Fri.Mar 15, 2024

article thumbnail

Building the Ideal Team in Your Accounting Firm

Canopy Accounting

Experience isn't everything. Discover the secrets to building the perfect team for your accounting firm with insights from Jason Blumer, CPA, CEO and Founder of Blumer CPAs.

article thumbnail

Navigating Tax Relief Services in Whittier, California: A Lifeline for Taxpayers

MyIRSRelief

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable. However, tax relief services offer a beacon of hope, providing expert guidance and support to those in immediate need.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Grant Thornton gets major PE stake

Accounting Today

Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms' involvement in the accounting field.

article thumbnail

IRS Offers Special Resources Pages in 21 Languages

CPA Practice

The Internal Revenue Service continues to increase the amount of information available in multiple languages. Although the primary language of the agency is usually expressed in dollar signs followed by numbers and commas, the agency offers a variety of support tools to help people across multiple languages. The agency’s multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.

article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

article thumbnail

On the move: Centri names next SEC reporting leader

Accounting Today

Kaufman Rossin Group launches retirement and executive benefits service; Hancock Askew merges two advisory practices; and more news from across the profession.

122
122
article thumbnail

IRS Says March 22 is Deadline to Resolve Questionable ERC Claims

CPA Practice

The Internal Revenue Service has renewed its message for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims. Amid aggressive marketing that misled many businesses into filing claims for ERC, the IRS has sharply increased compliance action through audits and criminal investigations – with more activity planned in the future.

Tax 117

More Trending

article thumbnail

How to Generate Pay Stubs for Employees

Patriot Software

When payday rolls around, employees receive their wages for hours worked. They may also receive a digital or paper pay stub, which breaks down their earnings and deductions. As an employer, you must know how to generate pay stubs. Pay stubs are essential documents for both employers and employees.

payroll 105
article thumbnail

“Blueprints for Business” – Digital Event Aims to Help Firms in 2024

CPA Practice

Matthew Fulton, Founder of QB Community Live and Parkway Business Solutions , and Richard Roppa-Roberts, known as “The ProAdvisor Advisor” and the Founder of Roundtable Labs, today announced the launch of Blueprints for Business , a free year-long online series devoted to education for accountants and bookkeeping professionals. Sponsored by Forwardly, this series will be sharing Fulton and Roppa-Roberts’ wealth of knowledge that targets the crucial aspects of professional growth and business man

article thumbnail

The Secrets To Stellar Client Service In The Construction Industry

Randal DeHart

Customer service is the heartbeat of any successful business. The unsung hero transforms a potential disaster into an opportunity and a mere transaction into a lifelong relationship. In the narrative of customer loyalty and retention, service is the protagonist. Your approach to customer service has the power to attract and retain clients. As a construction business owner, client service is critical to your company's success.

article thumbnail

Without proper software training, tax season can mean costly gaffes

Accounting Today

Tax filing season can be an extremely trying time for corporate tax and accounting professionals as they have to navigate countless forms and compile extensive amounts of information without errors.

Tax 91
article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

article thumbnail

Grant Thornton Is the Latest U.S. Firm to Get Into Bed With Private Equity

CPA Practice

Baker Tilly is no longer the largest U.S. accounting firm that has secured a substantial investment from a private equity group, after Chicago-based Grant Thornton—the seventh-biggest firm in the nation by revenue—said on Friday it will receive “a significant growth investment” from New Mountain Capital “to accelerate [our] business strategy.” Financial terms of the deal haven’t been disclosed, but the Financial Times reported today that Grant Thornton has agreed to sell “a majority stake” to Ne

Legal 80
article thumbnail

KPMG partners with AuditBoard

Accounting Today

The partnership gives KPMG clients access to AuditBoard's AI-powered technologies as part of the Big Four firm's services.

article thumbnail

UK Theatre Tax Relief: A Permanent Boost for the Stage

Withum

Late last week, the Chancellor in the United Kingdom (UK) announced exciting news which the theatre industry welcomed with open arms; a permanent extension for the increased theatre tax relief rates for productions produced in the UK. In March of 2023, the higher rates had been extended, but were scheduled to sunset in April 2025. This announcement removes the sunset provisions, making the enhanced rates permanent at 45% for touring productions and 40% for sit-down productions.

Tax 59
article thumbnail

More CFOs transition into CEOs

Accounting Today

A growing number of CEOs have been attaining the CFO job, with a record number of them reaching the top rung at the biggest companies last year.

article thumbnail

Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

article thumbnail

Microsoft 365 Plans and Options for Firms – The Accounting Technology Lab Podcast – Mar. 2024

CPA Practice

Hosts Randy Johnston and Brian Tankersley, CPA, talk about the most productive and cost-efficient ways to use Microsoft 365 in public accounting firms. March 2024. Use the video player below to watch, or the podcast player below to listen to the podcast. == Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

article thumbnail

Equity incentives in the technology sector

Menzies

Menzies LLP - A leading chartered accountancy firm. Retention is a key issue for businesses operating in the technology sector, both because of the high demand for skilled employees and also the more transient nature of the profile of employees in the sector. Technology businesses need to make sure their key employees are incentivised in the right way to ensure they stay, and that the business is able to continue to scale at a fast-moving rate.

article thumbnail

Payroll Pain: 3 quarters of UK pay runs taking longer than a day

Accounting Insight

New research from people management platform Employment Hero shows UK payroll providers are struggling for days to deliver each pay run, as messy data and inefficient processes slow them down. 76% of the 444 payroll providers surveyed said the average pay run took one day or more to complete, with “two days” being the most common time for completion.

payroll 59
article thumbnail

Independent CPA requirements can be a costly risk for tenants

Accounting Today

By requiring tenants to retain an independent CPA firm to perform a similar review of the same data, the landlord is all but controlling the outcome.

CPA 56
article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

article thumbnail

How to Write a Letter of Disengagement with Free Template

Canopy Accounting

As a professional accountant, there may come a time when you need to end an engagement with a client. A conclusion to a client relationship could be due to several reasons, such as a realignment of your firm's services, a conflict of interest, or non-compliance with agreed-upon terms by the client.

article thumbnail

Tech news: Thomson Reuters to rebrand to emphasize AI

Accounting Today

Plus, LeaseCrunch offers webinar on GASB 87, 96; and other accounting technology news.

article thumbnail

A Comprehensive Guide to SOC 2 Reporting

Cherry Bekaert

In an increasing digital world, service organizations need to operate in a way that protects their data and their customers’ data from unauthorized access, preventing security breaches and other cyber vulnerabilities. Technology services users need to understand the controls implemented to safeguard their data and financial statements. Listen to our speakers as they unpack SOC 1 & 2 reporting requirements, the advantages and benefits to having a report, and the regulatory compliance matters

article thumbnail

Austrian heiress wishes her €25M fortune had been taxed

Accounting Today

Marlene Engelhorn plans to let 50 strangers decide the fate of her inheritance.

Tax 56
article thumbnail

Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

article thumbnail

Crafting the Perfect Client Termination Letter

Canopy Accounting

As a professional accountant, there may come a time when you need to end an engagement with a client. A conclusion to a client relationship could be due to several reasons, such as a realignment of your firm's services, a conflict of interest, or non-compliance with agreed-upon terms by the client.

article thumbnail

Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?

CPA Practice

By Phillip Molnar, The San Diego Union-Tribune (TNS) President Joe Biden introduced several plans recently at the State of the Union address targeting big businesses and the wealthiest Americans. He said the moves would reverse many large tax breaks enacted by the Trump administration. The president said he would like to see the corporate tax rate rise to 28%, and what’s known as the corporate minimum tax rate increased to 21%.

article thumbnail

Friday Footnotes: PwC Isn’t Getting a Redemption; Just Say No to NOCLAR; Oh, Layoffs? | 3.15.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

auditor 116
article thumbnail

The definition of 'rich' — and its impact on taxes

Accounting Today

President Biden wants the wealthy to "pay their fair share." Ex-President Trump calls for "the biggest tax cuts." But labeling people as rich creates massive policy challenges.

Tax 89
article thumbnail

New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!