LSLCPAs
APRIL 4, 2024
The DOL Department of Labor has made some noteworthy changes to the financial statement audit requirement for retirement plans. The rules that began in calendar year 2023 become effective with your July 2024 reporting. Here was the main difference starting last year: The participant count will be based upon the number of participants who have account.
TaxConnex
APRIL 4, 2024
Economic nexus thresholds in many states depend on two numbers. Now, almost six years after the landmark Wayfair case ignited sales tax obligations for more remote sellers, one of those numbers might be falling out of favor. Since the Supreme Court’s decision in 2018, almost all states with economic nexus opted to have dollar volume of sales as one trigger for sales tax obligations.
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Accounting Today
APRIL 4, 2024
Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.
Going Concern
APRIL 4, 2024
The story I’m about to share with you is not directly related to the accounting profession however it’s just as relevant in this sector as any because of the principle at work: ‘AI’ isn’t always AI. In fact, it quite often isn’t. As we race toward a glorious future in which AI handles all the most boring accounting tasks and frees up professionals to do more critical thinking, let’s remember we’re living in Oz and have yet to meet the Wizard face-t
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Today
APRIL 4, 2024
Chief culprit; tag, you're it; trust them not; and other highlights of recent tax cases.
Insightful Accountant
APRIL 4, 2024
If you know Excel, the Flash Reports Excel Add-in streamlines the use of your QBO data for reporting, forecasting, multi-file consolidation, and more.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
APRIL 4, 2024
Contributor: David Mohimani, Manager, Energy Credits & Incentives Advisory Enacted in 2022, the Inflation Reduction Act (IRA) was developed to help create a cleaner environment and a more sustainable future for all individuals. The IRA created and expanded tax incentives for individuals who own or rent a home to invest in energy-saving home improvements.
Accounting Today
APRIL 4, 2024
The economic basics of supply and demand still rule the day: Your firm is worth what a buyer will pay.
Withum
APRIL 4, 2024
Defined Benefit Cash Balance Plans offer a powerful strategy for highly compensated physicians, allowing substantial annual contributions—often exceeding $150,000. Key features include tax-deductible contributions and suitability for small physician practices with consistent or growing cash flow. Additionally, they can be seamlessly combined with existing 401(k) plans, especially when employees are covered.Let’s look at a few illustrative examples.
Accounting Today
APRIL 4, 2024
With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
CPA Practice
APRIL 4, 2024
By Stephen Montemayor, Star Tribune (TNS) A federal grand jury this week indicted a 44-year-old Gustavus Adolphus College professor on a litany of fraud charges for allegedly embezzling more than $690,000 from a real estate company he helped manage. The indictment returned Tuesday accused James Anthony Kroger of Cottonwood, Minn. of embezzling money invested by a business partner into a company they set up to buy Texas properties sold at auctions due to unpaid taxes.
Accounting Today
APRIL 4, 2024
In assembling its security services team, Top 10 Firm RSM US takes an unconventional approach.
AccountingDepartment
APRIL 4, 2024
Outsourced accounting services play a crucial role in providing valuable assistance to business owners, CEOs, and entrepreneurs. With our extensive experience at AccountingDepartment.com, we have successfully tackled a myriad of challenges that businesses encounter in their accounting processes.
Accounting Today
APRIL 4, 2024
The accounting standard-setter named 11 experts to its reconstituted task force on Thursday.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Insightful Accountant
APRIL 4, 2024
QuickBooks newly launched Line-of-Credit brings greater access to capital for SMBs.
Accounting Today
APRIL 4, 2024
The blend of cutting-edge technology and the warmth of human connection is creating a whole new playing field for professionals
Withum
APRIL 4, 2024
Most clients have no way of knowing whether their tax preparer is good or not, whether the fees paid are worth it, or what value they can expect. Here is a case study that just occurred. Case Study The client was a married couple with both spouses earning approximately equal amounts around $150,000 each. One spouse had the maximum 401k deducted from their salary; the other had about $8,000 less than the maximum amount.
Accounting Today
APRIL 4, 2024
Filing and payment deadlines for taxpayers in designated areas have been pushed back.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Accounting Insight
APRIL 4, 2024
The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. But as the days get brighter, so too can your bookkeeping in the coming year. A new (tax) year encourages you to take a fresh look at your processes. What can I do this year to improve?
CPA Practice
APRIL 4, 2024
The number of accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, while the total value of settlements increased 11% year over year despite a decrease in the number of cases that were resolved, according to a new study from Cornerstone Research. While accounting case filings have increased each of the last three years, the number of cases filed remained below the historical average of 62.
Reckon
APRIL 4, 2024
Running a successful restaurant requires adept and skilled management of both front and back-of-house. It’s a tightrope you have to walk, but walk it you must to encourage repeat business and smiles on dials. The front of house, which includes everything from customer service to payment collection, plays an extremely pivotal role in shaping your customer’s experience.
CPA Practice
APRIL 4, 2024
Forty-eight hours after saying it was acquiring a Texas firm that specializes in government audits, top 15 accounting firm Crowe announced Thursday the addition of ITR Economics, a Manchester, NH-based economic research and intelligence firm. The transaction will enhance and expand Crowe’s strategic advisory capabilities, offering economic insights and analysis to complement its existing portfolio of traditional consulting and deal advisory services, the firm said in a news release.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Withum
APRIL 4, 2024
A video series focused on the everchanging world of E-Commerce. E-Commerce Practice Co-Lead, Lonnie Bloom explores the everchanging world of E-Commerce through the lens of various Founders and C-Level Executives. These engaging and insightful interviews not only give you an inside look at some of the most innovative companies in the industry but also shed light on the different strategies and tactics they utilize.
ThomsonReuters
APRIL 4, 2024
The pace of change experienced by today’s tax departments feels unprecedented. And, amid this transformation, tax departments are facing a host of challenges, including growing complexity, talent shortages, and financial constraints. Yet, as challenging as the rapid pace of change may be, it doesn’t relieve tax firms of the responsibility to prepare appropriately.
MineralTree
APRIL 4, 2024
Leveraging AP automation for a faster process The invoice approval process is a bottleneck for many AP teams. From manually inputting invoice data to chasing down approvers for signatures, a traditional paper-based approval process contains many time-consuming, manual steps that slow down payments and sap resources. No wonder getting payments authorized and released is finance professionals’ top pain point for their vendor payment process, according to MineralTree’s State of AP Report.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla, Bethan Evans and Alexandra Davies, discussing deemed consent. When a business is insolvent and its Directors decide to initiate a Creditors’ Voluntary Liquidation (CVL), they must first engage an insolvency practitioner and follow defined procedures.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Cherry Bekaert
APRIL 4, 2024
Listen to us for an insightful webinar where we explore two key energy tax credits: Section 45X Advanced Manufacturing Production Credit (Section 45X) and Section 48C Advanced Energy Project Credit (Section 48C). These energy tax credits offer substantial opportunities for businesses involved in industrial manufacturing, especially ones interested in investing in energy efficiency.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. Prepare for a transformative shift in the hospitality industry as new legislation is set to revolutionise tip handling from this summer. In this article, we explore the anticipated challenges for Hospitality and Leisure employers, with tips on how to prepare for the change. With insights into the pending Code of Practice and practical steps to take, this article is your guide to proactively adapting to the upcoming tipping landscape.
Cherry Bekaert
APRIL 4, 2024
Continuing the conversation on international tax planning strategies for both outbound and inbound companies, International Tax Services Managing Director Rajesh Tripathi and Tax Partner Chris Delcambre discuss the various considerations foreign parent companies need to make when establishing operations in the U.S. Inbound companies have both employee and entity type complexities associated with them and must be aware of several factors that could pose a risk if not properly addressed.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. We have all heard of Bitcoin – Some of us invest in it, some trade in it, and some ignore it entirely. A Bitcoin Halving Event effects all who are involved in Bitcoin. Read on to find out what a Halving Event is and how it might impact you. What is a bitcoin halving? A Bitcoin Halving event occurs when the reward for mining Bitcoin transactions is cut in half.
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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.
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