Patriot Software
MAY 6, 2024
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.
Accounting Today
MAY 6, 2024
Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.
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Going Concern
MAY 6, 2024
Remember the Deloitte survey a while back that found Gen Zers were more than twice as likely as boomers to have their social media account hacked * (17% vs. 8%) and three times more likely than boomers to fall for an online scam (16% vs. 5%)? A refresher: Deloitte Survey Finds Zoomers Are 3x More Likely to Fall For Scams Than Boomers So Why Don’t More of Them Work at Deloitte Today EY released the results of its 2024 Human Risk in Cybersecurity Survey and Gen Z workers who use work-issued
Accounting Today
MAY 6, 2024
Among the concerns of using AI in accounting are the potential risks to the security and privacy of data.
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
CPA Practice
MAY 6, 2024
The IRS on May 3 issued frequently asked questions in Fact Sheet 2024-19 about a provision in SECURE 2.0 that provides special rules relating to distributions from retirement plans and IRAs and for retirement plan loans for taxpayers impacted by federally declared major disasters. Prior to the changes made by SECURE 2.0, which was enacted in December 2022, there was no disaster relief allowing these distributions and loans that applied generally for all major disasters.
Accounting Today
MAY 6, 2024
What exactly are accountants doing with artificial intelligence? Turns out, a lot.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CTP
MAY 6, 2024
When the Tax Cuts and Jobs Act of 2018 introduced a new $10,000 cap on state and local tax (SALT) deductions, taxpayers living in areas with high state-level taxes felt the hit. Highly-impacted states like California, Connecticut, Illinois, New Jersey, New York, or Pennsylvania quickly began searching for ways to provide relief to their taxpayers. Only individual taxpayers filing itemized deductions Schedule A are affected by this limitation.
Cherry Bekaert
MAY 6, 2024
On April 25, 2024, the U.S. Treasury released final regulations, IR-2024-120 , covering rules related to the ability to sell and transfer credits under the Inflation Reduction Act (IRA) found in Internal Revenue Code Section 6417. This new rule substantially changes the way certain federal tax credits can now be monetized and has created quite a stir in the tax world.
Patriot Software
MAY 6, 2024
To grow your business, you need to track financial information and measure performance. One metric you should be keeping an eye on is your business’s profit margin. Read on to learn how to calculate profit margin for your company and ways to improve your margins. What is profit margin?
Cherry Bekaert
MAY 6, 2024
Tennessee Franchise Tax Refund Opportunity with New Senate Bill Taxpayers must file refund claims between May 15, 2024, and November 30, 2024, to potentially qualify for this franchise tax refund. The Tennessee franchise tax has historically been calculated based on the greater of a taxpayer’s apportioned net worth, or the actual value of real and tangible personal property owned or used in Tennessee.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Patriot Software
MAY 6, 2024
Do you ever pay for business goods and services before you use them? If so, these types of prepaid expenses require special attention in your books. You need to create a prepaid expenses journal entry. So, do you know how to record a journal entry for prepaid expenses? Don’t panic if you don’t.
Cherry Bekaert
MAY 6, 2024
Whether you own residential or commercial property(s), selling your real estate can be a complex process, especially when it comes to tax implications and deferral options. The good news is that the current real estate market favors sellers over buyers. With limited inventory and sustained buyer demand, real estate investors looking to sell off some of their properties while simultaneously lowering their tax bill can benefit from certain tax-deferral strategies and investment options.
Accounting Today
MAY 6, 2024
Jody Padar prides herself as a disrupter and rightfully so, especially in her new book.
Patriot Software
MAY 6, 2024
How do you fill out the most recent version of the 1099-MISC form? Learn how to fill out Form 1099-MISC and where to send completed forms. Form 1099-MISC overview Form 1099-MISC, Miscellaneous Information, is an information return that businesses use to report payments and miscellaneous payments.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Accounting Today
MAY 6, 2024
The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.
CPA Practice
MAY 6, 2024
The Massachusetts Society of Certified Public Accountants (MassCPAs) is proud to announce its investment in the future of accounting by awarding $182,500 in scholarships to 51 outstanding students across the state. These scholarships, presented through the MassCPAs Educational Foundation Scholarship Program, recognize exceptional academic performance and commitment to the accounting profession.
Accounting Today
MAY 6, 2024
The Internal Revenue Service is falling short on its initiative to expand jobs, services, and assistance to taxpayers in underserved populations in the Mississippi Delta, according to a new report.
CPA Practice
MAY 6, 2024
The accounting and advisory firm Marcum LLP has acquired Croskey Lanni, PC, a notable Detroit, Michigan area-based firm with an office in Boca Raton, Florida. This transaction establishes a presence for Marcum in Michigan and enhances the firm’s capabilities in tax , assurance , technology , and financial advisory & accounting services throughout the Midwest.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Accounting Today
MAY 6, 2024
U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.
CPA Practice
MAY 6, 2024
One hundred and twenty-five staff and 24 partners from top 300 accounting firm Apple Growth Partners will join Fargo, ND-based Eide Bailly on June 24, expanding the top 20 firm’s footprint across the Great Lakes region. Financial terms of the deal weren’t disclosed. The acquisition is Eide Bailly’s second largest in its over 100-year history, according to the firm, and marks Eide Bailly’s first offices east of the Mississippi as it enters the Ohio market.
Accounting Today
MAY 6, 2024
Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.
Nancy McClelland, LLC
MAY 6, 2024
Tax season is over. Take a deep breath – whether you’re a bookkeeper or tax preparer, you’ve endured plenty of stress these past months, and now you’re in the perfect space between vacation and conference season to look back and figure out how to make it go better next year. That’s what we do in our firm, anyway; I learned an amazing lesson from one of my favorite instructors, Tom Gorczynski , to plan for next tax season while the pain is still fresh in your mind!
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Accounting Today
MAY 6, 2024
As one of many providers of the existing and expanding capabilities, Envestnet is urging more financial advisors to consider after-tax optimization.
CPA Practice
MAY 6, 2024
Thursday May 9, 2024 1:00pm ET | 12:00pm CT | 10:00am PT [link] With changes in lease accounting and emissions standards, organizations need to look beyond compliance to automating, optimizing and consolidating strategic financial systems. [This webcast is not produced by CPA Practice Advisor. ] Lease accounting leaders from PwC and LeaseAccelerator will discuss market shifts that are driving strategic changes for organizations, including scaling up to handle new standards like emissions, lever
Accounting Today
MAY 6, 2024
Marcum acquired Croskey Lanni; Ascend added Blackman & Sloop and TSS; and RKL eSolutions bought Techware.
Patriot Software
MAY 6, 2024
Although the 2024 “Tax Day” is over, tax scams live on. The IRS compiles an annual list of common scams known as the “Dirty Dozen” list. Read on to learn about the most common tax scams in 2024 to avoid falling victim to them.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
CPA Practice
MAY 6, 2024
By Emily Nicolle, Bloomberg News (TNS) More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa Inc., suggesting such crypto tokens may be far away from becoming a commonly used means of payment. The dashboard from Visa and Allium Labs is designed to strip out transactions initiated by bots and large-scale traders to isolate those made by real people.
Insightful Accountant
MAY 6, 2024
Intuit has recently announced a new service called QB Live Expert Assisted Bookkeeping. However, this move has understandably sparked mixed reactions within the accounting community. Read more about it!
CPA Practice
MAY 6, 2024
Top 300 accounting firm LMC has acquired Vogel & Co., an independent business management and tax advisory firm with offices in Darien, CT, and West Palm Beach, FL, that specializes in family office services for high-net-worth clients. Financial terms of the deal weren’t disclosed. This strategic partnership will provide greater value to clients by expanding the range of services and solutions they offer to address the sophisticated needs of high-net-worth families and individuals, both firms
Anders CPA
MAY 6, 2024
4/30 is the new 4/20. We’ve been predicting an April announcement, to allow for plenty of time for the process to be completed before the election, and the reschedule is right on schedule. This is fantastic news, and there have been lots of long-awaited celebrations across the industry. Now that we know that 2024 is likely the year, we’ve got to get into the weeds to understand the exact timing of the reschedule, as well as when 280E will go away – and an estimated two billion dollars will come
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