This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
By Mike Varney, Vice President, Finance and Operations at Extend. The alarm bells in accounting have been ringing for years: fewer people want to join – or stay – in the profession. The American Institute of Certified Public Accountants (AICPA) said in its “2023 Trends” report that the percentage of accounting graduates fell 7.8% between 2021 and 2022, after steady decreases of 1-3% since 2015-16.
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.
Updated: Oct. 17, 2024, with comments from Intuit and the AICPA. TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts. The irritation factor for some tax professionals and CPAs who provide tax preparation services is that Intuit, the maker of TurboTax and several other consumer b
Halloween rears its spooky head every year, and Australian feelings are mixed. Halloween is an American cultural export, where costumed kids take the streets searching for lollies, and adults either hand out treats at the door or attend dress-up parties with varying degrees of effort. Regardless of what Aussies think, however, data shows that consumers regularly splurge during the spooky season , cementing that Halloween is here to stay.
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
State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. Addressing this problem will require a multifaceted approach, including educating legislative bodies about the value of the CPA, offering competitive salaries for CPAs in government and fees paid to outside auditors, and reviewing the thresholds that trigger certain kinds of aud
For small business owners and startup founders, navigating the complex world of tax deductions can feel like traversing a financial minefield. Yet, understanding and maximizing these deductions often marks the difference between merely staying afloat and truly thriving. The IRS allows businesses to deduct a wide range of “ordinary and necessary” expenses, but the devil, as they say, is in the details.
From startups to multinationals, Microsoft Excel is at the core of countless organizations’ data analysis and decision-making processes, with the Association for Financial Professionals (AFP) noting that 70% of all companies “rely heavily” on spreadsheets for financial activities. On its own, Excel may not be enough, especially for FP&A processes requiring access to multiple sources of complex external data.
From startups to multinationals, Microsoft Excel is at the core of countless organizations’ data analysis and decision-making processes, with the Association for Financial Professionals (AFP) noting that 70% of all companies “rely heavily” on spreadsheets for financial activities. On its own, Excel may not be enough, especially for FP&A processes requiring access to multiple sources of complex external data.
Top 20 accounting firm Citrin Cooperman is expanding its presence in Connecticut and New England by acquiring Teplitzky & Co., a Woodbridge, CT-based accounting, consulting, and tax firm specializing in the healthcare industry, effective next month. Financial terms of the deal weren’t disclosed. Teplitzky will join the Citrin Cooperman alternative practice structure with five partners and more than 20 professionals.
With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.
Despite soaring concerns about their business’ financial security and personal job security, the survey found that small to midsize businesses across the country are investing in technology more now than the past three years, both foundational and emerging. This is according to the fifth annual Verizon State of Small Business survey. In the past year, the number of SMBs using AI has more than doubled (39% of SMBs are using AI in 2024 compared to 14% in 2023), in large part due to the growing fam
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 Indiana CPA Society’s statewide 19th annual CPA Day of Service was Sept. 27, when teams from 15 organizations completed 19 service projects in 17 Indiana communities: Carmel, Columbus, Fishers, Fort Wayne, Goshen, Greensburg, Indianapolis, Lafayette, Michigan City, Muncie, Portage, Notre Dame, Seymour, South Bend, Valparaiso, Warsaw and Winona Lake.
Balance Sheet Companies are required to prepare a certain number of documents called financial statements. One of these is the balance sheet. Yet it is neither a balance nor a sheet. Moreover, putting ‘balance’ and ‘sheet’ together means nothing. They could have called it ‘equilibrium blanket’, no less inaccurate and every bit as silly. A balance sheet is simply a list of assets and liabilities, including equity.
As the pool of eligible talent in the profession continues to shrink, and rougher markets force waves of layoffs, experts weigh in on what changes could turn the tide.
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.
The Current Expected Credit Loss (CECL) model marks a significant change in how organizations account for receivables, loans, and other financial assets. Originally implemented for financial institutions, CECL now extends its impact across various industries that hold assets subject to credit risk. This proactive model emphasizes forward-looking estimates of potential credit losses, transforming how businesses.
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.
After a soft launch earlier this year, financial planning and analysis software provider Jirav earlier this month announced the official release of its Jirav Intelligent Forecasting (JIF) tool for accounting firms. According to Jirav, early adopter firms have reported significant impacts on their ability to advise clients on critical financial decisions, resulting in new revenue opportunities and more efficient operations.
Acumatica announced the launch of its Professional Services Edition, meant to provide accounting and project support for consultants, engineers, architects and other practices.
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.
← Blog home In an era where corporate sustainability is not just a buzzword but a business imperative, new reporting directives from the European Union (EU) pose significant challenges for companies aiming to maintain robust Environmental, Social, and Governance (ESG) compliance. The EU’s Corporate Sustainability Reporting Directive (CSRD) promotes transparency and accountability in the corporate world, but its implementation poses significant hurdles for companies of all sizes.
The Supreme Court decision in Loper Bright has broad implications for the tax regulations written and administered by the Treasury and the IRS as well as the agencies tasked with the regulation of the alternatives industry.
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.
With the increased use of AI in the finance function, CFOs are juggling an ever-increasing corporate remit. You can’t open a newspaper (or website) without reading about the latest AI advancement and how it can be used to defend against and prevent cyberattacks. Does the exponential advancement of AI mean that finance leaders and decision-makers now have to become experts in cyber security?
Data released by the U.S. Census Bureau shows retail sales increased again in September as employment grew and inflation and interest rates fell, according to National Retail Federation chief cconomist Jack Kleinhenz. “While there have been some signs of tightening in consumer spending, September’s numbers show consumers are willing to spend where they see value,” Kleinhenz said.
Menzies LLP - A leading chartered accountancy firm. Is pre-pack administration a smart strategy to rescue a struggling business, or is it just prolonging the failure of a company that should have folded? With a significant increase in pre-pack deals, many are questioning their long-term viability and impact on creditors. What is an administration? Administration is a legal process that companies can only enter into if they are able to achieve one of the following three statutory purposes: rescui
In a letter to the French scientist Jean-Baptiste Leroy in 1789, Benjamin Franklin wrote, “Our new Constitution is now established and has an appearance that promises permanency, but in this world, nothing can be said to be certain, except death and taxes.” The Constitution indeed has changed over the years through amendments and judicial interpretations.
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.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
124 
Let's personalize your content