GrowthForceBlog

MARCH 22, 2024

7 min read Most business leaders are familiar with their year-end financial closing process because it's closely associated with tax reporting. Key Takeaways What Is a Month-End Close: A month-end close is a set of bookkeeping and accounting tasks that are performed at the end of each month in a business to close out the month-long accounting period… Prepare Your Financial Statements: Your business's basic financial statements are the primary deliverables generated during the month-end close.

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Accounting Today

MARCH 22, 2024

KPMG Digital Gateway adds gen AI capacities; Chime now offers in-app tax filing; Financial Cents new ReCats tackles uncategorized client transactions; and other accounting tech news

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Technology Tax accountant Account 128

CPA Practice

MARCH 22, 2024

The IRS said on Friday that it will likely end its moratorium on processing new employee retention credit (ERC) claims later this spring. In a news release, the IRS said: A specific [ERC processing] resumption date hasn’t been determined but, at this point, the IRS anticipates it will be sometime in the late spring. This pause will help the IRS review the ERC inventory with strong, new measures of scrutiny in place.

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audit Tax 119

Accounting Today

MARCH 22, 2024

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report.

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tax return Tax 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.

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Cherry Bekaert

MARCH 22, 2024

Succeeding in today’s business environment requires agility and rapidly adapting to change. For finance leadership and teams, this requires constantly analyzing, reforecasting, rethinking new data, and determining new approaches to drive business. No matter your industry, organizations must automate and streamline core financial management functions.

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Accounting Today

MARCH 22, 2024

The Internal Revenue Service's efforts to halt fraudulent claims for the Employee Retention Credit have protected more than $1 billion since the IRS instituted a processing moratorium.

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Tax 116

Accounting Today

MARCH 22, 2024

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

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Withum

MARCH 22, 2024

Withum is proud to share that three team members have been named on ROI-NJ’s Influencers: Women in Business List. Carleen Gaskin , Jessica Hollobaugh and Nicole Lyons of the Forensic and Valuation Services Team were all named by the New Jersey business publication on their annual Influencers list. The Women in Business Category celebrates female business leaders across industries who excel in their roles and serve as leaders and mentors for the next generation.

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forensic accounting New Jersey Healthcare New York 105

Going Concern

MARCH 22, 2024

With Janet Truncale heading out of EY’s Financial Services Organization (FSO) and into the big seat as EY Global Chair and CEO when Carmine Di Sibio steps down on July 1 , someone’s got to fill her shoes. And the winner is…Americas FSO Tax Managing Partner Shawn Smith. A quick stalk of his LinkedIn tells us Smith has been at EY since he graduated from Clemson in 1991 and has been climbing ladders ever since.

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Tax Technology 104

Accounting Today

MARCH 22, 2024

Dan Rotta, 77, was charged in Miami with hiding assets from the IRS in two dozen secret Swiss accounts between 1985 and 2020.

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accountant Account accounted Tax 119

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.

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DMCL

MARCH 22, 2024

Congratulations to Senior Manager, Christina Chi , for being chosen as a 2024 Moore North America Emerging Leader Award winner! Christina is one of five recipients of this year’s award, selected from across the Moore North America network of firms. The award acknowledges her contributions to Moore, DMCL, the local community, and the accounting profession as a whole.

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Entertainment accountant Account accounted 98

Accounting Today

MARCH 22, 2024

PBMares establishes new risk advisory consulting practice; Weaver adds a tax partner; and more news from across the profession.

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Texas Tax 115

Randal DeHart

MARCH 22, 2024

As a construction company owner, you're the architect of your business's vision and culture. But some of the foundation often needs to catch up in the hustle to improve services, chase sales, and keep the lights on. Core values—those guiding principles that shape your company's identity—are more than words on a wall or a statement in a handbook. Getting leads and doing the work is only part of the answer.

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Construction Sales 91

Accounting Today

MARCH 22, 2024

An unlikely pair of lawmakers is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.

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Tax corporation tax 116

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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.

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SkagitCountyTaxServices

MARCH 22, 2024

Well, since we’re in full deja vu mode right now with the presidential election bid and this year’s Super Bowl outcome… let’s talk about the Employee Retention Credit… again. Because this week is the deadline for withdrawing ineligible claims — March 22. That’s FRIDAY. If you claimed and received the ERC, but were ineligible and need to repay it, you can go to the Voluntary Disclosure Program page and see if you can do that… and how to do it.

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Start-ups CPA accountant Account 78

Accounting Today

MARCH 22, 2024

As accounting leaders use technology to increase efficiency and reduce workloads, they're finding further benefits in the form of improved accuracy and quality.

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Technology accountant Account accounted 98

CPA Practice

MARCH 22, 2024

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. The Associated Press reported on March 21 that interpreter Ippei Mizuhara and his alleged bookmaker Mathew Bowyer are under criminal investigation through the IRS’s Los Angeles Field Office.

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Accounting Today

MARCH 22, 2024

A new Hinge study details the marketing tactics of high-growth accounting firms.

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accounting firms accountant Account accounted 122

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

CPA Practice

MARCH 22, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss and review FedNow , a new instant payment infrastructure developed by the Federal Reserve that allows eligible depository institutions of different sizes across the U.S. to provide instant payment services. Use the video player below to watch, or the podcast player below to listen to the podcast. == Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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Technology accountant Account accounted 64

Withum

MARCH 22, 2024

Most people are aware that we are in tax filing season with individual returns due April 15th (or April 17th for those living in Maine and Massachusetts). Extensions are permitted that will postpone the due date, but the payments cannot be extended and balances due and the first quarter estimated taxes, if required, must be paid by the original due date of April 15 th or 17 th.

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tax preparation Tax cpas Massachusetts 59

CPA Practice

MARCH 22, 2024

By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year. “Tax compliance is a high growth industry,” Avalara’s chief revenue officer, Kimberly Deobald, said in an interview Wednesday.

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North Carolina E-commerce Technology Tax 59

Accounting Today

MARCH 22, 2024

Notice 2024-30 expands rules for determining an "energy community," among other things.

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Tax 78

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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.

Patriot Software

MARCH 22, 2024

Florida’s beautiful beaches, booming economy, and status as a tax-friendly state make it an attractive spot for entrepreneurs. The Sunshine State even claimed the title of the third-best state to start a business in 2024. Of the 3.5 million business entities in Florida, almost 2.5 million are limited liability companies (LLCs).

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Canopy Accounting

MARCH 22, 2024

In accounting, efficiency isn't just a goal — it's a necessity. Thankfully, accounting templates offer a bridge to this efficiency, providing a foundation for standardization, consistency, and clarity that empowers firms to deliver superior service while saving hours of time and managing resources effectively.

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accountant Account accounted 52

Nancy McClelland, LLC

MARCH 22, 2024

The IRS is offering an amazing deal to those who either fraudulently or mistakenly claimed Employee Retention Credits (ERC) to which they weren’t entitled. If a taxpayer claimed and received ERC funds, and for whatever reason now realizes that they may not actually have qualified (either for a particular period or for the whole thing) — they can return 80% of the money to the IRS and call it a day.

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Menzies

MARCH 22, 2024

Menzies LLP - A leading chartered accountancy firm. This new law which is expected to come into force in September 2024 gives workers the right to request more predictable hours, not a right to have them changed. Details will be contained in separate regulations, and ACAS has published a draft Code of Practice which will be finalised following a consultation period.

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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.

Anders CPA

MARCH 22, 2024

Welcome to the 1st episode of the CannaBiz Success Show! In this inaugural episode, Guillermo welcomes Pat Helmers , an advocate for the cannabis industry and founder of Habanero Media. Pat discusses the power of podcasting for cannabis businesses and the benefits of interview-based podcasting. The conversation also covers current challenges and opportunities within the cannabis industry.

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Non-Profits Texas CPA Retail 52

Menzies

MARCH 22, 2024

Menzies LLP - A leading chartered accountancy firm. Changes from 1 January 2024 Any worker may carry over: Up to 8 days of leave into the next year with agreement with the employer. Additional allowances are dependent on the employer’s terms. Up to 28 days of leave into the next year for untaken statutory leave which is due to maternity or other family-related leave.

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chartered accountant Legal accounting firms Government 52

CPA Practice

MARCH 22, 2024

There are a lot of options for health insurance, but only one has the advantage of being available right inside QuickBooks Online Payroll ? We know that the more you can advise your clients on how to improve their businesses, the more they will trust you and your guidance. For many reasons, health insurance stands out as one of the most crucial benefits a company can offer.

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quickbooks payroll Healthcare Tax 53

Menzies

MARCH 22, 2024

Menzies LLP - A leading chartered accountancy firm. This is a new law that was passed in October 2023 and likely to become effective in October 2024. It is likely that an incoming Labour government would tighten it up further, so it is a good idea to review your approach now, in readiness for the change. It represents a significant change to the law on an employer’s obligations to protect employees from sexual harassment.

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chartered accountant Legal accounting firms Government 52

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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.