the avalara accountants confidence report points to difficulties.
via avalara
nearly 50 percent of accountants surveyed believe the outlook for over 80,000 small business clients they represent will turn sour over the next 12 to 18 months, according to a new 卡塔尔世界杯常规比赛时间 study conducted with avalara, the sales tax automation provider.
fielded during the 2024 tax season, the survey shows accounting professionals flashing warning signs around key business issues, leading with clients’ abilities to hire and retain employees, manage costs and price increases, and keep up with technology changes ushered in by artificial intelligence. read more →
differing definitions are only part of the problem.
by 卡塔尔世界杯常规比赛时间 research
the inflation reduction act endowed the irs with almost $80 billion to improve customer service and beef up enforcement. congress later reduced the amount to $57.8 billion, with $24 billion earmarked for enforcement.
in no time at all, there was misinformation bouncing around social media and conservative podcasts, claiming that the ira would result in more audits of middle-class taxpayers.
the enforcement resources had no such designation. to allay fears, in 2022 the secretary of the treasury directed the irs commissioner not to use any of the additional resources to increase the audit rate of small businesses or households earning below $400,000. read more →
here are 10 topic ideas that can appeal to individuals and businesses, offering value through insight, guidance and the latest industry trends. read more →
proven methods for staying out of trouble and getting the numbers right for founders, investors and regulators.
by anthony venette
valuing startup companies accurately has long been a challenge for legal, financial and regulatory professionals because data is scarce and projections are inherently speculative. take the recent case of hyde park venture partners fund iii l.p. v. fairxchange llc. this case has garnered significant attention as the delaware court of chancery was tasked with determining the fair value of fairxchange, a nascent company with a business model focused on revolutionizing the securities exchange landscape.
valuing a startup is a nuanced exercise, often requiring a blend of creative thinking and rigorous financial analysis. unlike established businesses that have predictable cash flows and extensive financial histories, startups have uneven cash flow and minimal operating histories. so, their valuation is typically based on future potential rather than past performance. the lack of historical data forces both investors and courts to rely heavily on projections and assumptions, which can vary significantly based on the valuation method used. if you’re working with (or for) a fast-rising startup, you don’t want to be cavalier about the company’s valuation. read more →
“when we take good care of our people and ourselves, we can drive success at all levels.”
by adam herman
market leader, wipfli llp
herman
wellness is more than just a powerful tool for retention and recruiting—it’s one of the most critical issues for the accounting profession to tackle moving forward. it’s also a subject that i’ve been passionate about for many years.
so when i had the opportunity to participate in a panel discussion highlighting practical approaches to wellness at the allinial global executive team conference in may, i jumped at the chance to share ideas and experiences with fellow panelists demetrice branch, chief people officer at weaver, and mike giuli, cio at cherry bekaert.
our panel moderator, donny shimamoto, opened the discussion with an intriguing observation: innovation doesn’t always have to be driven by technology. wellness is a way for firms to innovate. keeping that in mind, we explored three different dimensions of wellness and how allinial global firms are incorporating these aspects into their wellness initiatives.
the potentials and requirements of artificial intelligence are still a massive unknown. so far, we’re getting only a distant whiff of what’s to come.
yes, ai is already serving us with doing research, composing letters, filling in blanks and taking best guesses. but turning it into a multifunctional workhorse is still a workhorse in progress.
while the ubertechies are working on that, the rest of us should be figuring out how we have to change to accommodate ai, to avoid its pitfalls and make best use of its potential. read more →
what is artificial intelligence good for? we still don’t know. we know it’s going to be good for a lot, but so far, we’re using it only for a little – just a taste of what’s to come.
25 percent of cfos will be looking for staff accountants. personiv
can cpa firms take advantage?
by 卡塔尔世界杯常规比赛时间 research
cpa firms have long been aware of the worsening talent shortage. fewer students are majoring in accountancy. fewer are pursuing cpa certification. and baby boomer leaders of accounting firms are retiring more often than ever.
now financial leaders in the corporate sector are feeling the pinch. a survey issued by personnel agency personiv finds that 83 percent of senior corporate leaders recognize the accounting talent crunch, way up from 70 percent in 2022 and 63 percent in 2020. and 10 percent say the shortage is getting worse.
no surprise, then, that 90 percent of cfos who responded to the survey say they have outsourced at least some accounting functions. read more →
cornerstone study forecasts smooth advances in both employment and salaries for accountants through 2031
cornerstone studies by 卡塔尔世界杯常规比赛时间 research provide decision-makers with a strong, data-based set of sharp insights, useful reference points, and actionable intelligence.
and though the difficulty, and even impossibility, of meeting all legal requirements is a massive challenge, meeting that challenge is a driver of rapid change in the industry. this is evidenced by the second-most serious challenge, adopting new technologies – technologies directly or indirectly aimed at meeting legal requirements. read more →
new data from the national student clearinghouse research center shows a 12 percent increase in fall 2024 accounting enrollment compared to fall 2023. the increase amounted to an additional 28,672 students.
total undergraduate accounting enrollment for fall 2024 was 267,278 students, the highest accounting enrollment reported since fall 2020 (263,092 students) and just shy of the pre-pandemic fall 2019 enrollment (275,963 students).
understanding the inflection points in number of cpa exam candidates
the key factors contributing to the ups and downs – mostly downs in the last three decades – of cpa exam candidates reflect broader trends in the economy, regulatory environment, and demographic landscape.