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.

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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?

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Manufacturing CPA Retail 242

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.

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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

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payroll tax payroll CPA Tax 222

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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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.

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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.

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Tax CPA 195

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 187

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.

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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.

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accounting and finance Finance audit Account 115

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

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) 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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Xero

JULY 15, 2024

The tax-time crunch is wrapping up, meaning the new financial year is here. And whether you’re looking to avoid the same end- of-financial-year stress next year, or streamline your operations – every small business can benefit from starting the new financial year with the right apps in their app stack. What’s an app stack? An app stack is another name for the set of apps that you use to run your business.

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accounts payable Non-Profits Sales bookkeeping 71

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.

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Finance 110

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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

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 accounted Account accountant 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.

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accounting concepts financial statements accounting standards financial accounting 104

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

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: 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

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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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

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.

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accounting software accounted Account accountant 75

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.

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Tax income tax 59

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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.

Accounting Today

JULY 15, 2024

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

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Account accounted accountant 80

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

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Sales Retail 59

Canopy Accounting

JULY 15, 2024

In this episode, the conversation between John Mitchell and Darren Root discusses leveraging Canopy, to enhance brand engagement and team efficiency from prospect to engagement.

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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.

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.

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Non-Profits Education CPA Account 52

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.

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accounting firms Account accounted accountant 52

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

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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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.