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 253

Minnesota Retail Colorado Tax 253

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 184

Tax tax return CPA Government 184

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.

accountant 147

accountant Account accounted 147

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

RogerRossmeisl

APRIL 30, 2024

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income tax issues you face when selling an appreciated vacation home. Scenario 1: You’ve never used the home as your primary residence In this case, the home sale gain exclusion tax break (up to $250,000 or $500,000 for a married couple) is unavailable.

Tax 130

Tax income tax CPA Sales 130

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 accountant 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 114

Real Estate accountant Account accounted 114

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

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 accountant Account accounted 111

Accounting Today

APRIL 30, 2024

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

accountant 126

accountant Account accounted audit 126

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

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

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

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.

accountant 107

accountant Account accounted Technology 107

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

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

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

Xero

APRIL 30, 2024

We want to make sure the needs of small businesses and their advisors are met well into the future — and that means providing you with easier access to tools that help you run your business efficiently. That’s why we’re refreshing our subscription plans for small businesses and partners, which will be available from 1 July 2024. We’ve put a lot of consideration into creating streamlined plans with bundled tools and features, to help solve your most important accounting and people managemen

bookkeeping 98

bookkeeping payroll accounting basics tax return 98

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.

121

121

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

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

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

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.

Illinois 83

Illinois Education 83

Insightful Accountant

APRIL 30, 2024

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

105

105

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

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.

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 CPA Government 75

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

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

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 accounted Account accountant 83

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.

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

Insightful Accountant

APRIL 30, 2024

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

103

103

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

Withum

APRIL 30, 2024

As we step into spring, Microsoft Teams is planning to release a suite of exciting new Teams features and updates that promise to enhance the way we connect and collaborate. Teams is gearing up to offer a more seamless, intuitive and productive virtual workspace. Whether you’re managing projects, hosting meetings or simply catching up with your team, these updates are designed to elevate your Teams experience to new heights.

59

59

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.