Fri.Nov 10, 2023

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State CPA Societies in Action: Ohio Society of CPAs

CPA Practice

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. We work with public, private and not-for-profit organizations of every size and sector, leading healthy exchanges between business leaders and policy makers to drive initiatives such as a fair and predictable tax environment in Ohio. [ State CPA Societies in Action is a series of articles spotlighting the varie

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EY Survey: Students and Executives Alike Support Alternate Pathways to CPA Licensure

Going Concern

The EY Accounting Professional of the Future survey has gotten some interest around the profession since it was publicized last week, as it should due to its unique approach of tapping the thoughts and feelings of different cohorts. To farm the results, EY surveyed and interviewed more than 1,000 people across two groups: college students with an academic focus in business or science, technology, engineering and/or math (STEM) fields and senior management leaders and executives from large, publi

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Tech News: Intuit shutters Mint

Accounting Today

Plus, Results Software returns to original ownership; Tax Autopilot applies generative AI to federal and state tax filing; and other accounting tech news.

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How a Point-of-Sale System Can Help on Small Business Taxes

CPA Practice

By Eric Thornton. For many small business retailers, managing a point-of-sale (POS) system comes with the territory of owning a store. With these systems, owners are able to manage things like inventory, scheduling, and more. But, every year, these businesses must also prove that they’ve kept track of sales and are correctly reporting their earnings.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Los Angeles Business Journal Names KROST Top 100 Fastest Growing Private Companies 2023

KROST

PASADENA, CA – The Los Angeles Business Journal (LABJ) recognizes KROST CPAs & Consultants as one of the Top Fastest Growing Private Companies in 2023. The prestigious award is given each year to companies that have demonstrated outstanding growth in revenue, market share, and overall success in Los Angeles County. KROST has now been named the Top Fastest Read the full article.

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Survey finds 37% have already laid off workers due to AI

Accounting Today

A recent survey of finance leaders has found that 37% have already laid off workers because AI made their positions unnecessary, and 44% anticipate such layoffs to continue next year.

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Texas hits EY with $3M penalty

Accounting Today

The fallout from a CPA exam cheating from last year continues down to the state level.

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The Introvert's Guide to Networking at QBConnect

Insightful Accountant

Picture yourself at QB Connect, casually mingling with industry bigwigs, tech wizards, and soon-to-be buddies. With these three simple tips, you'll be ready to conquer the challenge.

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Tough budget decisions ahead as state tax revenue drops

Accounting Today

Cooling economic growth, tax cuts and weak stock-market performance are big contributors to the drop.

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AICPA Honors 11 Forensic and Valuation Professionals

CPA Practice

The AICPA recently recognized the contributions of 11 finance professionals during the 2023 AICPA & CIMA Forensic and Valuation Services Conference held in Las Vegas in November. AICPA, as part of the Association of International Certified Professional Accountants, hosts this annual conference to provide the profession with cutting-edge information on new technology and quality networking opportunities.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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IRS needs to work to keep funding flowing: IRSAC

Accounting Today

In its annual report, the advisory council recommends that the agency prioritize educating lawmakers.

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Brighter Thinking Business Club Breakfast Seminar – Wednesday 29th November

Menzies

Menzies LLP - A leading chartered accountancy firm. We would like to invite you to our next in person Brighter Thinking Business Club breakfast seminar on Wednesday 29th November which will feature insightful presentations from our experts. We hope you are able to join us! Topics include: Revisiting Members’ Voluntary Liquidations (“MVLs”) – Jonathan Bass & Jessica Le The Autumn Statement and how this could affect your clients – Stephen Hemmings This interactive session will last

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Smoother sailing for next tax season?

Accounting Today

The IRS and preparers are preparing to navigate the filing season ahead.

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Why End-User Training Is Essential for a Successful NetSuite ERP Implementation

Withum

End-user training is a vital component of a successful ERP implementation. ERP systems are complex, integrated software solutions that can impact all aspects of an organization’s operations; from finance and supply chain to human resources and customer relationship management. To ensure that an ERP implementation delivers its intended benefits and operates smoothly on go-live, end-user training is essential.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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On the move: Forvis expands to San Francisco Bay area

Accounting Today

CohnReznick names chief people officer; Moss Adams adds to forest products practice; and more news from across the profession.

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Remembering Veterans

Withum

November 11th is celebrated as Veteran’s Day, and along with Memorial Day, it is a solemn remembrance of the brave people who served in our armed forces to protect the freedoms and way of life we benefit from and enjoy. This year, two brave men that I was friends with passed away. Both served and fought in World War II in Europe, and both led exemplary lives.

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Tech startup faked an audit report, and more: SEC

Accounting Today

The former co-CEOs of Bitwise Industries used a number of fake documents to help raise money from investors.

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Innovation Meets Incentives: Grants Available to Massachusetts Life Sciences Companies

Withum

Are you a Massachusetts non-profit or academic institution with a focus in life science? Or perhaps you’re a for-profit Massachusetts life science company, collaborating with a Massachusetts non-profit. If so, you should be aware of the following grant programs with application deadlines rapidly approaching on November 17, 2023. You may be eligible for the following programs, administered by the Massachusetts Life Sciences Center: Bits to Bytes Amount of Grant: Up to $750,000.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Texas Cities Lead Nation in Workers Returning to the Office

CPA Practice

By Steve Brown, The Dallas Morning News. (via TNS) A greater percentage of workers in Texas’ major metro areas are back in the office compared to other U.S. markets. But more than three years after the pandemic sent employees home, office businesses are still struggling to get everyone back at their desks. Austin, Houston and Dallas lead the country in the share of workers back in the building, according to a new report from commercial property firm Transwestern.

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Why is the rent going up – again?

Menzies

Menzies LLP - A leading chartered accountancy firm. There are many challenges around the cost of living and the cost of doing business. The Bank of England’s measure of inflation, the Consumer Price Index, has been above 5% since November 2021 and the Bank’s base rate of interest began to increase shortly thereafter. As the cost of finance has become more expensive, businesses are faced with the choice of profits being squeezed (or even eradicated) or passing on the costs to customers.

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HBK Merges in New York CPA Firm Zapken & Loeb

CPA Practice

Top 50 accounting firm HBK CPAs & Consultants has combined with Zapken & Loeb, a Woodbury, NY-based 70-person CPA firm that provides accounting and business consulting services to business owners, executives, and independent professionals. The merger became official on Nov. 1. As a result of the merger, Zapken & Loeb partners Tanvi Shah, Alex Charitos, Nachu Vellayappan, Kieron Ludde, and Scott Anderson are now principals at HBK.

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Adapting to Change: The Path to Sustainable Investing in a Shifting Regulatory Landscape

Menzies

Menzies LLP - A leading chartered accountancy firm. In this article, we examine how investment managers are responding to environmental challenges and heightened climate change awareness. Emphasising the significance of long-term investment considerations, we highlight the advantages of sustainable investing, including increased financial resilience and access to expanding markets.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

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Financial Cents Adds Integration with Adobe eSignature

CPA Practice

Financial Cents, an accounting workflow software provider, has added integration with Adobe eSignature. This collaboration aims to streamline the way accounting and bookkeeping firms handle document signing, offering a seamless and efficient workflow that enhances productivity and improves client experience. The integration allows Financial Cents users to effortlessly request, track, and manage signatures directly from their Financial Cents dashboard, eliminating the need for manual processes an

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Moving office and managing change

Menzies

Menzies LLP - A leading chartered accountancy firm. Change is inevitable in the workplace. It may be due to advances in technology, market changes, organisational restructuring, or global crises; whatever the reason, organisations must adapt to remain competitive and relevant. Managing change can be a challenging task that requires careful planning, effective communication, and strong leadership.

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Indiana CPA Society Welcomes 2023-2024 Class of INCPAS Scholars

CPA Practice

The Indiana CPA Society (INCPAS) is has announced the latest class of INCPAS Scholars. The INCPAS Scholars is a free, year-long program designed to help high school students learn about accounting and the CPA profession. This national award-winning program provides monthly career and college-prep events, as well as a dedicated mentor for each Scholar throughout the year.

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Why diversity in the boardroom is crucial

Menzies

Menzies LLP - A leading chartered accountancy firm. The lack of diversity within corporate boardrooms remains a significant challenge in today’s business landscape. While progress has been made in recent years, the representation of individuals from diverse backgrounds, particularly in terms of race, ethnicity, and visible disabilities, remains disproportionately low.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Sikich Goes Shopping in Cleveland, Acquires Thornhill Financial

CPA Practice

Top 30 accounting firm Sikich has signed an agreement to acquire the operating assets of Thornhill Financial, a Cleveland-based accounting firm that provides tax, audit, and financial advisory services. The deal, which was announced on Nov. 9, is expected to close at the end of this month. Thornhill Financial employees will continue to work out of their office in the Cleveland-Akron metro area and will integrate several current Sikich professionals into their office space.

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Financial Statements and Informed Business Decisions: A Guide to Financial Management

Canopy Accounting

Understanding an organization's financial health is akin to deciphering a foreign language. This language communicates the story of a company's operations, profitability, and cash flow. Welcome to the world of "Basic Financial Management," a transformative course that equips you with the tools to navigate and interpret the three fundamental financial statements – the Balance Sheet, Income Statement, and Cash Flow Statement.

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Autumn Budget: T&L Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. Read Mark Perrin’s wish list for the Transport and Logistics sector, for the upcoming 2023 Autumn Budget. What are our recommendations? Longer-term investment plan We would support a longer-term investment plan for the freight industry. A plan which spans several terms of government office, enabling sufficient time to implement a futuristic and sustainable infrastructure.

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Unlocking Business Success: Why Fathom Is Your Key to Financial Excellence

Inform Accounting

Inform Accounting are proud to partner with iwoca, a specialist small business lender who have supplied over 90,000 SMEs with finance since 2012. If you’re looking for some short term funds to purchase stock, invest in growth or just keep your cash flow smooth, iwoca might be for you.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.