Xero

DECEMBER 4, 2024

The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. If you’re a small business, you may need to invest time and resources in measuring and reporting your emissions, even though you aren’t legally required to. In the end, it’s just maths. There’s something for everyone.

accountant 82

accountant accounted Account audit 82

CPA Practice

NOVEMBER 14, 2024

a Minneapolis-based public relations and marketing firm serving the legal and accounting professions, has been named a gold winner in two Strategic Communications categories of the prestigious MarCom Awards. Edge Marketing, Inc., The agency was named a gold winner in the Marketing/Promotion Campaign for a Special Event category.

Connecticut 98

Connecticut New Jersey Georgia accountant 98

CPA Practice

OCTOBER 22, 2024

Clarify issues stemming from prior section 280E disallowance – the AICPA recommends that Treasury and the IRS issue guidance clarifying the tax treatment of issues arising from no longer being subject to section 280E, including accounting year changes, partnership basis and depreciation.

cpas 116

cpas Non-Profits Legal Tax 116

CPA Practice

OCTOBER 28, 2024

It is a formal process to address all outstanding legal and financial aspects of the business in the state in which it was formed. The process can be legally and financially complicated, so it’s important to research the requirements and obtain all the pertinent information ahead of time.

tax return 116

tax return payroll tax payroll Legal 116

Menzies

SEPTEMBER 12, 2024

Menzies LLP - A leading chartered accountancy firm. A significant legal update has been introduced in Parliament, which will bring greater clarity and protection for owners of Bitcoin and other digital assets. Read more on the new bill introduced to parliament on Gov.uk

Legal 97

Legal chartered accountant accounting firms Government 97

CPA Practice

OCTOBER 31, 2023

recruitment and/or hiring tool, then carefully review the contract to understand what, if any, indemnities or other protections you’re getting from a vendor to understand your legal risks should a legal challenge to your use of A.I. also be held accountable to a certain extent? Do you see it that way for A.I.

Legal 116

Legal audit payroll Technology 116

SMBAccountant

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations.

tax accountant 130

tax accountant Tax accountant accounted 130

TaxConnex

AUGUST 27, 2024

Substantial uncertainty currently exists regarding to what extent remote sales taxation is legally permissible for states and localities,” reads the U.S. General Accounting Office’s 2022 report on remote selling.

Colorado 264

Colorado Sales Tax Alaska 264

CPA Practice

DECEMBER 3, 2024

UHY is getting an injection of private equity funding from Boston-based investment firm Summit Partners, calling it a significant milestone in its growth and strategic development, the top 30 accounting firm said on Dec. With this deal, more than 35% of the top 30 accounting firms in the U.S. In the U.S., UHY in the U.S.

Non-Profits 111

Non-Profits tax consultant auditor cpa firm 111

CPA Practice

DECEMBER 6, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor, with your hosts, Randy Johnston and Brian Tankersley. Randy Johnston 00:10 welcome to the accounting Technology Lab. And so its a its good that theyve got the APIs and everything in here. Is it perfect yet? Sure, its not.

Technology 98

Technology accounted accountant Account 98

Going Concern

MARCH 5, 2024

It’s a question that has plagued Big 4 accountants since the dawn of billable hours. Pictured: dramatic recreation of the Big 4 revolving door Senate Finance Committee Chair Ron Wyden (D-OR) spoke very highly of her in this statement just before her confirmation as IRS chief legal counsel last Thursday: First off, Ms.

Legal 111

Legal accounting and finance Finance Tax 111

RogerRossmeisl

MAY 16, 2024

The valuation takes into account applicable valuation practices and standards, as well as any relevant legal precedents. Value conclusions When providing conclusions of value, valuators consider all approaches and procedures they deem appropriate for the circumstances.

Legal 239

Legal CPA accounted accountant 239

Going Concern

JANUARY 6, 2025

While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. FT : Accounting firms say the metrics tell investors little about whether an audit is being done well and are likely to be misunderstood without additional context.

accounted 52

accounted accountant Account audit 52

ThomsonReuters

JULY 3, 2024

A new playing field for legal challenges Under the new framework established by the Loper ruling, challengers to agency rules now have a more level playing field. The post Legal expert discusses federal labor ramifications of overturning Chevron Doctrine appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Legal 97

Legal payroll Tax accounted 97

SMBAccountant

APRIL 2, 2024

It's crucial to assess your eligibility for federal grants before applying, as pursuing grants for which you are not legally eligible can waste time and resources. Adhering to these rules ensures transparency, accountability, and responsible use of taxpayer dollars. For small businesses, understanding various factors is essential.

Government 130

Government accountant accounted Account 130

TaxConnex

JULY 18, 2024

Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. Returns/Credits Returns and credits should be clearly identified in your accounting system. Ensure these bad debts are clearly identified and documented in your accounting system.

audit 264

audit Sales Tax tax return 264

inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier. Whats Unique About Tech Startup Accounting?

accrual accounting 59

accrual accounting accountant accounted Account 59

TaxConnex

MARCH 23, 2021

Opponents have promised legal challenges , and t he Tax Foundation calls the new Maryland law “ incredibly vague ” on vital definitions, creating uncertainty about where revenue is sourced and when it is subject to the tax. Full of legal holes or not, will laws similar to Maryland’s mushroom in other states?

West Virginia 246

West Virginia Maryland Tax Montana 246

RogerRossmeisl

NOVEMBER 13, 2022

For example, someone who once worked in accounting might retain the ability to make journal entries even after transferring to the legal department. Privileges to use certain applications or open certain files usually are provided to workers based on their department, role and level of authority.

Legal 228

Legal CPA accounted accountant 228

MyIRSRelief

DECEMBER 15, 2022

How to fix my messy back-years accounting for my Los Angeles, CA business? If you have messy books for many back years of accounting, it can be overwhelming to try to organize and clean them up. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks.

tax accountant 130

tax accountant Tax accountant accounted 130

ThomsonReuters

JANUARY 30, 2025

Jump to Key requirements for MMCs MMCs must also revise their agreements with models Protecting models’ rights Responsibilities and liabilities for clients Legal implications Preparing for compliance Key requirements for MMCs Under the new Act, MMCs must register with the New York Department of Labor.

New York 88

New York payroll Legal accounting and finance 88

TaxConnex

APRIL 25, 2024

Tupperware recently admitted that it lacked enough accountants to get its annual report out on time. Fewer students are gravitating toward accounting even as educational requirements have intensified. Accounting is perceived as too specialized and boring – and offering lower pay than other majors such as finance and technology.

Sales 264

Sales Tax accounting and finance auditor 264

CPA Practice

MAY 29, 2024

The prospect of AI replacing accountants has stirred up some anxiety within the industry. Rather than seeing AI as a threat to their careers, accountants should view it as a catalyst that can help them work faster, smarter, and with greater impact. By Fady Hawatmeh.

accountant 122

accountant accounted Account Legal 122

Going Concern

FEBRUARY 28, 2025

Welcome to the era of US accounting firms practicing law. The legal services market is experiencing rapid growth and transformation. Many businesses aim to transform their legal operations to gain a competitive advantage. Hey, remember when the AICPA pushed for that for accounting firms like 30 years ago ?

Arizona 59

Arizona Legal accounting firms audit 59

RogerRossmeisl

JULY 16, 2023

Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something — possibly something that will have negative financial and legal implications after the deal is complete.

forensic accounting 223

forensic accounting financial statements Legal CPA 223

inDinero Tax Tips

JANUARY 13, 2025

Begin by choosing your legal entity and separating business and personal finances. When youre finished, you should have: A single business checking account A single business savings account A single business credit card A firewall between personal and business money All expenses and revenue should flow into or out of the checking account.

bookkeeping 90

bookkeeping accounting and finance Finance CPA 90

CPA Practice

NOVEMBER 21, 2023

Accountants play a huge role in estate planning—from knowing your client’s asset and property values inside out to helping them plan how to manage and distribute these assets in case of an unplanned death. However, accountants play a crucial and very important role in this process. million.

accountant 112

accountant accounted Account Legal 112

ThomsonReuters

JANUARY 23, 2025

Jump to The benefits of GenAI Barriers to the integration of GenAI in tax and accounting Addressing barriers with AI-powered solutions Secure your firms future with AI integration In the rapidly evolving world of tax and accounting, generative AI (GenAI) is emerging as a powerful tool that can revolutionize the way professionals work.

accounting firms 64

accounting firms Tax accountant accounted 64

CPA Practice

JANUARY 14, 2025

From automating processes to analyzing massive datasets, AI is reshaping the accounting landscape while lawyers and judges scramble to decide whos responsible when it all goes wrong. From intellectual property spats to bias allegations, AI is breaking down courtroom doors, and the legal system isnt ready.

accounted 109

accounted accountant Account Legal 109

Bharmal&Associates

AUGUST 28, 2020

But LLCs can offer similar legal protection to their members (owners). LLCs Offer Legal Protection. Using an LLC to conduct a business or investment activity generally protects your personal assets from LLC-related liabilities—similar to the legal protection offered by a corporation. Key point: LLCs are not corporations.

income tax 242

income tax tax return Legal Tax 242

CPA Practice

SEPTEMBER 5, 2023

Accountants are part of an evolving industry where 82% of accountants agree that client expectations have widened. Clients may still need your services, but they want an accountant to go the extra mile for them. Sage found that 67% of accountants prefer cloud-based accounting. Joseph Graziano, CFP®.

accountant 135

accountant accounted Account accounting and finance 135

CPA Practice

SEPTEMBER 6, 2023

The question in the title of this article is one the Treasury Inspector General for Tax Administration (TIGTA) recently tried to answer for some members of Congress who asked the IRS watchdog to evaluate employees moving between large accounting firms and the IRS, often referred to as the “revolving door.” Elizabeth Warren (D-MA) and Rep.

accounting firms 119

accounting firms accountant accounted Account 119

MyIRSRelief

MARCH 15, 2023

However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action. Tax professionals, such as certified public accountants (CPAs), EAs enrolled agents and tax attorneys, can help you navigate the complex tax laws and negotiate with the IRS on your behalf.

tax accountant 130

tax accountant bookkeeping Tax accounted 130

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

accounting standards 105

accounting standards cost accounting accountant accounted 105

Mark Lee

JANUARY 21, 2025

A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. As the founder of Security Everywhere, his expertise is invaluable in understanding the cyber threats faced by accountants. Can you elaborate?

accountant 52

accountant accounted Account payroll 52

SMBAccountant

AUGUST 4, 2020

Bloom has successfully met the ACFE’s character, experience and education requirements for the CFE credential, and has demonstrated knowledge in four areas critical to the fight against fraud: Fraudulent Financial Transactions, Fraud Prevention and Deterrence, Legal Elements of Fraud and Fraud Investigation.

Education 246

Education Legal Government accountant 246

Anders CPA

FEBRUARY 28, 2025

With rare exceptions, the practice of law is a business, and legal services are a product. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions. To improve law firm profitability, think of your firm as a manufacturer.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59