Accounting Today Podcast

Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right. Randy Crabtree of Tri-Merit Tax Specialty Tax Professionals and the Unique CPA podcast dives into how you can know if a client qualifies, as well as the intricacies of some other major tax credits.

AJ Johnson, Geoff Brown and Calvin Harris share their unique perspectives as African-Americans who lead three of the biggest state CPA societies (respectively, the New Jersey Society of CPAs, the Illinois CPA Society, and the New York State Society of CPAs) on the major challenges facing their members, the primacy of the pipeline problem as an issue, and the role diversity can play in alleviating it -- if the profession can find a way to diversify itself.

The entry of private equity into public accounting has raised a lot of hopes and expectations and concerns – not all of which can pan out. Bob Lewis of the Visionary Group examines the opportunities, what it will mean for your firm, and how it will play out in the future.

Accountants discuss emerging risks including tax examinations, financial statement reporting challenges with cannabis, noncompliance with laws and regulations, and payer's to entity tax. They provide advice on protecting oneself during tax season, the importance of billing regularly and using engagement letters, and proactive measures for preventing lawsuits and claims.

For accounting firms to scale, they need to build a stronger infrastructure of professional HR, marketing, IT and other support systems, says Rachel Anevski, the founder of Matters of Management.

Accounting technology expert Randy Johnston discusses the current and future capabilities of accounting tech, including the rise of cloud-based platforms and automation. He explores the challenges faced by buyers in the market, the complexity of ESG reporting, and strategies for approaching and implementing accounting software.

It's not about answering their calls and doing what you promised you would: Sarah Dobek of Inovautus Consulting explains why firms should elevate their clients experience.

Promoting a top performer doesn't always guarantee they'll stay -- in fact, it's often their ticket out. ADP chief economist Nela Richardson shares the surprising data, and how to navigate these transitions better.

Dominique Molina and Tom Gorczynski, co-hosts of the 'Tax Crime Junkies' podcast, share stories of tax crimes, including fraud and embezzlement, murder cases involving individuals in the tax industry, and the shocking deception of a former IRS agent. They discuss their fascination with true crime stories involving taxation and emphasize the importance of competence and ethics in the tax profession. They also talk about the growing popularity of their podcast and express gratitude to their listeners.

The podcast explores the impact of AI in accounting, its potential future uses, and the importance of human intervention. It discusses the evolution of AI in the tax marketplace and the significance of having an AI initiative for businesses of all sizes.