Going Concern
AUGUST 7, 2024
Comment on “ How are layoffs decisions really made? ” via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked up by the generative AI models feasting off Reddit data and repeated as if it is fact like the 11-year-old comment by a user named fucksmith that said to put glue in pizza sauce to make the cheese stick. * Not actual advice.
CPA Practice
AUGUST 7, 2024
The Internal Revenue Service and the Security Summit partners are reminding tax professionals that using multi-factor authentication is now more than an important protection for their businesses and their clients – it’s now a federal requirement. All tax professionals are now required under the Federal Trade Commission’s safeguards rule to use multi-factor authentication, or MFA, to protect clients’ sensitive information.
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Accounting Today
AUGUST 7, 2024
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
CPA Practice
AUGUST 7, 2024
Deloitte’s newly released study, “ Leadership, governance and workforce decision-making about ethical AI ,” found C-level leaders are implementing strategic governance around AI to ensure the ethical use and development of this technology, and most (89%) believe these ethical governance structures will support their organization’s ability to innovate on technology.
Speaker: Chandra McCormack, CPA, MBA, NACD.DC
Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.
Accounting Today
AUGUST 7, 2024
It's critical that business owners comply with their state's rules, or they could face fines and other penalties.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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Insightful Accountant
AUGUST 7, 2024
Current IRS focus areas include renewable energy tax credits, corporate stock repurchase taxes, and cryptocurrency transactions. But, with the upcoming election, accountants and tax professionals are anticipating more widespread regulatory changes.
CPA Practice
AUGUST 7, 2024
Do your clients’ eyes glaze over when you start to explain accounting analysis or business strategy to them? Clients are often great at what they do in their business, but not too many clients are good at what we accountants do. Sometimes, we could use a little help to put things in our clients’ languages. This is where ChatGPT can really help. ChatGPT is great at analogies.
Going Concern
AUGUST 7, 2024
We’re a bit behind combing through the National Pipeline Advisory Group (NPAG) Accounting Talent Strategy Report released a couple days ago (it’s almost 100 pages, that’s a lot of reading for the burnouts on our staff) so while we continue to do that with the finest of fine-toothed combs, check out this chart from page 59: Immediately following this chart the report says: If 2022 starting salaries were the primary determinant for business students choosing a major, accounting w
CPA Practice
AUGUST 7, 2024
Americans are planning to take longer stretches of time off this summer, according to Allianz Partners USA ‘s 16 th Annual Vacation Confidence Index. New research indicates that travel remains a strong priority based on an increase in both average trip length and average spend on room nights, with staggering splurge statistics reported for three-night getaways.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
AUGUST 7, 2024
Heirs and their financial advisors should start figuring out how to minimize the tax impact of the end of the so-called stretch strategy, experts said.
CPA Practice
AUGUST 7, 2024
Three broad-based measures of farmer sentiment improved in July as the Purdue University/CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Despite declines in corn and soybean prices from mid-June to mid-July — Eastern Corn Belt cash prices fell 11% and 5%, respectively — farmer sentiment improved in July.
Accounting Today
AUGUST 7, 2024
China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.
GrowthForceBlog
AUGUST 7, 2024
8 min read August 7th, 2024 When thinking about the back office and how it serves a business, most business owners think about compliance, audits, and taxes. Key Takeaways What Is Management Accounting: Management accounting processes collect your business's financial data (and other data) to generate management reports, track key metrics, inform decisions, and.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
ThomsonReuters
AUGUST 7, 2024
Today’s tax and accounting firms stand on the brink of a transformative era, driven by the rapid integration of Artificial Intelligence (AI). The “ Future of Professionals Report 2024 ” by Thomson Reuters offers a comprehensive look into how firms within this sector perceive the future of their industry, particularly in relation to AI.
Canopy Accounting
AUGUST 7, 2024
Glenn Harper and Julie Smith share their journey in transforming a traditional CPA firm into a modern, advisory-focused business. They discuss the importance of process optimization, leveraging technology, and establishing clear client profiles. Glenn and Julie share their experiences and insights on improving operational efficiency and empowering other firms through their consulting venture, Empower CPA.
Insightful Accountant
AUGUST 7, 2024
One of the mid-year enhancements to QB Enterprise is the Inventory Turnover Report, which we told you in our 2024 QuickBooks Summary, was planned for late release.
Accounting Today
AUGUST 7, 2024
Through Tipalti's plaform, Top 100 Firm CohnReznick will helps its clients improve efficiency of global payables processes.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
Accounting Today
AUGUST 7, 2024
Plus, AI and the SMB landscape, the evolution of Chromebooks and other recent developments in technology.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
CPA Practice
AUGUST 7, 2024
This webinar will be held on Tuesday, September 10, 2024 at 3:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now As online communication and storage become the new norm for the tax preparation industry, data thieves have taken advantage of more opportunities to steal sensitive taxpayer information. Tax preparers can take steps to protect themselves and their clients by understanding and establishing a clear, strategic data protection plan for their businesses.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
VJM Global
AUGUST 7, 2024
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections: Section 73: Where tax is short paid or not paid for any reason other than fraud or any willful misstatement of facts or suppression of facts; Section 74: Where tax is short paid or not paid for any reason of fraud or any willful misstatement of facts or suppression of facts; Under both sections, separate time lim
Insightful Accountant
AUGUST 7, 2024
With over 80 countries implementing e-invoicing mandates, Vertex, a provider of tax technology solutions, has announced the acquisition of ecosio, a B2B integration provider specializing in electronic data interchange (EDI) and e-invoicing.
VJM Global
AUGUST 7, 2024
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors. This budget focused on key pillars namely Women, Youth, employment and farmers. Apart from various amendments proposed under Income Tax Act, series of amendments was also proposed under Goods and Service tax Act in line with recommendations made during 53rd GST Council meeting.
Ryan Lazanis
AUGUST 7, 2024
I’ve built remote teams for over a decade. If you want to hire offshore team members, make sure you avoid these 7 big misconceptions. The post 7 Big Misconceptions Firms Have About Overseas Offshoring appeared first on Future Firm.
Speaker: Duke Heninger
With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.
CPA Practice
AUGUST 7, 2024
Vince Golle Bloomberg News (TNS) U.S. 30-year mortgage rates plunged last week by the most in two years, reaching their lowest level since May 2023 and sparking a surge in refinancing applications. The contract rate on a 30-year fixed mortgage declined 27 basis points to 6.55% in the week ended Aug. 2, according to Mortgage Bankers Association data released Wednesday.
Anders CPA
AUGUST 7, 2024
In this episode, Guillermo welcomes Phoebe Depree, Founder and CEO of Goddess Growers , who shares her journey into the cannabis industry and the creation of her brand. They discuss her business model, which involves licensing the brand to qualified manufacturers, and emphasizes the importance of retailer education. Phoebe highlights her unique product line of precisely dosed edibles designed for anxiety relief, incorporating THC, CBD, and a proprietary blend.
LSLCPAs
AUGUST 7, 2024
In an era where financial transparency in government entities is essential, the Governmental Accounting Standards Board (GASB) has introduced Statement No. 103 – a transformative directive poised to refine the financial reporting model. This pivotal statement is designed to enhance the model’s effectiveness, ensuring that it serves as a tool for decision-making and a benchmark.
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