BurklandAssociates
NOVEMBER 18, 2024
Learn about the unique challenges of accounting for AI startups, from revenue recognition to validating expenses for R&D tax credit and VC investment. The post 4 Key Challenges of Accounting for AI Startups appeared first on Burkland.
TaxConnex
NOVEMBER 19, 2024
Those involved in mergers and acquisitions often get understandably excited about the deal, especially execs who stand to see their business power (and paychecks) expanded. These execs might also go into the deals knowing all about the familiar M&A landmines such as employees’ reactions or overpaying the target company. Other potential deal-killers, though, might get less scrutiny in due diligence – including problems with a target company’s past sales tax compliance.
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TaxConnex
NOVEMBER 14, 2024
Sales tax comes with a lot of important terms. One is “drop shipment.” Drop shipments are common in ecommerce and often occur when a seller uses a distributor for order fulfillment to a buyer. In such a transaction, a distributor must charge sales tax to the seller. Sounds simple – and in many ways it is, except that a drop shipment can often involve not two but three locations (usually states) where sales tax must be considered.
CPA Practice
NOVEMBER 14, 2024
Enrolled agents who have a Social Security number ending in 0, 1, 2, or 3 must renew their EA status by Jan. 31, 2025, to ensure they receive their new enrollment card before their current enrollment expires on March 31, 2025, according to the IRS. Per Circular 230 , EAs are required to renew their EA status every three years, and the time frame for renewal is based on the last digit of their Social Security number.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Accounting Today
NOVEMBER 13, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.
Mark Lee
NOVEMBER 18, 2024
What do you really need to promote as an accountant? This is a simple enough question, and knowing the right answer could make a profound difference to the success of your practice. Let’s start with what you’re NOT promoting. Your time. It’s less common today than it was, but still there are plenty of people, including some accountants, who think accountants are selling their time.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 15, 2024
The American Institute of CPAs has recognized two prominent Tax Division members during the 2024 AICPA Fall Tax Division Meeting. James W. Sansone, CPA, was presented with the Arthur J. Dixon Memorial Award and Annette Nellen, CPA, CGMA, Esq., received the Jonathan Horn Distinguished Service Award. These recipients have stood apart from their peers throughout their careers and this past year contributed valuable expertise to strengthen the accounting profession.
Accounting Today
NOVEMBER 18, 2024
Audit committees are bringing on more directors with experience in cybersecurity and sustainability, according to a new survey.
AccountingDepartment
NOVEMBER 14, 2024
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
GrowthForceBlog
NOVEMBER 19, 2024
8 min read October 19th, 2024 Deciding whether or not to invest in a next-level accounting solution with enterprise resource planning (ERP) capabilities, is a big decision. Key Takeaways How to Perform a Cost-Benefit Analysis of Sage Intacct Implementation: First, you'll need to look at the costs of purchasing and implementing new software in your business.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Going Concern
NOVEMBER 15, 2024
Someone on r/accounting with a very legit-looking username and sparse comment history said today that their firm is announcing a PE deal. Who? WHO KNOWS! Candidates must be a “very hybrid” mid-tier with decent culture. Welp, they’re announcing a PE deal by u/User0273649362539506 in Accounting Text : Welp, they’re announcing a PE deal Not looking forward for what’s to come.
CPA Practice
NOVEMBER 13, 2024
RSM, a major provider of assurance, tax and consulting services for the middle market, has announced a strategic business relationship with Additive to enhance tax service capabilities with the Additive generative AI platform. This collaboration positions RSM as a pioneer in integrating advanced AI technology into K-1, K-3, State K-1 and related document processing, enabling rapid and reliable tax solutions for clients and RSM engagement teams.
Accounting Today
NOVEMBER 15, 2024
The Institute of Management Accountants released a report on why business sustainability depends on the competencies of management accountants.
AccountingDepartment
NOVEMBER 13, 2024
Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
GrowthForceBlog
NOVEMBER 13, 2024
9 min read November 6th, 2024 Looking at nonprofit financial management from a for-profit perspective makes the unique needs of a nonprofit's back office seem exceedingly complex. Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. Nonprofit organizations aim to use almost all of their resources to further their mission in the.
LSLCPAs
NOVEMBER 19, 2024
The Secure 2.0 Act is raising the catch-up contribution limit for workers, with the goal to make retirement more attainable. Beginning in 2025, participants in 401K or other employer-provided qualified retirement plans who are age 60, 61, 62, or 63 by 12/31/25 can take advantage of the Super Catch-Up Contribution, which is $11,250 instead of. The post Exciting New Rules for Retirement Savings Happening in 2025 – The Super Catch-Up Contribution appeared first on LSL CPAs.
CPA Practice
NOVEMBER 19, 2024
By Alex Tanzi Bloomberg News (TNS) In a cooling U.S. labor market, recent college graduates are among those feeling the chill most. The gap between the unemployment rate for recent graduates and the overall rate for Americans with a college degree widened to 2.8 percentage points in September, according to data published Tuesday by the Federal Reserve Bank of New York.
Accounting Today
NOVEMBER 13, 2024
To the Internal Revenue Service, Roger Ver symbolizes a new target in the digital age: a crypto holder suspected of failing to pay taxes after selling tokens.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Withum
NOVEMBER 19, 2024
Learn how Withum’s ERP team worked with a chemical manufacturer optimize its operations by implementing Oracle NetSuite and utilizing add-on products to enhance efficiency. Executive Summary A chemical manufacturer sought to optimize its operations by implementing Oracle NetSuite. Withum’s ERP team worked with the client to maximize NetSuite’s capabilities, utilizing add-on products to enhance efficiency.
ThomsonReuters
NOVEMBER 19, 2024
← Blog home The emergence of new trends now has serious implications for medical technology (MedTech) companies and their ability to maintain compliance with indirect tax (IDT) rules and regulations. Compliance has traditionally been a complex undertaking for the MedTech industry, but the advent of advanced, integrated technologies and global business operations are introducing additional considerations that must be addressed.
inDinero Tax Tips
NOVEMBER 19, 2024
Startup advisor equity compensates key consultants with shares rather than cash. It benefits the startup, which conserves liquid capital, and the advisor, who could reap significant rewards if the company thrives. In this article, we’ll discuss the basic types of advisor equity, industry norms for such agreements, and other considerations to make before issuing shares of your startup. 10 Growth Tips From Venture Capitalists Wondering what it takes to impress investors when funding your startup?
CPA Practice
NOVEMBER 13, 2024
Wolters Kluwer, a provider of information, software, and services for professionals, has collaborated with The Institute of Internal Auditors’ Internal Audit Foundation on a research report: Harnessing Generative AI for Internal Audit Activities. The report explores the use, implementation and governance of GenAI within organizations and internal audit functions.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
Accounting Today
NOVEMBER 14, 2024
The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.
Withum
NOVEMBER 19, 2024
Starting a business is a big undertaking and is admirable. However, it entails great risks. One risk that is not always recognized is the choice of entity and that is something that should be decided upon before starting the business. Join me on November 21, 2024 for a webinar on Considerations for Choosing the Right Business Entity to determine which is best for you.
Anders CPA
NOVEMBER 19, 2024
As the end of support (EOS) date for Windows 10 approaches, businesses must prepare for the transition to ensure their systems remain secure and functional. After October 14, 2025, Microsoft won’t provide updates and security patches for Windows 10, making it essential to make long-term plans to move to Windows 11 or another supported operating system.
ThomsonReuters
NOVEMBER 19, 2024
← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. The 2024 State of the Corporate Tax Department report by Thomson Reuters Institute highlights these pressing issues, making a compelling argument for increasing technology budgets to unlock new levels of efficiency and strategic value.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
CPA Practice
NOVEMBER 13, 2024
Top 20 accounting firm Citrin Cooperman is continuing its run of acquisitions in 2024 by adding Signature Analytics, a San Diego-based outsourced accounting and advisory firm. Financial terms of the deal weren’t disclosed. As part of the deal, New York City-based Citrin Cooperman gains two partners and more than 65 professionals while expanding its presence in Southern California.
Accounting Today
NOVEMBER 19, 2024
PricewaterhouseCoopers made a $1.5 million investment to Bryant University to fund the launch of the PwC AI in Accounting Fellowship.
VJM Global
NOVEMBER 19, 2024
The Invoice Management System (IMS), which allows the taxpayer to take action on each and every invoice reflected in IMS, has been made live on the GST Portal with effect from 14th October 2024. Considering the fact that the IMS is a drastic change in the manner of filing of GST returns, the GSTN is issuing instructions and advisory regularly to help the taxpayers understand the IMS properly and ensure smooth implementation of the same.
FraudFiles
NOVEMBER 19, 2024
Testifying is the pinnacle of an expert witness’s work in a case. It may well be the most important part of the expert’s work, as the assistance of a competent financial expert is the key to cases involving economic damages and other financial calculations. An expert must do much more than just analyze facts and [.
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
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