Tue.Nov 12, 2024

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When Is the Right Time to Prepare Your Business for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

Sales 104
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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

CPA Practice Advisor has opened the nomination period for one of its most prestigious awards. The Most Powerful Women in Accounting Awards , now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession. There are no costs associated with nominations or award recognition.

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Understanding When a Retirement Plan Audit Is Required

Withum

Understanding when audited financial statements of a retirement plan are required to be attached to a Form 5500 is an important part of demonstrating fiduciary responsibility over the plan and preventing unnecessary fines for an invalid filing of the 5500. A plan is required to have an audit attached to the Form 5500 when they are a “large plan”. For plan years beginning on or after January 1, 2023, the plan has an audit requirement if they have 100 participants with account balances as of the f

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CPE Webcast Dec. 12 – Transforming Sales Tax Compliance to Fuel Business Growth

CPA Practice

This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Optimizing Business Operations With Automated Inventory Management

Withum

Warehouse and inventory management is at the heart of business operations across industries like distribution, manufacturing, retail and healthcare. Yet, many businesses still rely on manual processes that are prone to errors, inefficiencies and operational delays. Automated inventory management solutions can help address these issues, as inaccurate stock counts and shipping delays can directly impact a company’s bottom line and customer satisfaction.

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Why the ProAdvisor Academy is the Educational Shift We’ve Needed

IgniteSpot

I’ve been working in accounting long enough to know that the way we learn and grow in this profession has needed an update for a while. When I first got involved with the ProAdvisor Academy , I saw an opportunity to help shape a program that could fill a gap I’ve noticed for years: the need for education that truly integrates accounting principles with real-life, hands-on experiences using software.

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Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. The console allows accounting firms to standardize client spend processes, regardless of clients’ existing bank and credit card brands.

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New marginal tax rates for 2025

Accounting Today

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

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EY Acquires HR Tech Consulting Firm Jubilant

CPA Practice

Big Four accounting firm EY said on Nov. 11 that it has acquired Jubilant, an Ann Arbor, MI-based HR technology consultancy focused on implementing and supporting human capital management, payroll, and workforce management systems. Financial terms of the deal weren’t disclosed. With more than 50 professionals focused on HR technology services, Jubilant has differentiated itself in the market by designing and building accelerators that automate testing for payroll and workforce management, and by

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CBIC Clarified the concept of “as is/ as is, where is basis”- A phrase used in GST Circulars

VJM Global

In various GST circulars issued recently concerning clarification on the applicability of GST rates, and clarification on the classification of goods and services, the phrase “as is” or “as is, where is basis” has been used extensively to regularize the matters before the effective date of clarification. The GST Council in its 54th Meeting has recommended issuance of clarification to clarify the intent behind the regularization done in the past meetings.

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Live Demo - Supercharge your Month End Close

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

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KSM Adds Valuation Firm ValueKnowledge in Illinois

CPA Practice

Top 60 accounting firm KSM (Katz, Sapper & Miller) said on Tuesday it has acquired ValueKnowledge, a Chicago-area valuation and advisory firm, effective Oct. 21. Financial terms of the deal weren’t disclosed. Indianapolis-based KSM said the transaction augments its growing business valuation practice, adding an experienced team led by ValueKnowledge founder Jim Krillenberger and vice president Andy Stebbins, who join KSM as managing director and director, respectively.

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PCAOB offers guidance on auditor responsibilities for detecting, reporting illegal acts

Accounting Today

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.

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Small Business Hiring Continued to Be Weak in October, CBIZ Index Shows

CPA Practice

The Small Business Employment Index (SBEI) from top 15 accounting firm CBIZ reported a seasonally adjusted decrease of 0.58% in October , marking the second straight month of hiring declines and the fourth negative month out of the past six. The CBIZ SBEI tracks payroll and hiring data for more than 2,800 companies with 300 or fewer employees across the U.S.

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Overworked vs. overlived

Accounting Today

When it comes to your career, know the cost of choosing to be on a championship team.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Stambaugh Ness Forms Strategic Relationship With Stonebridge Financial Group

CPA Practice

Top 200 accounting firm Stambaugh Ness announced on Nov. 12 a strategic partnership with Wormleysburg, PA-based Stonebridge Financial Group to introduce personal wealth management and retirement plan services to their clients nationwide. Through this alliance, Stambaugh Ness clients can benefit from personalized wealth management designed to address their unique goals and challenges.

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IASB proposes to tweak requirements for provisions

Accounting Today

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

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Schellman Compliance Expands Sustainability Reporting Services with Acquisition of Sustas, LLC Practice and ISO 14001 Accreditation

CPA Practice

Schellman Compliance , a provider of compliance services, has announced the successful acquisition of Sustas, LLC practice, a firm specializing in sustainability reporting services. As part of the transaction, Sustas’s clients and personnel will join Schellman, further strengthening the firm’s ability to deliver tailored, industry-leading sustainability compliance, consulting, and assurance solutions.

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CBIC Issued Corrigendum to clarify that RCM on Renting Service is Applicable Only with Respect to Immovable Property

VJM Global

With effect from 10.10.2024, GST has been made applicable on renting commercial property under the Reverse Charge Mechanism by an unregistered person to the registered person. For this purpose, the following entry has been inserted in RCM Notification vide Notification No. Notification No. 09/2024 – Integrated Tax (Rate) dated 8th October 2024. (1) (2) (3) (4) 6AB Service by way of renting of any property other than residential dwelling.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

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.

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Los Angeles Business Journal Names Withum Team Members on Top 100 Accountants List

Withum

Withum is proud to share that the Los Angeles Business Journal has recognized Chester Ventura , Audit Partner, and Lilit Nersisyan , Audit Principal, on its Top 100 Accountants list for 2024. Chester is a partner in Withum’s Los Angeles office and has over 20 years of experience providing attestation services for privately held companies. He serves clients in various industries including manufacturing, distribution and logistics , not-for-profit and education and employee benefit plans.

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What’re Your Business’s State Tax Obligations?

Patriot Software

As a business owner, you’re responsible for a number of taxes. Some may be federal or local, while others are state taxes. So, what are the types of state tax obligations you need to keep on your radar?

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BKR International Expands Middle East Footprint with New Member in Jordan

CPA Practice

BKR International has announced the addition of Abbasi, Shahin & Odeh Chartered Accountants as the newest member in the Middle East region. Based in Amman, Jordan, Abbasi, Shahin & Odeh brings valuable expertise and a strong commitment to financial excellence and client success. BKR is a top-10 global accounting association representing the expertise of 140 members with nearly 600 offices in over 75 countries around the world.

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Rho offers portal for client management, onboarding

Accounting Today

Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners with Rho who are accountants.

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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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When Is the Right Time to Prepare Your AGENCY for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

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How to NetSuite - Step-by-step Fixed Asset Management

Insightful Accountant

Murph takes you through six summary steps to record, configure, manage and report on fixed assets when using NetSuite's Fixed Asset Management 'Suite App.

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ISSB sees progress on climate standards adoption

Accounting Today

Some 30 jurisdictions are making progress on introducing international sustainability standards in their legal or regulatory frameworks.

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From Line-Item Extraction to Custom Approvals: MakersHub’s AP Solution Explained

Insightful Accountant

MakersHub’s innovative AP system revolutionizes how firms manage and streamline accounts payable with its advanced computer vision technology.

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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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KSM merges in ValueKnowledge

Accounting Today

Katz, Sapper & Miller has added a valuation and advisory firm in the Chicago area to its business valuation practice.

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From Tax Calculation to Exemption Management: How Avalara Eases Compliance

Insightful Accountant

Avalara simplifies the complex and ever-changing world of sales tax compliance, providing businesses with automated solutions that remove the burden of managing thousands of tax jurisdictions.

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Navan releases travel and expense solution for accounting firms

Accounting Today

Travel and expense solutions provider Navan released Navan Accountant Console, a dedicated solution made specifically for accounting firms.

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Transform Your Tax Workflow: Stanford Tax’s Automated Solution for Accountants

Insightful Accountant

Stanford Tax offers a game-changing approach to gathering tax information for accounting firms, streamlining the collection process and improving accuracy. This innovative tool transforms tax preparation.

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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.