Thu.Sep 07, 2023

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What the SEC's new data rules mean for accounting

Accounting Today

High-quality access logs and data access auditing capabilities bring much of the reporting information companies need to get their arms around a data breach.

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Sales tax and nonprofits

TaxConnex

Nonprofits are often thought to be exempt from sales taxes, but is that correct? According to Statista , there are almost 750,000 public charities in the U.S. (most devoted to religion, human services and education). Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. And just like any other major sector of society, such entities consume large amounts of tangible personal property.

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Trending Sources

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Meet the 2023 Best Midsized and Large Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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Inflation is Impacting Cash Flow of Almost Half of Small Businesses

CPA Practice

A new report from Xero , the global small business platform, shows that 48% of U.S. small business owners have experienced an extreme or high impact from inflation on their cash flow over the past six months, and 44% expect inflation to continue to have a similar impact throughout the next six months. Xero’s report, titled “ Money Matters: The impact of economic conditions on the cash flow of US small businesses “, interviewed more than 500 small business owners across the United States on the

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

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.

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Meet the 2023 Best Small Firms to Work For

Accounting Today

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession.

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Don’t Grow Your Accounting Firm Out of Business! Break Up With These Unscalable Practices Now

Going Concern

Business growth is always a high priority for accounting firms, especially small-to-midsize practices. Take care, though, because growth can be a double-edged sword. If your firm expands too quickly or without the right strategy, it can ramp up costs faster than you can handle, lower the quality of your services—and put so much stress on your staff that every day starts to feel like the height of tax season.

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The Technology Lab Podcast – Security Risks Update – Sept. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the most recent and urgent security and technology risks that accounting, tax, and other financial firms face. Use the podcast player below to listen.

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Tax Fraud Blotter: Cons of concealment

Accounting Today

Strict liabilities; thanks for all the fish; on the beach where he used to run; and other highlights of recent tax cases.

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Intuit Ups QuickBooks Payments Rates for QBO Users

Insightful Accountant

Intuit increased QuickBooks Payments rates for QuickBooks Desktop users this past June. Now, it is making increases for Payments Customers using QBO effective in October.

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Deloitte grows global revenue 14.9%

Accounting Today

Revenue from consulting services grew at the fastest pace at 19.1%, followed by risk advisory, and audit and assurance.

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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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How Technology Offers New Levels of Accessibility to People with Disabilities

CPA Practice

By Josh Fields. Throughout human history, advancements in technology have helped people reach great heights, allowing our world to be more connected than ever before and even granting us the ability to explore beyond the barriers of our home planet. Through AI, technology has even edged into the creative sphere. For people with disabilities, technology has grown to a level that allows them to live, work, play, and communicate with greater accessibility.

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GASB plans guidance on subsequent events

Accounting Today

The board added a project to deal with issues related to subsequent events for state and local governments.

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7 Tips for Navigating Budget Season

AccountingDepartment

Budgeting is a vital process that enables small and medium-sized businesses to effectively allocate resources, plan for the future, and achieve financial stability. However, navigating the budgeting process can be challenging without a clear roadmap.

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U.S. Employment Rose in August

CPA Practice

By Augusta Saraiva – Bloomberg News (via TNS). U.S. hiring picked up in August and wage growth slowed, offering a mixed picture of both resilience and moderation in the labor market. Nonfarm payrolls rose by 187,000 after the prior two months were revised significantly lower, a Bureau of Labor Statistics report showed Friday. The unemployment rate climbed to 3.8%, the highest since early last year and largely reflecting a pickup in participation.

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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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Work From Home Policy for Skagit County Businesses

SkagitCountyTaxServices

There’s no better way to celebrate work than by taking a day off. The irony of the Labor Day holiday gets me every year, but I do hope that it provided a little extra rest on the front end of a busy fall season. I mentioned in one of my recent notes another piece of irony: how Zoom recently started requiring their employees to come back to the office.

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FASB OKs New Crypto Assets Standard

CPA Practice

The Financial Accounting Standards Board (FASB) unanimously approved new rules on Sept. 6 that will now require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value. Richard Jones “I think in my brief term here [as FASB chair] there hasn’t been an issue that has excited such passion from people,” FASB Chair Richard Jones said during the board’s meeting Wednesday morning.

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Switching to a Paperless Invoice Approval System

MineralTree

Accounts payable (AP) teams have long struggled with manual invoice approvals that involve chasing down signatures and slogging through mountains of paperwork. But in today’s increasingly digital business world, many AP teams are turning to automation to enhance their workflows — and the invoice approval process is no exception. To boost efficiency, reduce the risk of human error, and tackle challenges like remote work arrangements, 71% of AP teams have automated their invoice approval workflows

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FASAB proposes to update MD&A for federal accounting

Accounting Today

The Federal Accounting Standards Advisory Board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

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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.

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Deloitte Global Smashed Revenue Records Again

Going Concern

Deloitte reported global revenue today and no one will be surprised to hear that it once again broke a record: $64.9 billion for the 2023 fiscal year ended May 31, 2023. That’s a 14.9% increase from Deloitte’s 2022 revenue , not quite as big a jump as the 19.6% increase between 2021 ($50.2 billion) and 2022 ($59.3 billion) but still impressive given the state of the economy.

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Reimagining Accounting Workflow: WorkflowCon 2023 Coming in October

CPA Practice

The world of accounting and bookkeeping is on the cusp of a major transformation, and the key to staying ahead of the curve lies in mastering workflow optimization. Enter Financial Cents’ groundbreaking event, WorkflowCon 2023, the inaugural conference designed specifically for accounting and bookkeeping firm owners seeking to revolutionize their workflows.

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John Roman on the Digital Transformation Journey

Insightful Accountant

No matter what size your firm is, keeping in step with technology is critical. Insightful Accountant's Gary DeHart and The Bonadio Group's John Roman explain why in this episode of Accounting Insiders.

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Fair Value Accounting Coming to Crypto Assets

Withum

On September 06, 2023, the Financial Accounting Standards Board took a bold and definitive step towards formalizing and adopting accounting and disclosure guidance for crypto assets. The new guidance will fall under FASB ASC 350-60  Intangibles – Goodwill and Other – Crypto Assets – Accounting for and Disclosure of Crypto Assets. The Board approved for finalization the crypto asset guidance that would require entities to subsequently measure crypto assets that are in-scope at fair value in

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

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.

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Feeling the Impact

Insightful Accountant

New Xero study shows that nearly half of small businesses feel the impact of inflation on their cash flow. Here's a snapshot of the report.

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Divvy Renamed as BILL Spend & Expense

CPA Practice

Divvy, the spending and expense management system, has been renamed as BILL Spend & Expense. The Divvy system was acquired by BILL in May, 2021. The newly-branded system will continue to offer businesses an all-in-one spending and expense management solution that combines free software with corporate cards to provide real-time visibility and customizable control over business finances.

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Executives Say Economic Outlook is Looking Up

Insightful Accountant

According to a AICPA & CIMA survey, as recession fears fade, the outlook on the US economy is showing signs of brightness. Check out the some of the details.

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The future of accounting is here: Are you ready to move forward?

ThomsonReuters

Jump to: What is the future of accounting? Prepare for the future of accounting with Thomson Reuters Practice Forward® How to turn transactions into connections In today’s economic landscape, roles are constantly shifting and evolving to meet the demands of compliance frameworks, changes in tax laws , and the expectation of more data on demand. Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles.

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How to Set Better OKRs and Drive Results

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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Accounting specialists Azets and Dext combine forces to spearhead technology adoption

Accounting Insight

Azets , the UK outsourcing, compliance and advisory group, has today announced its strategic partnership with cloud accounting platform provider Dext to underpin and support the implementation of its Digital strategy. Dext and Azets share a common goal of digitising the accounting workflow. The strategic partnership will see the companies providing bespoke services to clients through the use of new emerging technologies, harnessing Applied AI, Machine Learning and a mobile app.

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How to master financial forecasting for tech companies

Menzies

Menzies LLP - A leading chartered accountancy firm. With technology’s fast-paced and rapidly evolving landscape, financial forecasting can prove challenging for many tech companies. What’s more, advancements in technology and changes in consumer preferences can drastically disrupt the market, making it difficult to predict future trends and revenue streams.

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What are the best financial and non-financial KPIs NFP accountants should track?

Accounting for Good

The post What are the best financial and non-financial KPIs NFP accountants should track? first appeared on ACCOUNTING FOR GOOD.

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

For home service contractors, completing your workload, attracting new clients, and keeping up to date with all the applicable codes and licensing your business needs can already be a monumental task. Adding bookkeeping on top can be more than most contractors are willing or able to handle. However, keeping track of your finances is essential to running a successful business.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

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.