Wed.Jan 18, 2023

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Stand at the forefront of digital transformation: automation strategies transforming finance

Accounting Insight

The role of a Chief Financial Officer (CFO) has changed dramatically over the past few years. Finance leaders, who once found themselves simply forecasting, budgeting, and reporting, are now responsible for defining a strategy for a company and seeking productivity improvements that increase growth potential. It has never been more important to understand business technologies and the benefits they can bring across an organisation.

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State CPA Societies in Action: Illinois CPA Society

CPA Practice

Founded in 1903, the Illinois CPA Society (ICPAS) is one of the largest state CPA societies in the nation, with the core mission of “enhancing the value of the CPA profession” through meaningful and convenient education, timely and relevant information, influential advocacy, and countless opportunities to make powerful professional connections. ICPAS serves an extraordinary community of more than 22,600 accounting and finance professionals in a variety of CPA and non-CPA roles positioned through

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Accountants Will Not Be Motivated to Get Back to the Office

Going Concern

Someone sent us this r/accounting thread on returning to the office the other day and wanted to make sure we call out one comment in particular. You’ll see why in a second. The question of what would motivate you to go back to the office has been asked before, in a multitude of ways, and each time the answer(s) are along a predictable spectrum ranging from “nothing, I’m not going back” to “let’s see the partners return to office first.” This thread is no

Account 116
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Fordham University and Deloitte Offer Scholarships for Accounting

CPA Practice

In an effort to support a racially and ethnically diverse student population and help strengthen the pipeline of diverse CPA talent, the Fordham University Gabelli School of Business has announced its collaboration with the Deloitte Foundation in the Deloitte Foundation Accounting Scholars Program (DFASP). Launched in 2021, the DFASP works in parallel with Deloitte’s MADE (Making Accounting Diverse and Equitable), a $75 million commitment to fuel greater racial and ethnic diversity in accounting

Account 119
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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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Tax Fraud – It’s Still Criminal

Withum

There are several actions that a taxpayer can take that may result in a criminal referral or perhaps just the imposition of the civil fraud penalty. These all fall under the umbrella of tax evasion, but it is broader than that. In fact, there are several different actions a taxpayer can take or fail to take that can result in them being on the wrong side of an IRS inquiry.

Tax 106
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61% of North American Workers Stress More Over Finances than Last Year

CPA Practice

61% of employed North Americans are more stressed about their finances today than they were a year ago – and are experiencing the highest level of financial stress since the financial crisis of 2008. That’s according to a new survey by Ceridian, a global leader in human capital management (HCM) technology. This study, created in partnership with the Financial Wellness Lab of Canada , surveyed more than 4,200 workers across the United States and Canada to analyze three clusters of people – Stress

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More Trending

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61% of North American Workers More Stress Over Finances than Last Year

CPA Practice

61% of employed North Americans are more stressed about their finances today than they were a year ago – and are experiencing the highest level of financial stress since the financial crisis of 2008. That’s according to a new survey by Ceridian, a global leader in human capital management (HCM) technology. This study, created in partnership with the Financial Wellness Lab of Canada , surveyed more than 4,200 workers across the United States and Canada to analyze three clusters of people – Stress

Finance 98
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Top 100 ProAdvisors: Meet Ability Business' Lisa Burnett

Insightful Accountant

In our continuing spotlight of last year's Top 100 ProAdvisors, Lisa Burnett talks verticals, mission statements and where the road ahead may lead.

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Business Leaders Optimistic for 2023, But Inflation and Staffing Worries Linger

CPA Practice

According to a new survey, 70% of business leaders said they anticipate their revenue to increase year-over-year. However, they reported that the challenges of the past three years have contributed to ongoing stress. The 2023 findings of the fifth-annual Priorities for Business Leaders survey, commissioned by Paychex, Inc. , reflect the sentiments of 450 businesses employing between five and 500 employees across the U.S., and highlight the issues top of mind for leaders in today’s complicated ec

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5 Tips For Growing Businesses in 2023

AccountingDepartment

Smart financial planning is something that sets successful growing businesses apart from others. Whether a business is new or growing in size , these 5 tips can be used by business owners to smarten up their business finances and prepare themselves for a successful future.

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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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Update: IRS Extends Filing Deadline for California Storm Victims: Tax Relief Available

KROST

The Governor’s office announced on January 13, 2023, that California will conform to the filing extensions granted by the Internal Revenue Service (IRS) for California storm victims. This means that filing and payment deadlines for affected individuals and businesses in California are extended to May 15, 2023. On January 10, the IRS announced tax relief Read the full article.

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Investing in Technology To Secure Outside Investment

Withum

Private equity and venture capital investments in growth organizations have grown exponentially in recent years, with $1.3 trillion invested in 2021 alone. . Startups and seasoned organizations need a bit of a push to realize their potential; through a monetary investment and the sophisticated leadership that comes from these external investment firms in exchange for an equity stake in the organization.

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Digitalization and Continuous Improvement: A Recipe To Achieve Process Maturity

Cherry Bekaert

Stay Connected Continuous improvement methodologies identify opportunities to streamline work and reduce waste, advancing process maturity in organizations. In this episode of Cherry Bekaert’s Digital Journeys podcast, Jim Holman , Director of Strategy & Operations, welcomes Steve Holliday , Director in our Digital Advisory practice. Together, they unlock how digitalization and continuous improvement can help organizations achieve the highest levels of process maturity.

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Mackenzie Patel, Senior Revenue Accountant at Figment

Withum

Explore Other Episodes. The post Mackenzie Patel, Senior Revenue Accountant at Figment appeared first on Withum.

Account 98
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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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Small Business Administration Size Standards

Cherry Bekaert

Stay Connected What are size standards and how does the Small Business Administration (SBA) determine a small business’s size? In this episode of Cherry Bekaert’s Government Contracting podcast series, John Ure and Carol Marin , Tax Partners in Cherry Bekaert’s Government Contractor Industry practice join James Kahrs , a Business Development Director in the Firm’s GovCon practice.

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George Clooney to Headline Expensicon 2023

Insightful Accountant

The event welcomes the award-winning actor, businessman and philanthropist to kick off the festivities at Borgo Egnazia in Puglia, Italy.

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Joey Ryan, CFO of TrustSwap

Withum

Explore Other Episodes. The post Joey Ryan, CFO of TrustSwap appeared first on Withum.

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NetSuite 2023 Release 1 Brings Enhancements Around Accounts Payable Automation and More

Insightful Accountant

NetSuite 2023 Release 1 helps finance leaders 'do more with less' via valuable, time-saving new features that provide more automation and flexibility than ever.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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2022 Holiday Retail Sales Grew 5.3% to $936 Billion

CPA Practice

Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF says. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of between 6% and 8% growth for the year.

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How Do You "Welcome" a New ProAdvisor Leader?

Insightful Accountant

Fellow ProAdvisors, let’s all give a big welcome to Tiffany Beltis as the new leader of the ProAdvisor Program.

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George Clooney to be Headline Speaker at ExpensiCon 2023

CPA Practice

George Clooney will be the headline speaker at this year’s ExpensiCon , which will be held in Puglia, Italy, May 18-22. 2023. Expensify , Inc. is the maker of a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, and bills. ExpensiCon is an invite-only, all-expenses-paid conference that brings together innovators, thought leaders, disruptors, and transformers of the accounting profession and supporting indu

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Multicurrency in QuickBooks Desktop - Esther Wrote the Book

Insightful Accountant

If you deal in multicurrency and use QuickBooks Desktop, Esther Friedberg Karp has literally written the book for you!

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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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Help reclaim business VAT with automated expense management

Accounting Insight

You could be eligible for VAT recovery from HMRC via quarterly or monthly returns as a business enterprise. But without the right resources to reclaim that money back, you might be losing out on some valuable funds. When it comes to your business, every penny counts. And despite your best efforts to save on expenses and increase profits, there’s a good chance you’re missing out on one major source of money: VAT recovery.

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The CASS Rules and how they may apply to you

Menzies

Menzies LLP - A leading chartered accountancy firm. What are we talking about? The FCA set out the CASS rules (Client Asset Sourcebook) to help guide and regulate FCA registered firms who hold or control client money or custody assets. The sourcebook is a comprehensive document that deals with all elements of CASS including who should apply what elements of the rules and what they need to do.

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Goering & Granatino, P.A Joins the BDO Alliance USA?

CPA Practice

The Overland Park, KS, firm of Goering & Granatino, P.A. has joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. As an independent member of the BDO Alliance USA, Goering & Granatino, P.A. can expand the services offered to clients by drawing on the resources of BDO USA, LLP, one of the nation’s leading professional services firms, and other Alliance members.

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Hiring a Consultant for Your Skagit County Business

SkagitCountyTaxServices

Remembering and honoring Martin Luther King this week has me thinking once again about being a voice. It’s hard not to get inspired listening to the iconic words of the famous I Have a Dream speech (if you’ve never listened to the entire speech, it’s worth the listen — and it’s shorter than most people realize). It makes me think about how being a business owner is about so much more than merely “running a business.” What we do has a real impact on real people.

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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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It’s Criminal!

Withum

There are several actions that a taxpayer can take that may result in a criminal referral or perhaps just the imposition of the civil fraud penalty. These all fall under the umbrella of tax evasion, but it is broader than that. In fact, there are several different actions a taxpayer can take or fail to take that can result in them being on the wrong side of an IRS inquiry.

Tax 52
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Motivate with Magnetism

Summit CPA

Find out what motivates people and you’ll understand what drives their decisions. Tis the season for … stress. I get it; people are burnt out. They’re even quietly quitting. Whatever the specific issue, there’s an underlying problem–a lack of motivation. But what if it’s not that people don’t want to work? What if their job is just offering them the wrong kind of motivation?

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How Your Firm’s Digital Client Experience is Directly Related to Staff Happiness and Productivity

CPA Practice

By Chris Farrell, CPA. When asked why they went into the profession, most accounting professionals will answer, “Because I want to help my clients succeed.” It’s true that the accounting profession provides great career paths, with lots of interesting things to work on, but the biggest thing that motivates accounting professionals is their big hearts.

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What is Financial Due Diligence?

Shay CPA

When you’re trying to get people excited about your idea, it’s tempting to want to gild the lily. But startup founders should never put themselves in a position where they’ve overpromised only to underdeliver. It can — and almost always will — catch up to you because of a little thing called financial due diligence. . This is the process potential investors use to vet your startup.

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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.