Accounting Today

MARCH 11, 2024

The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly if the bill is passed.

Tax 138

Tax 138

Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. We’re here to rehash what happened seven years ago because this website specializes in the beating of dead horses and reminding Big 4 accounting firms of the dumb things they’ve done over the years.

Start-ups 124

Start-ups public accounting Gaming accounted 124

Accounting Today

MARCH 11, 2024

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

accounting firms 128

accounting firms Account accountant accounted 128

CPA Practice

MARCH 11, 2024

By Dave Eisenstadter, masslive.com (TNS) Did you end up unexpectedly owing money on your taxes this year? Statistics from the IRS ending on March 1 indicate you’re not alone. Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, IRS records show. By March 3, 2023, 42,040,000 refunds had been issued compared with 36,288,000 by March 1 of this year, a difference of 5.75 million or nearly 14%.

Tax 119

Tax income tax tax return 119

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.

Finance

Accounting Today

MARCH 11, 2024

The internal audit function is gaining more people and funding, according to a new survey released Monday during an Institute of Internal Auditors conference in Las Vegas.

audit 119

audit auditor accountant accounted 119

Insightful Accountant

MARCH 11, 2024

A judge ruled the Corporate Transparency Act's ownership reporting unconstitutional for NSBA and its 60,000+ members by March 1, 2024. This may trigger similar cases nationwide, impacting BOI reporting. Practitioners need to plan their response.

116

116

Insightful Accountant

MARCH 11, 2024

The Bonadio Group climbs to 41st on 2024 Accounting Today Top 100 Firms List, named Top Firm in Mid-Atlantic. Revenue grows over 14% post mergers.

accounting firms 105

accounting firms Account accounted accountant 105

Accounting Today

MARCH 11, 2024

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.

Tax 119

Tax Washington tax planning 119

CPA Practice

MARCH 11, 2024

By Poonkulali Thangavelu. Bankrate.com (via TNS) On March 5, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card late payment fees at $8 for the biggest card issuers after inviting public comment on the matter last year. According to the consumer protection agency, the move is an effort to rein in “excessive” credit card late fees.

Legal 103

Legal accounted Account accountant 103

Accounting Today

MARCH 11, 2024

The perception that companies are scaling back their diversity efforts is wrong, according to the AICPA's Crystal Cooke.

119

119

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.

Technology

KROST

MARCH 11, 2024

LOS ANGELES, CA – For the fourth year in a row, the Los Angeles Business Journal has named KROST’s Principal, Keith Hamasaki, CPA, a Leader of Influence: Minority CPA. The recognition is dedicated to the works and accomplishments of knowledgeable and skilled accountants in the Los Angeles area. We are extremely fortunate to be in Read the full article.

CPA 103

CPA accounted Account accountant 103

Withum

MARCH 11, 2024

Intuit recently announced the QuickBooks Desktop discontinuation, halting new subscriptions for several QuickBooks (QB) Desktop products after July 31, 2024. This presents an opportunity for the millions of small businesses currently using QB Desktop to upgrade to another, more modern software solution. What We Know About the QuickBooks Desktop Discontinuation Intuit will no longer sell new subscriptions for some of its products: QB Desktop Pro Plus, QB Desktop Premier Plus, QB Desktop Mac Plus

quickbooks 98

quickbooks NetSuite accounting system accounts payable 98

Canopy Accounting

MARCH 11, 2024

Have questions about accounting practice management software? We cover it all here. Learn what it is, how to use it, and much more!

Account 96

Account accounted accountant 96

CPA Practice

MARCH 11, 2024

The results of The 2024 North American Pulse of Internal Audit Survey , from the Internal Audit Foundation, finds a growing profession, with Chief Audit Executives (CAEs) more than twice as likely to have increased staff (26%) than to have decreased staff (9%). Additionally, after sharp cuts due to the COVID pandemic in 2020 and 2021, significantly more internal audit functions are now increasing their budgets (36%) than are decreasing them (13%), according to the new survey of senior internal a

audit 95

audit auditor CPA Government 95

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.

payroll

Accounting Today

MARCH 11, 2024

The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.

Tax 93

Tax Entertainment Hospitality Finance 93

CPA Practice

MARCH 11, 2024

The American Institute of CPAs has sent a letter to the Internal Revenue Service requesting guidance on section 461(l), also known as the limitation on excess business losses (EBLs) of noncorporate taxpayers, enacted under the Tax Cuts and Jobs Act (TCJA). The letter also provides recommendations to help the IRS deliver practical guidance that would be helpful to both taxpayers and tax practitioners.

cpas 69

cpas Tax 69

Accounting Today

MARCH 11, 2024

A recent podcast included a discussion of time sheets, practice management and the future of the profession.

Account 80

Account accounted accountant 80

Going Concern

MARCH 11, 2024

Hiya! It’s pretty dead out there today. So feel free to review Friday’s Footnotes for a news fix because this one is going to be dry. You can also check out the weekend discussion, this week it was “ Is Everybody Dumb Now? ” Getting right into it… Morale is down at EY UK after a few rounds of layoffs: Staff in EY’s UK deals business have hit out at the company’s management for the way recent job cuts were handled, saying “trust is broken” and that employees feel “de

audit 64

audit Minnesota Account accounted 64

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.

Finance

Accounting Today

MARCH 11, 2024

AuditBoard announced new artificial intelligence, analytics and annotation capabilities.

audit 75

audit Technology 75

Summit CPA

MARCH 11, 2024

Creative Agency Success Show Podcast Episode 118 In this episode of the Creative Agency Success Show, Jamie and Jody welcome Jack Skeels, CEO of Agency Agile and author of Unmanaged. Jack shares his deep expertise in agency management, offering nuggets on how to unmanage your agency and why layer cakes make a healthy organization. They discuss the complexities of marketing agency management within growing service-based agencies.

64

64

Accounting Today

MARCH 11, 2024

The Financial Reporting Council is considering either Canary Wharf or Stratford for its new main office.

Maine 72

Maine Account accounted accountant 72

Withum

MARCH 11, 2024

Accounting Standards Update (“ASU”) 2022-04 Liabilities – Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Programs is effective for fiscal years ending on or after December 15, 2022, which means it is effective beginning with fiscal years ending on December 31, 2023. The purpose of this ASU is to provide information in the form of note disclosures sufficient to enable users of financial statements to understand the nature, activity during the period, changes from pe

Finance 64

Finance accounting and finance financial statements accounting standards 64

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.

CPA

LSLCPAs

MARCH 11, 2024

The month-end close process is a critical aspect of financial management for organizations of all sizes. It involves reconciling key financial accounts, verifying transactions are captured and in the correct account, and preparing monthly financial statements to provide an accurate snapshot of a organization’s financial health throughout the year.

Government 59

Government Finance cpas accounting and finance 59

Cherry Bekaert

MARCH 11, 2024

Contributor: Gabriela Payne, CPA On March 6, 2024, the U.S. Security Exchange Commission (SEC) released final rules on new climate disclosure requirements for public companies. The rules require registrants to provide climate-related information in their registration statements and annual reports. The new climate disclosure rules aim to improve and standardize disclosures about climate issues.

California 59

California financial statements CPA Government 59

Anders CPA

MARCH 11, 2024

Cannabis entrepreneurs face major challenges when it comes to business financing. Even as recreational use becomes more common throughout the United States, funding options for cannabis businesses will face limited funding options until legalization — or at least rescheduling — occurs at the federal level. Why are banking services limited for cannabis-related business?

Finance 59

Finance Real Estate accounting and finance Non-Profits 59

Accounting Today

MARCH 11, 2024

With two fields increasingly working together, wealth management and accounting firms are rolling out tools. Are financial advisors ready to work with the robots?

Tax 58

Tax accounting firms Account accountant 58

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

Spend Management

Withum

MARCH 11, 2024

In this on-demand webinar, learn to navigate the warranty submission process! Already Registered? Click Here View On-Demand Webinar Withum and fellow industry experts, Bass Sox Mercer and The Niello Company participated in a panel event where they discussed the latest trends in warranty reimbursement, tactics of the manufacturer and how dealerships could and should capitalize on warranty rate increases.

Manufacturing 52

Manufacturing 52

VJM Global

MARCH 11, 2024

Held by Hon’ble High Court of Allahabad In the matter of Associated Switch Gears and Projects Ltd. Vs State of U.P. (Writ Tax No. 276 0f 2020 ) The Petitioner received an order for imposition of penalty. Show Cause notice was issued on the ground that the vehicle was traveling to a destination not mentioned in the invoice. However, while issuing the order, the appellate authority has imposed a penalty on a different ground.Hon’ble High Court held that “Show Cause Notice” serves as a vital checkp

Legal 52

Legal Tax 52

Withum

MARCH 11, 2024

This month, as a part of Withum’s mission to instill volunteerism and philanthropy in emerging professionals, winter interns took to their communities to participate in give-back efforts for a variety of organizations. In East Brunswick, New Jersey, a small group of interns and staff members went to the Ronald McDonald House (RMH) to prepare special gluten-free meals for families of children in Robert Wood Johnson University Hospital.

Rhode Island 52

Rhode Island New Jersey Massachusetts Florida 52

Menzies

MARCH 11, 2024

Menzies LLP - A leading chartered accountancy firm. The chancellor failed to address any major areas impacting the sector, which is likely to leave retailers continuing to struggle for the rest of 2024. Whilst the government confirmed in the Autumn statement 2023 that a Business Rates discount of 75% for qualifying retailers would continue into the 2024/25 tax year, we had hoped that the government would switch from using the September 2023 CPI to the April 2024 projected CPI, which could save r

Retail 52

Retail chartered accountant Government accounting firms 52

Advertisement

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.