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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Finance financial statements bookkeeping accounted 67

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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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

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

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accounting firms Account accountant accounted 122

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.

Finance

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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general ledger accounts payable Technology accounting and finance 115

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

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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Account accountant accounted Tax 119

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

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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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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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.

Technology

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

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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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 88

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.

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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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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 accounted Account 82

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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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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Gambling Sports California Gaming 69

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.

Finance

Accounting Today

MARCH 22, 2024

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

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Tax 78

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 Account accounted accountant 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

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.

CPA

Accounting Today

MARCH 22, 2024

Chinese authorities are ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

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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

Accounting Today

MARCH 22, 2024

With the IRS continuing to launch promoter audits, it is important that anyone subject to such an audit consider a few strategic issues.

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audit Tax 53

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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Florida Tax accountant accounted 52

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

Spend Management

Accounting Today

MARCH 22, 2024

Markus Jooste allegedly took his own life after being notified of arrest warrants over an accounting scandal.

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accounted Account accountant 53

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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Account accounted accountant 52

Accounting Today

MARCH 22, 2024

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.

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accounted Account accountant 53

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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Tax tax preparation CPA audit 52

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