Mon.Jun 03, 2024

article thumbnail

Are you managing payroll and remaining compliant?

Accounting Insight

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.

payroll 52
article thumbnail

Accounting Today news quiz: June 3

Accounting Today

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

Account 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tax Audit Representation: A Step-by-Step Guide

MyIRSRelief

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).

audit 130
article thumbnail

The 20 most charitable states in America

Accounting Today

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.

Tax 133
article thumbnail

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.

article thumbnail

2024 Accounting Thought Leader Think Tank Focused on Challenges Facing Profession

CPA Practice

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.

CPA 81
article thumbnail

2 methods to avoid capital gains in a home sale

Accounting Today

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.

Sales 126

More Trending

article thumbnail

GASB finds pension standards met objectives

Accounting Today

The Governmental Accounting Standards Board released a post-implementation review report on its pension standards and found they mostly accomplished their goals.

article thumbnail

Ledgible Rolls Out SpecID Feature for Digital Asset Tax Reporting

CPA Practice

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.

Tax 59
article thumbnail

Practice Profile: Rehmann assembles a team to take on the future

Accounting Today

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

122
122
article thumbnail

Canopy Roadmap Webinar Q&A

Canopy Accounting

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.

52
article thumbnail

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.

article thumbnail

New chief taxpayer experience officer named at IRS

Accounting Today

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

Tax 118
article thumbnail

How to Pay Your Bill Online

Anders CPA

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.

CPA 52
article thumbnail

Art of Accounting: Building wealth

Accounting Today

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.

cpas 97
article thumbnail

ShareFile Introduces New Accounting Functionalities

Insightful Accountant

ShareFile recently introduced several new features tailored to the evolving needs of accounting professionals.

Account 52
article thumbnail

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.

article thumbnail

Forvis and Mazars combine on global network

Accounting Today

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

article thumbnail

QuickBooks Recertification Training For June, 2024

Insightful Accountant

It's time for most QuickBooks Online ProAdvisors ('Core' or 'Advanced') to Recertify. June 30, 2024 is the deadline for Recertification Exam completion.

article thumbnail

Taking her firm forward

Accounting Today

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.

72
article thumbnail

Importance of Impact Accounting With IFVI

Withum

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.

Account 52
article thumbnail

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.

article thumbnail

Autodesk CFO replaced by board after accounting investigation

Accounting Today

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.

Account 72
article thumbnail

Integrating tax technology for success: Thomson Reuters ONESOURCE solutions certified as SAP Endorsed Apps

ThomsonReuters

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.

article thumbnail

Boomer's Blueprint: With AI, it's not the tool that determines your success

Accounting Today

Making the most of artificial intelligence requires leadership, project management and process management.

65
article thumbnail

Natural Disasters and Their Impacts on Resorts: Strategic and Insurance Accounting Considerations

Withum

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.

Account 52
article thumbnail

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.

article thumbnail

M&A roundup: CLA, Marcum, Doeren Mayhew, Rea expand

Accounting Today

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.

cpas 64
article thumbnail

2024 Tax Deduction for Meals and Entertainment

Dent Moses

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

article thumbnail

MicroStrategy and its co-founder Saylor will pay $40M to settle DC tax fraud lawsuit

Accounting Today

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.

article thumbnail

Hancock Askew Adds Nine New Partners

CPA Practice

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.

Georgia 52
article thumbnail

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

article thumbnail

One Minute Primer on Ponzi Schemes

FraudFiles

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: [.

52
article thumbnail

Rea & Associates Merges in Koontz & Parkin in Florida

CPA Practice

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.

Florida 52
article thumbnail

3 Minutes with John Toon

Accounting Insight

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.

Sports 52
article thumbnail

Vena Integrates Microsoft PowerPoint Into Platform

CPA Practice

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

Finance 52
article thumbnail

Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.