Tax Strategy: 2024 year-end tax planning
Accounting Today
SEPTEMBER 26, 2024
2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,
Thu.Sep 26, 2024
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Exemption Certificate Expirations
TaxConnex
SEPTEMBER 26, 2024
The exception certificate figures big in your sales tax toolbox. But that document isn’t going to do you much good if it’s out of date. A sales tax exemption certificate means you, the seller, don’t have to collect and remit sales tax on certain products and services and to certain clients (such as schools, hospitals or churches) in a state. Your buyer produces a valid exemption certificate that you keep on file.
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CPA Exam Tip: Don’t Choose TCP Just Because It Has an Insanely High Pass Rate Right Now
Going Concern
SEPTEMBER 26, 2024
This afternoon NASBA held a webinar on how to choose a CPA exam discipline and in case you couldn’t or refused to attend, I’ll have more on that later. For now, I wanted to share a tip from presenter Joe Maslott, PwC alum and Associate Director at the AICPA. TLDR: Don’t choose Tax Compliance and Planning (TCP) as your discipline just because of its high pass rate.
PE is just the start of the changes coming for firms
Accounting Today
SEPTEMBER 26, 2024
Beyond private equity lie a host of other acquirers and accounting firm structures — and not all of them will be good for the profession.
Less Stress, More Success: Accounting Best Practices & Processes for 2025
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.
Attorney Flagged for Tax Evasion in New Case
CPA Practice
SEPTEMBER 26, 2024
There’s a big difference between “tax avoidance” and “tax evasion.” Simply put, tax avoidance relies on legitimate strategies that may be used to reduce your income tax liability. For instance, you might take steps to increase certain personal deductions or postpone taxable investment income at the end of year. This is perfectly legal. Conversely, tax evasion is illegal.
By the numbers: Audits, cyber security and more
Accounting Today
SEPTEMBER 26, 2024
Accountants weigh in on which companies have cyber vulnerabilities, states with the highest tax collections per capita and other key metrics.
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How to unlock tax savings in incoming client portfolios
Accounting Today
SEPTEMBER 26, 2024
Financial advisors can delight their newest customers by steering them away from the typical traps, deploying new strategies and using technology, experts said.
ADC Attends EO Nerve 2024
AccountingDepartment
SEPTEMBER 26, 2024
Our team kicked off another year of EO events last week while attending EO Nerve. ADC Business Development Representative, Shawn Marcum, participated in the multi-day event in Atlanta, GA.
Participate in the Inaugural Anders Legal Industry Benchmarking Survey for Insights into Staffing, Revenue and More
Anders CPA
SEPTEMBER 26, 2024
Take the Survey Knowing where you stand among the competition in the legal industry is power. Law firms with benchmarking data have the potential to make more informed long-term financial decisions and to course-correct their financial journey. Why should your firm take part? Good data is hard to find. By completing our benchmarking survey, you will unlock valuable insights and gain access to exclusive data that allows you to compare your firm’s performance against similar firms.
IAASB releases adoption guide on ISA for LCE
Accounting Today
SEPTEMBER 26, 2024
The resource is designed to help jurisdictions adopt the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities.
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
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.
Top Remote Accountants of the Week | September 26, 2024
Going Concern
SEPTEMBER 26, 2024
Are you 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 top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE/PTE Accounting | Candidate ID #22552637 Education: AA Accounting Experience (years): 25+ years of accounting experience Work exper
Thomson Reuters Unveils Suite of AI-Powered Solutions For Auditors
CPA Practice
SEPTEMBER 26, 2024
Thomson Reuters recently launched Thomson Reuters Audit Intelligence, a suite of artificial intelligence-powered, data-driven audit solutions designed to transform audit practices by reducing errors and enhancing confidence while enabling auditors to realize efficiency gains. The first tool to debut in the suite, Audit Intelligence Analyze, employs Al and machine learning to simultaneously enhance both audit quality and efficiency.
Super Micro plunges on news of accounting probe
Accounting Today
SEPTEMBER 26, 2024
A short-seller report that questioned the company's accounting practices triggered a Department of Justice investigation.
Future Forward App Academy is Wednesday, October 2nd
Insightful Accountant
SEPTEMBER 26, 2024
This is your opportunity for in-depth solution reveals, partnership participation, and questions and answers from the sponsors of this Fall's Future Forward Event. Learn about Xero, Qvinci and Quadient from product experts.
Back to Basics with Reconciliations
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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.
Managing the second tax season
Accounting Today
SEPTEMBER 26, 2024
The run-up to Oct. 15 requires its own set of strategies and tactics.
Role of Financial Controller on the Cusp of ‘Significant Change,’ EY Survey Finds
CPA Practice
SEPTEMBER 26, 2024
A new report from EY reveals that nearly nine in 10 (86%) financial controllers expect their roles to change dramatically by 2030, with 39% anticipating a heightened focus on value creation—actively supporting business growth—along with value protection and optimization. The thing is, most controllers aren’t exactly sure how their job will change in the coming years, according to the 2024 EY DNA of the Financial Controller Report.
Boomer's Blueprint: Transformation: Shared vision or shared services?
Accounting Today
SEPTEMBER 26, 2024
One of the biggest differences between the two models is the ability to sustain success and stay future-ready, especially in today's disruptive environment.
The Interpretive Rule: What Does it Mean for Earned Wage Access Products?
Withum
SEPTEMBER 26, 2024
On July 18, 2024, the Consumer Financial Protection Bureau (CFPB) released a proposed interpretive rule, “Interpretive Rule,” that, if finalized, represents a significant change in how earned wage access (EWA) products are regulated. EWA products allow employees and contractors (hereafter “recipient”) early access to earned wages before their scheduled pay date for additional short-term liquidity and financial flexibility in between paychecks.
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
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
Tax Fraud Blotter: Creative arithmetic
Accounting Today
SEPTEMBER 26, 2024
Bean scheme; jailhouse Glock; checkmate; and other highlights of recent tax cases.
Top ProAdvisor Profiles: Lauren LaMantia
Insightful Accountant
SEPTEMBER 26, 2024
Lauren LaMantia, one of our Top Up-n-coming ProAdvisors is our ProAdvisor Profile focus this week. Lauren resides in Charleston, South Carolina.
AICPA, CIMA add 'earn and learn' apprenticeship program
Accounting Today
SEPTEMBER 26, 2024
The AICPA and CIMA's new program will offer an "earn and learn" opportunity to recruit new accounting talent or upskill those in entry-level positions.
Invesetors' relief - a guide to how it works
Wellers Accounting
SEPTEMBER 26, 2024
Tom Walker explains Investors' Relief, how it works, the qualifying conditions, the tax benefits, and compares it to other related tax breaks.
Harness the Potential of Your Enterprise Knowledge
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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.
Bill adds New Capabilities, More Choices and Faster Speed in Payments
Insightful Accountant
SEPTEMBER 26, 2024
Bill's new innovative offerings provide SMBs and Accountants with more flexibility, control, and access to capital.
Are you harnessing the cloud to its full potential?
ThomsonReuters
SEPTEMBER 26, 2024
As audit firms struggle to keep pace with rising client expectations and market realities, cloud-based audit technology becomes essential. With both clients and staff demanding anytime, anywhere access and AI-powered technologies now commonplace, today’s audit firms must move fast to adopt cloud technology and use it to their fullest advantage — or risk losing out.
Senators Want to Nuke the ‘Fraud-Ridden’ Employee Retention Credit For Good
Going Concern
SEPTEMBER 26, 2024
On August 8, after much hand-wringing and a light tongue-lashing from former Internal Revenue Service commissioner Chuck Rettig , the IRS announced they’d be making some progress on the many Employee Retention Credit (ERC) claims sitting in a self-imposed backlog. ERC was one of many COVID-19 relief measures hastily issued by the government in early 2020 to encourage employers to keep people on the payroll through lockdown-related business disruptions.
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