Tue.Mar 19, 2024

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Accounting’s 10 Most In-Demand Skills For 2024, According to Upwork

CPA Practice

Freelance talent platform Upwork has conducted a study that reveals which types of skills are most important to accounting firms and corporate accounting departments when adding new employees to their rosters this year. “For the workforce, it is absolutely essential to understand what skills are most in demand in order to stay ahead and generate value, both for organizations and themselves,” Upwork said in the study.

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VAT, GST and will the U.S. see a national tax?

TaxConnex

Wouldn’t it be amazing if your online business had to deal with just a single sales tax rate? Any business that sells into America knows that sales tax is still a complex web of different rates and requirements. There has occasionally been discussion about instituting a nationwide standard sales tax in the US only to find the concept tough to advance.

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Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment

BurklandAssociates

Even at the earliest stages, startups need to ensure their business models drive an appropriate balance of revenue growth and profitability. The post Efficiency Metrics for Early-Stage SaaS Startups in Today’s Funding Environment appeared first on Burkland.

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Anders Ranks #74 on Accounting Today’s Top 100 Firms List

Anders CPA

Anders is proud to be recognized as one of Accounting Today’s Top 100 Firms for the fourth year in a row. After breaking into the Top 100 Firms in 2021, Anders has moved up the list to #74 for 2024. The firm is also recognized on the Regional Leaders list, ranking third on the list of firms headquartered in the Midwest. In 2023, Anders focused on organic growth with strategic efforts around advisory services, opening a second office location in Chesterfield, MO and hiring the firm’s first Chief

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Live Demo: How to Achieve Reconciliation Zen

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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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IRS needs to plan better for modernization funding

Accounting Today

The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.

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Social Security Chief Martin O’Malley Vows to Fix ‘Cruel-Hearted’ Overpayment Clawbacks

CPA Practice

By Fred Clasen-Kelly, KFF Health News (TNS) The Social Security Administration’s new chief is promising to overhaul the agency’s system of clawing back billions of dollars it claims was wrongly sent to beneficiaries, saying it “just doesn’t seem right or fair.” In an interview with KFF Health News, SSA Commissioner Martin O’Malley said that in the coming days he would propose changes to help people avoid crushing debts that have driven some into homelessness and caused financial hardships for th

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Reminder: May 31, 2024 Sunset of QuickBooks Desktop 2021

Insightful Accountant

Sunsets are not always as beautiful as the one depicted. and so it may be for many who are using QuickBooks Desktop 2021 products when those products 'sunset' on May 31, 2024.

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California case settles how to tax bundles

Accounting Today

The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.

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Marketing by Numbers Joins Forces with CPAmerica for Accounting Marketing

CPA Practice

CPAmerica, Inc. has announced its latest partnership with Marketing by Numbers , welcoming them as a new preferred provider for the association. Marketing by Numbers’ platform will enable member firms to harness AI and expertly prepared articles to easily craft thought leadership content and communicate it through email and social media. Since 2018, Marketing by Numbers has assisted accounting firms of all sizes in streamlining their marketing processes and driving revenue growth.

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Tax scandal 'mastermind' says he did nothing wrong

Accounting Today

A British hedge fund trader said in court that he and his team did nothing illegal when receiving more than $1.3 billion in dividend tax refunds.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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How to Get Laid-Off?

Going Concern

While thousands of Big 4 grunts wake up every day filled with anxiety at the possibility of an unexpected manager meeting showing up on their calendar, you have people like this. This kid is going places in life. I mean…phone it in hard enough and you should be good right? The post How to Get Laid-Off? appeared first on Going Concern.

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Navigating tax season amid the accounting attrition crisis

Accounting Today

with tax season in full swing, accountants need to have a game plan to mitigate the potential impacts the shortage may cause.

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We’re paying back time with new changes in Xero Payroll

Xero

If you’re running a small business that employs staff, you know the administrative ‘to-do’ list can be quite lengthy. Onboarding, managing timesheets, setting wages, processing payroll, preparing for end of financial year … it can all take up valuable time. Pay runs in particular need to be easy and efficient for you, as well as your accountant and bookkeeper.

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M&A yields major gains in SEC clients in Q4

Accounting Today

GreenGrowth CPAs dominated the league tables in the last quarter of 2024, adding 30 new clients through two acquisitions.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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How AI Innovation Tools Are Revolutionizing Consumer-Centric Solutions

Cherry Bekaert

Staying ahead of consumer demands is not just a “nice-to-have” advantage but a necessity for businesses to survive. At Cherry Bekaert, we specialize in leveraging the power of artificial intelligence (AI) to revolutionize our clients’ research and development (R&D) and go-to-market strategies. This integration of AI not only expedites the discovery process but also helps certify that products and services do more than meet consumer needs.

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Tax season so far: By the numbers

Accounting Today

While tax season started seven days later this year, taxpayers are getting their returns into the IRS earlier, according to the latest statistics.

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Why Sage Intacct Dynamic Allocations Is A Gamechanger

GrowthForceBlog

6 min read The ability to allocate revenue and expenses is essential to determining the performance of various segments within your business, and this information is vital to running a profitable business. This means not just understanding how much your business spends and earns across the board but also understanding how much it spends and earns as a result of specific projects, products, services, employees, departments, or other critical units.

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Field Set For 2024 Accountant Bracket Challenge

CPA Practice

Voting is underway for the first round of Accounting High’s 2024 Accountant Bracket Challenge, which includes 72 participants in four regions with Jason Staats/Jason Daily Podcast, Relay, Bridging the Gap Conference, and Keeper as the No. 1 seeds. The eight brackets comprising 64 “teams”—plus a bonus tax bracket of eight challengers—were revealed on March 18.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Common Budgeting Mistakes to Avoid

Basis 365

Financial planning and management are foundational to enduring success and growth. As businesses evolve, so does the complexity of their financial needs, making it imperative to stay informed and adept at budgeting, accounting, and bookkeeping practices. In this comprehensive guide, we'll navigate through key considerations and common pitfalls in budgeting, identify major financial mistakes to avoid, recommend the best budgeting method, and offer insights into utilizing modern tools over traditi

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Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States

CPA Practice

By Sean Emery, The Orange County Register (TNS) A former Orange County tax preparer convicted of carrying out a tax fraud in which prosecutors say he attempted to claim more than $10 million from the IRS and numerous state tax authorities was sentenced on March 18 to 10 years in federal prison. Stephen Jake McGonigle, 66, of Victorville, CA, was also ordered by U.S.

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Meet the Brand: Inflo

Accounting Insight

Introducing Inflo, who have been leading accounting firms’ evolution by modernising audit practices. Learn more about them, from how they started to what they’ve got in store for Accountex… What does Inflo do? Inflo is at the forefront of transforming the auditing profession. Our innovative cloud-based audit management platform is trusted by many of the world’s largest firms and global networks, offering a fully end-to-end, scalable, digital solution.

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NFL Doles Out Draft Punishment to 49ers For Payroll Accounting Errors

CPA Practice

By Jerry McDonald, Bay Area News Group (TNS) The San Francisco 49ers will pick a little later in the fourth round this year and will forfeit a fifth-round selection in the 2025 NFL Draft after being penalized by the NFL for payroll accounting errors at the close of the 2022 league year. The punishment amounts to a slap on the wrist for this year’s draft from April 25-27 in Detroit.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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PCAOB fines Israeli audit firm $200K

Accounting Today

The Public Company Accounting Oversight Board posted a settled disciplinary order Tuesday sanctioning an Israeli auditor and her firm for violating the PCAOB's rules during several audits, imposing a $200,000 penalty.

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From Ballroom to Business: Choreographing Experiences for Success

Summit CPA

Michael Johnson emphasizes the importance of choreography in business, particularly in creating memorable experiences for customers and team members.

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Exxon CEO says hydrogen project at risk without IRA tax credits

Accounting Today

Exxon Mobil Corp. won't move forward with one of the world's largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities.

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Case Study: Strengthening the Internal Controls of a Labor Union

Withum

Download a PDF of this case study. Executive Summary The Labor Union faced various material weaknesses in their financial processes, including bank reconciliations, payroll documentation, and other significant deficiencies. Withum’s approach involved working with the Labor Union’s management to understand their processes, conduct assessments, and provide recommendations for improving their internal controls.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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How the AI revolution is ushering in a capacity revolution

Accounting Today

Artificial intelligence will redefine our thinking around capacity and talent management.

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Inspiring Bookkeeping Journey and Business Strategies Revealed! | Serah Blackstone-Fredericks

Insightful Accountant

On this episode of Accounting Insiders, Serah Blackstone-Fredericks shares her journey into bookkeeping, initially aiding a friend with legal paperwork and later managing an office before establishing her bookkeeping business.

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Tax Filing Tips for Life’s Biggest Milestones

CPA Practice

By Jamie Scott, Partner at The Bonadio Group. Major milestones like getting married, having a child, or buying a new home are exciting events to look forward to in life, but they may also have tax implications that must be prepared for to mitigate tax surprises. Not educating yourself on what these major life events mean for your taxes in the upcoming year can have consequences in the form of leaving sizable credits on the table or filing incorrectly.

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Cybersecurity for Startups and Emerging Growth Companies: Why You Don’t Have To Do It All at Once

Withum

Cyberattacks today only continue to grow and as a result, cybersecurity has become a critical concern for businesses of all sizes. But, for small and growing organizations, the challenge lies in balancing the need for robust security measures with the allocation of limited capital toward necessary growth activities like product development, sales and marketing.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.