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 But that document isn’t going to do you much good if it’s out of date.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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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.
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.
Building a Business Case for Finance Automation
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.
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.
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.
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Is now a good time to take out a loan for my business?
Summit CPA
SEPTEMBER 26, 2024
With the Fed’s decision last week to drop interest rates, we’ve been getting a lot of questions about debt. Top of the list: “Is now a good time to take out a business loan or secure a new line of credit?
Managing the second tax season
Accounting Today
SEPTEMBER 26, 2024
The run-up to Oct. 15 requires its own set of strategies and tactics.
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.
Tax Fraud Blotter: Creative arithmetic
Accounting Today
SEPTEMBER 26, 2024
Bean scheme; jailhouse Glock; checkmate; and other highlights of recent tax cases.
Fall In Love With the Month-End Close
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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.
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.
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.
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.
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.
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
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.
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
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.
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.
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.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
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.
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.
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.
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.
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.
Cash Flow Secrets Every Upskilled CPA Should Know
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.
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.
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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