CTP
OCTOBER 30, 2024
Established, wealthy families have long leveraged the concept of a “family office” to preserve their wealth, ensure business succession, establish governance and control, and foster their family legacy. This type of specialized company has been gaining popularity—and many of them have been on the lookout for a tax planner to complete their financial advisory teams.
Xero
OCTOBER 30, 2024
There is a growing movement in the accounting industry towards new services and cloud-based tools, in large part due to the talent shortage crisis being felt across the US and Canada. The number of US accountants decreased by around 17% in the last couple of years, and this talent shortage crisis is causing pressure to evolve the role of the modern accountant.
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AccountingDepartment
OCTOBER 30, 2024
In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.
Going Concern
OCTOBER 30, 2024
TLDR ChatGPT summary: BDO USA filed a lawsuit accusing a former leader, Phuoc Vin Phan, of leaving to join Ankura Consulting and taking BDO team members and confidential information with him. BDO claims this was part of an Ankura plan to poach its Healthcare TAS practice. Phan denies the allegations, stating BDO’s workplace environment pushed him and others to leave, and counters that BDO fostered a culture of secrecy and intimidation.
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
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. The recent budget has imposed significant challenges on businesses across the board, with the retail sector being particularly affected. The Chancellor has announced several policy changes and tax increases that will impact retail. 1.2% increase in Employers National Insurance Rates A 1.2% increase in Employers National Insurance rates will be a substantial burden on profitability, especially when combined with the reduction in the threshold fo
ThomsonReuters
OCTOBER 30, 2024
← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture. This post delves into the key findings of the report, providing valuable insights and strategies to address these challenges.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 30, 2024
Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. Notably, the guide hones in on the planned sunset of provisions made to the 2017 Tax Cuts and Jobs Act (TCJA). The majority of the changes made by the TCJA are scheduled to expire, or “sunset,” on December 31, 2025, unless Congress acts to extend them.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. HMRC Recruitment Drive The Government has confirmed that 5,000 new HMRC compliance officers will be recruited, with the first 200 of these starting in November. This is expected to cost £1.4 billion over 5 years and raise £2.7 billion by 2029/30. The policy move is designed to close the ‘tax gap’ but this will take time to have an impact ‘on the ground’ as it can take several years before an HMRC compliance officer completes their t
Canopy Accounting
OCTOBER 30, 2024
In this episode of Canopy’s Practice Success Podcast, we sit down with Hannah Smolinski, founder and CEO of Clara CFO Group. We discuss Hannah's experience building a fractional CFO firm, why she chose to focus on CFO services, and the evolving role of fractional CFOs. The conversation covers valuable advice for small businesses and accounting firms, including trends in financial advisory and hiring challenges.
Menzies
OCTOBER 30, 2024
Menzies LLP - A leading chartered accountancy firm. Following Labour’s election win, they have gone ahead with their intention to impose VAT on education provided outside of the state sector. The current intention is that VAT will be imposed with effect from 1 January 2025. The draft legislation and HMRC’s guidance on how they see the legislation applying have been published, however the guidance does not provide clarity on all of the questions arising, or address concerns regarding the drafting
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CPA Practice
OCTOBER 30, 2024
According to the results of a survey released today by the Center for Audit Quality (CAQ), concerns about a potential recession, ongoing inflation, and the U.S. election are fresh on the minds of audit firm partners as the start of 2025 nears. Now in its third year, the CAQ’s Audit Partner Survey asked 1,128 audit partners at the country’s leading public company audit firms about their views on the current business environment in the U.S.
Churchill-Knight
OCTOBER 30, 2024
Today (30 th October 2024), the Chancellor of the Exchequer, Rachel Reeves, presented Labour’s first Budget in 14 years to Parliament. The Autumn Budget 2024 pledges to raise around £40bn for government programmes focused on “national renewal” and narrowing the growing “black hole” in public finances. Our latest article highlights the key announcements in the Autumn Budget 2024.
CPA Practice
OCTOBER 30, 2024
Top 20 accounting firm EisnerAmper has launched a new CFO advisory service line that it says supports the highly specialized needs of the energy sector. EisnerAmper’s advisory group has established a team within its Emerging Sectors Services group, Energy Sector CFO Advisory , led by partner Julie Munn-Sims and managing director Candice Wilson. Munn-Sims and Wilson bring decades of experience helping CFOs and other business leaders focus on transformational excellence and strategic innovation,
Ryan Lazanis
OCTOBER 30, 2024
Client Accounting Services are red hot right now. Learn what they are, why they're important and a 7-step process on how to roll them out. The post Client Accounting Services? | Get Started in 7 Steps appeared first on Future Firm.
Advertiser: Paycor
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Canopy Accounting
OCTOBER 30, 2024
By now, you’re well aware of the rapid changes facing the accounting industry. And while the word “change” can elicit feelings of uncertainty, there’s one solution that will redefine the ways firms chart the future of accounting — collaboration. From advancements in AI to the growing talent shortage and competitive pressures, firms that band together will build a stronger, more resilient industry for decades to come.
Xero
OCTOBER 30, 2024
Cuts to official interest rates and income taxes have begun in some countries, with some hoping the changes would help boost consumer spending. Unfortunately, this doesn’t seem to be the case yet for small businesses, according to the latest Xero Small Business Insights (XSBI) data. What cuts have happened? Central banks have been busy in the past few months, switching their focus from raising interest rates in an attempt to fight inflation, to cutting interest rates to boost growth.
CPA Practice
OCTOBER 30, 2024
The Bonadio Group , a nationally ranked IPA Top 50 CPA firm and the largest independent provider of professional services in Upstate New York, will expand into the Mid-Atlantic region with today’s announcement that it will join with award-winning CPA advisory firm Cover & Rossiter (C&R). The merger is expected to close on December 1, 2024, when all employees of the Delaware-based CPA firm will join The Bonadio Group and C&R will begin to operate under The Bonadio Group brand.
Accounting Today
OCTOBER 30, 2024
Intuit announced new features and capacities, many of them within its QuickBooks line of products.
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.
Accounting Insight
OCTOBER 30, 2024
Mimo’s suite of financial management tools enables businesses and accountants to easily manage money coming in and going out, and is already processing millions of pounds in payments for hundreds of SMBs each month Mimo is proud to announce the launch of its new Accounts Receivable (AR) product, Mimo Get Paid, designed to complement its existing Accounts Payable (AP) product, Mimo Pay.
Accounting Today
OCTOBER 30, 2024
A potential recession is the biggest economic risk factor that audit partners foresee over the next 12 months, followed by regulations and geopolitical instability, according to a survey by the Center for Audit Quality.
Withum
OCTOBER 30, 2024
Microsoft Power Pages is a feature in Microsoft Power Platform that delivers a secure, enterprise-grade platform for creating, hosting and administering modern external-facing business websites. Power Pages empowers anyone, regardless of their technical skills, to build engaging and interactive web experiences using data from various sources, such as Microsoft Dataverse, SharePoint , Excel and more.
Accounting Today
OCTOBER 30, 2024
The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.
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
OCTOBER 30, 2024
Intuit showcases innovation's to fuel accountant success and drive business grown by powering prosperity with AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow your business.
Accounting Today
OCTOBER 30, 2024
The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.
Ryan Lazanis
OCTOBER 30, 2024
Are you struggling to add advisory services without taking on all the work yourself? Learn how to delegate and make advisory work scalable. The post How to Delegate Advisory Work to Your Team appeared first on Future Firm.
Accounting Today
OCTOBER 30, 2024
Richard Chambers is seeing a neverending series of crises confronting internal auditors and posing risks to their organizations.
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.
CTP
OCTOBER 30, 2024
Family offices have been rising in popularity in recent years. These specialized companies focus on managing the wealth and the personal affairs of a family. Oftentimes, established, high-profile families need assistance managing their real estate, businesses, trusts, and other assets—this is where the help of a financial advisory team comes in. By working with a large CPA firm or another company offering family office services, families can maintain privacy, develop a unified strategy, establis
Accounting Today
OCTOBER 30, 2024
The Top 50 Firm is expanding into Delaware with its latest M&A deal.
Shay CPA
OCTOBER 30, 2024
As accountants, we’re more than number-crunchers. We’re in the weeds with our clients, supporting them as they make decisions that shape the future of their companies. We routinely support startups with strategy and process development, laying the foundation they need to scale. And, finally, we found a way to prove that we have expertise that goes beyond the bookkeeping side of things.
Accounting Today
OCTOBER 30, 2024
Xero announced the winners of its annual Beautiful Business Fund competition, who each received a portion of $460,000 in prize money. Four were based in the US.
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.
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