2021 broke downward trend on restatements
Accounting Today
NOVEMBER 24, 2023
Financial restatements, which have generally been on a downward trend since 2003, spiked in 2021.
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Accounting Today
NOVEMBER 24, 2023
Financial restatements, which have generally been on a downward trend since 2003, spiked in 2021.
Accounting Today
OCTOBER 12, 2023
increase next year, the smallest gain since 2021, reflecting a significant cooling in the rate of inflation. Monthly checks for the more than 71 million people receiving retirement or disability benefits in the U.S. will get a 3.2%
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Insightful Accountant
APRIL 10, 2024
Accounting profession faces staffing shortages due to fewer graduates and an aging workforce. First-time CPA exam candidates dropped by 33% from 2016 to 2021. 42% of firms turn away work, 24% near burnout.
Accounting Today
APRIL 19, 2024
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
Oversight
OCTOBER 22, 2021
This time last year we talked about the significant shift in the world of Accounts Payable, as the department moves from a processing department to an essential financial analysis team.
Accounting Today
NOVEMBER 14, 2023
from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report. Average audit fees increased by 4.6%
Accounting Today
OCTOBER 2, 2023
Eleven states have created or expanded a fully refundable child tax credit following the expiration at the end of 2021 of the federal measure, which enabled families to get as much as $3,600 per child.
AvidXchange
NOVEMBER 18, 2020
As 2020 comes to a close, it’s time to build on all we learned and look forward to coming out stronger than ever in 2021. A recent IOFM benchmarking survey shows that 66 percent of invoices are being processed electronically, and in 2021 that number could rise to more than 70 percent, according to IOFM’s executive editor Jess Scheer.
Accounting Today
JANUARY 30, 2024
The city's department of finance audited Signature after the bank shuttered in March and found tax deficiencies for years 2015 through 2021 related to unreported income allocation and adjustments to investment and capital income.
Accounting Today
OCTOBER 12, 2023
The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.
Accounting Today
AUGUST 28, 2023
The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.
IMA's Count Me
SEPTEMBER 6, 2021
Contact Jennifer Booth: [link] Jennifer Booth’s bio: [link] LeaseQuery: [link] More information on LeaseQuery’s 2021 Lease Liabilities Index: [link] Jennifer Booth, VP of Accounting at LeaseQuery, has nearly 20 years of experience in her field. She spent the majority of her career at EY before joining the LeaseQuery team.
Accounting Today
JANUARY 19, 2024
The city cites corporation business tax "deficiencies" for 2017 through 2021 and is also seeking interest and penalties from the failed bank.
Accounting Today
SEPTEMBER 20, 2023
The top three states had an average change percentage of 215.76% between 2021 and 2022.
AvidXchange
JANUARY 1, 2021
As the new year kicks off, many of us feel a renewed sense of optimism and anticipation for the possibility of what lies ahead as we leave behind a tumultuous 2020 and start fresh in 2021. In fact, 68 percent of leaders believe their business is in a good position to grow in 2021. If you use accounts payable software.
Intuit
AUGUST 1, 2023
Kristen Steffen, a tax expert with TurboTax Live, who works remotely from Apex, North Carolina, has been on the Intuit team since 2021. She started her career at a Big Four accounting firm, but eventually realized the Big Four couldn’t match the work-life balance Intuit provides its employees.
Accounting Today
DECEMBER 13, 2023
billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021. Italy's finance police had claimed that the company failed to pay taxes on about €3.7
Accounting Today
AUGUST 25, 2023
The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.
AvidXchange
FEBRUARY 10, 2021
Here’s a summary of the key findings: Construction Industry Challenges Moving Into 2021 Project delays In 2020, nearly all contractors (83 percent) experienced project delays due to the pandemic. Experts expect the number of delayed projects to drop from the mid-20s to 18 percent by the time we’re halfway through 2021.
Xero
JUNE 6, 2022
As many of us continue to respond to the impacts of climate change, it’s important to consider how the small business landscape will change, not just for our small business customers but our accounting and bookkeeping partners too. The post Decarbonisation: What’s in it for accountants and bookkeepers? What’s driving this?
Accounting Today
AUGUST 22, 2023
The top three types had an average increase in gross collections of 39.86% between 2021 and 2022.
Accounting Today
OCTOBER 3, 2023
Hourly earnings growth slipped at small businesses last month to the slowest pace since September 2021, according to Paychex.
accountingfly
DECEMBER 23, 2020
Learn how to optimize your remote accounting team, by motivating and managing your remote staff In these modern times. Accountingfly is ready to help firms and companies hire permanent or temporary remote accountants. ” “Excellent class, every business owner in the accounting industry should be taking this course.
Accounting Today
DECEMBER 27, 2023
The residential landlord with thousands of properties across Germany has been under intense public scrutiny since October 2021.
Xero
JULY 20, 2022
I’m so thrilled to be back at Xerocon London connecting with so many of our accounting and bookkeeping partners and app partner community. In the UK, nearly a quarter (23%) of small businesses experienced more than six months of negative cash flow in 2021, a potential indicator of chronic cash flow stress.
AP Association
JANUARY 23, 2023
As a result, businesses are increasingly automating their accounts payable process to increase efficiency going into 2023. Read on to find out about the top accounts payable trends for 2023 that are aimed at preparing your AP team for survival in the mid-term and success in the longer term.
Cloud Accounting Podcast
DECEMBER 30, 2020
Interested in sponsoring the Cloud Accounting Podcast? DIAL (202) 695-1040 Need Accounting Conference Info? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Blake and David review their past predictions and make some new ones for 2021.
Xero
NOVEMBER 14, 2023
While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.
Dext
MARCH 5, 2021
Successfully finding the best accounting software for your practice can be one of the most difficult modern business problems to navigate. Choosing a new software can be a breakthrough moment for your firm.
Intuit
JUNE 23, 2023
Table of Contents What Is an Accountant, and What Do They Do? Careers in Accounting Work Environment Job Outlook Accounting Certification Interested in Tax or Bookkeeping? But what exactly does an accountant do? What types of accounting careers are available, and how is the work environment?
Xero
JUNE 19, 2023
Be the change you wish to see in the world With this in mind, Xero has created the better numbers program which provides football clubs with resources and guides to help manage their books, as well as mobilising our community of accounting and bookkeeping partners with advice to help them help their local clubs.
IMA's Count Me
OCTOBER 19, 2021
Contact Russ Porter: [link] Contact Margaret Michaels: [link] IMA ® (Institute of Management Accountants): [link] IMA's Ethics Center: [link] Members of IMA shall behave ethically. Welcome back to Count Me In, IMA's podcast about all things affecting the accounting and finance world. I'm your host Mitch Roshong. What did you find out?
Brigade
JUNE 7, 2023
The president of the company had been the “acting accountant” for 9 years. However, in 2021 he realized that his self-taught accounting methods would not get the company where it needed to go in terms of growth and having the time, clarity and ability to focus on strategic imperatives.
Xero
JULY 31, 2023
In fact, using three-monthly averages to smooth out monthly volatility, once you take into account price movements over the past year (by using national CPIs) Australia is the only country where small businesses are actually selling more goods and services than they were a year ago. y/y and 7.6% y/y respectively. days late in March 2023.
Xero
MAY 30, 2022
Here are five apps that have joined the new Xero App Store since launch in August 2021, and are helping small businesses seize the post-pandemic opportunity. . Datamolino streamlines and automates the accounts payable process. By automating the data capture process, Datamolino also saves accountants a huge amount of time and energy.
Xero
APRIL 20, 2023
It’s been a tough year for many of you across the accounting and bookkeeping industry – supporting clients through turbulent economic times, whilst facing your own challenges. In the meantime, read more about our recent brand campaign created for accountants and bookkeepers here. percent, compared to a drop of 3.4
Blake Oliver
JANUARY 10, 2023
The pilots are blaming the accountants! Not the accountants in the finance department, though. As discussed on Episode 312 of the Cloud Accounting Podcast , pilots blame former CEO Gary Kelly , who worked as an audit manager at Arthur Young before joining Southwest as a controller. But Kelly failed to invest in technology.
Xero
FEBRUARY 5, 2023
In June 2021, CommBank developed Stream Working Capital in partnership with Waddle to give businesses access to funds using their outstanding invoices as loan security. This information is prepared without taking into account your individual and/or business needs and objectives. Credit provided by the Commonwealth Bank of Australia.
Xero
APRIL 9, 2024
One reason for this result is down to a key characteristic of the small businesses in the XSBI data set – by definition they all use at least some form of technology (like Xero) to help run their business, and they have an accountant or bookkeeper too. How did the pandemic impact productivity?
Cloud Accounting Podcast
MARCH 8, 2024
Blake and David meet with Chris Vanover, President of CPAClub, about the recent $2 million PCAOB fine against Withum for poor audit quality on many 2021 SPAC audits. Sponsorships Are you interested in sponsoring the Cloud Accounting Podcast? Need Accounting Conference Info? Need Accounting Conference Info?
MineralTree
JANUARY 19, 2023
As the top back-office digitization priority for the last two years, accounts payable is a great example of a tool that is trusted amongst finance teams to simultaneously target multiple areas of concern including security, process inefficiencies, and disorganized AP workflows. of their annual revenues. To learn more, schedule a demo today.
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