Mon.Jul 31, 2023

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Achieving that sale getting harder for small businesses

Xero

Small business owners are well aware how hard it is for their customers right now, who are trying to stretch their budgets to cover the rising cost of household bills, transport, housing and debt repayments. This isn’t leaving a lot of cash to spend in their local small business. This difficult task of making a sale is showing up clearly in the latest Xero Small Business Insights (XSBI) data, with sales growth slowing across all Australia, Canada, New Zealand, the UK and the US.

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AICPA Forms Advisory Group to Create Strategy to Address CPA Talent Shortage

CPA Practice

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license. The National Pipeline Advisory Group’s work is part of a multi-pronged approach that includes an intensive effort to use technology, surveys and in-person forums to solicit insights and input from a diverse array of groups

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Withum Interns Create Nationwide Impact on National Intern Day

Withum

As businesses across the United States celebrated National Intern Day, Withum interns took to their communities to engage with local organizations and volunteer at nonprofits nationwide. Over 120 interns from 18 offices volunteered 225 hours over the week of July 24. Four of the offices chose to volunteer with their local Boys and Girls Club chapters, spending time with the children at the club, organizing activities and speaking about the transition from high school to college and starting a ca

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WEBINAR: Keep Your Head Above Water with Updated Flood Insurance Guidance for Financial Institutions 

Anders CPA

Wednesday, August 30 at 10:00am CT Has your financial institution updated its flood insurance procedures to reflect the revised and expanded interagency Q&As?  A year after the updated Q&As were released, we’re taking a deep dive into which revisions clarified gray areas and which have introduced new policy complications that must be properly understood in order to comply with the regulation.

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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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Ascend acquires offshore accounting services provider

Accounting Today

The PE-backed platform for CPA firms has acquired India-based Sentient Solutions for Accounting.

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Monday Morning Accounting News Brief: ‘Auditors Are Not Lawyers’; Big 4 Break Up? | 7.31.23

Going Concern

Hello and welcome to the last Monday Morning news brief of July. [Insert generic comment about “wow the year is just flying by” here] Let’s get right to it, shall we? PwC, Deloitte, KPMG and EY headed for a break up, says “one of Australia’s most esteemed public servants” in The West Australian : Allan Fels, who served an eight-year term as the inaugural chair of the Australian Competition and Consumer Commission, told The West Australian the recent PwC tax leak sca

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Withum Expands to New Baltimore Location

Withum

BALTIMORE, MD. (August 1, 2023) – WithumSmith+Brown, PC (“Withum”), one of the top 25 public accounting and advisory firms in the country, announced today that the firm is expanding its national footprint through the acquisition of two practices based in Baltimore, MD. The first practice includes the specialized healthcare assurance and risk consulting practice of Baltimore-based TMDG, LLC.

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A steep rise in changes to sales tax rates

Accounting Today

But the majority of those changes are actually decreases, according to a new report from Vertex.

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Nearly Half of Workers Surveyed Say They Are Looking for a New Job, or Will Within a Year

CPA Practice

Research from talent solutions and business consulting firm Robert Half points to more movement in the job market. According to a survey of more than 2,500 workers in the United States, 1 in 4 respondents are currently looking for a new role, and an additional 24% plan to start searching by year-end. The combined percentage (49%) is up three points from December 2022.

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What CAS looks like

Accounting Today

New research from Accounting Today offers a clear picture the evolution of client accounting/advisory services practices.

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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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How to Ensure Long-term Lease Accounting Success

Insightful Accountant

A new webinar by LeaseCrunch will help guide attendees through preparing for the next chapter of ASC 842 lease accounting implementation. See how to sign up today.

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EU companies get ESG rules aimed at addressing climate risks

Accounting Today

Tens of thousands of companies operating in Europe face new requirements to report their operations' climate impact.

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20 Offshoring and Outsourcing Best Practices for Accounting & Tax Firms

CPA Practice

By Shawn Parikh. In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. These practices involve delegating certain tasks or entire processes to external service providers located in different countries.

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FASB proposes income statement disclosure changes

Accounting Today

The board proposed an ASU Monday to give investors more information about a company's expenses.

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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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Professionals on the Move – August 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. Schneider Downs Announces Seven Additions to Ownership Group Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, recently announced the addition of seven new shareholders to its ownership group.

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EU climate rules align with ISSB and GRI standards

Accounting Today

The European Commission adopted the European Sustainability Reporting Standards on Monday; they will take effect in 2024.

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Top 100 2024 Certification Clues: QuickBooks Online

Insightful Accountant

In Part 6 of Murph’s Clues for Top 100 2024, he examines the current QuickBooks certifications and their training opportunities.

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Maximize Your ROI by Migrating From Lotus Notes to Microsoft SharePoint: Part 3

Cherry Bekaert

It can be quite costly to retain legacy Lotus Notes applications when you’re adopting new Microsoft technologies, or any other solutions. Migrating from Lotus Notes to SharePoint can offer valuable benefits and maximize your organization’s return on investment (ROI). In this third episode of Cherry Bekaert’s Digital Journeys podcast series on migrating from Lotus Notes to SharePoint, Trace Armstrong , Senior Manager in our Digital Advisory practice, reconvenes with Erin Robinson , Senior Archi

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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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The ERC maze: A guide to avoiding common errors

Accounting Today

With the IRS cracking down, knowing when and how clients can claim the credit — and when they can't — is critical.

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Enhanced FDIC Insurance Coverage up to $175 Million: Safeguarding Your Deposits with IntraFi Network Deposits

KROST

Protecting your financial assets and ensuring the safety of your deposits are crucial considerations for individuals and businesses alike. In this article, we will dive into the benefits of IntraFi Network Deposits, a service designed to enhance the security of your deposits. Whether you’re looking to protect your personal savings, business funds, or any other Read the full article.

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Kathy Grosskurth on the Power of Taking Action

Insightful Accountant

Bookkeeping Clean and Simple's Kathy Grosskurth and Insightful Accountant's Gary DeHart discuss the importance of taking action to grow your business, and more. The latest edition of Accounting Insiders is here.

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AICPA News – July 2023

CPA Practice

AICPA News is a round-up of recent announcements from the association. AICPA & CIMA update Global Management Accounting Principles to reflect new era of digital acceleration and ESG The Association of International Certified Professional Accountants, representing AICPA & CIMA, recently released a new edition of their Global Management Accounting Principles (GMAP).

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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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Unlocking Value Through Earn-Outs: A Guide to Contingent Consideration in M&A Transactions

Withum

In today’s competitive business landscape, mergers and acquisitions (M&A) have become a crucial growth and value-creation strategy. As buyers navigate the complexities of deal-making, contingent consideration (AKA earn-outs) can provide a powerful tool to bridge valuation gaps and align interests between buyers and sellers. With the support of experienced valuation specialists, such as those at Withum, you can optimize your acquisition strategy and unlock the full potential of continge

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Harnessing the Power of KPIs: A Guide for CPA Firm Owners

CPA Practice

By Julie Smith and Glenn Dunlap. As a CPA firm owner, you understand the importance of delivering high-value insights to your clients. One of the most effective ways to do this is by discussing Key Performance Indicators (KPIs) and industry benchmarks. This not only provides your clients with a clearer understanding of their business performance but also strengthens your advisory relationship with them.

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The AI Revolution: Business Applications Over the Years and Into the Future

Cherry Bekaert

AI has been around for years in back-office functions like IT and finance, but with the boom created by ChatGPT and generative AI, it is everywhere now. Increasingly, front-office teams, particularly innovation and R&D groups looking to understand more about their customers, are using AI tools to dive deeper in their work. Hans Mueller-Schrader , Engagement Leader at Cherry Bekaert, sat down with Hisham Nabi , Managing Director, and Rashaad Balbale , Senior Strategy Engagement Leader, in the

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Banks to limit carbon accounting in stock, bond sales

Accounting Today

A majority of an industry working group voted to exclude two-thirds of the emissions linked to their capital markets businesses. The accounting standard won't be mandatory.

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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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LeaseCrunch Announces Upcoming Webinar “Preparing for the Next Phase: Ensuring Long-Term Lease Accounting Success”

CPA Practice

LeaseCrunch LLC , an accounting software company, has announced its upcoming webinar “Preparing for the Next Phase: Ensuring Long-Term Lease Accounting Success.” This webinar, taking place on August 23 at 1:00 p.m. CDT, will explore the crucial steps to prepare for the next chapter of ASC 842 lease accounting implementation. Led by Jess Vento, senior director of accounting at LeaseCrunch, participants will gain valuable insights and strategies to ensure extended success in lease accounting.

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HBK's Vertilocity adds CRM experts

Accounting Today

The Top 100 affiliate is merging with North Carolina's Relevant CRM.

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Dave's Tax Takeaways: Understanding 401K Catch-up Contributions

Summit CPA

Dave Danic, Director of Tax at Summit Virtual CFO by Anders, has an update on 401K Catch-up Contributions.

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Why your advisory practice isn't growing

Accounting Today

Many firms find they're hitting a major hurdle when it comes to taking advisory services to the next level; Sarah Dobek shares why, and what to do about it.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.