AccountingDepartment

APRIL 22, 2024

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight. Poor cash flow management could capsize even the most promising ventures, while a firm grasp on financial inflows and outflows can propel your e-commerce business forward, ens

E-commerce 76

E-commerce Retail Account accountant 76

Accounting Insight

APRIL 22, 2024

The global economic playing field is undergoing a significant shift. As a result, the way companies approach offshoring is likely to be fundamentally transformed. This transformation is being driven by four key factors that are leading to a surge in offshoring activity. Developments in technology: Recent progress in technology has made offshoring a practical and budget-friendly option for many businesses.

Account 100

Account accountant accounted 100

Accounting Today

APRIL 22, 2024

Tax season is the best time of the year for memorable on-the-job experiences.

Account 72

Account accountant accounted Tax 72

CPA Practice

APRIL 22, 2024

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards. “It’s an honor to formally recognize those who have gone above and beyond in their service to both our organization and the accounting profession,” says Geoffrey Brown, CAE, ICPAS president

Illinois 116

Illinois CPA Indiana audit 116

Advertisement

As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

Account

Going Concern

APRIL 22, 2024

Ed. note: By “salty” I mean in the experienced sailor/pirate way, not the modern definition of someone who’s just mad because they suck. Industry OG and commentator Gene Marks has written an opinion piece for The Hill about what audits actually are that is less opinion and more brutal fact: Why you should be very skeptical of that auditor’s report.

audit 117

audit auditor financial statements Education 117

Accounting Insight

APRIL 23, 2024

The first pilot for the Making Tax Digital (MTD), Income Tax Self-Assessment (ITSA), begins on 22 April 2024. Here’s what businesses, landlords and accountants need to know, and how they can prepare for the upcoming changes. In the coming years, we’ll be stepping into a new era of tax filing, one marked by a shift from traditional paper-based processes to a digital-first approach.

Tax 64

Tax income tax bookkeeping Account 64

CPA Practice

APRIL 22, 2024

The AICPA & CIMA have released their “Redefining Finance for a Sustainable World ” white paper, the latest iteration of their Future of Finance research program. Originally launched in 2019 as the Re-inventing finance for a digital world white paper, this extensive global research program explores the future of the accounting and finance profession in the age of disruption and its broader ecosystem, defining essential skills, competencies, and knowledge needed to succeed in an ever-changing

Finance 84

Finance accounting and finance Technology CPA 84

Insightful Accountant

APRIL 21, 2024

If you haven’t learned to harness the power of the pivot, you’re missing out! Follow this detailed, step-by-step guide to create your own pivot tables in QBO and harness the full power of your financial data.

quickbooks 102

quickbooks 102

Accounting Today

APRIL 22, 2024

Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws around the world as the pace of climate change accelerates.

audit 74

audit auditor Account accountant 74

RogerRossmeisl

APRIL 24, 2024

As reported in IR-2024-46 Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced on 2/21/24 plans to begin dozens of audits on business aircraft involving personal use. The audits will be focused on aircraft usage by large corporations, large partnerships and high-income taxpayers and whether for tax purposes the use of jets is being properly allocated between business and personal reasons.

audit 262

audit CPA Tax cpa firm 262

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Expense Management

TaxConnex

APRIL 25, 2024

There’s nothing like just walking down the hall of your office or clicking into a virtual team meeting to get an answer on something as complex and important as your company’s sales tax obligations. To handle sales tax in-house, you need someone on staff who understands evolving rules and regulations; can track a galaxy of filing deadlines and notices; and understands how your company growth changes tax obligations.

Sales 201

Sales Tax accounting and finance auditor 201

BurklandAssociates

APRIL 23, 2024

Many startup founders fail to realize that neglecting HR compliance can lead to significant red flags during investor due diligence. The post 3 Common HR “Gotchas” That Could Get You During Due Diligence appeared first on Burkland.

Tax 159

Tax 159

CPA Practice

APRIL 23, 2024

From: Entrepreneurs’ Organization | Inc. [Via TNS.] By Kent Lewis, an Entrepreneurs’ Organization (EO) member in Portland, Oregon, is the founder of pdxMindShare , an online career community focused on Portland professionals: I recently shared a presentation on increasing employee engagement and retention by fostering a Culture of Caring with a group of Silicon Valley entrepreneurs.

Non-Profits 135

Non-Profits Oregon Healthcare Education 135

Accounting Today

APRIL 23, 2024

Accounting Today is in the midst of surveying CPA firms with wealth management practices for this year's 'Wealth Magnets' ranking.

cpa firm 132

cpa firm CPA Account accountant 132

Advertisement

Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.

accounting firms

Going Concern

APRIL 25, 2024

As of April 11 of this year, if a foreigner wants a Skilled Worker visa to work in the UK they must earn a minimum of £38,700 (about $48k USD), up from the prior minimum of £26,200, unless the work falls under a small category of jobs on the shortage occupation list like health and care workers, graphic designers (take that, Canva), and veterinarians.

chartered accountant 116

chartered accountant auditor cost accounting management accounting 116

Withum

APRIL 23, 2024

Withum is proud to share that Forbes has named four team members to its inaugural Top 200 CPAs List. Jim Bourke is the Managing Director of Withum’s Advisory Services practice. Forbes recognized him for his former board and leadership positions at both NJCPA and the AICPA. Jim was also recently recognized by Accounting Today on their list of Top 100 Influential People in Accounting.

cpas 116

cpas public accounting CPA Account 116

CPA Practice

APRIL 24, 2024

The newly formed Alternative Dispute Resolution Program Management Office, an arm of the IRS Independent Office of Appeals, will work with the agency’s business operating divisions—Wage & Investment, Large Business & International, Small Business/Self-Employed, and Tax Exempt and Government Entities—to help taxpayers resolve tax disputes earlier and more efficiently, the IRS said on April 24.

Tax 130

Tax Education Government Account 130

Accounting Today

APRIL 25, 2024

Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.

Pennsylvania 124

Pennsylvania cpas Account accountant 124

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

Insightful Accountant

APRIL 24, 2024

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

Tax 115

Tax Technology 115

Withum

APRIL 24, 2024

Intuit announced they are halting new subscriptions for several QuickBooks Desktop (QBD) products after July 31, 2024. It’s crucial to stay informed about these changes, which may impact your business in the short and long term. In our FAQ guide, we aim to clarify various aspects surrounding the sunsetting of QBD to ensure a smooth transition.

quickbooks 114

quickbooks NetSuite payroll E-commerce 114

CPA Practice

APRIL 22, 2024

By Chris Stephenson and Eric Hylton. The race to integrate Artificial Intelligence into the workflow of Certified Public Accountants is no longer a futuristic concept, but a current reality. Large accounting firms have made substantial strides in using AI to augment their services and deliver high quality outcomes. Yet, for many CPA firms, particularly small to mid-sized organizations, the current pace of technological advancement can seem dauting.

cpas 124

cpas Technology cpa firm CPA 124

Going Concern

APRIL 24, 2024

Deloitte released its fourth annual Women @ Work report today and things are so bad for women they couldn’t even spin it for the press release’s title : Deloitte’s Women @ Work report shows stagnating progress in and outside the workplace for women Your report takeaways from the survey of 5,000 women in 10 countries (Australia, Brazil, Canada, China, Germany, India, Japan, South Africa, United Kingdom, United States) are: Half of women say their stress levels have increased since las

Account 113

Account accountant accounted 113

Advertisement

As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.

CPA

Accounting Today

APRIL 24, 2024

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

tax return 121

tax return Tax 121

Insightful Accountant

APRIL 25, 2024

Insightful Accountant is looking for a few Good ProAdvisors who want to contribute an analysis of apps we intend to compare. Do you like to review apps, more importantly, do you regularly work with a few great apps, you might be our Pros.

Account 105

Account accountant accounted 105

CPA Practice

APRIL 22, 2024

By Melissa Angell, Inc. (TNS) The IRS is cautioning taxpayers to be aware of its so-called “Dirty Dozen” list. Each year, the IRS puts out a list that compiles prevalent schemes against taxpayers. The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long. Taxpayers should take note, given the uptick in problems seen in recent years: The IRS received 294,138 cases of tax-related identity theft during fiscal year 2023, up from the 92,631 cases s

Tax 121

Tax tax return online accounting payroll 121

Going Concern

APRIL 23, 2024

Last week PwC announced it is “aligning its organizational structure across three lines of service— Assurance, Tax and Advisory—to better serve client needs, their buying patterns and the market” and now Wall Street Journal is saying the incoming consulting partner class will be much smaller than last year’s. Should we be worried? WSJ: PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for adv

public accounting 108

public accounting Education Tax accounting firms 108

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Accounting Today

APRIL 22, 2024

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

Tax 116

Tax 116

Insightful Accountant

APRIL 24, 2024

A lot of ProAdvisors and Accountants voiced their opinions at the April 24th QuickBooks Live Strategy (briefing) webinar. a lot of those opinions were negative, but this might not be as bad as your thinking.

quickbooks 105

quickbooks Account accountant accounted 105

CPA Practice

APRIL 25, 2024

By Sarah Lynch, Inc. (TNS) Family businesses are gearing up for growth. Seventy-four percent of U.S. family businesses are anticipating at least 10 percent growth this year, according to newly released data from Family Enterprise USA, a nonprofit and advocacy group that promotes family businesses. While the organization’s full report—the Annual Family Business Survey—has not yet been released, the organization shared that these growth expectations mark a “significant jump from the prior year.

payroll 119

payroll Tax 119

Going Concern

APRIL 20, 2024

With April 15 come and gone I figured now would be a good time to ask you how it went. I’ll tell you what I saw from my perspective (I stalk all of you on social media but it’s my job so it’s not creepy). Some time last year I noticed more and more practitioners and firm owners on #TaxTwitter expressing a desire to take a step back and sort out the problem clients before filing season hits.

Tax 107

Tax tax preparation cpas Account 107

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Technology