Anders CPA
DECEMBER 12, 2023
As part of the Corporate Transparency Act (CTA), beneficial owners of qualifying companies will be required to begin submitting Beneficial Ownership Information (BOI) Reporting. To ensure your business is prepared to meet these requirements once they take effect on January 1, 2024, begin preparing for BOI reporting as part of your year-end planning strategy.
TaxConnex
DECEMBER 12, 2023
Business truism has it that limited liability corporations and similar entities shield the personal property and assets of their owners and major shareholders from company bills and missteps. That’s true for many of the fiscal messes that can befall a company. But not for sales tax liability, where most states still maintain strong responsible party laws.
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Going Concern
DECEMBER 12, 2023
Mere hours ago, Wall Street Journal reported that EY is laying off “dozens of partners across all U.S. business” and not only in lower-demand service lines. As with most of the cuts we’ve seen this year, consulting is most affected with their partner ranks being trimmed by ten percent, four percent in strategy and transactions. Says WSJ , there will be cuts in audit and tax as well though they didn’t share numbers.
Accounting Today
DECEMBER 12, 2023
U.S. officials will take money away from victims of the fraud-tainted crypto firm unless a judge rejects the government's demand for $24 billion in unpaid taxes, the bankrupt company said in a court filing.
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
DECEMBER 12, 2023
In a move that’s being credited to both reducing carbon emissions and penny-pinching, FT is reporting that PwC UK has a new policy in place limiting business class work flights. Announced to senior staff in October, the new rule means partners and directors can choose business class tickets only for long red eye or “business-critical” flights and are otherwise expected to fly premium economy regardless of length of the flight.
CPA Practice
DECEMBER 12, 2023
Accountants using QuickBooks Online know they are getting a solid cloud-based solution to keep their clients’ books. However, when they combine QuickBooks with Intuit ProConnect Tax , they’ll get a more powerful way to manage their clients’ information. Known as “Books to Tax,” QuickBooks flows directly into ProConnect Tax to auto-populate a client’s tax return, streamlining the process and avoiding manual data entry.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
inDinero Accounting
DECEMBER 12, 2023
EBITDA, short for earnings before interest, taxes, depreciation, and amortization, is a measure of profitability that zeroes in on core operational cashflow—with the “core” being everything that remains after omitting capital expenses and taxes. In this guide, we’ll walk you through calculating this metric and explain why it matters to your business.
ThomsonReuters
DECEMBER 12, 2023
Jump to: What is needed to record lease liability? How do you calculate the lease liability? What is needed to calculate the right-of-use asset? How do you calculate the right-of-use asset? Putting it all together to record lease liability and right-of-use asset Lease liability reminders Under the ASC 842 lease standard, almost all leases are recorded on the balance sheet.
Patriot Software
DECEMBER 12, 2023
Navigating through the waters of health insurance coverage is tricky. You might be wondering, Do employers have to offer health insurance? Although the Affordable Care Act (ACA) requires employers with 50 or more full-time equivalent employees to provide health insurance, no employer has to offer excepted benefits. But, many employers do offer excepted benefits.
Insightful Accountant
DECEMBER 12, 2023
Intuit will initiate major reporting enhancements for QuickBooks Online and QuickBooks Online Advanced users starting December 15, 2023.
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
DECEMBER 12, 2023
Tax-loss harvesting through "highly correlated" products is driving a significant share of trading volume, according to a working academic paper.
Withum
DECEMBER 12, 2023
You’ve done it. You successfully graduated medical school, finished your residency, passed your board exams – and now have your own practice. So, what now? Part of running your own practice includes some managerial roles such as managing staff, hiring the correct consultants and building a team of trusted advisors. Reviewing your practice’s financial information is not something you may have come across during medical school, and it’s not something that can easily be self-taught.
Accounting Today
DECEMBER 12, 2023
Accounting teams have tended to be a latecomer to task automation, a technology increasingly adopted in other departments and most industries.
CPA Practice
DECEMBER 12, 2023
Chicago-based BDO USA, the sixth largest accounting firm in the U.S. by revenue, is combining with Flintech Holdings and Dynamics Beyond, strengthening BDO’s strategic partnership with Microsoft while advancing its Microsoft Dynamic 365 and managed service capabilities. Twenty-two Flintech and Dynamics Beyond full-time professionals will join BDO Digital, a subsidiary of BDO USA.
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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.
Accounting Today
DECEMBER 12, 2023
Biden's lawyers argue that all the charges should be dropped because their client has immunity under a deal he struck in July that called for him to plead guilty to two misdemeanor tax charges and enter a diversion program related to the firearm offenses.
CPA Practice
DECEMBER 12, 2023
Mark Gurman, Davey Alba Bloomberg News (TNS) Google’s legal defeat at the hands of Fortnite maker Epic Games Inc. threatens to roil an app store duopoly with Apple Inc. that generates close to $200 billion a year and dictates how billions of consumers use mobile devices. The loss — handed down by a San Francisco jury on Monday — is a blow to the two companies’ business model in apps, where they charge commissions of as much as 30% to software developers who typically have few other options.
Accounting Today
DECEMBER 12, 2023
The job cuts will affect "a limited number of people" in the firm, according to a statement from EY's U.S. unit.
CPA Practice
DECEMBER 12, 2023
By Irina Anghel, Bloomberg News (TNS) Ernst & Young LLP is cutting jobs and delaying start dates for some new hires across the U.S., the latest moves by a consulting giant to deal with an industrywide slowdown in demand for its services. The job cuts will affect “a limited number of people” in the firm, according to a statement from EY’s U.S. unit.
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
Accounting Today
DECEMBER 12, 2023
The rise of remote work has companies grappling with integrating locations, navigating time zones, and sometimes even bridging language gaps.
Mark Lee
DECEMBER 12, 2023
Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. Of course there are also those clients who only ever wanted to go to the cheapest accountant around and move on whenever they think they can do better.
Accounting Today
DECEMBER 12, 2023
Accounting's most influential share their primary concerns for the profession.
Withum
DECEMBER 12, 2023
In the ever-evolving realm of modern business, Enterprise Resource Planning (ERP) emerges as a crucial tool for organizations aiming to streamline operations and enhance performance. This article navigates beyond the basics of ERP, exploring the choices organizations face in implementation. We dissect the unified ERP approach versus the best-of-breed integrated approach, setting the stage for understanding specialized system integrations.
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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 12, 2023
SMB organizations are calling for the Supreme Court to uphold the Tax Cuts and Jobs Act's Mandatory Repatriation Tax.
Withum
DECEMBER 12, 2023
Momentum around ESG reporting has been building in recent years. Now, regulations, investors and other stakeholders want companies to prove their ESG and climate information is accurate and reliable through audits and assurance. Certified Public Accountants (CPAs) are the trusted providers of most companies for financial auditing and have been supporting the assurance of non-financial ESG and climate information for decades.
Menzies
DECEMBER 12, 2023
Menzies LLP - A leading chartered accountancy firm. Choosing the right time to sell a business can be a tricky decision. Knowing when and how to start planning for this eventuality is an important consideration and can make all the difference in executing a successful exit, but how early should you start planning? Once a decision has been taken to market a business for sale, the entire process, including identifying the optimal strategy, preparing a pack of business information, negotiating a de
Accounting Today
DECEMBER 12, 2023
As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?
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.
CPA Practice
DECEMBER 12, 2023
LeaseCrunch LLC , a leading accounting software company, is excited to announce its upcoming webinar “ASC 842 Lease Management: Navigating Beyond Compliance.” The webinar will take place on December 19 at 1:00 p.m. CST and will provide participants with the knowledge and tools necessary to navigate the ongoing complexities of lease management successfully.
Accounting Today
DECEMBER 12, 2023
2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards.
Insightful Accountant
DECEMBER 12, 2023
MISys Manufacturing software integrates seamlessly with QuickBooks Desktop & Online, Sage 50 US Edition, Sage 50 Canadian Edition, Sage 300 and Sage Intacct accounting software to help you run your business.
Accounting Today
DECEMBER 12, 2023
Tax credits and incentives advisory firm ETS has scored a minority investment from a venture services firm.
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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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