ThomsonReuters
OCTOBER 31, 2023
Jump to: What is depletion expense? Who can claim depletion expenses? How to calculate depletion expense Depletion vs. depreciation Managing depletion expenses Clients in the mining, timber, and oil and gas industries must invest a lot of time, money, and resources to extract natural resources from the earth and transform them into useful products for consumers.
BurklandAssociates
OCTOBER 31, 2023
Part two of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-Two, Projections & Plans appeared first on Burkland.
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TaxConnex
OCTOBER 31, 2023
Adding a new product is great, new revenue streams are wonderful. Just don’t let sales tax turn the situation into a nightmare. Think “nightmare” is too strong? Consider: Your new product is not taxed but should have been. In the first year, your sales total is $100,000 (the economic nexus threshold in many states) and grows 20% annually over the next three years, for a total of $364,000 in sales.
Accounting Today
OCTOBER 31, 2023
The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
CPA Practice
OCTOBER 31, 2023
By Angela Ruth, Kiplinger Consumer News Service (TNS) Trying to start a business or take one to the next level can be expensive. You might be increasing your staffing, starting a marketing campaign or developing a new product. Self-funding is often recommended, but that isn’t a possibility for everyone. Getting a business loan from your bank is certainly a possibility, but there are other funding sources available.
Accounting Today
OCTOBER 31, 2023
Organizations are preparing themselves to comply with the SEC's climate-related disclosure rule, according to a new survey.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
OCTOBER 31, 2023
The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.
Going Concern
OCTOBER 31, 2023
So Fortune says that deodorant is making a big comeback now that companies are pushing return-to-office, at least according to what they were told on a Unilever media call last week. Unilever owns Dove, Rexona (or as we know it here in the US, Degree), and douchebag favorite Axe, all of which took a sales hit in 2020 and 2021 when everyone went feral and stopped showering as much as they used to.
Accounting Today
OCTOBER 31, 2023
The Top 50 Firm has expanded its presence in LA.
CPA Practice
OCTOBER 31, 2023
If there were a zombie apocalypse, would your city prevail or be overrun by the walking dead? For a Halloween survey, CareerBuilder conducted a totally scientific and, of course, completely 100 percent feasible, study that gauges survival rates in various cities based on their concentration of particular occupational skills and industries. The spooky “research” was comprised of a weighted index ranking the 53 largest U.S. metropolitan areas (with more than 1 million residents).
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Accounting Today
OCTOBER 31, 2023
The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.
Insightful Accountant
OCTOBER 31, 2023
Client Hub, a leader in modern workflow platforms for accounting and bookkeeping firms, is proud to announce the launch of its groundbreaking AI-enabled email integration.
inDinero Accounting
OCTOBER 31, 2023
A nonprofit statement of financial position is one of several documents nonprofits can use to demonstrate where donors’ money is being spent. It’s essential for nonprofits looking to grow—but they can be complicated. In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible.
Insightful Accountant
OCTOBER 31, 2023
It's 'Warehouse Wednesday' and we are returning this week to our series on BatchMaster, the application specifically designed for formula/batch processing that integrates with QuickBooks.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Anders CPA
OCTOBER 31, 2023
The Community Reinvestment Act (CRA) was enacted nearly 50 years ago to help low- and moderate-income (LMI) households access credit and financial services. Federal bank regulatory agencies have issued a final rule on the CRA with a goal of strengthening and modernizing the regulation considering changes to the banking industry that have occurred since the last significant revision in 1995.
Accounting Today
OCTOBER 31, 2023
Progress on DEI is picking up, according to the just-released 2023 Accounting MOVE Project results.
Canopy Accounting
OCTOBER 31, 2023
Navigating the world of practice management software can be a daunting task. This guide is designed to streamline the process, providing purchasers with the essential knowledge and tools they need to make an informed decision.
Accounting Today
OCTOBER 31, 2023
Growth in hourly and weekly pay at small businesses decelerated in October as job growth moderated, payroll provider Paychex reported.
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.
Withum
OCTOBER 31, 2023
The Internal Revenue Service (“IRS”) released Rev. Proc. 2023-33 on October 6, 2023, with additional information on how individuals buying used or new electric vehicles (EVs) can transfer a federal income tax credit to the auto dealership at the time of purchase, as opposed to claiming the credit on their federal income tax return. In a recent IRS National Automobile Dealers Association webinar, the IRS encouraged all auto dealerships to register as soon as the IRS Energy Credits Online Portal i
Mark Lee
OCTOBER 31, 2023
You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. Not that they know of course. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. I’m not in practice any more and I’m certainly fed up of hearing this nonsense – as what they are saying makes no sense when they talk about your current clients.
Going Concern
OCTOBER 31, 2023
Guess this will have to do until the Silent Hill 2 remake comes out. “The Face of the Future” campaign uses images of more than 200 actual EY people terrifyingly mashed together with AI voiceover. The concept, says the firm, is to show how people are at the center of AI. To highlight every individual’s facial architecture, a specially adapted one-shot StyleGAN was created.
Accounting Today
OCTOBER 31, 2023
Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.
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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.
inDinero Accounting
OCTOBER 31, 2023
A nonprofit statement of financial position is one of several documents nonprofits can use to demonstrate where donors’ money is being spent. It’s essential for nonprofits looking to grow—but they can be complicated. In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible.
Insightful Accountant
OCTOBER 31, 2023
Join Kristen Nies Ciraldo and Kelly G 'Rocks' for the next 'QB Talks,' Nov. 8, at 2 p.m. (EST). The 'over the top' pair will take you on a tour of the upcoming 'QuickBooks Connect.
ThomsonReuters
OCTOBER 31, 2023
Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception. While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.
Dent Moses
OCTOBER 31, 2023
You may be able to benefit from enhanced residential energy credits as a result The Inflation Reduction Act of 2022. Energy Efficient Home Improvement Credits Building envelope components and energy property qualify: Exterior doors (30% of costs up to $250 per door) Exterior windows or skylights (30% of costs up to $600) Insulation materials (30% of costs) Residential energy property like air conditioners and water heaters (30% of cost up to $600 per item) Requirements Simply buying a replacemen
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.
Inform Accounting
OCTOBER 31, 2023
For some time, taxpayers within Self Assessment have been able to set up a Time to Pay arrangement online, allowing them to pay their tax bill in instalments if they cannot pay it in full and on time. The facility to set up their own Time to Pay arrangement has now been extended to VAT-registered businesses.
CPA Practice
OCTOBER 31, 2023
MGO (Macias Gini & O’Connell), a top 50 CPA firm based in Los Angeles, said on Tuesday it will be combining with fellow LA accounting firm J. Arthur Greenfield & Co. Financial terms of the deal were not disclosed. J. Arthur Greenfield’s team of 20 staff and four partners are expected to join MGO’s Century City office at the end of the year. Kevin O’Connell “With complementary service lines and a shared commitment to providing team members with an amazing experience, we’re proud to welcom
Inform Accounting
OCTOBER 31, 2023
You’re in business to do business, not paperwork. Dext is the business expense tracker that tracks, reads and stores your receipts and invoices on the go, so you can focus less on finance and more of your time on what really matters: growing your business.
CPA Practice
OCTOBER 31, 2023
By Alexandra Skores, The Dallas Morning News. (via TNS) Southwest Airlines said that because of its December operational disruption, the Dallas-based airline could be subject to fines or penalties from the Department of Transportation. The Department of Transportation told Southwest on Oct. 27 that the air carrier “failed to provide adequate customer service assistance, prompt flight status notifications and proper and prompt refunds,” leading to a potential civil penalty, according to a governm
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.
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