|
|
| Brought to you by the Maryland Association of CPAs |
|
|
| | | | The hunt is on for young people to accounting | | Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured. (From Accounting Today) |
|
|
|
| | | 79% of accounting students confident in career choice | | For those in line to become accountants now, their needs and expectations may differ from those who pursued the career years ago. According to new data from EY, more than three-quarters of aspiring accountants believed studying accounting would benefit their long-term careers. (From CFO.com) |
|
|
|
| | | A.I. investments producing returns | | Organizations are realizing a return on their artificial intelligence investments within 14 months of deployments on average, according to a recent study conducted by research firm IDC and sponsored by Microsoft. (From CFO Dive) |
|
|
|
|
| | | | Lawmakers won't rule out tax hikes for 2024 | | State lawmakers on Tuesday didn’t rule out the possibility of raising taxes to uphold their policy commitments to voters while balancing the state budget amid projections of a structural deficit. (From The Daily Record) |
|
|
|
| | U.S. officials pick Maryland for new FBI headquarters | | Federal officials have chosen a site in the Maryland suburbs to replace the FBI’s iconic but decaying national headquarters in downtown Washington, the General Services Administration and multiple people familiar with the decision said Wednesday. The decision follows years of pointed arguments about where the multibillion-dollar project should land. (From The Washington Post) |
|
|
| | | | 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! |
|
|
|
| | | | Employers announced 22% fewer job cuts in October | | U.S. businesses announced 36,836 job cuts in October, a 22% decline from the prior month and the second-lowest monthly this year, according to data from Challenger, Gray & Christmas. (From CFO.com) |
|
|
|
| | |
| | | | Yellen: Cuts to IRS funding would be 'damaging' | | Treasury Secretary Janet Yellen on Tuesday defended the IRS against funding cuts proposed by Republican lawmakers in exchange for more than $14 billion in aid to Israel in its war against Hamas. (From Fox Business) |
|
|
|
| | Corporate generosity could feel sting of new minimum tax rules | | Restrictions in the corporate alternative minimum tax, now in effect, and the pending international Pillar Two top-up tax, proposed by the OECD, may limit the amount large US corporations can deduct for donations of appreciated property to charity. (From Bloomberg Tax) |
|
|
| | Responding to an IRS information document request | | Tax professionals dread receiving an information document request from the IRS. Much of their angst is due to the fact that the IRS may be examining their work product. However, another part of their concern is that they might not fully understand their responsibility in responding to an IDR. (From The Tax Adviser) |
|
|
| | IRS seeks volunteers for free tax services | | The IRS is recruiting volunteers for its Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs for the upcoming filing season. “No experience is necessary to become a VITA or TCE volunteer,” the IRS said, adding that “free specialized training is provided by the agency.” (From Thomson Reuters) |
|
|
| | New Jersey ranks worst in business taxes; Maryland is 45th | | New Jersey failed to rise this year from its bottom rank in business taxation as a tangle of levies hobbled its competitiveness with other states, the Tax Foundation said. New York and California were ranked 49th and 48th, respectively. (From CFO Dive) |
|
|
|
| | | | SEC suggests ‘re-proposing’ climate disclosure rule | | The SEC should consider proposing a new version of its climate risk disclosure rule rather than adopt as final an overhauled version of its 490-page proposal released in March 2022, SEC Commissioner Mark Uyeda said Tuesday. (From CFO Dive) |
|
|
|
| | Most execs do not see A.I. shrinking financial teams | | While recent breakthroughs in generative A.I. have sparked renewed workplace worries about jobs being replaced by technology, just over half of senior financial leaders surveyed do not think A.I. will shrink financial reporting teams. However, 39% think A.I.-related efficiencies will cut team size and 21% expect team size will grow because its value will be enhanced, according to a recent survey from the Big Four accounting firm KPMG. (From CFO Dive) |
|
|
| | | Non-profits see revenue decline | | Not-for-profit organizations are putting more emphasis on cutting costs as they face the prospect of donors giving them less, according to a new survey. (From Accounting Today) |
|
|
| | IFAC taps its next CEO | | The International Federation of Accountants has appointed Lee White as its next CEO, succeeding Kevin Dancey in March. (From Accounting Today) |
|
|
| |
| | | | Talent gap widening: Five strategies for retention | | How long will your CPA firm or finance department be a going concern if a quarter of your accounting professionals walk out? You shouldn’t just worry about that; you should be downright scared. (From CPA Trendlines) |
|
|
|
| | How much is your tax practice worth? | | How much can I sell my practice for? And how do you value a tax practice for sale? Good questions. Here is a listing of some of the things that need to be considered in the pricing. (From CPA Trendlines) |
|
|
| | 5 practical uses for intuitive A.I. in accounting | | Intuitive A.I. technology can slot into almost any business area, but many of its most powerful use cases fall squarely under the domain of the accounting team or firm. (From CPA Practice Advisor) |
|
|
| | Which firm had the most IPO audit clients in Q3 2023? | | A Big Four accounting firm audited the most companies going public in the third quarter of this year, as total initial public offerings increased 32% over the second quarter, according to a new analysis by Ideagen Audit Analytics. (From CPA Practice Advisor) |
|
|
| | Clients can't grow without you | | Please start understanding, valuing and respecting your own value in the marketplace with clients who could not reach their goals without you. Businesses are in need – sometimes desperate need – of your technical expertise and caring approach. (From CPA Trendlines) |
|
|
|
| | | | Four for Fall Seminar Series | | Choose 2 courses per day and earn 16 CPE credits! |
| The Four For Fall CPE Seminar Series is a two-day CPE event offering courses in a wide range of topics. This year is virtual only! |
| Featured speakers: Art Werner, David Peters, Tony Cuozzo, and Jeff Lieman! |
| Courses offered in the following fields of study |
Governmental / Not for Profit
Accounting and Auditing
Tax
Ethics |
|
|
|
| | | | MACPA Town Hall (November 2023) | | Join us this month for an Economic Update with Dr. Daraius Irani, the Vice Presid ent of Strategic Partnerships and Applied Research at Towson University. In this role, he fosters the development of partnerships between business, government, and education that contribute to the economic vitality of the greater Baltimore region. |
|
|
|
|
| | | | Use ChatGPT to write macros for Outlook | | How would ChatGPT fare when working on macros for other applications within Microsoft Office? To find out, author Wesley Hartman built a macro for Outlook. Let’s recap that process. (From the Journal of Accountancy) |
|
|
|
| |
| | | | Watch: 'A firm’s guide to cyber liability basics: Part 1' | | Learn what information cyber criminals are looking for from accountants, and the wide array of techniques used by cyber criminals to breach security safeguards and trick you into providing that information. This is the first of a three-part series. (From Aon) |
|
|
|
| | | Nov. 15 webinar: 'Key to growth? Spend management' | | Tune in to this Nov. 15 webinar as experts from the profession explore the client advisory services (CAS) maturity model and share best practices on getting started with the approachable advisory service that is spend management. (From CPA.com) |
|
|
|
| | | Nov. 20 webinar: 'How firms can leverage financial planning tech' | | As technology is reshaping the accounting profession and client expectations are shifting towards strategic advice, tax firms are expanding their services beyond traditional compliance work. Explore how firms are seeing success through tax and financial planning advisory in this Nov. 20 webinar. (From CPA.com) |
|
|
|
| | | Nov. 21 webinar: 'A simpler way to help with financial planning' | | As clients prepare for major life milestones, they turn to you, their personal financial planner, to ensure financial readiness. In this Nov. 21 webinar, experts will highlight how firms can employ technology to gather financial information and track clients’ financial goals to better predict readiness for the future. (From CPA.com) |
|
|
|
| | | Nov. 22 webinar: 'Improving client communication' | | Accounting professionals tend to focus more on getting the work done and not so much on how they interact with clients to actually get it done. However, continuously improving client communication is remarkably important and should be a top priority. Find out more at this Nov. 22 webinar. (From CPACharge) |
|
|
|
| |
|
|
|
|
|
|
|
