Canopy Accounting
FEBRUARY 1, 2024
The way you price your accounting services shouldn’t be arbitrary. The correct accounting pricing strategy can effectively mean the difference between scraping by and robust growth.
TaxConnex
FEBRUARY 1, 2024
Well, it’s Groundhog Day. again. – Phil Connors, Groundhog Day In 1993, a Bill Murray movie quietly appeared about a Pennsylvania TV weatherman who relives the same day (February 2) over and over in the town of Punxsutawney. He’s been sent there, much against his wishes, to cover Phil the famous groundhog whose shadow, year after year, forecasts the end of winter.
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Acterys
FEBRUARY 1, 2024
Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.
Accounting Today
FEBRUARY 1, 2024
American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Withum
FEBRUARY 1, 2024
The House of Representatives passed Rep. Jason Smith’s sponsored bill H.R. 7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures
Anders CPA
FEBRUARY 1, 2024
Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 1, 2024
The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund. “ When will I get my tax refund? ” is one of the most common questions for many taxpayers.
Going Concern
FEBRUARY 1, 2024
12,000 people at KPMG UK may have had their pay frozen and bonuses cut late last year but partners are doing OK according to this recent report from FT. First of all, LOL: The story : Payouts for UK partners at KPMG climbed 4 per cent to an average of £746,000 (approx. $949k USD) last year despite a surge in fines for audit failures and a slowdown in growth at the Big Four firm.
CPA Practice
FEBRUARY 1, 2024
Under the so-called “Augusta rule,” homeowners can avoid any tax consequences for certain short-term rentals. However, in a new case, Sinopoli, TC Memo 2023-105, 8/14/23, the shareholders of an S corporation got greedy when they claimed six-figure deductions for rent paid to hold business meetings at their homes. Let’s start with this basic tax premise.
Going Concern
FEBRUARY 1, 2024
Want some help with school? You’re in the right place. Everyone here is a walking billboard for why you should stay in school really, let that be some motivation. Fresh press release for you straight from the source: Aiming to aid accounting students and increase the pipeline of future certified public accountants (CPAs), the Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, are now accepting scholarship applications.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Insightful Accountant
FEBRUARY 1, 2024
We sat down with Emma to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.
Canopy Accounting
FEBRUARY 1, 2024
For estate planning and taxation, IRS Form 1041, U.S. Income Tax Return for Estates and Trusts , documents the income an estate earns after the estate owner passes away. It’s also used to track income before any beneficiaries receive designated assets. In other words, Form 1041 is used to report the income, deductions, gains, and losses of an estate or trust.
Insightful Accountant
FEBRUARY 1, 2024
We sat down with Jennie to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.
AccountingDepartment
FEBRUARY 1, 2024
It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.
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.
Insightful Accountant
FEBRUARY 1, 2024
Intuit QuickBooks has released the results from its Black History Month survey revealing the top challenge facing Black small business owners is 'inflation.
Accounting Today
FEBRUARY 1, 2024
Mule the merrier; cashing out; going for the gold; and other highlights of recent tax cases.
SkagitCountyTaxServices
FEBRUARY 1, 2024
The crescendo of the entire football season is coming up in two weeks, aka the Super Bowl (Sunday, February 11). It’s probably one of the most watched events in America. This year will be no exception… and not just because Taylor Swift will be there cheering on her man. It’ll be a 2020-rematch, and the Chiefs will be on the hunt to win back-to-back Super Bowls (something only 8 teams in NFL history have accomplished).
Accounting Today
FEBRUARY 1, 2024
From digitalization and consultancy to Bitcoin and cryptocurrency, 2024 is set to be a year of growth and possibility.
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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.
MineralTree
FEBRUARY 1, 2024
It’s almost four years since COVID first appeared, and AP teams are still pressured to get more done despite fewer resources and persistent challenges. The pandemic dramatically exposed the inefficiencies of manual, paper-based processes and the difficulties of managing remote team members, invoice approvers, and payment authorizers. Yet, it also underscored the critical role that AP plays in enabling prompt vendor payments and strengthening relationships to keep goods and services flowing durin
CPA Practice
FEBRUARY 1, 2024
CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. That hasn’t changed. However, exactly “what” types of advisory a firm should offer has always been a question. The findings from the new Entrepreneurship in 2024 Report , conducted by Intuit QuickBooks in December 2023, solves for that, providing you a roadmap to help your clients.
Withum
FEBRUARY 1, 2024
Last year is a closed book for most transactions that will be reported on your 2023 tax return. However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider. Publicly Traded Partnerships Consider not investing in publicly traded partnerships (“PTP”) unless you invest amounts meaningful to your total financial assets.
CPA Practice
FEBRUARY 1, 2024
By Nikki Buckelew, Ph.D. A Chicago-area real estate agent, Betsy Phillips, has built up her practice by focusing on the needs of transitioning seniors, www.seniorrealestateexperts.com. She recounts an experience with a client who was not ready to move – but had no choice. “He was not a happy camper,” she recalls. “In fact, he was something of a grouch.
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
Basis 365
FEBRUARY 1, 2024
In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. It's not just about crunching numbers – it's about crafting a strategic architecture that empowers informed decisions, optimizes operations, and navigates the complexities of compliance. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial
CPA Practice
FEBRUARY 1, 2024
AICPA & CIMA has received the Brandon Hall Group Gold award for Excellence in Technology. The award was in the Best Advance of Learning Management for External Training category. The 2023 Brandon Hall Group Excellence in Awards are presented annually for work in the categories of Learning and Development, Talent Management, Talent Acquisition, Human Resources, Sales Enablement, Future of Work, and Education Technology.
Menzies
FEBRUARY 1, 2024
Menzies LLP - A leading chartered accountancy firm. Figures released this week by The Insolvency Service have indicated that 2023 had the highest annual number of corporate insolvencies since 1993. Although creditors’ voluntary liquidations were still the most frequently used process, all processes monitored by the Insolvency Service experienced an increase during the year. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.
CPA Practice
FEBRUARY 1, 2024
The automation platform DataSnipper has partnered with on-demand accounting data provider Validis to provide auditors with a seamless end-to-end audit testing process. DataSnipper also recently announced a Series B funding round valued at $1 billion. DataSnipper, when integrated with Validis, delivers one audit test workflow to drive significant audit quality and efficiency.
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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.
Withum
FEBRUARY 1, 2024
Learn how a regional healthcare provider overhauled their existing process automation system to Microsoft’s Power Automate to streamline and modernize critical workflow management. Download a PDF of this case study. Executive Summary Trusted community healthcare provider with desire to modernize their backend workflow/process automation management system.
ThomsonReuters
FEBRUARY 1, 2024
Jump to: What are the GAAP accounting rules? What are the main principles of the GAAP framework? What are the key differences between GAAP and IFRS? What are the GAAP rules for capitalization of costs? What are the main consolidation models under GAAP? GAAP rules for outstanding checks Staying up to date with GAAP standards Accurately tracking and presenting financial information can be complex, even for smaller organizations.
CPA Practice
FEBRUARY 1, 2024
Roseland, NJ-based tax and advisory practice Magone & Co. has signed an agreement to merge with Hackensack, NJ-based CPA firm Wurdemann, Pinto & Co. on May 1. Financial terms of the deal weren’t disclosed. The combined firm will employ approximately 40 people. “What drew us to Wurdemann, Pinto was the firm’s similar company culture and business philosophy, as well as their complementary strengths in client accounting services and advisory services for C-suite executives.
Withum
FEBRUARY 1, 2024
The Alternative Route Video Series Experience captivating discussions, fresh insights, and a deeper understanding of the fascinating world of alternative investments. Learn More The post PEI Spotlight: How AI Is Transforming Finance and Accounting appeared first on Withum.
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.
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