TaxConnex

MARCH 5, 2024

The non-fungible token (NFT) remains a sizzling commodity. These digitized assets denote ownership of such collectibles as sports cards and artwork, even designer digital footwear. Two signs of the size of the sizzle: The online NFT platform OpenSea claims to be worth more than $13 billion. Some NFTs alone on OpenSea have sold for millions and in recent years the average sales price of an NFT (an admittedly volatile commodity) jumped from about $150 to $4,000.

Sales 147

Sales Tax Wisconsin Minnesota 147

BurklandAssociates

MARCH 5, 2024

From what to look for when hiring a Fractional CFO to when to make the hire, this article answers eight top questions we hear from startup founders. The post Hiring a Fractional CFO for Your Startup – Answers to Common Questions appeared first on Burkland.

189

189

RogerRossmeisl

MARCH 5, 2024

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free. However, earnings used for other purposes may be subject to income tax plus a 10% penalty.

income tax 143

income tax Education CPA Tax 143

Accounting Today

MARCH 5, 2024

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power.

Alabama 137

Alabama tax accountant accounted Account 137

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.

Account

RogerRossmeisl

MARCH 5, 2024

Business valuators sometimes consider major events that happen after the valuation date. For example, what if a business is subsequently sold, files for bankruptcy, discovers new technological advances, or experiences a major fraud loss, data breach or natural catastrophe? Such events could potentially affect a business’s fair market value, but whether a valuator will consider a particular event depends on the facts and circumstances of the valuation assignment.

CPA 140

CPA Tax Technology 140

Withum

MARCH 5, 2024

In this episode of Cryptonomix, Mark Eckerle sits down with Seth Priebatsch, President at Groma, a full-service real estate development and management firm with a blockchain twist.

Real Estate 126

Real Estate 126

Accounting Today

MARCH 5, 2024

The 25 accounting practices with the highest revenue growth in percentage terms in 2023 from Accounting Today's Top 100 and Regional Leaders list.

accountant 138

accountant Account accounted 138

RogerRossmeisl

MARCH 5, 2024

If you operate your business in multiple locations (as with retail or restaurant chains), you face some extraordinary fraud-prevention challenges. After all, you can’t be everywhere at once. And the more locations you operate, the harder they are to monitor. Without the appropriate checks and balances in place, fraud losses in one store could threaten the health of your entire company.

CPA 122

CPA Retail 122

CPA Practice

MARCH 5, 2024

Technical skills and a meticulous eye for detail have always been the bedrock of the accounting profession. Yet, amid the focus on balance sheets and financial analytics, there’s a vital element that’s often overlooked—Emotional Intelligence (EI). As we venture through the evolving landscape of modern business, the ability to adeptly navigate our own emotions and those of others has become indispensable for accountants looking to elevate their service beyond the numbers.

accountant 124

accountant Account accounted Education 124

RogerRossmeisl

MARCH 5, 2024

Business bankruptcies increased 40.4%, from 13,481 to 18,926, from 2022 to 2023, according to statistics released by the Administrative Office of the U.S. Courts. Solvency opinions may help creditors determine whether a liquidating debtor can meet repayment obligations. They also may come into play in fraudulent conveyance, bankruptcy alter ego and due diligence actions.

CPA 120

CPA 120

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.

Account

CPA Practice

MARCH 5, 2024

A new survey by business accounting and management software maker BILL shows that small and mid-sized businesses believe innovative technology such as AI and automation are beneficial capabilities for their financial operations. The BILL 2024 State of Financial Automation Report shows they are looking to AI and automation to help them increase efficiency and empower them to redeploy staff to more strategic tasks that can foster innovation and growth.

Technology 115

Technology accounting and finance Expense Management Finance 115

RogerRossmeisl

MARCH 5, 2024

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for you. But in addition to the credit itself, be aware that there are two additional features that are especially favorable to small businesses: Eligible small businesses ($50 million or less in gross receipts for the three prior tax ye

payroll tax 115

payroll tax payroll Tax CPA 115

Going Concern

MARCH 5, 2024

Should you quit during busy season? It’s a question that has plagued Big 4 accountants since the dawn of billable hours. While the consensus used to be that quitting during busy season makes you a tremendous piece of s**t without exception , attitudes toward bailing at the worst possible time have changed over the years. It’s still frowned upon and considered rude but perhaps not the permanent reputation killer it once was.

Legal 111

Legal accounting and finance Finance Tax 111

RogerRossmeisl

MARCH 5, 2024

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips.

CPA 112

CPA business tax Tax 112

Advertisement

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.

financial statements

Anders CPA

MARCH 5, 2024

The Corporate Transparency Act (CTA) has been declared unconstitutional, putting the newly finalized law in jeopardy. Beneficial Ownership Information (BOI) reporting requirements directing closely held businesses to submit personal details about the beneficial owners to the Financial Crimes Enforcement Network (FinCEN) are now in limbo as the government prepares its response to the ruling.

Alabama 111

Alabama Legal Government CPA 111

RogerRossmeisl

MARCH 5, 2024

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2024, filing date and benefit from the tax savings on your 2023 return.

tax return 109

tax return CPA Tax 109

CPA Practice

MARCH 5, 2024

By Kevin Tampone, syracuse.com (TNS) The IRS is warning taxpayers that time is running out to claim a tax credit related stimulus payments distributed during the early years of the COVID-19 pandemic. For some, the deadline is coming in mid-May. The credit, known as the Recovery Rebate Credit, is aimed at taxpayers who did not get one or more of their pandemic-era stimulus checks or did not get the full amount of the payments, the IRS said.

tax return 111

tax return Legal Tax 111

Accounting Today

MARCH 5, 2024

The ruling further complicates an already complicated area — the law's mandate around beneficial ownership information reporting.

Finance 126

Finance Tax 126

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

Sales

Cherry Bekaert

MARCH 5, 2024

In an era dominated by technological advancements, organizations must prioritize cybersecurity as a non-negotiable cornerstone of their operational strategy. Recent warnings from the FBI regarding cyber-attacks originating from nation states, particularly China, underscore the critical need for a comprehensive approach to cybersecurity that encompasses prevention, detection and response.

Legal 105

Legal Technology 105

Insightful Accountant

MARCH 5, 2024

Ashleigh Sutter explores the challenges of transitioning from bookkeeping to tax, offering insights on starting, gaining alignment, executing, and maintaining employee engagement during change.

bookkeeping 105

bookkeeping Tax 105

Anders CPA

MARCH 5, 2024

What is Hoops for Hope? Hoops for Hope is a March Madness bracket tournament for a great cause. What started as a small office pool has grown into a tournament that includes hundreds of the firm’s closest friends! This is the 36th year for our Hoops for Hope fundraiser, and all entry donations will support our 2024 Charity of Choice: Memory Care Home Solutions.

cpas 98

cpas Education Gaming Legal 98

Insightful Accountant

MARCH 5, 2024

Alicia Katz Pollock will host QB Talks on Wednesday, March 20,2024 at 2:00 PM Eastern Daylight Time, when she presents 'Revenue Recognition' in QuickBooks Online Advanced.

quickbooks 103

quickbooks 103

Advertisement

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.

ThomsonReuters

MARCH 5, 2024

Jump to: Compliance and having multiple plans Possibility of retroactive changes IRS funding may help either way Some expiring provisions may be positive The back-to-office effect Potential impact of changes Ideal situation for advisors Changes may come “late in the game” The Tax Cuts and Jobs Act (TCJA; P.L. 115-97 ) of 2017 brought about significant changes to the U.S. tax system, including provisions affecting both individ

Tax 98

Tax payroll Expense Reimbursements Gaming 98

Summit CPA

MARCH 5, 2024

I love sales. It was one of my first jobs before I went into accounting, and it was the hat that was hardest to give up when I grew my business. But so many business owners hate it. They find it unnatural, awkward and ineffective. That’s why I couldn’t agree more with Diane Helbig , internationally recognized business and leadership development advisor, when she says in a recent podcast interview , “Stop selling, because sales doesn’t work” – in the traditional sense of the word, that is.

Sales 97

Sales Education accountant Account 97

Insightful Accountant

MARCH 5, 2024

Xero report shows additional declines in small business sales, and continuing pessimism by business owners about the 2024 economy.

Sales 105

Sales 105

Accounting Today

MARCH 5, 2024

Financial advisors and tax professionals say many clients get too fixated on April 15 without understanding the benefits and ease of pushing back the deadline.

Tax 100

Tax 100

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

CPA Practice

MARCH 5, 2024

A Top Technology Initiative Article. – March 2024. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

Technology 64

Technology cpa firm CPA Non-Profits 64

Accounting Today

MARCH 5, 2024

The least attractive place to go shopping has a combined sales tax rate of 9.563%.

Sales 124

Sales Tax 124

Going Concern

MARCH 5, 2024

Last year around this time, one of the big crypto blogs noticed Deloitte had suddenly placed more than 300 job openings for positions such as Blockchain & Digital Assets Manager, Blockchain & Cryptocurrency Tax Manager, and Blockchain & Cryptocurrency in NFTs Tax Manager (LOL). One opening in Falls Church, VA said quite clearly: We are expanding Deloitte’s Audit & Assurance Blockchain & Digital Assets practice.

Virginia 59

Virginia audit accounting and finance Legal 59

Accounting Today

MARCH 5, 2024

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

New York 75

New York audit auditor 75

Advertisement

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.