Cherry Bekaert

APRIL 30, 2024

As the saying goes, everyone makes mistakes. Just ask the Los Angeles Lakers, who recently unveiled the Kobe Bryant statue, which featured several easily avoidable spelling errors and mistakes at the base of the statue. While the Lakers are currently working to correct the typos, in the accounting world, the price of these unintentional errors and lack of oversight (due to talent shortages and/or strained capacity at the senior management or executive level) can be especially costly — financiall

CPA 52

CPA cpas audit accounting and finance 52

TaxConnex

APRIL 30, 2024

More states are plowing ahead with adding a new kind of expense to delivering in the eCommerce age. In what states do you have to watch for retail delivery fees (RDFs)? Q: Is this a “tax” or a “fee”? A: Most states refer to it as a fee, a distinction that allows lawmakers to avoid the voting process. RDFs are a relatively new concept: Colorado was first to roll one out, in July 2022.

Minnesota 264

Minnesota Retail Colorado Tax 264

RogerRossmeisl

APRIL 30, 2024

As posted to the Munro Live YouTube Channel on 4/24/2024 (Run Time 18 min, 42 sec) Sandy Munro and Armin von Czarnowski demonstrate how steer-by-wire works and examine the components that make it possible in the Cybertruck. Steer-by-wire differs significantly from a normal steering system in that there is no mechanical linkage between the steering wheel and the front wheels.

CPA 43

CPA Manufacturing cpa firm 43

BurklandAssociates

APRIL 30, 2024

Accountants and fractional CFOs play distinct but complementary roles in the financial management of venture-funded startups. The post Accountant vs. Fractional CFO: Choosing the Right Financial Expertise for Your Startup appeared first on Burkland.

Account 147

Account accounted accountant 147

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

RogerRossmeisl

APRIL 30, 2024

According to the Treasury, the US government has provided auto dealers with >$580 million in advance payments for consumer electric vehicle (EV) tax credits since 1/1/2024. Before 2024, American car purchasers were only eligible for the new electric vehicle (EV) credit of up to $7,500 or the $4,000 credit for used EVs when they submitted their tax returns in the subsequent year.

Tax 190

Tax tax return CPA Government 190

Accounting Today

APRIL 30, 2024

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

Tax 143

Tax income tax tax return 143

Accounting Today

APRIL 30, 2024

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.

accountant 127

accountant accounted Account 127

RogerRossmeisl

APRIL 30, 2024

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships such as an architecture or law firm. For example, partners in service partnerships may incur entertainment expenses in developing new client relationships. They may also incur expenses for: transportation to get to and from client meetings, professional publications, continuing education and home office.

Entertainment 130

Entertainment Transportation Education CPA 130

Accounting Today

APRIL 30, 2024

A staff report from the Public Company Accounting Oversight Board recommends digging into the factors underlying firm deficiencies.

Account 126

Account accountant accounted audit 126

RogerRossmeisl

APRIL 30, 2024

Working together can bring out the best — and worst — in families. Here are some issues business valuation experts consider when appraising these entities. Family members on the payroll Family-owned businesses aren’t usually run like large public companies. For starters, “family business” and “nepotism” often go hand in hand. Some business owners hire family members because they’re perceived as more trustworthy, while many hire them out of obligation or to satisfy a desire to pass the business o

payroll 130

payroll CPA 130

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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

Accounting Today

APRIL 30, 2024

The U.S. firm attributed the uptick to the return of business travel since the pandemic, according to its 2024 Impact Plan report.

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121

CPA Practice

APRIL 30, 2024

By Will Zacher. In a landmark experiment, researchers at AIGENCY have tested the limits of artificial intelligence (AI) by challenging state-of-the-art AI models with the rigorous Certified Public Accountant (CPA) exam. Their study, “Can LLMs Pass the CPA Exam? Evaluating Large Language Model Performance on the Certified Public Accountant test,” provides the first comprehensive assessment of AI’s potential in the accounting profession.

CPA 116

CPA public accounting audit Account 116

Going Concern

APRIL 30, 2024

It’s nice to see the internet getting heated about something other than politics for once. Enjoy it while you can, it’s an election year. So some guy tweeted the following on April 23: Me: really enjoyed the call. Please see attached financial modeling test Gen Z applicant: this looks like a lot of work. Without knowing where I stand in the process, I’m not comfortable spending 90 minutes in Excel Me:…well…I can tell you where you stand now — m. stanfield (@mu2myoc) April 23, 2

Real Estate 113

Real Estate accounted Account accountant 113

CPA Practice

APRIL 30, 2024

LinkedIn released its eighth annual Top Companies ranking last week—which identifies the 50 best places for professionals to develop their skills and grow their careers—and five of the largest public accounting firms in the U.S. made this year’s list, with two finishing within the top five. All 50 companies included in the 2024 ranking offer their employees what LinkedIn says are eight pillars that lead to career growth progression: Ability to advance Skills growth Company stability External opp

accounting firms 111

accounting firms Account accounted accountant 111

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Insightful Accountant

APRIL 30, 2024

Docyt and x·quic have partnered to deliver bundled financial services for hotel owners and franchisees.

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105

CPA Practice

APRIL 30, 2024

[ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] The Oklahoma Society of Certified Public Accountants represents professionals in the Sooner State on a timely, responsive, and creative basis, by promoting the public image and professionalism, protecting the interests and designation of CPAs, providing member services, including quality education and opportuniti

Oklahoma 110

Oklahoma cpas CPA Education 110

Insightful Accountant

APRIL 30, 2024

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

quickbooks 105

quickbooks 105

CPA Practice

APRIL 30, 2024

By Dr. Sangeeta Chhabra Make no mistake, cloud platforms have become pivotal In the ever-evolving landscape. This is mainly due to the synergy between security and emerging technologies, which have laid the groundwork for unparalleled possibilities that many accountants may still not be aware of. In this article, we will shed light on specifically how cloud platforms unlock endless opportunities, prioritize security, and embrace cutting-edge technologies.

Account 107

Account accounted accountant Technology 107

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Accounting Today

APRIL 30, 2024

Taxpayers and clients have scads of wrong ideas about taxes — and they have even more wacky notions about tax refunds.

Tax 104

Tax tax planning 104

Insightful Accountant

APRIL 30, 2024

We have an update for May's QB Talks with Alicia Katz Pollock. Take a look!

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103

Reckon

APRIL 30, 2024

Okeydokey, there’s been some grim Australian business news pouring in throughout this April. We sorted through the chaff to collate the most newsworthy developments for the month to keep you well informed. So, what happened in the world of business during April, and how might it affect you as a small business owner? Business insolvencies are up over the last 24 months and will likely continue Business insolvencies over FY2023 and FY2024 are up significantly and are set to continue until the new

income tax 97

income tax Construction Manufacturing Tax 97

CPA Practice

APRIL 30, 2024

A majority of workers, including 86% of Gen Z, are stressed about their financial situation and report losing an average of more than 7 hours of productivity each week due to their financial stress, according to BrightPlan ‘s 2024 Wellness Barometer Survey on the state of workforce well-being. The problem is only getting bigger with younger generations seeing the most impact — Gen Z reports over 8 hours a week in lost productivity.

Finance 97

Finance 97

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Accounting Today

APRIL 30, 2024

The International Sustainability Standards Board published a new taxonomy to help investors analyze sustainability disclosures.

accounting standards 83

accounting standards accountant accounted Account 83

KROST

APRIL 30, 2024

KROST’s Restaurant Practice Leader, Jean Hagan, is attending the National Restaurant Association Show on May 18th – 21st. The conference will be held at McCormick Place in Chicago, Illinois. The exclusive four-day event is packed with learning sessions, networking, innovative forums, exhibitor booths, educational speaker sessions, and more.

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Illinois Education 83

Accounting Today

APRIL 30, 2024

Sovos announced the launch of Sovos Indirect Taxes, which features e-invoicing capacities and integrates with over 70 ERPs and transaction management systems.

Tax 78

Tax Sales 78

Withum

APRIL 30, 2024

Spring is a time of renewal for many. It is a time to refresh and adjust in preparation for a new season. It’s also a great time to look at your practice’s operating agreement or consider drafting an agreement if you don’t already have one. Operating agreements are the road map for how your business will be managed and how your entity will be governed.

Legal 75

Legal Healthcare Government CPA 75

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

Accounting Today

APRIL 30, 2024

The accounting snarls add to the struggling electric-vehicle maker's issues with cash burn and sluggish auto sales.

Account 72

Account accounted accountant Sales 72

Withum

APRIL 30, 2024

On April 1 st (officially 04/04/2024), the Department of Defense (DoD), General Services Administration (GSA) and National Aeronautics and Space Administration (NASA) issued a final rule amending the Federal Acquisition Regulation (FAR). The amendment adds the framework for a new FAR part 40 on information security and supply chain security. The effective date for this ruling is 05/01/2024.

Government 72

Government 72

AccountingDepartment

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

Gaming 67

Gaming accounting and finance Technology Finance 67

Cherry Bekaert

APRIL 30, 2024

Second Round of Section 48C Applications Have Opened The Internal Revenue Services (IRS) has released Notice 2024-36 , which provides taxpayers the timeline for beginning the second round of the Section 48C Advanced Energy Project Credit (Section 48C) allocations. The Section 48C program is an allocation-based credit, funded with $10 billion of tax credit allocation by the Inflation Reduction Act (IRA).

Manufacturing 64

Manufacturing Transportation Tax 64

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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.