Tue.Aug 13, 2024

article thumbnail

Why CPAs must master the soft skills

Accounting Today

When a CPA transitions from individual contributor to leader of many people, his or her technical skills alone will not be enough to drive results.

cpas 112
article thumbnail

The SaaS Founder’s Guide to Seed Stage Fundraising Metrics

BurklandAssociates

Demonstrate a clear grasp of these metrics, and you’re well on your way to building investor confidence and securing capital to fuel your SaaS startup’s growth. The post The SaaS Founder’s Guide to Seed Stage Fundraising Metrics appeared first on Burkland.

157
157
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

78% of Employees Would Take a New Job for Better Benefits

CPA Practice

H ealthcare benefits play an important role when it comes to an employer’s ability to retain and hire employees. More than two-thirds of employees surveyed a new Intuit QuickBooks survey conducted in collaboration with Allstate Health Solutions , said healthcare benefits are second only to salary when considering a job offer, and 78% said they would find a new job if their benefits package was inadequate.

article thumbnail

IRS updates information security plan for tax pros

Accounting Today

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

Tax 129
article thumbnail

4 Things Great Companies Do to Improve Cash Flow

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

article thumbnail

Massachusetts Collects $2.2B From ‘Millionaires Tax’

CPA Practice

By Chris Van Buskirk Boston Herald (TNS) Massachusetts’ voter-approved “millionaires tax” delivered roughly $2.2 billion last fiscal year, a massive haul that shot past original projections set by Gov. Maura Healey’s administration. State budget writers said Friday the 4% surtax on incomes over $1 million managed to generate hundreds of millions more for transportation and education projects than expected during its first full year on the books.

More Trending

article thumbnail

Inform Direct Returns To Accountex Summit Manchester

Accounting Insight

Company secretarial software and formations specialist Inform Direct is looking forward to exhibiting again at this year’s Accountex Summit Manchester, following previous successful visits. Over the last 12 months, the company has introduced a number of significant enhancements to its cosec product, with new features and functionality to meet emerging requirements for accountants.

article thumbnail

Should You Use an Employee Handbook Builder?

Patriot Software

Is creating, updating, and keeping a compliant company handbook stressful? Drafting a federal- and state-compliant handbook is daunting for many business owners and HR professionals. It can take weeks of research, writing, formatting, and editing. But it doesn’t have to. An employee handbook builder can streamline the process.

payroll 83
article thumbnail

The True Cost of Your Grant – The More You Know, The More You Win

Cherry Bekaert

Episode four of the Grants Management Podcast series focuses on indirect costs related to grant projects and the importance of capturing those costs to assist your organization with grant-related personnel and overhead expenses. This podcast episode is hosted by Kimberly Konczack, an Advisory Manager at Cherry Bekaert, and Kat Kizior, Manager, with special guest Nikky Lettini, Managing Director, Advisory Services.

article thumbnail

“The AICPA Can Eat a Bag of Dicks,” or Here’s What CPA Candidates Are Mad About Today

Going Concern

According to the latest information on the AICPA’s “ Find out when you’ll get your CPA Exam score ” page, score release dates for Q1 2025 were due to be published “in the beginning of August.” There’s no doubt that timeline was purposely vague to leave room for the ongoing tweaking of CPA Evolution implementation and other circumstances both foreseen and unforeseen.

CPA 70
article thumbnail

The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

article thumbnail

How to Get the Most Out of Your Outsourcing Firm

Cherry Bekaert

In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss ways to optimize the benefits of outsourcing your accounting operations. Host Craig Hunter, a Director in the Government Contracting Industry practice, is joined by Mike Cippel, Managing Director, and Directors Irwin Kaplin and Jonathan Reid. Tune in to learn more about: Deciding if outsourced accounting is your best option Uncovering the benefits of using an outsourcing firm Optimizing the working relationship with a

article thumbnail

NASBA announces research grant recipients, opens 2025 applications

Accounting Today

NASBA's Accounting Education Research Grants aim to advance academic research on the educational issues impacting CPAs and the accounting profession.

article thumbnail

Why Biotech and Health Care Startup Industry Clusters Bloom in St. Louis

Anders CPA

St. Louis is fast emerging as a powerhouse in the biotech and health care startup industries, thanks to a confluence of support organizations, investment opportunities and community initiatives that foster innovation and growth. Major players involved in this transformation include BioSTL , Cortex and the Danforth Plant Science Center , an anchor institution of 39 North.

CPA 59
article thumbnail

Ex-banker faces €14M bill in German tax scandal

Accounting Today

Former investment banker Martin Shields had already paid €3 million for his part in a dividend-tax refund scheme, and will now pay an extra €11 million.

Tax 69
article thumbnail

A Quick Historical Bookkeeping Cleanup

Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

article thumbnail

‘Billion-Dollar Club’ Has Its 16th Member Accounting Firm

CPA Practice

There are now 16 public accounting firms in the U.S. that surpassed the billion-dollar mark in revenue during their most recent fiscal year, according to the newly released top 500 firms ranking for 2024 from INSIDE Public Accounting. New York City-based CohnReznick joined the “billion-dollar club” with revenue of $1.05 billion. There were 15 firms that surpassed $1 billion of revenue last year.

article thumbnail

B. Riley struggles to value assets as SEC steps up scrutiny

Accounting Today

The investment firm late Monday said it couldn't file its quarterly report with regulators on time, due to problems in valuing its loans and investments

audit 66
article thumbnail

How accountancy firms can benefit from working with a payments provider

Accounting Insight

Rising customer expectations and increased competition are placing pressure on accountancy firms to deliver better customer experiences and greater value to stand out from the crowd. Those accountancy firms that can provide global services at scale are the ones that will be able to retain and build their client portfolio. To alleviate these challenges, accountancy firms could boost their bottom line and optimise customer experiences in collaboration with a payments company.

article thumbnail

This is What PwC is Paying Its Audit Interns in 2025

Going Concern

Don’t know if this is particularly newsworthy but we happened across this PwC posting for audit interns and thought hey, it might be neat to look back on this ten years from now and see it’s barely increased at all just how much it’s increased since the good old mid-’20s. Assuming this website still exists in 2035, that is. So in 2025, PwC is paying summer interns $30.75 – $40.75.

audit 57
article thumbnail

How Unify Turned Month-End Mayhem Into a Growth Party With Automation!

By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

article thumbnail

Baker Newman Noyes to be led by board of directors

Accounting Today

The Top 100 Firm is retiring the role of managing principal and adopting the new leadership structure on Jan. 1, 2025.

72
article thumbnail

R&D Tax Credit Update: Best Practices for Filing Requirements and Amended Claims

Cherry Bekaert

With the release of the revised Form 6765, there are significant changes of which businesses claiming the R&D Tax Credit need to be aware of. The new Form 6765 requires more detailed information regarding the R&D projects being performed, which can be complex and time-consuming to file accurately. Additional changes were also recently made for companies filing amended returns.

Tax 52
article thumbnail

Warehouse Wednesday: Acumatica In-depth Part 2

Insightful Accountant

This is a prologue of Murph's second part of his in-depth series on Acumatica. this summary reports on the retail and eCommerce capabilities of Acumatica ERP including numerous eCommerce integrations and integrated POS offerings.

Retail 52
article thumbnail

IRS Direct File Tool Now an Option for New Mexico Residents

CPA Practice

By Kylie Garcia The Santa Fe New Mexican (TNS) Aug. 5—New Mexico is now the fourth state that can use the IRS’s new system for filing federal taxes, which officials believe will make the 2025 tax season easier and save people time and money. After conducting successful pilots in 12 states last year, the U.S. Treasury Department and the IRS announced the Direct File system as a permanent option in May and invited all 50 states to jump on board.

article thumbnail

Digital Transformation in Accounting: Why It’s Essential for Modern Firms

Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.

article thumbnail

August's QB Talks is our ProAdvisor Roundtable

Insightful Accountant

This month's edition of QB Talks is a ProAdvisor Roundtable featuring some of our 2024 ProAdvisor Top Award Recipients. Murph and Gary will be hosting this informative discussion with leading ProAdvisors.

52
article thumbnail

Preparing for Auditors: Best Practices and Key Workpapers for Long-Term Debt, Accounts Payable, and Accrued Liabilities

LSLCPAs

LSL Webinar ‘Back to Basics | Lighten Your Year-End Load: Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Ease’ presented by LSL Manager Jayme Lambert, CPA, and Supervisor Monica Fernandez outlined how local government finance departments can start the new fiscal year with ease by staying ahead of the game by addressing challenges proactively.

article thumbnail

Crowe Adds Cyber Advisory Firm Sylint Group

CPA Practice

Top 15 accounting firm Crowe has added Sylint Group, a Sarasota, FL-based cybersecurity advisory firm that has extensive experience in dealing with cyber incidents and precedent-setting court cases. Crowe said the deal will enhance and expand its offerings across the firm’s forensics and legal consulting and cybersecurity businesses and boost its incident response services.

Legal 52
article thumbnail

Tackling Long-Term Debt, Accounts Payable, and Accrued Liabilities in Governmental Agencies: Understand the What, How, & Why

LSLCPAs

LSL Webinar ‘Back to Basics | Lighten Your Year-End Load: Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Ease’ presented by LSL Manager Jayme Lambert, CPA, and Supervisor Monica Fernandez outlined how local government finance departments can start the new fiscal year with ease by staying ahead of the game by addressing challenges proactively.

article thumbnail

2024 Annual Trends Survey: Expense Management Insights

Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

article thumbnail

5 Reasons Your Small Business Needs an Accounting System

Ronika Khanna CPA,CA

This is a transcript from my YouTube Video on 5 Reasons Why Your Business Needs Accounting System Hello everyone! Today, I want to dive into a crucial topic for small business owners: accounting systems. Whether you’re just starting out or have been in business for a while, understanding the importance of an accounting system is essential for your success.

article thumbnail

LiveFlow Launches Xero Integration

CPA Practice

Financial automation platform LiveFlow has integrated with Xero, enabling businesses and accounting firms to streamline financial planning and analysis (FP&A), consolidate financial data, and easily visualize their financials. “We are thrilled to launch our integration with Xero,” Anita Koimur, COO and co-founder of LiveFlow, said in a statement.

article thumbnail

IRS News: IRS Provides Extension Filers Summertime Help Ahead of October Deadline

Insightful Accountant

The IRS has encouraged taxpayers who requested an extension of time to file their taxes to consider using IRS Free File and other resources on IRS.gov to help them file over the summer rather than waiting for the October deadline.

Tax 52