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 247

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

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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accountant Account accounted 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: 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

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

Insightful Accountant

JULY 18, 2024

If you are a ProAdvisor, Consultant, or Accountant wanting to support construction businesses as they digitally transition, you won’t want to miss this survey, which will provide valuable insights into the industry.

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Construction accountant Account accounted 105

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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accountant Account accounted Technology 91

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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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 85

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

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.

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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 75

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

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 accountant Account accounted 98

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

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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

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 Account 65

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

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 64

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

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

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

NetSuite 59

NetSuite accountant Account accounted 59

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

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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accountant Account accounted CPA 52

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.

Technology 52

Technology accountant Account accounted 52

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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.

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

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

accounting firms 52

accounting firms accountant Account accounted 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

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.

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

FraudFiles

JULY 18, 2024

Bank statements can be a very valuable tool in child support and divorce cases, particularly when one party has not been forthcoming about income and expenses. We can look at deposits to draw conclusions about income, and the level of expenditures may also give us clues about the level of income. Tracy talks about some [.

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Cherry Bekaert

JULY 18, 2024

The South Carolina General Assembly recently extended the sunset date of the South Carolina Abandoned Buildings Revitalization (ABR) credit to December 31, 2035 ( Act No. 169, effective May 20, 2024 ). It was previously set to expire at the end of 2025. Additionally, it increased the maximum credit per qualified site from $500,000 to $700,000. Take Action Now Qualified projects currently under construction may take advantage of the new maximum ABR credit of $700,000 if special action is taken by

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South Carolina Construction 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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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.