Patriot Software
APRIL 11, 2024
Mistakes happen all the time—just look at your phone the next time you’re texting someone or putting in your password. Entering numbers in your books is no different. Data entry errors are common, but unchecked mistakes can quickly tank the accuracy of your books.
Accounting Today
APRIL 11, 2024
The Institute of Management Accountants is examining the possibilities of artificial intelligence in the accounting profession while undergoing staff cutbacks.
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CPA Practice
APRIL 11, 2024
The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. “Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A.
Accounting Today
APRIL 11, 2024
From BOI reporting to tax legislation in limbo, even the most 'normal' filing season in a several years still has unresolved questions.
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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.
Insightful Accountant
APRIL 11, 2024
Taxpayers who can't pay their tax bill by the April 15, 2024, deadline shouldn't panic – the IRS is here to help. There are several options to help taxpayers meet their obligations.
Going Concern
APRIL 11, 2024
The 2024 KPMG U.S. CEO Outlook Pulse Survey is out and 87 percent of the 100 CEOs surveyed say they’re confident in the growth prospects of the economy. That’s good, right? Almost three-quarters of them plan to increase headcounts this year, also good, while just four percent anticipate having to decrease their ranks. All respondents to this survey are CEOs with organizations of annual revenue over $500 million, a third of them are at businesses with more than $10 billion in revenue.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
APRIL 11, 2024
Keeping with a yearly tradition more reliable than the arrival of Santa in the early hours of December 24, Ideagen Audit Analytics has released their annual market share analysis of auditor engagements for public companies. TLDR: EY audits the most biggies…again. Here’s something interesting right off the bat: There were 239 firms conducting audits for 6,607 Securities and Exchange Commission (SEC) registrants as of the end of January, 2024.
CPA Practice
APRIL 11, 2024
By David B. McGarry, InsideSources.com (TNS) Tax Day looms, and the taxman cometh. It is a certainty, as Ben Franklin said. This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.
AccountingDepartment
APRIL 11, 2024
As small and medium-sized businesses undergo rapid expansion and growth, they are often faced with a myriad of sales tax challenges, particularly within the retail and e-commerce sectors. The complexities of managing sales tax compliance can be overwhelming for smaller businesses, especially when juggling various omnichannel strategies to handle their financial operations.
CPA Practice
APRIL 11, 2024
2023 definitely was a banner year for the enforcement division of the Public Company Accounting Oversight Board (PCAOB) as total enforcement activity reached its highest level since 2017 and monetary penalties doubled compared to the record set in 2022, according to a new study from Cornerstone Research. The PCAOB disclosed 46 total enforcement actions in 2023, 37 of which related to the performance of an audit, up more than 28% from 2022.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Withum
APRIL 11, 2024
Automakers are grappling with the challenges of transitioning to electric vehicles in a rapidly changing landscape. Despite their commitment to a sustainable future, recent sales declines and changes in consumer habits have raised concerns. Automakers and suppliers are investing heavily in EV technology, anticipating a surge in demand. Innovations in battery technology, charging infrastructure and vehicle design are driving this optimism.
Accounting Insight
APRIL 11, 2024
Global employment management and payroll platform, Employment Hero, has announced the acquisition of Employment Innovations, one of the largest managed payroll providers in the world. Through this strategic acquisition, Employment Hero, who were the first technology company to offer automated payroll in the UK, will provide a service that streamlines the entire payroll process, meaning accountants and bookkeepers are able to spend less time running payroll and more time providing analysis and ad
Summit CPA
APRIL 11, 2024
As a small business owner , finding the right formula for the growth of your business can be difficult. When do you bring on more employees? Is your pricing where it needs to be? How do you improve profitability ? Do you have enough cash on hand to take risks to grow but also to weather any bumps in the road? How much of the total available market for your business are you actually reaching?
Accounting Today
APRIL 11, 2024
The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking system.
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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.
Reckon
APRIL 11, 2024
Guest post by AON An overview of key policy and cover types, best practices for choosing the right policy and making claims. Business insurance is a purchase you should make, not necessarily one that you want to. But it’s also no understatement that a lot can go wrong while running your business – despite your professionalism and expertise, some things are still out of your control.
Accounting Today
APRIL 11, 2024
The cutbacks in the Australia region are the latest sign of pressure in an industry that spans accounting, audit and consulting.
Dent Moses
APRIL 11, 2024
As housing prices and mortgage rates continue to escalate, many young people struggle to purchase their first home or upgrade. One option is for parents or family to finance the purchase of the house and hold a mortgage. The transaction is documented like a regular mortgage with monthly payments. Let’s look at the advantages: Favorable interest rates.
Accounting Today
APRIL 11, 2024
The Chicago-based firm is expanding in Southern California in the third M&A deal it has announced this month.
Speaker: Claire Grosjean
In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.
CPA Practice
APRIL 11, 2024
CohnReznick LLP , an advisory, assurance, and tax firm, has established a new Digital advisory practice. Bringing together an expanded, integrated portfolio of solutions and technology partners, the practice helps businesses navigate technology- and data-related opportunities and leverage digital innovation to streamline operations, manage cost and risk, and accelerate growth.
Accounting Today
APRIL 11, 2024
The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants both published new strategic plans for the next few years.
CPA Practice
APRIL 11, 2024
Crowe LLP, a public accounting, consulting and technology firm, has entered into an agreement with KMJ Corbin & Company (KMJ),a California-based firm that provides accounting, auditing, tax and consulting services, for the KMJ team to join Crowe. The transaction, which is expected to close by mid-May, will enhance and expand the firm’s audit and tax services in the Southern California market.
Accounting Today
APRIL 11, 2024
Disunion; cell phones; only the lonely; and other highlights of recent tax cases.
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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.
CPA Practice
APRIL 11, 2024
By Jean Ross, InsideSources.com (TNS) If there’s one thing we should be able to agree upon, it’s that everyone should pay the taxes they owe without having to pay for the privilege of doing so. This year, for the first time, residents of 12 states who file simple tax returns can file online for free using the IRS’s new Direct File portal. Thanks to funding from the Inflation Reduction Act and as part of an ambitious modernization effort, this new public tool makes tax filing faster, easier and c
Accounting Today
APRIL 11, 2024
A professional title infers a level of authority, responsibilities and legal accountability, so it's important to choose wisely.
CPA Practice
APRIL 11, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss cybersecurity issues and strategies for managing high net worth clients. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Brian F. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor with your hosts, Randy Johnston, and Brian Tank
ThomsonReuters
APRIL 11, 2024
Jump to: How AI-powered research tools streamline research processes How cloud-based accounting software and automation tools enhance efficiency How data analytics and visualization tools provide insights How continuous training and professional development programs are essential Unlocking the potential of AI to address concerns about staffing accountants Today’s tax and accounting professionals face a wide variety of challenges.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
CPA Practice
APRIL 11, 2024
By Karl W. Smith, Bloomberg Opinion (TNS) Back in 2017, the debate around President Donald Trump’s tax cuts was a case study in how quickly a discussion around legitimate policy can descend into partisan nonsense. On one side, Republicans spouted unfounded claims that the tax cuts would pay for themselves. On the other, Democrats spouted equally unfounded claims that only big business and the wealthy would benefit.
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