Reckon
MAY 20, 2024
Guest Post by Pohan Lin. Accounting tasks have long earned notoriety for their slow, manual nature. All that is now set to change, as accounting is one of the areas where automation can bring the biggest benefits. Admittedly, changing the way things have always been done is nerve-wracking. But there are some basic dos and don’ts you can follow to make sure your automation initiative runs as smoothly as possible.
Accounting Today
MAY 23, 2024
Traditional audits may hinder business growth potential as accounting firms are slow to embrace modern approaches, according to an Inflo report.
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Accounting Today
MAY 22, 2024
Once you see how much more value you and your managers can deliver to the firm when you're freed up from doing routine client work, you'll never want to go back to the old way of doing business.
CPA Practice
MAY 22, 2024
By Eli Gill. We’re in the midst of a revolution in the AI space. Splashy public models like OpenAI and ChatGPT are in the spotlight, bringing AI into focus where it has previously been considered a non-essential function. The move from classical AI models to advanced generative AI promises a rapid and continuing evolution that has profound implications for businesses.
Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead
Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively
Shay CPA
MAY 22, 2024
Founding a tech startup is about bridging the gap between a need and reality with technology. That firm focus on the power of technology should encompass as many areas of your business operations as possible, accounting being the foundation of your venture. As a technology startup, we saw firsthand what was missing in the accounting and bookkeeping sphere: automated data entry, accounting for subscriptions, customization for specific business needs, and real-time and detailed financial picture o
Insightful Accountant
MAY 21, 2024
Whether you're a new accountant or a seasoned professional, it's always good to remember the importance of good communication.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MAY 23, 2024
By Fady Hawatmeh. The prospect of AI replacing accountants has stirred up some anxiety within the industry. However, it’s important to think of AI as a helpful tool designed to enhance, not replace, the capabilities of humans. Rather than seeing AI as a threat to their careers, accountants should view it as a catalyst that can help them work faster, smarter, and with greater impact.
CPA Practice
MAY 23, 2024
Tax season is finally over. You’ve worked diligently and spent long nights trying to meet the deadlines and demands of 82% of clients who want more from accounting professionals. I know the sigh of relief you feel once the rush is over. First and foremost, take time to rest – you deserve it. Once you feel like you’re back to your old self and have rested enough, it’s time to reflect on how the season went: What went well?
ThomsonReuters
MAY 22, 2024
From allowing for a remote work environment to eliminating the need for on-site data centers, cloud-based solutions have fundamentally changed how businesses operate, approach staffing, and serve clients. Is your firm among them? In today’s dynamic and competitive business environment, owners and partners of accounting and audit firms should, at least, be considering cloud-based technology as part of their broader strategies.
BurklandAssociates
MAY 21, 2024
Effective team and culture-building are keys to thriving in this new era of remote and hybrid work. The post From Isolation to Integration: Strengthening Team Culture at Your Remote Startup appeared first on Burkland.
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
MAY 22, 2024
The Center for Audit Quality wants the Public Company Accounting Oversight Board to postpone sending two of its newly approved standards, on quality control and auditor responsibilities, to the SEC for final approval.
CPA Practice
MAY 22, 2024
Barry Melancon, CPA, CGMA, has announced that he will to retire on December 31, 2024, from his role as president and CEO of the American Institute of CPAs and CEO of the Association of International Certified Professional Accountants. Combined, the two organizations comprise the world’s largest membership of public and management accountants. Melancon has served in this role for 30 years.
Withum
MAY 21, 2024
Withum is excited to share that Brian Bender , Partner and Team Leader of Withum’s Trade Associations and Membership Organizations Team, was named a 40 Under 40 Honoree by the Alexandria Chamber of Commerce. Brian has over 20 years of experience serving trade associations, membership organizations, social clubs, foundations, charities, and numerous other nonprofit entities that include complex consolidations with for-profit subsidiary companies and political action committees.
Cherry Bekaert
MAY 22, 2024
Contributor: Michael Wallach, Senior Manager, Tax Services Established by the Tax Cuts and Jobs Act, the Opportunity Zone program has been a focal point for investors seeking tax incentives while simultaneously revitalizing economically distressed communities. One crucial aspect of managing investments in Qualified Opportunity Funds (QOFs) is understanding the tax impact stemming from the disposition of Qualified Opportunity Zone Business Property (QOZBP).
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.
Accounting Today
MAY 23, 2024
The Internal Revenue Service doesn't collect data on taxpayers' race or ethnicity, but some of its methods could lead to disparities in its audit rate.
CPA Practice
MAY 24, 2024
If you receive an award or legal settlement relating to a personal injury or illness, you normally don’t owe any federal income tax on the payment. However, as pointed out in a new case, Roman (TC Memo 2023-142, 11/28, 23, Uncle Sam may still be entitled to his fair slice of the pie. Background : Most types of compensation—like wages received for working—are subject to federal income tax.
Going Concern
MAY 22, 2024
Stephen Foley at Financial Times wrote something today that may be of interest to high school freshmen bound for the CPA track one day, an article that suggests the AICPA is giving up the fight to save 150 hours. The leaders of the US accounting profession have signaled they could cut the education requirements for becoming an accountant, amid growing alarm about a shortage of new recruits.
Cherry Bekaert
MAY 20, 2024
Contributor: Anthony Kocheran While in school, University of Iowa basketball player Caitlin Clark netted more than $3 million from name, image and likeness (NIL) deals. She’s far from the only college athlete taking advantage of NIL, a legal concept revolutionizing the way student-athletes can earn money while attending a college or university. Essentially, NIL allows college athletes to monetize their personal brand by profiting from their name, image and likeness through various opportunities,
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.
Accounting Today
MAY 21, 2024
The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, classification of capital assets, and measurement of infrastructure assets.
CPA Practice
MAY 24, 2024
Think of strategic planning as your firm’s roadmap to the future. When change is the only constant , having a plan that adapts and evolves is crucial. But strategic planning is more than just a survival toolkit for today’s challenges. It’s your opportunity to shape what’s next. At the heart of this journey is setting visionary goals—these are the big, bold dreams that drive innovation and inspire change.
Insightful Accountant
MAY 21, 2024
QuickBooks Online Payroll has recently added a digitized I-9 process that works as part of QuickBooks Workforce. Murph takes you through the steps of using this new functionality.
Cherry Bekaert
MAY 21, 2024
On April 24, 2024, the Internal Revenue Services (IRS) issued Chief Counsel Advice 2417021 (CCA), which discusses the treatment of credit card reward liabilities under Internal Revenue Code (IRC) section 461. The CCA was issued in direct response to the following questions presented by the U.S. Department of the Treasury regarding rewards liability accounting: When do credit card reward liabilities become fixed and determinable under section 461?
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
Accounting Today
MAY 24, 2024
Connecticut Society of CPAs installs board of directors; CohnReznick establishes merger integration and carve-out services practice; and more news from across the profession.
CPA Practice
MAY 24, 2024
Sixteen awards were doled out for exceptional accounting marketing during the Association for Accounting Marketing’s annual Summit event in Orlando on May 14, with Forvis being the big winner as the top 10 accounting firm received three awards. This year, AAM introduced two new award categories: Client Experience and Innovation & Strategic Achievement, reflecting the evolving landscape of marketing and growth in the accounting profession.
Withum
MAY 22, 2024
Withum is proud to share that Nadia Matthie , Partner, has been appointed to the American Institute of CPA’s (AICPA’s) Employee Benefit Plans Expert Panel. Nadia Matthie has more than 25 years of experience in the profession serving single-employer benefit plans , multiemployer benefit plans and labor unions. She specializes in various types of benefit plans, including defined contribution plans, defined benefit plans, ESOPs, health and welfare plans, and other assurance services.
Cherry Bekaert
MAY 24, 2024
The Office of Management and Budget (OMB) recently published its final revisions to the federal Uniform Guidance (2 CFR Part 200). This revision outlines compliance and reporting requirements for federal financial assistance, such as grants and loans. Host Kat Kizior , Senior Associate at Cherry Bekaert, is joined by special guest Robert Shea , CEO of GovNavigators, to discuss2 CFR 200 uniform guidance updates and how these changes will affect state and local governments, non-profits and publi
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Insightful Accountant
MAY 19, 2024
Day 1 of Future Forward begins tomorrow, May 21, 2024 at 11:00 AM Eastern-daylight-savings Time. It a power packed day of education that can impact your clients and your practice.
CPA Practice
MAY 23, 2024
By Rocio Fabbro, Quartz (TNS) World leaders are floating the idea of levying a global tax on the world’s richest people—and America wants no part of it. U.S. Treasury Secretary Janet Yellen said the U.S. will not support discussions about a global wealth tax ahead of a meeting with leaders from the Group of 7 countries, The Wall Street Journal reported Monday.
Withum
MAY 21, 2024
Withum is excited to announce that Emily Egkan , Senior Manager, has been selected as a 2024 Women to Watch award winner in the Experienced Leader category at CalCPA’s Elevate: Women’s Leadership Forum. Emily has over 14 years of experience specializing in Tax for construction, manufacturing, food and beverage, healthcare and technology industries.
Cherry Bekaert
MAY 23, 2024
Expansion of the Production Tax Credit and Investment Tax Credits The Inflation Reduction Act (IRA) included a range of energy tax credits designed to encourage transitioning to clean energy production, advanced manufacturing, the adoption of clean vehicles (CVs), and reduced greenhouse gas emissions through alternative fuels and energy-efficient technologies.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
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