Going Concern
APRIL 19, 2023
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.
CPA Practice
APRIL 19, 2023
By Ben Sherry, Inc. (TNS) If you don’t think that maintaining your financial records and transactions is a vital part of your life as an entrepreneur, just look at FTX. In a recently released report by the once-lauded cryptocurrency exchange’s debtors, newly installed FTX CEO John J. Ray III laid out how a lack of financial and accounting controls helped to doom the company.
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Canopy Accounting
APRIL 20, 2023
Whether it’s to save money, increase productivity, or help the environment, many business owners are taking a serious look at going paperless. Going paperless is not that difficult to do and in the long run, it’s certainly better for your accounting firm’s bottom line. If you are interested in transforming your firm into a paperless office, there’s no better time to start.
Going Concern
APRIL 20, 2023
These days there is a lot of yapping about what AI can and can’t do; it CAN answer bar exam questions so well it’s nearly in the 90th percentile of test-takers , it CAN’T search in real time to find up-to-date answers beyond what it’s been trained on so it won’t be getting stuck in a late-night Wikipedia hole any time soon.
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.
Accounting Insight
APRIL 17, 2023
Payroll Year End is nearly upon us. This year, the deadline for submitting your Full Payment Submission (FPS) and/or Employer Payment Submission (EPS) is April 19 th , so now it’s time to get your information completed. After grappling with the cost of doing business challenges, small and medium businesses everywhere will likely find the payroll process is more complex than normal.
ThomsonReuters
APRIL 19, 2023
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Summit CPA
APRIL 19, 2023
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).
Patriot Software
APRIL 19, 2023
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?
AccountingDepartment
APRIL 18, 2023
Opportunity cost is a concept in business that refers to the value of the best alternative forgone in order to pursue a certain action or decision. It is a crucial element to consider when evaluating the benefits and drawbacks of various options, particularly in business.
SMBAccountant
APRIL 21, 2023
The past few years have forced many small businesses to face issues with the supply chain that they had previously never considered. Even the most prudent risk manager couldn’t have anticipated the far-reaching impact that the pandemic had on nearly every aspect of life. These new challenges have changed purchasing habits for many small businesses and as things start to return to normal, practices, such as inventory may need to be reevaluated.
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.
BurklandAssociates
APRIL 20, 2023
Revenue-based financing can provide the working capital your startup needs between equity rounds without exchanging an ownership stake or giving up control. The post Revenue-Based Financing for Startups appeared first on Burkland.
TaxConnex
APRIL 20, 2023
If you refer to “filing taxes” most people think of income tax with its annual filing requirement. State sales tax is another beast altogether, with a dizzying number of deadlines – and, potentially, serious consequences for missing one. Intensifying problem? Our third annual survey of financial professionals across various industries showed that many face sales tax challenges related to these filing deadlines.
CPA Practice
APRIL 17, 2023
While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ). During the pandemic and since, however, accounting professionals and firms have implemented many new technologies that are helping them provide more and better clien
Airbase
APRIL 18, 2023
The rapidly evolving spend management market is once again experiencing a breakout moment. As the category leader and pioneer, Airbase is the first and only spend management platform to now offer Guided Procurement — intake functionality for all purchasing. This innovation expands the capabilities of spend management to include the beginning of the purchasing lifecycle, as employees first enter a request to spend company money.
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.
Going Concern
APRIL 17, 2023
Well we knew this was coming. Reuters : Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. The layoffs will affect around 3,000 of the company’s U.S. employees. The decision was taken after assessing the impact of current economic conditions, strong employee retention rates and “overcapacity” in part
TaxConnex
APRIL 18, 2023
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 so far this year. Thumbs up, thumbs down. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.
CPA Practice
APRIL 20, 2023
It must feel good to have another tax season in the record books. While you worked heads-down, the Artificial Intelligence (AI) world advanced rapidly. Generative AI tools expanded notably, and various competitors released their offerings. My colleague Brian Tankersley and I have recorded five podcasts on the topics of AI with ChatGPT4, Microsoft AI, DALL-E & AI Competitors, AI Truthiness & Hallucinations, and Large Language Model (LLM) considerations.
Insightful Accountant
APRIL 20, 2023
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Withum
APRIL 21, 2023
Explore Other Episodes #CivicWarriors #WithumImpact The post Fighting and Surviving Cancer With Amanda Ferraro appeared first on Withum.
Going Concern
APRIL 19, 2023
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
CPA Practice
APRIL 19, 2023
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.
Xero
APRIL 16, 2023
More and more businesses are focusing on sustainability, and for good reason. Not only do many small business owners personally feel it’s important to play a role in protecting the environment, doing so is proven to have a positive impact on their bottom line. We understand that taking the first steps toward sustainability in your business can feel overwhelming.
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.
Insightful Accountant
APRIL 21, 2023
The new function will be released in a beta mode with select customers on April 26 with the expectation of rolling it out to Canopy’s full customer base in May.
Going Concern
APRIL 20, 2023
In November Financial Times wrote a quick little story about accounting firms eyeing private equity deals , a topic that first gained visibility when TowerBrook Capital Partners purchased an ownership stake in EisnerAmper way back in 2021. The FT story listed BDO, Grant Thornton, and Marcum as firms that have explored these deals, though none of them actually pulled the trigger (as far as we know).
CPA Practice
APRIL 21, 2023
Rethinking Succession: The Unconventional Choice It’s human nature to surround ourselves with people who are similar to us, after all who could be better than you but another you? When tasked with choosing a successor for your current role, whether as a partner at a firm, running your own practice, CFO, or any other position, the idea of finding a Mini-Me might feel comforting.
Xero
APRIL 16, 2023
Since he was young, Johnno Green has had a penchant for construction. So one day when a guest speaker at his high school came looking for apprentice plasterers, he knew he’d found his break. Johnno cut his teeth working on residential builds before the Global Financial Crisis hit the housing market (and his employers), forcing a pivot into the commercial sector.
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
ThomsonReuters
APRIL 18, 2023
For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms. Today’s global workforce, remote and hybrid work environments, and the ever-changing regulatory landscape have added additional layers of complexity to payroll.
Canopy Accounting
APRIL 21, 2023
If you've spent any time near a screen lately, you’ve heard of ChatGPT — a language model trained by OpenAI. Every day, a new thread appears of someone who has figured out the next thing ChatGPT can do. With the evolution of AI and OpenAI-based architecture, almost every industry must decide how to incorporate AI into their work models, including ours.
CPA Practice
APRIL 21, 2023
By Kyle Stock, Bloomberg News (TNS) Americans love a Ford pickup truck; it’s one of the few constants of the car business. So it was a huge win on Tuesday when Ford’s F-150 Lightning became one of just 10 vehicles to qualify for the full $7,500 in tax breaks laid out by the Inflation Reduction Act. Dozens of other electric cars and trucks didn’t make the cut, either because they aren’t manufactured in the U.S. or don’t use American parts and pieces.
Xero
APRIL 16, 2023
When we look at a technology that has massive future potential, while already sitting firmly in the here and now, it’s hard to go past e-invoicing. The ability to send and receive invoices directly between accounting systems (and eliminate the need for manual, error-prone PDFs sent via email) offers some very exciting benefits. E-invoicing is in various stages of adoption around the world, with some governments either mandating or supporting it as a core part of the invoicing process.
Speaker: Claire Grosjean, Global Finance & Operations Executive
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.
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