SMBAccountant

MARCH 6, 2024

Accounting operates within its own language, a system of terms and conventions that serve as the backbone of financial communication and analysis. Understanding this unique language is essential for interpreting financial data, making informed decisions, and effectively navigating the intricate world of business finance. Cash vs. Accrual Accounting Cash accounting records transactions only when cash changes hands, providing a real-time view of cash flow.

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accrual accounting accounts payable Account accounted 130

Accounting Today

MARCH 6, 2024

Watch the explosion in the number of CPA firms bringing in over $1 billion in revenue that has occurred in the 21st century.

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cpa firm CPA 137

CPA Practice

MARCH 6, 2024

Home shoppers today need to make more than $106,000 to comfortably afford a home, a new Zillow analysis finds. That is 80% more than in January 2020, showing how the math has changed for hopeful buyers, who are more often partnering with friends and family or “house hacking” their way to homeownership. In 2020, a household earning $59,000 annually could comfortably afford the monthly mortgage on a typical U.S. home, spending no more than 30% of its income with a 10% down payment.

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Oklahoma Kansas New York Virginia 111

Accounting Today

MARCH 6, 2024

A divided Securities and Exchange Commission voted to approve a new rule that would require companies to provide climate-related disclosures to investors, but scaled back the original proposal to exclude disclosure of so-called Scope 3 emissions from their supply chains, and exempt many smaller companies.

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accountant accounted Account 132

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

Going Concern

MARCH 6, 2024

FT got a hell of a scoop this week, reporting that three senior partners at PwC US — one of whom was up to replace current top dog Tim Ryan when he exits this summer — have been stripped of their management roles after they committed “significant violations” of PwC’s leadership election rules. Neil Dhar, who had been considered a frontrunner to replace Tim Ryan as US senior partner, was removed as a candidate in December and dropped from his role as co-leader of the

Gaming 110

Gaming Government Tax 110

Accounting Today

MARCH 6, 2024

The IRS has released two new sets of regs and guidance on different credits.

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Manufacturing Tax 122

Accounting Today

MARCH 6, 2024

An analysis by the Washington Post found the generative AI chatbots from both companies can give tragically wrong tax answers.

Tax 119

Tax Washington Technology tax planning 119

CPA Practice

MARCH 6, 2024

As of Feb. 24, 943,000 taxpayers had filed returns this tax season through Free File , a 9.7% increase from last year’s comparable period when 860,000 tax returns were filed, the IRS reported on Friday. The increase in Free File usage comes as the IRS released new data on how the 2024 filing season is progressing. Through Feb. 24 , the IRS had delivered more than 28.9 million refunds to taxpayers worth $92.9 billion.

Tax 105

Tax tax preparation tax return Start-ups 105

Accounting Today

MARCH 6, 2024

Experts believe this guidance will spur more institutions to embrace digital assets, as the rules for proper accounting are more clear-cut.

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accounted Account accountant accounting standards 116

Cherry Bekaert

MARCH 6, 2024

An Enterprise Resource Planning (ERP) system functions as the backbone of a company’s business practices and integrates and automates many internal processes and information systems across an organization. In our February 2024 article, Revolutionize ERP with Artificial Intelligence , we explored the evolution of ERP systems, how AI is augmenting the overall effectiveness and performance of these systems, and the various ways AI-enabled ERP systems are achieving strategic objectives across

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Technology Government fund accounting Start-ups 102

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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

Patriot Software

MARCH 6, 2024

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses.

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Alabama Tax income tax payroll tax 96

GrowthForceBlog

MARCH 6, 2024

8 min read You can be the marketer and have the top marketing talent working for your agency, but if you don't have a financial strategy in place, then you aren't likely to be financially successful. Key Takeaways Have a Plan for Measuring and Tracking Progress: SMART goals must be measurable, and this means that you need to have systems in place that facilitate the measurement of your progress.

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accountant accounted Account 93

ThomsonReuters

MARCH 6, 2024

Finding ways for people to work smarter is a key goal of many organizations today. In the corporate tax space, just as the regulatory compliance landscape becomes more challenging and reporting requirements become more demanding, technology is advancing rapidly to crunch vast amounts of data in no time and streamline labor-intensive processes. AI in tax compliance is a top priority Artificial intelligence (AI) is a game changer for improving efficiency, cited as the top priority of tax and accou

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Tax corporation tax Technology auditor 88

AccountingDepartment

MARCH 6, 2024

Job costing is a vital tool in the small business owner's kit, especially for those operating in the service industry, construction, and manufacturing.

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quickbooks Construction Manufacturing Technology 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.

payroll

KROST

MARCH 6, 2024

The KROST M&A and Capital Markets team specializes in delivering comprehensive advisory services to shareholders who are considering either (a) the sale or partial divestiture of their company, (b) acquiring complementary businesses, (c) securing growth equity for organic expansion or acquisitions, and/or (d) managing debt financing and refinancing.

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Finance Sales Tax 83

Accounting Today

MARCH 6, 2024

Short-term thinking by auditors may surrender strategic high ground to outside challengers.

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audit auditor Technology 78

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Before the 2024 budget we set out a few areas we felt would benefit from Chancellor, Jeremy Hunt’s attention. An acceleration of open finance plans Help for green investment by attacking the high costs associated with these funds News on the ‘British Pound’ as a sign that crypto continues to be treated as an opportunity in the UK £5,000 UK ISA Allowance Unfortunately we didn’t hear anything in these areas, but the announcement of an additional

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chartered accountant accounting and finance accounting firms Government 69

Accounting Today

MARCH 6, 2024

The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement.

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accountant accounted Account 75

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

Basis 365

MARCH 6, 2024

Numbers are the core of any business, but at Basis 365 Accounting, we know that successful businesses are built by people. That's why our outsourced accounting and bookkeeping services go beyond simply crunching data. We understand that a "strong" business rests on a solid financial foundation, driven by efficient processes, accurate data, and a deep understanding of where the business stands financially as well as in the mind of the business owner.

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bookkeeping accounting and finance bookkeeping services Technology 65

Accounting Today

MARCH 6, 2024

Rachel Fisch, recently named the general manager for Dext in North America, said the company plans to expand its footprint in this market.

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Technology 75

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Investment and funding for tech companies The Chancellor has reversed the thresholds to qualify as a high-net-worth individual, reinstating the £100k income threshold (from £170k). The higher thresholds were criticized as it was predicted that it would freeze out a number of angel investors, who would typically support a wide range of small businesses.

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Technology chartered accountant Government accounting and finance 64

Accounting Today

MARCH 6, 2024

The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.

Tax 72

Tax Florida 72

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

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. The Spring Budget included little in the way of tax announcements that directly impact the manufacturing sector, but the focus on productivity and commitments to advanced manufacturing and life sciences are positive statements as the UK seeks to drive its international competitiveness, although the extent to which the non-domicile changes will detract from this when attracting international talent is difficult to assess at this stage. £4.5bn to

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Manufacturing chartered accountant Education accounting firms 64

Accounting Today

MARCH 6, 2024

The service-providing sector added 110,000 jobs for the month, including 5,000 in professional and business services such as accounting and tax preparation.

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tax preparation Tax accounted Account 72

CPA Practice

MARCH 6, 2024

A new rule approved by the Securities and Exchange Commission (SEC) on Wednesday that will require some public companies to report their greenhouse gas emissions and climate risks “brings much-needed clarity for businesses and investors on climate-related information and the reporting disclosures required of U.S. companies,” said an official from the AICPA and CIMA.

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cpas financial statements public accounting management accounting 64

Menzies

MARCH 6, 2024

Menzies LLP - A leading chartered accountancy firm. Furnished holiday letting regime to be scrapped The biggest headline grabbing announcement from the Spring Budget as far as the property sector is concerned is the scrapping of the Furnished Holiday Lettings (FHL) regime. The FHL regime has been around for years and provides individuals and companies who hire out furnished properties as holiday lets with various tax advantages.

Construction 64

Construction chartered accountant Tax Government 64

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

CPA Practice

MARCH 6, 2024

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Provides Recommendations Regarding Donor Advised Funds Regulations The AICPA submitted a letter to the Department of Treasury and the Internal Revenue Service (IRS) recently, asking both agencies to consider several important recommendations before finalizing the regulations that deal with Donor Advised Funds (DAF).

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cpas Tax financial accounting accountant 64

Withum

MARCH 6, 2024

American manufacturers find themselves at a crossroad. Escalating trade tensions between the United States, China and other restricted countries have created an environment of uncertainty – prompting many businesses to reconsider their supply chain strategies. Reduced costs are no longer a singular factor to consider, which opens decision-making to a more complex formula.

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Manufacturing Technology Gaming 59

CPA Practice

MARCH 6, 2024

Private sector employment increased by 140,000 jobs in February and annual pay was up 5.1 percent year-over-year, according to the February ADP National Employment Report produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

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payroll Hospitality Construction Transportation 64

Withum

MARCH 6, 2024

Let’s jump on the AI train too, but let’s do it with some tangible functionality to discuss why Microsoft Dynamics is really leading the way in actually embedding Artificial Intelligence (AI) into their core Business Application solutions. We’ve all heard about ChatGPT, and now Microsoft Copilot. It’s great to get an article draft, a meeting agenda, or a question answered.

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Sales 59

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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.