Accounting Today
DECEMBER 4, 2023
Artificial intelligence speeds up the time it takes junior staffers to make it to the prestigious partner level as the technology eliminates vast swaths of the repetitive, time-consuming tasks that typically filled up their first few years on the job.
Accounting Insight
DECEMBER 4, 2023
Lydia founded BookSmart Accounting at the start of 2021 and has grown the business to a team of five with 200+ SME clients. Before starting her own company Lydia had worked in accountancy practice and finance roles in industry for over 15 years. We caught up with the trail-blazer herself… How did you get into the profession? I was temping through an agency at 18, they moved me from an admin role to a finance team and I fell in love with the work.
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Accounting Today
DECEMBER 4, 2023
The Internal Revenue Service needs to do a better job of keeping track of employees who are arrested by law enforcement and notifying their colleagues, according to a new report.
Insightful Accountant
DECEMBER 4, 2023
What Does It Take To Be Recognized in the 2024 ProAdvisor Awards? It Takes You Participating! If you've been nominated you should have gotten an email taking you to the Formal Application. Don't ignore or loose that Email!
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
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
Accounting Today
DECEMBER 4, 2023
Kande has been the firm's global advisory leader since 2019 and also currently serves as co-leader of the U.S. Consulting Solutions side, where he has been involved in the firm's artificial intelligence efforts.
Going Concern
DECEMBER 4, 2023
Morning! Here’s some news I scraped up, kinda dead out there. Bloomberg talks about Big 4 firms implementing AI. Funny Bberg framed it as a fast track to partner considering how few people actually want to be partners these days. There’s a whole discussion to be had about how repetitive grunt work in your early years actually serves a purpose but we’ll save that for another day.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
DECEMBER 4, 2023
By Joey Solitro, Kiplinger Consumer News Service (TNS) The Social Security Administration (SSA) released a report revealing its overpayment problem worsened in October, now standing at $23 billion. The newly released Agency Financial Report showed that the SSA made $11.1 billion in overpayments—accidentally paying beneficiaries too much—and $2.5 billion in underpayments to beneficiaries in fiscal year 2022, up from $6 billion in overpayments and $1.4 billion in underpayments in fiscal year 202
Accounting Today
DECEMBER 4, 2023
The five S&P 100 companies with the highest overall tax rates paid an average of 43.32% in 2022.
Insightful Accountant
DECEMBER 4, 2023
According to the Intuit QuickBooks Small Business Index, November, 2023 saw US small business employment decrease by 36,800 jobs to 13,244,300 people.
Going Concern
DECEMBER 4, 2023
Check out this brutal honesty in CPA Journal today: The message conveyed is that firms will work you to death with minimal pay increases, there is little long-term career pay-off for the majority of new hires, and the work is mundane and boring. OK, context. The article “ What Can the Profession Do? ” is predominantly about the profession’s diversity problem and how despite “decades of effort” to diversify accounting programs and CPA firms, Black representation is s
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Accounting Today
DECEMBER 4, 2023
An anonymous tipster helped the agency catch more than 100 high net worth individuals who paid a combined $71 million in previously avoided taxes.
Xero
DECEMBER 4, 2023
It’s no secret that businesses are always looking for ways to work smarter and faster. In fact, according to a recent survey of finance professionals commissioned by Avalara , 71% are investing in more tools and solutions to close overall efficiency gaps. When it comes to manual tasks, there are few that are more burdensome than sales tax. There are more than 13,000 jurisdictions across the US, so sifting through them all and making sure you’re selecting the right ones for your business can be a
CPA Practice
DECEMBER 4, 2023
The AICPA has developed a comprehensive set of criteria to help increase transparency around stablecoins, a type of digital asset backed by traditional currency or other types of assets. The document will provide the first framework of its kind to those issuing stablecoins, backed by fiat currency, to report relevant information to stakeholders and will provide the basis for attestation services around this asset class.
Accounting Today
DECEMBER 4, 2023
Moore v. U.S. could "basically get rid of, I don't know, a third of the tax code," former House Speaker Paul Ryan has said.
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CPA Practice
DECEMBER 4, 2023
By Greg Stohr, Bloomberg News (TNS) Democratic dreams of imposing a wealth tax on the richest Americans risk being snuffed out by the US Supreme Court in a dispute over a $14,729 bill. Calls to tax assets in addition to income have grown since Senator Elizabeth Warren ran for the White House on the issue in 2020, with President Joe Biden’s 2024 budget requesting a “billionaire minimum tax” to ease the federal deficit.
Withum
DECEMBER 4, 2023
On December 5, 2023, the U.S. Supreme Court will hear oral arguments in Moore v. United States , an appeal from a decision from the 9 th Circuit U.S. Court of Appeals which, held that the Transition Tax under Section 965 of the Internal Revenue Code was a constitutional tax. Moore involved individual taxpayers who challenged the constitutionality of the Transition Tax as it violated the 16 th amendment since it was a direct tax on income which has not been apportioned among the states.
Accounting Today
DECEMBER 4, 2023
The tool is a product of Marcum Technology's innovation incubator, Marcum Labs, and is embedded within Microsoft Teams.
CPA Practice
DECEMBER 4, 2023
Top 15 accounting firm Marcum has launched AskMarcum.ai , a generative AI tool powered by Microsoft Azure OpenAI Service. Developed by Marcum Technology’s innovation incubator, Marcum Labs, this new tool is embedded within Microsoft Teams to be used exclusively by firm employees. Embedding a custom generative AI interface into Teams extends its accessibility and functionality as a secure AI tool for Marcum employees to use at their desks and on mobile devices, the firm said on Dec. 4.
Advertiser: Paycor
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Accounting Today
DECEMBER 4, 2023
A former Freshfields Bruckhaus Deringer attorney advised top investment banks on how to navigate the "Cum-Ex" trading strategy at the center of Europe's biggest tax scandal.
CPA Practice
DECEMBER 4, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F. Tankersley, CPA.CITP, CGMA. Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley.
Accounting Today
DECEMBER 4, 2023
The case coming before the court stems from a 2017 tax law provision that aimed to collect hundreds of billions of dollars on earnings accumulated and held overseas by big multinational companies.
CPA Practice
DECEMBER 4, 2023
Harnessing the power of GenAI, transformation of practice areas, building capacity and a sharp focus on leadership and talent strategies are the key themes being discussed at this week’s 2023 Digital CPA conference, an event for forward-thinking accounting professionals. The rapid emergence of GenAI-enabled solutions was front and center for CPA.com president and CEO Erik Asgeirsson who believes the technology “presents enormous opportunities for the accounting and finance profession.
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.
Accounting Insight
DECEMBER 4, 2023
The National Crime Agency estimates that between £36 billion and £90 billion is laundered in the UK currently. In light of this, the long awaited Economic Crime and Corporate Transparency Act has finally passed, bringing much needed reforms, including robust improvements to Companies House and its powers to verify the information that is registered there.
Menzies
DECEMBER 4, 2023
Menzies LLP - A leading chartered accountancy firm. Is it time to get your pensions pots into shape? Locating a misplaced pension fund can be a challenging task, particularly if you’ve changed jobs frequently. Recent studies by Opinium reveal that 16% of UK adults have made an effort to locate a lost or forgotten pension, with only 9% succeeding in doing so.
Accounting Insight
DECEMBER 4, 2023
Swoop for Advisors, a leading funding platform, proudly launches a package exclusively for bookkeepers, highlighting their crucial role in supporting business owners. This move underscores our commitment to recognising and empowering bookkeepers as integral players in every business’s success. “Our team at Swoop for Advisors deeply appreciates the invaluable contribution bookkeepers make to their clients.
CPA Practice
DECEMBER 4, 2023
Despite 70% of higher education leaders expressing the belief that their industry’s economic model, programming, and other operations require fundamental change, about 80% of these same leaders are confident in their own institution’s financial stability over the next decade. This and other findings are part of FORVIS’ 2024 Annual Higher Education Outlook.
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
Accounting Insight
DECEMBER 4, 2023
On the 7-8 of November, the accounting and finance profession reunited at ACCOUNTEX ESPAÑA to discuss the challenges and trends affecting the industry. Big themes included digital transformation, Artificial Intelligence, the constant legislative changes, labour management and human resources. The event, which has become the main meeting for the profession, presents an opportunity for the sector to learn about digitalisation and automation.
Insightful Accountant
DECEMBER 4, 2023
It's Future Forward time. are you ready to find out what the future holds for the accounting, bookkeeping and advisory communities? It's not too late to register for today's FREE informative 'live' sessions.
Accounting Insight
DECEMBER 4, 2023
First time award made to female-founded company Swoop has been named as the winner of the Deloitte Fast 50 for 2023 at a ceremony in Dublin’s Mansion House. Swoop w as founded by Andrea Reynolds and Ciaran Burke in 2018. It now employs 25 people in Ireland and one hundred globally. It has offices in the UK where it has five locations; Canada; US; Australia; and South Africa.
VJM Global
DECEMBER 4, 2023
Time limit of issuance of notice for GST Assessment for FY 2017 -18 lapsed on 30th September, 2023. Every industry is flooded with GST notices on various allegations including Purchase from canceled dealers, ITC reversal on exempted supplies, ITC ineligible under Section 17(5) of CGST etc. Notices are issued for FY 2017-18 till FY 2022-23. One of the issues on which thousands of MNCs have received notice is GST on salary of foreign expats paid by foreign parent companies.
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.
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