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: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting 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.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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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