Going Concern
JUNE 27, 2024
Although it’s been out for more than a month, we haven’t had a chance to take a deep dive into Thomson Reuters’ 2024 State of Tax Professionals Report. We really should, and will, because A) it’s a great report and B) the profession is in such a state of change at the moment that what’s important now might be chopped liver come next year.
TaxConnex
JUNE 27, 2024
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. ‘Fun’ with refunds. Two Penn State University students are using artificial intelligence to automate sales tax refunds for businesses, news reports said. The students designed a process with AI to remove the need of manually searching to find overpayment discrepancies.
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Accounting Today
JUNE 27, 2024
The IRS Whistleblower Program paid whistleblowers 121 awards totaling $88.8 million in fiscal 2023, up from $37.8 million the previous year.
CPA Practice
JUNE 27, 2024
By Dr. Sangeeta Chhabra Accounting firms are focusing on the tech stack and missing out on the talent stack. Implementing new technologies is one thing; however, the talent stack needs to be upgraded in parallel. Accounting firms are facing a talent shortage as most accounting professionals are shifting to fields like investment banking, consulting, and information technology.
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.
Accounting Today
JUNE 27, 2024
Ethical standards in accounting encompass the moral principles and rules that accountants are required to adhere to during their professional work.
CPA Practice
JUNE 27, 2024
[ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] The Rhode Island Society of Certified Public Accountants (RISCPA) is a leading advocate for economic development in the state. Founded in 1907, the society is committed to advancing the interests and prosperity of the business community, and fostering an environment conducive to innovation, opportunity, and share
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
JUNE 27, 2024
AI in tax prep has boosted efficiency and accessibility. But concerns arise over the reliability of AI-generated tax advice, especially for complex cases.
Summit CPA
JUNE 27, 2024
When your days-to-close increase, it’s easy to point a finger at the prospect: Businesses have less cash in the bank, especially now that PPP money has all been spent. They come to sales calls with more stakeholders and take longer to align on solutions. With more cooks in the kitchen, things inevitably slow down.
Insightful Accountant
JUNE 27, 2024
The number of participants in the ProAdvisor Awards grows each year, with more and more highly qualified ProAdvisors entering the mix. We hope you are one of them, but preparation for participation goes a long way at achieving recognition.
CPA Practice
JUNE 27, 2024
By Jeremy Estey. Client Advisory Services (CAS) are being implemented into firms at a rapid pace. Some firms are going all in with it, others are using it to expand their current service offerings. Whatever side you’re on, the CAS market is getting competitive. With so much competition, getting visibility for your firm is key. There is a powerful online strategy that can get you in front of your ideal clients and help your firm standout.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
AccountingDepartment
JUNE 27, 2024
In today’s fast-paced business environment, entrepreneurs and business owners must find ways to streamline operations, improve efficiency, and scale effectively. Traditional enterprise resource planning (ERP) systems have long been associated with large enterprises.
SkagitCountyTaxServices
JUNE 27, 2024
The heat is turning up everywhere right now, literally and metaphorically. Let’s discuss that in terms of your Skagit County business if you filed an Employee Retention Credit (ERC). See, the IRS is leveling up their ERC claim investigations right now. If you claimed things correctly, nothing to worry about here. But if you fell prey to the ERC mills or bad advice to file when your business didn’t really qualify for it, get ready for your claim to be rejected.
KROST
JUNE 27, 2024
We wanted to bring to your attention an important development regarding Senate Bill 478, California Attorney General’s new state law banning “junk fees.” Recently, the California Attorney General’s Office has posted FAQs shedding light on key aspects of this new legislation and its impact to the restaurant industry. Key Highlights of SB 478: Prohibition of Read the full article.
Accounting Today
JUNE 27, 2024
The International Federation of Accountants teamed up with the Pan African Federation of Accountants to report on how the profession can play a key role in transforming the continent's finances.
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.
CPA Practice
JUNE 27, 2024
By Lindsey Raker. Independent contractor, gig worker, freelancer; no matter how you make money, you’ll need to pay taxes on it. It’s important to get registered and file the necessary paperwork before you start your first job with a client or you issue your first invoice. Failure to do so can result in fines and fees, and not least of all — headaches when tax time comes around.
Accounting Today
JUNE 27, 2024
Brazilian Federal Police carried out their most extensive operation yet to punish those responsible for a massive fraud carried out at retailer Americanas SA with arrest and search warrants issued in Rio de Janeiro.
CPA Practice
JUNE 27, 2024
In a new survey, 78 percent of organizations say they are tracking AI as an emerging risk while simultaneously adopting the technology themselves. More than half of enterprises surveyed reported using AI to improve efficiency and enhance their digital risk posture. Those results come from AuditBoard ‘s third-annual 2 024 Digital Risk Report: Opportunities and Challenges of the AI Frontier.
Accounting Today
JUNE 27, 2024
The parent of Italian beverages group Davide Campari-Milano NV said it isn't aware of any investigation following reports over alleged tax avoidance.
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.
Going Concern
JUNE 27, 2024
Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #19249390 Certifications: CPA in process Education: BS Business Administration, Accounting Experienc
CPA Practice
JUNE 27, 2024
Professionals on the Move is a round-up of recent staffing and promotion announcements from across the accounting space. Brown Plus Welcomes New Team Members Leading accounting and advisory firm,Brown Plus, recently announced the hiring of two new team members in Pennsylvania and Maryland: Helen Badman joined the Firm as an Employee Specialist. She brings over 20 years of experience, including implementing talent management strategies, conducting workforce planning, optimizing human resources (
Cherry Bekaert
JUNE 27, 2024
Contributors: Jeffrey Annessa , Senior Manager, Government Contractor Industry Group | Artan Ivezaj , Manager, Government Contractor Industry Group Government contractors who serve the Department of Defense (DoD) under Cost Accounting Standards (CAS) covered contracts that contain the DFARS clause 252-242-7005 need to evaluate and maintain key Contractor Business Systems for compliance and adequacy per the Defense Federal Acquisition Regulation Supplement (DFARS) clauses listed below.
CPA Practice
JUNE 27, 2024
A new initiative, Controllers for a Cause Scholarship Fund, seeks to support the CPA pipeline with scholarships for students sitting for the CPA Exam. The fund is a program developed by the Controllers Council and administered by the AICPA Foundation , a charitable organization of the American Institute of Certified Public Accountants. Participation in the Controllers for a Cause Scholarship Fund will be available to members, subscribers and sponsors of the Controllers Council, AICPA members a
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.
FraudFiles
JUNE 27, 2024
The most interesting cases I work are criminal cases for defendants accused of financial crimes such as money laundering, tax fraud, bribery and corruption, embezzlement, and investment fraud. I do my best work as a forensic accountant and fraud investigator in cases in which a trail of money must be followed through a complex web [.
CPA Practice
JUNE 27, 2024
The IRS said on June 26 that it will be mailing time-limited settlement offers to some taxpayers under audit who participated in deals involving syndicated conservation easements, a tax avoidance scheme the agency is trying to eliminate. Here’s what the IRS said in a press release on Wednesday about the settlement offer: The IRS will notify eligible taxpayers by letter with the applicable terms and timelines to respond.
CPA Practice
JUNE 27, 2024
A new report shows a disconnect between the role employers believe they’re playing in employees’ financial well-being and how their employees feel. Nearly half (49%) of employers believe they’re completely supporting employees’ financial wellness, while only 28% of employees feel the same. While most employers (95%) believe they have a responsibility to support employees’ financial well-being, only 36% of employees say they feel completely financially stable.
CPA Practice
JUNE 27, 2024
By Michael Macagnone, CQ-Roll Call (TNS) The Supreme Court limited the reach of Securities and Exchange Commission administrative courts in a decision Thursday that could impact the federal government’s ability to use internal administrative judges. The 6-3 decision found that the SEC cannot use those internal administrative judges to seek civil penalties for securities law violations because that violates the constitutional right to a jury trial.
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
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