ThomsonReuters

MARCH 27, 2024

The IRS is having a big problem dealing with non-filers – individuals and businesses who fail to file their required tax returns. It’s an issue that’s been around for years, but one that hasn’t been a top priority for the IRS of late. As a result, there’s been a substantial increase in the amount of taxes that aren’t being paid. But now, the IRS is making a new effort to fix the problem, starting with high-income taxpayers.

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BurklandAssociates

MARCH 27, 2024

For venture-backed startups looking to optimize costs without compromising on financial expertise, hiring a fractional CFO can be a game-changer. The post Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups appeared first on Burkland.

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Gaming 147

Accounting Today

MARCH 27, 2024

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

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Going Concern

MARCH 27, 2024

Is no one concerned about the brain drain happening at the lowest levels as all the grunt work that used to train newbies gets sent overseas? Are we quickly headed toward a world where entire teams from manager on down are in another country? And does this mean clients will get a break on fees since the talent is so much cheaper? LOL to that last one.

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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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CPA Practice

MARCH 27, 2024

By Dave Eisenstadter, masslive.com (TNS) With this year’s tax filing deadline approaching, IRS reporting continues to show millions fewer refunds this year compared with last year. Records obtained from the IRS show that this year’s tax season is on track to have the fewest refunds in at least 15 years. As of the week ending March 15, the most recent data available , the IRS had issued just over 49 million tax refunds, close to 9% lower than at that point in the tax season last year, when near

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Withum

MARCH 27, 2024

In celebration of Women’s History Month, Withum’s Multiemployer Benefit Plans and Labor Unions Service Partner, Jessica Roster , had an insightful conversation with Madison Hull, the Director of Service and President at District Council 16 International Union of Painters & Allied Trades. Madison’s professional journey is nothing short of remarkable.

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Nevada Construction Start-ups Education 111

Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. DSTs are considered securities under federal law and hold fractional interest. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange.

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CPA Practice

MARCH 27, 2024

In the realm of financial reporting, data accuracy is crucial to regulatory compliance and complete visibility into business performance. However, many companies do not have full confidence in their data, with 37% of CFOs and 50% of senior finance and accounting professionals questioning its accuracy and reliability. Errors in financial data can lead to a number of legal consequences associated with non-compliance, including fines and other penalties.

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Accounting Today

MARCH 27, 2024

A negative outlook on work-life balance is one of the most important factors driving people away from the auditing profession.

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Insightful Accountant

MARCH 27, 2024

The Senate Finance Committee recently held a hearing to discuss Biden’s proposed budget and tax law changes and tax pros are now speculating what those proposals may mean for the rest of 2024.

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Tax Finance 105

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

Nancy McClelland, LLC

MARCH 27, 2024

So very pleased to announce that Nancy been nominated once again for Insightful Accountant’s prestigious “Top 100 ProAdvisors Award”! It’s her fifth time being nominated, and after last year’s win , we’re hoping to make it a two-fer. One small challenge this year is that due to an administrative snafu, the name “Nancy McClelland” shows as the very last one on the list, rather than in alphabetical order.

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Insightful Accountant

MARCH 27, 2024

Bookkeepers need cloud computing, AI, and automation to enhance service levels. These tools enable quicker and more efficient completion of tasks, ultimately improving overall performance. Read more about it here!

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bookkeeping 105

Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. DSTs are considered securities under federal law and hold fractional interest. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange.

Delaware 98

Delaware Real Estate Legal accounting standards 98

Insightful Accountant

MARCH 27, 2024

In our attempt to bring you more International Coverage welcome an "International Pro's Perspective". Sholto Macpherson brings a fresh perspective on the Accounting Tech.

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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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CPA Practice

MARCH 27, 2024

The 2024 tax season is almost over and millions of Americans are finalizing their 2023 returns, which are due to the Internal Revenue Service by Monday, April 15, 2024. The IRS expects to have more than 128 million individual tax returns filed by that deadline. As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) wants individual filers to be aware of what’s new for this filing season: Standard deduction increases : the standard deduction amount for 2023 has

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Accounting Today

MARCH 27, 2024

Does your job primarily involve data entry and routine processes? If so, it may be time for a pivot.

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Cherry Bekaert

MARCH 27, 2024

Is your technology company’s biggest asset – its intellectual property (IP) – automatically protected in other countries just because it is protected in the U.S.? It’s not! In this podcast episode, members of our International Tax Practice uncover this and other missteps that many companies make in the tax planning process when trying to expand globally.

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Accounting Today

MARCH 27, 2024

As difficult as taxes may be, they're also important for multistate businesses to get right.

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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

SkagitCountyTaxServices

MARCH 27, 2024

Double-checking is a motto we live by here at Padgett & Padgett, PLLC CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a couple of different checks before we send it off to the IRS for you. That matters this time of year as we hustle to get returns submitted (or extensions in some cases).

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Accounting Today

MARCH 27, 2024

The jobs that will become a lot less common in accounting in the future are those that involve the inputting and manipulation of data for routine and repeatable tasks

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CPA Practice

MARCH 27, 2024

By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial intelligence systems that would ensure transparency as well as hold tech companies accountable for potential risks and harms. The Artificial Intelligence Accountability Policy Report stemmed from more than 1,400 comments the agency, which is part of the Commerce Department, received last year from companies and

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Wellers Accounting

MARCH 27, 2024

Chris Thompson reports on Christina Nawrocki handing over the reins to Simon Smith, our new Managing Partner at Wellers.

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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.

AccountingDepartment

MARCH 27, 2024

Balancing the books in any retail enterprise can be a nerve-wracking task. For small business owners and retail managers, ensuring that cash in the register matches the sales receipts is not just about maintaining financial accuracy – it's the linchpin of trust in your business and a crucial safeguard against fraud or operational errors. This comprehensive guide takes you through the intricate yet critical process of cash reconciliation, offering you a clear path to financial vigilance, operatio

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Accounting Today

MARCH 27, 2024

The Digital Business Networks Alliance, a Federal Reserve-sponsored group, announced the first successful transmission of an electronic invoice over the new U.S. network.

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Technology 75

Going Concern

MARCH 27, 2024

The New Jersey accounting firm formerly known as WithumSmith+Brown got a nice little write-up in ROI-NJ for turning 50 on March 21, go read it if you want to find out what year Withum reached $100 million in revenue (2014). The article talks about the “no jerks allowed” philosophy founding partner Ivan Brown had in mind when he, Fred Withum, and Len Smith founded the firm in 1974 (“In the beginning, we didn’t have any grand ideas or long-range plans,” Brown said.

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CPA Practice

MARCH 27, 2024

Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today released findings from a new survey of The survey findings reveal that A majority of businesses believe that use tax is challenging, with many indicating the cost of managing use tax obligations is high for their business. That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations.

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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.

Accounting Today

MARCH 27, 2024

An employee stock ownership plan may be the answer as the accounting profession faces a talent shortage.

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Canopy Accounting

MARCH 27, 2024

Randy Johnston, executive vice president of K2 Enterprises, sits down with Canopy to discuss his 30+ years in accounting and technology. In the episode Randy discusses the need for keeping up on accounting trends, why it's important for accounting firms to identify who they are and what they do, and why technology is crucial to running and efficient firm.

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CPA Practice

MARCH 27, 2024

By Irving Mejia-Hilario, The Dallas Morning News (via TNS). It’s not just average, everyday citizens who are moving to Texas. More of the ultra rich and powerful are beginning to call Texas home. A total of 27 individuals including Dallas Mavericks minority owner Mark Cuban , Dallas philanthropists Margot Perot and family, Tesla Motors CEO Elon Musk , Dallas oilman Ray Hunt , and many more are part of a long list of the most affluent people who claim the Lone Star State as their stomping grounds

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Accounting Today

MARCH 27, 2024

The first step is going to be conversation — lots of it.

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