News

Entities seeking access to beneficial ownership information (BOI) will spend over 8.7 million hours filling out paperwork in the first year and over 3.6 million in the second year, the Financial Crimes Enforcement Network (FinCEN) said in an estimate Monday.

As the adage goes, the grass isn't always greener. This rings true for American workers who have started shunning the idea of the Great Resignation, AKA leaving their jobs in droves, in favor of remaining in their current roles.

Is it possible to get as much work done in four days as five? The answer may not be what you expect and the benefits for staff are undeniable.

The National Association of State Boards of Accountancy (NASBA) President and CEO elect Daniel J. Dustin, CPA, has selected Kent A. Absec, Brenner Allen, Esq., William A. Emmer, CPA, and Sedrik Newbern to join the leadership team at NASBA, effective August 1, 2024. These changes to leadership follow the retirement of current NASBA President and CEO Ken L. Bishop.

The are fewer CPAs, which is a problem for entrepreneurs, but while some lament the loss, others are looking to fill it.

Gen Z accountants are using the popular social media platform TikTok to gain clients and increase their brand awareness. Should you be setting up an account?

What can be done to make the finance profession more attractive to the next generation of students? AccountingWEB’s Jake Smith speaks to Cassie Petrie, MD for SMB in EMEA at SAP Concur about tackling the talent shortage and the role technology can play.

Establishing a safe and inclusive workplace for LGBTQ+ employees is an essential part of promoting a culture of respect, innovation, and productivity within an organization. Finance leaders and executives are pivotal in championing key inclusion initiatives and setting precedents within their firms.

In the midst of the generative Artificial Intelligence (AI) hype, automation often takes a backseat, with the assumption that AI will solve our problems. However, effective automation and AI implementation are impossible without proper processes, technology, and organization. Keeping this in focus, we’ll explore tools to help your firm achieve its goals and foster a healthy work-life balance for your team.

With no grand announcement, Connecticut quietly expanded employee’s paid sick time benefits. The bill greatly expands the law’s reach.

Molly Macfarlane talks to Kevin Drew, managing director of Ascentant Accountancy, about his firm’s ongoing support for the LGBTQ+ community and the importance of sustained support beyond Pride Month.

Many companies desire flexible spaces and are unlikely to return to a private office.

Most remaining employee retention credit (ERC) claims show signs of fraud or errors, and the IRS will deny tens of thousands of the most obvious erroneous claims in the coming weeks, the Service said Thursday.

About a year ago at AICPA & CIMA ENGAGE, small firm owner Amber Goering, CPA, CGMA, teamed up with David Wurtzbacher, the founder and CEO of a private-equity-backed strategic partner for regional firms, to lead a panel discussion titled, "Small Firm Succession — Are You Ready for the Next Wave of M&A?"

“Write a 1,200-word article regarding how CPA firms can manage risk related to the use of ChatGPT and other forms of generative AI.” This easy ChatGPT request would have resulted in the production of this month’s column in a far more expeditious manner than writing one from scratch, but would it have been as informative or accurate? ChatGPT is an example of generative artificial intelligence (AI), and its popularity has soared since its introduction to the public in November 2022. Given ChatGPT’s versatility, speed, and ability to engage in human-like conversations, it’s easy to see why.

According to the Society for Human Resource Management, 4 percent of organizations now offer unlimited paid time off. That number may continue to rise as startups and large organizations alike continue experimenting with this policy.

Finding qualified staff is the most pressing concern of accounting firms except sole practitioners, according to survey results released by the AICPA's firm practice management section. Sole practitioners who participated in the biennial Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey chose "keeping up with the changes and complexity of tax laws" as their top challenge.

On second thought, call it the Great Regret. Workers who quit their job during the Great Resignation are significantly less satisfied than their colleagues who stayed, according to a new survey by The Conference Board. Their overall job satisfaction is down 5.6 percentage points.

Solving accounting's pipeline problem will require effort from everyone in the profession, according to members of the National Pipeline Advisory Group — particularly employers.

For Sue Coffey, questions about the talent pipeline for the accounting and finance profession have become as common as 100-degree days in Las Vegas.