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Featured….
Jirav Does Full Roll Out of Intelligent Forecasting Tool For Accounting Firms
Unemployment Claims Drop After Increase Due to Storms
Indiana Society of CPAs and Students Hold Day of Service for Nonprofits
SMBs are Driving Growth in AI Adoption
Contributors….
Randy Johnston
Brian Tankersley
Darren Root, CPA, CITP, CGMA
Becky Livingston
Ken Berry, JD
Webinars and CPE….
CPE Webcast Nov. 14. – Selecting the Right Payroll Partner for Your Business Growth
CPE Webcast Oct. 24. – Stop Resisting Change & Start Controlling It
Events….
Accounting
Intuit Connect 2024 – Oct. 28-30
Get inspired by influential speakers and expert-led sessions on topics such as QuickBooks tools and services, Mailchimp, firm growth, client advisory, and more.
SYNERGY 2024 Conference – Nov. 6-9, 2024
From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024
Mark Koziel to Be Next CEO of AICPA & CIMA
Koziel is currently president and CEO of Allinial Global, an association of independent accounting and advisory firms with $6 billion in collective revenue and 268 member firms worldwide. He will begin the role in January following a handover period.
Nomination Period Closes Soon for 2024 “40 Under 40” and “20 Under 40” Awards
The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession by visibly and incrementally changing the accounting profession.
Accounting Standards
GASB Issues Guidance on Disclosure of Certain Capital Assets
The Governmental Accounting Standards Board (GASB) has issued guidance that establishes requirements for certain types of capital assets to be disclosed separately for purposes of note disclosures.
Accounting
Jirav Does Full Roll Out of Intelligent Forecasting Tool For Accounting Firms
Jirav says the new tool generates client cash forecasts in seconds, enabling firms to differentiate their services and offer deeper advisory.
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Payroll
Unemployment Claims Drop After Increase Due to Storms
Applications for U.S. unemployment benefits unexpectedly fell after jumping the previous week in Southeastern states affected by Hurricane Helene, and data will probably remain volatile in the coming weeks.
Firm Management
Indiana Society of CPAs and Students Hold Day of Service for Nonprofits
The Indiana CPA Society’s statewide 19th annual CPA Day of Service was Sept. 27, when teams from 15 organizations completed 19 service projects in 17 Indiana communities.
Small Business
SMBs are Driving Growth in AI Adoption
In the past year, the number of SMBs using AI has more than doubled (39% of SMBs are using AI in 2024 compared to 14% in 2023), in large part due to the growing familiarity with and accessibility of AI and its business applications.
Firm Management
Citrin Cooperman to Acquire Teplitzky & Co.
The top 20 firm is expanding its presence in Connecticut and New England by acquiring Teplitzky in a deal expected to close next month.
Small Business
Retail Sales Grew in September
The Census Bureau said overall retail sales in September were up 0.4% seasonally adjusted month over month and up 1.7% unadjusted year over year.
Accounting
Accounting Groups Call for More Competitive Pay for Government CPAs
Earlier this year, an independent panel convened by the AICPA, the National Pipeline Advisory Group, delivered a series of recommendations on addressing the accounting talent shortage.
Income Tax
AICPA and NATP Respond to TurboTax Ad
The ad tells Americans they should have a “tax break up” with their professional preparer by using one of TurboTax’s live experts.
Accounting
How to Turn a Shortage of Accountants Into an Opportunity for Businesses
A combination of the right talent, right roles, and the right tools will create accountants who are more “powerful” than ever. This will mitigate the shortage seen in the industry today and deliver significant value to businesses.
Accounting
SAP Embeds GenAI Throughout Spend Management and Business Network Solutions
During Spend Connect Live, SAP said it is embedding its GenAI copilot Joule across the SAP Ariba source-to-pay solution portfolio.
Misinformation, Online Scams Surging Following Historic Hurricanes
Scammers are trying to exploit the disasters, and many people’s impulse to help those in need, by posing as legitimate charities.
Small Business
New Federal Rule Makes it Easier to Cancel Recurring Subscriptions and Memberships
The Federal Trade Commission has announced a final “click-to-cancel” rule that will require sellers to make it as easy for consumers to cancel their enrollment as it was to sign up.
Accounting
New Jersey CPA Society Announces Ovation Awards
Award categories included: Lifetime Leader; Diversity, Equity & Inclusion; Exceptional Educators; Emerging Leaders; Impact; Innovation; and Women to Watch.
Accounting
IRIS Unveils Practice in a Box Solution For Accounting Firms
Practice in a Box is an all-in-one solution designed to simplify firms’ workflows and allow them to grow more profitably.
Accounting
Intuit Connect 2024 – Oct. 28-30
Get inspired by influential speakers and expert-led sessions on topics such as QuickBooks tools and services, Mailchimp, firm growth, client advisory, and more.
Small Business
Taxes on Halloween Candy Can be a Scary Task for Retailers
Halloween can be a scary time for retailers. In addition to inventory issues and trends, figuring out whether and how to charge sales tax on candy can be frightening.
Accounting
Acumatica Launches Cloud ERP Solution for Professional Services Firms
The Professional Services Edition joins Acumatica’s existing suite, which includes the Construction Edition, Manufacturing Edition, Distribution Edition, Retail Edition and General Business Edition.
Accounting
Mark Koziel to Be Next CEO of AICPA & CIMA
Koziel is currently president and CEO of Allinial Global, an association of independent accounting and advisory firms with $6 billion in collective revenue and 268 member firms worldwide. He will begin the role in January following a handover period.
Taxes
Trump Goes Big on Tariffs During Chicago Appearance
The former president and GOP nominee vowed to “bring the companies back” to the U.S. during an interview in Chicago on Oct. 15.
Firm Management
ContractPodAi and KPMG Announce Strategic Alliance to Transform Managed Legal Services with AI
KPMG chose Leah, ContractPodAi’s generative AI platform for lawyers, to power its new managed legal services capability.
Technology
Making Accounting Work: The Balance of Technology and Teamwork
The adoption of new technology also requires investment in training, as systems are only as effective as the people using them.
Accounting
Pivot Payables Joins American Express Sync
New B2B payments collaboration provides Pivot Payables’ users more ways to manage expenses, payments, and cash flow.
Auditing
DataSnipper Acquires UpLink, Releases New Product DocuMine
The move expands DataSnipper’s goal of building a comprehensive AI-powered audit ecosystem with global impact, the company said.
Small Business
2024 Holiday Retail Spending Forecast to Grow Up to 3.5 Percent
Online and other non-store sales, which are included in the total, are expected to increase between 8% and 9% to a total of between $295.1 billion and $297.9 billion.
Taxes
IRS Warns of Hurricane Charity Scams
Scammers commonly set up fake charities to take advantage of peoples’ generosity during natural disasters and other tragic events.
Taxes
Tax Court Delivers Mixed News on Charitable Appraisals
The moral of the story is that you should not run risks with so much at stake. The cost of an accurate qualified appraisal from a reputable source is money well spent.
SYNERGY 2024 Conference – Nov. 6-9, 2024
From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024
Technology
Decisions 2024: A Modern Experience
With a multitude of storm-related extension, maybe tax season isn’t quite over after all. However, for most of you, the flurry of activity for tax extensions is past. It’s time to turn to the projects needed to prepare for the new year.
Payroll
ADP Acquires WorkForce Software
This acquisition will expand ADP’s global offering of workforce management solutions and enable future innovation in the space.
Taxes
Tax Experts See Long Standoff Over Expiring Provisions
Deep ideological differences could make striking an agreement on expiring tax breaks difficult if there is divided government.
Payroll
How Much Do You Need to Earn Annually to Afford a $1 Million Home?
According to a new report from Zillow, the number of homes in the United States valued at $1 million or more is at a record high.