Going Concern

JUNE 4, 2024

Last week, I wrote a way too long piece on the Institute of Chartered Accountants in England and Wales (ICAEW)’s recent report “ Evolution of mid-tier accountancy firms.” Through a survey of managing partners at mid-tier firms across the pond, ICAEW took their temperature on five topics most impacting accounting firms of all sizes in current year: Firm structure and operational model Leadership and culture Talent Technology Financial performance and service lines See: Here’s Ho

accounting firms 116

accounting firms Account accountant accounted 116

Accounting Insight

JUNE 3, 2024

Accountants are often juggling multiple responsibilities when working with clients. For those working in-house, in finance teams or departments, it might well be that payroll has simply fallen within their remit, and so accountants who are less familiar with the nuances of payroll find themselves tasked with completing this very important task. While there’s no doubt that accountants are experts in finance, payroll can pose new challenges.

payroll 52

payroll accounting and finance Finance Education 52

CPA Practice

JUNE 2, 2024

Accounting, financial and tax professionals continue to face challenges related to talent, as well as advances in technology and firm culture. Dozens of firm leaders, educators, consultants and advisors to the profession are set to discuss these and other issues when they meet at the upcoming Accounting Leaders Think Tank Symposium in Las Vegas. Hosted by CPA Practice Advisor, the in-person, invitation-only event is being held at the Aria Resort and Casino on June 2, 2024, the day before the AIC

CPA 64

CPA Account accountant accounted 64

Accounting Today

JUNE 3, 2024

Laura Sprouse, the new CEO of Top 100 Firm Brown Edwards, shares her path to leadership, and where she's taking her firm in the future.

72

72

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

CPA Practice

JUNE 5, 2024

By Suzanne Lucas, Inc. (TNS) Everyone says people don’t leave jobs; they leave managers. And yet, managers don’t get the feedback they need to improve, according to a new survey from Gallup. As a result, many think they’re doing a better job than they actually are. Here’s what you need to know—and what you can do about it. Managers and employees don’t see eye to eye Gallup found a disconnect across the board between manager self-perception and employee sentiment: Manager responsiveness “72 per

126

126

Accounting Today

JUNE 3, 2024

CPAs do very good jobs helping clients build wealth, but many do not do so good with themselves. Here are some tips to help you grow your wealth.

cpas 97

cpas Account accountant accounted 97

Going Concern

JUNE 4, 2024

Who will take home Best in Show? I mean Best in State ? It remains to be seen. Forbes is now accepting nominations for its first Best-in-State CPAs list (not to be confused with America’s Top 200 CPAs ) which, according to them, is “a recognition designed to highlight this year’s the most exceptional, practicing CPAs throughout America—the elite of the accounting profession.” “Our aim is to identify the CPAs who have earned the respect of their peers and have demonstrated remar

cpas 64

cpas CPA accountant accounted 64

Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. For example, Groups with a year end of 31 December 2024 will need to register with HMRC by 30 June 2025. WHAT IS PILLAR 2?

Finance 59

Finance Tax chartered accountant accounting and finance 59

Intuitive Accountant

JUNE 5, 2024

Xero, a leading cloud accounting platform, is excited to partner with App Academy for an exclusive webinar showcasing how Xero, combined with powerful integrations, can unlock maximum efficiency for your business.

Account 52

Account accountant accounted 52

RogerRossmeisl

JUNE 5, 2024

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target business is operated as a corporation, partnership or LLC.

Tax 263

Tax CPA cpa firm business tax 263

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Account

BurklandAssociates

JUNE 4, 2024

Effective payroll management ensures compliance, enhances employee satisfaction, and provides a strong foundation for sustainable growth. The post Good Payroll Practices are Essential for Growing Startups appeared first on Burkland.

payroll 162

payroll accounted Account accountant 162

Accounting Today

JUNE 4, 2024

The leading CPA financial planners with over $1 billion in assets under management, from Accounting Today's annual ranking.

CPA 137

CPA Account accountant accounted 137

CPA Practice

JUNE 4, 2024

The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the ‘Most Powerful Women in Accounting’ awards, now in their 13th year, which recognize leaders for their significant contributions to the profession. The 2024 awards were presented on the main stage at during the AICPA ENGAGE conference at the Aria Resort and Casino in Las Vegas on June 4, 2024.

Account 135

Account accountant accounted CPA 135

RogerRossmeisl

JUNE 5, 2024

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of these examples, let’s assume that you own the vacant land directly as an individual or indirectly through a single-member LLC (SMLLC), a partnership or a multi-member LLC that’s treated as a partnership for

Tax 255

Tax income tax CPA 255

Advertiser: Paycor

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MyIRSRelief

JUNE 3, 2024

Tax Audit Representation Learn how to navigate tax audits with confidence. Our step-by-step guide highlights the benefits of working with an Enrolled Agent for expert representation. Facing a tax audit can be a daunting experience, but with the right representation, you can navigate the process with confidence. In this comprehensive guide, we’ll walk you through the essential steps of tax audit representation, highlighting the benefits of working with an Enrolled Agent (EA).

audit 130

audit Tax tax return public accounting 130

Accounting Today

JUNE 6, 2024

The freedom of working remotely while traveling the world doesn't include freedom from tax compliance issues.

Tax 134

Tax income tax 134

CPA Practice

JUNE 4, 2024

By Kit Eaton, Inc. (TNS) Gen Z workers aren’t just the youngest folks in the office. They’ve got a radically different approach to how they make a living than preceding generations. Consider fresh data from the freelancer networking company Upwork to see why. Its new survey shows many Gen Z workers are basically shunning traditional office work norms altogether.

Technology 129

Technology 129

RogerRossmeisl

JUNE 5, 2024

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. In some cases, a business may decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making th

CPA 249

CPA Tax cpa firm business tax 249

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.

Account

Going Concern

JUNE 6, 2024

In the latest pspspsps , er PCPS survey (that’s Private Companies Practice Section) put out by the AICPA every two years, talent is winning as the biggest worry for every size firm surveyed except for sole practitioners. The “sole” in sole practitioner meaning people who work for themselves and don’t have staff so yeah, if they too were worried about finding talent we might really be in trouble.

accounting firms 120

accounting firms cpa firm Account accountant 120

Accounting Today

JUNE 5, 2024

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

Tax 133

Tax tax return audit Government 133

CPA Practice

JUNE 6, 2024

As we reach mid-year, it’s an opportune time for you to evaluate your firm’s marketing strategies and make necessary adjustments to drive continued growth. Focusing on the middle of the marketing funnel , where potential leads are weighing their options and seeking more information, can significantly enhance your ability to convert prospects into engaged clients.

accounting firms 117

accounting firms accountant Account accounted 117

Randal DeHart

JUNE 7, 2024

In the competitive construction industry, implementing efficient business systems can make a significant impact on the overall success and profitability of a construction business, regardless of its size or specialization. From streamlining operations to improving project management, adopting efficient systems can yield tangible benefits that truly pay off in the long run.

Construction 111

Construction bookkeeping 111

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.

Finance

Going Concern

JUNE 5, 2024

Strap in, we’re going to talk about notable AI news from the last week-ish. I’m going to do my best to avoid our trademark sensationalism lest the language models feeding off every word we write decide sarcasm is the same as indisputable fact. While scrolling Twitter today as I do every day, I kept coming across articles about some AI expert claiming that there’s a 99.9% chance AI will make the human race extinct.

Government 115

Government Healthcare audit Account 115

Accounting Today

JUNE 3, 2024

Test your accounting knowledge on Gen Z employees, big four AI partnerships, and more. No. 2 pencil not required!

accountant 133

accountant Account accounted 133

CPA Practice

JUNE 6, 2024

A new academic study found that companies increase their tax risk profile—thus more tax aggression and a higher likelihood of tax fraud—when they believe IRS scrutiny will be lower due to budget cuts. For the study, which appears in the American Accounting Association’s Journal of Forensic Accounting Research , researchers looked at data from 10,992 companies between the years of 2011 and 2021.

Tax 116

Tax forensic accounting audit corporation tax 116

AccountingDepartment

JUNE 6, 2024

In today's tumultuous economic climate, the importance of sound financial strategy cannot be overstated—especially for small and medium-sized businesses that might not have the buffer of large corporations. Financial Planning & Analysis (FP&A) isn't just a set of buzzwords; it's a compass for navigating the murky waters of modern economics. As we approach the second half of 2024, now is the time for businesses to fortify their financial plans.

bookkeeping services 111

bookkeeping services bookkeeping Account accountant 111

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.

Finance

Going Concern

JUNE 6, 2024

It’s now June 6 and the four biggest and most prestige-iest professional accounting services providers in the world should have their logos covered in rainbows by now. It’s tradition. Slap the rainbows on on June 1, tweet a bunch of out and proud PR fluff about your LGBT staff, and then quietly pack the rainbows away on June 30 until the following year.

Maine 110

Maine Account accountant accounted 110

Accounting Today

JUNE 3, 2024

Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.

Tax 133

Tax 133

Patriot Software

JUNE 5, 2024

If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances. So if you’re tossing your unopened business bank account statements in a drawer or—worse—the trash, this one’s for you.

Finance 105

Finance accountant Account accounted 105

AccountingDepartment

JUNE 7, 2024

We are thrilled to announce that Episode 21 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

accounting careers 105

accounting careers accounted Account accountant 105

Advertiser: Paycor

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