CPA Practice

MARCH 20, 2024

By Davis Bell. Structuring client engagements is one of the most critical aspects of running your practice. A thorough engagement letter acts as a roadmap – outlining services, enabling your firm to standardize its service pricing, and setting client expectations in addition to establishing the cash flow and revenue cycle for your firm. If your experience to date tells you this is easier in theory than practice, this eight step plan for developing your firm’s pricing strategy and engagement stru

Legal 114

Legal Account accountant accounted 114

SMBAccountant

MARCH 20, 2024

In today's digital age, the convenience of instant money transfers has become a staple in our daily lives, thanks to platforms like Venmo, Cash App, and Zelle. While these apps excel in peer-to-peer transactions, they may fall short when it comes to meeting the needs of small businesses seeking reliable payment solutions. Despite their widespread popularity, these platforms pose limitations and risks that can significantly impact business operations and financial security.

accounting and finance 130

accounting and finance accounting software Legal Tax 130

CPA Practice

MARCH 20, 2024

Over the last several years, many unscrupulous tax credit promoters that marketed misleading information about the Employee Retention Credit (ERC). To counter those bad actors, the Internal Revenue Service is urging businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.

Government 119

Government Tax payroll audit 119

Accounting Today

MARCH 20, 2024

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share their biggest concerns for the year ahead.

Account 140

Account accountant accounted Technology 140

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Anders CPA

MARCH 20, 2024

St. Louis startups and their funding sources are an integral part of the city’s revitalization as they bring jobs and innovation to the region. As the startup scene struggles with post-COVID recovery, rising inflation, high interest rates and other compounding economic factors, the Anders Startup and Entrepreneurial Services team surveyed area founders and funding sources to weigh in on the impacts.

CPA 113

CPA 113

Accounting Today

MARCH 20, 2024

The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.

Account 115

Account accountant accounted audit 115

Cherry Bekaert

MARCH 20, 2024

The National Academy of Public Administration’s Agile Government Center Coordinator, G. Edward DeSeve , joined Cherry Bekaert’s Advisory Leader, Srikant Sastry , in a conversation with Nick Hart, the current president and CEO of the Data Foundation. In this episode, Ed and Srikant discuss the Organisation for Economic Co-operation and Development’s (OECD) Trust in Government Framework.

Government 98

Government Technology 98

CPA Practice

MARCH 20, 2024

The Securities and Exchange Commission has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “ GAAP Taxonomy ,” the Financial Accounting Standards Board (FASB) said on March 19. In addition, the FASB finalized the 2024 DQC Rules Taxonomy (DQCRT). The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos. 33-110

accounting principles 105

accounting principles accounting standards income tax Tax 105

Insightful Accountant

MARCH 20, 2024

The introduction of Microsoft 365 Copilot, the powerful new AI assistant integrated across Microsoft's productivity apps, promises to transform the way professional firms operate, including accounting and tax practices.

Tax 97

Tax Account accountant accounted 97

Accounting Today

MARCH 20, 2024

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.

Tax 115

Tax 115

Advertiser: Paycor

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Insightful Accountant

MARCH 20, 2024

Tax pros: With the IRS hiring thousands of revenue agents, the agency encourages members of the tax professional community to consider applying for one of the many career opportunities

Tax 88

Tax 88

AccountingDepartment

MARCH 20, 2024

QuickBooks Online makes a chart of accounts accessible, but it's up to you to tailor it to your business's unique structure and financial tracking needs.

quickbooks 91

quickbooks Account accountant accounted 91

Insightful Accountant

MARCH 20, 2024

During this year's Sage Transform event, one of the big announcement was the incorporation of Fixed Asset Management into Intacct.

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98

Withum

MARCH 20, 2024

On February 27, 2024, as part of President Biden’s Investing in America Agenda, the United States Department of Energy announced funding of $366 million for 17 projects across 20 states and 30 tribal nations to improve access to reliable, affordable energy for areas located in or adjacent to disadvantaged communities that are disproportionally overburdened by pollution and historically underserved.

Mississippi 72

Mississippi South Carolina North Carolina Kentucky 72

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Going Concern

MARCH 20, 2024

About a year and a half after Saint Peter’s University and PwC announced a fresh new partnership to allow accounting grads to get their 150 units for CPA licensure through work experience, Rider University in Lawrence Township, New Jersey has announced their own twist on work-for-credit. The Rider University CPA Apprenticeship Program, announced here on March 11, allows new graduates to earn the required 150 units for CPA licensure in New Jersey through coursework and real-world profession

New Jersey 67

New Jersey CPA cpas public accounting 67

CPA Practice

MARCH 20, 2024

The National Retail Federation has released a forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. The announcement was made during NRF’s fourth annual State of Retail & the Consumer virtual discussion on the health of the American consumers and the retail industry. “The resiliency of consumers continues to power the American economy, and we are confident there will be moderate but steady growth through the end of the year,” NR

Sales 64

Sales Retail Government 64

Accounting Today

MARCH 20, 2024

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

Account 68

Account accountant accounted 68

Accounting Insight

MARCH 20, 2024

Changes to HM Revenue and Customs’ (HMRC) helpline services are being halted while it considers how best to help taxpayers harness online services. HMRC announced changes to its helpline services yesterday (19 March 2024) to encourage people to go online first, following trials over the last year. HMRC is now halting its plans in response to the feedback while it engages with its stakeholders about how to ensure all taxpayers’ needs – including small businesses – are met as HMRC shifts more

Tax 59

Tax Account accountant accounted 59

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

Summit CPA

MARCH 20, 2024

As a hybrid firm , not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.

bookkeeping 59

bookkeeping Tax Account accountant 59

Accounting Today

MARCH 20, 2024

How can your company achieve financial well-being? The key is to invest in tech solutions.

Technology 88

Technology Account accountant accounted 88

Reckon

MARCH 20, 2024

If you’re either already running your own business or gearing up – one of the more important statements you can produce is a cash flow statement. Cash flow is the life blood of your business and critical to being able to pay debts and survive, nay, thrive. Poor cashflow is often cited as the most critical factor for businesses to prosper. Let’s unpack this critical aspect to business management.

accounting software 52

accounting software accounting and finance Finance Maine 52

Ryan Lazanis

MARCH 20, 2024

Having a sales process that gets the job done can be tough. In this episode, I explained what mine looks like and why I made it that way. The post What My Firm’s Sales Process Looked Like appeared first on Future Firm.

Sales 52

Sales Account accountant accounted 52

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

ThomsonReuters

MARCH 20, 2024

When it comes to Single Audits of local governments, nonprofits, school districts, and HUD engagements, auditors must navigate through a complex set of rules that are constantly changing. In addition, trying to identify which federal awards need auditing and sifting through extensive federal guidance to locate, compile, and execute the necessary audit procedures, can be significantly time-consuming.

audit 52

audit auditor cpas financial statements 52

CPA Practice

MARCH 20, 2024

By Jack Prator, Tampa Bay Times (TNS) Pinellas deputies have arrested a woman who is accused of stealing more than $710,000 from her Palm Harbor employer over several years. The investigation began in December 2022 after the president of Inspecs USA, an eyewear manufacturing business, told authorities that his company’s accountant, Monika Hladik of Clearwater, had been writing company checks to herself and forging his signature.

Florida 52

Florida Account accountant accounted 52

Withum

MARCH 20, 2024

Download a PDF of this case study Executive Summary A custom uniform sporting goods manufacturer sought to optimize its operations by implementing NetSuite. Withum’s CRM and ERP Consulting Services team collaborated with the client to maximize NetSuite’s capabilities, streamline processes and enhance efficiencies. The Client The New Jersey-based, family-owned company manufactures locally to support youth soccer and sports programs.

NetSuite 52

NetSuite Sports E-commerce Manufacturing 52

Patriot Software

MARCH 20, 2024

Being a sole proprietor is a rewarding, but challenging, journey. Many sole proprietors view managing finances as one of the most challenging tasks. But thanks to accounting software for sole proprietors, financial management (and analysis) has gotten faster and easier.

accounting software 52

accounting software Account accountant accounted 52

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

CPA Practice

MARCH 20, 2024

AuditBoard , a cloud-based platform transforming audit, risk, compliance, and ESG management, has formed a strategic alliance with KPMG LLP, the audit, tax, and advisory firm. Through this alliance, organizations will be able to leverage the combined power of AuditBoard’s award-winning connected risk platform and KPMG’s deep expertise to elevate audit, risk, IT security, and ESG programs, and help businesses better manage growing risk challenges.

audit 52

audit Technology B2B Tax 52

Shay CPA

MARCH 20, 2024

2024 is already well underway, but we’re definitely still early enough into the year that it could go any direction. To help our team and clients prepare for what this year will bring, we’ve spent some time thinking about changes coming down the pipe. As we zoomed out and looked ahead, we identified three trends that will likely play a big role in the accounting industry — and financial best practices in general — through the rest of 2024.

Technology 52

Technology Account accountant accounted 52

CPA Practice

MARCH 20, 2024

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added home office deduction filing guidelines to Instead and Instead Pro. A home office deduction allows for the deduction of expenses related to a portion of a home that is used exclusively and regularly for business operations or activities.

Tax 52

Tax accounting firms Account accountant 52

ThomsonReuters

MARCH 20, 2024

Tax professionals involved in omnichannel retail industries face an unprecedented number of challenges these days. Calculating sales tax across different retail channels is complex due to various regulations, frequent changes in product data, and outdated systems, especially with increasing sales volume and shrinking budgets. These issues and more were discussed by tax and trade experts in a recent webinar hosted by Thomson Reuters “ Empowering retailers to thrive and modernize tax management in

Retail 52

Retail Tax Technology auditor 52

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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