Pathways to Growth: Optimizing opportunistic growth
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.
Thu.Oct 03, 2024
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Industries with Complex Sales Tax Compliance
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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IRS Provides Relief to Taxpayers Impacted by Hurricane Helene
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?
Tax Fraud Blotter: Beat this
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.
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Avalara Announces New AI-based Tariff Code Classification Solution
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.
IRS workers pitch in on Helene relief
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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Storm victims in Illinois get tax relief
Accounting Today
OCTOBER 3, 2024
Those affected by the storm now have until Feb. 3 to file and pay their taxes.
Most Say Pressure to Tip Has Gone Too Far, Poll Finds
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.
Caroline Weirich Named Woman to Watch, Emerging Leader Category
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.
Top Remote Accountants of the Week | October 3, 2024
Going Concern
OCTOBER 3, 2024
Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Software Licensing and Privacy Policies – The Accounting Technology Lab Podcast – Oct. 2024
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.
Five Years After Leaving Deloitte, Cathy Engelbert is Still the First Person in the Office in the Morning
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
Baker Tilly Acquires RPA Services Provider Alirrium
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.
Budget Versus Forecast: What Your Business Needs to Know
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?
Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Paychecks Increased 4.7% and 143,000 Jobs Added in September, Says ADP
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.
Surviving the Second Tax Season
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).
ABUKAI Launches Expense Management for Apple Vision Pro
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.
IRS to double reach of Direct File in 2025
Accounting Today
OCTOBER 3, 2024
The free filing program will be available in 24 states, and reach potentially 30 million taxpayers.
Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Why Am I Getting So Many Emails About QuickBooks PCI Compliance?
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.
Economists want to trash the QBI deduction. What will voters say?
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.
Pending Home Sales Rose 0.6 Percent in August
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.
S Corp vs. LLC: Which Is Better for Your Business?
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.
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
CPE Webcast Nov. 14. – Selecting the Right Payroll Partner for Your Business Growth
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.
AccountingDepartment.com Attends EO Alchemy 2024
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.
Steve Padgett on How You as a Business Owner Pay Yourself
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.
FreshBooks lays off 140
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.
AP Automation: The Competitive Advantage Your Business Needs
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Accounting Firm Named ‘The Pun Group’ Isn’t Punny at All
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
Crowe doubles size of AI team
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.
U.S. Companies Claiming Australia’s R&D Tax Incentives: Too Good To Be True?
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.
New Acumatica release brings expanded automation, reporting tools
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.
Fall In Love With the Month-End Close
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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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