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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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.
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?
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.
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.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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.
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.
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.
Advertisement
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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.
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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: 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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
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.
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.
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
The American Institute of CPAs has requested guidance from the the U.S. Department of the Treasury and Internal Revenue Service regarding international information reporting for domestic grantor trusts. AICPA’s recommendations focus on simplifying filing for taxpayers and practitioners and reducing the administrative burden on the IRS. AICPA highlights the need for Treasury and IRS to issue a Notice or Revenue Procedure to resolve uncertainty regarding the obligation of domestic grantor trusts t
Advertisement
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.
Expert insights. Personalized for you.
52 
Let's personalize your content