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: 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
APRIL 4, 2024
Chief culprit; tag, you're it; trust them not; and other highlights of recent tax cases.
Going Concern
APRIL 4, 2024
The better headline here is Teams and Office 365 are breaking up but someone already used it. Perhaps you’ve heard Microsoft has been getting hounded by the Europeans about possible antitrust violations in recent years, old hat to the company that was investigated by the Federal Trade Commission in the 90s for their stranglehold on the burgeoning home PC market and in court fighting the Department of Justice back in 2001 for trying to force us all to use Internet Explorer.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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.
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
With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.
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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.
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
In assembling its security services team, Top 10 Firm RSM US takes an unconventional approach.
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
The accounting standard-setter named 11 experts to its reconstituted task force on Thursday.
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
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 blend of cutting-edge technology and the warmth of human connection is creating a whole new playing field for professionals
Insightful Accountant
APRIL 4, 2024
QuickBooks newly launched Line-of-Credit brings greater access to capital for SMBs.
Accounting Today
APRIL 4, 2024
Filing and payment deadlines for taxpayers in designated areas have been pushed back.
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.
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 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.
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 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.
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.
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
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.
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.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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