Accounting Today

OCTOBER 3, 2024

Fish are literally jumping into the boat these days, and accounting firms need to ensure that they get the best possible catch.

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TaxConnex

OCTOBER 3, 2024

Navigating sales tax compliance in complex organizations can be a challenge, influenced by various factors. Industries like telecommunications, hospitality, healthcare, manufacturing, and technology face unique complexities when it comes to sales and use tax compliance. In this blog we discuss some of the reasons why these particular industries can be a bit more challenging than others.

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Sales Tax Hospitality Healthcare 259

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia. Key Hurricane Helene Tax Relief Information Who qualifies for this relief?

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CPA Practice

OCTOBER 3, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has announced the launch of Automated Tariff Code Classification , a AI-based system that uses a pioneering combination of proprietary, advanced AI, machine learning, and natural language processing methods and technologies to classify large product catalogs quickly and efficiently to Harmonized System (HS) or Tariff Codes.

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Technology Tax Retail 122

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.

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Withum

OCTOBER 3, 2024

Withum is proud to share Caroline Weirich , Supervisor, was nominated at the Maryland Association of Certified Public Accountants (MACPA) 2024 Women to Watch Awards in the Emerging Leader category. The MACPA Foundation’s annual Women to Watch awards celebrates women in the accounting profession who demonstrate leadership and contribute to the profession through service and implementation of impactful initiatives.

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CPA Practice

OCTOBER 3, 2024

As the cost of healthcare in the U.S. rises to a record high since the COVID-19 pandemic, nearly half of employers expect healthcare costs will exceed budget projections this year. In response, employers are embracing different approaches to safeguard program affordability for their companies as well as for their employees. While focusing on more competitive, cost-effective plan designs to control costs, they are seeking to maintain employee wellbeing, according to a new survey by WTW, a global

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CPA Practice

OCTOBER 3, 2024

By Tanasia Kenney Merced Sun-Star (Merced, Calif.) (TNS) To tip or not to tip? It’s the question many Americans are faced with when paying for a product or service, and many say the pressure is beginning to be too much, according to a new Upgraded Points study. A whopping 90 percent of respondents feel tipping expectations have gotten out of control, the report found, leaving some customers reeling from so-called “tipflation.

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Accounting Today

OCTOBER 3, 2024

More than 500 Internal Revenue Service staff are manning FEMA phone lines, and others are deploying to help with search and rescue efforts.

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Tax 122

CPA Practice

OCTOBER 3, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston discuss how changes in software licensing and delivery models can affect client data and privacy policies. View the video at: [link] Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Brian F. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor.

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Technology accountant Account accounted 111

Going Concern

OCTOBER 3, 2024

It’s been a while since we checked in on former Deloitte CEO Cathy Engelbert, the woman who will forever hold the title of first female CEO of a US Big 4 firm. Apologies to any WNBA fans out there, it’s not really a priority on our editorial calendar (we’re too busy with more important things ). When she left the Green Dot at the end of FY19, Engelbert made the transition to commissioner of the WNBA where she remains to this day, taking flak from fans for being too businesslike

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Sports Gaming public accounting Sales 105

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

OCTOBER 3, 2024

Top 10 accounting firm Baker Tilly is expanding its advanced technology capabilities by acquiring Alirrium, a company that specializes in robotic process automation (RPA) advisory and implementation services, effective Nov. 1. Financial terms of the deal weren’t disclosed. Baker Tilly said the move strengthens its capabilities in RPA, artificial intelligence, and machine learning to better support businesses in modernizing and improving their operations.

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Technology accounting firms accountant Account 111

Insightful Accountant

OCTOBER 3, 2024

The IRS reports a 30% increase in tax extensions over the past five years, with 19 million taxpayers filing for automatic extensions this year. This trend is reshaping our profession (and driving us all nuts).

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CPA Practice

OCTOBER 3, 2024

Private sector employment increased by 143,000 jobs in September and annual pay was up 4.7 percent year-over-year, according to the September ADP National Employment Report produced by ADP Research in collaboration with the Stanford Digital Economy Lab. The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

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Nancy McClelland, LLC

OCTOBER 3, 2024

There’s been a ton of confusion lately among QuickBooks Online users due to a series of emails from Intuit about the importance of PCI compliance (that part’s true, it is important), which they follow up with a plug to encourage you work with their “partner,” SecurityMetrics. Problem is, they are surprisingly quiet about the fact that QB Payments… is already PCI compliant.

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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.

financial statements

CPA Practice

OCTOBER 3, 2024

ABUKAI, a provider of innovative expense management solutions, has announced that its business application is now available for Apple Vision Pro devices. The Apple Vision Pro is an exciting new device with spatial computing capabilities. The ABUKAI application for the Apple Vision Pro allows users to add receipts and create expense reports directly from the Apple Vision Pro.

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Accounting Today

OCTOBER 3, 2024

Let me pay that; W-2-timer; the early bird gets a cell; and other highlights of recent tax cases.

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Tax tax preparation 124

Patriot Software

OCTOBER 3, 2024

When you start a company, there are several business structures. Two popular types of business structures are an S corporation and LLC. Are you choosing between these structures? Find out the key differences between S Corp vs. LLC and learn which is best for you. S Corp vs.

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accountant accounted Account 89

Summit CPA

OCTOBER 3, 2024

What is the difference between a budget and a forecast? How do both financial tools help you increase cash flow and profitability?

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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

OCTOBER 3, 2024

Pending home sales in August rose 0.6%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions, while the Northeast recorded a loss. Year-over-year, the West registered growth, but the Northeast, Midwest and South declined. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – increased to 70.6 in August.

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Sales 91

Accounting Today

OCTOBER 3, 2024

A costly provision of the Tax Cuts and Jobs Act of 2017 is in limbo as policy wonks call for either big changes or outright elimination of the policy.

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Tax 97

CPA Practice

OCTOBER 3, 2024

This webinar will be held on Thursday, November 14, 2024 at 2:00pm ET Sponsor: IRIS Payroll Duration: 1 Hour Register Now Gustavo Fernandez, President of Payroll Service Pros, will share real-world examples to demonstrate the differences and the choices you make play out in practice. Key Takeaways: Features and Functionality: Selecting the right payroll software platform or payroll service can make or break your payroll business.

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payroll Indiana CPA Illinois 110

Accounting Today

OCTOBER 3, 2024

Those affected by the storm now have until Feb. 3 to file and pay their taxes.

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Illinois Tax 118

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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.

AccountingDepartment

OCTOBER 3, 2024

To kick off this year's series of Entrepreneurs' Organization (EO) events, ADC Business Development Representative, Shawn Marcum, attended EO Alchemy in Denver, CO last week.

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Accounting Today

OCTOBER 3, 2024

Accounting solutions provider FreshBooks will be laying off 140 employees across all teams, and at all levels around the world, more than 20% of its staff of roughly 500.

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accountant Account accounted 75

SkagitCountyTaxServices

OCTOBER 3, 2024

I’m watching in disbelief, like you, as I see the photos of the hurricane devastation keep rolling in. It’s hard to believe so much infrastructure can be swept away that quickly. Our hearts are grieving for those who lost loved ones and homes and businesses from Helene. I’ll keep you updated on any deadline extensions that the IRS makes available in the coming days – they usually do in situations like these.

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payroll Tax Legal CPA 74

Accounting Today

OCTOBER 3, 2024

Crowe announced a major expansion of its Artificial Intelligence Center of Excellence, effectively doubling its size through the addition of three newly established teams fully dedicated to AI pursuits.

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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.

Going Concern

OCTOBER 3, 2024

INSIDE Public Accounting #437 firm The Pun Group of Santa Ana, CA (revenue $8,856,915) put out a press release about their new website today and imagine our disappointment when we read all 661 words of it to find nary a pun in the bunch. The Pun Group, LLP, a leading accounting firm specializing in comprehensive audit, tax, and advisory services, announced today that it has relaunched its website to highlight its longstanding industry success and the workplace solutions it offers its wide array

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accounting firms accountant Account accounted 65

Accounting Today

OCTOBER 3, 2024

Accounting ERP provider Acumatica announced its 2024 R2 launch, with hundreds of new features and capacities, many of which center around automation, integrations and enhanced accuracy.

Technology 72

Technology accountant Account accounted 72

Withum

OCTOBER 3, 2024

In the dynamic landscape of global business, innovation is not just a buzzword but a fundamental necessity for growth and competitiveness. As U.S. companies push the frontiers of research and development (R&D), maximizing the value of these investments is crucial. Australia’s Research and Development Tax Incentive Program (RDTIP) offers significant benefits to qualifying businesses.

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Tax corporation tax 59

Accounting Today

OCTOBER 3, 2024

The free filing program will be available in 24 states, and reach potentially 30 million taxpayers.

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tax preparation Tax 103

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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.