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Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.
Edge Marketing, Inc., a Minneapolis-based public relations and marketing firm serving the legal and accounting professions, has been named a gold winner in two Strategic Communications categories of the prestigious MarCom Awards. The agency was named a gold winner in the Marketing/Promotion Campaign for a Special Event category. This work was in crafting a client’s strategic marketing campaign to drive leads at a national industry event.
One of the biggest financial challenges facing creative agencies and professional services firms is managing cash flow, especially when dealing with high labor costs and project-based work. For these types of businesses, employees are not only the biggest asset but also the largest expense. Yet, even with talent that delivers exceptional value to clients, many firms struggle with a simple yet critical task: getting paid quickly.
The American Institute of CPAs and the Chartered Institute of Management Accountants are launching a new initiative, the AICPA & CIMA Global Women to Watch recognition, to honor women who have made significant contributions to the accounting profession and their peers. This recognition will amplify the global voices of both emerging and experienced leaders in the accounting and finance profession.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. Predictive modeling types: Predictive models are categorized into non-parametric and parametric types, each with unique uses and techniques, including classification models for yes/no responses, outliers models for fraud detection, and clustering models for marketing strategies.
Fintech company Rho has introduced the Rho Partner Portal, a version of Rho designed for its accountant partners. In one central platform, accountants can quickly onboard new clients, manage their cash and spend, and easily provision permissions across staff. “The Rho Partner Portal delivers the cash and spend management experience that Rho customers love, with the added benefit of providing accounting firms a consolidated view of their entire book of business,” Rho says in a blog post.
A day after announcing it had acquired Signature Analytics , a San Diego-based outsourced accounting and advisory firm, top 20 accounting firm Citrin Cooperman has gobbled up another firm, this time Owings Mills, MD-based Clearview Group. Financial terms of the deal, which is expected to close this month, weren’t disclosed. Clearview Group will join Citrin Cooperman with 10 partners and more than 150 professionals.
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
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.
Small business owners who need a vehicle to carry on their business are fortunately able to benefit from a tax deduction for the business use of their car. But given the potential for abuse, the CRAs rules around vehicle expenses are specific and cover what counts as business use, which expenses are allowed, how to calculate your deduction, and how things differ depending on whether you lease or buy.
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.
Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
Sales tax comes with a lot of important terms. One is “drop shipment.” Drop shipments are common in ecommerce and often occur when a seller uses a distributor for order fulfillment to a buyer. In such a transaction, a distributor must charge sales tax to the seller. Sounds simple – and in many ways it is, except that a drop shipment can often involve not two but three locations (usually states) where sales tax must be considered.
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.
Enrolled agents who have a Social Security number ending in 0, 1, 2, or 3 must renew their EA status by Jan. 31, 2025, to ensure they receive their new enrollment card before their current enrollment expires on March 31, 2025, according to the IRS. Per Circular 230 , EAs are required to renew their EA status every three years, and the time frame for renewal is based on the last digit of their Social Security number.
The emergence of virtual cards, especially when combined with AI-powered fintech apps, offers accountants a new approach to solving a long-standing challenge.
Avalara, Inc. , a leading provider of tax compliance automation software for businesses of all sizes, showcased an array of customer-first innovations at this week’s signature Avalara CRUSH customer event in Austin. The company emphasized AI-infused product innovation and features, embedded integrations with popular business applications, and an expanded portfolio of compliance solutions that deliver a more simplified and streamlined experience for Avalara customers.
Announced earlier today, Citrin Cooperman (IPA Top 100 #19 with $674,000,000 in revenue) is acquiring Clearview Group, a Baltimore metro-based management consulting and CPA firm. According to this, CG’s annual revenue is $8.5 million. Put on your tallest wading boots and let’s see the press release : “We could not be happier to add a firm like Clearview Group to the Citrin Cooperman family.
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.
AICPA News is a round-up of recent announcements from the association. AICPA Urges FinCEN to Extend Automatic Disaster Filing Relief to FBAR and BOI Reporting Following a request to the Internal Revenue Service (IRS) for tax and payment filing relief in the wake of Hurricane Helene, the American Institute of CPAs (AICPA) has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) urging them to implement a policy to offer automatic filing extensions for Reporting of Foreign Ban
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By Jake Sheridan Chicago Tribune (TNS) The Chicago City Council emphatically voted down Mayor Brandon Johnson’s plan to hike property taxes by $300 million Thursday, creating a yawning hole in the city’s 2025 budget that must now be closed. Aldermen voted 50 to 0 in a rare unanimous roll call vote to discard the tax hike in a special meeting that lasted just minutes and included no debate.
The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov. 14 issued an invitation to comment (ITC), a staff document prepared at the direction of the FASB chair in which the board doesn’t express any preliminary views.
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.
By Paul Kir Daily Freeman, Kingston, N.Y. (TNS) KINGSTON, N.Y. — U.S. Rep. Pat Ryan has sent a request to president-elect Donald Trump in the congressman’s ongoing effort, unsuccessful so far, to eliminate a cap on a federal tax program. In what is Ryan’s first communication to Trump since the election, the Gardiner (N.Y.) Democrat urged the soon-to-be commander-in-chief to support restoring the state and local tax (SALT) deduction “which will provide significant relief from double taxation,” hi
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