Accounting Insight

SEPTEMBER 26, 2023

ACCA’s Digital Horizons report reflects on how accountants see the role technology will play in their future Financial professionals share a sense of optimism about digital transformation including AI (artificial intelligence). A survey among members of ACCA (the Association of Chartered Certified Accountants) sees a range of key organisational benefits in adopting digital technologies including flexibility/adaptability, quality of products and services, sustainability performance, transparency

Account 59

Account accountant accounted accounting and finance 59

TaxConnex

SEPTEMBER 26, 2023

The short answer: Maybe not. Let’s look at a few factors that could make relying solely on an eCommerce platform for your compliance risky for your company. A complex environment Economic nexus. The 2018 Supreme Court decision in South Dakota vs. Wayfair opened the floodgates for economic nexus throughout the U.S. In almost all states now, any derived revenue for your company will create nexus for the company making that revenue ($100,000 revenue or 200 transactions in a year, for instance).

Sales 264

Sales Tax South Dakota Colorado 264

Accounting Today

SEPTEMBER 26, 2023

From more agents to the deployment of AI, the service is directing resources where the money is.

audit 135

audit Tax 135

CPA Practice

SEPTEMBER 26, 2023

By Dave Charest. Small businesses (SMBs) are a busy bunch. On any given day, they might be fulfilling orders, engaging with customers in-person, managing staff, doing their books — plus dozens of other tasks. Most would relish an opportunity to gain back an extra hour, or save some extra money. Luckily, those goals (and others) are attainable thanks to artificial intelligence (AI) and marketing automation.

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Technology Sales bookkeeping accounted 122

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.

accountant

Accounting Today

SEPTEMBER 26, 2023

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

Expense Management 130

Expense Management Tax 130

CPA Practice

SEPTEMBER 26, 2023

The IRS has released the special per diem rates for 2023-24 that take effect on Oct. 1, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. Notice 2023-68 , which the IRS published on Monday, provides the special transportation industry rate, the rate for the incidental expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method for the period of Oc

Transportation 116

Transportation Tax 116

Going Concern

SEPTEMBER 26, 2023

Fresh off the PCAOB’s published naughty list, BDO USA and partners Kevin Olvera and Michael Musick got sent to the punishment corner for violations of PCAOB rules and audit standards in connection with the audit of AAC Holdings, Inc. (“AAC”) for 2017. Specifically, audit partner Olvera failed to properly evaluate three significant estimates that AAC used to value substantially all of its client-related revenue and accounts receivable and Musick, who was not the engagement partner but someh

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audit auditor accountant accounted 110

Accounting Today

SEPTEMBER 26, 2023

In the context of accounts payable, generative AI can create text-based documents, such as invoices or purchase orders, by analyzing patterns and information from historical data.

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accounts payable Account accounted accountant 127

Cherry Bekaert

SEPTEMBER 26, 2023

The Federal Acquisition Regulation (FAR) doesn’t provide many details on the specifics related to an adequate timekeeping system. However, the Defense Contract Audit Agency (DCAA) does have some specific requirements they look for when performing accounting system audits and labor floor checks. In this episode of Cherry Bekaert’s GovCon Podcast, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the F

Government 105

Government auditor audit accounting system 105

Accounting Today

SEPTEMBER 26, 2023

Less than a month is a small window for an auditor to complete their work.

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audit auditor 124

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.

Finance

AccountingDepartment

SEPTEMBER 26, 2023

Budget season is right around the corner and it is time for financial teams to come together and start planning for 2024, but are you ready?

business accounting 105

business accounting accounted Account accountant 105

Accounting Today

SEPTEMBER 26, 2023

The Top 20 Firm is expanding its presence in New York by adding a Regional Leader.

New York 124

New York 124

Cherry Bekaert

SEPTEMBER 26, 2023

On September 8, the Internal Revenue Service (IRS) released Notice 2023-63, providing much anticipated guidance on the application of Section 174. The Notice addresses key issues for handling specified research or experimental (SRE) expenditures that are capitalized and amortized in accordance with the Tax Cuts and Jobs Act (TCJA) changes to Section 174.

Tax 104

Tax Technology 104

Accounting Today

SEPTEMBER 26, 2023

More than 10% of candidates for the CPA exam live outside the U.S.

CPA 124

CPA cpas accounted Account 124

Speaker: Mark Gilham, FCCA, CPP

Finance

ThomsonReuters

SEPTEMBER 26, 2023

Jump to: Firms and clients are embracing remote auditing Remote auditing poses challenges, but there are solutions Leveraging technology is key to remote audit success Firms that have been introducing and experimenting with remote audits are finding it easier to embrace and collaborate with clients through cloud audit tools.

audit 98

audit auditor Technology Education 98

Accounting Today

SEPTEMBER 26, 2023

The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.

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audit 122

CPA Practice

SEPTEMBER 26, 2023

By Alex Tanzi, Bloomberg News (TNS) Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances. For the bottom 80% of households by income, bank deposits and other liquid assets were lower in June this year than they were in March 2020, after adjustment for inflation.

Finance 98

Finance Government 98

Accounting Today

SEPTEMBER 26, 2023

Taxpayers who receive CP2000 notices can now get help from bots for basic questions, rather than having to wait for a rep.

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Tax 122

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

SEPTEMBER 26, 2023

A new chatbot feature is now available to help answer basic taxpayer questions about three notices in the CP series, the IRS said on Tuesday. Danny Werfel “Through our transformation efforts, we are working to expand technologies to help taxpayers and tax professionals interact with us in the ways they prefer, including expanded digital, phone and in-person assistance options,” IRS Commissioner Danny Werfel said in a press release.

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Tax Technology income tax 98

Accounting Today

SEPTEMBER 26, 2023

The first half of 2023 saw a flurry of state and local changes, with governments relying more on indirect taxes as borrowing becomes more expensive and the cost of providing programs increases.

Government 108

Government Tax Sales 108

Cherry Bekaert

SEPTEMBER 26, 2023

On September 14, 2023, California’s Legislature has recently approved a landmark climate disclosure bill, Senate Bill 253, which is expected to have global impacts on corporate climate accountability. The bill, also known as the Climate Corporate Data Accountability Act (CCDAA), will require more than 5,000 U.S. corporations earning over $1 billion and doing business in California to annually report their global emissions of carbon dioxide and other planet-warming gases.

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California accounting and finance Manufacturing corporate accounting 98

Accounting Today

SEPTEMBER 26, 2023

A recent report said the service needs to improve its reviews of suspicious cyber activity and strengthen separation of duties.

Technology 81

Technology Tax 81

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.

Finance

CPA Practice

SEPTEMBER 26, 2023

Docyt , a maker of AI-driven accounting automation technology, has launched Docyt AI , incorporating advanced Generative AI features into its Precision AI-based platform to create the industry’s most robust accounting intelligence and automation solution. Docyt AI streamlines and accelerates accounting processes like never before, empowering accounting professionals to eliminate manual tasks in financial workflows and gain precise, real-time visibility into the financial health of their business

accounted 69

accounted Account accountant Technology 69

Accounting Today

SEPTEMBER 26, 2023

A successful merger with Top 100 Firm Carr, Riggs & Ingram has spurred Level Four Group's rapid expansion and continues to provide new growth opportunities

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Going Concern

SEPTEMBER 26, 2023

The listmasters at INSIDE Public Accounting have released their mildly anticipated 2023 IPA Practice Management Report and should you want specifics on how the 600 firms that participated are doing, you can purchase the full report from IPA at the link above. We’re cheap and lazy so here are the key highlights from this year’s report as generously shared by IPA: More than 50% of firms reported double-digit organic growth rates.

cpa firm 69

cpa firm CPA public accounting accounting firms 69

Anders CPA

SEPTEMBER 26, 2023

FedNow, the Federal Reserve Board’s new payment system that enables individuals and businesses to send instant payments, is live as of July 20, 2023. The growing consumer demand for convenient, speedy payment services means it’s only a matter of time before enrollment in FedNow becomes a staple of financial institutions. These organizations should take the time now to familiarize themselves with the service in order to maintain compliance and ensure a seamless transition to the new payment syste

CPA 64

CPA accountant accounted Account 64

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

SEPTEMBER 26, 2023

The New Jersey Society of Certified Public Accountants (NJCPA) has launched its fourteenth annual food drive to benefit the Community FoodBank of New Jersey. Both physical and online donations will be accepted at various locations throughout the state now through Nov. 16. The Community FoodBank serves 15 counties in the state, distributing food to charities, soup kitchens, emergency shelters, food pantries and other places of need.

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New Jersey cpas New York CPA 59

Accounting Today

SEPTEMBER 26, 2023

Property-tax map; zero due meaning; partners' pay differences; and other highlights from our favorite tax bloggers.

Tax 56

Tax E-commerce tax preparation 56

CPA Practice

SEPTEMBER 26, 2023

Top 20 accounting firm Armanino, based in San Ramon, CA, said on Tuesday it is merging with Garden City, NY-based CPA and advisory firm Janover. Financial terms of the deal were not disclosed. The transaction is expected to close on Nov. 1. Once completed, Janover’s 20-plus partners and more than 200 team members will join Armanino. Garden City will be Armanino’s second location in New York; the firm has had an office in New York City since 2021.

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New York Real Estate accounting firms public accounting 59

Nancy McClelland, LLC

SEPTEMBER 26, 2023

We received a few frantic calls and emails in the past month from clients who opened their mail to find a penalty notice from the IRS for their 2022 Form 8955-SSA — some for tens of thousands of dollars. As background, Form 8955-SSA , also known as the “Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits,” is an report that retirement plan sponsors (the entity that established the plan for a company and its employees — usually th

Legal 52

Legal CPA accountant accounted 52

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.

Technology