Mon.Sep 25, 2023

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Financial Reporting for Newly Funded Startups

BurklandAssociates

New investment brings new financial reporting requirements to keep your investors and board of directors updated and informed. The post Financial Reporting for Newly Funded Startups appeared first on Burkland.

Account 147
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Lee victims in two states get tax relief

Accounting Today

The IRS says taxpayers in Maine and Massachusetts who were hit by the hurricane now have until Feb. 15 to file and pay some taxes.

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Power BI and Financial Reporting: Examples and Templates

Acterys

Most businesses would benefit from better financial planning and analysis (FP&A), whether it’s through extended planning horizons, more frequent updates or taking a different approach to planning. Over 60% of organizations plan to make changes to their FP&A , according to Deloitte’s global planning and budgeting survey. Microsoft Power BI can simplify the financial reporting process, but it’s not an out-of-the-box solution for every need.

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Art of Accounting: Your marketing sucks

Accounting Today

Good marketing ideas do not wither with age.

Account 128
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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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13 Power BI Planning and Forecasting Questions to Consider

Acterys

Microsoft Power BI is a powerful analytics and business intelligence tool that helps users connect, model and visualize business data and integrate those visuals into commonly used apps and services. Businesses looking to make data-driven decisions rely on the platform for meaningful solutions and insights. But even if you’re using Power BI planning and forecasting to streamline your financial planning and analysis (FP&A) process, there’s probably more you can do to maximize its impact.

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CPA Mobility: Separating fact from fiction

Accounting Today

Innovation is possible within the current framework, contends Blake Oliver.

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More Trending

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Managing your firm's technology

Accounting Today

What are the absolutely essential considerations to bear in mind when building out an accounting firm's tech stack?

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Office Jargon No-Nos: Avoid Using These Nine Business Phrases

CPA Practice

By Christopher Zara, Fast Company (TNS) If you’re out of pocket, circling back, getting your ducks in a row, or worried about too many cooks in the kitchen, it might be time to stop drinking the Kool-Aid. Or to put it another way, please consider reducing your use of professional jargon around the office, as such language tends to annoy your colleagues and may have a negative impact on workplace inclusivity.

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The fundamentals of firm technology

Accounting Today

Thought leaders on accounting tech share just what tools and systems a practice has to have today.

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AICPA & CIMA Launch AI-Guided Tool for Students Pursuing Careers in Accounting and Finance

CPA Practice

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are rolling out Career Launchpad , an artificial intelligence-guided program for students interested in accounting and finance. The global offering provides valuable insights and guidance to kickstart careers within the profession. Career Launchpad offers AICPA & CIMA student members an opportunity to access real-world career stories, expert advice, and behind-the-scenes information fro

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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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The state of accounting technology

Accounting Today

Technology expert Randy Johnston shines a spotlight on what accounting tech can do for you now — and what it's going to do for you in the future.

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Generational Slang Divide at Work Makes Communication More Difficult, Survey Finds

CPA Practice

By Michael Grothaus, Fast Company (TNS) If you sometimes feel like your older or younger co-workers are speaking another language, that’s because, well, they are. No matter your age, the generation you belong to has unique vocabulary—slang—that makes perfect sense to you but can leave others scratching their heads. And this generational slang divide is causing communication confusion in the workplace, according to a new report from the online tutoring company Preply.

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8 Must-Have QuickBooks Reports That Can Simplify Your Tax Filing Process 

Ace Cloud Hosting

Did you know that QuickBooks has your back when it comes to simplifying your tax filing process? Well, it does, and it’s a game-changer. QuickBooks, the versatile accounting software, is.

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IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine

CPA Practice

The IRS on Monday announced that all individuals and business owners in Maine and Massachusetts now have until Feb. 15, 2024, to file their tax returns and make tax payments because of Hurricane Lee’s impact. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify.

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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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Three payment trends accountants need to know

Xero

This guest blog was written by the team at the leading bank payment solution, GoCardless. With interest rates at the highest level since 2012 in Australia and costs rising across the board, it can feel like the macro environment is designed to dent you and your clients’ businesses. But it’s not all doom and gloom. As you’re at the centre of your customers’ financial processes, you’re in the perfect position to make strategic recommendations and add greater value to their businesses.

Account 105
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7 Steps to Create a Culture that Attracts A-Players

CPA Practice

Building high-performing teams in a variety of industries has been the highlight of my career. I have learned plenty along the way about finding the perfect candidate for each unique role in each specific company that I’ve worked for. During my time as an executive recruiter, I have successfully placed hundreds of mid-level to C-level executives. However, it is building my own companies that has taught me the most about culture.

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Optimizing Timesheet Management for Your Business

Patriot Software

Time is money, and for small businesses, effective timesheet management can make all the difference. In this comprehensive guide, we’ll walk you through the strategies and tools that can help you take control of your timesheets and propel your business to new heights.

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How to Accurately Price Advisory Services

CPA Practice

By Sandy Petty, CPA, CGMA, PHR, SHRM-CP Determining the right pricing strategy for advisory services is a science and an art. It involves an understanding of your clients’ unique needs, the complexities of their business, the value your firm is offering and bringing to the table, and the competitive landscape. I want to dive into the essential aspects of pricing advisory services to help my tax and accounting peers navigate this crucial aspect of their practice.

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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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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

This stock photo is incredible. It really has nothing to do with the post, just needed an excuse to use it. It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. As usual, it’s mostly terrible controls and the resulting embezzlement, this time there’s also a pervert in here so that’s something different.

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Xero Partners with PrimeGlobal

CPA Practice

Xero , the global small business platform, has signed a new three-year global agreement with PrimeGlobal to empower its member firms to adopt and use Xero’s cloud accounting solutions to help their clients grow and succeed. PrimeGlobal is an association of independent accounting and business advisory firms comprising more than 300 highly successful independent member firms across 112 countries.

Education 111
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How AI can help tax and accounting professionals attain their goals

ThomsonReuters

Jump to: AI for firms: operational improvements and new services AI for in-house departments: protect the business and enable growth Client communication benefits through AI AI for firms: operational improvements and new services One of the main benefits of AI is the potential to improve productivity and efficiency. According to the new report, “Future of Professionals”, 59% of tax and accounting professionals working at firms cited productivity as their top priority, and 55% selecte

Tax 104
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Five Tips for Giving Employees Gifts That Will Make a Difference

CPA Practice

By David Leeds. The holiday season provides an opportunity for companies to express gratitude and appreciation to their employees and customers. It’s a time to end the year on a positive note, strengthen relationships, and lay the foundation for a promising new year. However, as the saying goes, “It’s the thought that counts.” A poorly chosen gift can have unintended consequences, like leaving employees disappointed.

Education 111
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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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Boomer's Blueprint: Visioning lays the foundation for transformation

Accounting Today

The process requires time to think, plan and grow individually and as a firm.

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FTC Warns Five Tax Prep Giants About Possible Fines for Misusing Client Data

CPA Practice

The Federal Trade Commission (FTC) said on Sept. 18 it warned five tax preparation companies that they could face thousands of dollars in fines for using clients’ confidential data for purposes other than tax preparation, such as advertising. According to an FTC document , the five tax prep companies that were warned are: H&R Block Intuit TaxAct Tax Slayer The Lampo Group LLC d/b/a Ramsey Solutions “Consumers trust tax preparers with sensitive information about their finances, marital status

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Nikki Haley promises to cut taxes, change Social Security

Accounting Today

The would-be Republican candidate is proposed eliminating the state and local tax deduction entirely, among other things.

Tax 78
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Professionals on the Move: Sept 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.

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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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SEC charges telecoms co. over disclosure failures

Accounting Today

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

Account 75
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R&D Tax Credit Proposed Major Changes for 2024

Withum

Major changes to the Research & Development (R&D) tax credit could be coming for tax years starting in 2024, as the IRS has proposed adjustments to Form 6765, “Credit for Increasing Research Activities”. Form 6765 is the form taxpayers attach to an original or amended federal tax return to report qualifying research expenditures (QREs) and their associated claim for the R&D tax credit.

Tax 75
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Monday Morning Accounting News Brief: UK Big 4 Firms Overhired, Dump Staff; KPMG Bracing For (Another) Big Fine | 9.25.23

Going Concern

Happy Monday, here we are again. Let’s dispense with the pleasantries and get to it. ICYMI: There’s more fresh news crammed into last Friday’s Footnotes. It’s a miracle we have so much going on this time of year. Financial Times writes about Big 4 firms dumping staff in the UK , “they’ve overhired”: When Deloitte cautioned staff earlier this month that it planned to cut about 800 jobs in the UK, it blamed slowing growth and economic uncertainty.

Account 64
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AICPA & CIMA introduce AI-guided Career Launchpad

Accounting Today

The program gives student members access to real-world career stories, expert advice, and information from accounting professionals on a range of subjects.

Account 60
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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.