Mark Lee
JUNE 25, 2024
One of the most common issues accountants raise with me is how can they stop getting caught out doing extra little bits of work for free? This has become more of an issue for many of them since they started quoting fixed fees. The issue comes up less often for those traditional accountants who still claim to charge clients by reference to the time spent on their affairs.
RogerRossmeisl
JUNE 25, 2024
As reported in IR-2024-169 IRS enters next stage of Employee Retention Tax Credit work; review indicates vast majority show risk of being improper Highest-risk claims being denied, additional processing to begin on low-risk claims; heightened scrutiny and review continues as compliance work tops $2 billion; IRS will consult with Congress on potential legislative action before making decision on future of moratorium Following a detailed review to protect taxpayers and small businesses, the Intern
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BurklandAssociates
JUNE 25, 2024
Laying a strong legal foundation from the beginning can save your startup time, money, and headaches down the road. The post Legal 101 for Startups – What I Learned from My Discussion with Silicon Legal Strategy appeared first on Burkland.
CPA Practice
JUNE 25, 2024
Zoë Jackson Star Tribune (TNS) The growing numbers of Gen Z workers have mystified both employers and their older colleagues. Remote work, quiet quitting and other buzzwords have filled headlines as CEOs melt down over changing office cultures. But the youthful nuances show no signs of slowing down as the youngest generation continues to enter the workforce.
Speaker: Gary Dmitriev
Automation promises increased efficiency and reduced costs, but how do you sift through the hype to find the right solution for your organization? Our upcoming webinar aims to demystify the process of selecting and implementing automation tools. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals.
Going Concern
JUNE 25, 2024
VC firm Andreessen Horowitz just did an interesting piece called “ Death, Taxes, and AI: How Generative AI Will Change Accounting ” that’s worth a read if you’re at all interested in this topic but most interesting of all (to us anyway) was this chart of early stage AI startups in this space. We suspect it won’t be long before a chart like this will require a looooong scroll to view.
Accounting Today
JUNE 25, 2024
A coalition of accounting educators and tech leaders released a generative AI governance framework as a starting point for organizations.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
JUNE 25, 2024
Join us for this episode of Civic Warriors, where we speak with Sherry Wheelock, President and CEO of Special Olympics Florida, and Maryann Gonzalez, a Coordinator of Sports and an athlete at the Special Olympics Florida.
Insightful Accountant
JUNE 25, 2024
Earlier this year, Intuit introduced a new version of QuickBooks Online for solopreneurs, it's designed for individuals who submit IRS Form 1040 - Schedule C tax filings.
KROST
JUNE 25, 2024
There are some important changes in the Inherited IRA distribution rules that may affect your tax planning. Before the SECURE Act of 2019, beneficiaries of inherited IRAs could “stretch” or spread out their withdrawals over their lifetime, which allowed them to lower their annual tax liability. However, under the new regulations of the SECURE Act, Read the full article.
CPA Practice
JUNE 25, 2024
A new Intuit QuickBooks survey shows that while the accounting industry has felt the shockwaves of changing economic conditions, accounting professionals believe that failure to keep pace with technological advancements is the greatest risk to the industry — ahead of higher interest rates, the rising cost of goods, and widespread hiring challenges. These findings and more are highlighted in the 2024 Intuit QuickBooks Accountant Technology Survey , commissioned by Intuit Inc., the maker of profes
Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead
Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively
Accounting Today
JUNE 25, 2024
Financial restatements decreased roughly 6% year over year, according to a report from Ideagen Audit Analytics.
CPA Practice
JUNE 25, 2024
A majority (88%) of U.S. workers are struggling to meet basic living costs, fueling a sharp decline in retirement confidence. This is according to a new survey by WTW, a global advisory, broking and solutions company. The survey of 10,000 U.S. employees also revealed a sharp disconnect between the financial well-being support employees want from their employer and what companies are delivering.
Accounting Insight
JUNE 25, 2024
More than a decade of capped tuition fees has caused universities to struggle financially – with some even supplementing the cost of education themselves. Funding grants and tuition fees no longer address the costs of providing high quality research and education. As a result, universities are under increased scrutiny from stakeholders. These include research councils, investors and private donors, who are all keen to know exactly how their investments are being used.
CPA Practice
JUNE 25, 2024
By Darren Root, CPA, CITP, CGMA. What it takes to be a modern firm means different things to different people. Does it require having connected, collaborative cloud technology in place? A structured, current security plan? Offering a rich client experience? A healthy culture that supports remote work and flex time? The short answer is yes to all of the above—and more.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Accounting Insight
JUNE 25, 2024
Today, Silverfin, specialists in cloud software for accountants, has launched its whitepaper ‘Tackling the capacity crunch in accountancy: a three-stage journey’ in a bid to help struggling firms manage the talent exodus from the accountancy sector. Written in collaboration with senior leaders at accounting firms flinder, Moore, and BKL, the whitepaper explains why software is the key to attracting and retaining accountancy talent and solving the capacity crunch too many firms are facing today.
Accounting Today
JUNE 25, 2024
In a narrow holding, the Supreme Court upheld the provision, but emphasized that the ruling did not have broader implications.
Anders CPA
JUNE 25, 2024
Consumer protection agencies and advocates are taking a closer look at mortgage servicers’ practices from both a regulatory compliance perspective and an equity and fairness perspective. Already, financial institutions have increased vigilance on rules like TILA-RESPA Integrated Disclosures (TRID). Now, the Consumer Financial Protection Bureau (CFPB) has directed its examiners to evaluate whether servicing and collection practices raise Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) con
Accounting Today
JUNE 25, 2024
BDO USA released its 2023 Audit Quality Report Tuesday as it added a second independent member to its Audit Quality Advisory Council.
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CPA Practice
JUNE 25, 2024
The Public Company Accounting Oversight Board (PCAOB) fined Vancouver-based accounting firm De Visser Gray $60,000 on June 18 for failing to comply with U.S. auditing rules and quality control standards from April 2019 through January 2024. According to the PCAOB, De Visser Gray’s system of quality control failed to provide reasonable assurance that the firm and its personnel would: Comply with applicable PCAOB professional standards and regulatory requirements; Perform sufficient procedures to
Accounting Today
JUNE 25, 2024
Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.
CPA Practice
JUNE 25, 2024
The number of nonequity partners at the top 100 accounting firms (excluding the Big Four) with revenues of more than $48.8 million has increased by more than 320% over the last 15 years versus just 85% for equity partners, according to a recent blog by INSIDE Public Accounting. “The accounting profession is adding far more nonequity partners to its ranks than equity partners, which means power is concentrated among fewer owners but stand-out pros are getting the opportunity for more responsibili
LSLCPAs
JUNE 25, 2024
Cost segregation continues to be an essential tax planning tool in 2024. By accelerating the depreciation allowed on a building, taxpayers can significantly reduce their taxable income in the initial years of property ownership. This strategy offers a substantial reduction in taxes, thereby boosting cash flow during the crucial early years of owning a building.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Cherry Bekaert
JUNE 25, 2024
In this episode of Cherry Bekaert’s GovCon Podcast host Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Vivian Kohrs , Director, Strategic Tax, and Bryan Weems , Senior Manager, Tax Credits and Incentives. Together they give an overview of research and development (R&D) credits for government contractors.
Withum
JUNE 25, 2024
Did you know that over 90% of criminal prosecutions involve some form of digital evidence ? As a result, the majority of criminal cases will involve digital forensics in some form. If you are not receiving digital evidence in your cases, you should ask yourself why. Cellebrite’s 2024 Industry Trends Survey found that, of the over 2,000 criminal investigators, prosecutors, managers and digital forensic examiners worldwide surveyed, 60% believe “digital evidence is more important than DNA.
Cherry Bekaert
JUNE 25, 2024
Virginia recently passed House Bill 1518 (HB 1518) , which Governor Glenn Youngkin signed in April 2024. This law modified the state’s Research and Development Expenses Tax Credit (R&D Tax Credit) and the Major Research and Development Expenses Tax Credit (Major R&D Tax Credit). The new law aims to encourage innovation in Virginia by providing enhanced tax incentives to organizations that invest in qualified R&D activities.
Withum
JUNE 25, 2024
The business world is experiencing a monumental shift, propelled by the rapid advancement of artificial intelligence (AI). As we enter a new era, it’s evident that AI at work is not just a tool, but a powerful force that is transforming the way organizations function. In this blog post, we explore the innovative ways AI is integrated into the workplace and how it’s shaping the future of work.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
Insightful Accountant
JUNE 25, 2024
New survey looks into the ways accountants are using technology, particularly AI, to balance business performance and industry challenges in today's macroeconomic environment.
FraudFiles
JUNE 25, 2024
Are you a testifying expert or a consulting expert in a litigation matter? Is there a difference in how you should maintain your file based on your designation? Tracy Coenen gives her advice.
Accounting Insight
JUNE 25, 2024
Milestone £2m purchase for the ambitious franchising and accounting group. TaxAssist Direct Acquisitions Limited, a fully owned subsidiary of The TaxAssist Direct Group Limited, completed its first transaction on 31 May, acquiring a majority stake in the largest TaxAssist Accountants franchisee practice in its network. Chief Executive Officer, Daren Moore FCCA, said: “I am pleased to announce the successful completion of the first of our planned acquisitions for 2024, with The TaxAssist Group ta
Summit CPA
JUNE 25, 2024
Effective business development strategies are essential for any service-based company, making it a crucial component in the growth of a creative agency. With that in mind, it’s imperative that you, as an agency owner , invest in cultivating a business development team that will help you achieve your growth goals.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
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