Acterys
OCTOBER 29, 2024
Collaborative planning and forecasting brings business leaders together to evaluate historic business performance against changing circumstances and create a plan for future success. Yet despite producing more data than ever before, many organizations still struggle to unlock its full potential. Instead of driving smarter decision-making, data often remains underutilized due to issues with access and clarity.
Going Concern
OCTOBER 29, 2024
This post is for the employers. If you’re a job seeker you can ignore this. With many of the big firms having called their people back to the office three or more days a week, more professionals than ever are on the hunt for remote work. Adding to this flood of jobseekers in the accounting space is the worrying trend of layoffs which you’d think would make things great for hiring managers.
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CPA Practice
OCTOBER 29, 2024
GBQ Partners, a full-service accounting firm with over 300 professionals across multiple Ohio offices, has established itself as a trusted advisor to clients in construction and various other industries. With the implementation of the new lease accounting standards under ASC 842, GBQ faced significant challenges in helping their construction clients navigate these complex changes.
Withum
OCTOBER 29, 2024
Buying a dealership requires much more capital than many dealers have access to through traditional channels. A growing number are partnering with investment firms that provide that capital to grow. Those firms often take an equity stake in the growing dealership group. “We have seen a surge of interest in an equity investor,” says Stuart McCallum, Partner and Dealership Services and Practice Leader.
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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.
CPA Practice
OCTOBER 29, 2024
Global revenue for PwC grew 3.7% in local currency terms and 4.3% in U.S. currency terms to $55.4 billion during its 2024 fiscal year that ended June 30, the Big Four accounting firm said on Monday. PwC’s 4.3% revenue growth is slightly larger than the 3.8% and 3.6% year-over-year growth shown by its Big Four counterparts, EY and Deloitte , respectively, this year.
ThomsonReuters
OCTOBER 29, 2024
The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. In many jurisdictions, you must now ensure that your assessment is correct at the moment of the transaction, if not before. There’s no time to review it and reconcile it later.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 29, 2024
A new pass-through field operations unit announced in fall 2023 has officially started work in the IRS’s Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities, the tax agency said on Oct. 22. Pass-through organizations—including large partnerships, S corporations, and trusts—will be in the crosshairs of the new work unit within LB&I.
Anders CPA
OCTOBER 29, 2024
Guillermo and Brett are joined by Kevin Brooks, CEO of Conception Nurseries. They break down cannabis cultivation, particularly tissue-culture services. Kevin shares his journey from the tech industry to cannabis, emphasizing the importance of tissue culture in providing clean, consistent plant genetics. He discusses the challenges in the cannabis supply chain and the benefits of outsourcing mother plant cultivation.
CPA Practice
OCTOBER 29, 2024
Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform. With Lili Connect, partner companies can help their small business customers manage their financial needs in one place with Lili’s unique offerings—including a business che
TaxConnex
OCTOBER 29, 2024
Previously, we gave an overview of how IT and telecom companies have special challenges regarding sales tax and regulatory compliance because of what such companies sell. Sales tax compliance for technology is about definitions of what you sell, and about whether what you sell, for various reasons, is taxable or non-taxable. IT and telecom companies, for example, must determine if they sell Software as a Service (SaaS), an information service or a strictly telecom service.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
CPA Practice
OCTOBER 29, 2024
Propense , a SaaS platform utilizing AI technology to improve client experiences and drive cross-selling revenue for professional services firms, announced today a significant investment from Thomson Reuters Ventures to propel its growth. The investment enables Propense to continue advancing its proprietary cross-selling technology by developing innovative, human-centered AI solutions designed to help firms predict client needs and use the full breadth of their offerings to serve clients and ma
Withum
OCTOBER 29, 2024
Contracted FedEx routes are a popular business that aspiring entrepreneurs often seek to acquire using financing from SBA 7(a) loans. FedEx routes present a business opportunity to leverage an established national brand with a predictable income stream that comes with fixed contracts. Routes can be added over time to expand operations and increase scalability.
CPA Practice
OCTOBER 29, 2024
The Financial Accounting Standards Board (FASB) issued a plan on Oct. 29 to modernize guidance on the accounting for software costs, which the board said would enhance the transparency of an entity’s cash flows related to internal-use software costs. Richard Jones “During our 2021 agenda consultation, stakeholders expressed the desire for updated accounting guidance that better aligns with how software is developed,” FASB Chair Richard Jones said in a statement.
BurklandAssociates
OCTOBER 29, 2024
Recent additions to Burkland’s cash runway extension toolkit include a free runway calculator and a customizable treasury policy template. The post Measure & Extend Your Startup’s Cash Runway appeared first on Burkland.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
CPA Practice
OCTOBER 29, 2024
FinQuery , a provider of AI-powered solutions built to efficiently manage companies’ largest areas of spend, today announced the launch of FinQuery Contract Management (FCM) with Prepaids and Accruals. This solution empowers businesses to automate accounting for prepaid and accrued expenses stemming from contracts such as software, services, utilities, insurance and short-term leases, in addition to streamlining contract management for finance and accounting teams.
Accounting Today
OCTOBER 29, 2024
Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.
CPA Practice
OCTOBER 29, 2024
Top 200 accounting firm Herbein + Co. has established its first location in Delaware after acquiring Bumpers & Co., a Wilmington, DE-based full-service accounting and advisory firm, effective Oct. 28. Financial terms of the deal weren’t disclosed. Bumpers’ managing partner, Douglas Kook, director Chadwick Milton, and the firm’s team of 18 professionals will remain at their current Wilmington location, which will become a new Herbein office.
Accounting Today
OCTOBER 29, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update to update the guidance on accounting for software, specifically when it comes to developing software for internal use.
Speaker: Gerald Ratigan
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
CPA Practice
OCTOBER 29, 2024
By Mark Thomas. As you embark on your career journey into the world of accounting, you’ll find that your first years can be full of twists and turns. While some of you may seamlessly land a dream role right out of school, others might navigate through multiple positions before discovering their true professional passion. Amidst this exploration, it becomes crucial for you to refine your approach to personal finances so you can confidently manage the financial realities of adult life.
Accounting Today
OCTOBER 29, 2024
Thomson Reuters has made a major investment in Propense, an AI-powered cross-selling solution, which will enable the company to expand its reach among CPA firms.
CPA Practice
OCTOBER 29, 2024
Professionals on the Move is a round-up of recent hiring and staffing announcements from around the profession. KPMG Announces New Leaders KPMG recently announced that Rob Fisher, who has been leading KPMG’s sustainability practice, is moving to a new role as the US Consulting Sector Leader for Financial Services and Insurance. Maura Hodge will be taking over as the new KPMG US Sustainability Leader.
Accounting Today
OCTOBER 29, 2024
The increasing amount of investment from private equity firms in the accounting profession is transforming the ways accountants pursue their careers, according to a new report.
Speaker: Sean Yoder
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
CPA Practice
OCTOBER 29, 2024
Artificial intelligence (AI) is changing industries worldwide. A recent survey found that 90% of respondents are using AI to some extent, but this doesn’t mean that everyone is sitting at their desks and putting all of their work duties on autopilot. Like other software, AI is helping streamline some tasks and is used as an aid for many in the accounting industry.
Accounting Today
OCTOBER 29, 2024
Job and wage growth continued at a moderate pace among small businesses in October, likely slowed by the impact of recent hurricanes down south, according to payroll company Paychex.
CPA Practice
OCTOBER 29, 2024
Intuit Inc. the global small business and personal financial platform that makes Intuit TurboTax , Credit Karma , QuickBooks , Mailchimp , and several technologies for tax and accounting professionals, released new innovations at its annual Intuit Connect conference to serve the accounting community and business customers through the company’s AI-driven expert platform.
Accounting Today
OCTOBER 29, 2024
The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.
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
CPA Practice
OCTOBER 29, 2024
Few things have created more discussion and disruption in the profession than the current confluence of private equity’s entry into the accounting world with the ongoing talent shortage. But this story goes beyond just the financial implications. “While the influx of cash is grabbing headlines, we believe the real story is how this new structure will transform firm dynamics and career opportunities for its team members, particularly women and people of color,” said Bonnie Buol Ruszczyk, Accounti
Ace Cloud Hosting
OCTOBER 29, 2024
Lacerte is a renowned professional tax preparation software offered by Intuit. It provides features and tools for error diagnosis, automated calculations, tracking missing data, tax law alerts, and more. It.
Accounting Today
OCTOBER 29, 2024
Foreign gifts and penalties; FBARs and the Constitution; contention and confusion; and other highlights from our favorite tax bloggers.
Insightful Accountant
OCTOBER 29, 2024
Cyngn is bringing autonomous warehouse robots into reality just like Tesla is bringing autonomous commercial vehicles into reality.
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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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