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GASB 101: Compensated Absences is the latest accounting standard set to take effect, and it brings a fresh approach to how governments recognize and report employee leave. While the concept of tracking unused vacation and sick time isnt new, the rules around when and how to record these liabilities have changedand its important for finance. The post Understanding GASB 101: What Government Finance Teams Need to Know About Compensated Absences appeared first on LSL CPAs.
The American Institute of CPAs is asking accountants to call on congressional representatives to stop "unfair targeting" of pass-throughs like CPA firms.
Its that time of year again when we celebrate the excellence of our partners with the Xero Asia Awards 2025 edition! Were constantly in awe of the tireless hard work that our accounting and bookkeeping partners do. This past year has not been an easy one – but even in such an unpredictable and dynamic business environment, our partners continue to show up day in and day out, providing much needed support for small businesses across the region.
The Big Four firm added new agentic AI capacities, including a model that proactively identifies areas of value leakage and acts inside the tools to fix them.
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
If youre a small business owner, accountant or bookkeeper, you already know how crucial it is to stay ahead in a competitive and ever-changing digital environment. A new report from Xero, in partnership with the New Zealand Institute of Economic Research (NZIER), highlights the productivity gains Kiwi small- and medium-size enterprises (SMEs) stand to gain through accelerated digitalisation: According to the report, boosting digital adoption across New Zealands small businesses could contribute
Tax professionals are uniquely qualified to guide clients through the tax implications of different business structures. When discussing options with clients, highlight how LLCs offer flexibility and liability protection and more.
Tax professionals are uniquely qualified to guide clients through the tax implications of different business structures. When discussing options with clients, highlight how LLCs offer flexibility and liability protection and more.
Employee count, compensation, benefits, and taxes are all key components of payroll, the process of paying your employees. Changes in the economy, employees priorities, and technology shape everything from how you run payroll to your payroll costs. Are you staying on top of the latest payroll trends?
Artificial intelligence redefines how firms operate and deliver value in today’s fast-paced accounting landscape. Tasks that once required hours of manual effort, like reconciliations, data entry, and reporting, are now.
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
Top 100 firm BMSS announced an investment in Knuula, an engagement letter and client documents software provider. The investment came after implementing Knuula themselves over the past year.
The U.S. Government Accountability Office created a list of questions for policymakers' oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
Cost segregation can unlock significant tax savings for clients who own investment or business-use real estatebut not every property or situation justifies the effort.
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.
On May 7, 2025, Senator Thom Tillis (R-N.C.) introduced the International Competition for American Jobs Act, aimed at extending key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), which will otherwise expire at the end of 2025. This bill focuses on three significant components: Global Intangible Low-Taxed Income (GILTI), Foreign-Derived Intangible Income (FDII), and the Base Erosion and Anti-Abuse Tax (BEAT).
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.
Hey you. I come bearing news. There’s a trail underway across the pond to determine if EY was negligent in its audit work for collapsed hospital corporation NMC Health or if, as EY says, the firm was “itself a principal target and victim of the fraud.” Reuters reports : EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billio
Eric Council Jr., a 26-year-old resident of Huntsville, AL, pleaded guilty earlier this yearto conspiracy to commit aggravated identity theft and access device fraud.
The top 20 firm said Monday it's expanding its presence in the Pacific Northwest by adding Traner Smith, an Edmonds, WA-based accounting firm, effective June 2.
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.
Mastering Advanced Pricing & Price Levels in QuickBooks Desktop (and a Peek at Online) If you’ve ever wished QuickBooks could read your mind when it comes to custom pricing—good news! Whether you’re using QuickBooks Desktop Pro, Premier, or Enterprise, there are robust tools to help you automate, customize, and streamline your pricing strategies.
The bill also provides for individual practice privileges for out-of-state licensed CPAs who have a bachelors or higher degree, have passed the CPA exam and have at least one year of experience.
Even if your Union has consistently submitted accurate and timely annual financial reports (LM forms) to the Department of Labor (DOL), received no complaints from members or external parties and maintained full compliance with the Labor-Management Reporting and Disclosure Act (LMRDA), your organization may still be selectedat randomfor a Compliance Audit Program (CAP) review.
Top 10 firm Grant Thornton US said on May 16 that Grant Thornton Netherlands will be joining a multinational platform of firm affiliates the U.S. business created when it acquired Grant Thornton Ireland late last year.
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One of the chief concerns in a divorce or child custody case is identifying the true income of one or both of the parties. It is not unusual for such a case to include allegations of hidden income or assets. It is common for a closely held business to suspiciously encounter declining sales and profits [.
Your inbox is full of client questions youve answered before. Youre flipping through tabs, spreadsheets, email drafts, and productivity tools youve forgotten how to use. And all day, youre rewriting emails, rebuilding workflows, and redoing tasks that could be streamlined. Theres a better, smarter, more scalable way to handle your practice management.
The conference will deliver the latest information on the newest and proposed policy changes, latest rulings and regulations, and emerging trends impacting real estate and partnership taxation.
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.
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