News
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.
Why should CPAs understand ChatGPT?
October 14, 2023
Mfon Akpan, CGMA, DBA, an assistant professor of accounting at Methodist University, and Scott Dell, CPA, DBA, an assistant professor of accounting at Francis Marion University, explain why CPAs and other professionals can be left behind professionally if they don't spend time learning about tools such as ChatGPT. They talk about productivity gains, the competitive divide that could develop, and how, in the short term, more training is needed to fully harness generative AI.
FinCEN proposes BOI reports deadline extension for certain companies
October 06, 2023
Treasury's Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) on Wednesday that would extend the deadline for companies created or registered in 2024 to file their first beneficial ownership information (BOI) reports. The NPRM (RIN 1506-AB62) would provide 90 days for those companies to file initial reports rather than the original deadline of 30 days from the earlier of the date on which the company receives actual notice that its creation or registration has become effective or the date on which the secretary of state first provides public notice that the company has been created or registered.
LinkedIn taps AI to make it easier for companies to find job candidates
October 03, 2023
The platform plans to add AI to help recruiters, sales professionals’ searching for prospects, and those conducting B2B marketing campaigns.
90% of Employees Say Well-Being Benefits Are Critical Factor In Choice of Company
October 02, 2023
Allocations toward employee well-being are crucial as it is directly connected to productivity, engagement, and retention.
Inside the cyberattack at Prospect Medical Holdings' CT hospitals
October 01, 2023
The August cyberattack was far more debilitating than hospital officials publicly acknowledged. Now, it threatens a sale of the hospitals to Yale.
The top apps for accountants for 2023
September 28, 2023
When Accounting Today began presenting this annual selection of technological tools several years ago, "apps" were generally small, limited solutions, often single-purpose, that were primarily meant for mobile use on a phone or tablet; on the rare occasions when they were versions of larger software tools, it was understood that they would be cut down to a minimal number of functions.
Enjoying work is more important than pay, global report says
September 26, 2023
Many people have an unhealthy relationship with work, the report shows. It offers recommendations for business leaders to help employees feel more fulfilled.
Payments Automation is Saving Finance Teams 500 Hours Per Year
September 25, 2023
Technology for payment processing is one remedy for overworked finance teams, according to new data.
80% of Large Enterprise Finance Teams Will Use Internal AI Platforms by 2026
September 19, 2023
If implementing generative AI can make the finance function more agile, it has the potential to be a source of competitive advantage, says Gartner.