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7 min read October 9th, 2024 Nonprofit donations are what keep your organization operating. Key Takeaways What Are In-Kind Donations : Monetary donations include any transfer of cash funds to a nonprofit organization. Any other type of contribution belongs to the other category of donations, which is known as in-kind donations. There are two kinds. How to Track In-Kind Donations in Nonprofits: Unfortunately, tracking in-kind donations is not as straightforward or simple as tracking cash donation
California’s new tax laws limit NOL deductions and tax credits for startups, raising potential tax burdens. Here’s what founders need to know to stay ahead. The post Significant Tax Changes for California Startups Beginning in Tax Year 2024 appeared first on Burkland.
A new report from cybersecurity solutions provider Heimdal Security revealed that finance and IT are the industries most targeted by job scammers. Employment scams are nothing new, but as technology like artificial intelligence advances, career experts have seen more scammers try to take advantage of job seekers. Job scams ranked among the top five most common scams last year, according to the Federal Trade Commission.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
By Amanda Tickel. The administration of tax is undergoing a significant transformation, driven by the rapid digitalization of processes and the integration of advanced technologies such as Generative Artificial Intelligence (GenAI). This evolution is not just a fleeting trend but a critical long-term priority for tax authorities and businesses alike.
By Gail Cole. Maine governor Janet Mills wanted to get rid of the red tape that separates many Down East nonprofits from sales tax exemptions. She succeeded: As of January 1, 2025, thousands of nonprofits in Maine will be eligible for a blanket exemption. Maine is the only state in New England — and one of just 17 states nationwide — that doesn’t already provide a blanket sales tax exemption for nonprofits, according to a report by Maine Revenue Services (MRS) that was presented to the Maine
A bipartisan pair of lawmakers, Sen. Bill Cassidy, R-Louisiana, and Mark Warner, D-Virginia, introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for their tax refunds.
More than one-third (36%) of investors participating in a 401(k), 403(b), or 457 workplace retirement savings plan say they would invest in private equity and private debt if their plan provided access to these assets, according to the 2024 U.S. Retirement Survey from global investment manager Schroders. Notably, 80% of plan participants say access to private investments would entice them to increase the amount they are contributing to the plan.
Anders has been named to the St. Louis Business Journal’s list of Top 150 Privately Held Companies in St. Louis for the second time. Each year, the St. Louis Business Journal celebrates the largest and fastest-growing companies in our region. The Top 150 list features the top privately held local companies ranked in order by revenue. Coming in at #133, up from #145 in 2022, Anders is honored to make the list once again.
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.
Bloomberg Tax & Accounting this week announced the launch of its Innovation Studio, which the research and technology solutions provider called “an ideation environment” that offers access to new tools, including generative AI-powered capabilities, that are currently under development for the Bloomberg Tax platform. The Innovation Studio is currently available to select Bloomberg Tax customers.
Despite being a nation that systematizes and plans, when the unexpected occurs, we still find ourselves reeling and trying to adjust. In the case of Helene and western North Carolina, it’s been a difficult battle. Who could have predicted that kind of flooding and devastation? We’re still undone by the images and updates about search and rescue efforts in those areas.
After rebounding in August , hiring significantly slowed last month among small businesses across the U.S., according to top 15 accounting firm CBIZ. The CBIZ Small Business Employment Index (SBEI), which tracks payroll and hiring data for more than 2,800 companies with 300 or fewer employees across the U.S., indicated a seasonally adjusted decrease of 2.60% in September as the third quarter comes to a close.
Confidence in generative AI has soared among financial operations and tax professionals, going from overwhelming negative to overwhelmingly positive in just one year.
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
By Gail Cole. As of January 1, 2024, beverage alcohol producers must have a license to ship alcohol directly to consumers in Alaska. While direct-to-consumer (DTC) licenses have long been required in most other states that permit DTC shipping, this is a new requirement in Alaska: Beverage alcohol manufacturers could ship to Alaska consumers without a permit prior to 2024.
The American Institute of CPAs has submitted comments to the Department of the Treasury and the Internal Revenue Service on the proposed rules regarding dual consolidated losses and the treatment of certain disregarded payments. The DCL rules, under section 1503(d), prevent taxpayers from using a single economic loss to reduce both U.S. and foreign tax.
Hurricane Milton is expected to make landfall in Florida later today or early Thursday and as such, Prometric testing centers in and around Tampa have begun shuttering up. If your exam is affected you should get a message from Prometric but any time extreme weather rolls through your town it’s always a good idea to check the Prometric closures page yourself to be sure.
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.
By Kristin Alexander. Convenience store operators cater to customers with many needs, including travelers filling up their gas tanks, hopeful lottery winners, and neighborhood residents with midnight munchies. Ensuring everyone gets what they came for is more complicated than stocking shelves with a bit of everything. Selling a variety of products, especially heavily regulated ones like alcohol and tobacco, makes business license management complex.
An updated, funded buy-sell agreement can allow a surviving partner to maintain sole control of the business if one of the owners or partners were to die prematurely or become disabled.
By now, you’re probably acquainted with Microsoft’s AI assistant, Copilot, and some of you may have started implementing it within your organization. While Copilot for business is an exceptional resource that is evolving rapidly, there are still limitations to what it can achieve. Copilot was developed to optimize your Microsoft 365 (M365) tenant, offering smooth integration with all the Microsoft applications your team relies on daily to boost productivity.
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?
The suggestions and illustrations in this article are not intended as financial advice. They are my personal opinions. Making your first investment in the stock market can be a daunting experience. Many people own stocks through mutual funds in their 401k or 403b accounts maintained by their employers. I noticed there is often a disconnect between these accounts and how investment accounts in individual names are handled.
Be Insightful is sponsoring a 'premium content program' covering ERP alternatives to QuickBooks. The program includes a presentation webinar on October 24, a Blue Paper, and a follow-up Question & Answer webinar.
There's one skill they don't teach you in school that can have a huge impact on your business. Find out how to harness it in this episode. The post Never Ignore This Critical Skill as a Firm Owner appeared first on Future Firm.
Accounting firms have a unique relationship with their clients, including their fiscal responsibilities and dedication to accuracy and transparency in their work. But, providing excellent service also comes with the challenge of managing client needs, individualized preferences, and their widely diverse business structures.
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.
By Michael Cuglietta and Ryan Gillespie Orlando Sentinel (TNS) Noemi Soto and her daughter Desire Huerta have spent the better part of a month living in their car after getting evicted from their apartment. But they knew the vehicle was no place to ride out a storm the magnitude of Hurricane Milton, which is expected to blast Central Florida with hurricane-force winds and up to a foot of rain overnight Wednesday and into Thursday.
October's QB Talks, being held October 23rd at 2pm Eastern time will explore Intuit's new Enterprise Suite. Alicia Katz Pollock will provide you with the most up-to-date information available on this new offering.
Tax-filing platform Column Tax and mobile tax preparation platform Taxfyle have teamed to create an all-in-one embedded tax and accounting solution for businesses. The partnership allows companies to bundle tax services and on-demand consultations into their existing product offering, keeping users engaged year-round, Column Tax and Taxfyle said in a media release on Oct. 2.
Navigating the complexity of real estate valuations in the hospitality industry is crucial for business owners, investors, and stakeholders. Real estate valuations play a pivotal role in the hospitality industry for various reasons, including estate planning, sales and marketing purposes, litigation, and cost segregation. For many family-owned hospitality businesses, estate planning and succession are critical.
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!
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