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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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.

Account

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

Accounting Today

AUGUST 21, 2024

Both presidential candidates have floated it, and there are benefits for both workers and employers — though not always how you'd expect.

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Tax 128

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 135

CPA Practice

AUGUST 21, 2024

By Jozsef Papp The Atlanta Journal-Constitution (TNS) A woman charged in an August 2022 Midtown shooting spree that resulted in the death of two men and the injuring of another is not competent to stand trial at this time, a judge has ruled. Fulton County Superior Court Judge Shukura Ingram issued an order that Raissa Kengne is not competent to stand trial and must be committed to the care of the Georgia Department of Behavioral Health and Developmental Disabilities.

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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 122

CPA Practice

AUGUST 21, 2024

By Dee DePass. The Minnesota Star Tribune (TNS) That fitness center, fireplace area and outdoor deck? And the free lunches? They are not enough anymore. Office buildings and their tenants in the Minneapolis-St. Paul area are finding that workers want even more if they have to commute and spend the day at the office — and that includes both events and more upscale amenities to inject a bit of luxury into the workday.

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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.

Account

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 Account accounted 114

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 Account accounted 64

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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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 Account accounted 64

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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

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 75

Basis 365

AUGUST 21, 2024

Yet again, we see another instance of fraud committed by an individual in a position of trust. Recently, the Florida Department of Law Enforcement (FDLE) arrested a Wauchula man for allegedly defrauding his employer, a school, of over $50,000. According to the complaint, ".Gray, as the sole bookkeeper for the school, was using a school credit card to make unauthorized purchases for personal gain" to the tune of $300,000 over 5 years underscores the critical importance of implementing strong inte

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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 Account 59

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

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

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 Account accounted accountant 59

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

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.

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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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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.

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

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 Account accounted 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

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.

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.

Manufacturing 52

Manufacturing Tax Sales 52

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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accounts payable Account accounted accountant 52

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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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.