Fri.Nov 22, 2024

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The Real Cost Of Bad Construction Client Service

Randal DeHart

Have you ever paused to consider the real impact of your business's customer experience? Is it lifting your brand or dragging it down, along with your team's morale? Today's consumers expect nothing short of excellence, so understanding the consequences of poor customer service is vital. So, what does poor customer service cost you? Let's delve into the details—they might change your perspective.

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LinkedIn + AI = A Recipe for Prospecting Success for Accounting Firms

CPA Practice

If you aim to increase clients in a geographic area, industry, or service line, sales prospecting should be part of your strategy. By combining AI with LinkedIn, you can streamline sales prospecting, reach the right people, and ultimately build a more efficient pipeline for your accounting firm’s growth. Here’s how. 5 Advantages Using AI and LinkedIn for sales prospecting can offer you several advantages, making the process more efficient and targeted, including: Improved Targeting and Lead Qual

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Withum Expands South Florida Presence With New Larger Boca Raton Office

Withum

Withum is proud to announce the grand opening of its new larger office in Boca Raton, Florida , located at One Boca Place, 2255 Glades Road. This expansion further solidifies Withum’s growing presence in the Sunshine State, complementing its established offices in Orlando and other key regions nationwide. The subject matter experts based in the Boca Raton office (all local residents), provide comprehensive services to high-net-worth individuals , family offices , businesses , and non-profi

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State Societies in Action: Wisconsin Institute of CPAs

CPA Practice

State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. The Wisconsin Institute of Certified Public Accountants was founded in 1905 and has continued to represent CPAs, accounting, and business professionals, promoting the value of members and the accounting profession.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Board members need more audit and finance skills

Accounting Today

Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.

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Professionals on the Move – Nov. 2024

CPA Practice

Professionals on the Move is a round-up of recent promotions and hiring announcements from around the profession. CohnReznick’s McCafferty selected to MACPA’s 2024 Women to Watch CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, announced that Molly McCafferty, Partner, Assurance, has been selected as one of four 2024 Women to Watch by the Maryland Association of CPA’s (MACPA) Foundation.

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The Tax Blotter – Nov. 2024

CPA Practice

The Tax Blotter is a selection of briefs on the latest tax legislation and Tax Court rulings. The IRS has announced its annual inflation adjustments for qualified retirement plans and IRAs for 2025 in conjunction with recent tax law changes. Salt away more in 401(k)s. The limit on employee deferrals to 401(k) plans, the most popular type of employer-provided qualified retirement plan in the land, is increasing from $23,000 in $2024 to $23,500 in 2025.

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Tech news: Intuit announces Intuit Assist for QuickBooks

Accounting Today

Plus, Deloitte releases four new accelerators on Workiva marketplace; KPMG invests $100 million in Google Cloud Alliance; and other accounting tech news.

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Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review Blue J , a generative AI platform for tax experts. With Blue J, professionals can complete hours of tax research in seconds. Blue J instantly delivers verifiable tax answers and drafts high-quality communications, so you can focus on creating exceptional client experiences. Watch the video, or listen to the audio podcast below (transcript below): – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated tra

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GASB aims to align with Financial Data Transparency Act

Accounting Today

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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The Top Toys and Gifts for the 2025 Christmas and Holiday Season

CPA Practice

As a record number of people (183.4 million) are expected to shop during the Thanksgiving holiday weekend , a new survey from the National Retail Federation and Prosper Insights & Analytics reveals the most popular toys and gifts consumers plan to purchase this holiday season. “The holiday season is in full swing and while many consumers have made progress on their shopping lists, most shoppers will make the majority of their purchases over the coming weeks,” NRF Vice President of Industry a

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Tax Fraud Blotter: Partners in crime

Accounting Today

Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.

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Holistic Hiring: Closing the Gaps in Your Recruitment Strategy

Insightful Accountant

You can earn CPE Credits while you learn from Michelle LeBlanc and Keely Collins Pate about how recruiting top talent in finance and tax is more competitive than ever. This webinar explores how to approach hiring holistically.

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ACFE marks International Fraud Awareness Week

Accounting Today

More than 1,400 organizations across the world are educating their communities about the threat of fraud and scams and how to stay safe.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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Internal Controls Are Useless If Management Can Easily Override Them

FraudFiles

Some companies think they are protected against employee fraud because they have strong internal controls. Often, that’s the case. Good controls mean the rules are followed and the money is properly accounted for. Sometimes, however, good controls are meaningless. What about the controls over the controls? All the rules and designated procedures in the world [.

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On the move: KSM hired director of IT operations

Accounting Today

Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Moss Adams release surveys; and more news from across the profession.

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3 Reasons to Involve Your Children in Small Business Saturday

CPA Practice

By Elizabeth Ayoola/NerdWallet Paradise Post, Paradise, Calif. (TNS) The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Kids are often pretty good at being consumers.

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Tax scheme star witness clams up at his own €428M trial

Accounting Today

Kai-Uwe Steck, who spilled the beans to German prosecutors and TV viewers about the Cum-Ex scandal, turned silent at a trial into his own alleged role.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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Legal challenges continue against DOL’s minimum salary threshold for overtime regulations

ThomsonReuters

← Blog home Another legal challenge against the U.S. Department of Labor’s (DOL) minimum salary threshold for Fair Labor Standards Act (FSLA) overtime regulations continues in the wake of the November 15 ruling from a Texas federal court judge that vacated the DOL’s July 2024 rule , reverting the threshold back to a rule from five years ago.

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UPS hit with $45M penalty by SEC over improper valuation

Accounting Today

The company failed to follow GAAP when it evaluated its less-than-truckload operations in 2019 and 2020.

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Friday Footnotes: PCAOB Demands More Tedious Paperwork From Firms; PwC Partners Retire Early; KPMG Redeems Itself? | 11.22.24

Going Concern

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. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Intuit falls after giving tepid outlook despite new AI tools

Accounting Today

The financial software company is working on implementing artificial intelligence features through its applications including tax preparation program TurboTax.

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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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Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department

CPA Practice

On Friday, President-elect Donald Trump has nominated Scott Bessent, the founder of Key Square Group, a global investment firm. The 62 year-old Yale alum served as an economic advisor during Trump’s first administration, and a major campaign fundraiser and donor. Bessent was backed by several people on Wall Street and in Trump’s influence circle, including former NEC director Larry Kudlow, long-time adviser Steve Bannon, and Kyle Bass, the head of Hayman Capital Management.

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Billionaire Ken Griffin says he's wary of Trump's tax-cut and tariff agenda

Accounting Today

He believes Republicans should be mindful of the effect of tax cuts on the growing national debt.

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Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit

CPA Practice

By Zachary Hansen The Atlanta Journal-Constitution (TNS) LOS ANGELES — A top executive at Hyundai Motor Group said the electric vehicle market in the U.S. remains attractive even if the forthcoming Trump administration rolls back federal programs designed to juice EV sales. “We are not planning our business based on tax credits,” José Muñoz, Hyundai North America’s chief executive, said Thursday at the Los Angeles Auto Show after unveiling a new electric SUV slated to be built at the company’s

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