Wednesday morning, June 9, 2021 State Drought Conditions Could Lead To July 4 Fireworks Ban Gov. Spencer Cox issued another executive order Tuesday aimed at water conservation. It requires state facilities in northern Utah to water their lawns just twice a week. In southern Utah, it’s three times a week. Ninety percent of the state […]
What CPAs must do at the first financial planning meeting
More than most accounting professionals, CPA financial planners delve into the intimate details of their clients’ lives. In fact, for a financial planning engagement to be successful, clients must allow themselves to be vulnerable — sharing their personal and financial habits, certainly, but also their hopes, dreams, and goals. The initial planning meeting is therefore […]
What CPAs must do at the first financial planning meeting
More than most accounting professionals, CPA financial planners delve into the intimate details of their clients’ lives. In fact, for a financial planning engagement to be successful, clients must allow themselves to be vulnerable — sharing their personal and financial habits, certainly, but also their hopes, dreams, and goals. The initial planning meeting is therefore […]
Pennylane raises $18.3 million for its accounting service – TechCrunch
French startup Pennylane has raised a new $18.3 million funding round (€15 million). Interestingly, this is Sequoia Capital’s first investment in France after they announced ambitious expansion plans in Europe. If you’re not familiar with Pennylane, the startup has been developing an accounting platform that improves accounting for both clients and their accountants. Focused on […]
Oregon audit finds $6.4 billion in state accounting errors – Blue Mountain Eagle
(The Center Square) – Oregon’s books show the state incorrectly counted billions of federal dollars in 2020, according to an audit from the Secretary of State. The news comes from a report released on Wednesday by the Secretary of State, which found $6.4 billion in accounting errors over the past year from 14 federal programs. None of […]
A Business Owner’s Overview of Capital Gains Tax
Paying tax on your company’s incoming money is all part of being a business owner. But, not all money is taxed the same. If you earn money selling investments, capital gains tax comes into play. Read on to learn what is capital gains tax and why it matters in business. What is capital gains tax? […]
New standard addresses investments, specialist matters
The AICPA Auditing Standards Board issued a standard Tuesday that provides guidance on the use of specialists and pricing information obtained from external information sources. The guidance is included in Statement on Auditing Standards (SAS) No. 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of […]
Top soft skills for accounting professionals – Journal of Accountancy
As professionals advance in an accounting or finance career, soft skills become increasingly important. In a world that is becoming more digital, computerized, and automated, soft skills can be the differentiator between two employees competing for the same promotion or position. In fact, in a recent survey reported by the Society for Human Resource Management, […]
Internal audit has pivotal role in ESG reporting
Amid the growing momentum toward increased organizational disclosure of environmental, social, and governance (ESG) information, internal audit has a pivotal role to play in driving organizational value related to these issues. Interest in these issues has increased in the United States, with the SEC exploring potential regulation amid a reckoning on diversity, equity, and inclusion […]
Vault Accounting is Setting a New Standard for CPA and Accounting Firms – Troy Record
NEW YORK, June 7, 2021 /PRNewswire/ — The preeminent New York accounting firm Vault Accounting is shaking things up in the accounting world, providing tailored accounting, bookkeeping, and tax services to companies that need them all over the United States. “Most accountants who only see their clients once a year before tax season are most likely […]