Accounting Today
SEPTEMBER 19, 2024
National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.
CPA Practice
SEPTEMBER 19, 2024
By Isaac Bock. The new tax season of 2024 brings multiple changes and updates, which makes it a rather challenging time for all tax professionals. At a minimum, tax professionals need to stay sharp and up to date with the laws and regulatory requirements that change from year to year. This year is marked by unique challenges under tax law, with new IRS regulations and sector-specific concerns.
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Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.
CPA Practice
SEPTEMBER 19, 2024
Three people who blew the whistle on a longstanding tax evasion scheme will share a $74 million payout from the IRS, one of the largest awards in the history of the agency’s whistleblower program. The individuals, whose identities remain protected, disclosed an offshore tax evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual, Bloomberg reported.
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
SEPTEMBER 19, 2024
Navigating Medicare can be a complex task for retirees, and accountants play a crucial role in guiding their clients through this essential aspect of retirement planning.
Going Concern
SEPTEMBER 19, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #15191471 Certifications: EA in progress Education: BA Accounting Experience (years): 7+
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 19, 2024
Are human resources (HR) teams spending a disproportionate amount of time on administration? That is one of the finding in the 2024 State of Employee Financial Wellness Report from Payroll Integrations. HR managers say they spend 12 hours on average, or more than one-fourth of their week, on payroll and benefit-related administrative tasks–with 27% of them spending 20 hours or more.
Accounting Today
SEPTEMBER 19, 2024
Startups will need to clean up their recordkeeping if they want to have any hope of raising new venture capital.
CPA Practice
SEPTEMBER 19, 2024
The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results. These unscrupulous “mills” use aggressive marketing to make false claims of guaranteed settlements for “pennies-on-the-dollar,” or will say there’s a limited window of time to resolve tax debts through the IRS Offer in Compromise (OIC) program.
Accounting Today
SEPTEMBER 19, 2024
Journey's end; just shocking; house cleaning; and other highlights of recent tax cases.
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.
AccountingDepartment
SEPTEMBER 19, 2024
The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!
Insightful Accountant
SEPTEMBER 19, 2024
Kathy Grosskurth is our featured 2024 Top ProAdvisor this week. Kathy has her own Bookkeeping practice in Ormond Beach, Florida.
Going Concern
SEPTEMBER 19, 2024
It’s rare we write about $40 million firms over here as we focus on the behemoths of professional services but we’re writing about ATA Partners’ recent deal with Copley Equity Partners today because the private equity deals are coming hard and fast and unlike the happenings of small firms, that’s something we’re interested in.
SkagitCountyTaxServices
SEPTEMBER 19, 2024
Cue the pumpkin stands, trick-or-treating supplies, mannequins with sweaters, and the way-too-perfect apple-picking photos in your social media feed. The calendar flipped to September and suddenly it’s fall … y’all. (Saw that one on a scrolling bank sign yesterday, so you know it must be true.) For you, know that this is the beginning of the holiday cycle, which serves as a good reminder of things to prepare for in the coming months.
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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.
CPA Practice
SEPTEMBER 19, 2024
In an era dominated by digital communications, the act of sending mail might seem like a relic of the past. However, a new survey commissioned by Stamps.com , a leading provider of postage and shipping solutions from Auctane , reveals that mail is far from obsolete. From personal letters to essential business documents, consumers and companies alike are still mailing, driven by a desire for personal connection and reliable communication.
Accounting Today
SEPTEMBER 19, 2024
Three people shared the award after disclosing an offshore tax-evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual.
Withum
SEPTEMBER 19, 2024
The Governmental Accounting Standards Board (GASB) issued Statement No. 101 to provide updated guidance on the recognition and measurement of compensated absences for government entities. This statement aims to enhance the clarity and consistency of financial reporting for compensated absences, ensuring that financial statement users receive accurate and comparable information.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Financial Services team have compiled a Wishlist for the sector, covering key areas such as FinTech, and skilled workers in the industry, New Government The new government brings with it renewed hope that the financial services (FS) sector will receive much-needed attention in the upcoming budget, something that has been lacking for quite some time.
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
SEPTEMBER 19, 2024
The Internal Revenue Service has proposed guidance on the credit, which was modified by the Inflation Reduction Act.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. With the new Labour Government’s first budget approaching on 30 th October 2024, our Hospitality & Leisure team are looking ahead to what Keir Starmer could do to alleviate the ongoing challenges faced by the sector. The messaging coming out of Downing Street suggests the budget may be better placed on Halloween one day later, but our team are calling for positive change to propel the industry forward.
Accounting Insight
SEPTEMBER 19, 2024
FOI request to The Insolvency Service shows the proportion of businesses choosing to liquidate has more than tripled, with a record 12-fold increase in 2021. More than a decade of challenges, such as austerity, Covid, wars, and financial crises, means UK business leaders are increasingly choosing to liquidate their companies rather than being forced to, according to a Freedom of Information (FOI) request by Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustaina
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Manufacturing sector team have compiled a Wishlist for the sector, covering key areas such as a government tax roadmap, full expensing, innovation, and education investment for the sector. Tax Roadmap For the manufacturing sector, a detailed tax roadmap from the government, which sets out anticipated tax reforms and their implementation timetables, would provide much-needed clarity and and allow busin
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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.
Reckon
SEPTEMBER 19, 2024
The Australian Tax Office and the Treasurer, Jim Chalmers, have released more details on the Payday Super scheme, which will take effect on July 1, 2026. The scheme was announced in the 2023-2024 Federal Budget and outlines that employers must pay their employees’ superannuation guarantee contributions alongside their regular salary and wages. This is quite an adjustment, as Aussie businesses have had to follow regular guidelines of contributing their employees’ super guarantees every quarter.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ T&L Sector Team have compiled a Wishlist for the sector, covering key areas such as concerns over the fuel duty pause, capital gains, and green technology. Concerns about ending the fuel duty pause With tight margins in the industry, suddenly reintroducing fuel duty increases would have a massive impact.
CPA Practice
SEPTEMBER 19, 2024
LeaseCrunch LLC , a leading lease accounting software company,today announces a webinar on GASB 87 and GASB 96: “From Basic Principles to Advanced Practices.” The webinar will take place on September 26 at 1:00 p.m. CDT. The webinar will feature Jess Vento, senior director of solution engineering, education and support at LeaseCrunch, as she explores lease recognition, measurement and disclosure under GASB 87, subscription-based IT Arrangements (SBITAs) in GASB 96 and how to handle lease modific
LSLCPAs
SEPTEMBER 19, 2024
When managing accounting for your government’s capital assets, a common question arises: Should capital assets with an individual value below your capitalization threshold be capitalized when the purchase is acquired as part of a larger purchase? Understanding the rules around this may surprise you and improve your understanding of your governments financial picture.
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.
CPA Practice
SEPTEMBER 19, 2024
This webinar will be held on Tuesday, October 22, 2024 at 1:00pm ET Sponsor: SafeSend Duration: 1 Hour Register Now Join our upcoming webinar “Balancing Automation and Personal Connection,” where Joe Wroblewski, Senior Sales Engineer at SafeSend, tackles a common misconception — that automation, especially in tax software, results in a cold, impersonal experience.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Technology Sector Team have compiled a Wishlist for the sector, covering key areas such as concerns over the cuts to AI plans, investment in HMRC and expectations for the short to mid-term. A “painful” autumn budget The Prime Minister has already warned that the autumn budget held on 30 October 2024 will be ‘painful’ and that ‘big asks’ will be made of the public.
CPA Practice
SEPTEMBER 19, 2024
At it’s SuiteWorld conference earlier this month in Las Vegas, Oracle NetSuite announced a series of new product updates and AI innovations across the suite to help organizations increase efficiency and accelerate growth. The company says these latest innovations build on the comprehensive AI capabilities, including generative AI, embedded in NetSuite by adding powerful new AI updates, a new procurement solution, new partner integrations, updated project management capabilities, user experience
Summit CPA
SEPTEMBER 19, 2024
Businesses that learn to harness change management are the ones that see profit rise. Use these change management strategies to level up your business.
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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.
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