|
|
| Brought to you by the Maryland Association of CPAs |
|
|
| | | | Podcast: Out-of-the-gate A.I. strategies | | How should CPAs be thinking about A.I. out of the gate? What is it good at? Where does it struggle? How we can use it to help with our capacity and staffing issues? Invenio Advisors founder Don Tomoff offers some insightful ideas in this week’s episode of “Future-Proof.” (From the MACPA) |
|
|
|
|
| | | | Are bathrooms the key to return-to-office plans? | | Working from home afforded employees with luxuries they’d never get in the office — not having to commute, being able to do a load of laundry and make your own meals. But there’s one luxury workers aren’t openly discussing yet they value highly as they’re being asked to return to in-person work: having their own private bathroom. (From WorkLife) |
|
|
|
| |
| | | | | | Strengthen the profession: Support our PAC | | Through contributions from members like you, the MACPA’s political action committee is able to work toward favorable outcomes on legislative issues that affect CPAs, educate legislators about matters that are important to the profession, and keep MACPA members informed. Your generous contribution will help ensure Maryland CPAs have a voice in Annapolis and a vibrant CPA profession in the future. Donate today! |
|
|
|
| | | | | CEO optimism hits two-year high as inflation cools | | CEO optimism rose this quarter to the highest level in two years as inflation cooled and the Fed forecast that in coming months it will start trimming the highest borrowing costs in 23 years, the Conference Board and Business Council found in a survey. (From CFO Dive) |
|
|
|
| | Inflation edges up, pushing back forecast of first Fed rate cut | | Inflation edged up in January as falling prices for apparel and used vehicles failed to offset gains in shelter, transportation and other services costs, prompting traders to postpone beyond May their forecast for a cut in the Federal Reserve’s main interest rate from a 23-year high. (From CFO Dive) |
|
|
|
| | | | Tax extenders bill stalled | | The tax extenders legislation is still tied up in the Senate after being passed in the House as senators continue to seek changes in some of the provisions, such as the expanded Child Tax Credit. (From Accounting Today) |
|
|
|
| | 7 warning signs that an ERC claim is questionable, from the IRS | | The IRS alerted small businesses to seven warning signs that could indicate that their employee retention credit (ERC) claim is questionable and to help them resolve issues before a March deadline for a special disclosure program. (From the Journal of Accountancy) |
|
|
| | Auto depreciation limitations increase | | The IRS issued higher new depreciation limitations for passenger automobiles, although the increases are smaller than in the previous two years. These limits are updated annually for inflation, based on the automobile component of the chained consumer price index for urban consumers. (From the Journal of Accountancy) |
|
|
| | Can't IRS online accounts be more useful? | | The Internal Revenue Service still dreams of joining these early years of the 21st century. To get started, the Service has gone so far as to launch an Individual Online Account program. (From CPA Trendlines) |
|
|
| | 10 big trends in SALT for 2024 | | Sometimes, to look forward, you have to start by looking back. The issues that are most likely to impact the world of state and local tax during the year ahead are naturally reflective of past developments. (From Accounting Today) |
|
|
|
| | | | CFOs harbor data quality worries ahead of A.I. push | | Many CFOs are turning to artificial intelligence to help them glean the more transformative insights they’re being pressed to deliver, but finance chiefs are also aware that AI is only as good as the data that underpins the model. (From CFO Dive) |
|
|
|
| | 67% of companies continue to adopt A.I. slowly | | CFOs and the C-suite continue to observe the evolution of artificial intelligence (AI) technology and the opportunities — and risks — it can create. Some organizations have chosen to adapt and integrate only when it directly addresses a specific problem they need to solve, while others have done so on a more preparatory, individual workflow basis. And finance leaders who are hesitant about AI are cautious about implementation on a large scale at the moment. (From CFO.com) |
|
|
| | How to maximize automation and A.I. investments in 2024 | | As CFOs begin a new year, many still feel a mix of caution and optimism. Businesses have shifted away from the “revenue at any cost” mentality that is prevalent in a high-growth market, and CFOs are challenged to make every dollar count and find ways to do more with less. (From Financial Executives International) |
|
|
| | Generative A.I.: What’s the potential? | | The impact of generative AI — such as ChatGPT and its competitors — is likely to be a business automation and productivity game-changer. McKinsey & Co. estimates it would raise the financial value created by other types of AI by 15% to 40%. (From Financial Management) |
|
|
| | A.I. dominates CFOs’ 2024 budget hike plans | | Technology tops the list of areas where CFOs are planning to increase their budgets in 2024, thanks largely to the frenzied demand for artificial intelligence tools, according to a recent Gartner survey. (From CFO Dive) |
|
|
|
| | | | IAASB: Auditors should follow tougher standards for fraud | | Auditors should play a stronger role in identifying corporate fraud, including by showing “professional skepticism,” focusing on the risks of material misstatements and clarifying their response to wrongdoing, the IAASB said. (From CFO Dive) |
|
|
|
| | | Most companies admit material mistakes on indirect tax | | The vast majority of companies have made materially significant mistakes with regard to indirect tax, according to a survey that found only a minority of companies identify as risk averse in this area. (From Accounting Today) |
|
|
| | |
| | | | New CFO series with FICPA (Feb - June 2024) | 15% discount for 2 or more regs
The CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to an entire year of CPE with a single decision. Each day consists of a subject matter expert leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises. |
|
|
|
| | | | 2024 Government & Not-for-Profit Conference | We are bringing back the same format for our Government Not-for-Profit Conference for 2024! We are offering 14 hours of CPE for one price – $350 for members and $450 for nonmembers! You can attend 1 or all 3 days!!
Register early to secure your spot for our IN PERSON Day! We have limited seats! |
|
|
|
|
| | | | Tax pros file 33% of early returns | | The IRS has fired up the machinery and begun cranking out tax returns. And so begins the annual ritual of tracking how well they do that. All of the initial figures are double-digit down, largely because of seven days’ fewer collections. (From CPA Trendlines) |
|
|
|
| | Nine tips for a healthier tax season | | Tax season can be a marathon. Everyone has their own tips and tricks, habits and techniques for staying sane and healthy. Here are 10 suggestions from Edward Mendlowitz. (From CPA Trendlines) |
|
|
| | The top 12 mistakes in tax return preparation | | Edward Mendlowitz has compiled his list of the 12 most common mistakes in tax return preparation. Topping his list are number transposition and spelling errors. Check out the full list here. (From CPA Trendlines) |
|
|
| | Why strategic thinking impacts your firm's future | | Roberto Goizueta, the late Chairman of Coca-Cola, said it best: “If you think you will be successful running your business in the next 10 years the way you did the last 10 years, you’re out of your mind.” (From CPA Trendlines) |
|
|
| | Private equity in public accounting: Salvation or ruination? | | The landscape of public accounting experienced an unprecedented shakeup in 2023, marked not by the usual suspects of annual updates or technological advancements, but by a surge of interest from an unexpected source: private equity. (From CPA Practice Advisor) |
|
|
|
| | | | Feb. 22 webinar: 'Just starting your CAS practice?' | | For those beginning to develop a client advisory services (CAS) strategy, you may be wondering about staffing, pricing, KPIs or even the value of CAS. In this CPA.com workshop on Feb. 22, you’ll learn the attributes of a successful practice and how it can benefit clients and the firm. (From CPA.com) |
|
|
|
| | | Workshop: 'The roadmap to a successful CAS practice' | | More businesses are looking for a trusted advisor that can provide deeper strategic insights. Learn the steps needed to build or expand a client advisory services practice from facilitators who have successfully taken the journey. Register for CPA.com’s March CAS Roadmap Workshop. (From CPA.com) |
|
|
|
| | | Listen: 'Avoiding burnout and driving productivity' | | In the latest Digital CPA podcast episode, leadership expert Alex Dorr joins Kacee Johnson, vice president of strategy and innovation at CPA.com, to explore quick energy-shifting techniques that help you avoid burnout during high productivity times. (From CPA.com) |
|
|
|
| | | ADP adds GenAI option for HR, payroll, analytics | | ADP Assist enhances HR productivity, aids decision-making with data-driven insights, and streamlines day-to-day tasks for practitioners, managers, employees and executives with simple, human-like conversations. (From CPA Practice Advisor) |
|
|
|
|
|
|
|
|
|
|
|
