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Featured….
Role of Financial Controller on the Cusp of ‘Significant Change,’ EY Survey Finds
Thomson Reuters Teams Up with Validis and Unveils Suite of AI-Powered Solutions For Auditors
Accountants Taking Leading Role on AI as Investments Increase
FASB Aims to Clarify Certain Aspects of Hedge Accounting Rules
Contributors….
Randy Johnston
Darren Root, CPA, CITP, CGMA
Becky Livingston
Garrett Wagner
Richard D. Alaniz, JD
Webinars and CPE….
[CPE] Balancing Automation and Personal Connection in this Digital Era
[CPE] What to Expect in the Upcoming Tax Season
Events….
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.
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.
First Glimpse of 2025 Projected Salary Ranges For Public Accounting
Staffing firm Atrium recently put out its 2025 Salary Guide, which includes projected pay ranges for seven roles in public accounting.
Be a Better Boss: Leading with Logic and Love to Build a Staff That Sticks
Consider what emotional intelligence can do for your accounting firm’s team and your firm’s culture broadly.
2024InnovationAwards
The 2024 Tax and Accounting Technology Innovation Awards Announced
CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession.
Taxes
Attorney Flagged for Tax Evasion in New Case
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
Accounting
Role of Financial Controller on the Cusp of ‘Significant Change,’ EY Survey Finds
Nearly nine in 10 controllers expect their duties to change dramatically by 2030—but aren’t exactly sure what that change entails.
Auditing
Thomson Reuters Teams Up with Validis and Unveils Suite of AI-Powered Solutions For Auditors
The first tool to debut in the suite, Audit Intelligence Analyze, employs Al and machine learning to enhance both audit quality and efficiency.
Accounting
Accountants Taking Leading Role on AI as Investments Increase
A new ACCA report reiterates that AI is a tool to enhance the skills of accounting professionals rather than replace them.
Accounting
FASB Aims to Clarify Certain Aspects of Hedge Accounting Rules
The proposed ASU issued by the FASB on Sept. 25 addresses five issues in the standard-setting board’s hedge accounting guidance.
Auditing
PCAOB Doles Out $165,000 in Total Fines to Five Audit Firms
Four firms were caught up in an enforcement sweep, while the fifth firm was sanctioned for failing to timely file PCAOB Form 3.
Taxes
Trump and Harris Hit Must-Have States as They Clash Over Economic Visions
Kamala Harris was in Pennsylvania Sept. 25 while Donald Trump was in North Carolina—battleground states crucial for victory.
Accounting
AICPA & CIMA Launches Registered Apprenticeship for Accounting and Finance Associate Program
The program is designed to enhance the accounting talent pipeline by offering an “earn and learn” opportunity at the entry level.
Accounting
FloQast Debuts New Platform For Its Entire Solutions Portfolio
The Accounting Transformation Platform includes solutions such as FloQast Compliance Management, FloQast Close, and FloQast Ops.
Accounting
BILL Offers New Payment Capabilities For Accountants and SMBs
BILL rolled out a new international payment option and enhanced its Instant Payment and Invoice Financing offerings.
Payroll
Multiplier Announces New Comprehensive Global Payroll Product
Global Payroll simplifies and automates payroll management across various countries and currencies, Multiplier says.
Taxes
Senators Aim to Raise Tax Deduction for Small Businesses
Legislation introduced on Sept. 25 by three Senate Democrats would increase the startup tax deduction from $5,000 to $50,000.
Small Business
43% of Americans Have at Least One Unused Gift Card, Survey Finds
Those unused gift cards, gift vouchers or store credit add up—to $244 per person on average, according to Bankrate.
IRS
IRS Revises FAQs on Premium Tax Credit
The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.
Human Resources
Here Are the Biggest Gripes HR Hears From Employees
A new survey from human capital management technology provider isolved reveals some of the top complaints HR deals with.
Firm Management
Majority of CEOs Think Offices Will Be Filled Again Five Days a Week By 2027
A new report from KPMG says CEO sentiment related to a full return-to-office has soared—from 34% earlier this year to 79% now.
Accounting
AICPA Looks to Amend Standard on Financial Statement Preparation
Under the plan, CPAs wouldn’t have to apply AR-C Section 70 when financial statements are prepared as a byproduct of a CAS engagement.
Small Business
Consumer Confidence Fell Most in Three Years in September
The recent slowdown in the labor market, alongside persistently high costs of living, is weighing on consumer confidence.
Payroll
Americans’ Pay Hasn’t Fully Recovered From Inflation, Study Finds
Since Jan. 1, 2021, prices have risen 20.0%, compared with a 17.4% increase in wages over the same period, according to Bankrate.
Payroll
How to Avoid Scams While Job Hunting
In a tighter job market, more people may be willing to overlook fraud warning signs because they are so eager to find a job.
Auditing
Digital Disruption and Climate Change Are the Fastest-Growing Risks for Companies Worldwide, Report Says
Neither digital disruption nor climate change were named among the top five areas where internal audit functions allocate the most time and effort, with both ranked in the lower half of audit priorities.
Payroll
First Glimpse of 2025 Projected Salary Ranges For Public Accounting
Staffing firm Atrium recently put out its 2025 Salary Guide, which includes projected pay ranges for seven roles in public accounting.
Taxes
IRS Posts New Per Diem Tax Deduction Rates For Business Travel
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Taxes
Tax Professionals Might Be Contacted About IRS Survey
Tax pros could be randomly selected to take part in a voluntary survey to help the IRS improve services to practitioners and taxpayers.
Firm Management
Be a Better Boss: Leading with Logic and Love to Build a Staff That Sticks
Consider what emotional intelligence can do for your accounting firm’s team and your firm’s culture broadly.
Firm Management
REDW Adds Hatcher Financial in Arizona
Hatcher Financial has joined REDW Wealth LLC, an SEC-registered investment advisory firm subsidiary of REDW Advisors & CPAs.
Accounting
Opinion: CPAs Need to Save the CPA—And Soon
Instead of leaders continuing to wring their hands about the CPA shortage year after year, the time has come for aggressive action.
Taxes
Code for America’s Free Tax Filing Coming to More States
Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.
Accounting
Melio Launches New Features for SMBs and Accountants
These new premium features enable users to automate processes, boost control of payments, and improve cash flow management.
Small Business
Intuit Launches FP&A and Management Solution for Growing Businesses
Intuit launched Intuit Enterprise Suite on Sept. 17 to provide right-sized solutions for growing, complex businesses that need advanced reporting, financial planning and analysis (FP&A), and business management tools, all with a single login.
Payroll Software
ADP Launches Lyric, an AI-Enabled Global HR Platform
Today’s tech-savvy employees expect personalized, real-time service to help them solve issues and make informed decisions.
Accounting
Quadient Receives Award for AP Automation
Cloud-based Quadient AP automates end-to-end AP processes for finance teams and is part of Quadient’s digital automation platform.