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
This year's selection of outstanding firm leaders fill multiple roles with aplomb
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: 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.
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
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
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.
Accounting Today
AUGUST 29, 2024
Close personal relationships; home is where the scam is; tort trouble; and other highlights of recent tax cases.
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
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.
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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.
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.
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.
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.
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
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.
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.
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.
Accounting Today
AUGUST 29, 2024
The Top 20 Firm reported $590 million net revenue in FY 2024.
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.
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.
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.
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.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
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.
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.
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
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.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
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
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.
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