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78% of business leaders expect ROI on generative AI investments in 1 to 3 years

August 28, 2024

As the cost-benefits of generative AI for businesses come into question, new data from KPMG suggest the largest companies have a timeline to ROI.

  • business and industry
  • practice management
  • technology and cybersecurity

IRS reminder: Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025

August 28, 2024

The Internal Revenue Service today issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025.

  • business and industry
  • career resources
  • personal financial planning
  • practice management

The role of managing age diversity in the workplace

August 28, 2024

Organisations should consider addressing management practices and age-inclusion policies to retain talent across generations.

  • business and industry
  • career resources
  • practice management

5 things I wish I knew as a CFO before starting a digital transformation

August 23, 2024

Brian May, CFO of food service company Nicholas and Company, offers a unique CFO perspective on the lessons he learned during a major digital overhaul.

  • business and industry
  • practice management
  • technology and cybersecurity

Connecticut Expands Paid Sick Leave Law in 2025 but Limits Employers’ Control over How it is Used

August 22, 2024

On May 28, 2024, Governor Ned Lamont signed legislation expanding Connecticut’s 2011 Sick Leave Law. The new legislation is effective on January 1st, 2025. The law covers more employees, expands the reasons under which employees may use paid sick leave, and reduces the required hours to accrue paid sick leave.

  • business and industry
  • personal financial planning
  • practice management
  • advocacy - state

Federal Judge Blocks FTC Noncompete Ban

August 22, 2024

A federal judge in Texas issued a permanent injunction against the Federal Trade Commission’s ban on noncompete agreements Aug. 20, two weeks before the controversial regulation’s effective date.

  • business and industry
  • practice management
  • advocacy - federal

A short history of AI in accounting

August 20, 2024

As artificial intelligence quietly transforms the accounting industry, we look at how it has evolved and the changes it has brought to everyday tasks, with this feature forming part of our special editorial report on the subject, in association with Sage.

  • business and industry
  • practice management
  • technology and cybersecurity

Many companies clueless about payment fraud, report claims

August 12, 2024

Half of surveyed organizations don’t know how often they’re hit by fraudulent payment schemes or what the cost is.

  • business and industry
  • practice management
  • technology and cybersecurity

NPAG releases data-driven strategies to boost accounting pipeline

August 01, 2024

NPAG’s Accounting Talent Strategy Report explores the latest pipeline data, root causes of the profession’s attrition, potential solutions, and next steps.

  • career resources
  • practice management
  • pipeline

Accounting firm Marcum, with major CT presence, to be acquired in $2.3B deal

July 31, 2024

Accounting firm Marcum, which has multiple offices in Connecticut, is being acquired by a publicly traded financial services advisory firm in a deal worth $2.3 billion, the company announced.

  • member news
  • practice management

Misconceptions and mismatches: Dealing with the staff shortage

July 31, 2024

Of all problems the tax and accounting profession faces, staffing seems the most persistent. Older and younger accountants alike are bailing, driven by a sometimes hard combination of perception and reality.

  • career resources
  • practice management
  • pipeline

Pipeline plan of action: Read the Accounting Talent Strategy Report

July 31, 2024

The National Pipeline Advisory Group (NPAG) published a report Wednesday a year in the making, calling for a professionwide effort aimed at bolstering the supply of accounting talent.

  • business and industry
  • practice management
  • pipeline

The 2024 Accounting Today Salary Survey

July 31, 2024

Compensation is always a hot topic in accounting, but it's gotten even hotter these days thanks to the difficulty the profession has in attracting and retaining talent.

  • practice management

IRS shares more warning signs of incorrect claims for the Employee Retention Credit; urges businesses to proactively resolve erroneous claims to avoid penalties, interest, audit

July 26, 2024

As the Internal Revenue Service intensifies work on the Employee Retention Credit, the agency today shared five new warning signs being seen on incorrect claims by businesses.

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

FinCEN estimates millions of hours will be spent seeking BOI access

July 22, 2024

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.

  • business and industry
  • practice management
  • boi

Forget the great resignation, we're now in our big stay era

July 20, 2024

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.

  • business and industry
  • career resources
  • practice management

Can ‘less is more’ apply to the working week?

July 18, 2024

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.

  • business and industry
  • career resources
  • practice management

NASBA CEO Elect Daniel Dustin Appoints Four to Leadership Team

July 18, 2024

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.

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

How the Accountant Shortage Is Rippling Through the Startup World

July 17, 2024

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

  • business and industry
  • practice management
  • pipeline

The time has come for TikTok accountants

July 15, 2024

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?

  • career resources
  • practice management
  • technology and cybersecurity