Thu.Nov 16, 2023

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Elevating Your Accounting Practice: The Critical Role of a Value Committee

CPA Practice

Today, ensuring your firm delivers exceptional value and effectively captures that value through appropriate pricing is crucial. Traditional approaches to scoping and pricing jobs have often been fragmented and inconsistent. Partners and managers handle their own pricing on a client-by-client basis and often end up undercharging. The same client might get a quote from two offices for the same service priced drastically differently depending on who they call.

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How To Qualify For Telecommunications Tax Exemptions

TaxConnex

At TaxConnex, we work with telecommunications service providers  of all sizes.  Many are existing MSPs (Managed Service Providers) or IT management companies that would like to expand their service offering and become “stickier” with their clients. They may have infrastructure in place to support the sales tax requirements of their existing business, but the telecommunications service presents a different set of issues.

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IRS will receive 30M more 1099-Ks

Accounting Today

Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.

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Survey Says: Audit Fees Were Up Almost Five Percent in 2022, In-Person Audit Work Is Back

Going Concern

The Financial Education & Research Foundation (FERF) has released the findings of its 14th Annual Public Company Audit Fee Study , sponsored by Center for Audit Quality. The FERF 2022 Public Company Audit Fee Study Report examines audit fees companies paid to external auditors for auditing and related services for the period between June 2022 and May 2023.

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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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The best small-biz acct'g software, and other tech stories you may have missed

Accounting Today

Plus, Google wants you to ditch passwords, and eight other things that happened in technology this past month and how they'll impact your clients and your firm.

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Exploring E-Commerce Challenges and Opportunities: A Conversation With Brian Anderson From Nacelle

Withum

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Nacelle’s Brian Anderson to discuss the latest challenges faced by e-commerce companies. Exploring E-Commerce Challenges and Opportunities – Part 1 In Part 1 of this interview, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Nacelle’s Founder and CEO, Brian Anderson , to discuss the challenges faced by e-commerce companies, including the impact of p

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The Importance of CFO Services for Scaling Your SMB

GrowthForceBlog

7 min read Most often, a business’s financial strategies consists of covering costs, staying open, and sustainably turning a profit.

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PCAOB fines doubled in recent years

Accounting Today

The board voted to approve a new budget for fiscal 2024 and revealed it surpassed last year's record amount of fines.

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New Sage Intacct Features Give Deeper Insights and Automation to Help Drive Better Business Decisions

Insightful Accountant

New Sage Intacct release extends capabilities to consolidate financials for complex ownership structures, improve project management, integrate ministry financials, improve 1099 e-filing and respond to governance expectations

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EY names Janet Truncale as first female global CEO of Big Four firm

Accounting Today

Truncale most recently was the regional managing partner for EY's financial services organization in the Americas, which includes 14,000 professionals.

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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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Trevor Shaw Recognized by AICPA as Outstanding Contributor to Forensic and Valuation Fields

Withum

Withum is proud to announce that the AICPA has named Trevor Shaw , CPA, ABV, CFF, as a 2023 FVS Standing Ovation Award recipient. The Standing Ovation Program honors successful young professionals with FVS-specified credentials, including Financial Forensics (CFF) and Accredited in Business Valuation (ABV®) and their unique contributions to the field.

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Tax Fraud Blotter: Two-timers

Accounting Today

Shell of a way to work; RICO rip-off; fun with refunds; and other highlights of recent tax cases.

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Debunking Common Myths about DCAA Compliant Timekeeping

Insightful Accountant

Navigating DCAA compliance can be daunting for contractors. Misinformation and myths add to the confusion. In this article, we debunk common myths about DCAA compliant timekeeping.

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Plante Moran's new MP looks ahead to $2B

Accounting Today

Jason Drake will be taking the helm next July and hopes to grow it into a $2 billion firm.

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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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Transforming GovCon Accounting with Technology

AccountingDepartment

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors.

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New ProAdvisor Training and Exams Available

Insightful Accountant

Intuit is "All In With ProAdvisors", so 'New' ProAdvisor training and certifications have just been released. Intuit will offer a QuickBooks Training and Certification Bootcamp in early December.

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AICTP’s Roadmap to Tax Planning: 10 Keys to Growing Your Accounting Advisory Services

CTP

The accounting landscape is changing rapidly. CPAs and EAs are rethinking their strategies for practice management while moving from compliance to advisory services. As firms look to provide more value to clients, many have introduced Client Advisory Services (CAS). It is one of the fastest growing segments in the profession. The American Institute of Certified Tax Planners (AICTP) offers a full-service solution to developing CAS in your firm focusing on the specialization of tax planning.

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New Features Give Sage Intacct Features Deeper Insights and Automation

CPA Practice

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance. These significant advancements will provide increased productivity, insightful data and streamlined business processes for customers.

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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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Go back to basics before busy season to drive resilience

Accounting Today

By focusing on areas where they can drive efficiency, firms can reduce stress in the years ahead.

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Year-End Business Reporting for Growth

SkagitCountyTaxServices

End-of-year can be a bit of a scramble as a business owner. So, b efore we get into holiday craziness, a friendly reminder : year-end is also your prime Skagit Countyopportunity to make the calendar work in your favor as a business. From year-end profitability analysis to staff bonuses to marketing initiatives to capture year-end spending … do not neglect your remaining window of opportunity.

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How certain small business stock could supercharge tax savings

Accounting Today

Financial advisors and tax professionals working with entrepreneurs and potential startup investors should consider an often-overlooked exemption, experts say.

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How to Conduct a Cash Flow Analysis

MineralTree

Conducting a cash flow analysis is an integral part of running a business — dedicating time to this process can mean the difference between barely surviving and thriving. However a cash flow analysis is only as valuable as your ability to understand and interpret the results. By assessing your cash inflows and outflows, you can gain valuable insights into your organization’s financial health, helping you make informed decisions to sustain and scale your operations.

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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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State Pass-Through Entity Tax Updates: November 2023

Cherry Bekaert

Contributor: Tony Konkol, Manager | State & Local Tax Hawaii On October 31, 2023, the Hawaii Department of Taxation issued Tax Information Release (TIR) No. 2023-03 , which provides revised guidance and notice of proposed temporary administrative rules for the state’s Pass-Through Entity (PTE) Tax, replacing and superseding Tax Information Release No. 2023-01 , which was published on July 21, 2023.

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9 Must Watch Movies/TV Series For CPAs and Accountants in 2024

Ace Cloud Hosting

CPAs and accountants play an integral role in the functioning of every small and large business. With multiple tasks, work for these accountants can get hectic at times. Watching movies.

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Internal auditors optimistic on economy, talent, but risks remain

Accounting Today

A recent survey has found internal auditors are optimistic about the economy and about the availability of talent going into 2024 despite ongoing risks in both areas.

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The Technology Lab Podcast – Review of Clockwork – Nov. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Clockwork , an intelligent financial advisory tool that allows firms to connect clients to their AI-powered account in literal minutes and enjoy CFO-level insights with unlimited world-class support. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.

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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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Pentagon fails its financial audit for sixth straight year

Accounting Today

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.

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The IRS Takes Aim at High-Income Non-Compliance With New Pass-Through Unit

Withum

After a decade of budget cuts and watching audit rates of wealthy taxpayers decline due to fiscal constraints, the IRS announced earlier this year its plans to establish a special unit to focus on large or complex pass-through entities. IRS Commissioner Daniel Werfel says the goal is to “disrupt efforts by certain large partnerships to use pass-throughs to intentionally shield income to avoid paying the taxes they owe,” and to “end the era of historically low error rates for we

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Nepsis acquires SBGB

Accounting Today

Nepsis, a Minneapolis-based financial advisory and investment management firm, has acquired Sevenich, Butler, Gerlach, & Brazil, a tax, accounting and consulting firm in Saint Paul, Minnesota.

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Top Remote Accounting Freelancers of the Week: November 16, 2023

Going Concern

Looking to staff up for a season or hire a freelancer for a project? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled and experienced remote freelance accountants ready to join your team with with no up-front cost. We are sharing a sneak peek of a few top freelance accounting candidates available this week with Accountingfly.

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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.