Fri.Nov 18, 2022

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CPAs, you can have anything you want, but you can't have everything

Accounting Today

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The Guy Who Saw Enron Through Bankruptcy Calls FTX the Worst He’s Ever Seen

Going Concern

If you aren’t familiar with him, John J. Ray III oversaw Enron’s liquidation many years back and now he’s stuck with the monumental task of unraveling FTX after the crypto exchange collapsed last week. @jonwu_ dug through FTX’s Chapter 11 First Day Affidavit so you don’t have to and in it, Mr. Ray has given a scathing review of the company’s operations that make Nigerian princes look like genius masterminds of advanced financial malfeasance.

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Trending Sources

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FTX users can't count on help from the IRS

Accounting Today

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What Has Happened to FTX?

Withum

Explore Other Episodes. The post What Has Happened to FTX? appeared first on Withum.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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KPMG finds hybrid work helps with DEI efforts

Accounting Today

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Not-for-Profits in the Know Panel: Tapping into Talent, Reacting to Market Volatility and Financial Planning for 2023

Anders CPA

We’re wrapping up our 2022?Not-for-Profits in the Know webinar series?designed to educate and empower community leaders to further their missions. With organizations still bouncing back from the pandemic, our last webinar of the year will focus on what your not-for-profit needs to know going into 2023 to start the new year on solid financial ground.

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The Solution To Your Construction Company Equipment Dilemma

Randal DeHart

Is it time for your construction business to invest in some new equipment? And if so, is it a more brilliant business decision and cost-effective to rent or buy? Black Friday, followed by Cyber Monday, is coming. The real question is what equipment is on your business shopping list. It is all a question of your budget, income, cash flow, profit & loss, and taxes.

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The battle between tax cheats and the IRS is about to heat up

Accounting Today

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

Big 4. EY split threatens to weaken both sides of firm, say retired partners [ Financial Times ]. More than 150 retired EY partners have written to the accounting firm’s leadership objecting to the radical plan to split its consulting and audit businesses. In a three-page memo seen by the Financial Times, the retired US partners say the plan as envisaged threatens to weaken both halves of the firm, while also asking whether EY’s global chief executive, Carmine Di Sibio, is properly protecting th

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Global corporate tax rates stabilize after decades of decline

Accounting Today

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Client Spotlight: Diversifying The Film Industry

GrowthForceBlog

3 min read. Department of Motion Pictures is making waves in the film industry. Their wide variety of documentary-style features & series has premiered (and won!) at global festivals like Sundance, Cannes, and Telluride, and has taken home awards such as the coveted Oscar, Grand Jury Prize, and the Peabody award.

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AuditClub launches academy program for accounting students

Accounting Today

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Accessing Restaurant Revitalization Funds

KROST

If you are having trouble accessing your Restaurant Revitalization Fund (RRF), please follow the steps below. If you have not logged into your account through the Small Business Administration (SBA) portal, or it has been a while since your last log in, the SBA may have marked your account as “inactive” In this case, you Read the full article.

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Tech News: SAP aims to upskill 2M people in tech

Accounting Today

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Doing More With Less: The Modern Finance Miracle

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.

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On-Demand Webinar: The Changing Landscape of Vehicle Sales

Withum

Up until now, automobile dealerships have been able to sell electric vehicles without having to make a specific investment for the right to do so. Historically, dealers have been able to sell commercial, internal combustion, and electric vehicles. With the new OEM endeavors and the associated investment expectations being placed upon dealerships, it begs the question, “how will this changing landscape impact the market as a whole?”.

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PCAOB proposes overhaul of quality control requirements for audit firms

Accounting Today

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Which Firm Had the Most IPO Audit Clients In Q3 2022?

Going Concern

The initial public offering slump of 2022 continued in the third quarter, as the 39 IPOs that raised a combined $3.1 billion is significant lower than the 199 IPOs in U.S. markets in Q3 2021, which raised a total of $49.7 billion, according to a new analysis from Audit Analytics. The amount raised in Q3 2022 is the smallest since the first quarter of 2016 when a combined $2.9 billion was raised.

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On the move: MACPA holds CPA swearing-in ceremony

Accounting Today

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8 Pillars of Leadership Development

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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Year-end Reporting and Closing the Books: Why, How, and Tips

Accounting Seed

After you’ve run a business for a while, regular tasks such as managing payroll become second nature. It’s not so easy to get a handle on annual reporting, as it only happens once a year. Yet mastering the report business is important, and not as hard as it seems. Good year-end reporting lets you explain your company’s goals and its story to investors.

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Mark Eckerle and Ryan Babiak, Withum’s Tech Summit Session

Withum

Explore Other Episodes. The post Mark Eckerle and Ryan Babiak, Withum’s Tech Summit Session appeared first on Withum.

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What You Should Know After You Have Incorporated

Ronika Khanna CPA,CA

Deciding whether to incorporate can be challenging for many small business owners. There is a lot of conflicting information and it can be hard to determine, in the absence of experience, what facts are relevant to your situation. The internet can only answer so many questions. It can be helpful to speak to an expert on starting your business , but ultimately the decision is yours.

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Chancellor's Autumn Statement.

Inform Accounting

The Chancellor announced his Autumn Statement yesterday. We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. Indeed, the Chancellor set out his priorities as Stability, Growth and Public Services. What this means is that we are back in Austerity 2.0 mode. Oh, and inflation is still going to be running at 10% across 2023.

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Protect What Matters: Rethinking Finance Ops In A Digital World

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.

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Cryptoasset: What Does HMRC View As Trading?

Menzies

Menzies LLP - A leading chartered accountancy firm. With HMRC’s latest updates to their cryptoasset manual in February 2022, the days of it being uncharted territory are coming to an end. The update in question provides advice regarding the tax treatment of cryptoassets, allowing traders to efficiently organise their digital assets. However, does the new guidance cover enough ground?

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How Hospitality accountants helped Peach Pubs grow and scale-up

Wellers Accounting

Stuart Crook FCA , explains how Peach Pubs grew a successful hospitality chain to achieve an eventual exit.

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Not-for-Profits Cash Inflow for Clean Energy Capital Expenditures

Withum

President Biden signed the Inflation Reduction Act of 2022 (“IRA”) into law on August 16, 2022. The deficit reduction bill invests $369 billion in energy security and climate change programs. A significant portion of this investment is reflected through the modification and creation of new energy credits. . While in previous taxable years, not-for-profits were limited to capturing these cash benefits directly unless they had unrelated business income tax (“UBIT”), under the IRA, all not-for-prof

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The Autumn Statement 2022: What tax rises mean for your finances

Wellers Accounting

Tom Biggs ACA CTA , explains how tax rises will impact on businesses and individuals following the Autumn Statement.

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How to Set Better OKRs and Drive Results

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.

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Trump ex-CFO tells jury he and others committed tax fraud

Accounting Today

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Trump ordered his companies to fight criminal tax fraud case

Accounting Today

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