Cherry Bekaert

JUNE 5, 2024

In response to the talent shortage and the declining number of certified public accountants (CPA) professionals, many corporate accounting departments are relying on professional services firms to fill the gaps. This disruption has caused professional services firms to create different offerings to assist clients, prompting the questions, ‘What does this mean for my company, and how do I determine what I need?

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RogerRossmeisl

JUNE 5, 2024

Occupational fraud isn’t just a financial threat. It can potentially change a business’s reputation, culture and relationships. But before dealing with any larger ramifications of fraud, defrauded companies must first “clean up” the mess. This may include potentially terminating the perpetrator, taking civil action or referring the perpetrator to the police.

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CPA 256

Accounting Today

JUNE 5, 2024

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

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Tax tax return audit Government 128

RogerRossmeisl

JUNE 5, 2024

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target business is operated as a corporation, partnership or LLC.

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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.

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CPA Practice

JUNE 5, 2024

By Suzanne Lucas, Inc. (TNS) Everyone says people don’t leave jobs; they leave managers. And yet, managers don’t get the feedback they need to improve, according to a new survey from Gallup. As a result, many think they’re doing a better job than they actually are. Here’s what you need to know—and what you can do about it. Managers and employees don’t see eye to eye Gallup found a disconnect across the board between manager self-perception and employee sentiment: Manager responsiveness “72 per

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RogerRossmeisl

JUNE 5, 2024

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. In some cases, a business may decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making th

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Going Concern

JUNE 5, 2024

Announced Monday, Deloitte has acquired the assets — including software engineers, developers, and epidemiologists — of a disease surveillance business called CasePointer. If you try to visit CasePointer.com today, you are automatically redirected to Deloitte’s announcement. Said the press release : End Point’s team is one of the premier implementers of EpiTrax, an open-source platform for collecting, organizing and maintaining epidemiological data.

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Government 97

Accounting Today

JUNE 5, 2024

Restocking the accounting profession's talent pipeline is everyone's responsibility, says the National Pipeline Advisory Group.

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Account accountant accounted 115

Insightful Accountant

JUNE 5, 2024

Intuit has selected customers who display complexity for this new program and you need to be aware of this offering because some of those customers may also be your clients.

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Patriot Software

JUNE 5, 2024

One of the first things you do as a business owner is choose a business name. Your business can operate under your legal business name. Or, you can operate your company under a trade name. So, what’s the difference? Read on to learn more about business names vs. trade names and how they contrast.

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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!

Expense Management

GrowthForceBlog

JUNE 5, 2024

9 min read June 5th, 2024 Every department within a business requires its own leadership. While the CEO (chief executive officer) is in charge of envisioning a future for the company and coming up with a plan to steer it in the right direction, the CFO (chief financial officer leads the financial aspect of the business creating a financial strategy designed to support and fuel the overall business strategy.

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Patriot Software

JUNE 5, 2024

If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances. So if you’re tossing your unopened business bank account statements in a drawer or—worse—the trash, this one’s for you.

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Xero

JUNE 5, 2024

Xerocon London is just under a week away on 12 and 13 June, and the ExCeL exhibitor floor will be full to the brim with stands showcasing some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see just under 60 exhibitors at the event, including many leading Xero App Store app partners.

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E-commerce bookkeeping accounting and finance accounts payable 79

Insightful Accountant

JUNE 5, 2024

Gear up for Scaling New Heights 2024 by taking a look at Nancy's takeaways from last year's Scaling New Heights.

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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.

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Accounting Today

JUNE 5, 2024

As the profession takes on more and more roles, it's getting harder and harder to define what, exactly, an "accountant" is.

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Account accountant accounted 90

Withum

JUNE 5, 2024

Measurement is an essential management tool for law firms to monitor performance, manage resources, and highlight areas that need improvement. Utilizing Key Performance Indicators (KPIs) in a law firm is crucial for evaluating performance, profitability, client satisfaction, and overall success. Understanding which attorneys are the most profitable, which matters are the most lucrative, and the cost of acquiring new clients is crucial for making informed business decisions.

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Legal 72

SkagitCountyTaxServices

JUNE 5, 2024

An unfortunate thing about being a business owner sometimes is that you are at the crosshairs of the changing winds of the culture. And these past ten years, the very polarized political environment has put some pressures on businesses to align with different political leanings. While some have capitalized on that and seen some gains (examples: Jeremy’s Razors and Ben & Jerry’s ), backing certain ideals can put business owners like you in a precarious position.

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Technology California CPA 71

Cherry Bekaert

JUNE 5, 2024

The Securities and Exchange Commission (SEC) implemented new, stricter, and more comprehensive rules related to cybersecurity risk management, strategy, governance, and incident disclosure that took effect in mid-December 2023. The SEC approved the new rule to help enterprises (and comparable private foreign issuers) ensure prompt and accurate incident reporting and improve transparency for company stakeholders.

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Legal financial statements auditor Washington 69

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.

Finance

Accounting Today

JUNE 5, 2024

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

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accounting firms Government Account accountant 66

Insightful Accountant

JUNE 5, 2024

Join us at the Scaling New Heights conference for exclusive offers, insightful resources, and more at the Insightful Accountant booth! Elevate your practice to new heights with us.

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Account accountant accounted 59

Accounting Today

JUNE 5, 2024

New York Governor Kathy Hochul is considering delaying a plan to charge motorists driving into midtown Manhattan and potentially replacing it with a tax on New York City businesses.

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New York Tax Transportation 63

Insightful Accountant

JUNE 5, 2024

Post-COVID, the freelance economy is booming. Tax pros face challenges managing a mix of employees and contractors. Clients seek help with self-employment taxes, offering growth opportunities for tax professionals.

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Tax 59

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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

Accounting Today

JUNE 5, 2024

The U.S. Fifth Circuit Court of Appeals in New Orleans sided with the private funds industry, which argued that the agency overstepped its authority.

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Account accountant accounted 66

CPA Practice

JUNE 5, 2024

Chicago-based Baker Tilly admitted 41 new principals effective June 1, as the top 10 accounting firm undergoes a major restructuring. Baker Tilly said in February it was getting a “significant investment” from private equity firms Hellman & Friedman and Valeas Capital Partners. The deal, which is expected to close this month, will lead to Baker Tilly splitting in two.

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Accounting Today

JUNE 5, 2024

A crypto investor known as "Bitcoin Jesus" has been released on bail in Spain, where he faces extradition to the U.S. on tax fraud charges.

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Tax 66

CPA Practice

JUNE 5, 2024

Fuel producers that are eligible to claim the Clean Fuel Production Credit starting next year should apply for registration as soon as possible, the IRS said on May 31. “A taxpayer must have a signed registration letter from the Internal Revenue Service dated on or before January 1, 2025, for the taxpayer to be eligible to claim the § 45Z credit for production starting January 1, 2025,” the IRS said in Notice 2024-49 , which was released last Friday.

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Tax Transportation 59

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.

Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. For example, Groups with a year end of 31 December 2024 will need to register with HMRC by 30 June 2025. WHAT IS PILLAR 2?

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Finance Tax chartered accountant accounting and finance 59

Cherry Bekaert

JUNE 5, 2024

Public Law 86-272 (PL 86-272) offers limited protection to out-of-state companies that solely solicit sales for tangible personal property within a state. Small and medium-sized businesses in the manufacturing, distribution and retail sectors have heavily relied upon this state protection since it was enacted in 1959 to decrease overall tax liability.

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Accounting Today

JUNE 5, 2024

The IRS is pushing back filing and payment deadlines for those impacted by last September's storms and flooding.

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Massachusetts Tax 68

Ryan Lazanis

JUNE 5, 2024

Most firms struggle to show how they can save clients time. In this episode, I'll share how to market & sell this benefit effectively. The post New Service Idea: Time-Saving Accounting Audit appeared first on Future Firm.

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Managing bookkeeping and tax can be challenging for businesses of all sizes. Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month. Open monthly communication and an easy-to-use online chat with your bookkeeper provide consistent support and seamless management.

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