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Featured….
CPE Webcast Nov. 14. – Selecting the Right Payroll Partner for Your Business Growth
Avalara Announces New AI-based Tariff Code Classification Solution
AICPA Urges FinCEN to Extend Automatic Disaster Filing Relief to FBAR and BOI Reporting
Pending Home Sales Rose 0.6 Percent in August
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….
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.
Small Business
Dockworkers Union to Suspend Strike Until Jan. 15 for Negotiations
Accounting
CPE Webcast Nov. 14. – Selecting the Right Payroll Partner for Your Business Growth
In this webinar, we’ll dig deep into the key differences between a payroll vendor and a payroll solutions partner, the impact of each on your payroll business, and how to spot the difference before you sign a contract.
Accounting
Avalara Announces New AI-based Tariff Code Classification Solution
Automated Tariff Code Classification is a cost-effective solution that helps supply chain and logistics providers, e-retailers, and global marketplaces calculate customs and duty taxes and …
Accounting
AICPA Urges FinCEN to Extend Automatic Disaster Filing Relief to FBAR and BOI Reporting
The AICPA has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) urging them to implement a policy to offer automatic filing extensions for …
Small Business
Pending Home Sales Rose 0.6 Percent in August
Year-over-year, the West registered growth, but the Northeast, Midwest and South declined.
Small Business
Healthcare Costs Hit Post-Pandemic Highs
More than half of employers (52%) plan to implement programs that will reduce total costs, and just as many (51%) intend to adopt plan design and network strategies…
Firm Management
Baker Tilly Acquires RPA Services Provider Alirrium
The deal strengthens the top 10 firm’s capabilities in robotic process automation, AI, and machine learning.
Payroll
Paychecks Increased 4.7% and 143,000 Jobs Added in September, Says ADP
The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market.
Accounting
ABUKAI Launches Expense Management for Apple Vision Pro
ABUKAI, a provider of innovative expense management solutions, has announced that its business application is now available for Apple Vision Pro devices.
Staffing
Professionals on the Move – Oct. 2024
Professionals on the Move is a collection of staffing, promotion and leadership announcements from around the profession.
Firm Management
Software Licensing and Privacy Policies – The Accounting Technology Lab Podcast – Oct. 2024
Hosts Brian Tankersley, CPA, and Randy Johnston discuss how changes in software licensing and delivery models can affect client data and privacy policies.
Payroll
Most Say Pressure to Tip Has Gone Too Far, Poll Finds
Tipping expectations have gotten out of control, a new Upgraded Points study found, leaving some customers reeling from “tipflation.”
Accounting
AICPA News – Oct. 2024
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
Accounting
CLA to Open Two New ‘Connection Centers’ For Training and Team Building
The new training and development spaces will be located in Phoenix and Charlotte, NC, in addition to one opening near Minneapolis.
Artificial Intelligence
Crowe Is Expanding Its AI Infrastructure
The Crowe AI Center of Excellence will foster an AI ecosystem for collaboration with clients and be led by principal Doug Schrock.
Firm Management
Citrin Cooperman Has Nine New Partners
“This dynamic group of leaders will serve the firm well in 2024 and beyond,” said Alan Badey, CEO of Citrin Cooperman Advisors.
Firm Management
S.J. Gorowitz Acquires Reed, Quinn & McClure in Georgia
The two Georgia-based CPA firms are joining forces under the S.J. Gorowitz umbrella, broadening their ability to serve clients.
Accounting
Netgain Unveils Fixed Asset Accounting Solution For ERPs
NetAsset integrates with all ERP systems, streamlining processes with AI-powered automation and compliance, Netgain says.
Firm Management
Withum Hosts New Innovation Hub-Like Office Open House in Providence, RI
Withum, a nationally recognized CPA and advisory firm with 23 offices and annual revenue of $578M, recently hosted a new-office open house event at the Gateway Center complex in the heart of downtown Providence. Located at 15 Park Row West with scenic city skyline views, the firm’s newly designed office marks a new workspace era that prioritizes a modern, collaborative and innovative environment for team members and clients alike.
A ribbon cutting marked the official renovation completion and opening of the new office, which features an open-concept floorplan, workspaces and conference rooms designed to foster teamwork and face-to-face and virtual communication. Sit/stand desks promote employee well-being, while nautical accents throughout the space pay homage to Rhode Island’s rich maritime heritage. Large windows provide ample natural light and stunning views of the city, including the Rhode Island State House.
Withum Partner in Charge Kevin Hundley expressed his gratitude for the team’s hard work in making a smooth transition to the new office a success. “We are absolutely thrilled to ‘officially’ open our new office doors and welcome our clients and friends of the firm to our ‘new home,’” Hundley said. “This new space reflects our commitment to exceptional client service and creating a dynamic, amenity-rich environment for our hard-working team members. We are excited to continue growing our presence in the region and contributing to the local community at large.”
As part of the open house, guests enjoyed tours of the new space, networking opportunities and delicious local summertime delicacies, including clam cakes and chowder, stuffed quahogs, fish and chips, doughboys and hamburger and chicken parm sliders. Summer Swag bags filled with beach towels, koozies and sunscreen rounded out the summer-themed event.
Withum’s move to the four-story Gateway Center complex marks the creation of an innovation hub-like setting for the firm in the city’s thriving downtown district, offering ease of highway and mass transit access. Withum, which has maintained an active presence in the region for many years through its involvement in various community and business organizations, relocated its office as part of an ongoing expansion within New England.
In addition to providing a wide range of accounting, tax and consulting services to clients of all sizes, Withum’s Providence office areas of specialization include real estate, cannabis, law firms, construction and not-for-profit organizations.
Established in 1974, Withum is a national top-ranking public accounting firm providing advisory, tax and audit services to businesses and individuals on a local-to-global scale. Headquartered in Princeton, NJ, Withum has a presence in major financial centers across the country. Withum is an independent member of HLB, the global advisory and accounting network.
Firm Management
Ascend Adds Lucas Horsfall in California
Accounting firm Lucas Horsfall will add 15 partners and about 125 professionals to private equity-backed Ascend’s team.
Accounting
Zone & Co Launches ZoneBilling AI Assistant
The AI Assistant allows users to ask real-time questions and receive tailored responses by drawing from the vast ZoneBilling Knowledge Base and external resources.
Taxes
IRS Extends Tax Deadlines Until May For Helene Victims
The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee, and Virginia, qualify for tax relief.
Financial Planning
Avantax Acquires SEP Financial Services
Avantax has acquired SEP Financial Services, which was founded by veteran independent financial advisor Stephen E. Plain.
Sales Tax
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
The Indirect Tax Suite is also fully aligned with SAP’s clean core strategy, ensuring businesses can maintain complete and continuous compliance across all tax and regulatory processes without compromising the integrity of their ERP systems.
Taxes
IRS Draft Form 7217 Ready For Public Comment
The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.
Technology
Solver Releases xFP&A Construction, SaaS and Senior Living Solutions Models to Meet Industry Challenges
Solver has released three industry solutions designed to improve productivity in construction, software-as-a-service (SaaS), and senior living companies.
Taxes
IRS Looks to Improve Communication With Large Corporations During the Appeals Process
The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.
Technology
Deloitte and Pramata Partner for Contract Management and Analytics
The organizations’ mutual clients can leverage Pramata’s simple, Generative AI-powered contract management and analytics solution with Deloitte’s corporate Risk, Regulatory, and Forensic advisory services
Accounting
Public Accounting Salary Projections For 2025, According to Staffing Firm LHH
Base salary expectations for public accounting roles in 2025 look to be higher than in LHH’s pay outlook for 2024.
Firm Management
Prosperity Partners Adds Wiener and Garg in Maryland
The Chicago-based accounting firm has made several acquisitions since receiving private equity funding from Unity Partners last year.
Mergers and Acquisitions
Sage Acquires Supply Chain Software Platform Anvyl
With this acquisition, Anvyl’s supply chain software will allow Sage to deliver a supply chain execution solution to SMBs.
Firm Management
BDO USA Adds 56 New Principals
This latest class of rainmakers at the top six accounting firm is slightly smaller than the 60 principals BDO added last year at this time.