Fri.Jun 14, 2024

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Forensic Accounting Software

FraudFiles

The financial part of a complex case can become overwhelming quickly. Particularly in cases involving white collar crime, securities fraud, Ponzi schemes, or other fraud recoveries, the trail of financial documentation is often very long. A forensic accountant needs to examine tens of thousands of transactions and piece together the evidence in a way that [.

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Tech news: Big Four firms announce strategic alliances

Accounting Today

Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.

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IRS Audits: What to Do When You Receive an Audit Notice and How an Enrolled Agent Can Help

MyIRSRelief

Receiving an audit notice from the Internal Revenue Service (IRS) can be a daunting experience for any taxpayer. However, understanding the audit process and knowing your rights and options can significantly ease the stress. This article will delve into the intricacies of IRS audits, outline the steps you should take upon receiving an audit notice, and explain how an Enrolled Agent (EA) can represent and assist you throughout the process.

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IRS pushes recruitment with updated Careers site

Accounting Today

For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.

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Building a Business Case for Finance Automation

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.

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IRS Warns About Scams Targeting Seniors

CPA Practice

The Internal Revenue Service has issued a renewed warning about the rising threat of impersonation scams, which often target older adults by pretending to be government officials, in an attempt to steal sensitive personal information and money. By posing as representatives from agencies such as the IRS, or other government agencies, these fraudsters use fear and deceit to exploit their victims.

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A midyear multistate payroll compliance checklist

Accounting Today

If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.

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More Trending

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On the move: HCVT COO announces retirement

Accounting Today

Plus, FICPA presents Women to Watch Awards; Baker Tilly expands enterprise risk management practice; and more news from across the profession.

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Jobless Claims Rise to Highest Level in Nine Months

CPA Practice

By Charles Ayitey and Jarrell Dillard, Bloomberg News (TNS) Initial applications for U.S. unemployment benefits jumped to the highest level in nine months, led by a large increase in California, during a period where holidays and the end of school year can cause fluctuations in claims. Initial claims increased by 13,000 to 242,000 in the week ended June 8, according to Labor Department data released Thursday.

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IMA tries to attract young accountants

Accounting Today

The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.

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How Tipping Culture is Hurting the Restaurant Industry

Withum

Tips are a staple of the restaurant industry and are currently under scrutiny as there is a wave of frustration with customers that is resulting in less tipping or no tipping at all. This has a wide array of impact to restaurants, from the employees, in both the front and back of the house, all the way up to the owners and investors of the restaurant.

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Fall In Love With the Month-End Close

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.

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SCOTUS asks for input on cert decision in SALT case

Accounting Today

The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.

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Improving Construction Communication And Workplace Productivity

Randal DeHart

The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is more straightforward said than done. In today's fast-paced construction industry, staying in touch and being productive is crucial for project success.

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What Is an Employee Assistance Program (EAP), and Is it Taxable?

Patriot Software

Benefits matter to 81% of employees, which means your benefits package is an important recruitment and retention tool. From traditional benefits, like health insurance, to newer benefits, like student loan repayment, you’re always looking for the next best thing. Have you heard of employee assistance program (EAP) benefits? What is EAP, exactly?

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Australia needs consulting contracts policing after PwC woes

Accounting Today

Intense scrutiny that began last year with revelations that the Australian arm of PricewaterhouseCoopers LLP shared confidential information from its work with the government on upcoming tax changes to generate new business at private firms.

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Another Project Everest Cheerleader Bites the Dust

Going Concern

Despite getting two exceptions to extend his term beyond the firm’s mandatory retirement age of 60, 61-year-old EY UK Chair Hywel Ball is now stepping down early and will “hand on the baton” to the next sucker lucky winner. This according to an email to partners Financial Times got their hands on. As head of the UK firm, the second largest in EY’s global network behind the US, Ball was an influential figure as the firm’s global bosses tried and failed to split its accounting an

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CFOs concerned about economy ahead of election

Accounting Today

CFOs remain divided on the prospects for the economy and continue to see risks from inflation, cybersecurity, generative AI and talent shortages, according to a new survey from Deloitte.

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Saying Goodbye to Workplace by Facebook: Embracing Change with Microsoft 365

Withum

As the sun sets on Workplace by Facebook (now known as Workplace from Meta), many organizations are facing the challenge of migrating their content and workflows to a new platform. With Meta’s decision to focus on AI and metaverse technologies, Workplace will remain operational until August 31, 2025, and will become read-only until May 31, 2026, after which it will be completely decommissioned.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Michigan's Plante Moran opens first office in New York City

Accounting Today

The century-old accounting and management consulting firm based is expanding its presence beyond its Midwestern base.

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Optimizing Family Office Accounting: What to Look for in Your Next ERP System

Withum

Today, Family Office growth presents a unique set of challenges, especially regarding financial management systems. As Family Offices grow their portfolios and operations, QuickBooks — once a dependable option for smaller businesses — becomes less and less viable to manage Family Office accounting. To fuel growth and overcome these challenges, it’s a good idea to explore alternative solutions that offer enhanced functionality, scalability and efficiency.

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Roth 401(k) vs. 401(k) – Which is Better?

Dent Moses

The retirement plan landscape has changed dramatically in the last few years. Most plans now have a Roth option. The Secure Act 2.0 passed in 2022 accelerated those changes by adjusting existing retirement plan rules. Among these is a feature that allows participants to treat employer-matching contributions as designated Roth contributions if the plan design allows.

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Bill360 Introduces Advanced AR Automation at Scaling New Heights

Insightful Accountant

Bill360, an end-to-end accounts receivable automation solution,

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Friday Footnotes: PwC Leader Called Out for Twitter Tantrums; Why Quiet Layoffs Are a Bad Idea; Remote Work Advice for Firms | 6.14.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Trump tells CEOs he would cut corporate tax rate to 20%

Accounting Today

Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.

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Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%

CPA Practice

By Nancy Cook and Justin Sink, Bloomberg News (TNS) Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president, according to people familiar with the remarks. The presumptive Republican presidential nominee pitched his support for cutting the business tax rate during a private meeting in Washington Thursday with roughly 100 chief executive officers of some of the biggest American companies,

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Trump Plan to End Taxes on Tips Garners Capitol Hill Interest

CPA Practice

By Caitlin Reilly and Aidan Quigley, CQ-Roll Call (TNS) In meetings with congressional Republicans on Thursday that were otherwise light on concrete policy details, former President Donald Trump again trotted out his desire to eliminate federal taxes on income from tips. Many Republicans said the idea had merit and should be part of the conversation as Congress weighs how to address the expiration of 2017 tax law provisions slated for the end of 2025.

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Profit in the Details: Rethinking Spend for Monumental Impact

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