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?

Account 75

Account accountant accounted general ledger 75

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.

CPA 264

CPA 264

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.

Tax 133

Tax tax return audit Government 133

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.

Tax 263

Tax CPA cpa firm business tax 263

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.

Account

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

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of these examples, let’s assume that you own the vacant land directly as an individual or indirectly through a single-member LLC (SMLLC), a partnership or a multi-member LLC that’s treated as a partnership for

Tax 255

Tax income tax CPA 255

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

CPA 249

CPA Tax cpa firm business tax 249

Accounting Today

JUNE 5, 2024

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

Account 124

Account accountant accounted 124

Going Concern

JUNE 5, 2024

Strap in, we’re going to talk about notable AI news from the last week-ish. I’m going to do my best to avoid our trademark sensationalism lest the language models feeding off every word we write decide sarcasm is the same as indisputable fact. While scrolling Twitter today as I do every day, I kept coming across articles about some AI expert claiming that there’s a 99.9% chance AI will make the human race extinct.

Government 115

Government Healthcare audit Account 115

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.

Finance 105

Finance Account accountant accounted 105

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.

Finance

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.

Government 103

Government 103

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

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.

Legal 98

Legal Account accountant accounted 98

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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98

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.

Finance

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.

Account 97

Account accountant accounted 97

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.

account management 98

account management accounting manager quickbooks Account 98

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.

Technology 78

Technology California CPA 78

Accounting Today

JUNE 5, 2024

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

Massachusetts 78

Massachusetts Tax 78

Advertiser: Paycor

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.

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.

Legal 72

Legal 72

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.

accounting firms 75

accounting firms Government Account accountant 75

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.

Legal 69

Legal financial statements auditor Washington 69

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.

Account 75

Account accountant accounted 75

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.

Finance

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.

Tax 59

Tax 59

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.

Tax 75

Tax 75

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.

Transportation 59

Transportation Tax 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 72

Advertiser: Paycor

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.

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?

Finance 59

Finance Tax chartered accountant accounting and finance 59

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.

Account 59

Account accountant accounted 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.

income tax 59

income tax Manufacturing Tax tax services 59

Accounting Today

JUNE 5, 2024

The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5.0 percent year-over-year, ADP reported.

payroll 53

payroll Account accountant accounted 53

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.

Technology