Wed.Jul 12, 2023

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Cybersecurity for CPAs: When you are the data breach

Accounting Today

In July's Cybersecurity for CPAs we learn the importance of never, ever, EVER losing that USB stick your client gave you.

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Stop compliance leaks: Why employees need to love your procurement software.

Airbase

A recent survey of global CFOs identified risk controls and compliance as top concerns for 2023 — right behind cash flow. So, here’s the dilemma: finding the right balance to enforce compliant spending without slowing down or frustrating employees. It’s a difficult balance to achieve. Consider this scenario: A procurement executive wants to improve company-wide compliance with purchasing policies, so they invest in a highly engineered, sophisticated procurement solution.

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Trending Sources

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Vertical Analysis: What It Is and How It Can Help You

Acterys

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. Vertical analysis evaluates financial statements that will help you simplify a document containing complex numbers and figures.

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Another Fine ProAdvisor Mess.

Insightful Accountant

Have you gotten an email saying your ProAdvisor status expired June 30, even though you passed recertification? Well, I did.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Digital Marketing Strategies for Financial Service Providers: Best Practices and Case Studies

CPA Practice

By Marly Broudie. In this digital age, financial service providers need to embrace digital marketing strategies to remain competitive, expand their online presence, and generate quality leads. With the ever-increasing number of online users, leveraging the power of digital marketing can significantly enhance their visibility, attract a wider audience, and ultimately drive business growth.

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IRS mails incorrect collection notices to taxpayers in disaster areas

Accounting Today

The Internal Revenue Service has been sending out erroneous balance due notices demanding taxpayers in federal disaster areas pay up, even though they're supposed to get extra time.

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More Trending

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New IMA chair works on leadership transition

Accounting Today

The Institute of Management Accountants' chair for fiscal year 2024, Richard Brady, is helping the organization as it transitions from its longtime president and CEO, Jeff Thomson, to a new one, Mike DePrisco.

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Withum and PSN Present: Esports Player Care On-Demand Webinar

Withum

In this exciting webinar, Withum, Full Sail University, the NECC, and Guild Esports will dive into the duty of care that the Esports industry has to its athletes and global audience! There have been few industries that have seen growth as rapid as collegiate and professional Esports. With total market investments reaching billions of dollars, Esports is becoming a revolutionary means of competition and entertainment.

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Vendor Spotlight: Pilot

Accounting Today

This week's Vendor Spotlight features Waseem Daher, co-founder and CEO of bookkeeping solutions provider Pilot.

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Senators Get Angry at ‘Incompetent Tax Prep Firms’ for Sharing Sensitive Taxpayer Data With Facebook

Going Concern

A 54-page report by Senators Elizabeth Warren (D-MA), Ron Wyden (D-OR), Richard Blumenthal (D-CT), Tammy Duckworth (D-IL), Bernie Sanders (I-VT) and Sheldon Whitehouse (D-RI) snaps at online tax prep companies H&R Block, TaxAct, and Tax Slayer for sharing sensitive taxpayer data with Meta (Facebook) and Google for purposes of algorithm-based advertising.

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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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Jirav raises $20M

Accounting Today

Among other improvements, the financial planning and analysis software company plans to use the money to double its accounting channel team.

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Small businesses face many challenges in 2023, including hiring and retaining skilled employees. Nevertheless, according to a recent National Federation of Independent Business (NFIB) Job Report , small business owners are working hard to fill their open positions, with 63% reporting hiring or trying to hire. Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemploymen

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Where the money is: Top tax takes by state

Accounting Today

See which 20 states grew their tax revenue the most last year.

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How to Read and Interpret Financial Reports for Your AEC Firm

GrowthForceBlog

7 min read You may be an AEC industry (Architecture, Engineering, and Construction) professional by trade, but if you're running an AEC firm, then you must also be adept at business financial management; working as an architect or engineer is one job, but running an AEC firm is another.

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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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Senate duo proposes juiced-up consumer protection in crypto bill

Accounting Today

A bipartisan duo, Sens. Cynthia Lummis and Kirsten Gillibrand, unveiled their latest effort to regulate the cryptocurrency industry.

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Still More Top 100 Clues from Our Award Recipients

Insightful Accountant

Continuing with his 'Clues about Top 100 2024' series, Murph examines what another award recipient's formal application reveals about the 'quest for the best.

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Home Values Reach New High

CPA Practice

The typical home value eclipsed $350,000 for the first time ever as healthy demand from buyers continues to collide with reluctant sellers, according to the latest Zillow Market Report. “Home buyers have persisted this spring despite daunting affordability challenges and record-low inventory,” said Jeff Tucker, senior economist at Zillow. “Demand typically begins to ease in the summer, and there are signs that competition is waning, but large price declines are unlikely until more homeowners lis

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IRS probes Puerto Rico tax breaks

Accounting Today

U.S. prosecutors and IRS agents are looking to build cases against individuals suspected of illegally taking advantage of breaks that lured crypto traders and fund managers.

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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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Travel Woes: 77% of Travelers Faced Problems this Year

CPA Practice

More than 3 in 4 travelers (77%) who have taken an overnight trip outside their local area this year experienced at least one travel-related issue, according to a new Bankrate report. More than half of travelers (53%) cited encountering higher prices than they’re accustomed to, making it the most common problem, followed by long waits (25%, including airport security, restaurant tables, etc.), poor customer service (24%), canceled/disrupted plans (23%), and hard to find availability (23%).

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Cutting Costs in Your Skagit County Business Right Now

SkagitCountyTaxServices

Though things might be tight economically for your Skagit County business, keep in mind, cutting corners can become a real issue. Take for example fake reviews that are so pervasive online. Some business owners are tempted to buy reviews to get their product or service seen online. If you’ve ever done that or been tempted to do that, let me just say: DON’T.

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How To Enhance Your Advisory Services During The Summer Months

CPA Practice

Summer is a nice break from the busy season when staff often work 55 – 58 hours a week and partners often push 80+ hours. You’ll find that work is slower and you may even struggle to keep your team busy. Seasonal fluctuations are a part of life in accounting, but don’t let this downtime go to waste. Take this time to enhance your advisory services. With that, where should you begin?

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Jirav Announces $20M Series B Round Led By Cota Capital

Insightful Accountant

Funding follows period of record growth as the company empowers SMBs and mid-market companies with financial insights to navigate the uncertain economic landscape.

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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.

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Supply Chain Risks Likely to Continue

Dent Moses

S&P Global recently released a report titled “Look Forward: A World in Disruption.” The report details all the risks to the global economy and supply chain. The world is in more debt than ever before with the total estimated at $300 trillion or $37,500 for every person in the world compared to GDP per person of $12,000. The low interest rate environment encouraged many companies to leverage instead of raising equity.

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Firms Are Making Big Expansions in India

Going Concern

Thanks to Reuters we’ve got some solid intel on accounting firms’ increasing their presence — and therefore headcounts — in India, expanding out from city centers and into smaller cities and towns. We’ve known for some time that offshoring has exploded in recent years, now we know there’s much more room to grow. 1,269,219 square miles to be exact.

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Every Firm Should Implement This Marketing Strategy

Ryan Lazanis

An effective marketing scheme is one of the common struggles of modern firms. In this podcast, I shared a crucial marketing strategy that every single firm should adopt, the reasons why you should have it, and provide practical steps to execute it successfully. Listen Below. 0:37 – Every business should adopt a fundamental marketing tactic: the consistent distribution of an email newsletter to engage with clients, prospects, and leads. 1:08 – Once you establish an appropriate framewo

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SmartVault SmartRouting Feature Optimizes Document Organization for UltraTax CS Users

CPA Practice

SmartVault, a leading provider of an integrated, cloud-based document management system (DMS) and client portal platform, has launched SmartRouting, a feature that creates logical, effortless organization between Thomson Reuters UltraTax CS tax application and SmartVault. This seamless integration enables users to print and automatically route documents like tax returns from UltraTax CS directly to the correct folder in SmartVault.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Ryan acquires MJI Consulting

Accounting Today

The tax services and software provider has made another acquisition in the property tax area.

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Jirav Announces $20M Series B Round Led By Cota Capital

CPA Practice

Jirav , an all-in-one financial planning and analysis (FP&A) solution, and the preferred budgeting and forecasting partner of CPA.com, has announced $20M in Series B funding led by Cota Capital. Jirav will use the funds to further accelerate product development, broaden its customer base across small-medium businesses (SMBs), mid-market companies, and accounting firms while hiring exceptional talent to support its growth.

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What is Required Audit Communication?

Withum

You’re a private rental real estate entity. You may own one building and have two investors or hundreds of buildings with a hundred investing partners. The buildings you own may be commercial, residential, or both. Whatever the case may be, you may need an audit of your financial statements. This could be by the request of your investors or even required by your lending institution as part of your loan covenants for that large mortgage on your books.

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Boomer Consulting Announces Arianna Campbell and Jon Hubbards Appointments

CPA Practice

Boomer Consulting, Inc., a leading consulting firm specializing in advising accounting firms and technology providers, is pleased to announce the appointment of Arianna Campbell as Chief Operating Officer (COO) and Jon Hubbard as Chief Growth Officer (CGO). These new roles are in addition to existing shareholder roles: Jim Boomer, Shareholder and Chief Executive Officer, Sandra Wiley, Shareholder and President, and Marc Staut, Shareholder and Chief Innovation and Technology Officer and L.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.