Accounting Today
OCTOBER 6, 2023
The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.
Going Concern
OCTOBER 6, 2023
On Wednesday we were tipped to several people at the manager+ level in transaction services getting laid off from Deloitte, all of whom were working remotely. And then this reply the artist formerly known as Twitter mentions layoffs in audit: We talked all the time in grad school (approx 6 years ago) that there was no way the (then) current model would be sustainable… I think it’s finally starting to crumble.
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Accounting Today
OCTOBER 6, 2023
Taxpayers' eagerness to use free software provided by the service to file their taxes may be exaggerated because of the way a survey was designed.
CPA Practice
OCTOBER 6, 2023
By Riley Beggin, The Detroit News (TNS) The U.S. Treasury Department released proposed guidance Friday for point-of-sale discounts many consumers will be able to get on electric vehicles beginning Jan. 1, 2024. The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act, Democrats’ climate and clean energy bill that passed last year.
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.
Randal DeHart
OCTOBER 6, 2023
Getting approved for a business loan or line of credit is more complicated than qualifying for a personal loan. Small construction business owners must be adequately prepared to meet with a lender to present their business in the best possible light and ready for the money they need. Think of all the times: You loaned money to a friend or relative Provided labor and materials for somebody's home or business without a deposit check Did change order work that you never got paid for doing and never
CPA Practice
OCTOBER 6, 2023
The U.S. housing market has rebounded impressively in 2023 after a short-lived downturn late last year. The total value of the U.S. housing market has surged by more than $2.6 trillion over the past year, a new Zillow analysis shows. The total value of the U.S. housing market — the sum of Zillow’s estimated value for every U.S. home — is now slightly less than $52 trillion, which is $1.1 trillion higher than the previous peak reached last June.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 6, 2023
By Ari Natter and Steven T. Dennis, Bloomberg News (TNS) Work in Congress has ground to a halt as Republicans search for a new speaker, threatening Ukraine aid and delaying consequential business legislation. Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.
KROST
OCTOBER 6, 2023
LOS ANGELES, CA [September 28, 2023] – KROST’s Assurance & Advisory Principal, Keith Hamasaki, CPA, has been appointed as Trustee of the California Society of Certified Public Accountants (CalCPA) Education Foundation. Keith has served as a board member for the CalCPA Los Angeles Chapter since 2015 and has gained years of experience through his roles as Secretary, Read the full article.
CPA Practice
OCTOBER 6, 2023
A new report reveals a red flag for corporate boards: At US public companies, the share of board directors who are reported as having business strategy experience has dropped significantly over the last five years. It declined from 70 percent in 2018 to 59 percent in 2023 in the S&P 500, and from 68 percent to 55 percent in the Russell 3000. The decline in such experience among new directors was even more pronounced.
Accounting Today
OCTOBER 6, 2023
The international public-sector accounting board released its proposed consultation paper for its strategy and work program over the next 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.
ThomsonReuters
OCTOBER 6, 2023
Jump to: Modernizing document collection Meeting c lient e xpectations Automating d ata e ntry Revamp the r eview p rocess Better delivery to clients A talent management advantage Planning a 1040 digital tax transformation Many tax firms know their tax preparation process is not as efficient as it should be—and it’s costing them money and opportunity.
Accounting Today
OCTOBER 6, 2023
Plus, Sikich launches data analytics practice; and other accounting technology news and updates.
Withum
OCTOBER 6, 2023
On September 20, 2023, the United States Securities and Exchange Commission (“SEC”) adopted amendments to the Investment Company Act of 1940 “Names Rule,” which is the first amendment to this rule in approximately 20 years. The amendment addresses broad categories of investment company names likely to mislead investors about an investment company’s investments and risks.
Accounting Today
OCTOBER 6, 2023
As part of our 2023 Malpractice Liability Insurance Buyer's Guide, experts weigh in on the risks accountants are facing
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.
Menzies
OCTOBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. Companies now have access to a new First Year Allowance, referred to as Full Expensing, after the cessation of the “super-deduction” capital allowance earlier this year. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments.
Accounting Today
OCTOBER 6, 2023
The Maryland Association of CPAs highlighted three outstanding members, plus multiple firms as C-level leaders, and other firm and personnel news from across the country.
Accounting Insight
OCTOBER 6, 2023
Following the government announcement ACCA has made the following statement. ACCA has today welcomed Government proposals to back small businesses and tackle late payments. Glenn Collins Head of Technical and Strategic Engagement, ACCA UK, said: ‘As we have made clear in our response to government consultations, we welcome any move to help tackle the late payment crisis.
Accounting Today
OCTOBER 6, 2023
An inside look at nine of the top programs protecting accounting practices.
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
OCTOBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. A change in priorities and attitudes is driving new trends in sustainability strategies for restaurant kitchens. In this article we explore some of the inventive ways that owners and managers are adapting to economic and social pressures, which are having a positive impact on operational efficiencies as well as the environment.
Accounting Today
OCTOBER 6, 2023
With a vast array of options available, selecting the right software can be overwhelming.
CPA Practice
OCTOBER 6, 2023
The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today. ”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it’s another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.
MazumaBusinessAccounting
OCTOBER 6, 2023
Good bye Mazuma. Hello Vyde. Mazuma USA is rebranding to Vyde to demonstrate our company’s commitment to providing small business owners with the accounting insights they need to thrive. This rebrand marks a renewed purpose for our team to elevate our customer experience and provide valuable financial insights. “At our core, we have always been a client-centric company,” says Greg Nielson, Vyde co-founder. “We started with the goal of providing financial insights and affo
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
OCTOBER 6, 2023
There are 117 people in KPMG’s new partner class for fiscal year 2024, which began at the Big Four firm on Oct. 1. Last year KPMG promoted 186 to partner for fiscal year 2023. Of the 117 new KPMG partners, 40 work in advisory and another 40 work in tax. KPMG’s audit practice added 32 new partners, while growth and strategy and risk management added two and three new partners, respectively.
Analytix Finance & Accounting
OCTOBER 6, 2023
Emerging artificial intelligence (AI) is a hot topic in the news. It transcends industries, and everyone is trying to find new ways to adopt the technology for its task automation and analytical capabilities, including certified professional accountants (CPAs). Understanding how to utilize AI in accounting and finance will ultimately help your CPA firm digitally transform into an industry and marketplace leader.
Cherry Bekaert
OCTOBER 6, 2023
Notice 2023-63 Provides Clarity on Capitalization and Amortization of Research Costs On September 8, 2023, the Internal Revenue Services (IRS) released Notice 2023-63 (the Notice), Guidance on Amortization of Specified Research or Experimental (SRE) expenditures under Internal Revenue Code Section 174. This Notice clarifies matters covered under the Section 174 enacted under the Tax Cuts and Jobs Act of 2017.
Canopy Accounting
OCTOBER 6, 2023
As accountants, working with non-profit organizations requires a deep understanding of specific financial reporting requirements. One of the critical documents that demands attention is Form 990 - Return of Organization Exempt from Income Tax. In this blog post, we will explore the significance of Form 990 and why it is essential for accountants working with nonprofits to have a solid grasp of its intricacies.
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 6, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in practice management for accounting firms. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors. Also, due to the intro to the podcast, add apx. 10 seconds to the time stamps below.) SPEAKERS Randy Johnston, Brian F.
Going Concern
OCTOBER 6, 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. Relatable Consulting firms’ problems fuelled by pursuit of growth [ Australian Associated Press via Yahoo!
CPA Practice
OCTOBER 6, 2023
By Dave Goldiner, New York Daily News (via TNS). A former top Trump Organization executive Friday testified that he repeatedly committed tax fraud at the direction of then-chief financial officer Allen Weisselberg in a major blow to the defense at former President Donald Trump’s $250 million civil fraud trial. Ex-controller Jeffrey McConney first claimed he didn’t know it was illegal for him to dramatically overestimate the value of Trump-owned assets like golf courses, Trump Tower apartments an
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