Insightful Accountant
NOVEMBER 4, 2024
Tax season can be a challenging time for both accountants and clients, particularly when it comes to collecting accurate and complete tax information. A primary source of frustration for accountants is the use of traditional tax organizers.
Going Concern
NOVEMBER 4, 2024
You’ve likely heard of people in audit getting disappeared from KPMG in recent days, we certainly have. Anyone who tried to cope with a “they must have been low performers” might want to season their hat before they eat it. WSJ reports today that KPMG is laying off a few hundred people in audit “as it works to make up for lower levels of voluntary turnover.” Meaning attrition is still too low.
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CPA Practice
NOVEMBER 4, 2024
By Alex Mann Baltimore Sun (TNS) Nov. 2—Maryland has paid $5.4 million to the Internal Revenue Service after a rare IRS audit of the state found it owed millions of dollars in taxes in 2020. Rachel Sessa, deputy comptroller for law and oversight, said during a meeting of the state Board of Public Works Wednesday the IRS audit of tax year 2020 found the stated owed over $16 million, but “staff within the Office of the Comptroller and other state agencies worked tirelessly to provide and obtain do
Withum
NOVEMBER 4, 2024
Withum is excited to welcome Steven Menna as a Partner in our Financial Services Team. Menna, who brings extensive experience and innovative leadership, will spearhead the firm’s national alternative investments expansion, focusing on the Southeast and Southwest regions. “I’m thrilled to be joining Withum’s dynamic team and advancing the firm’s presence and success nationally with concentrations from the southeast to the Southwest.
Speaker: Joe Wroblewski, Sales Engineer Manager
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
CPA Practice
NOVEMBER 4, 2024
A new standard requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements was finalized by the Financial Accounting Standards Board (FASB) on Nov. 4. Richard Jones “This project was one of the highest-priority projects cited by investors in our extensive outreach with them as part of our 2021 agenda consultation initiative,” FASB Chair Richard Jones said in a statement.
Going Concern
NOVEMBER 4, 2024
Well the year is just chugging along, here we are at the first Monday news brief of November. I trust you had your fill of candy the past few days. Now gorge on some news! The Aussie feds are swarming PwC Australia HQ , staff have been advised to “please carry on as usual.” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 4, 2024
Bloomberg Tax & Accounting has launched a strategic partner program with several tax software providers focused on automating common tax processes. This collaboration extends the value of Bloomberg Tax’s suite of solutions and provides customers with a more robust set of tools to address critical tax workflow challenges. The new strategic referral network includes: K1x : An AI-powered platform that streamlines alternative investment data — K-1s, K-3s, and 990s — for investors and advisors.
BurklandAssociates
NOVEMBER 4, 2024
Protect your startup from costly fraud with expert insights, tools, and resources designed to strengthen your defenses. The post Fraud Prevention Resources for Startups appeared first on Burkland.
CPA Practice
NOVEMBER 4, 2024
KPMG last week told approximately 330 people—or nearly 4% of its roughly 9,000-person U.S. audit workforce—that they would be losing their jobs in the coming weeks, the Wall Street Journal reported on Monday. The job cuts will impact employees such as audit associates and managers but not partners, according to the WSJ. The reason for the layoffs: low levels of voluntary turnover at the Big Four accounting firm.
ThomsonReuters
NOVEMBER 4, 2024
← Blog home In the rapidly evolving field of auditing, AI-powered technologies are revolutionizing traditional processes. As emerging technologies and regulations reshape the field, many auditors find themselves grappling with outdated processes and inefficiencies. The need for advanced technologies in modern auditing has never been more apparent, and artificial intelligence (AI) is at the forefront of this evolution.
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Accounting Today
NOVEMBER 4, 2024
Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.
CPA Practice
NOVEMBER 4, 2024
Top 15 accounting firm Marcum has officially been absorbed into top 11 firm CBIZ, as the 2.3-billion-dollar megadeal that was announced on July 31 officially closed on Friday. As a result of the Marcum acquisition, CBIZ will have combined annual revenue of approximately $2.8 billion, more than 10,000 team members, and over 135,000 clients. The Cleveland-based firm is expected to vault over Grant Thornton for seventh spot in the ranking of the top 10 largest U.S. accounting firms based on revenue
ThomsonReuters
NOVEMBER 4, 2024
← Blog home As corporate tax departments embrace digital transformation, utilizing a tax engine to automate and simplify tax calculations and reporting is becoming a core part of their strategy. Indeed, fully half of tax professionals surveyed recently said their companies are either already using an indirect tax determination engine or plan to purchase one in the next 12 months, according to the Thomson Reuters Institute 2024 Corporate Tax Technology Report.
CPA Practice
NOVEMBER 4, 2024
Top 60 accounting firm Blue & Co. has expanded into the Detroit market after combining with Mellen, Smith, and Pivoz (MS&P), a full-service accounting and advisory firm based in Bingham Farms, MI, effective Nov. 1. Carmel, IN-based Blue & Co. has added three partners—Jason Pivoz, Jeffry Campeau, and Mark Smith—and more than 20 employees from MS&P.
Advertiser: Paycor
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Anders CPA
NOVEMBER 4, 2024
With all the complications of running a cannabis business, it’s easy to forget that cannabis is a plant: a living organism with its own genetics that takes care and cultivation to grow. To get all the various strains that now fill our stores, there are things a grower can do to improve those genetics and test to make sure we’re getting the highest quality plant possible.
CPA Practice
NOVEMBER 4, 2024
Top 30 accounting firm Sikich on Nov. 4 announced it has expanded its artificial intelligence capabilities with the launch of the firm’s new Sikich AI Solutions Studio and the appointment of Ray Beste as principal AI strategist. Ray Beste Building on established generative AI and data analytics strengths, the expanded AI offerings deliver innovative solutions that drive business growth and success, the Chicago-based accounting firm said.
VJM Global
NOVEMBER 4, 2024
Because in the initial period of Implementation of GST, the taxpayer has made various genuine mistakes while filing the return and while making payment of tax, the 53rd GST Council meeting announced an amnesty scheme, i.e., waiver of interest and penalty, for Notice or statement or order issued under Section 73 of CGST Act for the period of 2017-18 to 2019-20.
Accounting Today
NOVEMBER 4, 2024
In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.
Speaker: Victor C. Barnes, CPA, MBA
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.
Anders CPA
NOVEMBER 4, 2024
Tax Manager Chrysa Cousley, MBA has been named has been named the 2024 Outstanding Young Professional by the Missouri Society of Certified Public Accountants (MOCPA). The annual MOCPA Impact Award for Outstanding Young Professional honors one CPA under the age of 35 who serves as an emerging and dynamic leader in the profession. This recognition highlights Chrysa’s dedication to the profession through mentorship, promoting financial literacy, encouraging others to pursue the CPA credential and h
Accounting Today
NOVEMBER 4, 2024
Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.
CPA Practice
NOVEMBER 4, 2024
According to recent data, 78% of employees say they’re more likely to stay at a job based on the benefits offered. Furthermore, the cost of replacing an employee can be between one-half and two times the departing employee’s salary. To discover which industries offer the most comprehensive employee packages, international telecom provider TollFreeForwarding.com gathered new data to rank 16 industries on their employee benefits.
Accounting Today
NOVEMBER 4, 2024
The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.
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.
Insightful Accountant
NOVEMBER 4, 2024
It's not too late, you can still tell that 'special ProAdvisor' in your life just how much you think of them by nominating them for the 2025 ProAdvisor Awards. Whether they are U.S. or International ProAdvisor we're still accepting nominations.
Accounting Today
NOVEMBER 4, 2024
The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.
Insightful Accountant
NOVEMBER 4, 2024
Murph is excited to be joining the team for Wednesday's App Academy. He will be sharing insights and commentary on the five participating app solutions.
Accounting Today
NOVEMBER 4, 2024
Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.
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
NOVEMBER 4, 2024
The 2024 study demonstrates Progress is being made in third-party risk management as respondents shifted focus from TPRM awareness and adoption to enforcement and compliance. That’s according to a new survey by BlueVoyant , a cyber defense company. The fifth annual global survey into supply chain cyber risk management highlights ongoing investment in technology and talent to enhance supply chain security.
Accounting Today
NOVEMBER 4, 2024
Many managers are not in the habit of telling people they did something good.
Canopy Accounting
NOVEMBER 4, 2024
In this free eBook, "Future-Proofing Your Accounting Firm," you’ll learn data-backed strategies on AI integration, digital transformation, cybersecurity, and workforce planning—all critical to future-proofing your firm.
Accounting Today
NOVEMBER 4, 2024
Private equity is a solution to many firm problems — but not for all firms. Allan Koltin dives into who might be a good fit for PE, and more.
Advertiser: Paycor
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