ThomsonReuters

DECEMBER 16, 2024

A recent report from the Thomson Reuters Institute titled Generative AI in Tax Firms stated that 65% of the surveyed tax and accounting firms have data security as one of their main focuses when considering GenAI applications. Use multi-factor authentication for accessing GenAI systems and sensitive data.

Tax 52

Tax audit accounting firms Maine 52

Going Concern

JANUARY 6, 2025

One of the partners thrown under the bus post-tax scandal by PwC Australia has cleared his name : The main disciplinary body for the big four accounting firms has dropped an investigation into a former PwC partner forced out by the firm after being linked to its tax leaks scandal.

accounted 52

accounted Account accountant audit 52

CPA Practice

NOVEMBER 22, 2024

It will also do the first draft of a client memo or of a memo to the file on different things and and it is good at keeping the main thing, the main thing. And so this, this is really designed to do this, and it’s actually used by a large by a number of large firms.

Technology 64

Technology accounted Account accountant 64

CPA Practice

NOVEMBER 25, 2024

There are four main goals of ConnectIN: 1. The program will focus on several key objectives, including boosting high school and college graduation rates, supporting professional certifications, and fostering leadership in Indiana’s business community.”

Indiana 103

Indiana Education accounting and finance cpas 103

ThomsonReuters

JANUARY 13, 2025

This blog will look at the main drivers of change in a business, successful strategies of change management to implement in your corporate tax department, and how leaders can address resistance to technological transformation.

corporation tax 52

corporation tax Technology Tax Maine 52

Going Concern

NOVEMBER 7, 2024

While accounting firm owners are embracing price increases in 2025, the report shows that the majority (around 58%) cite rising business costs as the main motivator,” he said in a press release. According to Ignition Global President Greg Strickland, very few firms are raising fees just to raise revenue.

cost accounting 114

cost accounting accounting firms accounted Account 114

Insightful Accountant

JUNE 9, 2025

Skip to main content Search Learn More About Our Premium Content | Subscribe To Our Newsletters facebook twitter youtube linkedin instagram RSS Accounting Platforms General Ledger Payroll & Merchant Services Vendor Corner APPS Directory Top ProAdvisor Awards Top ProAdvisor Awards People & Business Practice Management APP Academy Tax Practice (..)

tax planning 52

tax planning general ledger Tax Education 52

CPA Practice

NOVEMBER 8, 2024

Now, let’s keep the main thing, the main thing here. They’re comparing that to Thomson, Reuters, Bloomberg tax and cch answer Connect, which they say are 4455 a year, 8200, a year, and 12,000 a year.

Technology 115

Technology accounted Account accountant 115

Going Concern

FEBRUARY 3, 2025

The AICPA’s main gripe with alternate pathways has been the impact different state rules could have on mobility. Makes conforming and other changes.

Illinois 71

Illinois CPA cpas Minnesota 71

CTP

OCTOBER 30, 2024

However, the purpose of the main management company is to leverage the costs of the family office. Let’s say that we have multiple families that are pooling their resources together to create a syndicate. They establish one LLC, but within that LLC are cells that help protect the other participants.

Tax 97

Tax Real Estate cpa firm tax return 97

MyIRSRelief

NOVEMBER 1, 2024

The main advantage of an S Corporation is that it allows income, losses, deductions, and credits to pass through to shareholders for federal tax purposes. Get professional help with your S Corp today 1-877-788-297. What is an S Corporation? This means that the business itself is not taxed at the corporate level.

tax preparation 130

tax preparation tax planning corporation tax Tax 130

Acterys

DECEMBER 23, 2024

Write-back ensures flexibility without altering the main dataset. For instance, department heads can input updated figures into a central report for immediate consolidation and review. Easy Scenario Modeling: Run what-if analyses by simulating metrics like revenue, expenses, or margin scenarios.

Approval Workflows 130

Approval Workflows Technology Maine Gaming 130

TaxConnex

JANUARY 2, 2025

South Dakota recently eliminated its 200-transaction threshold, joining California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin. Alaska has become one of the states (in an odd move for a place with no state-wide sales tax) thats dropping a transaction threshold to ignite economic nexus.

Sales 147

Sales Tax South Dakota North Dakota 147

Going Concern

JANUARY 3, 2025

Wonder CPA Firm Announces Data Breach Affecting an Unknown Number of Clients [ JD Supra ] On December 12, 2024, Wonder CPA Firm PC (Wonder CPA) filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access its computer network. SEC ruling should apply to the PCAOB.

auditor 98

auditor audit Rhode Island cpa firm 98

CPA Practice

NOVEMBER 19, 2024

The Main Street Alliance and Small Business Majority have launched the Small Business Tax Fairness Coalition (SBTF), a national initiative to advocate for a U.S. tax code that prioritizes the needs of America’s entrepreneurs. The SBTF will focus on two core areas, according to a media release: 1.

Maine 52

Maine Tax corporation tax Healthcare 52

Insightful Accountant

JUNE 6, 2025

Skip to main content Search Learn More About Our Premium Content | Subscribe To Our Newsletters facebook twitter youtube linkedin instagram RSS Accounting Platforms General Ledger Payroll & Merchant Services Vendor Corner APPS Directory Top ProAdvisor Awards Top ProAdvisor Awards People & Business Practice Management APP Academy Tax Practice (..)

general ledger 59

general ledger accounted Account Real Estate 59

CPA Practice

NOVEMBER 27, 2024

In a Robert Half survey, over one-third of workers (35%) said the main reason they are looking for a new job is to gain better benefits and perks. We also learned through our research for our 2025 Salary Guide that the benefits and perks employers commonly provide align with professionals’ preferences.

cpa firm 111

cpa firm CPA Technology accounting and finance 111

Insightful Accountant

JUNE 11, 2025

Skip to main content Search Learn More About Our Premium Content | Subscribe To Our Newsletters facebook twitter youtube linkedin instagram RSS Accounting Platforms General Ledger Payroll & Merchant Services Vendor Corner APPS Directory Top ProAdvisor Awards Top ProAdvisor Awards People & Business Practice Management APP Academy Tax Practice (..)

general ledger 52

general ledger payroll Real Estate quickbooks 52

Accounting Today

JUNE 11, 2025

The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies. Initially, nearly half (47%) of advisors foresaw improving conditions.

Technology 107

Technology accounted Account accountant 107

Accounting Seed

NOVEMBER 21, 2024

Accounting Seed’s main features are AR and AP automation. Accounting automation It’s common for the person who’s managing nonprofit finances to wear multiple hats—and that makes the month-end and year-end close hectic! Put more time back into your day with accounting automation.

accounting software 59

accounting software AP Automation accounted Account 59

Withum

DECEMBER 11, 2024

Quicker Settlement: Transactions in cryptocurrencies can be settled almost instantaneously, which is more convenient for both recipient and sender. Entering New Territories: Cryptocurrency may give one an edge worldwide as an option for payment in a global economy, mainly as certain regions have limited banking services.

E-commerce 52

E-commerce tax planning Tax Maine 52

CTP

APRIL 21, 2025

Your organization must be able to prove that its main activities fall under the list of acceptable purposes provided by the IRS: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competitions, and preventing cruelty to children or animals.

Tax 52

Tax Non-Profits Sports income tax 52

Going Concern

NOVEMBER 5, 2024

Not sure where to go from here. Thanks for listening to me vent, any tips/help appreciated. Edit: To add some extra context, based in Texas. Went full remote since covid. Worked mainly Gov side majority of my time there. SR Consultant by the time I got let go. Other coworkers that got let go were Managers with more time put in than I had.

Texas 58

Texas Maine audit accounted 58

Menzies

OCTOBER 30, 2024

Main Initiatives Manufacturers operating in the following areas of specialism could stand to gain from specific initiatives: Committing £975 million in R&D funding for the aerospace sector over five years.

Manufacturing 59

Manufacturing corporation tax chartered accountant Technology 59

CTP

MARCH 21, 2025

In the case of partnerships, one of the main benefits is the ability to make special allocations. Once you have a sense of your clients needs and what they have defined in their business so far, you can provide guidance on the entity types that would provide the best tax advantages.

Tax 89

Tax tax planning Maine accounted 89

Basis 365

APRIL 15, 2025

There are two main methods of preparing the Statement of Cash Flows: Direct Method : Lists all cash receipts and payments explicitly, providing detailed insight but requiring extensive record-keeping. It reveals the true cash position of your business by converting accrual-based net income into actual cash availability.

accrual accounting 64

accrual accounting accounting and finance Non-Profits financial statements 64

Going Concern

JULY 9, 2025

Further analyses suggest that our main inferences are robust to controlling for differences in partners’ cultural backgrounds and using client-pairs audited by the same audit partner. Collectively, our study provides novel evidence on the role of auditor individualism in earnings comparability.

audit 98

audit auditor Arizona Texas 98

CPA Practice

OCTOBER 23, 2024

Small and midsized businesses are facing growing staffing challenges, as rising business costs and economic conditions are prompting potential layoffs, according to the Fall 2024 Main Street Index from top 15 accounting firm CBIZ. While the top tactics remain the same as the accounting firm’s Summer Main Street Index, there was a 4.1%

Healthcare 110

Healthcare Maine Washington Tax 110

ThomsonReuters

DECEMBER 27, 2024

The main hurdle is to audit crypto data across multiple wallets, exchanges, and transactions to ensure completeness and accuracy of reported balances and activities. Another critical check is ensuring that your firm still has access after the close of the financial period. What is an auditors responsibility in crypto audits?

audit 52

audit auditor financial statements Technology 52

ThomsonReuters

DECEMBER 19, 2024

Encouraging inherent risk and procedure discussions Not providing enough information or documentation is the main struggle in peer reviews, and often these tasks rely on the less experienced team members within the firm. The challenge isnt a lack of expertise but a gap in linking knowledge to effective procedures and risk assessments.

audit 40

audit auditor Maine Tax 40

Accounting Today

JUNE 13, 2025

Some of the main challenges faced by firms include economic uncertainty (38%), mastering AI (36%) and rising client expectations for strategic advice (35%). While 85% of firms have embraced cloud platforms, a sizable number still lag behind, missing out on benefits such as easier data access from anywhere (40%) and enhanced security (36%).

Technology 69

Technology tax preparation corporation tax audit 69

Accounting Insight

MAY 2, 2025

The main reason? Sixty percent of those surveyed said the complexity and time required to transition was the main reason they hadnt switched. Nearly two-thirds (64%) felt price hikes from their current providers werent justified, with no new features added to explain the increase. Despite the desire to switch, many hesitate.

Finance 52

Finance accounting and finance Maine accounted 52

Mark Lee

NOVEMBER 26, 2024

Every survey confirms the main reason is they felt their old accountant didn’t care. If you really empathise with your clients you will make clear any assumptions on which your advice is based. if something goes wrong you will own it, apologise, ask how you can make amends, and follow through. Why does empathy matter so much?

Maine 52

Maine accounted Account accountant 52

CTP

MARCH 21, 2025

The main requirement for using special allocations is that those allocations must have substantial economic effect. The main thing to identify is the fact that you plan to do a special allocation and therefore that you need to include special language in your partnership agreement.

Tax 52

Tax Maine tax planning Legal 52

Accounting Insight

NOVEMBER 27, 2024

On average, 65% of a business’s custom comes from repeat customers – yet all too often, an organisation’s main focus is on winning new work rather than retaining and expanding its existing client base.” The playbook asks ‘Are your clients happy?’

accounted 52

accounted Account accountant Maine 52

Withum

NOVEMBER 19, 2024

The project is divided into two main phases: the NetSuite Global Design Phase and the NetSuite Implementation Phase. Withum’s Implementation Methodology (WIM) strategically combines elements from the waterfall and agile frameworks. This approach ensures an effective strategy for client projects.

NetSuite 52

NetSuite Manufacturing New Jersey Maine 52