Accounting Today

OCTOBER 7, 2024

The Center for Audit Quality and the Anti-Fraud Collaboration released a new publication on the role of the auditor in assessing and responding to fraud risk.

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auditor audit 122

CPA Practice

OCTOBER 7, 2024

The Department of the Treasury and the Internal Revenue Service today issued final regulations identifying certain syndicated conservation easement transactions as “listed transactions” – abusive tax transactions that must be reported to the IRS. Syndicated conservation easements have been included in the IRS’ annual list of Dirty Dozen tax schemes for many years.

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Accounting Today

OCTOBER 7, 2024

Companies increasingly expect their audit firms to leverage artificial intelligence to aid the audit process, according to a new survey from BDO.

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auditor audit 122

Withum

OCTOBER 7, 2024

Explore Other Episodes #CivicWarriors #WithumImpact The post Advocacy and Achievement With Blinded Veterans Association appeared first on Withum.

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Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

Accounting Today

OCTOBER 7, 2024

The new rules require that certain syndicated conservation easements must be reported to the IRS.

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Tax 118

Going Concern

OCTOBER 7, 2024

What’s this? Not Financial Times reporting that EY partners will have about two percent of their annual compensation “taken to help the firm manage cash flow” after the firm’s wallet took a hit for FY24! *distant sound of small violins begins to crescendo* US partners at EY have been told the firm will hold back some of their pay for 2024 after a tough financial year that has left the accounting firm’s leaders facing criticism from their rank and file.

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audit Account accounted accountant 22

Xero

OCTOBER 7, 2024

This month’s Xero product updates include exciting new features and enhancements to streamline your workflows and boost productivity. From rolling out new tools for our accountants and bookkeepers, to improvements to the Xero Accounting app, and tools for managing inventory, Xero’s October updates offer valuable enhancements for both small businesses and advisors alike.

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accounting apps accounting and finance bookkeeping Finance 100

CPA Practice

OCTOBER 7, 2024

By Tammy Ayer Yakima Herald-Republic, Wash. (TNS) Oct. 4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. Taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments, according to a news release from the IRS.

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Accounting Today

OCTOBER 7, 2024

Too many accounting firms are relying on outdated or inappropriate data to measure their success, says Sarah Dobek.

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accounting firms accounted Account accountant 72

Withum

OCTOBER 7, 2024

It is common for business owners and employers to reimburse employees for out-of-pocket expenses incurred when performing their job functions. However, not all expenses are reimbursed. Prior to the Tax Cuts and Jobs Act of 2017 (“TCJA”), unreimbursed out-of-pocket expenses paid by employees were treated as a miscellaneous itemized deduction on an employee’s personal tax return to the extent these out-of-pocket expenses exceeded 2% of the employee’s adjusted gross income.

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Expense Reimbursements Account accounted accountant 59

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

Accounting Today

OCTOBER 7, 2024

Private sector employment increased by 143,000 jobs in September, while annual pay rose 4.7% year-over-year, payroll giant ADP reported.

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payroll Account accountant accounted 69

CPA Practice

OCTOBER 7, 2024

A new survey finds that in one in 5 workers aren’t following their company’s RTO policy. The survey was commissioned by ResumeBuilder.com , a resource for resume templates and career advice.Employees on a hybrid schedule show higher rates of non-compliance. To get around the mandate, workers are leaving early or even enlisting the help of a co-worker to swipe or sign them in.

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Transportation 59

Accounting Today

OCTOBER 7, 2024

The IRS has pushed back filing and payment deadlines for those impacted by the fires that began last June 22.

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Washington Tax 69

VJM Global

OCTOBER 7, 2024

The Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 provides for the procedure to be followed for importing goods at a concessional rate of duty. Earlier, the importers were required to file all the forms under Customs IGCR Rules manually with customs authorities. The process of claiming the benefit of the concessional rate of duty has been made automatic from 1st March 2022 onwards.

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Tax 52

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

Accounting Today

OCTOBER 7, 2024

Bloomberg Tax and Accounting announced the launch of its Innovation Studio, which offers select customers access to solution still in development. Its latest offering is a new AI Assistant feature.

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VJM Global

OCTOBER 7, 2024

The CBIC has received various representations to clarify the place of supply for “Data Hosting Service” provided by a supplier located in India to a “Cloud Computing Service Provider” located outside India. As per representations received, some of the field formations are of the view that the place of supply of such service shall be the location of the service provider, i.e., India, and therefore, the benefit of export of services shall not be available on such supply of service.

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Maine Account accounted accountant 52

Accounting Today

OCTOBER 7, 2024

Bookcases full of accounting and tax reference materials were useful at one time, but not so much anymore.

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Tax Account accounted accountant 69

VJM Global

OCTOBER 7, 2024

In the 54th GST Council meeting , the GST Council recommended introducing an Invoice Management System (IMS) on the GST Portal. At the time of the introduction of GST, it was planned to make GST on the two-way communication model between the supplier and the recipient, i.e., the recipient could take action on the invoices furnished by the supplier in his GST return.

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Account accounted accountant Tax 52

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Insightful Accountant

OCTOBER 7, 2024

As far as the International ProAdvisor Awards are concerned, the ‘more, the better.’ Murph explains how the Top 50 International Awards are ‘weighted’ on a hemispheric basis.

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CPA Practice

OCTOBER 7, 2024

CPA Practice Advisor wants to highlight those in the accounting and tax communities who have begun or are in the process of mobilizing efforts to help those impacted by Hurricane Helene. Whether it’s providing important news and resources on your website or volunteering to help residents or businesses in your community, we want to share what you or your organization is doing.

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Anders CPA

OCTOBER 7, 2024

There’s no doubt that the cannabis business is like no other: taxes , banking, financing , regulations, licenses, referendums. The landscape varies so widely, not just by state but even by town. Competition comes in all forms: the illegal market, hemp-derived products, other operators. But at the end of the day, when it comes to dollars and cents, it’s still a business.

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ThomsonReuters

OCTOBER 7, 2024

Unlocking simplicity in tax research Navigating the complex world of tax research can be daunting. Tax professionals often grapple with an ever-evolving landscape of new regulations , intricate tax codes, and the need for precise and timely information. Furthermore, advisory opportunities introduce new and diverse demands that can increase the complication of responsibilities.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

Insightful Accountant

OCTOBER 7, 2024

Alicia Katz Pollock provides insight into Intuit's new Enterprise Suite prior to our QB Talks October session on October 23rd at 2pm EST.

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Gaming 52

VJM Global

OCTOBER 7, 2024

The Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 provides for the procedure to be followed for importing goods at a concessional rate of duty. Earlier, the importers were required to file all the forms under Customs IGCR Rules manually with customs authorities. The process of claiming the benefit of the concessional rate of duty has been made automatic from 1st March 2022 onwards.

Tax 52

Tax 52

Shay CPA

OCTOBER 7, 2024

For tech startups operating in Manhattan, especially those that have recently raised Seed or Series A rounds, the Commercial Rent Tax (CRT) can be an unexpected expense. If you’re leasing office space in Manhattan south of 96th Street and your annual rent exceeds $250,000, you may be liable for this tax. Without the right internal finance processes in place, missing or skipping these filings can result in late penalties, cutting into your newly raised capital.

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Tax Finance CPA bookkeeping 40

VJM Global

OCTOBER 7, 2024

The CBIC has received various representations to clarify the place of supply for “Data Hosting Service” provided by a supplier located in India to a “Cloud Computing Service Provider” located outside India. As per representations received, some of the field formations are of the view that the place of supply of such service shall be the location of the service provider, i.e., India, and therefore, the benefit of export of services shall not be available on such supply of service.

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Maine Account accounted accountant 52

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

Menzies

OCTOBER 7, 2024

Menzies LLP - A leading chartered accountancy firm. Please note that the following is all subject to agreement and so is an outline of the current proposed trading landscape for Northern Ireland. Update to the movement of goods, in parcels or large letters, between Great Britain and Northern Ireland The following summary of HMRC guidance applies to the Royal Mail Group, being the UK’s designated Universal Postal Union provider and express carriers, being companies that deliver parcels within a s

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chartered accountant accounting firms Account accounted 52

VJM Global

OCTOBER 7, 2024

In the 54th GST Council meeting , the GST Council recommended introducing an Invoice Management System (IMS) on the GST Portal. At the time of the introduction of GST, it was planned to make GST on the two-way communication model between the supplier and the recipient, i.e., the recipient could take action on the invoices furnished by the supplier in his GST return.

Account 52

Account accounted accountant Tax 52

Menzies

OCTOBER 7, 2024

Menzies LLP - A leading chartered accountancy firm. Please note that the following is all subject to agreement and so is an outline of the current proposed trading landscape for Northern Ireland. Update to the movement of goods, in parcels or large letters, between Great Britain and Northern Ireland The following summary of HMRC guidance applies to the Royal Mail Group, being the UK’s designated Universal Postal Union provider and express carriers, being companies that deliver parcels within a s

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chartered accountant accounting firms Account accounted 52

Withum

OCTOBER 7, 2024

After many years of proposed legislation and revisions, the Biden Administration passed the Fair Labor Standards Act (FLSA), effective July 1, 2024. This new regulation increases the minimum salary amount that employers must pay to be considered for exemption from the overtime pay requirements. The FLSA adjusted the threshold for overtime pay to be applicable for those employees who make less than $43,888 on July 1, 2024, and $58,656 on January 1, 2025.

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Technology