Cherry Bekaert
JUNE 30, 2023
In this course, we discuss tools for determining whether the institution has alternative investments, and if so, whether such investments require additional reporting on Form 990-T or foreign disclosure forms such as 926, 8865, and 5471. We explain how to analyze a Schedule K-1 for disclosures relating to unrelated business income and indirect ownership of foreign investments.
Airbase
JUNE 30, 2023
Although personal travel is taking off this summer, business travel is having a more challenging time gaining altitude. Some industry analysts say that it could be well into 2025 before demand returns to pre-pandemic levels. Continued economic uncertainty has organizations carefully balancing budgets and benefits when it comes to corporate travel. But the cost of travel’s carbon footprint is an increasingly important factor in assessing corporate travel cost benefit.
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CPA Practice
JUNE 30, 2023
By Joy Taylor, Kiplinger Consumer News Service (TNS) Now that a debt default has been diverted, Republicans in the House of Representatives are turning toward taxes. They’ve laid down their opening marker. It can pass the House, but not the Senate. GOPers’ decision to pay for the cost of their plan by nixing some key green-energy tax breaks in last year’s Inflation Reduction Act is a nonstarter with Congressional Democrats.
Going Concern
JUNE 30, 2023
It seems Citi is sick of WFH slackers and is getting the stick: Citigroup Inc. has begun telling managers to let staffers know they’ll face consequences if they don’t comply with policies for office attendance. While the vast majority of staffers are following the firm’s rules for hybrid work, the moves are focused on those employees with persistent, unexplained absences, according to a person with knowledge of the matter.
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.
Accounting Today
JUNE 30, 2023
The service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act.
Going Concern
JUNE 30, 2023
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. See ya. The Market Accounting firms question the partnership model [ Financial Times ] Several US accounting firms have taken investments from private equity groups to pay for acquisitions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JUNE 30, 2023
By Clarisa Diaz, Quartz (TNS) The rising cost of living is causing employed people to look for either higher pay with a new job or take on additional jobs, according to the recently released Global Workforce Hopes and Fears Survey by PwC. The survey shows that 26% of the global workforce is looking to change jobs in the next year, up from 19% in 2022.
Going Concern
JUNE 30, 2023
One of the hundreds of local Business Journals wrote yesterday about layoffs in our sector, those layoffs being KPMG’s 5% cut announced Monday , Deloitte laying off 1200 or so people in April , and EY’s 3000 layoffs that coincidentally happened shortly after Everest fell apart but had nothing to do with Everest falling apart (according to EY).
Accounting Today
JUNE 30, 2023
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Monday, July 10.
Cherry Bekaert
JUNE 30, 2023
The automotive industry has been undergoing significant changes as it recovers from the global pandemic and adapts to emerging trends, new technologies and evolving consumer preferences. These changes can bring opportunities for companies to better align themselves within the market and their customers, but also can have implications for accounting and finance functions within the industry as well.
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.
Randal DeHart
JUNE 30, 2023
Payroll is one of those things that starts simply enough. You start your construction business and hire a few employees, and things tick along. It's straightforward enough to keep everything in line at first, but what happens to most companies is… they grow! This is a great thing, but it also means that payroll becomes more complicated. As such an essential aspect of your business, payroll must run smoothly.
Withum
JUNE 30, 2023
Manufacturers should embrace sustainable practices if they want to manage costs and prepare for the global challenges of climate change and environmental degradation. Waste represents a significant controllable cost to a company where the manufacturer buys expensive materials only to pay to have them disposed of in a landfill. With this in mind, manufacturers can also play a significant role in reducing their environmental footprint and mitigating the negative impacts of their operations while r
CPA Practice
JUNE 30, 2023
The accounting standard was developed jointly with the U.S. Financial Accounting Standards Board and came into effect in 2018. It was created to improve the quality and comparability of revenue information provided to investors globally. IFRS 15 introduced a comprehensive and robust framework for the recognition, measurement and disclosure of revenue that applies to a wide range of transactions and industries.
Accounting Today
JUNE 30, 2023
Robotic process automation carries many rewards, but a recent study has identified a handful of key risks that professionals must account for.
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.
CPA Practice
JUNE 30, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss technology trends for audits. Click here to visit the podcast page.
Ronika Khanna CPA,CA
JUNE 30, 2023
As an accountant and small business financial consultant, one of the most common areas of confusion and questions by small business corporation owners revolves around how to pay themselves and if one way is preferable to another. I have addressed some of them in my blog posts on the factors to consider when choosing salary or dividends and the types of ways to structure your remuneration.
Menzies
JUNE 30, 2023
Menzies LLP - A leading chartered accountancy firm. In a legal firm, the Finance Director would be responsible for overseeing the firm’s financial operations, including budgeting, forecasting, and reporting. They would also be responsible for ensuring that the firm is in compliance with all applicable financial regulations. Smaller firms may not have the need for a full-time FD but here are some specific examples of how an FD can benefit any legal firm: An FD can help a legal firm to devel
CPA Practice
JUNE 30, 2023
Receive 1 hour of free CPE credit for participating in this live webinar Host: Patriot Software and Vestwell Date: July 12, 2023 Time: 2 p.m. (ET) Description: With the recent passage of new legislation known as “ SECURE 2.0 ,” tax credits for small business owners are significantly larger, meaning they can essentially start their company retirement plan for free.
Advertiser: Paycor
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.
Menzies
JUNE 30, 2023
Menzies LLP - A leading chartered accountancy firm. Most business owners have an accountant which they trust and rely on for advice, however sometimes that doesn’t give them the closer support they sometimes need. An experienced FD (financial director) will help them make better-informed decisions, drive efficiency and increase responsibility and accountability in the business.
CPA Practice
JUNE 30, 2023
By Reade Pickert – Bloomberg News (via TNS). The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed Friday. From a year ago, the measure eased to the slowest pace in more than two years.
CPA Practice
JUNE 30, 2023
AuditFile, Inc., developer of the award-winning cloud-based audit automation platform, has announced that an integration with Microsoft Azure OpenAI is generally available to AuditFile users. Tailored specifically for accounting professionals, this technology assists users in all attest areas. The integration enables auditors to leverage the power of AI to complete attest procedures, analyze large amounts of financial data, prepare financial statements, and aid in the assessment of risk.
CPA Practice
JUNE 30, 2023
Cherry Bekaert has launched the Cherry Bekaert Foundation , a 501(c)(3) volunteer-based, employee-led philanthropic organization. The foundation was created last December with the mission of supporting and collaborating with organizations that align with the firm’s shared values, contributing impactful resources, and inspiring firm professionals to engage in their communities.
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.
CPA Practice
JUNE 30, 2023
By Michael Sasso and Alexandre Tanzi – Bloomberg News (via TNS). Drive along the 240-mile stretch of the Atlantic coast from Charleston, South Carolina, through the grassy marsh land of southern Georgia and down into northern Florida, and you’ll see one of the most profound economic shifts in the U.S. today. Welcome to the New New South. Electric-vehicle factories and battery plants are overtaking pine forests in this region of antebellum architecture and shrimp and grits.
CPA Practice
JUNE 30, 2023
By David G. Savage – Los Angeles Times (via TNS). The Supreme Court on Friday rejected President Biden’s plan to forgive millions of student loans, ruling the nation’s chief executive did not have legal authority to waive more than $400 billion owed to the government. The Biden administration had asserted its right to cancel the loans as part of its emergency response to the COVID-19 pandemic.
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