Skip to main content

News

80% of women feel pressure to overperform at work

March 28, 2024

Caba’s recent research reveals the ongoing challenges that women face in the workplace, such as difficulty setting boundaries, reluctance to take time off and feeling pressure to overperform. Caba suggests steps that organisations should take to make the accounting profession more inclusive.

  • business and industry
  • diversity
  • practice management

Organizations moving forward with generative AI despite concerns, survey shows

March 28, 2024

Finance leaders are still concerned about the expanded use of generative AI programs, such as ChatGPT and Microsoft Copilot, but more than a quarter of them say that hasn't stopped their organizations from experimenting with the technology, according to a new AICPA & CIMA survey.

  • business and industry
  • practice management
  • technology and cybersecurity

Who calls the shots – the accountant or the client?

March 28, 2024

When a client wants a meeting at their premises but that isn’t the way the accountant likes to work, who should have the final say?

  • practice management

Generative Artificial Intelligence Solutions… Understand Your Risks

March 27, 2024

The artificial intelligence (“AI”) solutions such as OpenAI’s ChatGPT continue to gain popularity. Many CPA firms seek to leverage the use of generative AI to accelerate innovation and increase productivity. As the use of any AI technology is very organization specific, CPA firms need to obtain a solid understanding of their needs and objectives and gain an understanding of how AI works before they can begin to identify what, if any, AI opportunities are the right fit for their firm.

  • practice management
  • technology and cybersecurity

M&A Pros Confident Deals Will Surge

March 27, 2024

With interest rates taming and the economy doing well, pent-up acquisition demand will likely be unleashed this year.

  • practice management
  • emergency assistance and practice continuation

Recruit, Engage and Retain: Create a Workplace Where Your Employees Will Thrive

March 27, 2024

The WIIFM, the age-old acronym for “What’s In it For Me,” is the mantra of today’s workforce, whether for prospective candidates or long-term employees. Firms are being pressed into looking for creative ways to attract talent and to retain that talent. And with the cost of onboarding a professional rising to the tens of thousands, firms are eager to maximize their return on investment.

  • business and industry
  • career resources
  • practice management

A firm grasp on reality: M&A activity expected to rise

March 26, 2024

With interest rates dropping, mergers and acquisitions (M&A) professionals are expecting the volume of deals to rise over the next six months.

  • practice management
  • emergency assistance and practice continuation

Succession a big factor in accounting M&A activity

March 25, 2024

The current spate of mergers and acquisitions across the accounting industry is a result of several dynamics, including succession plans and a Covid hangover, according to AJ Chambers director James Gosling.

  • practice management
  • emergency assistance and practice continuation

Department of Consumer Protection Working to Verify CPE Compliance Certificates

March 22, 2024

In response to reports of incidents of individuals altering PDF documents used to verify CPE compliance with the state of Connecticut, the Department of Consumer Protection has been working to validate certain CPE certificates, including some issued by the CTCPA. We have been contacted to verify information for current investigations and have been informed by the Department of Consumer Protection that several more inquiries are forthcoming.

  • career resources
  • practice management

Enforcement, voluntary programs yield over $1 billion from ERC claims

March 22, 2024

The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ERC voluntary disclosure program (VDP) and claim withdrawal process, officials said Friday.

  • business and industry
  • practice management
  • advocacy - federal
  • federal tax

Crypto Fraud Losses Rose to $3.9B in 2023, a 53% YoY Increase: FBI

March 20, 2024

Americans made over 43,000 complaints to the FBI’s Internet Crime Center about potential cryptocurrency scams last year.

  • business and industry
  • practice management
  • technology and cybersecurity

Seven warning signs of incorrect Employee Retention Credit claims for businesses to review as key March 22 deadline approaches

March 20, 2024

To counter promoters that marketed misleading information about the Employee Retention Credit (ERC), the Internal Revenue Service urged businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.

  • business and industry
  • practice management
  • advocacy - federal
  • federal tax

The worst of times: Issues in accounting in 2024

March 20, 2024

It's a great time to run an accounting firm — except for how hard it is.

  • practice management

Entrepreneurship in Accounting: A Comprehensive Guide to Buying Your Own CPA Firm

March 19, 2024

There are many reasons why you may want to purchase an accounting firm. Perhaps you are looking to increase your geographic reach, expand into a new area of practice, or add quality staff. Regardless of the reason, this article can help you navigate the process and help reduce the risk when purchasing an accounting firm.

  • career resources
  • practice management
  • emergency assistance and practice continuation

Trust issues: How earning employee trust can pay dividends

March 12, 2024

Employees who feel trusted by their employers feel empowered to do their best work. Improved employee output can, in turn, fuel consumer trust.

  • business and industry
  • practice management

6 opportunities every firm should consider

March 11, 2024

The burden of choice is very real for accounting firms these days. From the constant stream of new technologies and the proliferation of new firm models, to the emerging demand for services in CAS, ESG, cannabis and beyond, one of the most critical choices firm leaders can make is which to pursue, and which to ignore.

  • practice management

No retreat from DEI

March 11, 2024

The American Institute of CPAs' Crystal Cooke talks about why the perception that companies are scaling back their diversity efforts is wrong, and how accounting can move forward in its pursuit of diversity, equity and inclusion.

  • business and industry
  • diversity
  • practice management

Economic optimism, hiring plans rise despite continued concern about inflation

March 07, 2024

As winter fades into the spring, optimism is on the rise — 43% of finance executives share a sunnier outlook on the U.S. economy, according to the latest quarterly survey released by AICPA & CIMA.

  • business and industry
  • practice management

DOL Enacts New Independent Contractor Test

March 06, 2024

The Department of Labor has announced a six-factor test for determining whether a worker is an independent contractor or an employee under the Fair Labor Standards Act. This new rule takes effect on March 11, 2024.

  • accounting and auditing
  • business and industry
  • practice management
  • advocacy - federal

Federal court rules Corporate Transparency Act unconstitutional

March 05, 2024

On March 1, 2024, Judge Liles Burke of the U.S. District Court in Huntsville, Alabama, held that the Corporate Transparency Act — and the beneficial ownership information reporting mandate it includes — is unconstitutional, because it exceeds the powers granted to Congress by the Constitution.

  • business and industry
  • practice management
  • boi