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: 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.
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
But the more you automate, the more human you have to be.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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
Accounting Today
FEBRUARY 15, 2024
Not a lot of Latitude; the cupboards are bare; lots of energy; and other highlights of recent tax cases.
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.
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.
Accounting Today
FEBRUARY 15, 2024
Due to technical issues, some batches may need to be resubmitted to IVES.
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.
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.
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.
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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.
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.
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
Some Taxpayer Assistance Centers will be open on Feb. 24, March 16, April 13 and May 18.
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
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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 Today
FEBRUARY 15, 2024
The IRS is pushing back filing and payment deadlines for those impacted in the Great Lake State.
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
Ten tax stories from the past year that may make you raise an eyebrow.
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.
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.
Accounting Today
FEBRUARY 15, 2024
Helping clients comply with the Corporate Transparency Act's reporting requirements represents an opportunity for accountants.
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.
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.
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
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?
Accounting Today
FEBRUARY 15, 2024
Not a lot of Latitude; the cupboards are bare; lots of energy; and other highlights of recent tax cases.
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.
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!
Summit CPA
FEBRUARY 15, 2024
Summit Virtual CFO by Anders Remote Employee Spotlight for February 2024: Kaden Cook, Virtual CFO Senior Advisor at Summit Virtual CFO by Anders.
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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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