CPA Practice

NOVEMBER 19, 2024

Clear demonstration of adherence to emerging AI governance frameworks. New areas of expertise: Today’s auditors are developing expertise in: AI systems governance: Who audits the AI? Standardized, comprehensive data provides: Complete audit trails for every AI-assisted decision. Documented evidence of methodology compliance.

auditor

Accounting Today

JUNE 23, 2025

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. "If But in todays environment, its at least something they have to consider."

accounting standards

TaxConnex

JANUARY 21, 2025

Different purchasers may be granted exemptions under a states statutes, and exempt buyers come in many different forms: the federal government; some state and local governments and government contractors; schools; churches; non-profit hospitals; and charities, for instance. Step by step Learn who might be exempt.

Non-Profits

ThomsonReuters

NOVEMBER 25, 2024

In 2025, the European Union’s Corporate Sustainability Reporting Directive (CSRD) goes into effect—legislation that includes a long list of compulsory disclosure requirements related to corporate governance and sustainability. What is ESG due diligence?

Government

CTP

OCTOBER 28, 2024

By managing the gifting process, you can effectively mitigate taxes Family Governance & Education Ideally, the family will have a family governance document that establishes what the family’s guiding values are and what they want to see happen for younger generations.

Tax

CPA Practice

NOVEMBER 6, 2024

I recommend (a client) putting in $25,000, which will save about $41,000 in federal and state tax expense …” But the government said Lewis knew the transactions were not permitted and that he also told clients to backdate some documents to conceal they hadn’t met IRS rules.

CPA

ThomsonReuters

JANUARY 9, 2025

The extensive reliance on manual spreadsheets and inconsistent policies, coupled with data fragmentation from a lack of standardization and centralization, increases the complexity of corporate governance processes. ESG factors are crucial in corporate governance, evaluating a company’s long-term sustainability and ethical impact.

Technology

CPA Practice

NOVEMBER 11, 2024

DebtBook : Offers debt, cash, lease, and subscription management tools explicitly made for government and nonprofit organizations, consolidating treasury and debt accounting with automated financial reporting. The platform’s speed and accuracy are well beyond the benefits of OCR data extraction.

accounting firms

ThomsonReuters

OCTOBER 18, 2024

Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance. Statutory reporting is the mandatory disclosure of financial and non-financial information by companies and organizations to designated government agencies and regulatory bodies. What is statutory reporting?

Non-Profits

Xero

DECEMBER 10, 2024

With the Malaysian government’s push towards a digital economy, small and medium enterprises (SMEs) must adapt to new requirements. The National E-invoicing Initiative is a government-led project designed to implement a nationwide electronic invoicing (e-invoicing) system. What is the National E-invoicing Initiative?

accounting and finance

Acterys

NOVEMBER 8, 2024

Governance and User Rights Management Governance must provide granular permissions (write/read/none) that can be set at the level of individual dimension members across all dimensions, not limited to just the scenario level. The second critical aspect of governance is a robust audit logs system.

audit

ThomsonReuters

DECEMBER 17, 2024

Blog home Companies on the fence about investing in Environmental, Social, and Governance (ESG) initiatives typically want to know three important things: Will the investment return value to shareholders in the long run? Where will the supposed cost savings and efficiencies gained from ESG investment come from?

Government

Going Concern

NOVEMBER 8, 2024

As with any innovation, its fragilities take time to iron out, and taxes will play only one part of governments’ approach to AI. Broad-based improvements to corporate taxation would better support an innovative Europe than narrow carveouts or punitive tax hikes. But you wouldn’t know that if you listened to the European Parliament.

Florida

Withum

JANUARY 30, 2025

AICPA Audits are for the audit of private companies, not-for-profit organizations, and smaller government entities. These audits are governed by Generally Accepted Auditing Standards (GAAS) and focus on the accuracy of financial statements. PCAOB Audits are required for publicly traded companies and entities registered with the SEC.

audit

RogerRossmeisl

DECEMBER 15, 2024

This contribution amount also applies to 403(b) plans, most 457 plans and the federal governments Thrift Savings Plan. With inflation easing, the amounts arent increasing as much as in recent years. 401(k) plans The 2025 contribution limit for employees who participate in 401(k) plans will increase to $23,500 (up from $23,000 in 2024).

CPA

ThomsonReuters

NOVEMBER 8, 2024

Everything from a company’s energy efficiency, water usage, and waste-management practices to its labor policies, product safety measures, and governance rules are covered under most corporate ESG programs. Access report ESG Solutions Expert tools from Thomson Reuters to navigate environmental, social, and governance challenges.

Technology

Withum

JANUARY 30, 2025

The not-for-profit industry as a whole and many government-funded organizations went on a two-day roller coaster that started with “you will not be funded– all payments are frozen” to “OMB order rescinded.” Although you have a legally binding agreement, that does not mean the government cannot decide to pull it.

Legal

Accounting Insight

JUNE 27, 2025

Quadient findings show Government departments owed at least £290K but owe at least £1.7 million UK government departments have been waiting on payment for nearly two decades, despite strict regulations designed to ensure timely payments, new Freedom of Information (FOI) data obtained by Quadient (Euronext Paris: QDT), reveals.

Government

Accounting Today

JUNE 6, 2025

It unequivocally highlights sustainability, aligning with IFRS S1 and S2, and expands the accountants responsibilities beyond mere numbers to encompass conscious leadership, environmental impact and corporate governance. Today, companies of all sizes and industries demand accountants who can do far more than interpret balance sheets.

accounted

Acterys

OCTOBER 25, 2024

ESG reporting is the practice of disclosing a company’s performance and impacts related to environmental, social, and governance factors. Governance focuses on how a company is run, including corporate ethics, decision-making processes, transparency, and board efficiency. What Is ESG Reporting and Why Does It Matter?

Technology

ThomsonReuters

DECEMBER 10, 2024

The legal landscape remains uncertain, as the government is expected to appeal the ruling, which could lead to a reinstatement of the requirements on short notice. Should the injunctions scope be limited or the governments appeal succeed, companies could be required to file beneficial ownership information with little warning.

Tax

CPA Practice

OCTOBER 14, 2024

These obstacles include a lack of accessible, high-quality and reliable data, and insufficient talent to build, deploy, maintain, and govern the technology. Respondents also voiced concerns about data security and privacy, while others cited uncertainty regarding regulatory compliance and legislation.”

corporation tax

CPA Practice

OCTOBER 31, 2024

At the end of the day, independent retailers are the entities responsible for administering sales taxes imposed by state governments,” Pam Knudsen, senior director of compliance services at Avalara, said in a statement. The survey, which was conducted from Oct.

Sales

ThomsonReuters

JUNE 27, 2025

Federal oversight Action steps for tax and accounting professionals Preparing for the future of digital assets The digital asset landscape is evolving rapidly — and with it, the regulatory frameworks that govern how these assets are issued, used, and reported. Marketing must not imply government backing or legal tender status.

Tax

Going Concern

JANUARY 1, 2025

Mental health Increased state government over-reach WE NEED TO GET PAID MORE Too much offshoring Audit role in relation to fraud Big 4/Large National firms not doing much to reduce the excessive hours in our field.

accounted

Accounting Insight

DECEMBER 18, 2024

As governments increasingly mandate e-invoicing, this figure will continue to grow, amplifying the need for digital solutions that can accurately structure, share and analyse financial data across organisations.

Finance

ThomsonReuters

NOVEMBER 7, 2024

← Blog home As the global business environment continues to evolve, the 2024 State of Corporate ESG report by Thomson Reuters Institute sheds light on the shifting dynamics of Environmental, Social, and Governance (ESG) initiatives.

Technology

Shay CPA

MAY 21, 2025

This approach complies with ASC 606 (Revenue from Contracts with Customers), which governs revenue recognition standards in the U.S. Instead, it must be recorded as deferred revenue, a liability on the balance sheet. Revenue is then recognized monthly as the service is provided.

bookkeeping

Going Concern

OCTOBER 21, 2024

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). Everybody measures the same things, in the same way.

accounted

Xero

JUNE 6, 2025

Superannuation for Government-funded Paid Parental Leave: From 1 July 2025, super will be paid by the Government on its Paid Parental Leave scheme. These changes to income tax rates and thresholds will also be automatically applied in pay runs with a payment date of 1 July 2025. Visit the ATO website to learn more.

payroll

CPA Practice

OCTOBER 29, 2024

Demand was particularly slow in China where revenues fell, and in Australia economic and business headwinds, as well as the divestment of the firm’s government consulting business, contributed to a decline in revenue over last year,” PwC said in a media release. The firm attributed the decline in growth to “difficult market conditions.”

Legal

CPA Practice

OCTOBER 22, 2024

With strong leadership experience in driving initiatives in education, government and healthcare, his commitment to excellence is evident. His expertise lies in building high-performing sales teams, developing innovative go-to-market strategies, and fostering strong relationships with clients and stakeholders to exceed business objectives.

accounting and finance

Acterys

JANUARY 8, 2025

Integrating ESG and Non-Financial Data Modern financial consolidation systems need to accommodate more varied data, including specialized ESG (Environmental, Social, and Governance) data and metrics. At the same time, this availability and ability to integrate tools causes leadership to ask for more complex analytics and reporting.

Technology

LSLCPAs

JULY 29, 2025

For many local government finance departments, reconciling accounts receivable (AR) can feel like an ongoing challenge.

cpas

ThomsonReuters

JUNE 24, 2025

Departments rarely measure GenAI’s return on investment and often lack essential governance policies for its use. For corporate tax departments handling sensitive financial data and strict regulatory compliance requirements, this measurement gap creates significant governance and strategic challenges.

corporation tax

VJM Global

APRIL 21, 2025

If no rent agreement is available: a consent letter on plain paper by the concerned owner; copy of the identity proof of the person granting consent; Any one of the above-mentioned documents is required to establish the ownership of the landlord Unit located in Special Economic Zone (SEZ): Submit certificates issued by the Government of India.

Government