GrowthForceBlog

OCTOBER 9, 2024

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

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BurklandAssociates

OCTOBER 9, 2024

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.

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Accounting Today

OCTOBER 9, 2024

To help build the accounting pipeline, the Big Four firm is publicly supporting other ways to earn a license.

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CPA Practice

OCTOBER 9, 2024

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.

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Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Accounting Today

OCTOBER 9, 2024

Disagreements with the IRS, while business as usual for CPAs, can be terrifying to the taxpayer.

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CPA Practice

OCTOBER 9, 2024

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.

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CPA Practice

OCTOBER 9, 2024

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

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Accounting Today

OCTOBER 9, 2024

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.

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CPA Practice

OCTOBER 9, 2024

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.

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Anders CPA

OCTOBER 9, 2024

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.

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Technology

CPA Practice

OCTOBER 9, 2024

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.

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SkagitCountyTaxServices

OCTOBER 9, 2024

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.

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CPA Practice

OCTOBER 9, 2024

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.

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Accounting Today

OCTOBER 9, 2024

Confidence in generative AI has soared among financial operations and tax professionals, going from overwhelming negative to overwhelmingly positive in just one year.

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Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

CPA Practice

OCTOBER 9, 2024

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.

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Accounting Today

OCTOBER 9, 2024

In less than 30 days, Americans will elect the politicians who will set policy for the next two years in Congress and four years at the White House.

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CPA Practice

OCTOBER 9, 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.

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cpas Tax 81

Going Concern

OCTOBER 9, 2024

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.

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Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

CPA Practice

OCTOBER 9, 2024

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.

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Accounting Today

OCTOBER 9, 2024

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.

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Withum

OCTOBER 9, 2024

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.

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Maine 59

Insightful Accountant

OCTOBER 9, 2024

Intuit will host a virtual 'Product Showcase' TODAY. October 10 at A.M.

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Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Withum

OCTOBER 9, 2024

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.

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Insightful Accountant

OCTOBER 9, 2024

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.

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quickbooks 52

Ryan Lazanis

OCTOBER 9, 2024

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.

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Canopy Accounting

OCTOBER 9, 2024

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.

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Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

CPA Practice

OCTOBER 9, 2024

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.

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Insightful Accountant

OCTOBER 9, 2024

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.

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CPA Practice

OCTOBER 9, 2024

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.

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Withum

OCTOBER 9, 2024

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.

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