Accounting Today
NOVEMBER 14, 2024
Discover disclosed last year that it overcharged merchants after misclassifying certain credit-card accounts into its highest pricing tier, and the CEO stepped down.
TaxConnex
NOVEMBER 14, 2024
Sales tax comes with a lot of important terms. One is “drop shipment.” Drop shipments are common in ecommerce and often occur when a seller uses a distributor for order fulfillment to a buyer. In such a transaction, a distributor must charge sales tax to the seller. Sounds simple – and in many ways it is, except that a drop shipment can often involve not two but three locations (usually states) where sales tax must be considered.
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CPA Practice
NOVEMBER 14, 2024
Enrolled agents who have a Social Security number ending in 0, 1, 2, or 3 must renew their EA status by Jan. 31, 2025, to ensure they receive their new enrollment card before their current enrollment expires on March 31, 2025, according to the IRS. Per Circular 230 , EAs are required to renew their EA status every three years, and the time frame for renewal is based on the last digit of their Social Security number.
AccountingDepartment
NOVEMBER 14, 2024
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
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.
Accounting Today
NOVEMBER 14, 2024
Everything must go; have con, will travel; gold rush; and other highlights of recent tax cases.
CPA Practice
NOVEMBER 14, 2024
The American Institute of CPAs and the Chartered Institute of Management Accountants are launching a new initiative, the AICPA & CIMA Global Women to Watch recognition, to honor women who have made significant contributions to the accounting profession and their peers. This recognition will amplify the global voices of both emerging and experienced leaders in the accounting and finance profession.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 14, 2024
Edge Marketing, Inc., a Minneapolis-based public relations and marketing firm serving the legal and accounting professions, has been named a gold winner in two Strategic Communications categories of the prestigious MarCom Awards. The agency was named a gold winner in the Marketing/Promotion Campaign for a Special Event category. This work was in crafting a client’s strategic marketing campaign to drive leads at a national industry event.
Accounting Today
NOVEMBER 14, 2024
The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.
CPA Practice
NOVEMBER 14, 2024
Avalara, Inc. , a leading provider of tax compliance automation software for businesses of all sizes, showcased an array of customer-first innovations at this week’s signature Avalara CRUSH customer event in Austin. The company emphasized AI-infused product innovation and features, embedded integrations with popular business applications, and an expanded portfolio of compliance solutions that deliver a more simplified and streamlined experience for Avalara customers.
Accounting Today
NOVEMBER 14, 2024
The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.
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.
CPA Practice
NOVEMBER 14, 2024
AICPA News is a round-up of recent announcements from the association. AICPA Urges FinCEN to Extend Automatic Disaster Filing Relief to FBAR and BOI Reporting Following a request to the Internal Revenue Service (IRS) for tax and payment filing relief in the wake of Hurricane Helene, the American Institute of CPAs (AICPA) has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) urging them to implement a policy to offer automatic filing extensions for Reporting of Foreign Ban
Accounting Today
NOVEMBER 14, 2024
The Top 25 Firm based in New York added a management consulting and CPA firm in the Baltimore area, its second acquisition in two days.
ThomsonReuters
NOVEMBER 14, 2024
Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. Predictive modeling types: Predictive models are categorized into non-parametric and parametric types, each with unique uses and techniques, including classification models for yes/no responses, outliers models for fraud detection, and clustering models for marketing strategies.
Basis 365
NOVEMBER 14, 2024
One of the biggest financial challenges facing creative agencies and professional services firms is managing cash flow, especially when dealing with high labor costs and project-based work. For these types of businesses, employees are not only the biggest asset but also the largest expense. Yet, even with talent that delivers exceptional value to clients, many firms struggle with a simple yet critical task: getting paid quickly.
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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.
CPA Practice
NOVEMBER 14, 2024
By Jake Sheridan Chicago Tribune (TNS) The Chicago City Council emphatically voted down Mayor Brandon Johnson’s plan to hike property taxes by $300 million Thursday, creating a yawning hole in the city’s 2025 budget that must now be closed. Aldermen voted 50 to 0 in a rare unanimous roll call vote to discard the tax hike in a special meeting that lasted just minutes and included no debate.
Going Concern
NOVEMBER 14, 2024
Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.
CPA Practice
NOVEMBER 14, 2024
The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov. 14 issued an invitation to comment (ITC), a staff document prepared at the direction of the FASB chair in which the board doesn’t express any preliminary views.
Going Concern
NOVEMBER 14, 2024
Announced earlier today, Citrin Cooperman (IPA Top 100 #19 with $674,000,000 in revenue) is acquiring Clearview Group, a Baltimore metro-based management consulting and CPA firm. According to this, CG’s annual revenue is $8.5 million. Put on your tallest wading boots and let’s see the press release : “We could not be happier to add a firm like Clearview Group to the Citrin Cooperman family.
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
CPA Practice
NOVEMBER 14, 2024
Fintech company Rho has introduced the Rho Partner Portal, a version of Rho designed for its accountant partners. In one central platform, accountants can quickly onboard new clients, manage their cash and spend, and easily provision permissions across staff. “The Rho Partner Portal delivers the cash and spend management experience that Rho customers love, with the added benefit of providing accounting firms a consolidated view of their entire book of business,” Rho says in a blog post.
Accounting Today
NOVEMBER 14, 2024
The emergence of virtual cards, especially when combined with AI-powered fintech apps, offers accountants a new approach to solving a long-standing challenge.
CPA Practice
NOVEMBER 14, 2024
A day after announcing it had acquired Signature Analytics , a San Diego-based outsourced accounting and advisory firm, top 20 accounting firm Citrin Cooperman has gobbled up another firm, this time Owings Mills, MD-based Clearview Group. Financial terms of the deal, which is expected to close this month, weren’t disclosed. Clearview Group will join Citrin Cooperman with 10 partners and more than 150 professionals.
Accounting Today
NOVEMBER 14, 2024
The accounting solutions provider is now focusing on small businesses after mainly concentrating on the bookkeeping needs of venture-backed startups.
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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.
Insightful Accountant
NOVEMBER 14, 2024
This week, we are proud and honored to share the profile of Lauretta Finis, Insightful Accountant's 2024 International ProAdvisor of the Year.
Accounting Today
NOVEMBER 14, 2024
The auction house was accused of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.
SkagitCountyTaxServices
NOVEMBER 14, 2024
Pause and take a collective exhale with me… The presidential election is behind us. Now that the chaos is over, we can focus on what’s ahead. I’d suggest taking a little sage advice from those t-shirts we had in 2010 – “Keep Calm, and Carry On.” With a new president in office, there are going to be plenty of tax legislation changes in the near future – those Trump proposed in his campaign and those he didn’t.
CPA Practice
NOVEMBER 14, 2024
By Paul Kir Daily Freeman, Kingston, N.Y. (TNS) KINGSTON, N.Y. — U.S. Rep. Pat Ryan has sent a request to president-elect Donald Trump in the congressman’s ongoing effort, unsuccessful so far, to eliminate a cap on a federal tax program. In what is Ryan’s first communication to Trump since the election, the Gardiner (N.Y.) Democrat urged the soon-to-be commander-in-chief to support restoring the state and local tax (SALT) deduction “which will provide significant relief from double taxation,” hi
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.
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