CPA Practice

JULY 3, 2024

By Brad Barkin Small accounting and financial services firms are facing escalating operation threats and vulnerabilities. Cybercrime is on the rise, with PwC reporting a 30% higher risk of cybersecurity attacks for financial firms. Additionally, accounting, tax preparation, and bookkeeping firms are navigating a growing staffing shortage. Technology can address both of these problems, from improved cybersecurity platforms to artificial intelligence-based tools to take over the routine processes

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Technology accounting firms accountant Account 128

ThomsonReuters

JULY 3, 2024

In a landmark decision, the Supreme Court overturned the longstanding Chevron doctrine, significantly altering the landscape of federal agency authority. The ruling, known as the Loper decision , marks a seismic shift in how federal agencies interpret and enforce statutes. Checkpoint Payroll Update recently spoke with Alexander T. MacDonald, Shareholder and member of the Workplace Policy Institute at Littler, to understand how the Loper decision may affect federal labor and employment law.

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Accounting Today

JULY 3, 2024

The IRS's Large Business and International Division is providing companies that claim tax credits for renewable energy and electricity projects an expedited way to report them.

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Tax 97

GrowthForceBlog

JULY 3, 2024

7 min read July 3rd, 2024 Most commonly associated with weather, forecasting is also an essential business tool; it can be used to predict whether your business will experience a dry spell or a windfall and help you develop an effective strategy and boost the bottom line of your business. Key Takeaways How Forecasting Can Boost Your Bottom Line: So, forecasting is just one of several bottom-line-improvement strategies.

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accountant Account accounted 86

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

JULY 3, 2024

Louie Vazquez says he has all the characteristics of a bad employee and a good business owner.

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accountant Account accounted 122

KROST

JULY 3, 2024

Following up on our article from last Thursday, there has been a major update for restaurants in the wake of California Senate Bill 478. The Bill, which went into effect on Monday, was set to outlaw surcharges or “hidden junk fees” from businesses, including food and beverage vendors in the state of California. However, last-minute Read the full article.

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CPA Practice

JULY 3, 2024

As your clients’ businesses expand their operations across state lines, it is crucial for your firm to help them understand and manage tax nexus. They may require advice on the most economically advantageous locations for new offices, stores, or warehouses to optimize their overall tax burden. For CPAs and accountants, guiding clients through the intricacies of tax nexus also means monitoring and ensuring compliance and optimizing tax strategies.

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cpas payroll tax accountant Account 85

Accounting Today

JULY 3, 2024

The Internal Revenue Service issued a warning cautioning taxpayers to beware of a new scam involving the purchase of clean energy tax credits.

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Tax 102

SkagitCountyTaxServices

JULY 3, 2024

The barcode is so commonplace you kind of forget that it was the cutting edge of retail technology once upon a time. Now, you probably only think about it when you scan it at the register (BEEP). But this year is, in fact, its 50th anniversary. But, as commonplace as the barcode is, it’s facing an upgrade, aka the QR code — the more sophisticated, more informative, and more interactive improvement on the everyday barcode.

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Accounting Today

JULY 3, 2024

Where does sales tax drive the most local revenue?

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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.

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Withum

JULY 3, 2024

Car dealers nationwide continue to feel the impact of last week’s CDK Global cyberattack. Many U.S. dealerships’ operations were halted, and this ransomware attack’s impact is still ongoing. Slowly, dealerships are coming “back online.” CDK Global has stated that systems restoration will continue through the end of the month.

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CPA Practice

JULY 3, 2024

If you’re thinking about offering payroll services or switching from your current payroll software, this guide can help you decide if it’s time for a change. It will also highlight the essential features your new payroll solution should have. Effective payroll software ensures accuracy, compliance, and operational efficiency, providing a competitive edge.

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Ryan Lazanis

JULY 3, 2024

If your goal is to systematize your firm, improving processes shouldn't be your top priority. Find out why in this episode. The post Process Improvement is Not a Top Priority appeared first on Future Firm.

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accountant accounted Account 52

Withum

JULY 3, 2024

Since June 19 th , car dealerships have been negatively impacted by the CDK Global cyberattack. Many U.S. dealerships’ operations shifted to manual processes after their Dealer Management System (DMS) was taken offline by a ransomware incident linked to Blacksuit. As dealer operations are now slowly coming back online (as many have reported over the weekend), here are some things to work through as you recover.

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Advertisement

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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Shay CPA

JULY 3, 2024

There’s absolutely no reason to manually manage your accounting. Today’s accounting software can do a lot of the heavy lifting for you, from compiling all of your transactions into a single place to creating key financial reports. In fact, the focus shouldn’t be on whether or not to leverage accounting software. (You should.) Instead, the priority should be finding the right software solution for your specific tech company.

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Canopy Accounting

JULY 3, 2024

Profile Alpine Mar CPA and Advisors , founded by Pablo Martell , is a full-service CPA firm based in South Florida. The firm provides comprehensive tax services, accounting and bookkeeping, fractional CFO services, and transaction advisory services. They cater to a diverse clientele, including small business owners, high-net-worth individuals, and corporations.

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Accounting Insight

JULY 3, 2024

Christine is a multi-award-winning Business Mentor, speaker and author. She has authored 4 business books and is a regular keynote speaker on Succession and Exit Planning. As a businesswoman who has built multi-million turnover businesses over the last 30 years, she has worked with many business owners in all sectors including taking one from bankruptcy to 8-figure exit in 18 months.

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accountant Account accounted 52

Accounting Today

JULY 3, 2024

Plus, unbundling Office and Teams, Apple and on-device AI, and more.

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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

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Accounting Insight

JULY 3, 2024

On 17 September, thousands of attendees are expected to return to Manchester Central for the sixth edition of Accountex Summit Manchester. “Last year’s show was a huge success, we welcomed a 35% increase in attendees!” said Accountex Portfolio Director, Caroline Hobden. “This year we’re excited to deliver an even better show with new exhibitors, speakers and features.

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quickbooks Education accountant Account 52

CPA Practice

JULY 3, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss the invitation-only Accounting Thought Leader Think Tank Symposium, which gathered dozens of the most influential accounting technologists, practitioners, advisors, and policy makers in the profession. The event was held just prior to the 2024 AICPA Engage Conference. A podcast link is below if you just want to listen.

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