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The accounting landscape continues to evolve at a rapid pace with emerging technologies, shifting workforce dynamics, and new operational demandsall of which impact the way accounting teams operate, and businesses achieve growth goals. Based on the data found in the Office of the CFO reports from Piper Sandler , weve compiled the top trends shaping the future of accounting that organizations must embrace to stay competitive: 1.
Financial consolidation and close are fundamental processes that ensure accurate reporting and reconciliation and allow organizations to strategically plan for the future. Yet as businesses grow in complexity, these efforts become increasingly challenging. Outdated tools, manual efforts, and fragmented data spread across an ever-increasing number of teams can turn close and consolidation into a drawn-out process riddled with errors.
The first quarter of 2025 is packed with critical tax deadlines for startups. Missing these dates can result in penalties, compliance issues, and lost opportunities for valuable tax credits. To Read More The post Key Q1 2025 Tax Deadlines for Startups appeared first on Burkland.
Many shoppers went online this season to find the perfect gift. Its a safe bet that few of them hit the target, which leads to returns, which leads to refunds from sellers, to which leads to the nagging question: Does sales tax get refunded along with the purchase price? The simple answer is yes. The more accurate answer, particularly when something as complex as sales tax gets involved, is: Probably, but watch the details.
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
Well it’s official, we’re in the “sell” part of the private equity cycle. We’re also in the part of the cycle where you may have actually heard of the company investing in the accounting firm. And, because of that, also in the part of the cycle where things heat up significantly now that the big boys are jumping into the accounting space.
Truewind, an accounting AI platform, recently announced that it has raised $13 million in Series A funding from Thomson Reuters Ventures, Rho Capital and Pathlight Ventures.
Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system. If your outdated accounting system cant keep up with your growth, you want a more robust accounting system, or your vendor no longer supports your needs, it may be time to switch.
Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system. If your outdated accounting system cant keep up with your growth, you want a more robust accounting system, or your vendor no longer supports your needs, it may be time to switch.
While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below. As a refresher, this rule requires reporting of metrics at both the firm and the engagement levels.
Tracy talks about the definition of fraud, and the four legal elements that are generally required. Laws vary from state to state, so you can see some variation here, but this is the textbook definition. The elements of fraud include: intentional misrepresentation, knowledge of the falsehood, reliance on the fact, and damage as a result. [.
A huge draw of eCommerce is that a sellers potential market might include many nations. And U.S. sellers looking to go international might naturally first look north. Canada is now the 11th largest market for eCommerce in the world, with a predicted revenue of more than 63 million (in U.S. dollars) by last year. Leading eCommerce market segments into Canada have included fashion, hobby/leisure, electronics, furniture/homeware and groceries, according to latest statistics.
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
The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.
When working with Microsoft Fabric , its essential to understand the different options available for data ingestion. Choosing the right tool can significantly affect your workflow, performance and overall data strategy. In this blog, we’ll explore and compare four popular data ingestion tools (Data Pipeline, Dataflow, Notebook and Eventstream) in Microsoft Fabric and understand when and when not to use them.
The Ohio Society of CPAs announced yesterday that their state is leading the way in alternative pathways to CPA licensure, officially. Here’s what they said: Ohio Governor Mike DeWine signed House Bill 238 into law on Jan. 8, which includes OSCPA-backed legislation that will position Ohio as a national leader in addressing the dire CPA shortage.
It's amazing how some books stand the test of time. We usually refer to one of our most recommended, Stephen Covey's The 7 Habits of Highly Effective People, when we mentor our contractor clients and employees. Although it was first published three decades ago, its lessons are still incredibly relevant for business owners. You might wonder how these habits fit into today's landscape of changing trends, tight deadlines, and constant distractions.
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.
In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.
Blog home In the high-stakes world of business, accurate statutory reporting is crucial to avoid potential financial and reputational consequences. Surprisingly, statutory reporting processes are often overlooked or neglected in organizational improvement initiatives, even though they are recognized as a critical business need. As regulatory scrutiny tightens, even minor mistakes can lead to costly pitfalls.
Happy snowy Monday and welcome to the first Monday Morning News Brief of 2025! While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. It’s going well so far (not sarcasm): you love to see it Alright, some news. A user on r/recruitinghell was rejected from a top 50 firm on Christmas.
A few too-good-to-miss free resources have come through my inbox and socials recently, and I wanted to make sure to share the goodness with yall. Velocity 2025 – Virtual Annual Planning Retreat by Justine Lackey Date: Tuesday, January 10th Time: 12:30-4 pm EST Whats the disconnect between dreaming big and actually making it happen? You need a clearly articulated vision.
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.
Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. Traditional tax management methods, often reliant on manual processes, can be time-consuming and error-prone, leading to significant financial and legal repercussions. As businesses grow and expand into new markets, the complexity of tax compliance increases exponentially, making it crucial to adopt innovative solutions
2024 was certainly a year of discovery and rapid progression for AI and automation. We witnessed the widespread adoption of tools like ChatGPT to generate and speed up idea development, create structure and conduct research. This widening use of generative shows a growing acceptance of how it can benefit people in business as well as for personal use.
In this episode, we sit down with Dr. Jackie Meyer, CPA, entrepreneur, and author of The Balance Sheet of Life Formula. Jackie shares her journey as she goes from a traditional accountant to pioneering innovative approaches in the field. She also discusses the challenges of postpartum depression and chronic fatigue, revealing how these experiences shaped her approach to work-life balance.
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.
F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.
The early availability of the IRS Free File online systems will allow taxpayers to prepare and file their returns before the IRS officially starts accepting them, but they will then be already electronically in line when processing begins.
Accounting is more than just number-crunchingit’s the foundation of your financial stability and success. Yet, for many individuals and businesses, poor accounting practices lead to unnecessary stress, missed opportunities, and even costly tax consequences. If youve ever felt overwhelmed by your financial records or rushed to prepare your tax return at the last minute, this.
Chief Customer Officer, Dave Burns, will lead a new, unified, and global Customer Success function to create greater value for IRIS customers. IRIS Software Group (IRIS), a leading global provider of accountancy, education management, HR and payroll solutions, is adding enhanced value for its customers with the appointment of Dave Burns as Chief Customer Officer and the launch of a new, centralised Customer Success function.
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.
The top 10 accounting firm said Thursday it will be adding 48 professionals to its management consulting practice from Blue Beyond Consulting, a San Francisco-based firm focused on the people side of business, in a merger that is expected to close on March 1.
Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
Moneypenny has launched a newcall-trackingservice to help accountancy businesses identify which marketing campaigns, ads, web pages, and specific keywords drive phone calls. The innovative solution is the first to be created in partnership with Ruler Analytics, a specialist marketing measurement platform. In todays competitive landscape, phone calls are still one of the most valuable forms of customer engagement, and understanding how they are generated is crucial to maximising marketing return
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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