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.

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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.

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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.

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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%.

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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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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.

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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.

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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.

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Accounting Today

MARCH 11, 2024

Senior leaders from Accounting Today's Top 100 Firms and Regional Leaders share the areas where they see the most potential for the profession.

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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.

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Accounting Today

MARCH 11, 2024

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

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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

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

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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

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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.

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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.

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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.

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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!

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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.

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Xero

MARCH 11, 2024

Over a year ago, we launched an early version of Xero Go to see how a purpose built app could help cater for the entry-level accounting needs of the self-employed in the UK. We have spent the last year testing and refining Xero Go and after completing a careful review to understand the future of the product, we found greater investment was required to meet the changing customer needs and expectations around the product.

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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

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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

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.

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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

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Accounting Today

MARCH 11, 2024

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

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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.

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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.

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.

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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?

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Accounting Today

MARCH 11, 2024

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

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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.

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Manufacturing 52

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.

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

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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.

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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

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Withum

MARCH 11, 2024

Last week, 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.

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Rhode Island New Jersey Massachusetts Florida 52

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