Randal DeHart

JULY 26, 2024

The recent cyber outage is a stark reminder of digital systems' vulnerability and potential impact on businesses, including those in the construction industry. This incident offers several critical lessons for construction bookkeeping. As a contractor, your accounting and bookkeeping systems are vulnerable not only to cyber threats but also to software outages, which can compromise sensitive financial data and disrupt business operations.

Construction 95

Construction bookkeeping accountant Account 95

CPA Practice

JULY 26, 2024

The IRS on July 26 provided five additional red flags of incorrect Employee Retention Credit (ERC) claims by businesses, as the agency continues to scrutinize requests for the pandemic-era tax credit. The new warning signs come from common issues that IRS compliance teams have seen while analyzing and processing ERC claims. These five red flags are in addition to seven problem areas the IRS highlighted last March.

payroll 131

payroll Government Tax 131

Accounting Today

JULY 26, 2024

The Internal Revenue Service isn't in full compliance with the federal government's guidance for removal of TikTok from devices, according to a new report, but mainly because it hasn't been inserting the requirement in all its contract actions.

Maine 129

Maine Government Tax 129

CPA Practice

JULY 26, 2024

By Anthony G. Attrino, nj.com (TNS) A woman who worked as an accountant for a New Jersey company was sentenced Monday to more than three years in prison and ordered to pay $3.8 million in fines for charging millions in personal expenses on her employer’s credit card. Jennifer Vandever, 51, of Atco, was also sentenced in federal court in Camden County to three years of supervised release, according to a spokesman for the Internal Revenue Service’s criminal investigations unit.

New Jersey 119

New Jersey income tax accountant Account 119

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.

Account

Cherry Bekaert

JULY 26, 2024

Annual planning is a crucial process that sets the tone for the upcoming calendar year and enables organizations to define goals, align resources, and capture growth opportunities. While some may view it as an exercise in predicting the future, the real purpose of annual planning is to identify opportunities for growth (the “homework”), synchronize the organization to capture them (the “framework”), and ultimately, empower operational leaders to make decisions when the future doesn’t turn out as

Manufacturing 110

Manufacturing Non-Profits Government Sales 110

Accounting Today

JULY 26, 2024

The accountant shortage remains an acute challenge in the U.S. and other parts of the globe, but some countries may be experiencing a comeback.

accountant 122

accountant Account accounted management accounts 122

Accounting Today

JULY 26, 2024

Double-dipping on wage claims and saying masks disrupted operations are just two new hallmarks of bad Employee Retention Credit claims.

Tax 124

Tax 124

GrowthForceBlog

JULY 26, 2024

8 min read July 26th, 2024 Nonprofit organizations have multiple funding channels to manage. In addition to tracking donations and events, nonprofits must also keep track of the funds received as a result of grant awards. Key Takeaways What Is Grant Tracking: Grant tracking is a part of grant management. The grant tracking process occurs after a grant is applied for and awarded.

Government 83

Government accountant Account accounted 83

Accounting Today

JULY 26, 2024

The final wording of the communique is subject to ongoing debates.

Finance 118

Finance Tax corporation tax 118

Cherry Bekaert

JULY 26, 2024

In today’s corporate sphere, virtually all companies depend, to some degree, on software systems supplied by third-party vendors. These include systems for accounting, back-office operations, and IT and cybersecurity support. Despite the prevalence of this practice, some organizations undermine the potential risks associated with dependence on third parties.

audit 64

audit Healthcare accounting and finance Finance 64

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

Accounting Today

JULY 26, 2024

NASBA expands new leadership team; KLR promotes pair of partners; and more news from across the profession.

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Cherry Bekaert

JULY 26, 2024

On June 17, 2024, the Vermont legislature made a significant change by enacting legislation ( Vt. H. 887 ) that repeals the sales and use tax exemption for prewritten computer software accessed remotely, which was originally enacted in 2015 with Act 51. The new law went into effect on July 1, 2024, amending the definition of tangible personal property to include prewritten computer software, regardless of the delivery method or access.

Vermont 59

Vermont Sales North Carolina Tax 59

Insightful Accountant

JULY 26, 2024

Insightful Accountant launched it's premium content and training solution in June designed to help you grow and manage your practice through actionable articles, training sessions and Q&A sessions.

accountant 52

accountant Account accounted 52

Cherry Bekaert

JULY 26, 2024

In today’s corporate sphere, virtually all companies depend, to some degree, on software systems supplied by third-party vendors. These include systems for accounting, back-office operations, and IT and cybersecurity support. Despite the prevalence of this practice, some organizations undermine the potential risks associated with dependence on third parties.

audit 52

audit Healthcare accounting and finance Finance 52

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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.

financial statements

Accounting Today

JULY 26, 2024

Denver played host to the AGA Professional Development Training (PDT) in 2024, marking the first time the city had the honor of hosting this prestigious event in many years.

Education 58

Education Government accounted Account 58

Cherry Bekaert

JULY 26, 2024

In this webinar, Catherine Bazley and Marie O’Neill will explore investment strategies and opportunities within TOZs, analyzing real estate development, small business investment, and venture capital. Learn about potential opportunities and risks for investors in these dynamic zones. Key Topics: Understand the intricacies of real estate development within TOZs, including growth potential and profitability Evaluate the viability of investing in emerging small businesses within TOZs Assess the ris

Real Estate 52

Real Estate 52

Ronika Khanna CPA,CA

JULY 26, 2024

Any sales that occur within a business where payment is not made up front (eg. retail) or in advance of the sale (eg. down payment for a car), is reflected as an “Accounts Receivable”, which is accounting terminology for amounts owing by customers to a business. It is good to have accounts receivable, as this means you are generating sales. The downside, however, of having accounts receivable is that it represents cash that you don't have now, and along with that comes the possibility that your

accounting software 91

accounting software Sales accountant Account 91

Going Concern

JULY 26, 2024

Sage (yes, that Sage), a “dynamic ‘think-and-do’ tank” called Demos , and the Association of Chartered Certified Accountants (ACCA) over in the UK have released a “groundbreaking study” in which 1,126 accountants and bookkeepers in senior roles were surveyed to harvest their thoughts on AI in the profession. “The accounting industry is on the brink of significant transformation as widespread AI adoption in UK accounting practices could add £2 billion to

bookkeeping 111

bookkeeping Technology Sales accountant 111

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

Ronika Khanna CPA,CA

JULY 26, 2024

Being a solo entrepreneur or solopreneur (to use the pithier term) can be extremely rewarding but also brings some unique challenges. It can be a lonely existence, as you often work from home, and don’t have a water cooler where you can discuss the latest tv show you are watching. You have to become an expert on subject matters well outside of your subject of expertise, as all of us who have to troubleshoot a computer problem or write our own copy for social media and blogs, can attest to.

accounting and finance 73

accounting and finance bookkeeping course Finance bookkeeping 73

Menzies

JULY 26, 2024

Menzies LLP - A leading chartered accountancy firm. There are many factors that can severely impact business operation costs – technology is evolving, sustainability is a concern, and digital usage is at an all-time high. Investments are now forced to cover wage growth, service costs, fuel prices, and consumer demands, leaving little disposable income for improvements elsewhere.

Transportation 52

Transportation chartered accountant accounting and finance Finance 52

CPA Practice

JULY 26, 2024

By Karin Price Mueller, nj.com (TNS) New Jersey residents will have a new way to file their federal tax returns when it’s time to file for 2024, the IRS and state officials said Wednesday. The program, called IRS Direct File, was tested in 12 states during the 2023 tax filing season, and it’s now ready for prime time, officials said. The program will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it’s in.

New Jersey 59

New Jersey tax return income tax Tax 59

CPA Practice

JULY 26, 2024

By Caitlin Reilly, CQ-Roll Call (TNS) Big corporations and upper-income households could soon be “feeling the Bern,” as unabashed progressive Sen. Bernie Sanders, I-Vt., on Wednesday hinted at throwing his hat in the ring for the soon-to-be-open Senate Finance Committee seat. Sanders, who describes himself as a democratic socialist, is a vocal critic of Wall Street and corporate America and has pushed to expand entitlements like Medicare and Social Security, make college free and cut drug prices

Finance 98

Finance Tax corporation tax Education 98

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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.

CPA Practice

JULY 26, 2024

By Enda Curran and Viktoria Dendrinou, Bloomberg News (TNS) The shock replacement of the Democratic presidential candidate less than four months before the U.S. election has introduced a new element of uncertainty about the outlook for economic policy in 2025 and beyond. The immediate unknown is whether President Joe Biden’s expected successor at the top of his party’s ticket, Vice President Kamala Harris, would recalibrate Democrats’ economic agenda.

Tax 64

Tax income tax corporation tax California 64