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
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.
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.
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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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.
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.
CPA Practice
JUNE 25, 2024
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West. Year-over-year, sales rose in the Midwest but receded in the Northeast, South and West.
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.
Accounting Today
JUNE 25, 2024
Middle-class residents in these states pay a smaller percentage of their paychecks to taxes.
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.
Accounting Today
JUNE 25, 2024
Collecting payments is essential for business operations, but it's often not a top priority for business owners who are juggling numerous other tasks and demands daily.
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
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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.
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
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.
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 Today
JUNE 25, 2024
Financial restatements decreased roughly 6% year over year, according to a report from Ideagen Audit Analytics.
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
Basis 365
JUNE 25, 2024
Managing accounting and finances efficiently and strategically is crucial for sustainable growth. One solution that has gained traction is outsourcing controller services. Most small business owners believe they need a bookkeeper, fractional CFO, or a combination of both when they actually need a controller. This blog walks through what a controller’s skill set brings to the table to help you make the right decision when building your scalable accounting team.
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.
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.
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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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 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.
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
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.
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
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.
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
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
Contributors: Jeffrey Annessa , Artan Ivezaj Government contracts often come with specific requirements, conditions and regulations. Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors. Compliance with CAS is a contractual obligation, and failure to adhere to these standards can result in financial penalties, contract adjustments and contract termination.
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.
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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.
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