Shay CPA

MARCH 20, 2024

2024 is already well underway, but we’re definitely still early enough into the year that it could go any direction. To help our team and clients prepare for what this year will bring, we’ve spent some time thinking about changes coming down the pipe. As we zoomed out and looked ahead, we identified three trends that will likely play a big role in the accounting industry — and financial best practices in general — through the rest of 2024.

Technology 52

Technology accountant Account accounted 52

Canopy Accounting

MARCH 18, 2024

With the technological transformation that's taking place in the business landscape, the importance of having the right practice management software has never been more critical for the accounting industry.

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Technology Account accounted accountant 52

Accounting Today

MARCH 19, 2024

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

Tax 119

Tax accountant Account accounted 119

CPA Practice

MARCH 20, 2024

By Davis Bell. Structuring client engagements is one of the most critical aspects of running your practice. A thorough engagement letter acts as a roadmap – outlining services, enabling your firm to standardize its service pricing, and setting client expectations in addition to establishing the cash flow and revenue cycle for your firm. If your experience to date tells you this is easier in theory than practice, this eight step plan for developing your firm’s pricing strategy and engagement stru

Legal 114

Legal Account accountant accounted 114

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.

Finance

Going Concern

MARCH 16, 2024

The big story this week by a long shot was yesterday’s news that New Mountain Capital has taken a majority stake in Grant Thornton. When I say big I mean HUGE. Having written for this website for 15 years while observing the accounting profession from the sidelines and playfully making fun of Grant Thornton the entire time, I was not expecting that story to blow up the way it did.

accountant 119

accountant Account accounted 119

Accounting Today

MARCH 20, 2024

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share their biggest concerns for the year ahead.

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accountant Account accounted Technology 141

Accounting Today

MARCH 19, 2024

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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income tax Tax 121

Accounting Today

MARCH 18, 2024

Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.

tax planning 92

tax planning Tax 92

CPA Practice

MARCH 18, 2024

With tax season nearly over, it’s a great opportunity to understand more about your client’s experience. A client satisfaction survey can help you do that. Personalized customer surveys are a powerful tool in garnering this essential information, enabling you to tailor your firm’s products, services, and communication effectively. Let’s delve into best practices for crafting these surveys, recommended software tools, suggested top questions to include, and a sample email to send to your clients

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cpas Tax 64

CPA Practice

MARCH 19, 2024

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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bookkeeping tax preparation Management Consulting corporate accounting 136

Advertiser: Paycor

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.

TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Amazon still liable. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties.

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South Carolina Sales Tax Alabama 264

RogerRossmeisl

MARCH 18, 2024

We are finding that, all too often, taxpayers that make Employee Retention Tax Credit (ERTC) claims by engaging a so-called “ERTC Mill” are never told of their responsibility to amend their applicable prior year federal income tax return(s), and are shocked to learn that they owe additional taxes, penalties and interest. In order to offset their wage expense for the amount of the credit claimed, taxpayers who file an amended Form 941-X to claim an ERTC refund must simultaneously file an amended

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Tax income tax tax return CPA 200

BurklandAssociates

MARCH 19, 2024

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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SMBAccountant

MARCH 20, 2024

In today's digital age, the convenience of instant money transfers has become a staple in our daily lives, thanks to platforms like Venmo, Cash App, and Zelle. While these apps excel in peer-to-peer transactions, they may fall short when it comes to meeting the needs of small businesses seeking reliable payment solutions. Despite their widespread popularity, these platforms pose limitations and risks that can significantly impact business operations and financial security.

accounting and finance 130

accounting and finance accounting software Legal Tax 130

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

Technology

TaxConnex

MARCH 19, 2024

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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Tax Sales payroll tax income tax 249

Accounting Today

MARCH 18, 2024

Seth Fineberg shares the three areas that accounting needs to address to make the profession more attractive to young talent.

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Account accountant accounted 130

CPA Practice

MARCH 21, 2024

By Julie M. Bradlow. At the end of 2023, the U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. While this sentence may be clear, the implications for accounting firms in knowing how to advise clients may be a bit blurry.

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Tax Delaware tax return accounting and finance 122

Anders CPA

MARCH 19, 2024

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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accountant Account accounted CPA 116

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

Spend Management

Cherry Bekaert

MARCH 22, 2024

Succeeding in today’s business environment requires agility and rapidly adapting to change. For finance leadership and teams, this requires constantly analyzing, reforecasting, rethinking new data, and determining new approaches to drive business. No matter your industry, organizations must automate and streamline core financial management functions.

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general ledger accounts payable Technology accounting and finance 115

Accounting Today

MARCH 22, 2024

KPMG Digital Gateway adds gen AI capacities; Chime now offers in-app tax filing; Financial Cents new ReCats tackles uncategorized client transactions; and other accounting tech news

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Technology Tax Account accounted 128

CPA Practice

MARCH 22, 2024

The IRS said on Friday that it will likely end its moratorium on processing new employee retention credit (ERC) claims later this spring. In a news release, the IRS said: A specific [ERC processing] resumption date hasn’t been determined but, at this point, the IRS anticipates it will be sometime in the late spring. This pause will help the IRS review the ERC inventory with strong, new measures of scrutiny in place.

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audit Tax 119

Going Concern

MARCH 22, 2024

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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Minnesota cpas audit CPA 113

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

financial statements

Cherry Bekaert

MARCH 18, 2024

In the latest episode of Cherry Bekaert’s Risk & Accounting Advisory podcast series, Neal Beggan , is joined by Steven Ursillo and Dan Sembler , both partners in our Information Assurance & Cybersecurity practice. During this episode they discuss the many benefits of Service Organization Control (SOC) 2 reports, such as security insights, gaining customer trust and risk management, and how those benefits bring value to a company.

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Account accountant accounted 116

Accounting Today

MARCH 21, 2024

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.

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Technology 128

CPA Practice

MARCH 21, 2024

By Carl Hoemke. Great literature is full of head-scratchers. Some questions are tough to answer: the Sphinx’s riddle in Oedipus Rex , the lead casket that contains Portia’s picture in The Merchant of Venice , Gollum’s brainteasers in The Hobbit. Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others.

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Rhode Island Arizona Tax South Carolina 119

Anders CPA

MARCH 20, 2024

St. Louis startups and their funding sources are an integral part of the city’s revitalization as they bring jobs and innovation to the region. As the startup scene struggles with post-COVID recovery, rising inflation, high interest rates and other compounding economic factors, the Anders Startup and Entrepreneurial Services team surveyed area founders and funding sources to weigh in on the impacts.

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CPA 113

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Finance

Going Concern

MARCH 21, 2024

As reported first by Financial Times earlier this week, Deloitte is undertaking an ambitious change-up in its global operations that’s expected to take a year. The restructuring will see Deloitte trim its five main service lines down to four. The change was “a fairly divisive topic internally” according to one former partner who spoke to FT.

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audit Technology Maine Legal 111

Accounting Today

MARCH 18, 2024

Deloitte is looking to overhaul its structure as the professional services firm looks to cut costs ahead of a market slowdown, according to the Financial Times.

accounting firms 126

accounting firms Account accountant accounted 126

CPA Practice

MARCH 20, 2024

Over the last several years, many unscrupulous tax credit promoters that marketed misleading information about the Employee Retention Credit (ERC). To counter those bad actors, the Internal Revenue Service is urging businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.

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Government payroll Tax Legal 119

Insightful Accountant

MARCH 21, 2024

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

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CPA 111

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

Technology