Accounting Today

DECEMBER 22, 2023

Before you delegate, make sure you're doing the right work yourself

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cpa firm CPA 53

Acterys

DECEMBER 22, 2023

Businesses need data backups for all sorts of crucial information, including popular tools like Xero’s accounting software. Without the ability to back up data, your business is more vulnerable to natural disasters, human error, cyberattacks and other unplanned events. Xero backups are one way organizations can protect critical information, ensure data accuracy and preserve business continuity.

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Withum

DECEMBER 22, 2023

On December 21, 2023, the IRS released details about its second settlement initiative relating to the employee retention credit (ERC). See IR-2023-247 , Announcement 2024-3 , general information , and FAQs. The IRS previously released a withdrawal option on October 19, 2023, for taxpayers who either did not receive their ERC checks or did not cash them.

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CPA Practice

DECEMBER 22, 2023

By Kaitlin Accardi, CPA. Occupational fraud, or fraud committed by individuals against the organizations that employ them, is often considered one of the most costly and common forms of financial crime. According to the Federal Trade Commission (FTC), the Consumer Sentinel Network received 2.4 million fraud reports in 2022. Furthermore, the Association of Certified Fraud Examiners’ 2022 Occupational Fraud report revealed that companies lose 5% of revenue to fraud each year on average – with an a

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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.

Account

Going Concern

DECEMBER 22, 2023

Programming note: we’ll be putting some things up next week (posts, not Christmas trees) so should you swing by you’ll have something new to read. Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline.

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CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

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Randal DeHart

DECEMBER 22, 2023

Outsourcing can offer a range of advantages for small construction businesses in today's competitive market. Not only does it reduce costs and free up valuable time for owners to focus on growing their business, but it also provides access to skills and expertise that may be unavailable in-house. Small construction businesses can streamline operations, increase productivity, and scale faster than ever by working with external professionals or firms who work in certain areas.

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Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

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tax preparation Tax 128

GrowthForceBlog

DECEMBER 22, 2023

6 min read The client advisory services (CAS) industry is growing, and many traditional accounting firms are beginning to offer client advisory and/or client accounting services to keep up with the trend and grow their practices.

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accounting firms accountant Account accounted 80

Accounting Today

DECEMBER 22, 2023

Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.

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accountant Account accounted 84

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

DECEMBER 22, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis metro area to its team. The Dubuque, IA-based firm merged with Schowalter & Jabouri on Dec. 2. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees. In addition to St. Louis, Honkamp has eight offices in Iowa and Wisconsin.

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cpa firm CPA Iowa Wisconsin 52

Accounting Today

DECEMBER 22, 2023

The IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.

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Tax 75

CPA Practice

DECEMBER 22, 2023

Vertex, a tax technology solutions provider, has appointed three new leaders: Mindy Cunningham as SVP, Customer Success and Services; Jessica Nowlin, VP, Tax Research; and Angela Travagline VP, Global Talent and Organizational Effectiveness. The wealth of knowledge and skill set they bring will reinforce the company’s strategic focus on customer success, tax research effectiveness and talent development.

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inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning. At indinero, we’re committed to guiding you through these complexities and optimizing your financial strategy with our comprehensive business tax services.

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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.

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Steve Feinberg

DECEMBER 22, 2023

The financial health of any business is a crucial aspect that determines its success. Creative professionals are no exception to this rule, and it is essential to keep tabs on your business’s financial health. Whether you are a photographer, graphic designer, or writer, understanding the financial landscape of your business can help you overcome the challenges that come with running a creative enterprise.

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KROST

DECEMBER 22, 2023

Beginning January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require businesses to comply with the Corporate Transparency Act (CTA) by reporting information related to the business owners, officers, and controlling persons. The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant Read the full article.

Tax 52

Tax 52

ThomsonReuters

DECEMBER 22, 2023

As emerging technologies continue to reshape industries, tax departments are not exempt from the transformative power of innovation. In this era of rapid change, corporate tax professionals must stay ahead of the curve and leverage the latest tools and strategies to navigate the complex landscape of tax compliance. To help you gain valuable insights and stay informed about the latest trends, we are excited to present a series of our top 3 webcasts featuring leading subject matter experts.

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Canopy Accounting

DECEMBER 22, 2023

So you've landed a new client at your accounting firm — congratulations! You tell them you're flexible and can work with them whenever they want, leaving an open-ended working agreement. They ask you to throw in a few extra services like bookkeeping and payroll management — since they're a new client and promise to tell all their friends about your firm.

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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

DECEMBER 22, 2023

A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business. In 2015, Patel purchased a franchise of the business in Claxton, Georgia.

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Accounting Today

DECEMBER 22, 2023

The former Swiss bank exec pled guilty in a Manhattan court to using the 'Singapore Solution.

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Tax 69

CPA Practice

DECEMBER 22, 2023

By Rose White, mlive.com. (via TNS) A temporary cut to Michigan’s income tax will not be made permanent under a judge’s ruling this week. Michigan Court of Claims Judge Elizabeth Gleicher ruled Thursday, Dec. 21 the income tax rate can revert back to a default 4.25% on Jan. 1, 2024 after it was lowered to 4.05% due to an increase in state revenue. The ruling sides with Gov.

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Michigan income tax Tax 105

Accounting Today

DECEMBER 22, 2023

The Connecticut Society of CPAs announces 14 Women's Award winners; Weaver moves to new Sacramento office; and more news from across the profession.

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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

DECEMBER 22, 2023

Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.

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Accounting Today

DECEMBER 22, 2023

This simple question above deserves a simple answer, which will hopefully lead to additional questions and dialogue.

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Technology 61

Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.

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Tax 69

Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.

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Tax 69

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.