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: 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.
CPA Practice
AUGUST 29, 2024
Like a Social Security number, an Employer Identification Number (EIN) is a unique number assigned by the IRS to identify a business entity. However, unlike Social Security numbers, which stay with an individual for life, there are circumstances in which a business may need to get a new EIN. But first, the basics: An EIN is a Taxpayer Identification Number (TIN) assigned to a business entity.
Going Concern
AUGUST 29, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years bu
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
Accounting Today
AUGUST 29, 2024
Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.
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.
Accounting Today
AUGUST 29, 2024
This year's selection of outstanding firm leaders fill multiple roles with aplomb
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.
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
Accounting Today
AUGUST 29, 2024
The 2024 MP Elite share their strategies for solving accounting's current talent shortage.
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.
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.
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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.
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.
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.
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.
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
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.
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
The company was hit with a $24 million penalty as a result of an accounting scheme designed to inflate earnings.
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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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
AUGUST 29, 2024
As the year draws to a close, you find yourself in a unique position to capitalize on the urgency that accompanies year-end financial deadlines. Whether it’s tax planning, financial reporting, compliance, or closing the books, your clients need your expertise more than ever. This presents a perfect opportunity to ramp up your accounting firm’s marketing efforts.
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
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.
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
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
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.
Accounting Today
AUGUST 29, 2024
Members of Accounting Today's Managing Partner Elite are investing in artificial intelligence for efficiency — but they're cautious about it.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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