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All business leaders have to make strategic decisions. The difference between the companies that end up leading the market and the ones that fall behind can come down to how informed leaders are before making such decisions. The tech industry is powered by data, so for growing companies in the sector, having an agile, efficient and insightful financial reporting system allows them to maximise investments and scale sustainably.
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor , powered by Affinity Solutions, presented by the National Retail Federation. “Retail sales data shows that consumers continued to spend on household priorities in August,” NRF President and CEO Matthew Shay said.
Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.
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
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Tennessee Society of CPAs (TSCPA) is pleased to award $280,000 in scholarships through the TSCPA Educational & Memorial Foundation to 128 Tennessee accounting students. TSCPA Educational & Memorial Foundation scholarships are funded primarily through an endowment program known as the Life Associates Program, which was established in
In today's competitive business landscape, establishing a personal brand is essential for standing out in the construction industry. Whether you're a contractor, architect, or engineer, cultivating a professional image differentiates you from competitors and fosters trust and credibility among clients and partners. The words "personal brand" are still somewhat controversial and carry an unfortunate cast of self-promotion and vanity.
Hosts Randy Johnston and Brian Tankersley, CPA, review the Aider Advisory Intelligence Platform. Aider is for accountants and bookkeepers who want to monitor their clients’ real-time business performance and build. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
Hosts Randy Johnston and Brian Tankersley, CPA, review the Aider Advisory Intelligence Platform. Aider is for accountants and bookkeepers who want to monitor their clients’ real-time business performance and build. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Avalara , a provider of tax compliance automation software for businesses of all sizes and a member of Oracle PartnerNetwork (OPN), has announced that two of its products are now embedded in Oracle Fusion Cloud Enterprise Resource Planning (ERP). Mutual customers can now access Oracle Avalara Global Indirect Tax Cloud Service and the Oracle Avalara North America Tax Returns Cloud Service in Oracle B2B to enable touchless tax processes in Oracle Cloud ERP.
China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.
The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).
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
Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.
Deloitte is first out of the gate among the Big Four to announce global revenues for 2024 with $67.2 billion for the fiscal year ending May 31, the firm said on Thursday. That’s a 3.6% increase in U.S. dollar terms and 3.1% in local currency terms from 2023’s revenue of $64.9 billion. Deloitte is the largest accounting firm in the world by revenue, followed by PwC, EY, and KPMG.
Plus, CohnReznick expands its valuation practice, Herbein adds a director of business development, and Abdo and Mercadien each announce a wave of promotions.
Read the full article, originally published by Federal News Network, here : Cherry Bekaert’s Managing Partner of Advisory Services, Srikant Sastry, joined the President and CEO of the National Academy of Public Administration (NAPA), Terry Gerton, to discuss the key management challenges and strategies for the next U.S. administration, regardless of who is elected.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
The Treasury Department and the Internal Revenue Service issued a Notice of Proposed Rulemaking on Friday to implement Section 139E of the Tax Code, created by the Tribal General Welfare Exclusion Act of 2014, excluding from gross income the value of any Tribal general welfare benefit.
As cyber threats continue to grow and evolve, especially with the rise of artificial intelligence (AI) and sophisticated deepfakes, developing a secure cyber risk management program is crucial to the success of an organization. While cybersecurity doesn’t discriminate, and poses a threat across all industries, the professional services industry faces unique risks as firms often have access to sensitive and personal information, as well as a fiduciary responsibility to protect that information.
Well we knew this was going to happen. Various media outlets are reporting that China has banned PwC Zhong Tian (a.k.a. PwC China) from signing off on accounts for six months in relation to their sloppy work on collapsed developer Evergrande. See earlier: China’s About to Dropkick PwC Right in the Wallet Wrote AP : China’s Ministry of Finance said in a statement Friday that it was imposing 116 million yuan ($16.35 million) in fines and confiscation of illegal gains on PwC Zhong Tian, also known
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
Top 100 accounting firm Wiss announced a strategic partnership with Basis, an artificial intelligence platform for accounting firms. Basis will be deployed across the firm to enhance efficiency, reduce risk, and improve the quality of work-life balance for accountants, Florham Park, NJ-based Wiss said on Sept. 11. Basis uses cutting-edge AI, including generative AI and language models built specifically for accounting firms, to streamline workflows across Wiss.
I recently received three questionnaires asking me to reply or post how I felt about the service I received. In each case, I was extremely satisfied with the overall service, but I had follow-up encounters that required extra effort on my part or were not responded to. These encounters upset me and made me reluctant to respond to their questionnaires.
As the dependency on technology is increasing every single day, so are the cyber threats. According to the latest survey by Ani Petrosyan, as of 2023, over 72% of businesses.
We’re excited to share that DMCL’s Entertainment group partner, Donna Branston , was recently featured in CPA Canada’s Pivot magazine. In the article, Donna discusses the unique challenges of working with musicians and entertainers, including the need for flexibility, adaptability, and a deep understanding of U.S. tax regulations. Donna also shares her experiences working with high-profile clients like Bryan Adams and Tegan and Sara, offering a behind-the-scenes look at what it takes to help dri
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.
Whether you have just started your business venture or have a couple of years under your belt, navigating GST/HST can be confusing and stressful. There’s is lots of information on the internet but hard to know if it is trustworthy or comprehensive. Consequently, it's easy to make mistakes that results in time wasted or worse, unnecessary interest, penalties and letters from the government.
About CVSA The Commercial Vehicle Safety Alliance (CVSA) is a nonprofit organization comprised of local, state, provincial, territorial, and federal commercial motor vehicle safety officials and industry representatives across North America. CVSA aims to prevent commercial motor vehicle crashes, injuries, and fatalities through guidance, education, and advocacy for enforcement.
Electric cars are increasingly popular, not just for their environmental benefits, but also for their financial perks. Both employers and employees stand to gain from choosing an electric vehicle (EV) over traditional petrol or diesel cars, thanks to significant tax incentives. In this blog, we’ll explore the benefits of electric cars and break down the tax implications.
← Blog home Just as the dust finally settled from the tax law changes unleashed with the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, a new round of changes are on the horizon as the profession braces for potential sunsetting provisions, most of which would impact individual taxpayers. The passage of the TCJA in December 2017 was significant as it overhauled the tax landscape for both individuals and corporations.
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.
A model code-named “Strawberry”, part of OpenAI’s newly-released O1 product, introduces a structured planning module designed to enhance how large language models (LLMs) solve problems. Tailored for Chain-of-Thought (CoT) Reasoning While the idea of using more computation to search for optimal solutions isn’t new (e.g. this paper “Language Agent Tree Search Unifies Reasoning Acting and Planning in Language Models”), OpenAI’s Strawberry Model seems to have been tailored specifically f
By Grant Schwab The Detroit News (TNS) WASHINGTON — The U.S. House of Representatives passed a bill Thursday that would tighten requirements around Chinese business ties in determining which electric vehicles qualify for $7,500 federal tax credits upon purchase. Debate for the bill, which passed along a mostly party-line 217 to 189 vote, was contentious.
By Eliyahu Kamisher and Gregory Korte Bloomberg News (TNS) Republican Donald Trump pledged to eliminate taxes on overtime pay at a rally days after a shaky debate performance, as the presidential nominee looked to turn the page with a new populist tax cut proposal. “We will end all taxes on overtime,” Trump said Thursday at a rally in Tucson, Arizona.
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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