Accounting Today
OCTOBER 13, 2023
It's nearly impossible to exist in the business world without hearing terms like "AI" or "machine learning." Unfamiliarity with the tech can impede trust and ultimately lead to its rejection.
Going Concern
OCTOBER 13, 2023
Big 4 alum and professor of accounting and finance at the College of Saint Benedict and Saint John’s University in Minnesota Boz Bostrom has penned a piece for the MNCPA blog on why, in his opinion and supported by research, the 150 hour rule must change. As you know, there is a battle brewing in his state over adding a second pathway to CPA licensure that would allow Minnesota candidates to be licensed with 120 units and additional work experience, a move the AICPA has publicly (and privately,
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Accounting Today
OCTOBER 13, 2023
With the number of freshly minted accounting graduates dwindling and the consumer price index still rising, the law of supply and demand is driving up salaries.
Withum
OCTOBER 13, 2023
Capital accounts track the net equity owned by each partner in a partnership and typically include such information as initial and subsequent capital contributions, each partner’s distributive share of the profits and losses, and all distributions. Capital Accounts Beginning in tax year 2020, the IRS required partnerships to report their capital accounts on Schedule K-1, Item L, partners’ capital account analysis using the tax basis.
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
OCTOBER 13, 2023
The agency is responding to the unfolding crisis in the Middle East.
CPA Practice
OCTOBER 13, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The Social Security tax, withheld from each paycheck, stops once your income reaches a certain amount. That is due to the “Social Security wage base,” which is the maximum amount of earnings subject to Social Security tax. These taxes fund the Social Security program, which provides retirement, disability, and survivor benefits to eligible recipients.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
OCTOBER 13, 2023
With a recent change to the school’s dress code, the CPA exam superstars at Brigham Young University will now be able to wear shorts to class across the BYU system as long as said shorts are not “sloppy, overly casual, ragged, or extreme” and fit into the university’s overarching requirement of modesty. So no John Stockton shorts , undeniably one of the most memorable fashion choices of the 1990s however way too much leg to meet BYU’s definition of modest or anyone&
Accounting Today
OCTOBER 13, 2023
The IRS's interim guidance answers many questions but leaves others unaddressed, according to tax experts.
AccountingDepartment
OCTOBER 13, 2023
In this episode, join Kevin, Alicia, and Sarah as they discuss the setup and execution of various fantasy sports leagues throughout the year.
Accounting Today
OCTOBER 13, 2023
CLM Advisors moves offices; Brown Schultz Sheridan & Fritz and RKL both named Best Places to work in PA; and more news from across the profession.
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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.
CPA Practice
OCTOBER 13, 2023
By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. taxes. The agency had already been auditing the company, but for the next three years, it took perhaps the boldest, most antagonizing steps it had in decades to inspect the company’s finances.
Accounting Today
OCTOBER 13, 2023
Plus, Corvee adds AI to Instead and Instead Pro solutions; and other news and updates from the accounting technology arena.
Randal DeHart
OCTOBER 13, 2023
In the construction business world, one constant factor you are likely to encounter is change, particularly in the financial landscape. One such change that can bear significant implications for small businesses is rising interest rates. Understanding how this impacts your construction business and identifying solutions to counteract these effects can be vital to sustaining and growing your company.
Accounting Today
OCTOBER 13, 2023
The deal will double the size of the firm's restaurant, franchise and hospitality industry team.
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Canopy Accounting
OCTOBER 13, 2023
It's easy to feel overwhelmed with all the skills you need to keep sharp as an accountant. Between keeping up with changing regulations, staying on top of deadlines, and managing clients, accountants have their hands full. While these essential skills can make or break your practice, it's important to remember the not-so-obvious skills that you need to build a successful practice — effective communication with clients and your staff, keeping your firm ahead of the curve with new tech, practicing
Accounting Today
OCTOBER 13, 2023
The profession needs to proceed cautiously with anything that might impact accountants' ability to practice across state lines.
Accounting Insight
OCTOBER 13, 2023
The ICB LUCA Awards are very much the Oscars of the bookkeeping profession. You can expect the industry glitterati to assemble to the awards ceremony that is held as part of the ICB Bookkeepers Summit on Monday 6 November. This year’s LUCA Awards finalists include bookkeepers, vendors and service providers of all shapes and sizes. The newest entrants to the market will be recognised as part of the Student of the Year category and new Practice of the Year.
CPA Practice
OCTOBER 13, 2023
Top 30 accounting firm Aprio has struck a deal with fellow Georgia-based CPA firm Antares Group to merge on Nov. 1. Financial terms of the deal were not disclosed, but Atlanta-based Aprio will gain 100-plus team members and partners from Antares Group, as well as new offices in Conyers, GA, and Dedham, MA, as part of the deal. Richard Kopelman “We are pumped about the win-win benefits that Antares Group and Aprio amplify as a combined entity, which will solidify Aprio’s position as a national le
Advertiser: Paycor
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Inform Accounting
OCTOBER 13, 2023
If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January 2024 in which to do this, as long as you file online. However, HMRC have been encouraging taxpayers to file their tax return early. Is this worthwhile and what are the benefits?
Anders CPA
OCTOBER 13, 2023
In 2020, about two thirds of cannabis retailers were profitable. Fast forward to 2022, and that number is down to 31%, according to MJBiz daily research. There are a lot of reasons why that’s the case. Price compression keeps gross profit down as customers shop around for the best discounts. With prices set by the wholesalers, retailers typically use a standard markup of 100% which sets gross margin at 50% before discounting.
Going Concern
OCTOBER 13, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Thoughts and prayers to everyone on the grind to October 16, you’ve got this.
Ronika Khanna CPA,CA
OCTOBER 13, 2023
As an employee, your employer takes on the responsibility to pay certain payroll deductions to the governmen t, which are deducted directly from the employees’ gross salary. The net salary, which is the amount on the employees’ paycheque, is the amount received after payroll and income taxes have been deducted. Included in the amounts that are deducted from your gross pay are contributions to the Canada Pension Plan or CPP which in Quebec is referred to as the Quebec Pension Plan or QPP.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.
Accounting Today
OCTOBER 13, 2023
A former IRS contractor admitted stealing information about the former president and thousands of wealthy Americans and leaking it to two news organizations.
CPA Practice
OCTOBER 13, 2023
By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has announced tax relief for taxpayers impacted by the Oct. 7 terrorist attacks against the State of Israel. The announcement comes only three days before the Oct. 16 tax deadline for those who requested a federal filing extension for last year’s taxes. Eligible taxpayers now have until Oct. 7, 2024, to file these returns.
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