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Midsummer update: CPA licensure program continues to add students

July 29, 2024

Experience, Learn and Earn (ELE), a program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure, has grown since it began offering online courses last semester.

  • pipeline

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

IRS enhances online accounts, adds more e-file business forms

July 25, 2024

The Internal Revenue Service and the Treasury Department reported further progress Thursday on offering more online tools and expanded taxpayer service, including six new features for the Individual Online Account, a new Spanish version of the Business Tax Account, and additional business forms that can be filed electronically.

  • federal tax

Curbing burnout: Advice for making sure you switch off from work

July 24, 2024

A clinical psychologist and leadership coach introduces tactics and mindsets to help leaders and professionals avoid burning out at work.

  • business and industry
  • career resources

Only 1% of CFOs have automated over three quarters of their financial processes: report

July 24, 2024

Although lots of resources and hype have gone towards digital transformations, few have used the technology to overhaul finance yet, according to McKinsey.

  • business and industry
  • technology and cybersecurity

CT now sitting on $4.1 billion budget reserve

July 23, 2024

Last budget surplus surged $300 million in final weeks of fiscal year.

  • advocacy - state

How Kamala Harris may shift the crucial tax debate in this year's election

July 23, 2024

The new presumptive presidential nominee for the Democratic Party carries a long paper trail in tax policy. That history may alter the debate in a pivotal election ahead of a looming deadline next year.

  • state tax
  • 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

The road to November: What tax pros' clients think about the election

July 21, 2024

Few American elections have had as much at stake as this year's, and clients have a lot on their minds concerning November.

  • advocacy - federal
  • federal tax

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

CFO Peer Audit: How is your progress on AI implementation and guidance?

July 19, 2024

Finance leaders from DUDE Products, e.l.f Beauty, Fireworks Over America and the Portland Pickles share how they are using AI within their finance teams.

  • accounting and auditing
  • technology and cybersecurity

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

Final and proposed regs. issued on retirement plan RMDs

July 18, 2024

The IRS on Thursday issued final regulations (T.D. 10001) that update the rules for required minimum distributions (RMDs) from qualified plans; Sec. 403(b) annuity contracts, custodial accounts, and retirement income accounts; individual retirement accounts and annuities (IRAs); and certain eligible deferred compensation plans.

  • personal financial planning
  • federal tax

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

‘Biggest IT failure ever’: Its impact and the lessons learned

July 18, 2024

As a faulty update from a cybersecurity firm knocks out IT systems across the world, Bill Mew examines what went wrong, what the impact was, and what lessons need to be learned.

  • technology and cybersecurity

72% of CFOs got a raise in 2023: report

July 17, 2024

That’s much more than the 50% of CEOs who said the same, according to new data from Compensation Advisory Partners.

  • business and industry

90% of CFOs say ESG issues will be a major focus over the next 5 years

July 17, 2024

A large majority of finance chiefs say they feel the heat on sustainability issues from multiple stakeholder groups.

  • accounting and auditing
  • business and industry

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

Warning for EBP audit firms: Service agreements creating headaches

July 17, 2024

An effort aimed at streamlining access to pertinent information for auditors of employee benefit plan (EBP) financial statements is creating concerns that auditors and firms may be subject to the risk of violations of laws, regulations, and professional standards, as well as increased financial risk.

  • accounting and auditing

IRS crypto enforcement could get tougher

July 15, 2024

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

  • technology and cybersecurity
  • federal tax