TaxConnex

JULY 18, 2024

Maintaining compliance documentation is crucial for businesses to ensure smooth and successful audits. Proper documentation allows auditors to interpret and verify your financial transactions accurately. Unfortunately, many businesses find themselves unprepared when faced with an audit, lacking the necessary documentation. This can lead to auditors assuming transactions are taxable, or making historical projections or arbitrary assessments of taxable sales.

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audit Sales Tax tax return 264

Accounting Today

JULY 18, 2024

The top state takes in $7,200 in tax per capita.

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Tax 137

CPA Practice

JULY 18, 2024

The Department of the Treasury and the Internal Revenue Service has issued final regulations updating the required minimum distribution (RMD) rules. The final regulations reflect changes made by the SECURE Act and the SECURE 2.0 Act impacting retirement plan participants, IRA owners and their beneficiaries. At the same time, Treasury and IRS issued proposed regulations, addressing additional RMD issues under the SECURE 2.0 Act.

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accounted Account accountant 124

Accounting Today

JULY 18, 2024

The Treasury Department and the Internal Revenue Service issued final regulations Thursday to update the rules for required minimum distributions.

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Tax 134

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.

Finance

Going Concern

JULY 18, 2024

In an opinion piece published in Fortune on July 17 , former IRS commish Chuck Rettig recognizes that his former employer was wise to put a moratorium on processing fraud-plagued Employee Retention Credit (ERC) claims but says the IRS should process the less shady ones in the meantime. The work of identifying the risk level of individual claims has apparently already been done so at this point they know which bunch are most likely to be legit.

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Tax 111

Accounting Today

JULY 18, 2024

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

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audit accounting firms accountant accounted 131

Accounting Today

JULY 18, 2024

Go Pats; on the hook; two down; and other highlights of recent tax cases.

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Tax tax preparation 116

ThomsonReuters

JULY 18, 2024

Jump to: What are the top challenges accountants are facing? Attracting, hiring, and retaining staff Time management and deadlines Keeping up with tax law Billing and cash flow issues Rising challenges for accountants The accounting industry continues to experience profound change as tax and accounting professionals navigate the fluid regulatory landscape amid shifts in client and employee expectations and advancements in innovative technologies like artificial intelligence.

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Account accounted accountant Technology 92

Accounting Today

JULY 18, 2024

To achieve greater agility, accuracy and the foresight needed to adjust and adapt, businesses must shed the constraints of the financial close and embrace continuous accounting.

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Account accountant accounted Technology 107

AccountingDepartment

JULY 18, 2024

Summer can be a challenging time for many businesses, with sales often dipping as customers take vacations and routines shift. But a slowdown doesn't have to mean a cash flow crisis.

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Sales 84

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Technology

Accounting Today

JULY 18, 2024

The time is ripe to start implementing AI in organizations to harness its power in time for next year's busy season.

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Tax 106

CPA Practice

JULY 18, 2024

AICPA & CIMA, which together form the Association of International Certified Professional Accountants, are officially a Great Place To Work , according to the organization of the same name that tracks employee experience. AICPA & CIMA are certified as a Great Place to Work in seven countries – The U.S., U.K., Ireland, South Africa, Malaysia, India and China.

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Education accounted Account accountant 75

Accounting Today

JULY 18, 2024

Expiring provisions and a misunderstanding of how tax law is made top the list of client worries, practitioners say.

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Tax tax preparation tax planning Finance 99

Patriot Software

JULY 18, 2024

The Connecticut paid sick leave law was the first state-mandated paid sick leave in the United States, dating back to 2012. In 2024, the state passed a major Connecticut sick leave expansion that begins in 2025. Do you have to pay your employees for sick days in CT?

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Connecticut payroll 74

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.

payroll

Accounting Today

JULY 18, 2024

A recent study looked at the impact of the European Union's General Data Protection Regulation and found that firms lost some value but, at the same time, suffered fewer data breaches.

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Basis 365

JULY 18, 2024

Managing finances is a critical aspect of running a business, yet it often poses a significant challenge, especially for startups and small businesses. Recognizing this, Basis 365 has relaunched its Bookkeeping plan , designed specifically for startups and simple businesses. This plan aims to provide streamlined, efficient, and cost-effective bookkeeping services.

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bookkeeping bookkeeping services general ledger accounts payable 65

Accounting Today

JULY 18, 2024

San Francisco mayoral candidate Mark Farrell has a plan to get workers back into downtown offices — and it doesn't include commuter benefits or coffee machines.

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Tax Real Estate 72

Going Concern

JULY 18, 2024

The Midwest’s favorite accounting firm announced earlier this week that 25 of its brightest stars have reached the very top of the ladder so join us in giving them a salute. Matthew Bohdan , risk and accounting advisory services, Southfield Eric Bowers , Plante Moran Financial Advisors, East Lansing Amanda Carrigan , risk and accounting advisory services, Denver Tech Center Alicia Cole , wealth management, Detroit Ben Cote , tax, Denver Tax Center Adam Counts , assurance, Southfield [Ed. n

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Tax accounting firms accountant accounted 64

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.

Finance

CPA Practice

JULY 18, 2024

Bloomberg Tax & Accounting has announced new enhancements to Bloomberg Tax Workpapers, including an innovative AI formula generator and additional integrations with Bloomberg Tax’s Fixed Assets and Tax Provision solutions. These advancements continue Bloomberg Tax & Accounting’s commitment to integrating and streamlining corporate tax workflows across its suite of solutions.

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tax accountant Tax Technology corporation tax 59

Going Concern

JULY 18, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX CANDIDATES FTE Tax Manager | Candidate ID #22002360 Certifications: CPA Education: BS Accounting, MS Finance Experience (years): 8+ years tax experience Work ex

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NetSuite Account accounted accountant 59

Summit CPA

JULY 18, 2024

Paying your employees, keeping the lights on, and staying within your line of credit : If you want to stay in business, you need to stay on top of cash flow. It doesn’t matter how many contracts you have signed or customers you have rushing through your doors, if you don’t have enough money to cover your expenses today. It also doesn’t matter if you have a huge amount of money in your bank account, if you’re about to get hit by a shortfall next month.

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accounted Account accountant CPA 52

Insightful Accountant

JULY 18, 2024

Now, you can create an employee organization chart using QuickBooks Online Payroll.

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payroll quickbooks 52

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.

CPA

Summit CPA

JULY 18, 2024

Free Webinar: Contractors, Overtime and Other Recent Employment Compliance Changes, August 15th at 1pm ET

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52

Insightful Accountant

JULY 18, 2024

Be aware—be very aware—the 'dark side' is out in force these days, with a lot of 'spamming' of phone, email, and text messages.

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CPA Practice

JULY 18, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, take a look at BQE Core , an all-in-one accounting and invoicing software that let’s you manage everything from one platform. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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Technology Account accounted accountant 52

LSLCPAs

JULY 18, 2024

In the fast-paced world of business, having a strategic plan is like having a compass in a vast ocean—it guides your actions and decisions, steering your company toward its goals. Yet, astonishingly, there are still businesses out there operating without a clear strategic plan in place. If you find yourself among them, fear not! Today, The post Still Don’t Have a Strategic Plan?

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cpas 52

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

Spend Management

CPA Practice

JULY 18, 2024

Top 100 accounting firm HoganTaylor has expanded its talent services business by joining forces with Tulsa, OK-based Talent Acquisition Group (TAG). As of July 16, TAG and HoganTaylor’s existing talent practice will do business as HoganTaylor Talent. Tulsa-based HoganTaylor has offered clients a wide array of talent development and talent management services for nearly a decade, including HR outsourcing and compliance, strategic planning facilitation, team-based training, executive coaching, and

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accounting firms accountant accounted Account 52

Cherry Bekaert

JULY 18, 2024

NFP leadership practices are experiencing a transformative shift, focusing on diversity, collaboration, empathy, data-driven decision-making, and sustainability. These emerging trends underscore that diverse perspectives and experiences lead to better decision-making and outcomes and underscore a commitment to driving positive social change and community impact in the nonprofit sector.

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Non-Profits 52

Insightful Accountant

JULY 18, 2024

Are you ready to revolutionize your tax practice? Don't miss our upcoming webinar, "Building a Tech-Driven Tax Practice” the first in an exciting series designed to help small and medium-sized tax firms thrive in the digital age.

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Technology Tax 52

Anders CPA

JULY 18, 2024

Innovation in the workplace doesn’t happen spontaneously; it needs to be encouraged and cultivated for change to truly take place. Before your company can make transformative use of emerging technologies such as AI, you must carefully examine your organization’s culture and leadership’s reaction to failure to make the jump to the next level not just feasible but inevitable.

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Technology CPA 52

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