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Featured….
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Contributors….
Randy Johnston
Brian Tankersley
Darren Root, CPA, CITP, CGMA
Becky Livingston
Ken Berry, JD
Webinars and CPE….
CPE Webcast Oct. 24. – Stop Resisting Change & Start Controlling It
CPE Webcast Oct. 22 – Balancing Automation and Personal Connection in this Digital Era
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.
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.
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.
Small Business
Dockworker Strike Shuts Down Ports, Threatens Big Hit to U.S. Economy
Many retailers had their products shipped earlier than usual and built up inventory in anticipation of a labor action.
Small Business
Texas Creates Business Courts to Ease Legal Workload
The new court system is designed to lighten the load of the rest of the state’s judicial system by putting complex business-oriented cases in front of judges with expertise in handling business law.
Accounting
FASB Looks to Update Rules on Share-Based Payments
The proposal would clarify guidance on share-based payments that an entity grants as consideration payable to a customer.
Taxes
IRS Offers Tax Relief to Farmers and Ranchers Hit by Drought in 41 States
Under the guidance, farmers and ranchers may have an extended period of time to replace their livestock and defer tax on any gains from the forced sales or exchanges.
Advisory
CPA Challenge: How Do You Build a Firm Culture?
What is firm culture? What makes it positive? How can a firm foster it? How do staff, clients and others react? This is a challenge for all firms, and a requirement for those that want to thrive.
Accounting
AICPA and NASBA Propose Changes to Uniform Accountancy Act
The Uniform Accountancy Act (UAA) provides state legislatures and boards of accountancy with a national model that can be adopted in full or partially adapted to meet the needs of each jurisdiction.
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.
Firm Management
Why Are Employers Having a Hard Time with Gen Z College Grads?
A new report shows that six out of 10 employers have fired or otherwise dismissed recent Gen Z college graduates they had hired only a few months ago when they graduated.
Firm Management
Vasquez & Company Celebrates 55th Anniversary as Largest Latino-Owned U.S. Accounting Firm
Founded in 1969, the firm has distinguished itself through its personalized approach and unwavering dedication to client service.
Artificial Intelligence
Executive Roundtable Meets in New York City
New York City was the place to be this week as the issue of responsible AI was discussed at the AICPA/CPA.com’s annual meeting.
Firm Management
Barnes Dennig and Greenwalt CPAs to Join Forces
The top 200 firm will be combining with Indianapolis-based Greenwalt on Jan. 1, expanding services for clients of both organizations.
Accounting
CPE Webcast Oct. 24. – Stop Resisting Change & Start Controlling It
Embark on a journey to explore the foundational principles of change management tailored specifically for the accounting profession.
IRS
IRS Reveals New Process For Third-Party Payers to Fix Erroneous ERC Claims
Third-party payers that filed prior ERC claims for multiple clients now have a way to “withdraw” those claims for clients that didn’t qualify.
Payroll
Remote Tax Roles Disappear as Job Seeker Demand Soars
A new analysis from staffing agency Distinct shows back-to-the-office push is at odds with the preferences of accounting professionals.
Auditing
AuditBoard Adds New Features to Risk Management Platform
Available immediately, the new enhancements will help audit teams improve efficiency and foster collaboration, the company says.
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.