Randal DeHart
AUGUST 2, 2024
Handling multiple projects simultaneously is a common challenge for small construction companies. While it can signify growth and success, it comes with its fair share of struggles. From resource allocation to maintaining quality and meeting deadlines, juggling several projects can be overwhelming. However, with the right strategies, it's possible to navigate these challenges successfully.
MyIRSRelief
AUGUST 2, 2024
The cannabis industry is one of the fastest-growing sectors in the United States, with more states legalizing its use for medicinal and recreational purposes. However, despite state-level legalization, cannabis remains a Schedule I controlled substance under federal law. This dichotomy creates a complex tax landscape for cannabis businesses, particularly concerning compliance, audits, and the infamous Section 280E of the Internal Revenue Code (IRC).
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Accounting Today
AUGUST 2, 2024
The Supreme Court is likely to take up the case, which hinges on what, exactly, constitutes a tax.
CPA Practice
AUGUST 2, 2024
Nic Querolo Bloomberg News (TNS) Undocumented immigrants paid almost $100 billion of taxes, underscoring the importance of border policies on the country’s tax collections, according to a new report. One of the most common arguments for curtailing immigration is the cost borne by the U.S. government. But undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer, according to a report released Tuesday by the Institute on Taxation and Ec
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.
Accounting Today
AUGUST 2, 2024
KPMG announces new partnerships; CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.
Withum
AUGUST 2, 2024
We will explore what happened with the Los Angeles Dodgers’ superstar pitcher, how common situations like this are, how the fraud occurred, and how to prevent it from happening in the future. What Happened? According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
AUGUST 2, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Accounting Today
AUGUST 2, 2024
The Albuquerque-based firm joined CliftonLarsonAllen, effective Aug. 1.
Withum
AUGUST 2, 2024
I was recently asked to work on a project for a client and was not provided with all the information. I was slightly annoyed, but I did everything I could. When I sent them what I did, I wrote a favorite Latin expression of mine: A pila est in atrium , meaning the ball is in your court! That is an obscure expression, but it got me thinking that many Latin words (or abbreviations) are used frequently in everyday talk, so I prepared the following shortlist.
Accounting Today
AUGUST 2, 2024
Abraham Shafi, former CEO of social media platform IRL, was charged with defrauding investors of $170 million by the Securities and Exchange Commission.
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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.
Cherry Bekaert
AUGUST 2, 2024
Contributor: Tony Konkol, Manager The Tax Cuts and Jobs Act (TCJA) that went into effect in 2018 limited individual deductions for state and local taxes to $10,000. Many states, including Virginia, developed a Pass-Through Entity Tax (PTET) to combat this limitation. Effective for years 2021-2025, Virginia taxpayers can now pay their VA tax at the entity level, receive a federal deduction, and then receive a VA credit for the tax paid.
Accounting Today
AUGUST 2, 2024
SD Mayer's 5 Buckets Foundation brings together staff, clients and more to improve financial literacy.
CPA Practice
AUGUST 2, 2024
Emburse , whose innovative travel and expense solutions power forward-thinking organizations, has announced a strategic relationship with Finexio , the fast-growing accounts payable (AP) payments as a service company. The partnership offers Emburse customers an innovative solution to long-standing AP challenges in the $125+ trillion B2B payments market.
Accounting Today
AUGUST 2, 2024
The Bonadio Group hosts its seventh annual Purpose Day of volunteering; PwC airs ad during Olympic games; and more news from across the profession.
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.
Insightful Accountant
AUGUST 2, 2024
Summer is an excellent time to consider changes you would like to see in your practice. As technology advancements continue, it is increasingly helpful for firms to work closely with vendors to reach solutions that can help clients and employees.
Accounting Today
AUGUST 2, 2024
With firms changing so rapidly, does it still make sense to lock in a long-term plan?
FraudFiles
AUGUST 2, 2024
The internet is an important source of information in financial investigations. It has become so important, that I wonder what I ever did without access to all of this information! Even though my work is focused on digging into the details of financial records – – and many of those are private and not available [.
Ronika Khanna CPA,CA
AUGUST 2, 2024
According to Canada Revenue Agency (CRA), the definition of a sole proprietorship is as follows: A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest kind of business structure. The owner of a sole proprietorship has sole responsibility for making decisions, receives all the profits, claims all losses, and does not have separate legal status from the business.
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.
CPA Practice
AUGUST 2, 2024
By Lilac Bar David. Accounting departments have undergone a rapid evolution throughout the years. Gone are the days of thick carpets strewn with paperwork and manual calculators, as manual processes have been replaced by software that enhances accuracy and efficiency, including artificial intelligence. But even as accounting professionals are increasingly expected to adopt a technology-centric approach, many organizations still rely on outdated processes that cause frustrations among workers and
CPA Practice
AUGUST 2, 2024
Caitlin Reilly CQ-Roll Call (TNS) WASHINGTON — The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill that would deliver financial relief to businesses and low-income families, amid opposition from most Republicans and some on the majority side of the aisle as well. Though the procedural vote was expected to go down, Democrats hope Republicans’ opposition to expanding the child tax credit will hurt the GOP on the campaign trail and give their
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