TaxConnex

DECEMBER 14, 2023

In sales tax calculation, you deal with the “hard” and the “less-hard.” Figuring out sales tax obligations for goods (aka, tangible personal property, or TPP) is the less-hard part; you merely have to bear in mind that every state that taxes TPP does it a little differently. Services, on the other hand, are the hard calculation. Not every state taxes services not every state taxes the same ones, and those that do tax services do so in a galaxy of ways.

West Virginia 241

West Virginia Virginia Kentucky Minnesota 241

CPA Practice

DECEMBER 14, 2023

There are slight changes in the IRS-issued optional standard mileage rates for 2024, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car, van, pickup truck, or panel trucks will be: 67 cents per mile driven for business use, an increase of 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty mem

Tax 129

Tax 129

Accounting Today

DECEMBER 14, 2023

The American Institute of CPAs provided information for U.S. accounting professionals on the potential impact on their out-of-state engagements if some of the pending legislation in some states on licensure requirements is enacted.

CPA 124

CPA cpas accountant Account 124

Going Concern

DECEMBER 14, 2023

Actually RIP the entire four-part CPA exam. Tomorrow, December 15, 2023, is the last day anyone will ever sit for BEC before it shuffles off into examination heaven and takes written communication with it. That’s right, no more written communication on the CPA exam. Wyoming and Idaho were the states with the latest application deadline for BEC — November 15 — while most others cut off re-exam NTSs on November 12 and first-time NTSs on October 1.

Wyoming 122

Wyoming Idaho CPA 122

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.

Account

CPA Practice

DECEMBER 14, 2023

A new study by top 15 accounting firm Moss Adams revealed that 69% of accountants believe artificial intelligence will enhance rather than eliminate jobs and has a positive impact on the accounting profession as a whole, driving productivity and business growth. “AI is here, and accountants are actively embracing the technology,” Bill Armstrong, chief innovation officer at Moss Adams, said in a statement.

accountant 119

accountant Account accounted corporation tax 119

Going Concern

DECEMBER 14, 2023

As always happens some time in December, KPMG has announced global revenue for the fiscal year now behind us: $36 billion USD for the fiscal year ending September 30, 2023, an increase of eight percent from FY22’s $34.6 billion (five percent in US currency). “The figures reflect robust year-on-year growth, bolstered by a multi-disciplinary approach that combines world-leading expertise and integrated capabilities,” says the press release we don’t care about.

Legal 119

Legal audit Tax 119

Accounting Today

DECEMBER 14, 2023

The Financial Accounting Standards Board issued an accounting standards update Thursday aimed at improving income tax disclosures from companies.

income tax 126

income tax Tax accounting standards financial accounting 126

Withum

DECEMBER 14, 2023

Withum is proud to share that Accounting Today has once again named Jim Bourke , Managing Director of Advisory Services and Ed Mendlowitz , Emeritus Partner, on their annual Top 100 Influential People in Accounting. The Top 100 are chosen for their outstanding contributions to the industry, including their leadership, mentorship, and how they use their voice to promote and advocate for the profession.

accountant 111

accountant Account accounted 111

CPA Practice

DECEMBER 14, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, received a perfect 100% score for the seventh year in a row on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI) , the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Education 111

Education audit Tax 111

Accounting Today

DECEMBER 14, 2023

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

audit 128

audit accountant accounted Account 128

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.

Account

CPA Practice

DECEMBER 14, 2023

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from investors, lenders, creditors, and other allocators of capital (collectively, “investors”) that use the financial statements to make capital allocation decisions. “The new standard responds to calls from investors for more transparent, decision-useful information about a company’s income taxes,” stated FASB Chair Richard R.

income tax 110

income tax Tax accounting standards financial statements 110

Insightful Accountant

DECEMBER 14, 2023

Tax training has been added to the QuickBooks Online Accountant, ProAdvisor Training tab. Training is available for both ProConnect Tax Online and Intuit Tax Advisor products.

Tax 105

Tax quickbooks online accounting accountant 105

CPA Practice

DECEMBER 14, 2023

Sean McDonnell cleveland.com (via TNS) Not long ago it looked like interest rates on mortgages would top 8%, but instead they’ve gone the other way. The average rate on a 30-year fixed mortgage was 6.95% Thursday, according to Freddie Mac, a government-sponsored home-loan agency. It had gotten as high as 7.79% in October, which was the highest rate seen since 2000.

Government 98

Government 98

AccountingDepartment

DECEMBER 14, 2023

We're happy to announce that AccountingDepartment.com is gearing up for its 10th Vistage ChairWorld event in January! As a proud National Sponsor for the past decade, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2024.

80

80

Advertisement

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.

financial statements

Accounting Today

DECEMBER 14, 2023

The U.S. has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there's a clear divide for miners and processors.

Tax 80

Tax Manufacturing 80

Withum

DECEMBER 14, 2023

The Internal Revenue Service (“IRS”), Department of Labor (“DOL”), and Pension Benefit Guaranty Corporation (“PBGC”) recently released the 2023 Form 5500s, rolling out significant reporting changes for the 2023 tax year. Form 5500 Reporting Changes Some of the more significant changes to note are as follows: New Participant Counting Method for Audits of Defined Contribution Plans The 2023 Form 5500 and Form 5500-SF Instructions have been modified to reflect the new participant counting method

audit 75

audit financial statements Legal Tax 75

Accounting Today

DECEMBER 14, 2023

The Institute of Management Accountants reported increased salaries and job opportunities for Certified Management Accountants as opposed to those without certifications.

management accounts 80

management accounts management accounting accountant Account 80

MineralTree

DECEMBER 14, 2023

What is Digital Invoice Approval? Digital invoice approval involves reviewing, approving, and processing invoices electronically prior to payment. An electronic approval workflow takes out the paper-based component of this process to improve transparency, allowing teams to accurately track the status of their invoices. As a result, finance teams increase efficiency , while reducing manual tasks.

accounts payable 66

accounts payable AP Processes AP Automation accounting and finance 66

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

Sales

Accounting Today

DECEMBER 14, 2023

The International Sustainability Standards Board is providing information to companies to help them adopt its sustainability and climate disclosure standards before they take effect in January.

accounting standards 78

accounting standards accounted Account accountant 78

CPA Practice

DECEMBER 14, 2023

The American Institute of CPAs has released information for accounting professionals on the potential impact to their out-of-state engagements if pending state bills altering licensure requirements are enacted. The document includes background information and a compliance checklist for CPAs to determine the impact on them if a state unilaterally changes its requirements necessary for licensure.

South Carolina 59

South Carolina cpas Minnesota CPA 59

Accounting Today

DECEMBER 14, 2023

The deal saved hundreds of Chinese companies in the U.S. from being booted off American stock exchanges but has done little to revive the flow of initial public offerings.

audit 75

audit 75

CPA Practice

DECEMBER 14, 2023

Top 30 accounting firm Sikich said on Thursday it has agreed to acquire the federal government practice of top 10 accounting firm CliftonLarsonAllen (CLA), a move that will expand the Naperville, IL-based firm’s presence in the Washington, D.C. market. More than 70 employees, including four principals, from CLA’s federal government practice will join Sikich’s D.C office after the transaction closes on Dec. 31.

Government 59

Government Washington Transportation accounting firms 59

Advertisement

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

DECEMBER 14, 2023

ERP systems need to be constantly reassessed as business needs shift and new priorities arise.

accounting software 105

accounting software Technology accountant accounted 105

Cherry Bekaert

DECEMBER 14, 2023

The Inflation Reduction Act of 2022 (IRA) brought substantial improvements to Section 48 that addresses rules for identifying and claiming an investment tax credit (ITC) for renewable energy and energy storage facilities. The IRA extended the timeframe for claiming, increased the amount for the initial investment, and broadened the types of technologies eligible for energy tax credits.

Tax 52

Tax accounting and finance Technology Finance 52

Accounting Today

DECEMBER 14, 2023

High-stakes Treasury guidance for claiming hydrogen production tax credits has drawn the ire of Senator Joe Manchin.

Tax 95

Tax 95

Insightful Accountant

DECEMBER 14, 2023

Learn about starting your own bookkeeping business through the BooXkeeping franchise opportunity. Build a successful business that delivers a vital service in a high-demand industry.

quickbooks 52

quickbooks bookkeeping 52

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.

Accounting Today

DECEMBER 14, 2023

Amazon said the ruling confirms that it "followed all applicable laws and received no special treatment.

Tax 78

Tax 78

CPA Practice

DECEMBER 14, 2023

By Steven Church, Bloomberg News (TNS) U.S. officials will take money away from victims of the fraud-tainted crypto firm FTX Trading Ltd. unless a judge rejects the government’s demand for $24 billion in unpaid taxes, the bankrupt company said in a court filing. The two sides were scheduled to be in court Wednesday arguing over the best procedures to determine how much of the IRS claim is legitimate.

Tax 52

Tax Delaware audit Government 52

Accounting Today

DECEMBER 14, 2023

Sikich, a Top 30 Firm based in Chicago, has signed an agreement to acquire the federal government practice of CliftonLarsonAllen LLP, a Top 10 Firm, effective Dec. 31.

Government 60

Government accountant accounted Account 60

CPA Practice

DECEMBER 14, 2023

The partners and colleagues of accounting, tax, and business consulting firm Hughes Pittman & Gupton, LLP, are joining EisnerAmper in a transaction expected to close in the spring of 2024. In a separate transaction, HPG’s wealth management practice, HPG Wealthcare Advisors, will transition to Prosperity, an EisnerAmper Company, later in 2024. HPG was founded in 1983 in Raleigh, North Carolina, and has grown to more than a dozen partners and a staff of almost 100.

North Carolina 52

North Carolina Real Estate Technology Manufacturing 52

Advertisement

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.