AccountingDepartment

APRIL 22, 2024

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight. Poor cash flow management could capsize even the most promising ventures, while a firm grasp on financial inflows and outflows can propel your e-commerce business forward, ens

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E-commerce Retail accountant accounted 76

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. In Corona, CA, part of the Inland Empire, taxpayers and businesses often seek clarity on resolving these issues effectively. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. 1. What is Audit Representation and How Can It Help Me in Corona, CA?

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CPA Practice

APRIL 22, 2024

By Chris Stephenson and Eric Hylton. The race to integrate Artificial Intelligence into the workflow of Certified Public Accountants is no longer a futuristic concept, but a current reality. Large accounting firms have made substantial strides in using AI to augment their services and deliver high quality outcomes. Yet, for many CPA firms, particularly small to mid-sized organizations, the current pace of technological advancement can seem dauting.

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cpas Technology cpa firm CPA 124

Going Concern

APRIL 22, 2024

Ed. note: By “salty” I mean in the experienced sailor/pirate way, not the modern definition of someone who’s just mad because they suck. Industry OG and commentator Gene Marks has written an opinion piece for The Hill about what audits actually are that is less opinion and more brutal fact: Why you should be very skeptical of that auditor’s report.

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audit auditor financial statements Education 120

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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CPA Practice

APRIL 22, 2024

By Melissa Angell, Inc. (TNS) The IRS is cautioning taxpayers to be aware of its so-called “Dirty Dozen” list. Each year, the IRS puts out a list that compiles prevalent schemes against taxpayers. The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long. Taxpayers should take note, given the uptick in problems seen in recent years: The IRS received 294,138 cases of tax-related identity theft during fiscal year 2023, up from the 92,631 cases s

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Tax tax return online accounting payroll 121

Accounting Today

APRIL 22, 2024

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

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Tax 124

Cherry Bekaert

APRIL 22, 2024

New OMB Guidance for Federal Assistance (formerly known as the OMB Guidance for Grants and Agreements) was released on April 12, 2024. Still in pre-publication form, however, the effective date of the new rule is expected to take effect on October 1, 2024. As part of the process, OMB welcomed more than 829 public comments from a various stakeholders, including States, local governments, Indian Tribes, labor organizations, industry associations, nonprofit organizations, for-profit organizations,

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Government audit 105

CPA Practice

APRIL 22, 2024

By Leada Gore, al.com (TNS) Most people would snap up a job with pay of $100,000 a year. But bringing that amount home will require good deal more income, according to a recent analysis. GoBankingRates.com looked at how much you need to earn in each state to actually bring home $100,000 a year. The analysis accounts for average federal income taxes and withholdings for Social Security and Medicare, as well as state and local taxes.

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Cherry Bekaert

APRIL 22, 2024

Contributors: Nick Cousino , Senior Manager | State Credits & Incentives Advisory What Are State Credits and Incentives? Throughout the U.S., individual states offer unique tax credits and negotiated incentives to attract or retain business operations. Currently, there are more than 2,400 state and local incentive programs available. There are a variety of ways these tax credits and incentives can be utilized to benefit companies: Tax credits for dollar-for-dollar reductions to a company’s o

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CPA Practice

APRIL 22, 2024

By Paul Liotta, Staten Island Advance, N.Y. (TNS) The Social Security Administration typically releases annual cost-of-living adjustments (COLA) in mid-October, but one organization says it will likely be lower in 2025 than years past. The Senior Citizens League, a nonpartisan senior citizens group, released a 2025 COLA estimate of 2.6% April 10. If the estimate holds, that number was lower than the two previous years when the Social Security COLA brought the total benefit up 8.7% in 2023 and 3.

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Government 111

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.

Account

Insightful Accountant

APRIL 22, 2024

Intuit will unpack the latest updates to its QuickBooks Live strategy to prioritize its assisted, do-it-with-me service, taking place on Wednesday, April 24th.

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quickbooks 105

Cherry Bekaert

APRIL 22, 2024

What Are State Credits and Incentives? State governments offer state credits and incentive programs to advance economic growth and investments in their state. These tax credits allow businesses to lessen their tax obligations, improve cash flow, and make investments for growth to foster long-term success. Missed Opportunities Taking advantage of state tax credits and incentives is an opportunity many businesses miss due to the lack of knowledge about what makes an organization eligible to receiv

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Real Estate Tax Maine audit 98

CPA Practice

APRIL 22, 2024

The AICPA & CIMA have released their “Redefining Finance for a Sustainable World ” white paper, the latest iteration of their Future of Finance research program. Originally launched in 2019 as the Re-inventing finance for a digital world white paper, this extensive global research program explores the future of the accounting and finance profession in the age of disruption and its broader ecosystem, defining essential skills, competencies, and knowledge needed to succeed in an ever-changing

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Finance accounting and finance Technology CPA 84

Anders CPA

APRIL 22, 2024

Thursday, June 27 The post Counting on Your Future: Exploring the World of Accounting and Advisory appeared first on Anders CPA.

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accountant Account accounted CPA 98

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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.

financial statements

Accounting Today

APRIL 22, 2024

Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws around the world as the pace of climate change accelerates.

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audit auditor accountant accounted 81

CPA Practice

APRIL 22, 2024

The 10 accounting firms that had the most public company audit clients in 2023 are the same 10 firms atop the table in auditor market share so far in 2024, with EY leading the way as of Jan. 30. According to a recent study from Ideagen Audit Analytics , EY audits 971 public companies registered with the Securities and Exchange Commission (SEC), with a total market share of 14.7%.

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Accounting Today

APRIL 22, 2024

Consultant Geraldine Carter explains why it's not the hours you work that matter, but what you and your clients get out of them.

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VJM Global

APRIL 22, 2024

Held by Hon’ble High Court of Telangana In the case of M/s Rays Power Infra Private Limited Vs Superintendent of Central Tax (Writ Petition No. 298 of 2024) The petitioner is engaged in the business of generation of electricity through solar plants. The GST returns filed by the petitioner for the period of July, 2017 to March, 2019 were subject to audit.

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Tax audit Legal Account 52

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

Insightful Accountant

APRIL 22, 2024

The IRS released its 2024 "Dirty Dozen" list of top tax scams, cautioning taxpayers and preparers. Clients may face ERTC credit claim scams. Stay alert to protect against fraudulent claims.

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Tax 52

VJM Global

APRIL 22, 2024

Held by Hon’ble High Court of Telangana In the case of M/s Rays Power Infra Private Limited Vs Superintendent of Central Tax (Writ Petition No. 298 of 2024) The petitioner is engaged in the business of generation of electricity through solar plants. The GST returns filed by the petitioner for the period of July, 2017 to March, 2019 were subject to audit.

Tax 52

Tax audit Legal Account 52

Withum

APRIL 22, 2024

In December 2023, New York Governor Kathy Hochul announced proposed cybersecurity regulations for New York hospitals. These new regulations are extremely comprehensive and exceed the security requirements currently found in other Federal and state laws. Once these proposed regulations are published in final form, it is anticipated that hospitals will have only one year to make wholesale changes to their IT systems.

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Hospitality Healthcare New York Legal 52

CPA Practice

APRIL 22, 2024

Tax Blotter 042224 Under the trust fund recovery penalty (TFRP), a “responsible person” may be held personally liable for the full amount of an employer’s unpaid employment taxes. This issue is often contested in the courts. Not my job. The job of a manager in an auto repair shop mainly consisted of running errands for the owner and doing other odds and ends.

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payroll payroll tax Tax Pennsylvania 52

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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

APRIL 22, 2024

In the Fall of 2023, the Consumer Financial Protection Bureau (“CFPB”) proposed a new rule related to Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protect Act (“Dodd-Frank Act”). As the comment period on the proposal concluded at the turn of the new year, we felt it was the right time to re-visit this proposal and how it impacts consumers, businesses and the FinTech industry overall.

Legal 52

Legal CPA accountant Account 52

CPA Practice

APRIL 22, 2024

As summer approaches, it’s time to adjust your marketing strategies to not only remain competitive but also to capitalize on the unique opportunities that the season offers. The slower pace of summer offers a prime opportunity to engage with current clients in more relaxed settings and attract new clients who are preparing for the end-of-year financial rush. 5 Key Marketing Initiatives Here are five marketing initiatives that can help your firm stand out during the summer months. 1.

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accounting firms accountant Account accounted 52

Anders CPA

APRIL 22, 2024

As a service-based profession, law firms have to keep a careful eye on their production metrics: That means understanding how busy their people are but also how efficient. Under the umbrella of production metrics, we have several Key Performance Indicators that partners can use to gauge the success of their firm at any point in time. But we refer to them as ‘levers,’ because we want to empower firm owners to think about the ways they can ‘pull’ these non-financial metrics to boost their profitab

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Non-Profits Legal Maine CPA 52

Accounting Today

APRIL 22, 2024

Tax season is the best time of the year for memorable on-the-job experiences.

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accountant Account accounted Tax 80

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.

Dent Moses

APRIL 22, 2024

We’re past the April 15th deadline, which means many of you just paid balances due and first-quarter estimates. If you are still writing checks to make tax payments, there is a much better (and safer) alternative. Both the IRS and the State of Alabama have excellent platforms for making payments electronically via bank draft. A process to verify your identity requires access to a previous tax return.

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Alabama Tax tax return accountant 40

Accounting Today

APRIL 22, 2024

BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.

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Tax corporation tax 58

Going Concern

APRIL 22, 2024

Hey. I trust everyone had a nice weekend. I shall dispense with the filler small talk and get right to the news. Sunday Times did a whole big piece on how EY’s failed break-up caused a year of resentment : After five tumultuous years as the global head of EY, Carmine Di Sibio is finally having some fun. Last week, the retiring Italian-born American jetted off to the firm’s towering Tokyo offices as part of his farewell tour.

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auditor accountant Account accounted 105