ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. In recent years, more tax professionals have exited the industry than entered it, which presents the potential for detrimental effects across the business and financial world.

Technology 112

Technology accountant Account accounted 112

Accounting Today

NOVEMBER 28, 2023

The lowering of the Form 1099-K threshold from $20,000 to $600 will not only produce millions more forms to be sent to taxpayers, but could also prompt many of them to abandon online marketplaces and gig economy jobs.

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Tax 131

Going Concern

NOVEMBER 28, 2023

Let’s all take a moment to be thankful that things aren’t as dire here at home as they are across the pond. For the moment. Financial Times reported on the Friday after Thanksgiving — just another day to the Bri’ish, thank goodness — that the pay freeze at KPMG UK initially in effect only for its suffering deals business is now extending to 12,000 staff across service lines.

Legal 116

Legal audit accounting firms Tax 116

Accounting Today

NOVEMBER 28, 2023

Public Company Accounting Oversight Board chair Erica Williams described the work the PCAOB has been doing to overhaul out-of-date auditing standards and increase its inspections and penalties during a conference.

audit 128

audit accountant Account accounted 128

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

CPA Practice

NOVEMBER 28, 2023

Despite 70% of higher education leaders expressing the belief that their industry’s economic model, programming, and other operations require fundamental change, about 80% of these same leaders are confident in their own institution’s financial stability over the next decade. This and other findings are part of FORVIS’ 2024 Annual Higher Education Outlook.

Education 109

Education public accounting accounting firms Tax 109

Accounting Today

NOVEMBER 28, 2023

Accounting organizations and firms are making plans to attend or contribute research in conjunction with the United Nations COP28 climate change conference in Dubai this week.

accountant 125

accountant Account accounted 125

Accounting Today

NOVEMBER 28, 2023

The National Association of State Boards of Accountancy has commenced its search for a new president and CEO to succeed longtime leader Ken Bishop.

accountant 122

accountant Account accounted 122

Insightful Accountant

NOVEMBER 28, 2023

A variety of QuickBooks payroll and human resource enhancements are improving and streamlining they way you can manage payroll whether you provide payroll services, you support clients using payroll, or you manage payroll in-house.

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quickbooks payroll 105

CPA Practice

NOVEMBER 28, 2023

By Irina Anghel, Bloomberg News (TNS) KPMG has frozen pay for thousands of its U.K. staff and cut bonuses despite stubbornly high inflation. A spokesperson for the audit firm said that due to soft market demand, raises would be prioritized for staff who have been promoted. Workers eligible for a bonus will receive one that’s lower than in previous years.

audit 105

audit accountant Account accounted 105

Withum

NOVEMBER 28, 2023

The annual Withum Week of Caring (WWoC) took place last week, and team members made the biggest impact in their communities yet. From assisting with food banks, park clean-ups, toy drives, senior centers, 5ks runs, and more, Withum team members utilized the annual give-back days to better the communities in which they live and work. WWoC’s Impact Withum team members with litter from Union Beach, NJ, Conaskonk Point Beach Clean-Up. 13 Years 21 Regions 83 Organizations 4,000 Hours Withum team memb

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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

NOVEMBER 28, 2023

By Ari Altstedter and Esteban Duarte, Bloomberg News (TNS) Big Four firm PricewaterhouseCoopers has cut its workforce in Canada by 2% as sustained high interest rates push that nation’s economy toward a recession. A spokeswoman for PwC confirmed the reduction, reported earlier by the Globe and Mail newspaper, without giving further details of the layoffs.

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Withum

NOVEMBER 28, 2023

In my last blog about Microsoft Loop , Loop was just an announcement at Microsoft Ignite. After some applications such as Teams and Outlook started supporting it, Loop is now generally available at loop.microsoft.com. Licensing is always a big question with Microsoft. Luckily, the licensing for Loop is straightforward. A user needs one of the licenses below: Microsoft 365 Business Standard Microsoft 365 Business Premium Microsoft 365 E3 Microsoft 365 E5 In addition, Loop storage will now start t

Start-ups 95

Start-ups accountant Account accounted 95

CPA Practice

NOVEMBER 28, 2023

As part of its 13th annual Week of Caring in November, the staff and partners of Withum across 21 regions in the U.S. volunteered a combined 4,000 hours toward charities and public service, including assisting with food banks, park clean-ups, toy drives, senior centers, 5K runs and other activities. The contributions benefited more than 80 organizations.

accountant 101

accountant Account accounted 101

Accounting Today

NOVEMBER 28, 2023

Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases.

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Gaming Tax 119

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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

CPA Practice

NOVEMBER 28, 2023

Houston-based accounting and advisory firm abip CPAs & Advisors and San Antonio-based accounting firm Brehm, Havel & Co. will merge effective Jan. 1, 2024. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. Brehm, Havel & Co. has been supporting clients in the San Antonio and greater Texas market since 1980.

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Texas cpa firm CPA cpas 97

Insightful Accountant

NOVEMBER 28, 2023

AvidXchange has released a report revealing the top five initiatives that finance professionals are considering for 2024.

Finance 104

Finance 104

Accounting Today

NOVEMBER 28, 2023

Intuit TurboTax, in anticipation of the upcoming filing season, unveiled new support options that encompass both human professionals and artificial intelligence.

Technology 93

Technology Tax 93

CPA Practice

NOVEMBER 28, 2023

By Izzy Kharasch. Since starting my consulting business, Hospitality Works, in 1987, I’ve helped turn fortunes around for many restaurants all across the nation. And I have come to realize something: Most of what I’ve learned about the restaurant business can be applied to almost any business in almost any industry. As a financial professional, you probably have among your clients business owners, would-be business owners and investors in various enterprises (even including restaurants).

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Hospitality Start-ups business accounting accountant 66

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

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year. Section 174 Research and Experimentation Cost Capitalization The tax landscape for specified research and experimentation (SRE) activities is evolving with Section 174 c

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tax planning Tax income tax tax return 64

Anders CPA

NOVEMBER 28, 2023

It’s hard to go a day without hearing about AI. Whether it’s how companies are using language models such as Chat GPT, or how executives should be leveraging AI to drive innovation. While new AI, automation and analytics tools come onto the market every day, it’s important to be curious yet skeptical about securely implementing these technologies. To better understand how AI can be realistically implemented to impact a company’s performance and profitability, we’re taking a deep dive into new to

Technology 64

Technology Maine CPA Finance 64

Going Concern

NOVEMBER 28, 2023

AICPA CEO of Public Accounting and Going Concern favorite Sue Coffey swung by the Accounting Today podcast recently to talk about what else, the pipeline problem. The interesting bit pops up right away in the episode. Here she is talking about how the AICPA is digging through the data to identify reasons for the accountant shortage beyond the ones we already know like declining birth rates ( down 22.9 percent since 2007 ) and fewer people going to university in general.

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public accounting accounting jobs accountant jobs accounts jobs 59

CPA Practice

NOVEMBER 28, 2023

A new survey of marketplace sellers, gig workers, and decision makers at online marketplaces shows that previously proposed changes to IRS form 1099-K reporting requirements would be a threat to their business interests. The changes, which are presently on hold by the IRS, could include a drop in the reporting threshold from $20,000 to $600. This change would have impacted significantly more marketplace sellers and gig workers.

bookkeeping 59

bookkeeping Tax accounting firms tax accountant 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.

Menzies

NOVEMBER 28, 2023

Menzies LLP - A leading chartered accountancy firm. Did you know businesses operating in the financial or insurance sector can, under some circumstances, recover some of the input VAT they incur on costs if they make overseas supplies? Businesses within the financial and insurance services sector are likely to be subject to the VAT exemption rules when making certain supplies for UK clients.

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chartered accountant accounting and finance Finance accounting firms 59

Accounting Today

NOVEMBER 28, 2023

Employee stock ownership plans allow accounting firms 'to be in control of their own destiny.

accounting firms 75

accounting firms accountant Account accounted 75

Withum

NOVEMBER 28, 2023

With the year coming to an end, it’s essential to kickstart your 2023 tax preparations and start thinking about tax-saving techniques, potential opportunities, and the recent legal modifications that might impact your tax obligations. This on-demand webinar session Withum’s tax experts cover an in-depth review of the most important tax planning strategies you can take now to ensure it’s the happiest season of all!

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tax preparation income tax New York tax planning 52

Accounting Today

NOVEMBER 28, 2023

Deploying 1,400 tax collectors — touted by the government as "paramilitary trained" in order to discourage resistance — is the most aggressive in a long line of controversial steps to nearly double the government's revenue collection to a quarter of gross domestic product by 2030.

Tax 58

Tax Government 58

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.

Withum

NOVEMBER 28, 2023

Now that working from home has become more common, are you considering a move to another state? Perhaps to a low-tax or no-tax state? If so, you are not alone, and here are some of the things you should be considering for income tax purposes. Insurance Review: Year-end is a great time to review all your insurance. Changed circumstances and policy modifications can greatly impact your cost and coverage.

income tax 52

income tax tax planning Tax payroll 52

Patriot Software

NOVEMBER 28, 2023

A new rule, known as company beneficial ownership information reporting, takes effect on January 1, 2024, and small business owners are not exempt. Depending on your business structure, you must report beneficial ownership information (BOI)—aka who owns and controls your company—to the U.S. government.

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Government accounted Account accountant 52

CPA Practice

NOVEMBER 28, 2023

Cetera Holdings , the holding company of Cetera Financial Group, has completed the acquisition of Avantax, which will operate as a unique community within the Cetera family, with 3,111 financial professionals, representing $82.3 billion in assets under administration and $42.0 billion in assets under management. Cetera retained Avantax’s legal entities, brand, core technology, product offerings and existing clearing and custody relationships.

Legal 52

Legal Tax Technology accountant 52

Cherry Bekaert

NOVEMBER 28, 2023

View Full Report The October/November issue of the Regulatory Compliance Digest features a summary of the latest updates from the regulators including the long-awaited Community Reinvestment Act changes, Regulation Z Annual Threshold Adjustments, OCC Bank Supervision 2024 Operating Plan, Dodd Frank Section 1071 compliance and more. The Regulatory Compliance Digest is intended to keep you informed of regulatory changes in advance of their effective date so your institution can evaluate changes or

Real Estate 52

Real Estate accounting and finance Finance Hawaii 52

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