Accounting Today
OCTOBER 1, 2024
As more and more professional services organizations lean on AI-driven tools to enable new ways of working, there is some question as to how this will impact pricing models.
TaxConnex
OCTOBER 1, 2024
Information technology companies face a special challenge in sales tax and regulatory compliance, chiefly because of what you sell and how you sell it. What do you do exactly? Sell Software as a Service (SaaS)? Provide an information service? A telecom service? Your company probably fits into at least one of these categories – or more than one, which is where sales tax obligations and regulatory compliance can get complicated.
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BurklandAssociates
OCTOBER 1, 2024
For healthcare founders, the MSO/PC model simplifies scaling, ensuring compliance with CPOM while allowing you to focus on delivering quality care. The post The MSO/PC Advantage for Scaling a Healthcare Startup appeared first on Burkland.
CPA Practice
OCTOBER 1, 2024
The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.
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
OCTOBER 1, 2024
The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.
Going Concern
OCTOBER 1, 2024
We noticed this morning that an October 2022 article we wrote about Fat Joe suing BDO was suddenly getting a lot of views today, now it’s clear why. FT says in a fresh story that 54-year-old rapper Jay-Z — real name Shawn Carter aka Mr. Bey — severed his relationship with BDO “following accusations that a staff member had been stealing money from customer accounts.” That former staff member is Vanessa Rodriquez, assistant to Andre N.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 1, 2024
The IRS on Sept. 30 requested public comments on draft Form 7217 and instructions for draft Form 7217. Last month the IRS posted revised draft Form 7217, with the new title “Partner’s Report of Property Distributed by a Partnership.” This is a new form for tax year 2024 applicable to distributions to partners made during that tax year. The purpose of Form 7217 is to report all distribution of property that a partner receives from a partnership.
Going Concern
OCTOBER 1, 2024
Exact numbers on EY UK partner pay haven’t been revealed yet but we do know that it isn’t going to be great. While we wait for those numbers and our shipment of tiny violins to arrive, figures on two other firms across the pond are out: Deloitte and PwC. TLDR: Big D partners won this round by quite a bit. Woe Be Unto PwC UK Partners PwC UK partners pocketed £862,000 on average for the year ended June 30, 2024 — that works out to more than $1.14 million in freedom units.
Accounting Today
OCTOBER 1, 2024
This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?
CPA Practice
OCTOBER 1, 2024
Average public accounting salaries in audit/assurance are expected to range from $80,000 for an associate to $140,550 for a manager in 2025, while the average salaries for roles in tax are projected to range from $79,800 for an associate to $172,200 for a senior manager next year, according to LHH Recruitment Solutions. The global talent solutions provider recently released its 2025 Salary Guide , which includes pay expectations for a variety of positions in accounting and finance.
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.
Anders CPA
OCTOBER 1, 2024
Anders Technology welcomes Dave Blatt as a Technology Consulting Principal. Dave will lead Anders Technology’s AI and Automation services, empowering clients to achieve operational efficiencies and explore the innovative capabilities of AI. Anders is investing in these powerful solutions to help mid-tier businesses increase productivity, efficiency, scalability and cost-effectiveness.
CPA Practice
OCTOBER 1, 2024
Avantax Inc., a unique community within Cetera Holdings and a provider of tax-focused financial planning and wealth management, has acquired SEP Financial Services, founded by veteran independent financial advisor Stephen E. Plain, who’s been affiliated with Avantax for 25 years. Plain chose to evolve his relationship with Avantax as the core to his succession plan, which involves his practice and clients transitioning to Avantax Planning Partners (APP), the employee-based model of Avantax.
Accounting Seed
OCTOBER 1, 2024
Learn how Accounting Seed can automate your Accounts Payable to simplify payments, improve spend management, and drive faster growth.
CPA Practice
OCTOBER 1, 2024
Top six accounting firm BDO USA has promoted 56 individuals to principal, effective Oct. 1. This latest class of rainmakers is slightly smaller than the 60 principals the firm added last year at this time. I’m pleased to welcome these talented individuals to our principal ranks and congratulate them on this significant career achievement,” BDO USA CEO Wayne Berson said in a statement.
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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.
Accounting Today
OCTOBER 1, 2024
The Chicago-based accounting business backed by private equity, has completed the acquisition of a tax preparation, planning, advisory and accounting firm based in Rockville, Maryland.
CPA Practice
OCTOBER 1, 2024
As part of its ongoing efforts to expand online tools and improve user experiences for both individual and business taxpayers, the IRS announced on Monday it has launched a new pilot program to enhance secure messaging for large corporations with multiple representatives during the appeals process. From Sept. 30, 2024, through March 31, 2025, the IRS Independent Office of Appeals’ Secure Messaging Program Office is piloting “corporate group mailboxes,” allowing eligible business taxpayers with a
Xero
OCTOBER 1, 2024
When you think of ‘circular fashion’ you might think of donating your old clothes and items to local charity shops, or online marketplaces. But what about consignment stores that pay you for your most-loved items and offer credit notes that allow you to refresh your wardrobe at the same time? That’s exactly what Kirsta Hawkins, owner of sustainable consignment store Mutual Muse, wanted to bring Australian shoppers when she opened her first store in 2014.
Mark Lee
OCTOBER 1, 2024
A journalist once surprised me with a question I wasn’t anticipating: “What is the worst mistake accountants can make when they are trying to ‘close’ a prospective client?” When I later reflected on my instinctive reply I was satisfied it contained good advice – especially as some accountants may be unaware they are making this mistake. I have expanded on it below and explained the downsides of making the mistake in question.
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
Accounting Today
OCTOBER 1, 2024
Job growth at small businesses moderated slightly in September, but hourly earnings growth reached 3.01%, up from 2.95% in August, payroll provider Paychex reported.
CPA Practice
OCTOBER 1, 2024
Accounting software provider Sage is enhancing its supply chain solution capabilities by acquiring Anvyl, a New York-based technology firm focused on the high-growth $20 billion supply chain software sector. Financial terms of the deal weren’t disclosed. Mark Hickman “Our acquisition of Anvyl reinforces Sage’s commitment to offering comprehensive back-office solutions for small and midsized businesses, particularly in supply chain management,” Mark Hickman, managing director, North America at S
Accounting Today
OCTOBER 1, 2024
Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.
CPA Practice
OCTOBER 1, 2024
Zone & Co , the leading provider of ERP-expanding software solutions for the CFO’s office, today announced its new ZoneBilling AI Assistant, a groundbreaking tool designed to enhance user experience by providing instant, contextual answers to user queries without leaving their workspace. This AI assistant represents a significant step forward in the company’s mission to streamline operations and reduce friction for finance teams.
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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.
Withum
OCTOBER 1, 2024
I have always liked Chris Farley and, in particular, his movie Tommy Boy. I have it recorded, but I seem to watch parts of it whenever I am channel surfing and catch it on. Recently, I decided to watch it from the beginning, and a scene caught my attention that provided the inspiration for this blog. The scene was Chris in the role of Tommy sitting dejectedly with a shot of the Callahan Auto Parts sign over some trucks in a loading bay.
Anders CPA
OCTOBER 1, 2024
Anders Technology, an advisory service line of Anders CPAs + Advisors, is thrilled to announce that it has been awarded the XCellence Award for Best Newcomer at The Channel Company’s 2024 Fall Midsize Enterprise Summit in Tampa, Florida. This achievement highlights Anders Technology’s technical expertise and dedication to serving the midmarket.
Accounting Insight
OCTOBER 1, 2024
The Millennials (Gen Y) and arrival of Generation Z in the workforce is transforming how businesses operate. Often stereotyped—Millennials as tech-savvy yet fickle, and Gen Z as pragmatic and bold—these generations are driving significant changes in workplace dynamics. Raised in an era of instant access and global interconnectedness, both generations bring fresh perspectives that challenge the status quo of traditional management.
Accounting Today
OCTOBER 1, 2024
Aiwyn announced the release of PracticeOS, a vendor agnostic practice management platform specifically for accounting firms.
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 Insight
OCTOBER 1, 2024
Indicator, part of the Lefebvre Sarrut group, the European leader in legal and tax knowledge, launches its conversational AI assistant – GenIA-L – to the UK tax and accountancy market. Indicator are thrilled to announce the launch of GenIA-L, an unprecedented AI tool designed specifically for tax advisors and accountants across the UK. GenIA-L takes tax advisory into the digital age with machine learning capabilities, offering tailored advice through an intuitive chat interface, and
Accounting Today
OCTOBER 1, 2024
Without an income tax, Washington has one of the most regressive tax systems in the U.S.
Insightful Accountant
OCTOBER 1, 2024
The Internal Revenue Service (IRS) is leveraging artificial intelligence (AI) chatbots to enhance taxpayer assistance, with potential implications for tax practitioners and their clients.
Dent Moses
OCTOBER 1, 2024
When selling capital assets like stocks, real estate, or mutual funds, understanding how capital gains taxes are applied can help maximize your returns. Understanding the distinctions between short- and long-term capital gains, federal and state tax rates can help you manage your tax liability effectively and manage optimize your financial outcomes.
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