Canopy Accounting

AUGUST 10, 2023

In this webinar “Lies Accountants Tell Themselves”, our panelists discuss Canopy’s recent 2023 Accounting Practice Management Survey and how some of the findings may indicate that accountants are convincing themselves of “truths” that may be damaging their attempts at building a successful firm. Watch the replay video below to gain some perspectives that can help you take a closer look at your own business practices and where there is room for improvement.

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Account accountant accounted 98

CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. Jackie Cardello During the panel discussion, “Accounting Across Generations: Assessing the Current State of the Industry,” the question, “What do we have to change to rebuild the talent pipeline in the accounting profession

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cpa firm CPA cpas Maryland 105

Accounting Today

AUGUST 31, 2023

CPAs who are also top executives at their companies are feeling a little more upbeat about the U.S. economy as recession fears fade, according to a new survey.

CPA 117

CPA cpas Account accountant 117

BurklandAssociates

AUGUST 29, 2023

Tracking your monthly burn rate helps ensure you don’t run out of cash runway while investing in your startup’s growth. The post How to Calculate Burn Rate at Your Startup appeared first on Burkland.

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Account accountant accounted 261

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

Accounting Today

AUGUST 30, 2023

The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.

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Tax 140

Going Concern

AUGUST 30, 2023

Another state has pushed to allow prospective CPAs to sit for the exam with just a bachelor’s degree worth of units and that’s good ol’ Texas. Effective September 1, future CPAs can sit for the exam with 120 units of education. Before anyone gets too excited, note candidates still need 150 units for licensure. Rules state the 120 units to sit must consist of no fewer than 24 semester hours of accounting, 21 of which must be upper-level accounting courses including two semester

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Texas CPA cpas Education 126

Insightful Accountant

AUGUST 31, 2023

Murph wants to help you keep abreast of things happening around you—from news to vendor releases, conference tips and IRS updates. If he thinks you need to know, he's telling you.

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Anders CPA

AUGUST 31, 2023

Anders is ranked first in the medium-sized employer category for the 2023 Healthiest Employers of St. Louis by Healthiest Employers in partnership with Springbuck. Healthiest Employers is a trusted awards program that recognizes people-first organizations taking a more proactive approach to employee health. This is the first year Anders has been included on the list.

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CPA Account accountant accounted 105

Ryan Lazanis

AUGUST 30, 2023

Many small accounting firm owners often obsess over automation to operate their business. In this episode, I discussed the key to reducing workload and enhancing firm success. Listen Below. 0:51 – While I was running my own accounting firm, I experienced the allure of technology and automation, and the tempting notion that the right tech solutions could solve all our issues. 1:21 – Numerous firm owners excessively focus on identifying the perfect tech stack, thinking it’s the k

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Technology accounting firms Account accountant 98

Accounting Today

AUGUST 30, 2023

The Internal Revenue Service issued guidance Wednesday on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.

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Tax income tax 125

Advertiser: Paycor

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.

Going Concern

AUGUST 31, 2023

Are you struggling to hire remote accountants, auditors, or tax professionals right for your firm or internal team? Accountingfly is ready to partner with you! Gain full access to a pool of highly skilled and experienced remote accountants ready to join your team with Always-On Recruiting. We are sharing a sneak peek of a few top candidates available this week with Accountingfly.

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Account accountant accounted CPA 108

CPA Practice

AUGUST 30, 2023

By Joseph Wilkinson, New York Daily News (via TNS). The Biden administration wants to give 3.6 million workers access to overtime pay. Under proposed changes from the Department of Labor , any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.

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New York Hospitality Manufacturing Retail 111

Withum

AUGUST 25, 2023

Withum is excited to share that John Sheehy, JD, and Principal within the Forensics and Valuation Services Team, will lead the Firm’s Investigative and Corporate Intelligence Services Group. Formerly a Special Agent, Crisis Negotiator and Supervisor at the Federal Bureau of Investigation, John has a complex and comprehensive understanding of white-collar crime and fraud.

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ThomsonReuters

AUGUST 22, 2023

Audio streaming and media services provider Spotify was founded in Stockholm, Sweden in the spring of 2006 and launched in the United States in 2011 after already solidifying a presence in the United Kingdom, Germany, France, Italy, Spain, Finland, and Norway. The company’s expansion continued rapidly with a global reach to 65 countries by March 2018 and further expansion to more than 80 markets in 2021, including locations across Africa, Asia, and the Caribbean.

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payroll Tax Entertainment California 98

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.

Insightful Accountant

AUGUST 13, 2023

Murph predicts that the day is coming when both QBO and QuickBooks Desktop users will exchange orders, sales, funds, marketing and reporting data via a network of connectivity Intuit is building in the cloud.

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quickbooks B2B Sales 98

Accounting Today

AUGUST 30, 2023

The International Federation of Accountants issued a call to action to the G20 finance leaders urging them to focus more on sustainability as a way to achieve the United Nations' Sustainable Development Goals.

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Finance Account accountant accounted 123

Going Concern

AUGUST 31, 2023

Journal of Accountancy has written about the results of the Business and Industry Economic Outlook Survey from AICPA & CIMA , a quarterly effort that takes the temperature of CPA decision-makers — mostly CFOs, CEOs, and controllers — to find out what they think about business and economic challenges inside and out of their organization. The headline: Inflation no longer the top challenge for CPA decision-makers, survey shows Whew, finally. 45 percent of respondents are optimistic about their

CPA 101

CPA Account accountant accounted 101

CPA Practice

AUGUST 29, 2023

The Treasury Department and the IRS issued detailed—but more flexible—regulations on Tuesday regarding the new prevailing wage and registered apprenticeship requirements, which are linked to companies claiming clean energy tax credits under the Inflation Reduction Act. In addition, the IRS released frequently asked questions and Publication 5855 , which is an overview of the prevailing wage and apprenticeship requirements and the applicable credits.

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Tax Construction Finance 106

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

Technology

Withum

AUGUST 23, 2023

On July 31, 2023, the U.S. Securities and Exchange Commission published a Risk Alert to their broker-dealer members regarding Anti-Money Laundering (AML) compliance examinations and related issues. The Division of Examinations’ Risk Alert reiterated the need for registered broker-dealers to establish and maintain sound AML programs for each firm designed to mitigate risks in the financial system.

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audit 98

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to min

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corporation tax Tax income tax financial statements 98

Insightful Accountant

AUGUST 10, 2023

The Intuit QuickBooks team is advising accountants and ProAdvisors of impending changes to QBO Navigation, which will give them time to start working with their clients on the upcoming enhancements.

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quickbooks Account accountant accounted 98

Accounting Today

AUGUST 30, 2023

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

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income tax Tax accounting standards financial accounting 137

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Finance

Going Concern

AUGUST 29, 2023

So a guy named Brian Kelleher who works for the hilariously named FML CPAs has written an opinion piece for the Hartford Courant entitled “Opinion: Accounting is a fantastic career — despite common misconceptions.” Let me preface everything that is about to be said here with this: Accounting is a fantastic career and I sincerely believe that or I wouldn’t have spent the last 15 years painstakingly and often obnoxiously pointing out things that are wrong with it.

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Account accountant accounted public accounting 99

CPA Practice

AUGUST 30, 2023

Hurricane Idalia made landfall in Florida early Wednesday morning as a Category 3 hurricane, and with sustained winds of 125 mph or greater. As of noon Eastern time, the hurricane was still a Category 1, and moving over southern Georgia. As a reminder: Even if you have business activities with people or entities in either state, don’t call them today or likely even this week.

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Georgia Florida North Carolina South Carolina 105

Withum

AUGUST 16, 2023

Seton Hall University and Withum announced a pilot program today aimed to ease the burden of fulfilling the 150 credit hours requirement for accounting students. The CPA Pathway Apprenticeship supports the AICPA and NABA’s initiative to help alleviate barriers for students considering a career in public accounting. This program gives students the opportunity to earn the extra credits needed to hold their Certified Public Accounting license upon passing the exam, gain first-hand public accounting

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CPA New Jersey Account accountant 98

Ryan Lazanis

AUGUST 23, 2023

As new ideas and features emerge, it’s all too easy for the initial project boundaries to expand far beyond their intended limits. In this episode, I discussed nine key strategies that I have tested in the field to effectively prevent scope creep. Listen Below. 0:43 Scope creep or out-of-scope work is defined as performing tasks not outlined in the client agreement.

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Start-ups Account accountant accounted 98

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

cpa firm

Canopy Accounting

AUGUST 8, 2023

In our recent Canopy webinar we dove into 3 key topics that can allow firms to make more money and scale their organizations more sustainably. There are so many ways a firm can operate with more focus and strategy, but in the recent webinar we dove into the big ways that can make fast changes.

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accounting firms Account accountant accounted 98

Accounting Today

AUGUST 30, 2023

Whitman Transition Advisors, an advisory organization for accounting firms, made a strategic investment of an undisclosed amount in Tax Titans, a veteran-owned company that operates an online marketplace connecting small businesses and qualified tax professionals.

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Tax accounting firms Account accountant 122

Going Concern

AUGUST 23, 2023

Ed. note: The following is a guest post by Liz Kolar, EVP at Surgent. It is of particular interest to professors, accounting department chairs, other assorted academics, and any accounting profession meteorologists who are tracking the perfect storm of pipeline problems and a completely revamped CPA exam debuting in just a few months. Comments from all perspectives are welcome.

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CPA Practice

AUGUST 30, 2023

By Reade Pickert, Bloomberg News (via TNS). U.S. job openings fell in July by more than expected to a more than two-year low, offering fresh evidence that labor demand is cooling. The number of available positions decreased to 8.83 million from 9.17 million in June, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday.

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Government payroll 105

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