Mon.Nov 13, 2023

article thumbnail

Tips for Managing Capacity During Tax Season

Canopy Accounting

It's that time again to begin exploring ways we can manage tax season, stay sane, and still be intentional about how we lead our firms. In this webinar we'll discuss some capacity management tips for those running a tax season with a virtual team (which is more difficult to do than brock and mortar!).

Tax 111
article thumbnail

Art of Accounting: Managing strategic growth

Accounting Today

Strategic growth requires a plan, execution and something new to present to potential clients.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Americans Received 4.6 Billion Robocalls in October

CPA Practice

U.S. consumers received just over 4.6 billion robocalls in October, representing a 7.9% increase from September’s volume, as robocall volumes continue to oscillate between roughly 4.5 billion and 5 billion robocalls/month. That’s according to a new survey. October averaged 148.7 million robocalls/day and 1,721 robocalls/second, up 4.4% from September’s average of 142.4 million robocalls/day and 1,648 robocalls/second.

article thumbnail

AICPA approves revised tax standards

Accounting Today

The American Institute of CPAs is rolling out some changes in its tax standards that will take effect in January.

Tax 132
article thumbnail

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.

article thumbnail

The Texas Board of Accountancy Slapped EY With a Huge Fine

Going Concern

A year and a half after the SEC announced a record $100 million fine against EY , the ghost of cheating past continues to haunt the firm. This time in the form of $3 million payable to the state of Texas. This is the largest administrative penalty the Texas Board has ever assessed against a CPA firm. This from a press release on Friday : EY was the subject of a Securities and Exchange Commission (SEC) order that included a number of professionals licensed as Texas CPAs who were found to have che

Texas 111
article thumbnail

IRS destruction of paper returns had little impact

Accounting Today

The service's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the pandemic probably had little effect on taxpayers, according to a new report.

Tax 128

More Trending

article thumbnail

Construction for accountants

Accounting Today

Kit Dickinson of ADP shares the latest issues in the construction industry, and what they need from their CPAs.

article thumbnail

Cohen & Co. to Move Into Buffalo After Acquiring CPA and Consulting Firms

CPA Practice

Top 50 accounting firm Cohen & Co. will be entering the Buffalo market when a deal to acquire Szymkowiak & Associates CPAs and its sister firm PEAR Consultants closes next month. All professionals of Szymkowiak and PEAR Consulting, which share an office in Buffalo, will join Cohen & Co. after the deal becomes final. This includes the firms’ five partners and approximately 30 team members.

CPA 110
article thumbnail

Jackson Hewitt launches hiring push

Accounting Today

The tax preparation chain expects to hire 18,000 people.

article thumbnail

Philly’s Up and Coming Tech Entrepreneurs

Withum

In this episode of Founded in Tech, David Hansell sits down with Jake Coppen and Jacob Beaudin, to discuss the inception of NOW, the startup scene in Philadelphia, and their future plans.

105
105
article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

article thumbnail

QuickBooks Connect Underway in Las Vegas

Insightful Accountant

The "show goes on," as the great 'Ring Master' said. QuickBooks Connect, is underway at the Aria Hotel & Convention facility, having narrowly averted a strike when MGM, Caesars and Winn Resorts all settled with the Food/Beverage/Hospitality workers.

article thumbnail

How higher 401(k) and IRA limits may change financial plans next year

Accounting Today

Planners and their clients can use the annual cost-of-living adjustments as a helpful reminder to consider tweaks to retirement savings and strategies, experts said.

Tax 96
article thumbnail

What Investors Really Want From a Technology Company

Cherry Bekaert

How often are technology companies truly prepared when ready for an exit or to take on new funding? Cherry Bekaert’s Dixie McCurley sits down with investor and CEO Lauren Fernandez to get her take on the components that lead to business growth, success and eventual sale. Lauren shares the number one priority she has for assessing a company’s financial health, as well as thoughts on the future of AI and technology.

article thumbnail

How to revitalize a CPA firm while the business model stagnates

Accounting Today

Have you ever looked at the websites of the top five CPA firms in your market and observed what similar services they provide?

article thumbnail

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.

article thumbnail

EY Gets $3 Million Penalty by Texas Board of Public Accountancy

CPA Practice

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm. EY was the subject of a Securities and Exchange Commission order that included a number of professionals licensed as Texas CPAs who were found to have cheated on ethics exams and on a variety of

Texas 85
article thumbnail

Financial execs need to staff up for SEC climate disclosures

Accounting Today

Companies are finding it difficult to hire enough qualified people in the relatively new field of sustainability reporting.

article thumbnail

Federal Cannabis Rescheduling: How to Prepare Financially for an Uncertain Timeline

Anders CPA

The cannabis industry is accustomed to shockwaves, between voter referenda, congressional bills and state-wide policy shifts. But of all the cannabis news to break over the past few years, nothing has the power to change the landscape like the potential for the Drug Enforcement Agency (DEA) to reschedule cannabis from Schedule 1 to Schedule 3. Although the industry’s ultimate goal is for complete descheduling, the proposed shift would be a game-changer for cannabis operators because it would nul

Tax 72
article thumbnail

The ABCs of AI in accounting

Accounting Insight

The potential of AI is only continuing to grow. It is rapidly making its way into a range of industries, transforming the way we work and helping us take on more of what we do best. This is particularly true of accountancy professionals, who have been freed up to work smarter and get more done with their newfound time, instead of spending hours completing manual tasks.

article thumbnail

Doing More With Less: The Modern Finance Miracle

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.

article thumbnail

Exempt vs Non Exempt Employee: What’s the Difference?  

inDinero Accounting

In August 2023, the Department of Labor proposed changing pay thresholds governing exempt vs. non exempt employees from protections under the Fair Labor Standards Act (FLSA). Should the change proceed, 3.4 million additional employees could be entitled to overtime pay. This change is not something for startups and small businesses to take lightly. Misclassifying employees as exempt can be an expensive headache for business owners.

article thumbnail

Video Game Fever: Can Hollywood Grow Esports?

Withum

Hollywood has a gaming fascination. From award-winning shows like Cyberpunk: Edgerunners (2022), Arcane (2021), and The Last of Us (2023) to movies like The Super Mario Brothers Movie (2023), and Sonic the Hedgehog (2020, sequel in 2022) and the upcoming Legend of Zelda movie studios can’t get enough of video games. This is part of a larger trend toward multimedia storytelling, often called cross-media, which aims to tell related narratives across varied mediums.

Gaming 64
article thumbnail

Cohen & Co. to merge in Szymkowiak and Pear

Accounting Today

The Top 50 Firm is expanding its reach into Western New York.

article thumbnail

AICPA Tax Executive Committee Approves Revised Tax Standards

CPA Practice

In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax Services (SSTSs) for public comment. The AICPA’s Tax Executive Committee (TEC) reviewed and adopted the updates to the SSTSs on May 18, 2023; the updated standards will be effective on January 1, 2024. The AICPA SSTSs serve as the ethical framework for tax professionals and are enforceable tax standards for AICPA members.

Tax 59
article thumbnail

8 Pillars of Leadership Development

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.

article thumbnail

Staying ahead of independence and conflicts problems

Accounting Today

Conflicts, independence and wisdom sit in the native-built corporate tree.

60
article thumbnail

Corporate Boards Grow in Diversity

CPA Practice

Corporate boards have become significantly more diverse over the past five years, according to a new report from The Conference Board and ESGAUGE. The share of female directors in the S&P 500 increased from 23% in 2018 to 32% in 2023, while the reported share of racially/ethnically diverse directors grew from 20% in 2018 to 25% in 2023. As the report points out, however, the reported growth in both racial and gender diversity has slowed in the past year.

article thumbnail

Unlock the Full Potential of Caseware Working Papers: Supercharge Your Workflow with Cloud Hybrid, PBC and Accomplish

LSLCPAs

In a previous blog post, we explored the exciting world of Caseware’s Cloud Hybrid and its potential to revolutionize your workflow. Today, we’re taking it up a notch by introducing you to the world of Cloud integrations that will supercharge your Cloud Hybrid experience. Say Goodbye to Data Collection Hassles Ask any auditor, and they’ll.

auditor 59
article thumbnail

What accountants and payroll teams need to know about a potential Labour Government

Accounting Insight

We don’t have an election date yet, but it is overwhelmingly likely that there will be one next year. And the polls and recent by-elections results suggest the most probable outcome is a Labour Government. Nothing in politics is ever a sure bet, but it does make sense for accountants to start getting an idea about what changes Labour is keen to make should it win the election.

payroll 59
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

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.

article thumbnail

Exempt vs Non Exempt Employee: What’s the Difference?  

inDinero Accounting

In August 2023, the Department of Labor proposed changing pay thresholds governing exempt vs. non exempt employees from protections under the Fair Labor Standards Act (FLSA). Should the change proceed, 3.4 million additional employees could be entitled to overtime pay. This change is not something for startups and small businesses to take lightly. Misclassifying employees as exempt can be an expensive headache for business owners.

article thumbnail

Announcing the winners of the 2023 Xero Beautiful Business Fund

Xero

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

article thumbnail

We Need Your Opinion

Insightful Accountant

We are constantly striving to improve Insightful Accountant to ensure that we are meeting your content needs.

article thumbnail

We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

article thumbnail

How to Set Better OKRs and Drive Results

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.