Withum
FEBRUARY 15, 2024
Tax loss harvesting is an income tax planning strategy that involves selling investments at a loss with the intent to offset capital gain income. This strategy is beneficial to taxpayers who have large capital gain income and are seeking ways to lower their related income tax liability. It is important to note that any tax harvesting must be implemented prior to the end of the applicable tax year, which is December 31 st for individual taxpayers.
Accounting Today
FEBRUARY 15, 2024
Whether they're enthusiastic or terrified, tax practitioners are anything but indifferent to the rise of artificial intelligence.
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Going Concern
FEBRUARY 15, 2024
The 150-hour rule debate rages on, hope you’re not sick of talking about it. INSIDE Public Accounting has shared key takeaways from a recent survey of 1,060 members of the New Jersey Society of CPAs (NJCPA) that aimed to get members’ view on the 150-hour rule. Those takeaways are: More than 40% of those surveyed said that new hires working in accounting-related roles who had not completed 150 credit hours “rarely” or “never” pursue CPA certification.
Accounting Today
FEBRUARY 15, 2024
New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
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.
Anders CPA
FEBRUARY 15, 2024
Anders has been recognized by USA Today as a Most Recommended Tax & Accounting Firm for 2024. When tax season arrives, finding a tax or accounting firm that fills your business’s needs is vital to ensure necessary documents are filed correctly and on time. USA Today, in cooperation with independent market research institute and statistics platform Statista, unveiled the two titles for the first time.
Accounting Today
FEBRUARY 15, 2024
The existing guidance directs public companies, including banks, to count crypto they custody as liabilities on their corporate balance sheets.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 15, 2024
A Top Technology Initiative Aritcle – Feb. 2024. In the fall, accounting software makers including Wolters Kluwer, Thomson Reuters, and Intuit all had their conferences. Every event included AI. Many publishers of accounting software hold their events in the early part of the year, typically as sales kick-off meetings and to announce new features. We’ve been lucky to be invited to the AICPA AI in Accountancy Symposium, the Acumatica Summit in Las Vegas , the Oracle NetSuite Influencers’ Conferen
ThomsonReuters
FEBRUARY 15, 2024
Jump to: Enabling the growth opportunity Tax planning with AI AI presents no shortage of opportunities. In a way, tax and accounting professionals can attain their goals with artificial intelligence. For accounting professionals, there is a shift in the industry to providing more advisory services to clients. AI can help facilitate this transition through multiple internal and external efficiencies.
Accounting Today
FEBRUARY 15, 2024
A recent survey from Ernst and Young has found that people are both excited and fearful of AI in roughly equal measure.
Insightful Accountant
FEBRUARY 15, 2024
Clockwork is a financial analytics and planning app that works with QuickBooks Online, Xero and QuickBooks Desktop. If you need more financial metrics and forecasting than your General Ledger can provide, check out this article.
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.
CPA Practice
FEBRUARY 15, 2024
The IRS released a slew of early tax season 2024 stats last week, calling it “a strong start to filing season 2024, with all systems running well.” The tax agency seems pleased with how everything is going thus far, despite a 19% decrease in total returns received, a nearly 17% decrease in total returns processed, and the total number of refunds down 67% as of Feb. 2 compared to Feb. 3 of last year.
Accounting Today
FEBRUARY 15, 2024
With so many options on the table, firms need advice on what to do if they want to remain independent.
AccountingDepartment
FEBRUARY 15, 2024
For a business, becoming a government contractor can open doors to a sea of lucrative opportunities – but these waters run deep with regulations, especially those set by the Defense Contract Audit Agency (DCAA). A critical cog in the machinery that is the U.S. Department of Defense (DoD), DCAA ensures that taxpayer dollars are used efficiently and effectively in the acquisition of defense-related goods and services.
Accounting Today
FEBRUARY 15, 2024
Not a lot of Latitude; the cupboards are bare; lots of energy; and other highlights of recent tax cases.
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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.
CPA Practice
FEBRUARY 15, 2024
In a letter sent to leadership of the Senate Banking Committee and the House Financial Services Committee, the American Institute of CPAs expressed serious concerns with the Financial Crimes Enforcement Network Beneficial Ownership Information reporting requirement which went into effect on January 1, 2024. Despite the AICPA’s extensive efforts, in coordination with many other stakeholders, to inform small businesses of their new obligations concerning BOI reporting, many remain broadly unaware
Accounting Today
FEBRUARY 15, 2024
Some Taxpayer Assistance Centers will be open on Feb. 24, March 16, April 13 and May 18.
MineralTree
FEBRUARY 15, 2024
Is your accounts payable (AP) check run holding your business back? The AP check run remains a pain point for many finance departments who rely on manual processes and outdated solutions to manage AP — in turn, causing check run delays and hiccups. This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes.
Accounting Today
FEBRUARY 15, 2024
The IRS is pushing back filing and payment deadlines for those impacted in the Great Lake State.
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
CPA Practice
FEBRUARY 15, 2024
Data released by the U.S. Census Bureau shows that retail sales cooled in January but that households continued to spend, National Retail Federation Chief Economist Jack Kleinhenz said. “Retail sales softened in January compared with the holiday season, but consumers were still engaged,” Kleinhenz said. “Extreme weather likely disrupted product demand and consumption patterns.
Accounting Today
FEBRUARY 15, 2024
Due to technical issues, some batches may need to be resubmitted to IVES.
CPA Practice
FEBRUARY 15, 2024
The employee retention credit program has become a huge headache—for small business owners, the IRS, and for tax professionals. The ERC program started out with good intentions. The refundable tax credit, which was authorized by the $2.2 trillion coronavirus package known as the Cares Act, aimed to motivate employers to keep workers on staff during the early days of the pandemic as unemployment rates sharply increased.
Accounting Today
FEBRUARY 15, 2024
But the more you automate, the more human you have to be.
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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.
GrowthForceBlog
FEBRUARY 15, 2024
8 min read Accounting software is an essential tool in business operations. It improves accuracy, efficiency, and security through automation. Plus, it's a powerful management accounting tool, providing reliable financial and management reports with up-to-date financial data designed to support data-driven decision-making.
Accounting Today
FEBRUARY 15, 2024
Helping clients comply with the Corporate Transparency Act's reporting requirements represents an opportunity for accountants.
Going Concern
FEBRUARY 15, 2024
Ding dong, the Credit Suisse shareholder lawsuit against KPMG is dead. 11 people at KPMG are celebrating today as the firm, them, and 29 people who worked at Credit Suisse will not be headed to the town pillory for misconduct related to the bank going down in flames last year. Dozens of former Credit Suisse officials and the auditor KPMG won the dismissal of a U.S. shareholder lawsuit claiming they allowed 20 years of “continuous mismanagement” that led to the Swiss bank’s demi
CPA Practice
FEBRUARY 15, 2024
Xero has joined a three-year partnership with the accounting firm Mazars , with the firm being awarded Xero Global Partner status. The firm’s clients will have greater collaboration with their advisors and insights across the Mazars network, combined with the benefit of real-time financial data through Xero’s cloud accounting solutions. Mazars is an international audit, tax and advisory firm operating in more than 100 countries and territories.
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.
Menzies
FEBRUARY 15, 2024
Menzies LLP - A leading chartered accountancy firm. Large businesses are increasingly incorporating Environmental, Social, and Governance (ESG) considerations into their procurement processes, and tender documents are a key tool for assessing potential suppliers’ ESG performance and commitment. This is challenging SMEs who don’t yet have all the answers!
Accounting Today
FEBRUARY 15, 2024
Ten tax stories from the past year that may make you raise an eyebrow.
Insightful Accountant
FEBRUARY 15, 2024
MODEX, the largest manufacturing and supply trade event is being held in Atlanta starting March 11th. More than 1175 suppliers will be presenting the future of supply chain, warehousing, distribution and manufacturing technology.
CPA Practice
FEBRUARY 15, 2024
U.S. business leaders involved in managing digital assets like digital currencies, digital securities, and stablecoins expect digital asset risks to increase and the regulatory environment to become more complex in 2024, according to a recent Deloitte poll. Related investments at most organizations are expected to remain flat. Looking at the next 12 months, nearly one-quarter (24.7%) of respondents believe that the number and size of digital asset risks their organizations must manage will incre
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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.
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