News
2023's major trends in accounting tech: Cloud, automation, AI and more
November 29, 2024
Since March, when the weekly Vendor Spotlight feature first launched, we have showcased 34 accounting solutions providers of all shapes and sizes — a wide variety of companies that, despite their differences, all focus on providing the tools that have become a necessity for any professional looking to guide their clients through the slings and arrows of this outrageous modern economy.
FinCEN extends BOI reports deadline for certain companies
November 29, 2023
Treasury's Financial Crimes Enforcement Network (FinCEN) issued a final rule (RIN 1506-AB62) Wednesday extending the deadline for companies created or registered in 2024 to file initial beneficial ownership information (BOI) reports to 90 calendar days from the original 30 calendar days.
95% of Accountants Satisfied With Current Role
November 20, 2023
Good pay, global job opportunities, and job security topped the list of reasons, according to a ShareFile survey of accountants.
Demand for GenAI Skills Explodes in 2023
November 20, 2023
More than 10,000 jobs seeking wherewithal in generative AI have been posted so far this year.
Gen Z Set to Outnumber Baby Boomers in the Workforce
November 16, 2023
Pivotal culture changes are ahead, as Gen Z workers become a more dominant presence in the workplace.
Companies With Flexible Remote Work Policies Outperform On Revenue Growth: Report
November 14, 2023
mployees frustrated with their CEOs’ return-to-office mandates have tried arguing that remote work is linked with greater productivity. That it helps the environment with fewer commutes and improves diversity by broadening the talent pool. Now, they may have another argument to get their CEOs’ attention: Higher revenue growth.
Connecticut Small Business Boost Fund – Low-Interest Loans Tailored to Small Businesses and Nonprofits
November 09, 2023
The average small business loan interest rates range from 5% to more than 11%. High-interest rates and limitations on traditional loans can impede small business owners’ ability to borrow money to reinvest in or expand their businesses. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services. Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund is focused on helping small businesses and nonprofits thrive. This low interest, fixed 4.5%, loan program provides access to flexible funding for capital expenditures and working capital and connects business owners with free support services.
61% of Finance Execs Not Using AI Yet: Weekly Stat
November 08, 2023
Finance leaders are more likely to be watching and learning about AI tools versus implementing them, according to Gartner.
Big companies have big hopes for 2024
November 06, 2023
The financial outlook of large-company leaders in business and industry continues to brighten.
Can AI work in harmony with HR and employment law?
November 06, 2023
Within HR and employment law AI will change the way we work, but it will not eliminate the need for expert, professional advice on specialist or complex issues.
78% of C-Suite Says Their Organization Uses AI Today: Weekly Stat
October 25, 2023
But a large majority of employees say their companies need to be more transparent about how it can improve workflows.
Connecticut Releases Guidelines for CPA Exam Credits of Candidates
October 25, 2023
Connecticut has passed four directives regarding CPA Exam credit retention.
3 Keys to Better Budgeting: Process, Technology, and Data
October 24, 2023
Working to implement an effective budgeting process sets CFOs up for a successful budgeting season.
Can you survive a cyberattack?
October 23, 2023
You're probably not as worried about cybersecurity as you should be. The threat to firms from cybercriminals is literally constant. There are three basic cybersecurity outcomes for firms in case of an attack. One is a disaster. Would your firm survive?
Tech with a touch of humanity
October 23, 2023
Technology has much to offer the practice owner, but the human aspect is still essential, says Sacheen Yadav.
Budgets for salary increases rise at historic rates
October 20, 2023
Budgets for employee salary increases have grown by an average of 4.4% in 2023, the highest increase in more than two decades, according to a long-running survey.
IRS announces withdrawal process for Employee Retention Credit claims; special initiative aimed at helping businesses concerned about an ineligible claim amid aggressive marketing, scams
October 19, 2023
As part of a larger effort to protect small businesses and organizations from scams, the Internal Revenue Service today announced the details of a special withdrawal process to help those who filed an Employee Retention Credit (ERC) claim and are concerned about its accuracy.
70% of Companies Use AI, Other Tech to Optimize Business Travel: Weekly Stat
October 18, 2023
Many companies are or plan on using new technologies to control and account for employee spending, new data shows.
John Raspante of McGowan Pro Features in 'Emerging Risks for Accountants' Podcast
October 16, 2023
John Raspante, risk management director at McGowan Pro, was featured in the Accounting Today podcast "Emerging risks for accountants." John and McGowan Pro Senior Vice President Stephen Vono spoke with Dan Hood on the new areas that are sparking claims against firms — and the tools they can use to protect themselves.
Workplace Trend: 58% of Hybrid Employees Are ‘Coffee Badging’
October 16, 2023
The new term highlights the friction between the return-to-office push and flexible work schedules.