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Featured….
Binary Stream and Solver Announce Enhanced Partnership to Deliver Advanced Subscription Billing Suite
Armanino Secures Minority Investment From Further Global
Accounting Software Maker UBCC Acquired by Pioneer Accounting Group
IRS Kicks Off PTIN Renewal Season For 2025
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.
Taxes
IRS Issues Additional Guidance For the Sustainable Aviation Fuel Tax Credit
The IRS provided new guidance to taxpayers using the safe harbors for the SAF credit that were outlined by the agency last April.
Accounting
Binary Stream and Solver Announce Enhanced Partnership to Deliver Advanced Subscription Billing Suite
The enhanced partnership will help organizations using Microsoft Dynamics 365 Business Central manage the complete order to cash process.
Firm Management
Armanino Secures Minority Investment From Further Global
As a result of this strategic partnership with Further Global, the top 20 firm will operate under an alternative practice structure.
Accounting
Accounting Software Maker UBCC Acquired by Pioneer Accounting Group
In addition to UBCC and Lin Company, Pogosyan also owns Gandrud Financial and Archer Halliday.
Taxes
IRS Kicks Off PTIN Renewal Season For 2025
All current preparer tax identification numbers expire on Dec. 31, and the fee to renew or obtain a PTIN for 2025 is $19.75.
Small Business
Avalara Enhances Tax Automation on Purchases with AvaTax for Accounts Payable
The enhancement provides a comprehensive solution built into AvaTax that is designed to automate tax calculation and compliance for purchases.
Accounting
AICPA Names New Fellowship After Barry Melancon
The Fellowship has been established as a legacy of Barry Melancon’s 30-year leadership tenure at the AICPA & CIMA as well as his dedication, advocacy and future-focused commitment to the profession.
Taxes
Man Who Leaked Trump’s Tax Returns Was Taught to Take a Stand in St. Louis
Charles Littlejohn pulled off what’s been described as the greatest heist in IRS history and was sentenced to five years in prison.
Accounting
Avalara Named IDC Leader for European-Compliant Invoicing
Avalara has been positioned in the Leaders Category in the IDC MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor Assessment.
70% of Finance Professionals Plan to Invest in AI in Next 5 Years
60% of respondents who had already deployed an AI-related Finance project characterized the deployment as successful.
Accounting
Review of TimeCredit AI – The Accounting Technology Lab Podcast – Oct. 2024
Hosts Brian Tankersley, CPA, and Randy Johnston review TimeCredit AI, an AI assistant for technical accountants.
Mergers and Acquisitions
MS Consultants Acquires Probity Tax Recovery
The agency works with companies across the manufacturing and machinery, technology, food, pharmaceutical, mining, architecture, engineering, and agriculture industries, as well as with other professional service providers.
Firm Management
State CPA Society News and Updates – Oct. 2024
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Financial Reporting
Withum’s New Outsourcing Service Streamlines Compliance with European Corporate Sustainability Reporting Directive
According to the professionals in Withum’s Sustainability and ESG Practice, approximately 50,000 companies worldwide are required to report detailed sustainability performance in compliance with ESRS.
Tax Planning
TaxPlanIQ to Host Free Online Summit on How to Build a Tax Planning Empire
The event on Oct. 25 is geared toward firm owners looking to start offering or enhance their existing tax planning and advisory services.
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.
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.
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.
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.