Thu.Oct 03, 2024

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Pathways to Growth: Optimizing opportunistic growth

Accounting Today

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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Industries with Complex Sales Tax Compliance

TaxConnex

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

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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Tax Fraud Blotter: Beat this

Accounting Today

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

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Avalara Announces New AI-based Tariff Code Classification Solution

CPA Practice

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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IRS workers pitch in on Helene relief

Accounting Today

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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More Trending

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Storm victims in Illinois get tax relief

Accounting Today

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

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Most Say Pressure to Tip Has Gone Too Far, Poll Finds

CPA Practice

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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Caroline Weirich Named Woman to Watch, Emerging Leader Category

Withum

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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Software Licensing and Privacy Policies – The Accounting Technology Lab Podcast – Oct. 2024

CPA Practice

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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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Top Remote Accountants of the Week | October 3, 2024

Going Concern

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.

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Baker Tilly Acquires RPA Services Provider Alirrium

CPA Practice

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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Five Years After Leaving Deloitte, Cathy Engelbert is Still the First Person in the Office in the Morning

Going Concern

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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Paychecks Increased 4.7% and 143,000 Jobs Added in September, Says ADP

CPA Practice

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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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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Budget Versus Forecast: What Your Business Needs to Know

Summit CPA

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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ABUKAI Launches Expense Management for Apple Vision Pro

CPA Practice

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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Surviving the Second Tax Season

Insightful Accountant

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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IRS to double reach of Direct File in 2025

Accounting Today

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

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Why Am I Getting So Many Emails About QuickBooks PCI Compliance?

Nancy McClelland, LLC

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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Economists want to trash the QBI deduction. What will voters say?

Accounting Today

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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Pending Home Sales Rose 0.6 Percent in August

CPA Practice

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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S Corp vs. LLC: Which Is Better for Your Business?

Patriot Software

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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Back to Basics with Reconciliations

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.

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CPE Webcast Nov. 14. – Selecting the Right Payroll Partner for Your Business Growth

CPA Practice

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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Steve Padgett on How You as a Business Owner Pay Yourself

SkagitCountyTaxServices

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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AccountingDepartment.com Attends EO Alchemy 2024

AccountingDepartment

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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FreshBooks lays off 140

Accounting Today

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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Accounting Firm Named ‘The Pun Group’ Isn’t Punny at All

Going Concern

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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Crowe doubles size of AI team

Accounting Today

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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U.S. Companies Claiming Australia’s R&D Tax Incentives: Too Good To Be True?

Withum

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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New Acumatica release brings expanded automation, reporting tools

Accounting Today

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.

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Harness the Potential of Your Enterprise Knowledge

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.