Wed.Apr 19, 2023

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New Talent Deployment Strategies for 2023

CPA Practice

As a leader in your firm, you likely have ambitious goals to impact your clients’ bottom lines and grow your firm. But to reach those objectives, you need a team, and that’s becoming increasingly difficult to find if you’re hiring accountants. According to Caseware’s 2023 State of Accounting Firms Trend Report , more than 90% of accountants and 95% of auditors find hiring skilled talent challenging.

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PwC Once Again Tops the Vault Accounting 25, EY Almost Didn’t Make the List

Going Concern

Vault has announced its much-loved Accounting 25 list today and it should come as no surprise that PwC has once again topped the list, making it 11 years in a row at the top for P. Dubs. Congrats to them for holding down the throne. While prestige is the most important factor in the Vault Accounting 25 ranking formula, the 11,000 accounting professionals surveyed also value the following factors: firm culture, type of work, location, work/life balance, compensation, business outlook, and trainin

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4 questions to drive your audit firm’s evolution

ThomsonReuters

The accounting and audit profession is undergoing significant changes as a result of the rapid advancement of technology. While some have expressed concerns that automation may replace human auditors, the reality is that technology is here to enhance the profession rather than replace it. Automation tools can help streamline processes , reduce inefficiencies, and free up human auditors to focus on higher-value tasks.

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Eved and SAP Announce New Pay and Vend Platform

Insightful Accountant

Eved and SAP partner to bring new Payment and Vendor Management Platform to Entertainment, Media and Production Companies.

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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.

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U.S. Job Growth Slows, But Economists Say Recession Not Looming

CPA Practice

By Nate DiCamillo – Quartz (via TNS). The U.S. labor market grew at its slowest pace in two years in March, but it’s not signaling a recession. The U.S. added 236,000 jobs in March, almost right in line with expectations of economists polled by FactSet for 240,000 jobs added. “No recession in this data,” said George Pearkes, an investment analyst at Bespoke Investment Group.

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Having Payroll Problems Due to Business Verification Lock-out?

Insightful Accountant

QuickBooks Payroll customers are reporting being locked-out of QuickBooks Payroll Services, including Direct-deposit, even for do-it-yourself Desktop subscribers.

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It’s Payback Time: How to Handle an Employee Expense Reimbursement in Payroll

Patriot Software

Does this sound familiar? You ask an employee to run a few errands for the office. They end up with a $10.79 coffee shop bill, $56.99 at the office supply store, and $25.28 at a local pizza joint. Sure, you plan to repay them. But how much do you know about employee expense reimbursement?

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California Department of Tax and Fee Administration Announces New Sales and Use Tax Rates

KROST

The California Department of Tax and Fee Administration (CDTFA) announced new tax rates, tax codes, and expiration dates that took effect on April 1, 2023. In the November election of 2022, California voters approved the latest district tax changes, which are now applied to specific cities and counties in California. If you would like to Read the full article.

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Contractor Business Systems Series: Part 6 – Property Management System

Cherry Bekaert

Government Property Management System is one of the six systems covered by the Department of Defense’s (DoD) Contractor Business Systems. In this sixth episode of Cherry Bekaert’s podcast mini-series on each of the six Contractor Business Systems, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, and Brendan Halloran , a Senior Manager in the Firm’s GovCon practice who previously was a Divisional Administrative Contracting Officer (DACO) at the De

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Can Your Spreadsheet Do This? Tips on How To Use Power Automate

Withum

Excel has long been a staple for small businesses, but it’s time to step into the future with Power Automate. In this article, we’ll dive into concrete examples of how to use Power Automate and its processes to revolutionize your business operations, leaving traditional Excel spreadsheets in the dust. If you’ve ever wondered if there is an alternative to Excel (and maybe even a better one), this is your article.

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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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Intuit Launches QuickBooks Small Business Index

CPA Practice

Intuit Inc., the financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, recently launched the Intuit QuickBooks Small Business Index , a new monthly indicator of employment and hiring among small businesses in the U.S., Canada, and the UK developed in collaboration with leading global economist and University of Chicago professor Ufuk Akcigit.

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You Are Not Charging Enough

Going Concern

Psst. Hey, you. Yeah, you. We are speaking on behalf of the universe with a message for you: You are not charging enough. Honestly, we could just end the article here but there are minimum word counts to hit so in a moment we’re going to give you a few reasons why you need to raise your fees, though you don’t need them. Crazy concept, right? You can just raise your fees.

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How to talk with your boss about taking climate action

Accounting Insight

It’s time to take the initiative and start that conversation with your boss. How do you start making your business more climate conscious if you’re not the head honcho? Well, it should all start with a (maybe) awkward but (definitely) necessary conversation with your boss. It just so happens that this juicy topic is the subject of the final episode of ’1.5 degrees of Confusion’ – our new three-part mini-series, produced in partnership with WaterBear and narrated by BBC climate presenter Ade Adep

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Intuit QuickBooks Launches Rest-of-World App Store

CPA Practice

To help create a more robust platform that serves accountants and small business owners globally, Intuit QuickBooks has launched a dedicated rest-of-world app store that allows developers to build apps that seamlessly integrate with the QuickBooks platform. By launching the rest-of-world app store, Intuit says it is encouraging developers to create niche solutions, effectively increasing the power of the platform.

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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.

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Things to consider when building an AppStack for your organisation

Accounting Insight

It’s a temptation for an organisation to invest a lot of time collecting the perfect combination of apps for your needs. However, there is a risk that the hunt for the perfect “app stack” can leave you with a system that is unnecessarily complex and at risk of failure. Whether you’re responsible for your own organisation’s finances, or are an accountant handling someone else’s, it’s worth considering whether the right accounting software could do the work of many applications.

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Revised ISA (UK) 315

Menzies

Menzies LLP - A leading chartered accountancy firm. Identifying and Assessing the Risk of Material Misstatement: ISA 315 has been revised for periods commencing on or after 15 December 2021. The key changes are highlighted in this document. Objective: The objective of revisions to this ISA is to increase quality and drive more consistent and robust risk assessments, as well as promote the exercise of professional scepticism.

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Leadership Development in Your Skagit County Business

SkagitCountyTaxServices

Unless you’ve been living in a cave like this woman , you know that business ownership is a tough gig right now — it’s nearly an Olympic sport to keep things running and moving ahead. But, despite all that, being a business owner is also pretty great. And I’d make a guess that a big part of that for YOU is getting to be your own boss. You get to build something that has impact and move it any way you feel is the right way forward.

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Podcast: Deep dive into statistics and what to expect from 2023

Menzies

Menzies LLP - A leading chartered accountancy firm. This podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla, Director, Menzies, and Craig Evans, CEO, Company Watch. The podcast looks at a deeper dive behind statistics and what’s in store for 2023. Giuseppe Parla – MIPA, MABRP Director View profile The post Podcast: Deep dive into statistics and what to expect from 2023 was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

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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.

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A Curated Toolkit for Growth

Summit CPA

How a Business Operating System Benefits Digital Agencies When you’re trying to grow your business, or even solve a management issue, there are a few serious ways you can go about it. If you’re a DIY kind of leader, you can read a book (and there are some great ones out there). Or if you’re looking for outside expertise, you can hire a consultant (and there are some great ones out there).

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New product launches for Accountex London

Accounting Insight

With Accountex London around the corner, thousands of accounting and finance professionals will be returning to ExCeL London on 10-11 May 2022. 275+ exhibitors including industry giants and up and coming start-ups will be showcasing the best new products, tech, software, services and solutions in the world of accounting. With this year’s show bigger than ever, we thought we would highlight some new product launches at the event… Training and Education All in Place (Stand 16

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It’s Over

RitaKeller

“Don’t dwell on what went wrong. Instead, focus on what to do next. Spend your energy moving forward together towards an answer.” – Denis Waitley It’s over. I’m talking about tax season, although in a public accounting firm, “it’s” never over. If you are a successful, profitable, growing CPA firm, you are busy all the time.

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Private Equity and Dental Support Organizations (DSO) Transactions

Cherry Bekaert

Cherry Bekaert’s Healthcare Deal Advisory practice is uniquely positioned at the intersection of our Private Equity and Healthcare & Life Sciences practices. This means your Cherry Bekaert Healthcare Transactions team not only has extensive deal experience, but also possesses in-depth expertise of the healthcare segment. As a result, we enhance the efficiency and value of every healthcare transaction at each stage of the deal with our industry-unique 100% healthcare/private equity led team!

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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.

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VAT Claim available for local authorities

Menzies

Menzies LLP - A leading chartered accountancy firm. Local authorities have been given the go ahead by HMRC to stop charging VAT on their leisure services, including those already supplied. Following the outcome of VAT tribunal cases brought by three local authorities, HMRC have allowed a change to the VAT treatment of leisure services they provide. To date, admission to a Local Authority provided leisure centre has been subject to VAT at 20%.

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Healthcare “Micro Deals Experience” for Private Equity and Dental Support Organizations

Cherry Bekaert

The rollup strategy is a common business model for healthcare services growth companies. At Cherry Bekaert we call these high volume, small practice acquisitions “Micro-deals.” The rollup strategy presents several unique challenges for platform companies in comparison to traditional acquisition models. First, most small add-on practices (targets) usually do not have sophisticated or professionalized financial functions.

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5 Steps for Healthy Practice Transitions

CPA Practice

By Rick Dennen. Leadership transitions in accounting practices happen for many reasons, including retirements, resignations, deaths, buyouts, or simply having a new partner leading the practice, yet owners often put off planning for these types of changes. The time for transition will come, though, and when it does, you’ll want to hand over the reins smoothly.

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Managing inheritance tax

Inform Accounting

Like many other taxes, inheritance tax (or IHT) allowances have been frozen. This sounds generous of the chancellor at a time when the government is strapped for cash. But it actually means that we are paying more in the long run. Data from HMRC has revealed that Inheritance tax collected between April 2022 and February 2023 totalled £6.4bn, which is £900m higher than the same period last year.

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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.

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Auditors’ Tricks Can Help Find Academic Fraud, New Study Says

CPA Practice

Auditing practices from the accounting profession can be adapted to identify academic fraud, according to new research by the University of St Andrews. In a paper published in the journal Research Integrity and Peer Review , the authors show how effective statistical tools can be employed by those who review scientific studies to help detect and investigate suspect data.

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Biden Taxes Show Income of $580,000 in 2022

CPA Practice

By Evan Rosen, New York Daily News (TNS) The White House released President Biden’s tax returns on Tuesday, showing he and the first lady recorded an income of about $580,000 in 2022, just below their total from 2021. The release came Tuesday, the deadline for Americans to file their taxes with the IRS. Biden restored the federal government’s practice of sharing the president and vice president’s tax returns , in an effort to bring more transparency to the White House after his predecessor Dona

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Trump CFO Allen Weisselberg Released From Jail After 100 Days For Tax Fraud

CPA Practice

By Graham Rayman and Molly Crane-Newman, New York Daily News (TNS) The Trump Organization’s convicted finance chief Allen Weisselberg was sprung from Rikers Island on Wednesday. Donald Trump’s longtime moneyman, convicted of criminal tax fraud last August, had been behind bars for 100 days, the minimum he was required to serve with good behavior. A city Department of Correction source said Weisselberg wasn’t given special treatment.