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Upcoming European rules on environmental, social and governance (ESG) reporting are expected to impact 50,000 companies. A new report by Payhawk shows the urgent need for finance teams to take action and understand the role they have to play. The ESG reporting: Priorities for Finance Teams ebook by Payhawk, outlines the critical role that finance professionals have in integrating ESG considerations into financial decision-making, risk management reporting, stakeholder engagement and best pract
In just a year, the promise of artificial intelligence has grown from a topic of science fiction movies into practical business applications. From the advent of first-to-market generative AI systems like ChatGPT, to highly specialized, accounting-focused systems, proponents of AI are fervent in their belief that the technologies will dramatically improve client services, firm management, small business accounting and many other areas of operations.
The ADP Research Institute released a report on how worker promotions can affect businesses and employee retention and debuted a new index for tracking employee motivation and commitment.
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.
By Gail Cole. Not many people had heard of a non-fungible token (NFT) a decade ago, yet by 2021, NFT art was selling for millions. Everydays: The First 5000 Days sold for $69.3 million in March 2021, The Merge for a whopping $91.8 million nine months later. That kind of money could turn any tax official’s head. But is the sale of an NFT subject to tax?
Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey from Deloitte.
The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.” In its report , TIGTA said the objective of the review was to assess the IRS’s processes and procedures to identify and address potential conflicts of interest regarding tax administration mat
The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.” In its report , TIGTA said the objective of the review was to assess the IRS’s processes and procedures to identify and address potential conflicts of interest regarding tax administration mat
Amanda Iacone at Bloomberg Tax has written the accounting niche’s 1,735th article about the accountant shortage and this time, as is often the case, the focus is 150 hours. Rather, how dueling factions within the profession are fighting for and against keeping it as the only option to CPA licensure. Let’s note here quickly that many of the “anti-150” folks aren’t lobbying to abolish it completely but to offer alternative pathways such as Minnesota’s proposal
There is no doubt generative artificial intelligence is gaining popularity as industries, including accounting, debate how it can be adopted into workflows.
By Ashlyn Brooks, Kiplinger Consumer News Service (TNS) Retirement may represent a fresh episode of your life, but a surprising twist might be a drop in your credit score. Even if borrowing isn’t on your agenda, your credit score could affect other aspects of your life, ranging from how much you pay for auto insurance to whether you’ll be admitted to an assisted-living facility.
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.
The ADP Research Institute (ADPRI) reveals the business impact of promotions and presents a new way to measure worker motivation and commitment in Today at Work , a fresh and comprehensive data-driven resource for business leaders and other decision-makers. In the September issue of Today at Work – “The Hidden Truth About Promotions” – ADPRI shows how promotions, under certain conditions, can impact businesses, a finding that underscores the importance of having a thoughtful retention plan and a
By Joey Solitro, Kiplinger Consumer News Service (TNS) Some 61% of Americans of all income brackets were living paycheck to paycheck as of July, with many citing nonessential spending as a major factor for their situation, according to a new survey. That percentage is 2 points higher than a year ago, according to the survey of 3,443 U.S. consumers conducted from July 5 to July 20 by LendingClub in partnership with PYMNTS.
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.
Check out APD's Kristen Appleman take on the latest trend helping today's small business owners get an edge—Going Big. You can listen to the Workforce News Minute here.
For the fifth year in a row, Xero has taken out Canstar’s Most Satisfied Customer Award for small business accounting software. This is an incredible achievement, showcasing our value to small businesses across Aotearoa New Zealand. Canstar Blue is a customer satisfaction research and ratings business aimed at helping consumers make better purchasing decisions.
*There are no stock photos of the Marcum bus , enjoy this terrible facsimile instead. Marcum announced on Tuesday that 31 men and women are ascending to exalted partner status at the firm, 39% of whom are women. This latest partner class would have beat 2021’s record of 29 freshly minted Marcum partners had the Friedman merger not injected several extra individuals into the class of 2022.
Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. In this article, I present a curated list of the top 12 client portals available in the market today. Let’s explore their features, advantages, and drawbacks to help you make an informed choice. Let’s go! Table of Contents What are Client Portals for Accountants?
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.
When it comes to things like managing cash flow, finding customers, and growing their business, small business owners have to make important decisions that can have a significant impact on their success. That’s where Intuit Assist for QuickBooks comes in—our new generative AI-powered financial assistant, now available in beta and rolling out more broadly later this year, designed to help your clients succeed.
Starting on Jan. 1, 2024, businesses will be required to electronically file Form 8300 , Report of Cash Payments Over $10,000 , instead of filing a paper return, the IRS said on Aug. 30. This new requirement follows final regulations amending e-filing rules for information returns , including Forms 8300, that were released last February. Businesses that receive more than $10,000 in cash must report transactions to the federal government.
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.
A 3-part conversation series that dives into the sizzling hot world of artificial intelligence and shares practical tips on how to leverage it to boost productivity, unlock growth potential, and create more resilient organizations. Each conversation features distinguished panelists who have made significant contributions to the field of AI, moderated by industry veterans.
Jimmy Buffett passed away Friday at age 76. Earlier that day, I was driving home with my wife, and we were listening to Sirius Radio Margaritaville, which had a countdown of Jimmy Buffett’s greatest hits. We got home a little early and sat in the car a few minutes longer to hear the final songs. Actually, the only reason I subscribed to Sirius was because of Jimmy Buffett.
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.
The use of generative AI has workers feeling optimistic about their skills and career prospects, research from talent solutions and business consulting firm Robert Half shows. According to a survey of more than 2,500 workers in the United States, 41% believe generative AI will have a positive impact on their career, compared with 14% who worry it could make their skills obsolete.
Firm owners can overcome capacity constraints by tapping into global talent pools, but you need to have the right approach for offshoring to work. In this podcast episode, I shared my strategies and insights to navigate this transformative workfoce model successfully. Listen Below. 0:58 – Many of us are swamped. The workload keeps piling up, and while it’s beneficial for our financial success, it’s a real challenge to locate the right personnel to handle it. 2:16 – I neve
Menzies LLP - A leading chartered accountancy firm. In recent years the restaurant industry has been subject to significant changes, all of which are having a major impact on financial results. Brexit has impacted the supply of labour to the industry and is still causing headaches for most operators. This severe lack of workforce in the sector and the resulting competition for labour, has led to increased salaries for staff.
Firm owners can overcome capacity constraints by tapping into global talent pools, but you need to have the right approach for offshoring to work. In this podcast episode, I shared my strategies and insights to navigate this transformative workfoce model successfully. Listen Below. 0:58 – Many of us are swamped. The workload keeps piling up, and while it’s beneficial for our financial success, it’s a real challenge to locate the right personnel to handle it. 2:16 – I neve
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.
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