IgniteSpot
APRIL 7, 2023
Share information. During a crisis, it’s tough to know which way is up. “Are we losing money?” “Will there be layoffs?” Uncertainty creates fear, giving way to poor performance and even turnover. It’s important to share information openly with the team.
CPA Practice
APRIL 7, 2023
By Cameron White. Despite high demand for CPAs, accounting firms struggle to hire accountants. In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. Deloitte ranks the talent shortage among the top challenges that are expected to influence or disrupt businesses this year. With an onslaught of economic disruptions and complexities on their plate, a CPA shortage proves especially burdensome for middle market companies.
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Anders CPA
APRIL 7, 2023
As one of the fastest-growing firms in the nation, Anders is excited to announce plans to expand our geographic footprint by opening additional office space in Chesterfield, Missouri. To accommodate the firm’s rapid growth, Anders will take over 10,000 square feet at 16090 Swingley Ridge Road in Chesterfield. The Need for Expansion After breaking into the Accounting Today Top 100 Firms in 2021 at #100, Anders continues to gain momentum through mergers and organic growth, climbing up the li
CPA Practice
APRIL 7, 2023
The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 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 should choose their return preparer wisely and remain vigilant against unscrupulous preparers, who often present clients with refunds that are too good to be true,” said Deputy Assista
Advertiser: Paycor
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.
Nancy McClelland, LLC
APRIL 7, 2023
Everyone who reads my blog or works with me knows I’m a vocal proponent of the cooperative structure as a sustainable and enriching alternative to classic shareholder business models. Co-ops allow companies to distribute wealth among those that do business with it, rather than to investors just trying to make a buck. They exist to fulfill member needs, rather than to generate profit — though they can be lucrative to those involved.
Going Concern
APRIL 7, 2023
Financial Times has reported that Financial Reporting Council head Sir Jon Thompson — who last year told firms complaining about audit fines to get gud (paraphrased) — has no sympathy for audit partners across the pond who can afford Ferraris but can’t afford the staff and training necessary to perform acceptable audit work. Auditors who think robust regulation of their sector is disproportionate deserve “the world’s smallest violin”, the head of the UK accounting watchdog ha
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Randal DeHart
APRIL 7, 2023
Starting a construction business is not for the faint of heart. A certain level of stress comes with ensuring your company's success. If things go wrong, it all falls back on you. That said, the freedom and sense of accomplishment of running your own business make the challenges well worth it. With good planning and strong business practices, you can avoid the pitfalls and drive your trade business to financial success.
CPA Practice
APRIL 7, 2023
The president and CEO of the Illinois CPA Society (ICPAS) has been honored with the 2023 National Association of Personal Financial Advisors (NAPFA) Special Achievement Award. The NAPFA Special Achievement Award is presented to non-members whose service greatly enhanced the environment for fee-only financial advisors or the advising profession and helped provide consumer education on the benefits of a comprehensive financial plan and highly qualified advisor.
LSLCPAs
APRIL 7, 2023
On Friday, March 31, 2023, the Internal Revenue Service and the Treasury Department made their rulings public. More boxes must be checked to qualify for the $7500 tax credit. If you want the full credit and can buy soon See our previous January 19, 2023 summary. It has some excellent links to items you need. The post EV Tax Credits Will Change on April 18, 2023 appeared first on LSL CPAs.
CPA Practice
APRIL 7, 2023
PwC’s bi-annual Global Crisis and Resilience Survey reveals organizations and business leaders overestimate their resilience despite operating in an age of disruption. Data from 1,812 respondents worldwide provides insights into how business leaders are preparing for – and responding to – this new world. When asked where resilience falls on the list of corporate priorities, nine in ten (89%) respondents said resilience is one of their most important strategic organizational priorities – indicati
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.
Going Concern
APRIL 7, 2023
One difficult thing about observing and reporting on the happenings at professional services firms is that they tend to be really tight-lipped about internal metrics, attrition, and salaries. They know exactly how many people they’re losing in any given period, we do not. Not so much the case in Australia where the Workplace Gender Equality Act requires non-public sector employers with 100 or more employees to submit a report to the Workplace Gender Equality Agency to make sure men and wom
CPA Practice
APRIL 7, 2023
As part of ongoing efforts it says will improve service for the tax-exempt community, the Internal Revenue Service issued the revised Form 8940, Request for Miscellaneous Determination, and its instructions to allow electronic filing. Beginning April 3, 2023, the IRS will make available the electronic version of the Form 8940 that exempt organizations use to make miscellaneous determination requests online at Pay.gov.
Going Concern
APRIL 7, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. AI Cranium launches out of KPMG’s venture studio to tackle AI security [ TechCrunch ] Several years ago, Jonathan Dambrot, a partner at KPMG, was helping customers deploy and develop AI systems when he started to notice
CPA Practice
APRIL 7, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Zoho DataPrep , an augmented self-service data preparation tool that helps accounting professionals connect, explore, transform and enrich data for analytics, machine learning, data warehousing and more. Click here to visit the podcast page.
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.
CPA Practice
APRIL 7, 2023
In the latest NTA BLOG , National Taxpayer Advocate Erin M. Collins dives into the details of the IRS’s newly released Strategic Operating Plan (SOP) outlining how it plans to use nearly $80 billion in additional funding received as part of the Inflation Reduction Act of 2022. She also shares hope that with long-term funding and prudent management, there is light at the end of the tunnel for taxpayers and practitioners who have experienced problems over the past three years.
CPA Practice
APRIL 7, 2023
An Indiana woman pleaded guilty in federal court last Friday in the District of Columbia to conspiring to file false tax returns and related charges. According to court documents and statements made in court, Awett Tedla of Indianapolis was the owner and operator of Speedy Tax Services, L.L.C., a tax preparation business in Washington, D.C., and District Heights, Maryland.
CPA Practice
APRIL 7, 2023
Professionals on the Move is a round-up of recent promotions and hiring announcements in and around the accounting profession. EisnerAmper Names Naomi Barrett as Director of Global Diversity, Equity & Inclusion EisnerAmper recently named Naomi Barrett as its Director of Global Diversity, Equity & Inclusion (“DE&I”). Naomi will work closely with leadership and colleagues to enhance and execute the firm-wide DE&I strategy.
CPA Practice
APRIL 7, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA review Zoho DataPrep , an augmented self-service data preparation tool that helps accounting professionals connect, explore, transform and enrich data for analytics, machine learning, data warehousing and more. Use the podcast player below to listen to the podcast.
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.
CPA Practice
APRIL 7, 2023
By Christopher Zara – Fast Company Fast Company Magazine (via TNS). If you’re one of the millions of U.S. taxpayers who have waited months or years to speak with an IRS agent, get an update on your filing status, or receive a refund, the tax man has some good news for you. The Internal Revenue Service (IRS) this week announced “an ambitious effort to transform the tax agency and dramatically improve service to taxpayers and the nation during the next decade,” according to a news release from the
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