Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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The AI Revolution: Navigating the Future of Tax Practices

Insightful Accountant

AI is transforming the tax industry, yet professionals are wary of embracing it fully due to data security, ethics, and client relationships. Practice owners must navigate this shift for success.

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The Power of AI for Accountants

Accounting Insight

Artificial Intelligence (AI) has certainly made its mark across a number of industries and the accountancy & finance sector is no stranger to the rapid advancements taking place. If used responsibly, AI serves as a powerful tool to aid Accountants, streamline their workload, improve accuracy and help them work smarter. Accountancy and finance recruitment specialists, Spencer Clarke Group , have witnessed firsthand how Artificial Intelligence is helping accountancy professionals refine their

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Elevating Your Business Through Security Training

CPA Practice

By Dr. Sangeeta Chhabra Here’s a sobering stat for accountants and business owners alike: 74% of data breaches occur due to human errors, encompassing mistakes, privilege misuse, stolen credentials, or social engineering. But there is hope—through proper training, your firm and ultimately your clients can significantly reduce the risk of a breach. Do staff follow data security policies?

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If You Want to 'Work Less, Earn More,' Ask Yourself These Questions

Summit CPA

Agency owners often get to a point where they become stuck. Maybe they've been growing for a while and they've hit a plateau. Maybe they're still growing, but their day-to-day is out of control. Or as one of my clients said: “It's hard to think about what you'll cook for dinner when you've got a knife stuck in your leg.

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Live Demo - Supercharge your Month End Close

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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Elevating Your Accounting Firm: Expert Insights with Upstream Academy's Jeremy Clopton

Insightful Accountant

In this episode of Accounting Insiders, Gary DeHart and Jeremy Clopton from Upstream Academy discuss consulting for accounting firms, emphasizing leadership and vision strategy.

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AI and the firm of the future

Accounting Today

Wipfli's Kelly Fisher offers a practical look at artificial intelligence and how accounting firms should be thinking about it.

More Trending

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Small Business Guide to Government Grant Accounting and Compliance

SMBAccountant

It's crucial to assess your eligibility for federal grants before applying, as pursuing grants for which you are not legally eligible can waste time and resources. For small businesses, understanding various factors is essential. This includes budgeting, expense tracking, and reporting to ensure funds are used appropriately and in compliance with grant terms.

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Weekend Discussion: Accounting Doesn’t Need to Be Sexy

Going Concern

If you didn’t catch it, The Economist published this the other day: Sigh. They weren’t taking liberties with the word “sexy” either. The intro paragraph reads: In tiktok parlance, “accountant” is code for a sex worker. Now proper beancounters want to reclaim the title and make it appealing to prospective recruits, on the popular short-video app and elsewhere.

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Art of Accounting: An April Fool's Day story that's true

Accounting Today

This outrageous story about an accountant's client and his wife might not seem like it's real, but it is.

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Transaction Thresholds: Vanishing Acts?

TaxConnex

Economic nexus thresholds in many states depend on two numbers. Now, almost six years after the landmark Wayfair case ignited sales tax obligations for more remote sellers, one of those numbers might be falling out of favor. Since the Supreme Court’s decision in 2018, almost all states with economic nexus opted to have dollar volume of sales as one trigger for sales tax obligations.

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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.

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Is a Fractional CXO the Right Move for Your Growing Business?

BurklandAssociates

Explore the considerations and benefits of hiring a Fractional CXO for your company in various functions like finance and procurement. The post Is a Fractional CXO the Right Move for Your Growing Business? appeared first on Burkland.

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BBD Joins Its Practice With Withum

Withum

Withum is excited to announce that on March 31, 2024, BBD LLP (BBD); a public accounting, tax and advisory firm dedicated to serving nonprofit and government organizations headquartered in Philadelphia, will join its practice with Withum. BBD’s five partners and 40 team members will be added to the Withum roster, remaining at their current Philadelphia office location at 1835 Market Street, Suite 300.

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IRS investigating almost $9B in pandemic fraud

Accounting Today

The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.

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When AI Stands For ‘Actually Indians’

Going Concern

The story I’m about to share with you is not directly related to the accounting profession however it’s just as relevant in this sector as any because of the principle at work: ‘AI’ isn’t always AI. In fact, it quite often isn’t. As we race toward a glorious future in which AI handles all the most boring accounting tasks and frees up professionals to do more critical thinking, let’s remember we’re living in Oz and have yet to meet the Wizard face-t

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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AICPA Offers ERC Resources as IRS Voluntary Disclosure Program Ends

CPA Practice

Since 2021, the American Institute of CPAs (AICPA) has spoken out against unscrupulous third-party vendors promoting improper Employee Retention Credit (ERC) claims. The Internal Revenue Service has heeded the concerns of CPAs from across the country and taken steps to curb fraudulent ERC claims. As previously scheduled by the IRS, the voluntary disclosure program has come to an end.

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BookSmiles: Spreading Joy and Literacy With Larry Abrams

Withum

Explore Other Episodes #CivicWarriors #WithumImpact The post BookSmiles: Spreading Joy and Literacy With Larry Abrams appeared first on Withum.

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Inside the Top 100 Firms for 2024

Accounting Today

A look at the numbers behind the biggest firms in accounting this year.

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Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch

Going Concern

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits. He’s looking at 55 counts of aiding and assisting in the preparation of false tax returns, five counts of mail fraud, one count of aggravated identity theft and two counts

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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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How the 50 States Rank By Tax Burden

CPA Practice

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub.

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Importance of SOC Reporting and Its Impact on Crypto

Withum

In this episode of Cryptonomix, Mark Eckerle and Anurag Sharma, Partner and Systems & Process Assurance Group Leader at Withum, break down SOC 1, 2, and 3 Reports and the differences between them.

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Uncertainty surrounds CTA — for accountants and small biz

Accounting Today

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.

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PwC Signed a 141,000 Sq Ft Lease For a New Office in San Jose

Going Concern

Real estate news site The Real Deal reports everyone at PwC’s San Jose office will be moving away from downtown and into new digs soon: Accounting firm PricewaterhouseCoopers has signed a long-term lease for 141,000 square feet in Federal Realty Investment Trust’s Santana Row development, according to a Federal Realty press release. PwC’s current 15-year lease in downtown San Jose expires in 2025 and the agreement allows the firm to move to One Santana West in 2026.

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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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Construction Business Practices For Getting Paid And Paying Yourself

Randal DeHart

Running a small construction business may seem like hopping from one task to another, needing more support and guidance. That can make it tempting to let some to-dos on your checklist slide, especially those related to finances, which can be challenging and are often outside your preferred skill set or experience. The issue, of course, is that clients can only pay you once you've invoiced them.

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Simplifying the Monthly Close Process with These Simple Strategies

AccountingDepartment

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

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Crowe adds economic research firm

Accounting Today

The Top 100 Firm has merged in ITR Economics to boost its advisory capabilities.

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Business Is So Slow McKinsey Is Paying Managers to Find a New Job

Going Concern

Over the weekend, The Times published a bit of a scary article about how the consulting business is so slow over there in the UK McKinsey is now trying to force out some of its engagement managers and associate partners. But they aren’t laying them off right away. McKinsey is offering to pay hundreds of its senior employees to leave the firm and look for work elsewhere, the latest attempt by the consulting giant to reduce staff amid a sector-wide downturn.

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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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The Future of Remote Work: Trends and Predictions for 2025

GrowthForceBlog

7 min read According to the Bureau of Labor Statistics , some estimates show that only 5% of total work hours in the U.S. were remote before the pandemic, and a whopping 50% of work hours were remote between April and December of 2020. From 2019 to 2021 shutdowns related to the global pandemic pushed businesses to transform their operations and structure.

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Unveiling the Power of Technology & Tips for Staying Ahead | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 16 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Accounting class-actions rose last year

Accounting Today

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

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You Might Not Be Using Microsoft Teams Much Longer

Going Concern

The better headline here is Teams and Office 365 are breaking up but someone already used it. Perhaps you’ve heard Microsoft has been getting hounded by the Europeans about possible antitrust violations in recent years, old hat to the company that was investigated by the Federal Trade Commission in the 90s for their stranglehold on the burgeoning home PC market and in court fighting the Department of Justice back in 2001 for trying to force us all to use Internet Explorer.

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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.