Accounting Today

MARCH 25, 2024

Growing a firm is difficult, but not growing it could be more difficult.

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Anders CPA

MARCH 25, 2024

Cash flow management is a lot like a road trip: If you want to know the answer to, ‘Are we there yet?’ you need to start with a destination in mind. In cash flow management , we call that a target, and it generally needs to be somewhere between 10-30% of annual revenue, depending on the size and type of your law practice and the length of your cash cycle.

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Accounting Today

MARCH 25, 2024

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, "Return of Partnership Income," and ways to avoid them.

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Going Concern

MARCH 25, 2024

Hey. Hope everyone is well and ready to tackle another week. I’m in gardening mode so I’ll be unusually happy for at least the short-term until my petunias start dying off or something. Now’s the time to ask me for favors. I might even answer some of the millions of idiotic press releases I get in my inbox. ICYMI: Last weekend’s discussion item: Does leadership even know what gen AI is?

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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.

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Accounting Today

MARCH 25, 2024

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

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Insightful Accountant

MARCH 25, 2024

The changing landscape in the tax industry means firms are facing changes at a faster pace than ever. In addition to rapid technology changes, staffing challenges are prevalent and clients are demanding more value-added services than ever.

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Cherry Bekaert

MARCH 25, 2024

The American Rescue Plan Act (ARPA) was enabled on March 11, 2021. Shortly after the act was signed into law, the State and Local Fiscal Recovery Fund (SLFRF) program was created to provide state and local governments with the rules and regulations related to the funding. In November 2023, the U.S. Treasury released the Obligation Interim Final Rule (IFR) to aid state and local governments in compliance with the ARPA obligations requirements.

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Accounting Today

MARCH 25, 2024

Bob Lewis and Doug Lewis of the Visionary Group dive into how best to navigate the generational shifts in approach to a host of issues in accounting.

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CPA Practice

MARCH 25, 2024

By John Graziano, CPA, PFS, CFP®. Landing a new client is exciting for any firm, but before solidifying your working relationship, it’s important to go through the onboarding process. Onboarding is a simple and effective way to ensure everyone understands how the relationship will work and what will be expected of each party. Taking the time to plan and optimize your onboarding will improve efficiency and client satisfaction.

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LSLCPAs

MARCH 25, 2024

The California Enterprise Zone Tax Credit program ended in 2013 with the dissolution of Enterprise Zones. Two things happened as a result of the dissolution: Any employees hired and equipment purchased after December 31, 2013, would not qualify for the tax credit. The carryover period for tax credits that had been for an unlimited number. The post The California Enterprise Zone Tax Credit Will Disappear in 2024 appeared first on LSL CPAs.

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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.

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CPA Practice

MARCH 25, 2024

By Samuel Stolton. Bloomberg News (via TNS). Apple Inc., Alphabet Inc.’s Google and Meta Platforms Inc. face the risk of potentially hefty fines as the European Union opened a full-blown investigation into the firms’ compliance with strict new laws reining in the power of Big Tech. The European Commission said Monday that Apple and Google’s app store rules will be targeted in the first probes under the bloc’s Digital Markets Act, how Google search results might unfairly preference its own servic

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Accounting Seed

MARCH 25, 2024

Salesforce World Tour events bring Salesforce users, partners, customers, and the surrounding community together for a day filled with innovation, transformative learning, and inspiring conversations around today’s business challenges. Whether you’re currently using Salesforce for CRM or exploring the possibility of moving onto the platform, the Salesforce World Tour New York is the event.

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CPA Practice

MARCH 25, 2024

Depositors expect their needs for safety and values to align when choosing a banking partner in the wake of 2023’s bank failures and a resurgent focus on corporate responsibility. That’s according to the first annual Depositor Priorities Survey report, commissioned by Ampersand Inc. , a financial services firm revolutionizing deposit management. The full survey results, based on responses from leading executives and senior managers across industries involved in deposit administration, can be fou

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Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. If you don’t declare or don’t pay the tax you owe to HMRC, it’s likely you will receive significant penalties and in some cases be criminally prosecuted. But did you know that HMRC can publish your details, or enter you into a programme to monitor your affairs more closely if HMRC consider you to be a serious tax defaulter?

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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.

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Accounting Today

MARCH 25, 2024

The Internal Revenue Service has updated its whistleblower award form for tipping off the IRS about tax violations and applying for a monetary reward for the information.

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Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC has recently changed the time limit on the reporting for new EMI notifications granted from 6 April 2024. Under the new legislation, the deadline to report the grant of new EMI share options is now 6 July following the end of the tax year in which they were granted. Therefore, any EMI share options granted between 6 April 2024 and 5 April 2025 must electronically notify to HMRC by 6 July 2025.

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CPA Practice

MARCH 25, 2024

Celebrating its 100 th birthday in 2023, the Arizona Society of CPAs works to create opportunities for its members, while working to promote the interests of Arizona CPAs with governments and regulatory agencies and organizations. [ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S. ] The ASCPAs mission is to create professional opportunities for members and prospec

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Withum

MARCH 25, 2024

When you’re responsible for a global business with both suppliers and customers thousands of miles away, you may stay up some nights thinking about major unpredictable disasters and disruptions that could put your supply chain at risk. If you don’t have contingency plans in place for even seemingly mundane events, the business consequences could be enormous.

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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

Sales

CPA Practice

MARCH 25, 2024

Companies in the US finance and insurance sector have increased their R&D investment by 70.4% compared to the previous year, according to the latest annual data. The second highest increase of all sectors in the US. In the latest year, companies in the sector invested a total of $20.9 billion on R&D, up from $12.3 billion the previous year. The level of increased investment is nearly seven times higher than the US average.

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Finance accounting and finance Tax Technology 52

FraudFiles

MARCH 25, 2024

What kind of work can a forensic accountant do in divorce cases? Tracy Coenen talks about the work of a CPA, including calculating income, evaluating financial disclosures, valuing assets, and completing a lifestyle analysis.

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CPA Practice

MARCH 25, 2024

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added home office deduction filing guidelines to Instead and Instead Pro. A home office deduction allows for the deduction of expenses related to a portion of a home that is used exclusively and regularly for business operations or activities.

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Accounting Today

MARCH 25, 2024

The measure would have allowed the city council to increase transfer levies on upmarket residential and commercial property sales.

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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.

Wellers Accounting

MARCH 25, 2024

Find out how the Non-Dom status and tax regime is going to change, it's impact, and top tax planning tips for the new rules.

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ThomsonReuters

MARCH 25, 2024

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. Pending legislation is complicating matters even further. Panelists from the Thomson Reuters webinar, Section 174: What We Now Know , discussed these challenges, and provided key insights to help tax professionals navigate this murky landscape. __ Here are three important takeaways from their conversation: #1 – Big changes to resear

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VJM Global

MARCH 25, 2024

Job work is an indispensable part of the business and most of the manufacturing entities are required to get their work done from the job worker on a regular basis. However, whether it is Central Excise, Service tax or Goods and Service Tax, special provisions are always provided under the law for goods sent on job work basis. Under CGST Law, a person sending goods for job work is required to file Form GST ITC-04 on GST portal to furnish information about goods sent for job work or goods receive

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Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. As a general rule, any individual undertaking employment duties in the UK is immediately liable to UK PAYE taxes, even if they are only in the UK for a matter of days. However, HMRC advises employers that it may be possible to relax strict PAYE requirements for employees on short-term business visits to the UK.

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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.

VJM Global

MARCH 25, 2024

Held by Hon’ble High Court of Madras In the matter of Radiant Cash Management Services Ltd., Vs. The Assistant Commissioner (ST) (W.P.No.2981 of 2024 and W.M.P.Nos.3246 & 3247 of 2024) Since commencement of Assessments under GST, there are many practical issues which are being faced by the Assessee. One of the common issues is issuance of GST ASMT-10 and DRC-01 for the same matter.

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Menzies

MARCH 25, 2024

Menzies LLP - A leading chartered accountancy firm. As another UK tax year draws to a close, here is a summary of the employer’s reporting deadlines that are approaching. If you have any questions about any of the reporting obligations, please just let us know. Approaching deadlines: 4 April 2024 – Gender Pay Gap Reporting If you employ 250 or more people on a specific date each year (the “snapshot” date), you must submit a Gender Pay Gap Report within a year of the snapshot date. 5 April

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Going Concern

MARCH 25, 2024

Do you guys remember the Deloitte auditors in Canada who were busted changing the clocks on their computers to backdate workpapers ? The reason they took the extraordinary step of changing the clocks on their computers is due to a software feature Deloitte added to their audit suite explicitly intended to prevent the backdating of workpapers. The feature was explained ad nauseam to partners and staff alike after its implementation to make sure everyone understood that backdating workpapers is a

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Accounting Today

MARCH 25, 2024

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

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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.