CPA Practice
FEBRUARY 8, 2024
By Debadrita Sur, The Buffalo News, NY (TNS) A Cheektowaga, NY, man was sentenced last week to five years of probation for embezzling funds from a fitness center in Amherst, Erie County District Attorney John J. Flynn said. Michael F. Ickowski Jr., 36, stole $78,615.58 between Dec. 6, 2022, and June 11, 2023, from the Amherst Fitness Center where he worked as an accountant.
TaxConnex
FEBRUARY 8, 2024
Sales tax compliance depends on many factors. One of the most important – and the most incessantly changing – is the tax rates that America’s thousands of jurisdictions impose. These rates change all the time – if not the actual percentage, then the exemptions and other special rules that can seem nothing short of picayune for a business just trying to stay on the right side of sales tax laws.
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Accounting Today
FEBRUARY 8, 2024
The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer's Electronic Filing Identification Number.
CPA Practice
FEBRUARY 8, 2024
Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. This is according to the 2024 U.S. Accounting Industry Report, commissioned by Wolters Kluwer, which polled 1,776 tax and accounting firms of all sizes, also shows that modern accounting practices face a mix of internal and client facing challenges.
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.
Accounting Today
FEBRUARY 8, 2024
The Lady in fed; an education in fraud; dependent-happy; and other highlights of recent tax cases.
CPA Practice
FEBRUARY 8, 2024
State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities in state CPA societies across the U.S. The Iowa Society of CPAs (ISCPA) was founded in 1915 and currently has more than 4,000 active members, making it the largest professional membership organization in Iowa. Current Members: 4,000 Founded: 1915 Headquarters: West Des Moines, IA CEO: Dawn P.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 8, 2024
By Mike Fouts The accounting profession is at a crucial moment in which there’s massive potential to enhance productivity, elevate client experiences, and prevent burnout. As financial first responders, accountants often find themselves under immense pressure that is only amplified by the busy tax season. To alleviate accountants’ tedious—but essential—tasks, firms must adopt automation technology, an increasingly essential resource in the profession.
Summit CPA
FEBRUARY 8, 2024
Virtual CPA Success Show Podcast Episode 109 Jody and Joey welcome Simon Severino, CEO of Strategy Sprints , to discuss how agencies can create a culture of opportunity that gets every member involved. When financial times are tight, and spending is scrutinized, agencies need to ensure clients are invested starting from the first call – and for years to come.
Going Concern
FEBRUARY 8, 2024
Neighbors! Announced earlier this week, CliftonLarsonAllen has signed a 16-year lease for training space at the Viking Lakes Campus in Eagan, Minnesota just 20 minutes outside of Minneapolis. The new “connection center” is expected to open next year. CLA, which has more than 130 offices across the country, including the US Bank Building in downtown Minneapolis, intends to use the space at Viking Lakes Campus for a connection center.
Withum
FEBRUARY 8, 2024
The Securities and Exchange Commission (SEC) has decided to increase its oversight of firms that trade U.S. Treasuries frequently, such as hedge funds and high-speed traders. These firms will now have to register as dealers with the SEC, which means they will face more rules and scrutiny. The SEC says this move will help them monitor the Treasuries market better, as these firms account for a large share of the trading volume.
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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.
CPA Practice
FEBRUARY 8, 2024
Money may not be able to buy you love, but Americans really do like to spend it on their loved ones for Valentine’s Day. Spending on the annual lover’s day is expected to reach a record $14.2 billion in 2024, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. “Retailers are ready to help customers this Valentine’s Day with meaningful and memorable gifts,” NRF President and CEO Matthew Shay said.
Patriot Software
FEBRUARY 8, 2024
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
Insightful Accountant
FEBRUARY 8, 2024
Starting this month, the Tax Tab in QuickBooks Online customer files, including your own subscription clients, is asking about their 'tax preparation' method.
Accounting Today
FEBRUARY 8, 2024
CBIZ acquires Erickson, Brown & Kloster; Bowers merges in Kasperski Dinan & Rink; Hiline acquires Calculate; and Kruggel Lawton plans to add Cole Gavlas.
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.
Insightful Accountant
FEBRUARY 8, 2024
In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions in Fact Sheet.
Accounting Today
FEBRUARY 8, 2024
The smallest accounting firms are anticipated to be the biggest spenders in technology over the coming years, according to a recent survey from Caseware.
Insightful Accountant
FEBRUARY 8, 2024
We sat down with Jessica to get her thoughts on being the 2023 CAS/BPO ProAdvisor Award Winner, her journey, her path to success, and how she delivers 5-star service to her clients.
Ryan Lazanis
FEBRUARY 8, 2024
Accountant soft skills are an often overlooked component of building a successful firm and career. Learn where to start in this article. The post The 9 Best Accountant Soft Skills to Master appeared first on Future Firm.
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.
Accounting Today
FEBRUARY 8, 2024
Intuit QuickBooks has introduced split billing for 1099s, which allows e-filing costs for 1099s to be split between accountants and their clients.
CPA Practice
FEBRUARY 8, 2024
The IRS and the agency’s Security Summit partners alerted tax professionals on Thursday of a scam email impersonating various software companies in an attempt to steal electronic filing identification numbers (EFINs). The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns.
ThomsonReuters
FEBRUARY 8, 2024
Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Staying up to date with GAAP standards Running an efficient and successful business isn’t easy. Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions.
Accounting Today
FEBRUARY 8, 2024
Firms can capitalize on AI to increase tax revenue growth.
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.
AccountingDepartment
FEBRUARY 8, 2024
Have you or your clients outgrown Quickbooks or a related solution? Need to streamline the process of handling operations? Stuck in an old system that is slowing down growth? Then this session is for you. Join Jennie Hoffman of AccountingDepartment.com and Chrissy Allard of goVirtualOffice as they take you through the signs that you have outgrown your current systems and tell the stories of businesses that have harnessed the power of an ERP.
SkagitCountyTaxServices
FEBRUARY 8, 2024
This weekend we got a chance to see what’s trending in the world of music via the 66th Annual Grammy Awards. But something that wasn’t talked about on stage was the struggles of the music industry right now. A lot of artists are facing difficulties with promoting their music online thanks to Universal’s battle with TikTok. And many music giants, including Universal and Spotify, are issuing layoffs across the board.
Accounting Today
FEBRUARY 8, 2024
Revenue reached $5.2 billion for the fiscal year ended Dec. 31, 2023.
CPA Practice
FEBRUARY 8, 2024
Cleveland-based top 15 accounting firm CBIZ acquired Erickson, Brown & Kloster, a full-service tax, accounting, and business consulting firm located in Colorado Springs, on Feb. 1. Financial terms of the deal weren’t disclosed. Concurrent with this transaction, Mayer Hoffman McCann (MHM), the auditing arm of CBIZ, gained the attest assets of EBK.
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
Accounting Today
FEBRUARY 8, 2024
The IRS is pushing back tax filing and payment deadlines for those affected by storms, landslides and mudslides last August.
Withum
FEBRUARY 8, 2024
The fitness and wellness industry is a broad and diverse sector that encompasses various products, services and activities that aim to improve the physical, mental and emotional health of consumers. In 2023, the industry faced many challenges and opportunities as it adapted to the changing needs and preferences of consumers in the wake of the Covid-19 pandemic.
Accounting Today
FEBRUARY 8, 2024
The Internal Revenue Service's Direct File free tax system has passed a key hurdle in the pilot test, passing muster with a dozen IRS employees successfully filing returns in as many states.
CPA Practice
FEBRUARY 8, 2024
By Jeff McDonald, The San Diego Union-Tribune (TNS) A longtime accountant for the San Diego City Treasurer’s Office who says she was fired after refusing to sign off on findings her bosses changed has agreed to accept hundreds of thousands of dollars from taxpayers to settle her lawsuit. Christine Boulton-Hunyady spent 27 years with the city of San Diego, during which she says she was promoted multiple times and discovered millions of dollars in uncollected revenue.
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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.
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