RogerRossmeisl
JANUARY 21, 2025
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Lets start by defining local transportation. It refers to travel when you arent away from your tax home long enough to require sleep or rest.
TaxConnex
JANUARY 21, 2025
An exemption certificate is one of the most useful tools that your online company has for sales tax. This little piece of paper is used to exempt an otherwise taxable transaction from sales tax. The overall concept is that the end user incurs sales tax and that all sales of tangible personal property are taxable unless specifically enumerated, usually in legislation.
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RogerRossmeisl
JANUARY 21, 2025
Business valuation experts often rely on prospective financial statements when applying the discounted cash flow (DCF) method to value a private business interest. However, when management prepares financial projections for another purpose such as a loan application repurposing them to estimate fair market value for litigation purposes may raise a red flag.
BurklandAssociates
JANUARY 21, 2025
Accurate accounting for R&D expenses is critical for compliance and can have significant tax benefits as well as financial reporting and operational implications. The post Accounting for R&D Costs in a Biotech Startup: Why Its Important to Get it Right appeared first on Burkland.
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.
RogerRossmeisl
JANUARY 21, 2025
Medicare health insurance premiums can add up to big bucks especially if youre upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called Medicare medical insurance. Part B mainly covers doctors visits and outpatient services. Eligible individuals must pay monthly premiums for this benefit.
Accounting Today
JANUARY 21, 2025
KPMG US has set up a subsidiary that has filed an application in Arizona to establish a law firm in the state, with hopes of going national.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JANUARY 21, 2025
Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.
Withum
JANUARY 21, 2025
Let’s examine the withholding requirements for 401(k) plan distributions. Distribution Withholding Requirements A participant may receive a distribution from their vested account balance when one of the following below occurs: Participant reaches the age of 59 The participant dies, becomes disabled, or terminates employment The Plan terminates and no successor defined contribution plan is established or is maintained by the Plan Sponsor The participant has a financial hardship and the Plan
Accounting Today
JANUARY 21, 2025
If we establish a Bitcoin reserve the US taxpayer loses and the wealthiest Bitcoin holders win.
Mark Lee
JANUARY 21, 2025
A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. Given the evolving threat landscape, I asked him to highlight the current challenges and solutions we need to keep in mind. Francis has been involved in the technology sector for over thirty years, providing IT and cybersecurity solutions to a range of industries, including finance, recruitment, and legal.
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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.
Withum
JANUARY 21, 2025
The updated guidance in Chapter 8 of the American Institute of Certified Public Accountants (AICPA) Accounting and Valuation Guide: Valuation of Privately-Held-Company Equity Securities Issued as Compensation, outlines a framework for using primary and secondary transactions in company securities to assess their impact on estimating the fair value of equity for stock-based compensation.
Summit CPA
JANUARY 21, 2025
Like many small businesses , agencies are cyclical. Nobody knows this better than Tom Conlon, Founder and CEO of North Street Creative, a branding and design agency serving a variety of businesses going through moments of business change.
CPA Practice
JANUARY 21, 2025
Both Eston Melton and his wife, who once worked as a secretary at Miami-Dade County Hall, are registered as lobbyists with the county.
Accounting Today
JANUARY 21, 2025
Accounting and auditing analytics software company Caseware announced that it has bought Extractly.ai, an Australian-based AI startup that offers intelligent document processing solutions.
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.
Withum
JANUARY 21, 2025
A retirement plan may allow participants to access their accounts while still employed via a hardship distribution when there is an immediate and heavy financial need, whether it was incurred deliberately or unintentionally. Immediate and heavy financial need would include any of the following listed below: Medical care expenses for the employee, the employees spouse, dependents or beneficiary Tuition and related educational fees and room and board expenses for the next 12 months of postsecondar
Accounting Today
JANUARY 21, 2025
As a firm leader you have hundreds of opportunities every week to give positive feedback to your team.
AccountingDepartment
JANUARY 21, 2025
Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.
ThomsonReuters
JANUARY 21, 2025
Blog home In the ever-evolving landscape of auditing, the integration of artificial intelligence (AI) has emerged as a transformative force. AI-powered risk identification tools are revolutionizing the audit process, enhancing efficiency, accuracy, and overall effectiveness. Mercadien , a leading accounting and advisory firm, has experienced firsthand the benefits of AI-powered risk identification tools.
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.
Dent Moses
JANUARY 21, 2025
There seems to be a great deal of confusion about the required minimum distributions from inherited IRAs. A wide variety of factual situations can occur, making a simple explanation impossible. The following chart attempts to summarize the new rules for inherited IRA distributions. Due to confusion, the IRS has provided relief for beneficiaries who inherited IRAs between 2020 and 2025.
Insightful Accountant
JANUARY 21, 2025
Intuit continues to make enhancements to their QuickBooks Online Payroll options. Here is one that may have gone unrecognized.
Accounting Today
JANUARY 21, 2025
TikTok and taxes; future of L.A. revenues; engagement limits; and other highlights from our favorite tax bloggers.
CPA Practice
JANUARY 21, 2025
A handful of home rule states Colorado, Alabama, Louisiana, Arizona, and Alaska are making moves toward simplification. Still, businesses selling into home rule states continue to face an onerous tax compliance burden.
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.
Accounting Today
JANUARY 21, 2025
Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has added CapinCrouse, a Regional Leader based in Indianapolis, effective Jan. 17, 2025.
CPA Practice
JANUARY 21, 2025
The IRS updated frequently asked questions about the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit inFact Sheet 2025-01 on Jan. 17.
Accounting Today
JANUARY 21, 2025
Accountants and other financial professionals in the U.S. are showing more signs of confidence in the economy, but optimism is waning elsewhere.
CPA Practice
JANUARY 21, 2025
The IRS recently released guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements.
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
Accounting Today
JANUARY 21, 2025
The Securities and Exchange Commission settled charges against the California-based e-commerce food distributor for overstating revenue to Series D investors.
CPA Practice
JANUARY 21, 2025
The tax agency has launched a probe into whether financial services firm Trident Trust Group helped well-heeled Americans evade taxes.
Accounting Today
JANUARY 21, 2025
RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.
VJM Global
JANUARY 21, 2025
In the matter of Unionbase Nidhi Limited By Office of Registrar of the Company, Uttar Pradesh M/s Unionbase Nidhi Limited (The Company) is having registered office in the state of Uttar Pradesh with authorised share capital of INR 1,00,000/-. During verification, it was observed that in the Financial statements of the company for 2016-17, 2017-18, and 2018-19, the directors did not mention DIN under their signatures.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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