Going Concern
AUGUST 18, 2023
According to a tip we received yesterday from a very frustrated auditor at RSM, the firm’s recent switch to Workday isn’t working. The tip: Effective 8/1/23, RSM’s scheduling, time management, billing and CRM system all merged to one system called Workday. Before the implementation all those modules were handled by a different software.
Accounting Today
AUGUST 18, 2023
It also imposed $150,000 in fines, for failures of independence and professional skepticism, and for not cooperating with a board investigation.
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Patriot Software
AUGUST 18, 2023
On February 21, 2023, the IRS made significant changes to the electronic filing requirements that will take effect in 2024. The IRS electronic filing changes may impact you if you have employees, work with independent contractors, or meet other requirements.
Accounting Today
AUGUST 18, 2023
Boomer Consulting presents Bridging the Gap awards; Grant Thornton appoints slew of market managing partners; and more news from across the profession.
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.
CPA Practice
AUGUST 18, 2023
By Jay Weaver – Miami Herald (via TNS). Daniela Rendon, a real estate broker, was convicted of swindling COVID-19 loan programs — to lease a Bentley SUV, among other things. On Thursday, she said during her sentencing hearing in Miami federal court that it seemed like “everybody was doing it” as the pandemic battered the nation’s economy. But after she got caught pocketing hundreds of thousands of dollars, Rendon said she realized the victims of her crime were not the “faceless entities of the U
Accounting Today
AUGUST 18, 2023
A recent survey found workpapers are vital in supporting the overall tax cycle, but professionals struggle with lack of modern solutions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
AUGUST 18, 2023
Billionaire Steve Cohen is fighting the Internal Revenue Service's goal of having hundreds of money managers pay self-employment taxes.
Randal DeHart
AUGUST 18, 2023
As a small business owner, you always look to keep your company running efficiently. Expense reimbursement fraud is the last thing you want to face. Not only can it hurt your bottom line, but it can also damage your construction company's reputation. Here we discuss employee expense fraud, the reasons behind it, and, most importantly, how to prevent it from happening to your construction business.
Accounting Today
AUGUST 18, 2023
MSP staff and managing partner Kyle Bryant will join the Regional Leader, which received private equity funding last November.
Withum
AUGUST 18, 2023
Stay Ahead of the Cybercriminals We are amid a national crisis as cyberattacks continue to target all sectors, including organizations in the financial services sector. At Withum, we believe that together we can level the playing field with cybercriminals – and one way to ensure that your defenses are one step ahead of your attacker is to utilize threat intelligence to build your defenses.
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
AUGUST 18, 2023
Heavy Highway Vehicle Use Tax Returns are due Aug. 31, the IRS warns.
Cherry Bekaert
AUGUST 18, 2023
The Internal Revenue Service (IRS) released Notice 2023-38 , which provides more details around domestic content requirements for taxpayers who qualify for bonus energy credit incentives. The additional tax credits are associated with investments in and the production of clean energy under Sections 45, 45Y, 48 and 48E. Dependent on the facilities and equipment used to make clean energy, the domestic content rules are fulfilled when a taxpayer verifies that a qualified facility meets two specifi
Accounting Today
AUGUST 18, 2023
OpenEnvoy guarantees 100% accuracy in data extraction; Boast AI unveils universal data ingestion feature; and other news and updates from the accounting technology arena.
CPA Practice
AUGUST 18, 2023
Chicago-based top 20 accounting firm Crowe recently admitted 44 new partners and principals. “This group of exceptional leaders lives our purpose and values every day, and delivers on our promises to our clients, our people, and our communities,” Crowe CEO Mark Baer said in a press release. “We look forward to the many ways they will help bring our strategy to life to drive and shape our future, and continue to be stewards of our strong, inclusive culture.
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.
Accounting Today
AUGUST 18, 2023
Five observations on critical factors in the future of accounting (and every other profession, too).
CPA Practice
AUGUST 18, 2023
Top 20 accounting firm Plante Moran unveiled its class of 35 new partners and three affiliated entity members earlier this month. Those promoted include (* indicates affiliated entity member): Chris Abi-Raji , tax, Southfield, MI Mark Barrott , strategy and operations, Southfield, MI William Bean , Plante Moran Financial Advisors, Auburn Hills, MI Andy Brahm , tax, Denver Tech Center Amy Ciminello , tax, Columbus, OH Phil Clark , Plante Moran Financial Advisors, Southfield, MI Jason Collier , as
Accounting Today
AUGUST 18, 2023
Your efforts in this area are the essential driver for sustained success in your practice.
CPA Practice
AUGUST 18, 2023
Date: Thursday, September 28, 2023 Time: 2 PM EDT / 1 PM CDT / 11 AM PDT / 6 PM GMT Sponsor: SafeSend Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Join SafeSend’s Andrew Hatfield, co-founder and Chief Growth Officer, as he shares the journey of solving pain points experienced on the front-end and back-end of the tax process.
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.
Accounting Today
AUGUST 18, 2023
The tax preparation giant grew its total revenue to $3.5 billion, or 0.3%.
Withum
AUGUST 18, 2023
Brad Caruso, Withum’s Not-for-Profit and Education Services Practice Leader, raises second most donations during LLS New Jersey’s 2023 Visionaries of the Year Campaign. Withum Partner Brad Caruso was named Leukemia and Lymphoma Society (LLS) of NJ Visionary of the Year Runner Up for his tireless fundraising and patient advocacy efforts over 10 weeks to support the fight against blood cancers.
Cherry Bekaert
AUGUST 18, 2023
This session provides an update related to the APA’s oversight of Virginia local governments, including: Important reminders on annual audit and reporting requirements, the APA’s Audit Specifications, the APA comparative report transmittal process, and any other key, topical issues affecting local governments; Recent and upcoming changes from Virginia’s legislative sessions that impact local governments; Overview and recent results of the APA’s annual quality control review process over CPA firm
Menzies
AUGUST 18, 2023
Menzies LLP - A leading chartered accountancy firm. As of 1 August 2023, the government has implemented a new, ‘simpler system’ which is expected to have a significant impact on producers, consumers and the hospitality industry. These changes include a freeze on duty rates for beer, spirits, and most ciders, while wine duty rates will increase in line with inflation.
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
AUGUST 18, 2023
Businesses are failing to act on the increasing enterprise risks brought about by ESG and climate risk, revealed in its new global study of 200 senior leaders working across financial and industrial sectors. That’s according to research by Verdantix. The research reveals that 64% of firms say climate related threats such as climate risks to physical assets or energy transition risks represented very material risks to their firm over the last 12 months, while 37% say their physical operations wil
ThomsonReuters
AUGUST 18, 2023
A legal expert in multiple practice areas that includes wage and hour litigation recently talked with Checkpoint Payroll Update regarding the legal battles and pending federal legislation surrounding student-athletes and whether they may be classified as employees under the Fair Labor Standards Act (FLSA) in the future. Economic reality test The U.S.
CPA Practice
AUGUST 18, 2023
By Grace Toohey – Los Angeles Times (via TNS). LOS ANGELES — Hurricane Hilary is rapidly intensifying off Mexico’s west coast, with forecasters warning that the storm will likely hit Southern California by late Sunday, bringing with it a deluge of rain, whipping winds and dangerous surf. By the time the system makes it to the southwestern U.S., officials believe its hurricane-strength winds will have weakened considerably — lessened by landfall or cooler waters, depending on its path.
Cherry Bekaert
AUGUST 18, 2023
As your Software as a Service (SaaS) startup grows, it can be tempting to handle increasingly complex finances by creating more spreadsheets and employing more people. This only leads to your SaaS business being overwhelmed and struggling to catch up, especially during economic storms. Proactive measures can help recession-proof your business. Building a strong financial technology stack allows you to move beyond basic accounting and outdated systems to a cloud-based platform that provides robus
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
AUGUST 18, 2023
The U.K. arm of accounting firm Crowe LLP, its CEO, and a senior auditor settled charges with the Securities and Exchange Commission on Aug. 14 over various mistakes the firm made during its 2018 audit of music streaming company Akazoo. Nigel Bostock Without admitting or denying the SEC’s findings, Crowe U.K. agreed to be censured and will pay a $750,000 fine, CEO Nigel Bostock, who was the engagement partner on the Akazoo audit, will pay a $25,000 penalty, and Matthew Stallabrass, who was the A
Accounting Insight
AUGUST 18, 2023
There has long been a social taboo around talking about money. Its origins are obscure. Perhaps some strange sentiment carried over from Victorian times that business and polite conversation shouldn’t mix. Or maybe a sense that money conversations can easily tip over into bragging and judgement. Wherever it came from, this self-censoring when it comes to personal finances lingers to this day.
CPA Practice
AUGUST 18, 2023
The Public Company Accounting Oversight Board (PCAOB) permanently revoked the registration of Denver-based accounting firm AJ Robbins CPA on Aug. 17 and jointly fined the firm and its owner Allan Jeffrie Robbins $150,000 for independence and professional skepticism failures, as well as for the improper alteration of documents. Robbins, the managing partner of the firm and its sole owner, also was permanently barred from associating with any registered public accounting firm, the PCAOB said on Th
FraudFiles
AUGUST 18, 2023
Tracy Coenen recently appeared LIVE on NBC News Daily, talking about prenups, red flags of fraud, and protecting yourself financially if you divorce.
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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