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
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.
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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
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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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
Accounting Today
SEPTEMBER 19, 2024
Officials from the IRS's Criminal Investigation division are meeting with leaders from Australia, Canada, the Netherlands and the U.K. this week for a Cyber Challenge.
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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.
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!
Accounting Today
SEPTEMBER 19, 2024
Journey's end; just shocking; house cleaning; and other highlights of recent tax cases.
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.
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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.
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.
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.
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.
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.
Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service needs to do more to get ready for new reporting requirements on the Form 1099-K and 1099-DA, according to a new report.
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.
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.
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.
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.
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
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.
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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.
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.
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.
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.
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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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.
Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service has proposed guidance on the credit, which was modified by the Inflation Reduction Act.
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.
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.
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