Small Businesses Effective invoice management is crucial for small businesses striving to maintain a healthy cash flow and streamline their billing processes. As a small business owner, understanding best practices for handling invoices can significantly impact your financial stability and operational efficiency.
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.
Personal and family financial planning is a serious undertaking. Done wrong it could affect your ability to attain your goals or retire when you want. Done right it could provide you and your family with freedom from financial concerns. Careful financial planning is necessary for everyone, but I have found that many do not prepare properly, timely or with clear goals.
As practice owners, we’re always looking for ways to generate leads and attract new clients. One effective method to achieve this is by starting a YouTube channel. Check out this beginner's guide!
QuickBooks, a popular accounting software developed by Intuit, has transformed how businesses manage their finances for decades. Its user-friendly interface and comprehensive features make it an ideal choice for businesses.
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.
In a capital-intensive industry like transportation and logistics, a strong relationship with your financial institution can improve your bottom line by generating thousands of dollars of profit or enabling you to negotiate a better interest rate or a higher line of credit. Here are the steps to take to ensure you think like a banker and put your best foot forward when applying for a loan or a line of credit.
In today’s fast-paced business environment, accountants wear many hats. From managing complex financials to ensuring tax compliance, they have a demanding workload. One area that can eat into their valuable.
Chaser, the leading global accounts receivable SaaS provider, has launched Letters. The new feature allows small-medium businesses (SMEs) to automatically schedule payment reminder letters to their debtors in the post. Chaser has expanded its credit management automation functionality to help businesses worldwide save time on manually posting payment reminder letters.
The AICPA & CIMA recently recognized six practicing CPAs under the age of 40 with the 2024 AICPA Outstanding Young CPA Award. Every year, these awards are given in memory of Maximo Mukelabai, a member of the inaugural class of the AICPA Leadership Academy whose life was tragically cut short in 2011 at age 36. Honorees are selected annually for exemplifying the passion, intellect and inspiration demonstrated during Maximo’s career.
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.
In the booming financial tech world, businesses seek innovative solutions to streamline payments and enhance customer experiences. Partner with VyaPay to elevate your value proposition and capitalize on this trend as a business leader.
Top 50 accounting firm Cohen & Co. announced its new partner class for 2024 on June 6, as well as two new members of its board of managers. “We are proud each year to recognize and welcome our new partners and board members, all deserving in their own unique way,” Chris Bellamy, CEO of Cleveland-based Cohen & Co., said in a statement. “They lead not only within our firm but also in our marketplaces and communities and are true examples of the best and brightest our industry has to offer.
Menzies LLP - A leading chartered accountancy firm. Companies House has released draft rules for directors, persons with significant control (PSCs) and others needing to verify their identity under changes due to come into effect in 2025. (Exact date not yet published) What are the changes? The Companies Act 2006 and Limited Partnerships Act 1907 as amended by The Economic Crime and Corporate Transparency Act 2023, to require certain persons to verify their identity.
The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. The audit regulator handed L&L CPAs and its president Weixuan Tracy Luo a joint fine of $75,000, engagement partner Andy Chow a civil money penalty of $50,000, and engagement quality reviewer Robert Kinzer a $25,000 fine, according to the settled disciplinary ord
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.
Menzies LLP - A leading chartered accountancy firm. The new code of conduct applies to directors of organisations of all sizes in the public, private and not-for-profit sectors, and has been developed to assist directors in making better decisions and to promote high levels of integrity on the part of directors. It represents a voluntary commitment and is not intended to hold back directors or create a new burden of compliance.
On June 27–28, government representatives and expert tax practitioners gather for the 16 th Annual Tax Controversy Forum , organized by the NYU School of Professional Studies Division of Programs in Business , in New York City. The event, which takes place at the Westin New York at Times Square , brings together tax industry professionals to share their perspectives on a variety of topics involving federal tax audits, appeals, and litigation.
Donald Trump said he'd scrap taxes on tipped earnings for hospitality workers if he wins the White House, calibrating his message for swing-state voters in Nevada as he fights back after his felony conviction.
CLA Global Ltd., a network of accounting and advisory firms with more than 180 offices and 13,500 professionals around the world, including top 10 firm CLA (CliftonLarsonAllen) in the U.S., has appointed Paul English as CEO. English will replace Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the network was formed in July 2022.
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.
88 
Let's personalize your content