Tue.Aug 06, 2024

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Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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Fifth Circuit Court of Appeals Declares FCC’s Universal Service Fee Unconstitutional | TaxConnex

TaxConnex

Certain excerpts pulled from The CommLaw’s Client Advisory found here: [link] On July 24, 2024, the en banc Fifth Circuit Court of Appeals issued its ruling in the Consumers’ Research v. FCC case declaring the Federal Communications Commission’s (FCC) Universal Service Fee (USF) to be unconstitutional. The court found that the structure and application of the USF, managed by the Universal Service Administrative Company (USAC), violates the nondelegation doctrine and the Appointments Clause of th

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12 Common Startup Budgeting Mistakes to Avoid

BurklandAssociates

Don’t let these common startup budgeting blunders hold your business back from reaching its potential. The post 12 Common Startup Budgeting Mistakes to Avoid appeared first on Burkland.

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Accounting talent shortage worsens

Accounting Today

As the pipeline dries up, 83% of senior leaders report a talent shortage this year, up from 70% in 2022, with 10% this year saying it's worsening.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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Luxury Home Values are Rising Faster than Average Homes for First Time in Years

CPA Practice

Luxury home value growth, which has consistently lagged the market’s middle tier over the past several years, has now outpaced appreciation on typical homes for five consecutive months, a new Zillow analysis shows. The typical luxury home nationwide — defined for this analysis as the most valuable 5% of homes in a given region — is worth about $1,620,000.

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FASB releases 2024 Investor Outreach Report

Accounting Today

The document includes the top priorities outlined by investors.

More Trending

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Study finds accountants slow to adopt gen AI

Accounting Today

When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.

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Professionals on the Move – Aug. 2024

CPA Practice

Professionals on the Move is a collection of recent staffing and promotion announcements from around the profession. Brown Plus Welcomes Four New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of four new team members: Michael Corona started with Brown Plus as an intern and is now an Audit Associate. He graduated from York College with a Bachelor’s degree in Accounting.

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Missing out on sales? You’re not alone

Xero

Most major economies have had tepid growth, at best, in recent quarters. But how are things on the ground? If you’re a small business owner and you’re thinking that things feel tougher than what national statistics seem to be saying about the broader economy, you’re not alone. The Xero Small Business Insights (XSBI) data shows a lot of small businesses aren’t growing as fast as the major economic indicators suggest.

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How Accounting Firms Can Build High-Performing Teams

CPA Practice

“Dream team.” It’s a phrase that gets thrown around a lot, evoking images of perfectly aligned, highly productive teams that effortlessly crush their goals. But in reality, building a high-performing team is far from a dream—it’s a challenging, complex process that requires strategic thinking, emotional intelligence, and a willingness to embrace unconventional approaches.

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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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Cherry Bekaert acquires Kerr Consulting

Accounting Today

Top 25 firm Cherry Bekaert announced its acquisition of accounting tech provider Kerr Consulting, becoming one of the largest Sage providers in the United States.

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New York to Send Child Tax Credit to Recipients by Mail

CPA Practice

Robert Harding The Citizen, Auburn, N.Y. (TNS) More than 1 million New York families will begin receiving child tax credit checks this week. The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.

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Ex-Wirecard CFO charged in ongoing accounting scandal

Accounting Today

An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.

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CliftonLarsonAllen Gets to Brag About Coming in First in Something Again

Going Concern

If you are not one of the 55,000 regular readers of Construction Executive , you may not have heard that CliftonLarsonAllen (CLA) has been ranked by them as the number one construction accounting firm for an impressive fifth time. Can we talk about how Construction Executive trademarked the phrase “Top Construction Accounting Firms”? No?

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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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TaxDome launches TaxDome AI for document management

Accounting Today

TaxDome announced the release of TaxDome AI, meant to facilitate document management tasks.

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Warehouse Wednesday: Murph's Acumatica Intro

Insightful Accountant

Murph introduces you to Acumatica In-depth, which he will begin posting to "Be Insightful" Premium Content next week. This new multi-part series is one of several looking at various ERPs to which QuickBooks users may migrate.

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Boomer's Blueprint: Transactional + transformational growth

Accounting Today

Firm leaders face the twin challenges of managing current operations while positioning themselves for future growth.

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Cherry Bekaert Acquires Kerr Consulting

Insightful Accountant

Cherry Bekaert, a U.S. assurance, tax, and advisory firm, has acquired top-tier accounting software provider Kerr Consulting.

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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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5 immediate red flags in an employee (when hiring new workers)

Reckon

As a small business owner, you’re only as successful as the talent you bring on board. So when it comes time to expand your business and hire new team members, you want to make sure you get it right. Whether you’re just looking over someone’s resume or things have already progressed to the interview stage, you’re going to encounter signs that a candidate might not be a good fit.

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QB Talks to feature 2024 ProAdvisor of the Year - Caleb Jenkins

Insightful Accountant

Caleb Jenkins, the 2024 ProAdvisor of the Year, will be among several of the 2024 ProAdvisor Award recipients at the August 21 edition of QB Talks. You shouldn't miss this opportunity to hear what it takes to be recognized within the Top 100.

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Cherry Bekaert Acquires Kerr Consulting

CPA Practice

Cherry Bekaert has acquired Kerr Consulting , a premiere business applications and cloud technology provider servicing clients across the United States. The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.

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Essential HR Strategies For Accounting Professionals

Insightful Accountant

Michelle Leblanc shares the key strategies and pitfalls Accounting Professionals need to be aware of when running their firm or when consulting with their clients on related matters.

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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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CohnReznick Forms Alliance with Tipalti

CPA Practice

CohnReznick LLP , one of the leading advisory, assurance, and tax firms in the United States, has announced that its Digital Advisory practice has formed an alliance with Tipalti , a global finance automation company helping organizations drive efficiency through the automation and scalability of payables operations. By leveraging the Tipalti platform, CohnReznick will help its clients employ accounts payable and mass payments automation, integrated and branded payee portals, and proactive fraud

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Attract, Convert, and Scale Your Digital Agency

Summit CPA

We all know the accidental owner, but Jason Swenk’s break into the agency space has its own unique flavor: he created a parody website for a Justin-Timberlake look-alike friend, it took off, and the rest is history.

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Provider

CPA Practice

Cherry Bekaert has acquired Kerr Consulting , a premiere business applications and cloud technology provider servicing clients across the United States. The acquisition will position Cherry Bekaert as one of the largest Sage providers in the United States and further bolster the technology component and industry expansion efforts of its national outsourced accounting practice.

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Using Tax Credits to Strengthen Your Real Estate Equity Stack

Cherry Bekaert

In the past few years, the real estate industry has grappled with fluctuating demand, rising labor and material costs, and the impacts of a sluggish economy. While adaptation is key, real estate developers, investors and owners can proactively strengthen their equity stack, and lessen the blow of a fluctuating market, by taking advantage of tax credits and incentives.

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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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TaxDome Launches Industry-First AI System to Transform Client Document Management in Time for Tax Season

CPA Practice

TaxDome , an award-winning premier practice management solution for tax professionals, bookkeepers and full-service accounting firms, has launched TaxDome AI, the first AI system for the profession designed to eliminate time-consuming document management. TaxDome AI completely automates repetitive manual workflows and provides practitioners with organized workpapers – all in time for tax season.

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Patriot Software Deepens Foothold in the Competitive Payroll Software Market

Patriot Software

Canton, OH USA TODAY Blueprint has released its “Best Payroll Software in 2024” list and named Patriot Software the “Most Affordable Payroll Solution.” This honor exemplifies Patriot’s commitment to providing tremendous value to millions of American businesses.

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Navigating Change in the CPA Industry: A Guide for Tax Practice Leaders

Insightful Accountant

The landscape of the CPA industry is undergoing a seismic shift, presenting both challenges and opportunities for tax practice owners and managers. At the heart of this transformation lies the critical issue of talent acquisition and retention.

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How to Start a Private Medical Practice: A Comprehensive Guide and Checklist

Anders CPA

Starting a private medical practice takes time, effort and considerable preparation. Developing a comprehensive business plan and establishing an operating budget are the first steps, but there are dozens of other objectives to achieve before the doors of your new practice can open. Following a new practice checklist can help keep your operational goals stay on track and guide your decision-making process to ensure you’re prepared for your private practice journey.

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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.