Accounting Today
AUGUST 29, 2024
As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating how organizations estimate and report credit losses and providing a comprehensive overview of credit loss assessment in financial statement audits.
CPA Practice
AUGUST 29, 2024
Items of income and loss from an S corporation are passed through to shareholders and reported on their personal tax returns. However, as shown in a new case, Maggard, TC Memo 2024-77, 8/7/24 , an S corp shareholder may be liable for tax on income they never even receive. Basic premise: With an S Corporation, the owners are essentially taxed like partners in a partnership.
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Accounting Today
AUGUST 29, 2024
Some IRS policies may favor large multinational corporations that use foreign no-tax or low-tax jurisdictions for the sole purpose of avoiding paying U.S. taxes, according to a TIGTA report.
Going Concern
AUGUST 29, 2024
Announced yesterday, Eide Bailly (IPA Top 100 #18 with $705 million in revenue) has gotten itself into some kind of mutually beneficial arrangement with a wealth management firm that means EB Advisors joins that firm, Sequoia Financial Group, and Eide Bailly has an equity investment in Sequoia and they’re both servicing clients together. Or something.
Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Canopy Accounting
AUGUST 29, 2024
Panelists: Gail Perry, Editor, CPA Practice Advisor Roger Knecht, PB, PGE, VB, President, Universal Accounting Kyle Whittle, Director of Customer Onboarding, Canopy Canopy and CPA Practice Advisor partnered on a survey asking accountants how they saw the profession today and where they thought it would be in three to five years. In this engaging webinar a panel of accounting professionals will dive into the data, share their insights, and forecast where they see the profession going in the futur
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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Insightful Accountant
AUGUST 29, 2024
Sheri Radler, Insightful Accountant's 2023 Up-n-coming ProAdvisor of the Year, provides a 'fresh perspective' on how QuickBooks Live Expert Assist can support and grow your ProAdvisor practice.
CPA Practice
AUGUST 29, 2024
Nominations for the 2024 Awards are now open. Click here to go to the free nomination form. Multiple nominations do not enhance a candidate’s chances. There are no costs associated with these awards or the nomination process. The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession by visibly and incrementally changing the accounting profession through their exemplary leadership, their innovative thinking, their collab
AccountingDepartment
AUGUST 29, 2024
In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. Now that we understand the importance of KPIs, let's focus on the top 5 essential KPIs for e-commerce businesses.
CPA Practice
AUGUST 29, 2024
As more than 75% of Certified Public Accountants reached retirement age in 2019 and fewer recruits are entering the field due to demanding education and work experience requirements, the talent gap is widening—the U.S. is lacking 340,000 accountants alone. In response, Multiplier , the global employment platform, examined how U.S.-based companies are utilizing its Employer of Record (EOR) software to recruit accountants from international markets.
Speaker: Chandra McCormack, CPA, MBA, NACD.DC
Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.
Accounting Today
AUGUST 29, 2024
Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.
Patriot Software
AUGUST 29, 2024
Is HR software for small business worth the price? How can it help your business stay on top of HR tasks like compliance, reporting, and employee information management? These are common questions you might have before signing up for HR software.
Accounting Today
AUGUST 29, 2024
This year's selection of outstanding firm leaders fill multiple roles with aplomb
Insightful Accountant
AUGUST 29, 2024
Alee Cochrane of Sydney, Australia, and one of our Top 50 International ProAdvisors for 2024 is our featured ProAdvisor this week.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
AUGUST 29, 2024
The 2024 MP Elite share their strategies for solving accounting's current talent shortage.
Ronika Khanna CPA,CA
AUGUST 29, 2024
Transitioning from being a full time employee to small business ownership or self employment means that you need to cultivate self discipline. You can no longer rely on your employer to take care of business functions that do not relate to your job ,and must take a much more active role in ensuring that you remain on top of your obligations whether it is collecting payments from customers , paying bills or ensuring that you do not run afoul of Revenue Canada.
SkagitCountyTaxServices
AUGUST 29, 2024
I’m going to talk briefly here about something I’ve talked about before, but with new developments, you’ll want to know about: the Employee Retention Credit. (And then I’ll get on to a bookkeeping matter I hope every Skagit County business owner understands.) I banged this drum quite a bit in the start of the year because of the IRS’s crackdown and the withdrawal option they made available for anyone who falsely submitted a claim.
CPA Practice
AUGUST 29, 2024
CohnReznick LLP, one of the largest advisory, assurance, and tax firms in the United States, is relocating its Dallas, Texas office operations to The Star in Frisco, Texas. The move provides greater amenities to the growing team of approximately 75 employees currently working from the firm’s office on Dallas Parkway in Dallas. The new CohnReznick office will be located at 6635 Cowboys Way, Suite 130, Frisco, TX 75034.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
CTP
AUGUST 29, 2024
This tax season marks the highest property tax rates the nation has seen in five years. Homeowners are looking for every possible way to offset the costs, but they may not realize that one option is to appeal their property tax assessment. Residential property taxes are based on the assessed value of a property, which could be determined yearly or even less frequently depending on the locality.
Accounting Insight
AUGUST 29, 2024
WhatsApp etiquette and rules for WhatsApp group conversations can be surprisingly difficult to manage. However, the use of WhatsApp and WhatsApp Business has become completely commonplace both between employers, employees and between businesses and their clients. Therefore, it is more important than every to understand the do’s and don’t of WhatsApp communications for professionals.
Accounting Today
AUGUST 29, 2024
Sage's new generative AI Copilot solution, set for US release later this year, is meant to make powerful automation capacities more accessible.
Cherry Bekaert
AUGUST 29, 2024
This video will include a discussion about identifying, documenting and quantifying fraud, waste and abuse in governmental entities. Learning Objectives: Identify indicators of circumvention of internal controls Learn about prevalent areas for fraudulent transactions. Understand proper interview techniques. Questions? Contact Us The post Fraud, Waste and Abuse in the Governmental Sector appeared first on Cherry Bekaert.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
Withum
AUGUST 29, 2024
The current fate of FDII is unclear. Some lawmakers call for expansion; some, on the contrary, want it eliminated. However, without any further legislation, the deduction is set to go from 37.5%, as it is right now, to 21.875% in 2026. Under IRC Code 250, domestic corporations may deduct 37.5% of FDII (Foreign-Derived Intangible Income). This was put in place under the 2017 Tax Cuts and Jobs Act (“TCJA”) to incentivize U.S.
Cherry Bekaert
AUGUST 29, 2024
This video will cover the complexities of transfer pricing. This includes: Proper pricing method selection Documentation for multiple jurisdictions Operational and tactical aspects of transfer pricing (such as agreements, invoicing and indirect taxes) Penalties for incorrect documentation Resolving jurisdictional differences The impact of tax liabilities on non-compliant small and mid-size companies Our knowledgeable speakers will highlight how transfer pricing can benefit operational efficienci
Summit CPA
AUGUST 29, 2024
To recap our last blog post in our 4-part metrics series, the key to our clients’ business growth is profit-focused accounting. This accounting approach breaks down revenue into financial and non-financial drivers to help business owners and their financial staff to better understand cash flow. Because once you understand cash flow in and out, you can find the levers at your disposal to help you overcome obstacles and take advantage of business opportunities, ultimately helping you reach your bu
CPA Practice
AUGUST 29, 2024
Stampli has launched Stampli Cognitive AI and its first application in Purchase Order matching at SuiteWorld 2024. Stampli’s Cognitive AI represents a breakthrough in applying AI to financial processes. By combining LLMs with meticulously mapped business logic, it understands the nuanced context of financial operations and replicates human decision-making processes.
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
LSLCPAs
AUGUST 29, 2024
As a business owner, you might find yourself navigating through the financial reporting landscape, wondering which type of assurance is necessary for your financial statements: an audit, a review, or a compilation. Each of these services fulfills a different purpose and offers varying levels of assurance. Understanding the differences can help you make the right.
Accounting Insight
AUGUST 29, 2024
We caught up with Flo Powell ahead of her seminar at Accountex Summit Manchester. Flo is the co-owner and Joint Managing Director of award-winning B2B PR agency Midnight. How did you get into the profession? Like many of my peers in the wonderful world of public relations, my career journey has taken a few interesting turns. I started out in the travel industry and quickly progressed to Director level by the age of 24.
Withum
AUGUST 29, 2024
Sweeping changes to New Jersey’s Open Public Records Act may pose new challenges to investigators and the public alike when it comes to public record requests. On June 5, 2024, New Jersey Governor Phil Murphy (D) signed a controversial bill into law overhauling New Jersey’s existing Open Public Records Act (OPRA), the first changes made to OPRA since its passing over 20 years ago.
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