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Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors and tax authorities require stay updated and accurate. While a month-end close delivers a number of benefits, it comes with one big drawback: the effort required to complete it.
CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. Up to five additional products are also selected by the committee as award finalists.
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By Augusta Saraiva Bloomberg News (TNS) A technical glitch prevented the U.S. government from sharing key payroll data on time last week, according to a spokesperson for the Labor Department, who acknowledged staff provided the numbers to callers before the release was made public. The episode has prompted steps to beef up data-release protocols at the Bureau of Labor Statistics, the DOL agency responsible for releasing high-profile economic reports such as monthly jobs and inflation figures.
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Since their inception, Roth IRAs have allowed taxpayers to establish accounts either through direct contributions or by converting a traditional IRA into a Roth IRA, a process referred to as a Roth conversion. Initially, these options were unavailable to higher-income individuals, as eligibility for direct contributions and conversions was limited by a taxpayer’s modified adjusted gross income (MAGI).
Since their inception, Roth IRAs have allowed taxpayers to establish accounts either through direct contributions or by converting a traditional IRA into a Roth IRA, a process referred to as a Roth conversion. Initially, these options were unavailable to higher-income individuals, as eligibility for direct contributions and conversions was limited by a taxpayer’s modified adjusted gross income (MAGI).
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IRS Advance Notice 2024 CPA Practice Advisor Innovation Award Winner [link] Advance Notice (IAN), a revolutionary feature of IRS Solutions Software, is redefining the landscape of tax management. This groundbreaking tool addresses a critical industry need by providing accountants with unprecedented early insights into IRS actions, often weeks before official client notifications.
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In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss how to choose the right Enterprise Resource Planning (ERP) system that fits your company’s unique needs. Host Eric Poppe , a Managing Director in the Government Contracting Industry practice, is joined by Christine DeYuliis , a Senior Manager. Tune in to learn more about steps your business can take to find the right ERP, including: Conducting an initial discussion with stakeholders Defining and documenting current
Top 20 accounting firm CohnReznick has launched a digital forensic lab facility outside of Washington, D.C., as part of its expanding cybersecurity and incident response capabilities. The digital forensics lab will serve as the nerve center for a variety of incident response solutions to help businesses identify the nature and extent of a cyber incident, collect and preserve digital evidence, and put steps in place to safeguard against future cyberattacks and breaches.
For the fifth time, top 10 accounting firm CLA (CliftonLarsonAllen) has been ranked as the No. 1 accounting firm catering to businesses in the construction industry by the trade magazine Construction Executive. “CLA has worked hard to know and help our clients in the construction industry. It’s such an honor to be recognized again,” Tom Dearnley, managing principal of construction industry at CLA,” said in a statement.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Education at Work , a national work-based learning non-profit, in collaboration with Intuit Inc. , the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , have announced a new pilot program to help college students gain valuable industry experience in tax, accounting, and financial services while earning money to offset college expenses.
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