ThomsonReuters
OCTOBER 24, 2023
Jump to: Automation, AI Technology: A Time and Resource Saver Outsourcing: Scale your business and reduce your costs A flexible work model: Expand your talent pool and gain a competitive edge How to handle the shortage of staff in your accounting department Recent trends have only amplified this challenge. More tax professionals are exiting the profession than are entering it.
RogerRossmeisl
OCTOBER 24, 2023
If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses.
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TaxConnex
OCTOBER 24, 2023
“Scary” has five letters. Know what word in sales tax also has five letters? “Audit.” Few issues in the area of tax are more terrifying than this kind of exam from a tax authority. Our third annual survey of financial professionals showed that although most companies (67%) reported that state sales tax audits have remained at the same level over the past two years, almost one in four respondents (23%) said they expect such audits to increase in coming months.
Accounting Today
OCTOBER 24, 2023
Despite widespread reports of declines in accounting students, Purdue is defying the trend and seeing enrollment growing dramatically.
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.
Acterys
OCTOBER 24, 2023
Organizations rely on robust performance management processes to drive informed decision-making. While Microsoft Power BI’s native data entry option is useful for simple tasks, it falls short with complex data models and planning requirements. This limitation creates challenges for businesses in the Power BI ecosystem, but fortunately, they can leverage additional Power BI write-back and planning capabilities.
Accounting Today
OCTOBER 24, 2023
The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
OCTOBER 24, 2023
Commissioner Werfel encouraged Congress to keep the money coming.
Xero
OCTOBER 24, 2023
This guest blog was written by the team at ecommerce accounting integration, Amaka. Cyber Monday was originally an opportunity for ecommerce businesses to dish out huge promotions after Thanksgiving in the United States, but it’s now become a phenomenon around the world. In 2022, Cyber Monday brought in a total of $ 11.3 billion USD in the United States alone, representing one of the biggest online shopping days of the year.
Accounting Today
OCTOBER 24, 2023
These services can provide organizations with insight, guidance and expertise to support in-house teams or serve as a fully outsourced team.
CPA Practice
OCTOBER 24, 2023
Those celebrating Christmas and other winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is $42 more than consumers planned to spend in 2022, and is in line with the average holiday budget over the last five years.
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.
Accounting Today
OCTOBER 24, 2023
Most new claimants don't qualify for the Employee Retention Credit, experts say — but that hasn't stopped facilitators from promoting it.
CPA Practice
OCTOBER 24, 2023
Inflation fears have not only heightened retirement anxieties, they have also begun to change how workers are saving and investing to meet their goals, according to the 2023 Global Retirement Survey from MFS Investment Management. Following a second straight year of above-average inflation, and after last year’s volatile markets, workers’ perceptions of what retirement will look like have also begun to shift, further complicating the retirement outlook.
Accounting Today
OCTOBER 24, 2023
The late actor's estate fell short in a five-year quest involving the distribution of a hedge fund position when his financial advisor left UBS for Merrill Lynch.
Anders CPA
OCTOBER 24, 2023
Startups saw a surge in seed round funding in the aftermath of the COVID-19 pandemic throughout 2021 and 2022, but accessing Series A funding rounds has proven more difficult than ever. Investor priorities have shifted and placed a new focus on profitability rather than growth. Tax partner and leader of the firm’s startup practice Dave Finklang, CPA/CGMA, MBA , examined the phenomenon in his recent article for the St.
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.
Going Concern
OCTOBER 24, 2023
‘Tis the season for global professional services firm revenue announcements and PwC has given us theirs today — remember, these numbers aren’t audited so we just have to trust them. PwC is the trustiest of the firms so no worries there. For the 12 months ending June 30, 2023, PwC firms around the world reported record gross revenues of $53.1 billion, growing by 9.9% in local currency and 5.6% in US dollars over the gross revenues of $50.3 billion for fiscal 2022.
CPA Practice
OCTOBER 24, 2023
For almost as long as commerce has existed, small business owners have struggled with managing their finances and taxes, while at the same time running the operational side of their businesses. In the U.S., many of these entrepreneurs have long relied on the services of tax professionals or CPAs for year-end compliance needs, and to retroactively compile, reconcile and correct their clients’ books and produce financial reporting.
AccountingDepartment
OCTOBER 24, 2023
Managing the financial aspects of a business is a critical task that demands accuracy, expertise, and time. As your business grows, so does the complexity of your financial transactions, leaving you with less time to focus on core operations.
Insightful Accountant
OCTOBER 24, 2023
The Bonadio Group's Karen Webber breaks down the weak internal controls that could put your client at risk of fraud—and the warning signs you need to watch out for.
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.
CPA Practice
OCTOBER 24, 2023
Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), has launched its new Sage HR for Sage 50 in the U.S. and Canada. The solution delivers powerful integration between accounting, HR and payroll processes, allowing teams to be more agile and keep up with the demands of a modern workforce.
GrowthForceBlog
OCTOBER 24, 2023
9 min read Financial reports are necessary and legally required of businesses, so everyone uses them. Unfortunately, many business leaders choose not to generate management reports, mistakenly believing that they are irrelevant to small and medium-sized enterprises (SMEs).
Insightful Accountant
OCTOBER 24, 2023
Mark down Oct. 8, at 2 p.m. (EST) as the next 'QB Talks' with Kristen Nies Ciraldo and Kelly Gonsalves, aka Kelly G.
KROST
OCTOBER 24, 2023
Philanthropy is generosity in all forms and is often defined as the act of giving to better the lives of others. Monetary donations go a long way to fund projects that provide resources to those in need. According to Giving USA, Americans donated more than $1 billion a day to various charities in 2022, resulting Read the full article. The post Utilizing Charitable Remainder Trusts to Meet Income & Philanthropic Goals appeared first on KROST.
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.
Accounting Today
OCTOBER 24, 2023
The board imposed a $175,000 fine on Smythe LLP, a Vancouver-based firm, for violating its rules and quality control standards on four audits.
Mark Lee
OCTOBER 24, 2023
Whether or not you use timesheets or bill clients by reference to the hours that you (and your team, if any) spend on clients’ affairs, you probably have an hourly rate in mind. Don’t you? Conversations with the accountants who are or have been my clients reveal a wide range of such rates. And some even have different rates in mind dependent on the type of work they are doing for clients.
Withum
OCTOBER 24, 2023
For many nonprofits, adhering to change can feel like you are attempting to cross a river on lily pads. It is not stable and it feels like there is a high likelihood of failure. Learn why embracing innovation, strategic technology investments and modern payment processors can help your nonprofit stay in front of donors. The Why? For many not-for-profits, the cost-benefit of implementing change has been the focal point for many of today’s decisions at the board level.
Going Concern
OCTOBER 24, 2023
Sometimes people ask “why do you write about things happening in Australia on an American website?” Tempted as we are to quip back “because just how much American accounting news do you think there is?” the more accurate answer is because of things like this. We aren’t so different really if you ignore their culinary quirks and backwards seasons.
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
CPA Practice
OCTOBER 24, 2023
A new report from the staff of the Public Company Accounting Oversight Board (PCAOB) reveals that 42% of firms the PCAOB inspected in 2022 had a quality control criticism related to engagement quality reviews (EQRs), up from 37% in 2020. The staff report, “ Inspection Observations Related to Engagement Quality Reviews(PDF) ,” focuses on the PCAOB-mandated EQR process, in which a reviewer who is not part of the engagement team evaluates significant judgments made by the audit engagement team.
Menzies
OCTOBER 24, 2023
Menzies LLP - A leading chartered accountancy firm. An Employee Ownership Trust (EOT) is an ownership structure that enables employees to indirectly take on a ‘significant and meaningful’ stake in their employing company. Doing so provides the outgoing majority shareholder(s) with an effective and efficient means to dispose of their shares, as well as a substantial tax advantage compared with other methods of disposal.
Accounting Today
OCTOBER 24, 2023
The cost of free file; ERC withdrawals; making money year-round; and other highlights from our favorite tax bloggers.
CPA Practice
OCTOBER 24, 2023
On Nov. 1, the team from San Antonio-based accounting firm Fisher, Herbst & Kemble P.C. will officially join top 40 firm Whitley Penn. Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers. Larry Autrey “We are thrilled to have the FHK team join Whitley Penn,” Larry Autrey, managing partner and CEO of Whitley Penn, said in a press release
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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