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Featured….
FASB Wraps Up Work on Its Conceptual Framework By Issuing Latest Chapter
CBIZ Launches D@taNEXUS Suite for Businesses
Embracing Technological Change and Expanding Advisory Services are Critical to Accounting Profession
Deloitte: Back-to-School Spending Expected to Be Less Than Last Year
Contributors….
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Randy Johnston
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Darren Root, CPA, CITP, CGMA
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Becky Livingston
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Garrett Wagner
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Richard D. Alaniz, JD
Webinars and CPE….
Becker Launches Tax Representation Training with Tax Rep Network
Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes
Events….
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Technology
K2 Artificial Intelligence Conference – June 20 – 8 Hours CPE Available
K2 Enterprises will host the Accountant’s Artificial Intelligence Conference, a new virtual event that is set to make an indelible mark on your professional skill set.
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Taxes
Tax In Motion 2024 Federal Tax Forum – June 25-26, 2024
Join RSM’s highly anticipated two-day federal tax forum for comprehensive sessions covering crucial updates in federal tax regulations and practices.
![irs221](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/30205/irs221_11527382-768x576.png)
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/technology-768x340.jpg)
How Technology Can Address Two Big Problems at Accounting Firms
Tackling cyber risk and talent shortages at accounting firms requires proactive measures and innovative solutions.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/TIA-Award-2024.png)
Accounting
Nominations Open for Tax & Accounting Technology Innovation Awards
Now in their 21st year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/10/FASB-laptop-768x594.jpg)
Accounting
FASB Wraps Up Work on Its Conceptual Framework By Issuing Latest Chapter
Chapter 6 of the framework, issued by the FASB on July 12, pertains to the measurement of items recognized in financial statements.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/CBIZ-sign-768x427.jpeg)
Technology
CBIZ Launches D@taNEXUS Suite for Businesses
CBIZ D@taNEXUS is a suite of data analytics and automation services to help business leaders make smarter decisions faster.
![advancement-of-technology1_10863322](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/32407/advancement-of-technology1_10863322-768x647.png)
Accounting
Embracing Technological Change and Expanding Advisory Services are Critical to Accounting Profession
The report identified several positive technology-driven changes that are expected transform internal audit over the next decade.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/school-supplies-768x512.jpg)
Small Business
Deloitte: Back-to-School Spending Expected to Be Less Than Last Year
Back-to-school shopping is underway for many parents, but overall spending likely won’t see much of a bump in 2024.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/job-hunting-768x512.jpg)
Payroll
Over Half of U.S. Employees Are Job Hunting, According to New Gallup Poll
Firm leaders could prevent voluntary turnover with a few key changes, like offering better compensation and benefits.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/Gen-Zer-with-Dad-laptop-768x432.jpg)
Payroll
Nearly Half of Adult Gen Zers Get Financial Assistance From Their Parents
Most Gen Zers cited the high cost of living as the main barrier to financial security, according to a new Bank of America study.
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Accounting
CFO Optimism Hits Highest Mark in 3 Years
Grant Thornton’s Q2 2024 CFO survey of more than 225 senior financial leaders revealed several other positive indicators.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/Gen-X-employee-retirement-768x512.jpg)
Payroll
Gen X Employees’ Retirement Savings Look Skimpy, Survey Finds
A new study of 55-year-olds by Prudential finds Gen Xers have median retirement savings of under $50,000.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/running-late-to-work-768x512.jpg)
Payroll
Why It Seems Like Gen Z Workers Are Always Late
In a new survey from Meeting Canary, almost half of Gen Zers said being five to 10 minutes late is the same as being on time.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/optimistic-small-business-owner-768x512.jpg)
Small Business
Small Business Owners’ Optimism Reaches New High at Year’s Midway Point
Small business owners have higher hopes for the future, although inflation continues to be a thorny obstacle, the NFIB said.
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Small Business
Self-Employed Workers Waver on Summer Vacations
More independent workers are considering the state of the economy when deciding whether to take time off this summer.
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Accounting Standards
AICPA Comments and Requests to Testify on Foreign Trust Proposed Regulations
The submitted recommendations will simplify filing for taxpayers and practitioners, reduce the administrative burden on the IRS
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Small Business
Small Business Sales Down as Consumers Cut Back on Spending
Inflation is still pushing consumers to reduce their discretionary spending, a new Fiserv report shows.
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Firm Management
Unlocking Growth: How to Effectively Market Client Accounting Services (CAS)
In the competitive world of accounting and advisory services, offering Client Accounting Services (CAS) or Client Accounting Advisory Services (CAAS) can set firms apart and strengthen client relationships.
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Americans Are Traveling More Internationally – Up by 8%
Americans left the country more this spring than they did before the pandemic, according to new passenger volume data released by The National Travel and Tourism Office (NTTO).
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/08/IRS-sign-768x512.jpg)
Taxes
IRS Warns Car Dealers and Sellers About Phishing Scams
A recent ransomware attack that impacted car dealerships prompted the IRS to alert vehicle dealers and sellers about these schemes.
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State and Local Taxes
As Gas Tax Funds Decrease, States Look to Add Fees on Delivery Services Like Amazon
tates have relied on gas taxes to provide much of the money to maintain roads and bridges. But as cars become more fuel efficient, and some Americans switch to electric vehicles, state leaders say the gas tax won’t pay the bills for much longer.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/small-business-workers-768x508.jpg)
Taxes
Why Small Businesses Need This 2017 Tax Cut to Continue
Small businesses are about to face a tax hike that will hurt workers and weaken communities if Congress does not take action.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/09/Pennsylvania-map-768x500.jpg)
Pennsylvania Lawmakers Approve $47 Billion Budget, with $1 Billion Increase in Education
Overall, the state will increase spending by 6.2%, or $2.72 billion, over last fiscal year, according to the budget unveiled Thursday.
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Accounting
AICPA Comments on Proposed Regs on Excise Tax on Repurchase of Corporate Stock
Section 4501(a) was enacted as part of the Inflation Reduction Act of 2022 and provides that a covered corporation is subject to “a tax equal to 1 percent of the fair market value of any stock of the corporation which is repurchased by such corporation during the taxable year.”
![Retail20Sales1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/32096/retail20sales1_11240460.png)
Small Business
Retailers Saw Moderate Growth in June
Total retail sales, excluding automobiles and gasoline, were up 0.47% seasonally adjusted month over month and up 3.42% unadjusted year over year in June, according to the Retail Monitor.
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Accounting
Review of QuickFee and Knuula – The Accounting Technology Lab Podcast – July 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss a newly-formed relationship between QuickFee and Knuula.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/AndersenGlobal-Article-2020082415441.jpg)
Accounting
Andersen Global Adds Valuation Capabilities in Nigeria and South Africa
These additions mark Andersen’s first valuation service offerings in Africa, adding to the firm’s global valuation service offerings in North America, Europe, Latin America, the Middle East, and Asia.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/Aprio-building-sign-768x470.jpg)
Firm Management
Aprio Gets Private Equity Infusion
Aprio is the latest firm to jump on the private equity gravy train, as Charlesbank Capital Partners has agreed to buy a stake in the firm.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/01/retirement-planning-768x512.jpg)
Payroll
68% of Americans Think They Are On Track for Retirement, But Worry it Won’t Last
Sixty-eight percent of savers with access to a retirement plan at work believe they are on track with retirement savings, up 12% from last year, due in part to improved market conditions. But for those who feel off-track, long-term uncertainty about how much savings (41%) or retirement income they will need (43%) are top of mind.
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Accounting
Workiva Adds New Global Internal Audit Standards to Audit Management Platform
Released by the Institute of Internal Auditors (The IIA), the Global Internal Audit Standards are designed to equip internal audit professionals to respond to emerging business challenges and engage with board members and executives as strategic partners for their organizations.
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Accounting
insightsoftware Acquires LeaseAccelerator
The acquisition extends insightsoftware’s market reach in the U.S. and enhances its lease accounting and administration solutions. LeaseAccelerator offers a core capability crucial for CFOs and Controllers that provides full control over the entire lease lifecycle.
![irs221](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/30205/irs221_11527382-768x576.png)
Taxes
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
The agency has launched several initiatives targeting wealthy individuals and large companies in an effort to close the tax gap.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/zone-and-co-squareLogo-16275887192261.png)
Accounting
ERP Provider Zone & Co. Acquires Staria Flow AP Automation System
Staria Flow is designed to streamline accounts payable processes and payments offering users increased efficiency and control over their financial operations.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/08/IRS-document-768x512.jpg)
Taxes
IRS Issues FAQs About Clean Fuel Production Credit Registration
These FAQs address which entities must apply for registration for the tax credit pursuant to Notice 2024-49, which the IRS issued in June.
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Advisory
Accounting Firm Adds New Subsidiary, Schneider Downs Capital
Schneider Downs & Co. introduces a new subsidiary: Schneider Downs Capital LLC (SD Capital), a focused team of value advisors specializing in middle market transactions.