CPA Practice

SEPTEMBER 25, 2023

By Sandy Petty, CPA, CGMA, PHR, SHRM-CP Determining the right pricing strategy for advisory services is a science and an art. I want to dive into the essential aspects of pricing advisory services to help my tax and accounting peers navigate this crucial aspect of their practice.

audit 113

audit accounting and finance accounting firms CPA 113

Airbase

DECEMBER 5, 2023

As businesses navigate the complexities of modern finance, the role of expense reports is an integral component essential to informed decision-making and sustainable growth. Suitability: Well-suited for tracking regular monthly operational expenses, such as utilities, office supplies, and subscription services.

Approval Workflows 130

Approval Workflows Expense Management Entertainment Technology 130

CPA Practice

OCTOBER 2, 2023

hiring and employment trends found that 95% of hiring managers in finance and accounting face challenges in locating skilled candidates available for hire. In finance and accounting specifically, nearly two-thirds (66%) of the hiring managers we surveyed said they want to hire talent for new jobs. Robert Half’s research on U.S.

accounting and finance 128

accounting and finance cpa firm CPA Finance 128

Acterys

NOVEMBER 27, 2023

These statements serve multiple purposes, including providing information for investment opportunities, creditworthiness evaluations, regulatory compliance and strategic business decisions. The report typically includes information such as total revenue, revenue by product or service, total expenses and expenses by category.

financial statements 130

financial statements accounting and finance Sales accounting software 130

ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

Technology 93

Technology Tax audit Sales 93

CPA Practice

JANUARY 24, 2024

Top among them is competing for finance and accounting talent to staff both new and vacated roles and help keep critical projects moving forward. This is also against the backdrop of tax season, one of the busiest times of the year. If your CPA firm is feeling the impacts of the talent shortage acutely, you’re in good company.

cpa firm 64

cpa firm accounting and finance CPA Technology 64

CPA Practice

OCTOBER 11, 2023

According to the study, families are projected to spend $237,482 over 18 years to raise a child. The cost to outsource the services provided by a parent or caregiver who doesn’t work outside of the home. CPAs are strategically positioned to help manage your personal finances all year long. Scenario No.

Illinois 98

Illinois Education CPA cpas 98

Cherry Bekaert

SEPTEMBER 22, 2023

The Tax Cuts and Jobs Act of 2017 (TCJA) gave way to the OZ program, which instantly became a hot topic across the real estate industry. The program intrigued investors with opportunities to defer tax on their capital gains until December 2026 and receive a stepped-up basis in their investment for at least 10 years.

Real Estate 111

Real Estate Agriculture Construction Non-Profits 111

PANALITIX

MAY 31, 2021

Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. First, let’s define ‘Specialization’ as: Developing and marketing products and services based on specific expertise to create differentiation from competitors and achieve more sales. Corporate Finance.

Account 130

Account accountant accounted Non-Profits 130

ThomsonReuters

JULY 6, 2023

What are business advisory services? Business advisory services capitalize on the unique insight of accounting firms to make a profitable shift from serving clients as a once-a-year tax compliance processor to a year-round strategic business advisor. Today, technology can automate the entire tax compliance workflow.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

JULY 8, 2021

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance. Watch the entire episode.

Technology 98

Technology accounting and finance general ledger accounting principles 98

Cherry Bekaert

JANUARY 23, 2023

Project Commonwealth Crossing Business Centre (CCBC) is a modern business and technology park designed to attract major manufacturers with the potential to add value to the local economy and create thousands of new jobs. The project is expected to support 33 direct construction jobs at an average hourly wage of $18.82.

Virginia 75

Virginia Technology Construction Manufacturing 75

Going Concern

MAY 26, 2023

Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. Although the public health emergency is over, taxpayers can continue to apply for the tax credit until 2025.

public accounting 76

public accounting Account accountant accounted 76

Basis 365

JULY 21, 2023

Cash flow-related issues are significant concerns for service-based businesses. While cash flow is vital for all businesses, service-based businesses often face specific challenges that can impact their cash flow management. Pricing services competitively while considering profitability is essential.

accounting and finance 52

accounting and finance Finance payroll Account 52

CPA Practice

AUGUST 9, 2023

“The NJCPA has a rich history of member service, cultivating community and helping to foster the next generation of accountants and CPAs,” said Aiysha (AJ) Johnson, MA, CEO and executive director of the NJCPA. She joined the NJCPA in June 2023 and previously served as the executive director of BKR International’s Americas Region.

New Jersey 98

New Jersey cpas CPA accounting and finance 98

PANALITIX

JANUARY 5, 2021

Others will not have any strategic financial support… which is a huge opportunity for accountants. What projects are underway and should we re-evaluate their relevance? Many businesses start projects which make sense in a prior business environment but will no longer deliver the value expected. Do Your Clients.

accounting and finance 130

accounting and finance accounts payable Start-ups Hospitality 130

PANALITIX

MARCH 31, 2021

In a recent webinar, Panalitix CEO Mark Ferris discussed how accountants can offer more strategic (CFO-type) services. What do we really mean by strategic (CFO-type) services? This is in addition to their oversight of matters of compliance, accounting and tax). Is there a market for [CFO-type services]?

Rhode Island 130

Rhode Island accounting and finance Oregon Maryland 130

Going Concern

MARCH 5, 2024

Last year around this time, one of the big crypto blogs noticed Deloitte had suddenly placed more than 300 job openings for positions such as Blockchain & Digital Assets Manager, Blockchain & Cryptocurrency Tax Manager, and Blockchain & Cryptocurrency in NFTs Tax Manager (LOL).

audit 56

audit Virginia accounting and finance Legal 56

CPA Practice

APRIL 7, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. It also empowers them to use their time more strategically to focus on client services, tax processes and auditing obligations. By Cameron White, SVP of Finance, AvidXchange.

accounting firms 139

accounting firms CPA Technology Account 139

ThomsonReuters

NOVEMBER 8, 2022

The answer lies in implementing an end-to-end tax workflow automation solution backed by an integrated technology ecosystem. Identify all the steps in your tax workflow process, including all systems and software you and your staff use on a daily basis. Standardize your tax workflow. Tax preparation. The result?

Technology 105

Technology Account accountant accounted 105

CPA Practice

APRIL 3, 2023

In 2021, there was a 17 percent drop in employed accountants and auditors from a 2019 peak, according to a Bloomberg Tax analysis. It also empowers them to use their time more strategically to focus on client services, tax processes and auditing obligations. By Cameron White, SVP of Finance, AvidXchange.

accounting firms 135

accounting firms CPA Technology Account 135

Steve Feinberg

DECEMBER 22, 2023

By using a strategic approach, you can make informed decisions that will help you to achieve long-term growth and success. One of the best ways to do this is by keeping track of your earnings from each project, client, or product.

accounting and finance 52

accounting and finance financial statements tax preparation Tax 52

Basis 365

FEBRUARY 28, 2024

We have requests for “CFO-services” that have nothing to do with what a CFO would actually do. Without their diligence, the business could have overstated its income, leading to inaccurate tax filings, misinformed financial decisions, and an incorrect understanding of profitability. What about a CFO, are they an accountant?

bookkeeping 64

bookkeeping Account accountant accounted 64

Cherry Bekaert

APRIL 9, 2024

There are tangible business benefits to measuring and reporting emissions,” says Gabriela Payne, Senior Manager, Risk & Accounting Advisory Services. All reporting is data driven,” says Joe Haehner, Partner, Risk & Accounting Advisory Services.

California 52

California Technology Manufacturing Transportation 52

CPA Practice

MARCH 14, 2023

This paid program provides students with the opportunity to gain real-world experience in accounting, tax, wealth management, digital, and consulting services. A strategic relationship between CLA and Future Business Leaders of America, Inc. FBLA President and CEO Alexander T.

accounting internships 52

accounting internships Account accountant accounted 52

CPA Practice

MAY 2, 2023

Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. The demand for accountants has steadily increased due to business growth and tax regulation complexity, while fewer students pursue accounting as a profession.

cpas 69

cpas auditor accounting firms accounting and finance 69

CPA Practice

JUNE 5, 2023

Business news and analysis website The Consulting Report last month released its ranking of the top 50 consulting firms of 2023 , which it said “highlights the world’s most trusted and influential professional services firms.” In the top five, global management consulting firm Kearney took the No.

cpa firm 52

cpa firm CPA Technology Agriculture 52

Acterys

FEBRUARY 22, 2023

These reports are then used by executives, managers, and other stakeholders for operational and strategic reasons. These statements serve multiple purposes, including providing information for investment opportunities, creditworthiness evaluations, compliance with laws, and strategic business decisions.

financial statements 130

financial statements accounting and finance Sales Finance 130

ThomsonReuters

APRIL 18, 2023

They rely heavily on cash flow statements and the expertise of their accountant to make informed strategic business decisions. The cash flow statement is divided into three core segments: cash from operating activities, cash from investing activities, and cash from financing activities. What are the main types of cash flows?

accounting and finance 59

accounting and finance accounts payable Finance Account 59

Anders CPA

JANUARY 8, 2024

From a financial perspective, the fundamentals of a legal practice are similar to other service-based companies. What Size Law Firm Benefits from Virtual CFO Services? They may not be getting the best, timeliest information about the firm’s finances, but by the end of the year, they’ll get there. What Are Law Firm Metrics?

Account 52

Account accountant accounted Non-Profits 52

Anders CPA

JANUARY 8, 2024

From a financial perspective, the fundamentals of a legal practice are similar to other service-based companies. What Size Law Firm Benefits from Virtual CFO Services? They may not be getting the best, timeliest information about the firm’s finances, but by the end of the year, they’ll get there. What Are Law Firm Metrics?

Account 52

Account accountant accounted Non-Profits 52

CPA Practice

AUGUST 10, 2023

This strategic initiative further solidifies the firm’s commitment to assisting clients in navigating the complexities of digital transformation and harnessing the full potential of enterprise resource planning (ERP) solutions. Clients turn to us for more than accounting and tax services.

NetSuite 40

NetSuite Technology accounting and finance public accounting 40

Going Concern

DECEMBER 22, 2023

PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S. HEY it’s not too late to snag some tax talent before busy season hits. and Mexico. billion in assets as of Dec.

auditor 96

auditor audit accounting firms accounting and finance 96

Going Concern

AUGUST 18, 2023

TSG Entertainment, a film-financing firm, has accused Disney and its subsidiary 20th Century Studios (formerly 20th Century Fox) of breach of contract and self-dealing in a lawsuit filed Tuesday in Los Angeles County Superior Court. It’s always a long-term strategic focus,” he said. “If I don’t focus on the short-term.

Account 78

Account accountant accounted accounting and finance 78

Cherry Bekaert

MARCH 30, 2023

About Cherry Bekaert’s Deal Advisory Services As a nationally recognized, growth-oriented firm, Cherry Bekaert provides guidance and support that help our clients move forward to reach their organizational goals. About Our Firm The post Deal Advisory Services for Technology Industry appeared first on Cherry Bekaert.

Technology 40

Technology Finance Tax 40

xendoo

AUGUST 3, 2021

Accurate and timely bookkeeping allows you to make sound decisions for the strategic planning of your business. It makes tax time a breeze and ensures that you’re ready if the IRS ever audits your company. . Below is a brief overview of what this service looks like and what it will cost to make it a part of your small business.

bookkeeping 98

bookkeeping bookkeeping services CPA accounting and finance 98

Anders CPA

OCTOBER 1, 2022

Brent joined the firm in 2004 and has used his time with Anders to help the firm strategically develop new business. His wide-ranging industry experience includes manufacturing and distribution, real estate and construction, along with health care organizations and professional services firms. About Beth Schulte. About Justin Marty.

Missouri 52

Missouri public accounting Real Estate CPA 52