Cherry Bekaert

MAY 3, 2024

Accounting and finance employment is projected to grow 4% from 2022 to 2032, with about 126,500 openings for accountants and auditors each year on average. 1 But attracting and retaining talent is proving difficult for several accounting recruiters and accounting talent acquisition specialists. Many of these openings are expected to result from the need to replace talented employees who have either switched occupations or exited the labor force (e.g., retirement).

accounting and finance 105

accounting and finance Finance Account accountant 105

Accounting Today

MAY 3, 2024

The landscape of Corporate Transparency Act beneficial ownership information reporting continues to evolve, and accountants and others who advise their small business clients need to stay ahead of the curve.

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Account accountant accounted tax accountant 135

Insightful Accountant

MAY 3, 2024

May is Military Appreciation month in the US and we at Insightful Accountant want to say "Thank You" to those who are serving or have served, and to their families for their service.

Account 112

Account accountant accounted 112

Accounting Today

MAY 3, 2024

The Securities and Exchange Commission charged the fast-rising auditing firm with deliberate, systemic failures to comply with PCAOB standards for audits and reviews.

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auditor audit 117

Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

CPA Practice

MAY 3, 2024

Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today announced plans to deliver new AI-enabled capabilities to tax and accounting professionals, as part of its innovation strategy centered on firm intelligence. TAA’s leveraging of advanced, proprietary technologies that incorporate AI and GenAI will equip tax and accounting professionals with the efficiency, information, and insights needed to drive value for their clien

accounting system 101

accounting system Tax Account accountant 101

Accounting Today

MAY 3, 2024

Sen. Ron Wyden, in a letter, demanded that TurboTax refund customers who, due to a software glitch, were inappropriately encouraged to take non-optimal choices, resulting in higher taxes.

Oregon 112

Oregon Tax 112

Accounting Today

MAY 3, 2024

Internal audit hiring manager are looking for recent college grads who have learned about accounting and auditing, but also technology like data analytics.

audit 116

audit Account accountant accounted 116

Cherry Bekaert

MAY 3, 2024

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. At the same time, global expansion increases the level and complexity of taxation. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities.

Tax 96

Tax income tax Non-Profits corporation tax 96

Accounting Today

MAY 3, 2024

Test your knowledge of the biggest accounting headlines of the week. No. 2 pencil not required!

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Account accountant accounted 127

AccountingDepartment

MAY 3, 2024

We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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accounting careers Account accountant accounted 81

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Accounting Today

MAY 3, 2024

When a small company holds a life insurance policy, estate planning gets complicated — which is why assigning it to an individual or a family may be the better choice.

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Tax 88

Accounting Insight

MAY 3, 2024

Investment platform Lightyear today releases new analysis – alongside a vox pop video – that shows that the majority of Brits will miss out on £2,000 of interest in the next five years by keeping their savings in low-interest accounts. Lightyear’s analysis of savings data published by the Bank of England on 30.04.24 shows that the average interest rate on an easy-access savings account is 2.12%, much lower than the current base rate of 5.25%.

Account 59

Account accountant accounted 59

Accounting Today

MAY 3, 2024

Ryan, a Dallas-based international tax firm and software provider, has filed suit against the Federal Trade Commission over the rule issued last week outlawing non-compete employment agreements.

Tax 72

Tax 72

Randal DeHart

MAY 3, 2024

Small construction businesses have several characteristics that distinguish them from larger firms. These characteristics include having a limited workforce, smaller revenue streams, and a more localized focus. They are often run by the owners themselves or a small team of employees. They tend to have a more personal approach to their work, as they are usually more involved in every aspect of the project.

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Construction Finance 52

Advertiser: Paycor

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.

Accounting Today

MAY 3, 2024

Plus, REDW names three VPs; FAF is looking for FASAC members; and other firm and personnel news from across the accounting profession.

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Account accountant accounted 69

Going Concern

MAY 3, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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institute of chartered accountants Technology cpas chartered accountant 110

Accounting Today

MAY 3, 2024

Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

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Technology Account accountant accounted 74

CPA Practice

MAY 3, 2024

By Gail Cole. Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday? What products are included in tax-free weekends?

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Sales Tax Nevada West Virginia 119

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Accounting Today

MAY 3, 2024

Accountants are at a unique juncture where the convergence of a massive redistribution of wealth and rapid technological advancements can redefine their roles and impact.

Technology 53

Technology Account accountant accounted 53

CPA Practice

MAY 3, 2024

By Gail Cole. Hawaii has some of the highest median home prices and rents in the country — and a persistent housing crisis. Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? Governor Josh Green thinks so. Governor Green has vowed to sign into law any bill that would transform STRs and vacant investment properties owned by nonresidents into housing for locals.

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Hawaii Tax income tax Agriculture 116

Accounting Today

MAY 3, 2024

The Top 25 Firm is expanding its footprint east of the Mississippi River to Ohio.

Mississippi 72

Mississippi Ohio 72

CPA Practice

MAY 3, 2024

By Keith Laing, Bloomberg News (TNS) The Biden administration gave carmakers a partial reprieve in finalizing electric vehicle tax credit rules intended to loosen China’s grip on battery materials crucial to the car industry’s future. Starting in 2025, plug-in cars containing critical minerals from businesses controlled by U.S. geopolitical foes, including China, will be ineligible for up to $7,500 tax credits, the Treasury Department said Friday.

Tax 64

Tax Washington Manufacturing Government 64

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.

Accounting Today

MAY 3, 2024

The new advisory service follows Platform's acquisition of Walpole Financial Advisors.

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66

Going Concern

MAY 3, 2024

“Borgers and his sham audit mill have been shut down.” Fresh off the SEC press release press , the Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023.

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auditor audit financial statements CPA 116

Accounting Today

MAY 3, 2024

The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China's grip on battery materials crucial to the car industry's future.

Tax 66

Tax 66

CPA Practice

MAY 3, 2024

By Chris Morris, Fast Company (TNS) The auditor of Donald Trump’s Trump Media has been charged with “massive fraud” by the Securities and Exchange Commission (SEC), which says the company “undermined trust and confidence in our markets.” Audit firm BF Borgers has agreed to pay a $12 million civil penalty to settle the charges. And the company’s owner, Benjamin F.

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audit auditor accounting firms financial statements 116

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

Technology

CPA Practice

MAY 3, 2024

The IRS said it’s gearing up to increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total positive income and nearly triple audit rates on corporations with assets over $250 million by 2026, Commissioner Danny Werfel said on Thursday, as the agency released an update to its strategic operating plan. However, the IRS chief once again emphasized to reporters yesterday that audit rates won’t increase for small businesses and taxpayers making under $400,000, sayi

audit 119

audit Tax Technology Government 119