Fri.Jan 26, 2024

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Unveiling the Secrets to a Calm Tax Season

Insightful Accountant

Accountants often face stress and burnout, impacting their well-being. Recognize the toll it takes on your health. A comprehensive guide offers 5 simple steps tailored for professionals like you to bring calm and balance back into your life.

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IRS and tax pros gird for filing season amid congressional uncertainty

Accounting Today

The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.

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How to Get the California Franchise Tax Board to Accept Your Offer in Compromise

MyIRSRelief

The Offer in Compromise (OIC) is a powerful tool for taxpayers who are unable to pay their full tax liability. It allows taxpayers to settle their tax debt for less than the full amount owed, potentially saving them significant amounts of money. However, getting an OIC accepted by the California Franchise Tax Board (FTB) can be a complex and challenging process.

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PCAOB levies $590K in fines over Haynie audits

Accounting Today

The Public Company Accounting Oversight Board also permanently barred a sole practitioner in New York.

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Building a Business Case for Finance Automation

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.

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The Accounting Technology Lab Podcast: CES Jan. 2024 Innovation Awards

CPA Practice

Randy Johnston and Brian Tankersley, CPA, offer their take on the best technologies at CES 2024 in Las Vegas in January. Check out their video on the best professional technologies from this year’s CES at [link]. We now offer this podcast with video: Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F.

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ROI – NJ Power List 2024

Withum

Withum is proud to share that New Jersey business publication ROI-NJ has named Bill Hagaman, Ed O’Connell, and Pat Walsh to their 2024 Power Influencer List in Accounting. Bill Hagaman , Partner and Immediate past Managing Partner and CEO, has been a member of the Firm’s management for over 30 years and specializes in merger and acquisition services and international business.

More Trending

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Tech news: Drake Software releases DrakePay for accounting pros

Accounting Today

Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.

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IRS-CI to Host ERC Seminars for Tax Professionals

CPA Practice

The IRS Criminal Investigation unit will hold educational sessions for tax professionals about the employee retention credit (ERC) next month, the agency announced on Jan. 25. “CI special agents will host a series of educational sessions geared specifically to tax professionals about ERC at its field offices across the country,” the IRS said on Thursday.

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On the move: Lavine, Lofgren, Morris & Engelberg names next MP

Accounting Today

Armanino elevates 16 to partnership; Blue & Co. appoints next CIO; and more news from across the profession.

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A Book a Month: The Top 12 CEO Books for Executives to Read in 2024

GrowthForceBlog

7 min read With all of our modern technology, the written word remains the best source of learning and information. Reading is an excellent way to learn new skills, challenge your brain to think in new ways, see from new perspectives, and relax. Reading can also reduce stress by up to 68%! As every business leader knows stress management is essential to surviving and thriving in the role of CEO.

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Fall In Love With the Month-End Close

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.

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Finding Top Talent To Best Serve Your Clients | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 11 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Scaling And Adapting Business Strategies Amid Cost Of Living Crisis

Randal DeHart

When you're ready to take your construction business to the next level, you might start thinking about "scaling." No, it's not just a fancy term for growth; it's about doing more with less. Scaling is about increasing your revenue without proportionately increasing your resources—fancy yet practical, right? It's like sending an email: your effort is the same whether you send it to 100 people or 100,000.

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Bill would require IRS returns to have scannable bar code

Accounting Today

A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency.

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Which One of You Was This?

Going Concern

Spotted on the former bird app yesterday: A woman agreed to work for our firm. Did all the paperwork. Came in for first day of training. Took a break to “move her car.” Never came back. It’s become legend and a thing to tease the one guy she met with. She called this week asking for a second chance. What would you do? Second chance?

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Nonprofit accounting resolutions for a more efficient 2024

Accounting Today

As nonprofits work to combat the accounting and staff shortage, finding ways to increase efficiency is a top focus.

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Reconciled Continues to Lead Innovation in Advisory Services

Insightful Accountant

Beyond bookkeeping, Reconciled's success story is a testament to its transformative journey into comprehensive advisory services, driven by the strategic integration of Clockwork AI.

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Scaling And Adapting Business Strategies Amid The Cost Of Living Crisis

Randal DeHart

When you're ready to take your construction business to the next level, you might start thinking about "scaling." No, it's not just a fancy term for growth; it's about doing more with less. Scaling is about increasing your revenue without proportionately increasing your resources—fancy yet practical, right? It's like sending an email: your effort is the same whether you send it to 100 people or 100,000.

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HubSync Revolutionizes the R&D Tax Credit Process for CPA Firms

Insightful Accountant

HubSync Launches New Research and Development Tax Credit Product

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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Why Won't My Team Just Accept Change?! (Part 2)

Canopy Accounting

Without change, businesses stagnate, profitability suffers, and efficiency wanes. How do you get your firm to get comfortable with change?

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Free IRS webinar on Jan. 30: Navigating Automated Collection Notices and Penalty Relief Restart

Insightful Accountant

The Internal Revenue Service will hold a free webinar, designed primarily for tax professionals whose clients were affected by the delayed notices during the COVID pandemic.

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Aprio Promotes 11 to Partner

CPA Practice

Top 30 accounting firm Aprio unveiled its newest partner class for 2024 on Jan. 24, which includes nine men and two women. “These new partners represent a part of the next generation of leadership at Aprio, embodying the values that have defined our firm for decades. Their commitment to excellence, combined with their diverse skills and experiences, will contribute to the continued success of our clients and the growth of our firm,” Aprio CEO and Managing Partner Richard Kopelman said in a state

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Charles McKissick on Strategic Outsourcing for Business Growth and Exit Planning

Insightful Accountant

Gary and Charles discuss how outsourcing can help firms grow, and scale up during busy times and how it can be an effective part of an exit strategy for firm owners.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Capitalise.com & the Federation of Small Businesses (FSB) announce an exciting partnership to support UK small businesses with a new FSB Funding Platform

Accounting Insight

Capitalise.com, whose mission is to help small businesses improve their financial health, is proud to announce its partnership with FSB, a leading voice for small business owners across the UK. This collaboration is set to bring a new era of financial empowerment and growth for small and medium-sized enterprises (SMEs). Simplifying Financial Access for SMEs Capitalise is dedicated to transforming the landscape of business finance for FSB members.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

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.

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Yellen: Biden would extend some Trump tax cuts

Accounting Today

Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.

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House Speaker must choose business or politics in $78B bill

Accounting Today

A growing divide is emerging between Republicans and the business interests the GOP once unflinchingly championed.

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Profit in the Details: Rethinking Spend for Monumental Impact

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