#ICYMI 📰The ongoing $60 billion #modernization of the #IRS has helped the agency collect $1 billion from delinquent rich #taxpayers this year. 1,600 taxpayers with over $250,000 in tax #debt were targeted in the effort. More from The New York Times: tinyurl.com/24cup2zx

💸🙄One-time #salary increases aren’t enough to stay #competitive and attract early-career #accountants. ➡️Hofstra professor and CPA Jack Castonguay offers #recruiting solutions and a real-world assessment of the #talent pipeline. More from Bloomberg Tax: tinyurl.com/58fchwbj

👋😎☕Here’s a little #boost of #positivity to accompany your #Monday morning coffee! ✨Many #tax and #accounting firms are making #clients and #staff happy with #SurePrep solutions. 📣See what they’re saying! More from SurePrep, part of Thomson Reuters: tinyurl.com/mrxpc6ke

😬Small #accounting firms are at a #staffing disadvantage when #competing with big ones. Today’s industry-wide #challenges don’t help either. The next generation of #leaders could look elsewhere to build their #careers. More from INSIDE Public Accounting: tinyurl.com/yp83db2u

🤖💸#Tech #budgets shouldn’t have annual, one-time #reviews. Quarterly #forecasting helps firms become more #flexible and capable of adapting to emerging opportunities and challenges. ✅Being more responsive could save budgets. More from Boomer Consulting: tinyurl.com/us8en962

🏢📈The #accounting industry keeps #changing, which keeps #challenges in focus for many #firms. #Staffing limitations? #Billing updates? 🗒️The 2024 State of Tax Professionals Report reveals the top 13 challenges firms are facing. More from Thomson Reuters: tinyurl.com/2fe67syh

🙂👍#GenZ may not have it so bad on the #job front, especially when compared to previous #generations. 🚀The overall #labor market is #strong—and the current #unemployment rate is among the lowest in 50 years. More from CPA Practice Advisor: tinyurl.com/bdefhjku #CPA #Tax

#ICYMI 📰There’s a renewed #effort to overturn the SEC’s #crypto #accounting rule SAB 121. Although H.J. Res 109 ended with President Biden’s veto, now a different #bill, H.R. 5741, has gained the support of five Democrats. More from Axios: tinyurl.com/ycy637ey #CPA #Tax

🏢🔗🤖The #connection between your firm’s #business model and #AI is worth exploring. The way your firm operates today can help establish the role AI eventually plays for your business. 📈🌅Tangible #benefits could be on the horizon. More from Forbes: tinyurl.com/2twdnybc #CPA

😅Adopting #technology isn’t like flipping a switch, especially for #accounting firms outside the #BigFour. Today, mid-tier firms are exploring the #potential of generative artificial intelligence (#GenAI). More from Bloomberg Tax: tinyurl.com/3hhbnphm #CPA #Accountant

🪂Going solo? Running a single-owner firm might be equal parts #upside and #risk, but it can prove highly successful for some #CPAs. The Journal of Accountancy profiled 10 sole proprietors and shared their #stories. More from Journal of Accountancy: tinyurl.com/3tda945m

😲Yeah, it’s kind of a big #deal. 🏢CBIZ has agreed to #acquire Marcum. 📈If completed, the $2.3 billion #deal would make CBIZ the seventh-largest #accounting firm in the U.S., surpassing Grant Thornton. More from The Wall Street Journal: tinyurl.com/mcvamc89 #CPA #Tax

#ICYMI 📰The International Accounting Standards Board (IASB) began a #consultation for new #guidance regarding #sustainability #reporting. The purpose is to see how companies can do more to showcase the impact of #climate change. More from Reuters: tinyurl.com/459wahcd

📊👀A #survey conducted by Personiv found that most #finance leaders are #outsourcing at least some of their #accounting duties due to #staffing shortages. ✍️The top areas: Accounts Payable (65%), Accounts Receivable (48%). More from CFO[dot]com: tinyurl.com/4twvyxxz #CPA #Tax

✅Streamline. ✅Standardize. ✅Automate. 🧐😲😁Yep, buzzwords that actually get stuff done for #tax and #accounting pros. 💪That’s SurePrep! ➡️Is your firm a fit for our solutions? 🚀Take our #free 6-question assessment to find out! ✏️Go to assessment: tinyurl.com/3fra2fvj

🤗Working at a top firm? ➡️INSIDE Public Accounting’s annual list ranks the top 500 #tax and #accounting firms based on net #revenue. With recent industry #growth, there’s a lot of #development outside the Big Four. More from INSIDE Public Accounting: tinyurl.com/4wttnhn5

💰$1 b-i-l-l-i-o-n. 🏢Another firm has joined the elite #accounting firm ranks with $1 billion worth of #revenue. 📈New York City-based CohnReznick achieved $1.05 billion revenue during their most recent fiscal year. More from CPA Practice Advisor: tinyurl.com/3wzksp7h #CPA

#CPAs➡️#CFOs 📄The Pennsylvania Institute of Certified Public Accountants (PICPA) surveyed 320-plus #executives in roles that involve hiring input for CFOs to understand which competencies and sub-competencies were most valued. More from CFO[dot]com: tinyurl.com/bdd36s94 #Tax

#ICYMI 📰The Internal Revenue Service designed the newly #updated Written Information Security Plan (WISP) to help protect #tax professionals against the ongoing #threats from #identity thieves and #data breaches. More from CPA Practice Advisor: tinyurl.com/5evhrv35 #CPA #IRS

🤔Why SurePrep? Let's ask an expert! ✅Lindsay Whittaker’s got a list of 5 reasons why thriving #tax and #accounting firms choose SurePrep #technology. 📽️Watch the video: tinyurl.com/yvm5zu7n