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By Jim Boomer, CPA. As a leader, no matter your position or stance, you must lead effectively through diversity, equity and inclusion (DE&I) opportunities that ultimately impact us all. Pursuing diversity is essential, but how do you build such an environment? This article busts some myths about diversity in the accounting profession and provides tips and strategies on how CPA firm leaders can cultivate a culture of belonging within their organizations.
Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one. A lot of complications Currently, sales tax across the U.S. has many deadlines, often every month – but not on the same day for every business or state.
Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately. In this role, Decker will be responsible for leading the firm’s various professional practices, including Accounting Principles, Independence, SEC Regulatory Matters and the Professional Practice Director group.
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.
The Intuit QuickBooks team is advising accountants and ProAdvisors of impending changes to QBO Navigation, which will give them time to start working with their clients on the upcoming enhancements.
The comment period for “ Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations ” (is now closed which means we get to see the comment letters ( here ). As you would expect (and hope), most are thoughtfully presented and argued like the Center for Audit Quality’s 13,803 words. If you want a serious read on this topic, check out FT’s article.
By Mark Heim, al.com (TNS) Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image, and likeness. “On June 9, the IRS released a generic legal advice memorandum providing specific guidelines for non-profit organizations that engage with student-athletes for their … (NIL),” an A&M statement read Wednesday.
In this webinar “Lies Accountants Tell Themselves”, our panelists discuss Canopy’s recent 2023 Accounting Practice Management Survey and how some of the findings may indicate that accountants are convincing themselves of “truths” that may be damaging their attempts at building a successful firm. Watch the replay video below to gain some perspectives that can help you take a closer look at your own business practices and where there is room for improvement.
The Public Company Accounting Oversight Board saw high rates of deficiency when inspecting audits of brokers and dealers last year, with little to no improvement over prior years.
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.
Pass-through entity taxes (PTET) are constantly changing on a state-by-state basis. To help our clients keep up with the latest PTET election news, please see our monthly PTET election updates. Alabama The Alabama Department of Revenue announced that an extension of the tax year 2022 PTET election due date will be provided for certain pass-through entities (PTEs) that may have intended to elect, but did not execute, a valid election by the original due date.
7 min read The role of the modern chief financial officer (CFO) has handed off the responsibility of maintaining financial reports to the controllers and refocused on financial strategy, financial forecasting, and facilitating organization-wide connected planning. This visionary role requires CFOs to work closely with CEOs, COOs, and other C-suite members to make smart, data-driven decisions about the company's overall leadership, direction, goals, and strategy.
The Accountants Salute the Troops campaign is bringing the accounting profession together to increase awareness of the USO's mission and raise much-needed funding to support the men and women of our military.
How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies. Recent events have changed the calculus on cost and risk minimization, while new government tax incentives force business leaders to plan for and confront new logistics opportunities.
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.
Company culture is a term that is heard quite often from companies all over the world. It's what defines an organization, shaping its values, beliefs, and behaviors. It encompasses employees' shared attitudes and norms, how they interact, and the overall work environment.
Charting a smooth course, either on the open seas or at your audit firm, is an exciting opportunity for explorers and tax professionals alike. And, with the right plan in place, the benefits will be measurable and significant. Here, we will talk through some best practices when implementing new audit software solutions as well as some common pitfalls that can arise throughout the process.
Taxpayers have been pummeled by the same eye-catching ads all tax season: “ Get $26,000 per employee through the Employee Retention Credit! ” Messages like this have been appearing across social media, radio ads, and even roadside billboards. These “ERC mills” make grand promises but provide very few details on how to actually qualify for this lucrative tax credit.
Halo, a next generation GPS wireless dog fence company, has selected NetSuite to automate its key business processes, and support its domestic and international expansion.
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.
Businesses today face increasing pressure to optimize their financial operations while focusing on core competencies. Outsourcing accounting functions has emerged as a strategic solution to enhance financial efficiency, allowing companies to streamline processes, reduce costs, and access specialized expertise—benefits of outsourcing accounting and how it can contribute to improved financial efficiency.
The Treasury Department and the IRS on Thursday released final rules and procedural guidance for a new program established by the Inflation Reduction Act that provides bonus tax credits for qualified solar and wind facilities in low-income communities. The IRS issued initial guidance last February when it launched the Low-Income Communities Bonus Credit Program under section 48(e) of the Internal Revenue Code, which gives eligible solar and wind facilities increased investment tax credits of 10%
No matter your business’ size or industry, healthy cash flow is critical for operations and financial stability. But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. It includes the amounts owed to vendors, suppliers, and other stakeholders for goods or services.
Like most industries, law firms have been impacted by the recent AI boom, and are drawn to the technology’s promise of delivering significant efficiencies and time savings. However, in this highly regulated industry driven by client service, there is an awareness that as lawyers adopt AI, guardrails must be put in place to ensure the software is truly adding value for clients.
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.
We’re excited to share the incredible experiences and moments from our 2nd Annual Company Retreat in New York City. Over three days, our team united for collaboration, gained insights, and enjoyed thrilling adventures that left us with unforgettable memories. Let’s dive into highlights from each retreat day. Day One: Empowering Knowledge, Sharing, and Giving Back The retreat kicked off with warm greetings as our team members reunited and welcomed esteemed guests.
Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance team recently advised Artic Building Services Ltd during its sale to Rockpool backed technical services business, Mecsia Group. As one of the fastest growing technical services businesses in the UK, Mecsia Group completed its acquisition of Artic Building Services in July 2023.
Founded in 2014 by Anne Boden, Starling was the UK’s first mobile bank offering super-fast setup, beautifully simple money management and 24/7 support, all with no monthly fees. From small businesses with big ambitions to freelancers figuring out tax returns, Starling’s award-winning business bank account is designed to make entrepreneurial life a little easier.
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.
In a deal involving two of the 75 largest accounting firms in the U.S. by revenue, Raleigh, NC-based Cherry Bekaert said on Thursday it has acquired Louisville-based firm MCM CPAs & Advisors. MCM has approximately 370 employees in six offices spread out over three states and brought in nearly $72.9 million in revenue during its most recent fiscal year, making it the 75th largest firm in the U.S.
“ Get $26,000 per employee through the Employee Retention Credit! ” Messages like this have been popping up across social media, radio ads, and even roadside billboards. Swarms of “ERC mills” have been making grand promises to taxpayers—but they provide very few details on how to ensure you actually qualify for this lucrative tax credit. Before you buy into the pitches made by ERC promoters, make sure you have a basic understanding of how the Employee Retention Credit works.
On August 3, 2023, Treasury and the IRS issued proposed regulations and a press release identifying monetized installment sale transactions and substantially similar transactions as Listed Transactions. A Listed Transaction is a type of transaction that requires participants (and material advisers) to report their involvement in the transaction to the IRS on a special disclosure form that is attached to their tax return and sent to the IRS’s Office of Tax Shelter Analysis.
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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