Cherry Bekaert

AUGUST 21, 2024

Since its establishment in 2015, a rapidly developing online platform (the Company) gained significant popularity due to its innovative approach and user-friendly interface. This growth led to a significant increase in revenue and a nine-figure taxable income, as well as a need for enhanced tax services. The Georgia-based Company partnered with Cherry Bekaert for annual financial statement audit and tax compliance services.

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B2C Tax Georgia tax services 52

CPA Practice

AUGUST 21, 2024

By Zach Mentz cleveland.com (TNS) The annual cost-of-living adjustment for Social Security benefits is expected to decrease in 2025, according to a new estimate. The Social Security cost-of-living adjustment (COLA) for 2025 is projected to be 2.57%, down from the 3.2% COLA implemented in 2024 , according to The Senior Citizens League. That figure also represents a decrease from 2.63% in July’s COLA estimate, but is equal to the 2.57% projected in TSCL’s June estimate.

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Withum

AUGUST 21, 2024

Beneficial ownership information (BOI) reporting began on January 1, 2024. We previously wrote about the essentials of BOI reporting , and this article provides an update on where it stands now and what affected individuals and businesses should do to ensure compliance. There are many court cases winding through the Federal court system and one District Court in March 2024 declared the BOI reporting statute unconstitutional, but only as to the plaintiffs in that particular lawsuit.

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income tax tax services Tax Sales 118

CPA Practice

AUGUST 21, 2024

The tax law allows real investors to write off a portion of their losses from rental activities, or even the full amount, if they meet certain requirements. However, as shown in a new case, Foradis, TC Summ. Op. 2024-13, 7/11/24 , it’s difficult to convince the Tax Court you’ve put in the necessary time—especially if you have another full-time job. Background : Normally, investors in passive activities in which they don’t “materially participate,” like most real estate activities, can take deduc

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4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Withum

AUGUST 21, 2024

July 22, 2024, marked the end of the Drug Enforcement Administration’s (DEA public comment period regarding the proposed rescheduling of cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act (CSA). The cannabis industry is hyper-focused on the process as it has significant implications for the U.S. cannabis industry.

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Tax income tax Legal Finance 116

CPA Practice

AUGUST 21, 2024

By Madlin Mekelburg Bloomberg News (TNS) A federal judge ruled the U.S. Federal Trade Commission can’t enforce its near-total ban on noncompete agreements that was set to go into effect next month, blocking an effort by the agency to make labor markets more competitive. In a ruling Tuesday, U.S. District Judge Ada Brown in Dallas sided with the U.S.

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Pennsylvania Texas Florida Tax 107

Accounting Today

AUGUST 21, 2024

The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.

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Tax 133

Canopy Accounting

AUGUST 21, 2024

In today's fast-paced accounting and tax environment, simplicity is more important than ever. There's so much to stay on top of: modern technology stacks, positive client experiences, security threats, a greater demand than supply of talent, and an ever-changing, more complex tax and compliance landscape. And I haven’t even mentioned the complexity and challenges presented by change management in a firm that’s already too busy.

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Accounting Today

AUGUST 21, 2024

A boomer and a Gen X from BSB CPAs give their take on the newest generation to join the workforce.

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cpas 117

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Canopy Accounting

AUGUST 21, 2024

In this episode of Canopy’s Practice Success Podcast , Katie Thomas, a CPA turned marketing expert, shares her unique journey from working at a Big Four accounting firm to establishing her own marketing agency. She discusses the specific challenges accountants face in marketing, such as the importance of trust, differentiation, and targeted branding.

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CPA accounting firms accounted accountant 64

Accounting Today

AUGUST 21, 2024

A thought experiment demonstrates the enormous — and sometimes hidden — impact of tech on accounting firms.

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Technology accounting firms accounted accountant 109

Going Concern

AUGUST 21, 2024

So EisnerAmper announced they bought themselves a smallish firm in Los Angeles this week. Whoop-de-doo. But because they were the first large accounting firm to blow up the Hoover Dam of capital and invite private equity to the professional accounting services sector, that story got me thinking about how much has changed since EisnerAmper did their deal with TowerBrook Capital in late 2021.

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accounting firms public accounting accounted accountant 62

Accounting Today

AUGUST 21, 2024

Caseware and CPA Club announced a new collaboration that will combine each of their resources to facilitate the implementation and use of quality management solutions for firms.

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CPA audit 88

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

bookkeeping

CPA Practice

AUGUST 21, 2024

CPAClub and Caseware , a provider of cloud and AI-enabled audit, financial reporting and data analytics solutions, have announced a collaboration that combines CPAClub’s award-winning CPAs-as-a-service model with Caseware’s advanced quality management technology, Caseware SQM. This partnership aims to provide accounting firms with both the top-tier human capital and best-in-class technology to navigate and implement new quality management standards issued by professional bodies in the United Sta

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accounting firms audit auditor accountant 59

Accounting Today

AUGUST 21, 2024

The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1 hours on average per case in 2023, up 281% from 2020.

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Tax 70

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. The United Kingdom has long been a hub for manufacturing, with a rich history of industry and innovation. Despite the challenges posed by Brexit, recent conflicts worldwide and disruptions in key global shipping routes , the country remains an attractive destination for manufacturers looking to set up business.

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Manufacturing chartered accountant Transportation Government 59

Cherry Bekaert

AUGUST 21, 2024

Dreamforce Is Where Innovation Meets Inspiration As a leading digital advisor for middle-market companies, Cherry Bekaert is excited to be a sponsor at Dreamforce 2024 and delve into the most recent technology innovations. Dreamforce 2024, September 17-19 in San Francisco, is the annual gathering that brings together the global Salesforce Community for learning, networking, and philanthropy.

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Technology accounted accountant Account 59

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

auditor

Insightful Accountant

AUGUST 21, 2024

As data thieves continue evolving their tactics, the Internal Revenue Service and the Security Summit partners today reminded tax professionals of six essential steps to protect their sensitive taxpayer information.

Tax 52

Tax 52

Ryan Lazanis

AUGUST 21, 2024

Niching is a powerful tool to cut through the noise. But should your firm do it? And if so, how? Listen to this episode to find out. The post Should Your Firm Niche? appeared first on Future Firm.

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Account accountant accounted 52

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. Further information has now been made available in respect of the abolition of the Furnished Holiday Lettings (FHL) tax regime that will take effect from April 2025. The measure will remove the tax advantages that landlords who offer short–term holiday lets have over those who provide standard residential properties.

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Tax income tax chartered accountant accounting and finance 52

Anders CPA

AUGUST 21, 2024

In this episode of the Cannabis Success Show, Guillermo interviews Nick Musica, CEO and Founder of Optics In, who shares his extensive knowledge on optimizing search engine performance for cannabis companies. They discuss the essentials of SEO, its specific applications in the cannabis industry, and the importance of ethical practices. Nick emphasizes the long-term benefits of SEO and the need for realistic expectations.

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CPA 52

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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.

Tax

Menzies

AUGUST 21, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC is running regional campaigns to ensure that employers are meeting their National Minimum Wage (NMW) obligations. The current regions under scrutiny are Merseyside and the North East of England, but it is likely that HMRC will move onto other regions, particularly if they uncover problems. With significant increases in the NMW rate and complex rules relating to entitlement, the consequences of getting this wrong can be extremely expensive

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chartered accountant accounting firms accounted accountant 52

Accounting Insight

AUGUST 21, 2024

In less than a month, the accounting and finance community will be reuniting up north for the latest edition of Accountex Summit Manchester 120+ exhibitors including industry giants and up and coming start-ups will be showcasing the best new products, tech, software, services and solutions in the world of accounting. Here are some of the products being launched at this year’s show… FreeAgent (Stand E7) – Following the successful release of integrations with Engager.app and Xen

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payroll accounting and finance Education Start-ups 52

Canopy Accounting

AUGUST 21, 2024

Profile Unity Business Advisors is a firm located in Lynnwood, WA, with a strong presence in the accounting industry for the past 25 years. The firm comprises 15-18 team members in the Lynnwood office and is supported by an outsourced team. They offer a wide range of services, including small business financial accounting, tech services, profit and loss statements, payroll, tax planning, and tax advisory.

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payroll tax Washington payroll tax planning 52

VJM Global

AUGUST 21, 2024

Circular No. 195/07/2023-GST dated 17.07.2023 was earlier issued clarifying the issues related to the applicability of GST and reversal of ITC concerning material supplies under warranty and extended warranty, the applicability of GST on warranty service provided at the time of supply of goods, etc. CBIC received various representations to provide clarifications on certain other related issues.

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Manufacturing Tax Sales 52

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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

Expense Management

Insightful Accountant

AUGUST 21, 2024

Sage recently announced significant global enhancements to its Sage Intacct platform, including AI-powered accounts payable processes that are now available worldwide.

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Accounting Seed

AUGUST 21, 2024

Invest in your company's future. Get your action plan to unlock growth and visibility with accounting automation today!

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Insightful Accountant

AUGUST 21, 2024

Thanks to our readers, we can now share stories of their good and bad migrations from QuickBooks Desktop to QuickBooks Online.

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quickbooks 52