Wed.Jul 10, 2024

article thumbnail

Be Audit Ready: Essential Steps for Pension and OPEB Reporting

LSLCPAs

LSL Webinar “Back to Basics | Pension & OPEB for Beginners,” presented by Riley, CPA Greenlee & Krystal Cabrera , CPA lead you through the necessary steps on preparing for audits related to pension and Other Post-Employment Benefits (OPEB) reporting. In case you missed it – this article will guide you through the types of. The post Be Audit Ready: Essential Steps for Pension and OPEB Reporting appeared first on LSL CPAs.

audit 52
article thumbnail

Tax Tools for Startups: Ensuring Compliance and Maximizing Benefits

BurklandAssociates

A guide to the tax tools in Burkland’s startup tax toolkit, grouped by the type of tax obligations they address. The post Tax Tools for Startups: Ensuring Compliance and Maximizing Benefits appeared first on Burkland.

Tax 173
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

California Suspends NOLs and Limits Credit Utilization

Withum

Faced with California’s $45 billion budget deficit, Sacramento lawmakers continue to grapple with how to cure the shortfall. It comes as no surprise that in late June, the state’s Lt. Gov. Eleni Kounalakis, in her role as acting governor, and Gov. Gavin Newsom signed Senate Bills 167 and 175. The bills’ passage resulted in suspending the net operating loss deduction for businesses with greater than $1 million in income and limiting business tax credit utilization, along with other changes.

article thumbnail

Intuit plans to replace 1,800 employees

Accounting Today

The laid-off workers will be replaced by specialists in engineering, product, and customer-facing roles as part of Intuit's larger AI plans.

134
134
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

IRS Issues FAQs About Clean Fuel Production Credit Registration

CPA Practice

The IRS on Wednesday issued frequently asked questions (FAQs) in Fact Sheet 2024-25 related to which entities must apply for registration for the Clean Fuel Production Credit. The Inflation Reduction Act of 2022 added a new income tax credit for clean fuel production, available beginning Jan. 1, 2025. The Section 45Z tax credit under the Inflation Reduction Act is available for clean fuel produced by a taxpayer at a qualified facility from 2025 through 2027.

article thumbnail

Dean Dorton acquires SaaS solutions provider

Accounting Today

The acquisition will expand the Top 100 Firm's portfolio of specialized accounting software and ERP solutions, particularly in the manufacturing and distribution sectors.

More Trending

article thumbnail

The Fastest-Growing Firms: The secret sauce of growth

Accounting Today

Some of Accounting Today's fastest-growing firms share what turbo-charged their expansion over the past year.

article thumbnail

Hidden Fees Surprise E-Commerce Shoppers as Global Sales Challenges Increase

CPA Practice

A new analysis by Avalara that explores the impact of cross-border complexity on businesses and consumers globally reveals that younger consumers are at the forefront of cross-border shopping. Avalara, Inc. is a provider of tax compliance automation software for businesses of all sizes. Around two-thirds of both the 16–24-year-old (63%) and 25-34-year-old (68%) age groups surveyed made international purchases in the last year, compared to only 41% of shoppers over the age of 55.

article thumbnail

The Fastest-Growing Firms: Challenges to growth

Accounting Today

Some of Accounting Today's 2024 Fastest-Growing Firms share the obstacles they had to overcome to turbocharge their revenue.

article thumbnail

Are You Ready for July 31, 2024?

Insightful Accountant

Do you realize that July 31, 2024, is only 21 days away when Intuit will stop selling QuickBooks Pro and Premier to new subscribers? "What are you prepared to do?

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Founder Files: The reluctant entrepreneur

Accounting Today

Orumé Hays, founder of Hays CPA, wanted to make sure her future was never in someone else's hands.

CPA 131
article thumbnail

Workflow insights from the 2024 Tax Professionals Report

ThomsonReuters

It’s back to business fundamentals for many tax and accounting firms as 2024 shapes up to be a year of re-assessment and re-building, according to the Thomson Reuters Institute 2024 State of Tax Professionals Report. Jump to: A deeper look at efficiency and automation The intersection of challenges and priorities in tax workflows A bright future awaits in workflow for tax professionals According to the survey, firms are taking stock of their strengths and weaknesses this year — and moving forwar

Tax 98
article thumbnail

Did Chevron Just Eliminate Cannabis Rescheduling?

Insightful Accountant

The recent Supreme Court decision overturning the Chevron doctrine has sent shockwaves through the regulatory landscape, with potentially significant ramifications for the cannabis industry.

97
article thumbnail

Becker Launches Tax Representation Training with Tax Rep Network

CPA Practice

Becker , a provider of accounting exam prep and professional education, has launched tax representation training in partnership with Tax Rep Network , an education and training resource for tax and accounting professionals. The training will include webcasts and on-demand continuing professional education (CPE) courses for tax practitioners and firms looking to expand their services and represent taxpayers in front of the IRS.

Tax 97
article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

Michael Ritchie Named the M&A Advisors Emerging Leader

Withum

Withum is proud to share that Michael Ritchie , Senior Manager, was recognized by The M&A Advisor on their 15th Annual Emerging Leaders list. Michael is a Senior Manager on Withum’s Transaction Advisory Services Team. He has over 15 years of experience and specializes in transaction advisory on both the buy and sell sides, M&A strategy, and working with sellers for go-to-market strategies across multiple industries.

article thumbnail

Inside Direct File: How the IRS built its free tax prep program

Accounting Today

The head of the Internal Revenue Service's Direct File program cites careful scoping and a blended team of government and private sector for making it work.

Tax 133
article thumbnail

Professionals of All Stripes Are Uncharacteristically Optimistic About This Whole AI Thing

Going Concern

In a surprising development, it seems professionals are feeling great about how AI can impact their work in the near and slightly less near future. That’s according to the Future of Professionals Report 2024 just released by Thomson Reuters which you can view in its entirety here. 620 of the survey’s more than 2200 respondents are in tax, accounting, and global trade while 115 are in risk and compliance-type jobs, the rest are in legal (1253) or C-suite execs (217).

article thumbnail

Weather victims in Mississippi, Iowa get tax relief

Accounting Today

The IRS is pushing back both filing and payments deadlines for impacted taxpayers.

Iowa 130
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

article thumbnail

Deloitte Ups Its Brainwashing Game in Europe and It’s Beautiful

Going Concern

Deloitte announced yesterday that there’s a new brainwashing compound in town, baby! The new Deloitte University EMEA (Europe, Middle East and Africa) is ready at last to be packed with throngs of eager learners. Said the press release put out by Deloitte Belgium , the state-of-the-art learning facility located in the Val d’Europe area in Paris, France spans more than 22,000 square meters (That’s 236806.03 square feet for us superior imperial unit users).

Gaming 65
article thumbnail

IRS issues FAQ on Clean Fuel Production Credit

Accounting Today

Notice 2024-49 and a new set of frequently asked questions from the Internal Revenue Service offer more clarity around the credit.

Tax 83
article thumbnail

Accounting Firm Adds New Subsidiary, Schneider Downs Capital

CPA Practice

Schneider Downs & Co. introduces a new subsidiary: Schneider Downs Capital LLC (SD Capital), a focused team of value advisors specializing in middle market transactions. The new entity, SD Capital , will guide owners in maximizing business value from early-stage planning through final transaction. It merges middle-market M&A investment banking services from Schneider Downs Corporate Finance, LP with strategic value advisory services aimed at enhancing pre-transaction value, evaluating do

article thumbnail

The Fastest-Growing Firms: Opportunities ahead

Accounting Today

Some of Accounting Today's 2024 Fastest-Growing Firms share what they're excited about for the future.

article thumbnail

Harness the Potential of Your Enterprise Knowledge

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.

article thumbnail

Decision Making Managers

Withum

Decision making is key to a manager’s job. Accordingly, managers should know their strengths and weaknesses in this area so that they can hone and improve their decision making. You also should want to make as many decisions as possible while avoiding errors and making the best of your staff. I have a client who has a great strength in making quick decisions.

article thumbnail

Your Clients Don’t Care About What You Do

Ryan Lazanis

Your clients aren't interested in your processes or tasks. Discover what they truly want and how you can better satisfy their needs. The post Your Clients Don’t Care About What You Do appeared first on Future Firm.

article thumbnail

Tax Update for Manufacturers: Clean Energy Tax Credits

Withum

The Inflation Reduction Act of 2022 has granted manufacturing, distribution and logistics companies new credit opportunities for maximizing the utilization of clean energy. Let’s discuss the extension and modification of Section 48, “Clean Energy Investment Tax Credit,” the new Section 45X, “Advanced Manufacturing PTC” and the monetizing of the Federal Income Tax Credit and Statutory vs.

article thumbnail

Cincinnati CPA Firm Changes Name After Partner Retires

CPA Practice

As the firm celebrates its 40th anniversary, Cincinnati-based accounting firm Burke & Schindler changed its name on July 1 to Burke CPAs & Advisors a year after the retirement of one of its partners. Cincinnati Business Courier reported : [T]he East End-based CPA firm celebrates 40 years since its humble beginnings when Pat Burke launched it in Hyde Park.

article thumbnail

Solve Your Firm's Automation Complexities Once and For All

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.

article thumbnail

Pension and OPEB Reporting: Key Steps and Best Practices

LSLCPAs

LSL Webinar “Back to Basics | Pension & OPEB for Beginners,” presented by Krystal Cabrera, CPA and Riley Greenlee, CPA outlined the fundamentals of pension and Other Post-Employment Benefits (OPEB) for beginners. In case you missed it – here, we walk you through the necessary steps to determine which plans need to be reported, outline.

cpas 52
article thumbnail

Securing the Section 179D Tax Deduction for Clients with Energy-Efficient Commercial Buildings

CTP

By Marlon Stepp Despite all the gloom and doom predictions for commercial real estate, two-thirds of the world’s total building area today will still exist in 2040. Buildings generate nearly 40% of annual global CO 2 emissions. Without widespread building decarbonization across the globe, these buildings will still be increasing CO2 emissions in 2040, and we will not achieve the Paris Agreement’s 1.5°C target for reducing global temperature.

Tax 52
article thumbnail

Ryan Acquires Altus Group’s Property Tax Business in $500 Million Deal

CPA Practice

By Andrew Long, The Dallas Morning News (TNS) Ryan, a Dallas-based company that describes itself as the largest business-specific tax services and software firm in the world, announced Tuesday that it is acquiring the property tax wing of Canadian commercial real estate services and software company Altus Group Limited. The deal is worth $700 million in Canadian currency ($500 million in the U.S.) on top of a Canadian $5-million-per-year commitment to an Altus Market Insights subscription fo

article thumbnail

The CannaBiz Success Show: The Name of the Game is ‘Pivot’ with Marianne Cursetjee

Anders CPA

Marianne Cursetjee, CEO and Co-founder of Alibi Cannabis, joins Guillermo to discuss the challenges of securing land, navigating regulations, and the importance of a focused cannabis business model. Marianne emphasizes the need for federal legalization, improved access to banking, and strategic cultivation practices. The episode concludes with a discussion on industry collaboration, quality standards, and the future potential of the cannabis market.

Gaming 52
article thumbnail

It Takes Two to Tango

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.