Shay CPA
JANUARY 24, 2024
In 2023, it seems like you can outsource just about anything. You might pay a company to provide first-level customer support, or you might work with a marketing agency to develop and run campaigns. You might turn to a third-party provider for HR or website development. And, of course, companies are leaning into the benefits of outsourcing their financial services.
Accounting Today
JANUARY 24, 2024
The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.
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Withum
JANUARY 24, 2024
The R&D Tax Credit is a tax incentive that can be applied as a dollar-for-dollar offset against a company’s tax liability if they engage in activities related to the design and development of a product, process, formula, invention, software, or technique within the United States. Additionally, start-up businesses with less than $5 million in gross receipts in the current taxable year and no gross receipts prior to the fifth previous taxable year (e.g., for 2023, the company must not have gro
Accounting Today
JANUARY 24, 2024
The agency is adding new financial reporting and accounting requirements for SPAC deals.
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.
CPA Practice
JANUARY 24, 2024
If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. That may not sound like a significant percentage. But could you afford to lose more than one-quarter of the best players on your team, especially during tax season?
Accounting Today
JANUARY 24, 2024
Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
JANUARY 24, 2024
Surrounded by a passionate group of QuickBooks Accountants, Bookkeepers and ProAdvisors, Dave Talach asked the question, "What's one thing you wish your small business clients knew?" Here are some of his favorite answers.
Cherry Bekaert
JANUARY 24, 2024
The Internal Revenue Service (IRS) has taken several steps to tackle the millions of invalid Employee Retention Credit (ERC) claims. First, they temporarily halted all ERC claims until the beginning of 2024. Two new programs were introduced by the IRS to aid employers who may have filed ERC claims they didn’t qualify for without realizing it. The IRS announced the Voluntary Disclosure Program (VDP) on December 21, 2023, to aid employers who filed invalid ERC claims.
CPA Practice
JANUARY 24, 2024
Less than half of Americans (44%) say they can afford to pay a $1,000 emergency expense from their savings, according to a new Bankrate survey. This is up slightly from 43% in 2023, and at the same level as 2022. Nearly two-thirds of Americans (63%) say inflation/rising prices have caused them to save less for emergencies, while nearly 1 in 5 (19%) say they are saving more for emergencies because of rising interest rates.
Cherry Bekaert
JANUARY 24, 2024
Contributors: DeWanna Coleman Governmental Accounting Standards Board (“GASB”) Statement No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62, is in effect for fiscal years beginning after June 15, 2023. This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections and the related disclosures in governmental financial reporting.
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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.
AccountingDepartment
JANUARY 24, 2024
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
Accounting Today
JANUARY 24, 2024
The IRS is pushing back payment and filing deadlines for those hit by January weather.
CPA Practice
JANUARY 24, 2024
By Vincent Gabrielle, New Haven Register, Conn. (TNS) The IRS announced Monday that tax relief for individuals and businesses in flood-stricken parts of Connecticut would be made available. Those affected by the recent storms, flooding or the Fitchville dam failure are eligible. IRS officials announced the agency would extend its April 15 filing deadline for those taxpayers, who now have until June 17, 2024 to submit tax returns and make tax payments.
Accounting Today
JANUARY 24, 2024
A client resource hub is a dedicated section of your website that serves as an easy-to-skim central repository of information for your clients.
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.
CPA Practice
JANUARY 24, 2024
Enrolled agents who have a Social Security number ending in 7, 8, or 9, or those with no Social Security number, must renew their EA status by Jan. 31 to ensure they receive their new enrollment card before their current enrollment expires on March 31, according to the IRS. Per Circular 230 , EAs are required to renew their EA status every three years, and the time frame for renewal is based on the last digit of their Social Security number.
Accounting Today
JANUARY 24, 2024
The division of Archer-Daniels-Midland that's under investigation for its accounting practices is responsible for less than 10% of the crop giant's revenue. Yet it's had an outsized influence on recent executive bonuses.
Going Concern
JANUARY 24, 2024
How come the stock photo hackers are always wearing hats indoors and surrounded by vape clouds? As if public accountants didn’t have enough to worry about, local WLNS of Lansing, Michigan reported today that an accounting firm employee had apparently put ‘unauthorized’ software on colleagues’ phones and laptops. Why? No one knows.
CPA Practice
JANUARY 24, 2024
The new year is a time to look ahead, think about change, and set goals — ideally, a mix of attainable and aspirational ones. But for CPA firm leaders, it’s difficult to focus on the future when you’re dealing with a host of immediate business priorities. Top among them is competing for finance and accounting talent to staff both new and vacated roles and help keep critical projects moving forward.
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.
Accounting Today
JANUARY 24, 2024
Recent research from the Federal Reserve Bank of San Francisco says that working from home has little relationship with productivity, either positive or negative.
Withum
JANUARY 24, 2024
In today’s world, the concept of sustainability has become imperative across industries and manufacturing is no exception. Sustainable manufacturing refers to the process of creating products while minimizing negative environmental impacts, conserving resources and optimizing operational efficiencies. As populations expand and demographics shift, climate change and resource depletion concerns intensify.
Accounting Today
JANUARY 24, 2024
The superstar player's decision to push back his record-breaking pay intrigued planners who pointed out a bevy of wealth-related questions.
Ryan Lazanis
JANUARY 24, 2024
Clients care about 4 things, and it's important to know them. By doing so, you'll have more success in price increases and much more. The post The Only 4 Things Your Clients Care About appeared first on Future Firm.
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.
Reckon
JANUARY 24, 2024
The accounting profession will not be immune to recent and future advances in AI. There’s a lot of hand wringing out there in the accounting community, among others, about how AI might impact their jobs or even make them obsolete. This is the wrong way to think about AI. As with the advent of cloud computing, AI can be a boon to the profession and simply make the job more accurate and less labour intensive, freeing up accounting professionals to do more of the ‘human work’.
Inform Accounting
JANUARY 24, 2024
Are you a business owner or entrepreneur? Do you want to be more intentional this year? Here are 5 ways to figure out what it is you really want, so you can chart your course for the year ahead.
CPA Practice
JANUARY 24, 2024
By: Beau Beaullieu, AIF®, C(k)P®. It’s too common in our profession that business owners search for tax deductions after receiving their tax bill. By that time, it is typically too late for anything to be done for that tax year, but to some owners, waiting to “cash in” after the next fiscal cycle is too long to wait. There is a benefit that takes some planning, but it’s worth the time in the taxes it’ll save.
Withum
JANUARY 24, 2024
This week’s Barron’s January 22, 2024 issue has an article titled “How Our Picks and Pans Fared in 2023”. The subhead read in part, “The 77 companies featured in bullish Barron’s articles last year slightly trailed their benchmarks.” The overall performance of the 77 picks was a gain of 9.9%, while the benchmark returns were 12.7%. I read Barron’s regularly each week and recommend it to anyone seriously interested in stock market investing.
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
CPA Practice
JANUARY 24, 2024
Wolters Kluwer has announced that multinational companies that use the SAP Document and Reporting Compliance solution can now manage their U.S. local and state indirect tax filing obligations within SAP S/4HANA. This new functionality is made possible thanks to a new, native integration between the SAP Document and Reporting Compliance solution and the Wolters Kluwer CCH SureTax solution.
Insightful Accountant
JANUARY 24, 2024
Automating tasks like inbox management, client leads, and data collection can save time during tax season. AI tools like ChatGPT offer cost-effective solutions for practice management.
CPA Practice
JANUARY 24, 2024
Forwardly, the instant payment solutions for small to medium-sized businesses and accounting firms, has launched a new advanced Bill Payments system. The new accounts payable automation will allow small businesses in the U.S. to pay bills instantly with 24/7/365 processing while providing multi-level approval features and flexibility to send partial and scheduled payments.
FraudFiles
JANUARY 24, 2024
One of the common defenses of multi-level marketing is that it is a legitimate business method that has been around for a long time. I’ve also been told that if it was illegal, it would have been shut down. Some companies that were widely touted as “legal” or “legitimate” MLMs, such as Advocare, HAVE been [.
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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.
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