Accounting Today

JULY 15, 2024

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

Account 128

Account accounted accountant 128

RogerRossmeisl

JULY 15, 2024

For many businesses, such as retailers, manufacturers and contractors, strict inventory control is central to operations. If you don’t track inventory accurately, you can’t effectively produce goods, meet customer demand and realize profits. Let’s say you’re performing a year-end inventory count and you come up short. Have you miscounted or have the items been misplaced?

Manufacturing 248

Manufacturing CPA Retail 248

Accounting Today

JULY 15, 2024

The Internal Revenue Service could be doing a better job of cracking down on tax noncompliance by users of virtual currency or digital assets, according to a new report.

Tax 137

Tax 137

RogerRossmeisl

JULY 15, 2024

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could reap some tax advantages. Benefits for your child There are special tax breaks for hiring your offspring if you operate your business as one of the following: A sole proprietorship, A partnership owned by both spouses, A single-member LLC that’s treated as a sole proprietorship for tax purposes, or An LLC that’s treated as a partner

payroll tax 229

payroll tax payroll CPA Tax 229

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.

Finance

Accounting Today

JULY 15, 2024

The IRS warned about bad advice that's being peddled on social media promoting a bogus "Self Employment Tax Credit" and prompting unsuspecting taxpayers to file false claims for the credit.

Tax 130

Tax 130

RogerRossmeisl

JULY 15, 2024

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the Social Security tax they pay. If you’re an employee If you’re an employee, your wages are hit with the 12.4% Social Security tax up to the annual wage ceiling. Half of the Social Security tax bill (6.2%) is withheld from your paychecks.

Tax 201

Tax CPA 201

RogerRossmeisl

JULY 15, 2024

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute, 116 million individual U.S. investors owned mutual funds in 2023. But despite their widespread use, the tax rules involved in selling mutual fund shares can be complex. Review the basic rules Let’s say you sell appreciated mutual fund shares that you’ve owned for more than one year.

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Tax income tax CPA 192

CPA Practice

JULY 15, 2024

Results from the latest Vision report from the Institutie of Internal Audits and the Internal Audit Foundation, based on feedback from more than 7,000 practitioners and stakeholders around the world, lay bare the extent to which technological change will continue to impact the internal audit profession. The results of the “Internal Audit: Vision 2035 – Creating Our Future Together ” report underscore the need for internal audit practitioners to expand the scope of their services and embrace emer

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audit auditor Account accounted 119

Accounting Today

JULY 15, 2024

Ron Baker's efforts to elevate practice management are innovative, insightful and venerable and should be understood by everyone managing a practice or who wants to.

Account 81

Account accounted accountant 81

CPA Practice

JULY 15, 2024

A new survey from Grant Thornton shows that chief financial officers are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since the third quarter of 2021. Grant Thornton’s Q2 2024 CFO survey of more than 225 senior financial leaders revealed several other positive indicators. The data showed that 63% of respondents are confident in their organization’s ability to meet increased demand — a record high in the history of the CFO survey.

accounting and finance 115

accounting and finance Finance audit accountant 115

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Technology

Accounting Today

JULY 15, 2024

Test your accounting knowledge on AI layoffs, the IRS Direct File program, and more. No. 2 pencil not required!

Account 80

Account accounted accountant 80

CPA Practice

JULY 15, 2024

By Sarah Lynch, Inc. (TNS) While the Great Resignation might be in remission, employees are still scanning job sites. But company leaders can take steps to halt employer turnover in its tracks. Fifty-one percent of U.S. employees “are watching or actively seeking a new job,” according to a new report from Gallup—the greatest percentage since 2015—echoing other recent reports from the likes of LinkedIn and PwC.

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Accounting Today

JULY 15, 2024

Wolters Kluwer announced CCH Tagetik Tax Provision & Reporting, a solution offering data collection and group tax provision calculations for multinationals.

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Tax accountant accounted Account 75

CPA Practice

JULY 15, 2024

By Bruce Crumley, Inc. (TNS) Life expectancy in the United States has doubled over the past century. And as lifespans have lengthened, growing numbers of political and business leaders have warned that people might have to work beyond the traditional retirement age of 65 to be able to fund their extended golden years. Now it appears many Gen Xers will have no other choice—unless they start growing their insufficient nest eggs very fast, and right away.

Finance 110

Finance 110

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.

payroll

Accounting Today

JULY 15, 2024

OneStream Inc. and a group of shareholders including KKR & Co. are seeking to raise $465.5 million in a U.S. initial public offering.

accounting software 75

accounting software accountant accounted Account 75

CPA Practice

JULY 15, 2024

The Financial Accounting Standards Board (FASB) issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements on July 12, marking the end of this multiyear project. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards.

accounting concepts 104

accounting concepts financial statements accounting standards financial accounting 104

GrowthForceBlog

JULY 15, 2024

7 min read July 15th, 2024 Every chief executive officer (CEO) has a dream, a future vision of their business, and a plan to take the business from its current stage and grow it until the future vision becomes a reality. Beside every successful CEO is a savvy chief financial officer (CFO) with the financial smarts, insights, and money-related vision to support the CEO's business plan with a complementary financial strategy.

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CPA Practice

JULY 15, 2024

By Sarah Lynch, Inc. (TNS) Small business optimism may have reached another high for the year, but the picture is still far from rosy. The latest Small Business Optimism Index from the National Federation of Independent Business reached 91.5 in June, an increase of one point from May and the most optimistic reading of 2024 to date. Additionally, the share of owners who expect better business conditions in six months improved by 5 percentage points.

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Maine Sales 98

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.

Finance

Cherry Bekaert

JULY 15, 2024

In episode 16 of Talkin’ Talent, Doug Smith and Evan Seward join Sam McCarthy to discuss when an organization should use an external search firm and the dynamics of temporary vs. permanent staffing solutions. They provide professional advice on understanding client needs, navigating recruitment challenges, and adapting to current staffing trends.

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CPA Practice

JULY 15, 2024

The American Institute of CPAs (AICPA) has submitted comments to the Internal Revenue Service (IRS) and Treasury on proposed regulations regarding reporting transactions with foreign trusts, receiving large foreign gifts, and dealing with loans and property from foreign trusts. ( REG-124850-08 ). The submitted recommendations will simplify filing for taxpayers and practitioners, reduce the administrative burden on the IRS, and are consistent with and in addition to AICPA’s prior comments on fore

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income tax tax return cpas Tax 64

Cherry Bekaert

JULY 15, 2024

Developing a successful ERP strategy involves a thorough approach that includes alignment, stakeholder engagement and change management. In this second episode of Cherry Bekaert’s Digital Journeys podcast series around ERP rescue and recovery, Dan Mitzenmacher , Managing Director of Digital Advisory, reconvenes with Jim Holman , Director and Strategy & Operations Leader, to determine why an ERP strategy is crucial to align with your specific business needs.

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Insightful Accountant

JULY 15, 2024

If you missed our recent App Academy webinar, Intuit shared how to leverage ProConnect Tax solutions to streamline the workflow across Books-Income Tax-Advisory to enable you to automate compliance tasks.

Tax 59

Tax income tax 59

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.

CPA

Anders CPA

JULY 15, 2024

Buying and selling a business involves a meeting of the minds – and those minds often come from very opposite perspectives. Sellers are proud of what they’ve built – and rightly so. They want their hard work to be recognized and rewarded – they may even have a number in mind in terms of what it will take for them to walk away happy. They know every inch of their business, and they may expect that potential buyers will recognize a great company when they see one.

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Transportation Sales CPA 59

CPA Practice

JULY 15, 2024

By Mattea Vecera, Inc. (TNS) Small business sales and visits are slowing down as consumers cut back on spending, according to the June 2024 Fiserv Small Business Index. From May to June 2024, sales decreased by 2.9 percent and transactions fell by 1.5 percent. Small business retail is showing a similar trend. Eight of the nine subsectors outlined in the report experienced a month-over-month decline in sales; overall, retail sales have decreased by 3.3 percent and transactions by 0.8 percent com

Sales 59

Sales Retail 59

Accounting Today

JULY 15, 2024

The combination of variable prepaid forwards with long and short equity positions outpaces the after-tax returns of a direct indexing strategy, a new study found.

Tax 56

Tax tax return 56

Canopy Accounting

JULY 15, 2024

In this episode, the conversation between John Mitchell and Darren Root revolves around the importance of a modern client experience in accounting firms. They discuss the impact of changing expectations on client interactions and emphasize the need for a well-defined client journey tailored to individual preferences.

accounting firms 52

accounting firms Account accountant accounted 52

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

Spend Management

Nancy McClelland, LLC

JULY 15, 2024

Thanks yet again, and as always, to Lisa Simpson from the AICPA Town Hall for her regular updates on what’s going on with Employee Retention Credit processing at the IRS. I can trust this team to make sure I’m getting the latest information, free from rumors and gossip, and that I’m able to both quell my clients’ concerns and also manage their expectations.

Non-Profits 52

Non-Profits Education CPA accounted 52

Canopy Accounting

JULY 15, 2024

In this episode, the discussion revolves around the significance of customer relationship management (CRM) in firms, highlighting how it centralizes customer interactions and drives proactive relationship management. They emphasize the importance of having someone responsible for managing customer relationships and how tools like a CRM software enhance this process.

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Insightful Accountant

JULY 15, 2024

Why wait? Now is a perfect time to join the many ProAdvisors who have already started the 2025 ProAdvisor Awards process by nominating a fellow ProAdvisor, being nominated by a colleague or client, or applying.

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Canopy Accounting

JULY 15, 2024

John and Darren discuss leveraging data insights to empower firms. They emphasize the importance of capturing and utilizing various types of data to enhance client services and firm productivity.

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52

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