Accounting Insight

JUNE 3, 2024

Accountants are often juggling multiple responsibilities when working with clients. For those working in-house, in finance teams or departments, it might well be that payroll has simply fallen within their remit, and so accountants who are less familiar with the nuances of payroll find themselves tasked with completing this very important task. While there’s no doubt that accountants are experts in finance, payroll can pose new challenges.

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MyIRSRelief

JUNE 3, 2024

Tax Audit Representation Learn how to navigate tax audits with confidence. Our step-by-step guide highlights the benefits of working with an Enrolled Agent for expert representation. Facing a tax audit can be a daunting experience, but with the right representation, you can navigate the process with confidence. In this comprehensive guide, we’ll walk you through the essential steps of tax audit representation, highlighting the benefits of working with an Enrolled Agent (EA).

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Accounting Today

JUNE 3, 2024

The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.

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CPA Practice

JUNE 3, 2024

Accounting, financial and tax professionals continue to face challenges related to talent, data security, regulations, and rapid changes in technology and firm culture. As the annual AICPA ENGAGE conference was set to convene in Las Vegas, dozens of firm leaders, educators, consultants and advisors to the profession met on Sunday, June 2, 2024, for a day-long pre-conference Thought Leader Think Tank to discuss these and other issues.

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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.

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Accounting Today

JUNE 3, 2024

Where are residents the most giving? Check out this ranking, which tracks the states with the most charitable donations, as well as volunteering and service.

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Tax 133

CPA Practice

JUNE 3, 2024

AICPA ENGAGE, the largest annual conference hosted by the American Institute of Certified Public Accountants, kicked off on Monday morning with an introduction by AICPA board members, and a brief address by Barry Melancon, CPA, who has led the organization for 30 years as CEO and president. During his tenure, he oversaw and directed many of the major initiatives the AICPA has accomplished, including the digitization of the CPA Exam, and merging the AICPA and CIMA.

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CPA Practice

JUNE 3, 2024

Ledgible has made available new functionality for specific identification tax calculations, the crypto tax and accounting platform said on May 29. Ledgible’s specific identification support enables users to identify and mark digital assets of noted sales to calculate tax based on the designated tax lots. Using specific identification, Ledgible users can optimize tax calculations tailored to their specific needs, the company said.

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Accounting Today

JUNE 3, 2024

Test your accounting knowledge on Gen Z employees, big four AI partnerships, and more. No. 2 pencil not required!

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Withum

JUNE 3, 2024

In this episode of Civic Warriors, we speak with Rob Zochowski, President and CEO of International Foundation for Valuing Impacts (IFVI) on the importance of impact accounting.

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Accounting Today

JUNE 3, 2024

Stacie Kwaiser is setting the direction of the Top 100 Firm based on her own vision — and the collective ideas of the firm

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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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Canopy Accounting

JUNE 3, 2024

We were thrilled to see your excitement and participation. Despite several people responding to your questions in real-time, so many still came in. Thank you for your curiosity and requests. Our shared roadmap is incomplete but focused on our most prominent features that have been fully committed to and prioritized.

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Accounting Today

JUNE 3, 2024

Agency veteran Fumino Tamaki and her staff will work with other IRS units to apply customer service best practices.

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Tax 118

Anders CPA

JUNE 3, 2024

Anders partners with Aiwyn for invoicing and payments. Anders clients can securely pay invoices via credit or ACH transfer through Aiwyn by logging in through the button below. Need help paying online? Visit our Client Center for payment how to’s and an Aiwyn video tutorial. LOGIN TO PAY ONLINE The post How to Pay Your Bill Online appeared first on Anders CPA.

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Accounting Today

JUNE 3, 2024

CPAs do very good jobs helping clients build wealth, but many do not do so good with themselves. Here are some tips to help you grow your wealth.

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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.

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ThomsonReuters

JUNE 3, 2024

Managing tax compliance is challenging enough with changing global regulations and tight staff limitations. Combine those challenges with manual data entry and disparate systems, and it becomes an inefficient quagmire of time-consuming, tedious tasks. The problem with ad hoc tax compliance workflows Companies are trying to address these challenges with technology, but too often, they’re not creating the desired efficiencies.

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Accounting Today

JUNE 3, 2024

The software maker's shares soared by the most in more than a year after the company reassigned its chief financial officer, resolving an internal accounting investigation that delayed filings for weeks.

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Withum

JUNE 3, 2024

In the vast and intricate tapestry of Earth’s dynamic ecosystems, natural disasters emerge as awe-inspiring yet devastating phenomena that have changed how we approach our day-to-day lives and manage our property. In recent years, there seems to have been an uptick in the frequency and devastation from the earth-shattering tremors of earthquakes, the emptiness left behind by fires and flooding, and the majestic fury of hurricanes and tornadoes, to name a few.

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Accounting Today

JUNE 3, 2024

The global accounting network will have a combined $5 billion in revenue, 40,000 employees and nearly 1,800 partners in 103 different countries.

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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

Dent Moses

JUNE 3, 2024

The meals and entertainment deduction has gone through several revisions in recent years. Before 2018, meals and entertainment were eligible for a 50% tax deduction. Beginning with the 2018 tax year, the Tax Cuts and Jobs Act eliminated the deduction for entertainment expenses altogether, while most meals remained 50% deductible. In 2021 and 2022, the Consolidated Appropriations Act temporarily gave taxpayers a 100% deduction for certain meals in an effort to support restaurants impacted by COV

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Accounting Today

JUNE 3, 2024

Laura Sprouse, the new CEO of Top 100 Firm Brown Edwards, shares her path to leadership, and where she's taking her firm in the future.

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CPA Practice

JUNE 3, 2024

Top 200 accounting firm Hancock Askew & Co. hit a milestone on May 31, as it admitted nine professionals to the partnership—the biggest new partner class in the Savannah, GA-based firm’s 114-year history. Hancock Askew has experienced significant growth, increasing from $20 million in revenue, four offices, and about 140 team members in 2020 to $60 million in revenue, seven offices, and 300 professionals in 2024.

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Accounting Today

JUNE 3, 2024

Former Baker Tilly member firms in Mexico joined CliftonLarsonAllen Global to create CLA Mexico; Marcum Technology acquired CLA's IT Enhanced Managed Services Division; Doeren Mayhew acquired Nearman, Maynard, Vallez CPAs; and Rea & Associates merged in Koontz & Parkin, CPAs.

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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.

CPA Practice

JUNE 3, 2024

Top 100 accounting firm Rea & Associates has merged in Sarasota, FL-based CPA firm Koontz & Parkin, effective June 1. Financial terms of the deal weren’t disclosed. Koontz & Parkin and Rea & Associates will be one firm under the Rea name, continuing to operate out of the Koontz & Parkin office in Sarasota, in addition to Rea’s Ohio offices.

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FraudFiles

JUNE 3, 2024

In this one minute video, Tracy explains how Ponzi schemes work. They are also called pyramid schemes because the constant recruitment of new "investors" creates the shape of a pyramid, with many new investors required at the bottom of the pyramid to pay "returns" to the earlier investors. The hallmarks of a Ponzi scheme include: [.

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CPA Practice

JUNE 3, 2024

Business planning software provider Vena recently introduced Vena for Microsoft PowerPoint, a native integration with Microsoft 365 that enables strategic finance and operations teams to provide insightful financial presentations. Vena for Microsoft PowerPoint combines Vena’s reporting and analytics capabilities with the advanced productivity and collaboration features of Microsoft 365 and Microsoft PowerPoint’s familiar interface to help finance teams build presentations that turn data into imp

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Accounting Insight

JUNE 3, 2024

John is Tech Advisory Lead at Beever & Struthers, Chartered Accountants and Business Advisors and also hosts the UK’s fastest-growing accounting tech podcast. How did you get into the profession? I kind of fell into accounting. I was expecting to pursue a career in sports science but gave up on going to university after working for PGL and other outdoor companies for 3 years.

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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.

CPA Practice

JUNE 3, 2024

Marcum Technology, a division of top 15 accounting firm Marcum that provides technology solutions and services, said Monday it had acquired the IT Enhanced Managed Services division of top 10 accounting firm CLA (CliftonLarsonAllen). Financial terms of the deal weren’t disclosed. As of June 1, former CLA team members, led by Tim McFarland, vice president of managed IT services, joined Marcum Technology.

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Anders CPA

JUNE 3, 2024

Most law firms get started because the founding partners have a different idea of how they wanted to practice. Maybe they’re escaping the grind of Big Law, or maybe they have a vision of the kind of legacy they want to leave through their practice. It’s rarely because someone is excited about running the day-to-day operations. In the early days of a business, a successful firm handles the basics with no problem: Find a space, hire a few staff and a bookkeeper, secure insurance and benefits, purc

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CPA Practice

JUNE 3, 2024

The new global accounting network Forvis Mazars became official on June 1, after the two firms agreed to a partnership last November. The two firms will have combined revenues of approximately $5 billion, making Forvis Mazars a top 10 global network of accounting firms along with the likes of the Big Four (Deloitte, PwC, EY, and KPMG), BDO, Grant Thornton, RSM, and Crowe.

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Accounting Today

JUNE 3, 2024

The Washington, D.C., attorney general's office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than $25 million in income taxes.

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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.