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Featured….
EY Adds Technology Consulting Firm Dignari
RBSK Partners Acquires Hash CPA Group in Indiana
Finance & Insurance Tops All Industries in Employee Benefits
Two-Thirds of Americans Say Election Will Significantly Impact Unemployment, Survey Finds
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
2024 Intuit Connect Conference Kicks Off in Vegas
Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. 2024.
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.
2025 Budget Season: 3 Key Priorities
When kicking off the 2025 budgeting process, CFOs will need to revisit and pressure-test the scenarios, assumptions, and decisions that were employed for the previous year.
Firm Management
EY Adds Technology Consulting Firm Dignari
The woman-owned firm specializes in digital identity and access management solutions primarily for U.S. government clients.
Firm Management
RBSK Partners Acquires Hash CPA Group in Indiana
The move expands Greensburg, IN-based RBSK Partners’ client base and strengthens its position as a trusted advisor in the market.
Benefits
Finance & Insurance Tops All Industries in Employee Benefits
The Finance & Insurance industry has the best benefits, as the industry earned the highest overall score of 92.33 out of a possible 100.
Payroll
Two-Thirds of Americans Say Election Will Significantly Impact Unemployment, Survey Finds
American workers have growing fears about AI technology, the outcome of the election, and its impact on unemployment, according to a new survey by MarketWatch Guides.
Taxes
Tax Court Rules Against a Family Limited Partnership
As shown in a new case, Estate of Fields, TC Memo 2024-90, 9/26/24, there must be a legitimate transfer of business ownership. This can’t be merely a means to reduce or avoid tax liability.
Accounting
AICPA Women’s Global Leadership Summit Aims to Promote and Uplift Trailblazers and Allies
AICPA & CIMA will hold the thirteenth annual Women’s Global Leadership Summit from November 11-13 this year in the Seattle area, where attendees dedicated to advancing women in the profession will be inspired by trailblazing speakers, and participate in impactful sessions tailored to all career levels.
Accounting
UHY Unveils First Rebrand in 20 Years
The global network’s new brand identity includes a green color scheme and logo, as well as the new tagline “Connect to possibility.”
Small Business
2024 Intuit Connect Conference Kicks Off in Vegas
Conference activities centered around small business practices, advisory services, professional tax services, and accounting firm management will be held from October 28-30. 2024.
Accounting
Top 10 Technology Predictions for Accounting Firms in 2025
For the 10th item, I asked ChatGPT, Gemini, and Copilot what “their” top ten technology predictions impacting accounting firms in 2025 would be.
Small Business
How to Dissolve a Company in Bad Standing Before Year-End
Whether due to a failure to file reports, pay taxes, or meet regulatory obligations, there may be a time when a company falls into bad standing. When this occurs, dissolution may be a solution.
Firm Management
Grant Thornton US Strikes a Deal With … Grant Thornton in Ireland
Grant Thornton’s tax and advisory business, Grant Thornton Advisors, is merging with its counterparts at Grant Thornton Ireland.
Taxes
Florida Man Pleads Guilty to $1.7 Million Tax Evasion
A Florida man has pleaded guilty to evading the payment of more than $1.7 million he owed for tax years 2004 through 2014.
Accounting
Generational Change … I’m Getting Old
Change is inevitable. Every generation is different because the world they grow up in is different. But instead of viewing this as a strength, we tend to treat it as a problem.
PCAOB
PCAOB Chair Sworn in For Second Term
Erica Williams’ new five-year term as chair of the PCAOB officially began on Oct. 25 and lasts through Oct. 24, 2029.
Firm Management
Cohen & Co. Gets Private Equity Backing
The top 50 accounting firm said on Oct. 25 that it has received a strategic growth investment from Lovell Minnick Partners.
Technology
Review of Liscio – The Accounting Technology Lab Podcast – Oct. 2024
Hosts Brian Tankersley, CPA, and Randy Johnston review Liscio, a client experience platform that centralizes communication, document collection, and task management for accounting firms.
Accounting
Forensic Accountants to Meet During Period of Increased Demand for Their Services
Forensic and valuation services (FVS) professionals will meet this year in Dallas from October 28-30 at the annual AICPA & CIMA Forensic & Valuation Services Conference.
Small Business
SMBs Face Staffing Challenges Due to Unstable Economy, CBIZ Says
The majority of SMBs are evaluating staff levels, with many unable to fully utilize their workforce amid the looming presidential election.
Firm Management
CFPB Warns Firms Over Tracking Their Employees
The watchdog issued its warning on Oct. 24 in response to employers increasingly deploying new tools to track workers.
Auditing
PCAOB Provides Three Resources For Auditors On the New Quality Control Rules
The resources include a practice aid, comparison document, and a webinar related to the implementation of QC 1000.
Financial Reporting
Finance Execs Turn to AI to Improve Corporate Reporting
96% of respondents say they worry about the integrity and reliability of this data, and many have reported problems with data formats (39%) and inconsistencies (35%).
Accounting
Accountants Are Feeling More Glum About the Global Economy, Survey Says
Confidence improved in North America over the last quarter, but uncertainty is extremely elevated amid the upcoming U.S. election.
Small Business
Bill360 Adds Enhancements to AR Automation Platform
The new capabilities align with Bill360’s mission of helping accountants and their B2B clients optimize both the efficiency of the invoicing process and the ease of payment.
Accounting
Indiana Accountant Sentenced to 41 Months in Federal Prison
Nathaniel Wills, 34, of Anderson, IN, pleaded guilty to wire fraud for stealing almost $1 million from his employer.
Payroll
62% of Americans Feel Behind on Emergency Savings
Older generations are more likely to feel behind on their emergency savings compared to younger generations.
Payroll
6 Factors Drive Employee Attraction and Retention
48% of employees cite pay as one of the main drivers for attraction and retention — the most commonly cited factor for both, and more than half of employees (56%) would consider another job offer for better pay.
Taxes
IRS Issues Guidance for Energy Efficient Home Improvement Credit
The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM).
Payroll
Sales of Existing Homes Dropped 1 Percent in September
Three out of four major U.S. regions registered sales declines while the West experienced a sales bounce. Year-over-year, sales fell in three regions but grew in the West.
Accounting
Top 30 Accounting Firm Has the Best Internship Program in All the Land, Vault Says
For the second year in a row, PKF O’Connor Davies has the top overall internship program in the U.S. and the No. 1 program in accounting.
Accounting
Visual Lease to Be Acquired By CoStar Group
Visual Lease will become part of the CoStar Real Estate Manager platform, providing additional lease-related offerings to clients.
Taxes
Tax Lobbying Ramps Up in Q3 Ahead of Elections
Lobbyists this year have stressed the need for companies to engage early on next year’s expiring tax provisions.