Canopy Accounting
APRIL 17, 2024
Leveraging the right Customer Relationship Management (CRM) software is key to enhancing efficiency, improving client relations, and driving business growth. This post delves into the top 6 accounting CRMs of 2024, highlighting their strengths and weaknesses to help accounting professionals make an informed choice.
RogerRossmeisl
APRIL 17, 2024
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off or terminated from employment, taxes are likely the last thing on your mind. However, there are tax implications due to your altered employment circumstances.
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Accounting Today
APRIL 17, 2024
Diverse teams and inclusive work environments produce better results.
RogerRossmeisl
APRIL 17, 2024
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you have, up to 85% of your benefits could be hit with federal income tax. While the truth about the federal income tax bite on Social Security benefits may be painful, it’s better to understand it.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Accounting Today
APRIL 17, 2024
The first class members of the AICPA and NASBA's pilot Experience, Learn & Earn program are completing their inaugural semester.
RogerRossmeisl
APRIL 17, 2024
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re eligible, you want to make the most of the deduction while it’s still on the books because it can potentially be a big tax saver. Deduction basics The QBI deduction is written off at the owner level. It can be up to 20% of: QBI earned from a sole proprietorship or single-member LLC that’s treated as a sole proprietorship for tax purposes, plus QBI
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
APRIL 17, 2024
If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering isn’t new — it’s the oldest form of trade — but the internet has made it easier to engage in with other businesses. However, if your business begins bartering, be aware that the fair market value of goods that you receive in these types of transactions is taxable income.
Going Concern
APRIL 17, 2024
Ever since the news broke in early 2023 that a PwC Australia partner brought confidential government tax changes back to the firm for the purposes of monetizing it for corporate tax avoidance, the firm has been struggling to crawl out from under the garbage heap of a scandal. Which is whatever, every Big 4 firm has taken reputational damage on the chin and kept truckin’ But for Big 4 firms in Australia, the fatuous actions of their competitors at PwC have brought unwanted scrutiny and a st
RogerRossmeisl
APRIL 17, 2024
Uncertainty about inflation, regulations and geopolitical risks abounds in today’s marketplace. A fairness opinion can protect against costly litigation if your company engages in a major transaction and the projected results subsequently fall short of expectations or insolvency becomes likely. Here’s how a fairness opinion from an independent business valuator can help protect against post-deal legal claims.
Going Concern
APRIL 17, 2024
According to an article published Monday in the Pittsburgh Post-Gazette , BDO will be moving its Pittsburgh office from the current space in the Heinz 57 Center at 339 Sixth Ave to the new FNB Financial Center at 632 Washington Place. They’ll be taking the 18th floor when they move in next year. PPG says : In a statement, Deron Curliss, assurance practice leader in BDO’s Pittsburgh office, said the new space will provide “a flexible and collaborative work environment” for employees.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
RogerRossmeisl
APRIL 17, 2024
Occupational fraud is a crime generally committed by employees against their employers. Ironically, employees also are most likely to notice or suspect occupational fraud schemes conducted by their coworkers or managers. Whether they report through an anonymous tipline or directly to management or HR, rank-and-file workers often are the first to raise the alarm.
CPA Practice
APRIL 17, 2024
In new guidance issued by the IRS on April 16, the agency has once again provided relief on required minimum distributions (RMDs) for beneficiaries of individual retirement accounts (IRAs) who are subject to the SECURE Act’s 10-year payout rule. This relief was provided with respect to certain RMDs in 2021, 2022, and 2023, and is being extended in Notice 2024-35 to 2024.
RogerRossmeisl
APRIL 17, 2024
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April 15 If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any
Xero
APRIL 17, 2024
Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order. This is particularly true if you’re a small business that provides goods and services to a larger organisation.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
RogerRossmeisl
APRIL 17, 2024
Many businesses support their communities by donating to local charities. Although there are plenty of non-profits that deserve your support, some exist solely to facilitate fraud. How can you avoid the latter? Familiarize yourself with the deceptive tactics scammers use and carefully screen charities for legitimacy — before you write a check. Branding tricks Fraud perpetrators employ many tried-and-tested approaches to trick businesses into donating to fake charities.
Insightful Accountant
APRIL 17, 2024
Thomson Reuters has just announced an expanded vision based on providing GenAI assistant for every professional it serves.
RogerRossmeisl
APRIL 17, 2024
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you inherit a tax-favored retirement account, including a traditional or Roth IRA, you’ll also have to deal with these rules. Specifically, you’ll have to: 1) take annual withdrawals from the accounts and pay the resulting income tax and/or 2) reduce the balance in your inherited Roth IRA sooner than
AccountingDepartment
APRIL 17, 2024
Our friends at Biller Genie have announced a new software update that is packed with new features designed to streamline the check processing process and enhance the financial operations of businesses. This update introduces innovative features that will revolutionize how businesses manage paper checks and adapt to the future of accounting software integrations.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
RogerRossmeisl
APRIL 17, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The tax treatment depends on how many days it’s rented and your level of personal use. Personal use includes vacation use by your relatives (even if you charge them market rate rent) and use by nonrelatives if a market rate rent isn’t ch
Accounting Today
APRIL 17, 2024
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
RogerRossmeisl
APRIL 17, 2024
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year §179 depreciation deductions and first-year bonus depreciation deductions. These two deductions can potentially allow businesses to write off some or all of their qualifying asset expenses in Year 1.
Reckon
APRIL 17, 2024
Another year around the sun. Earth Day 2024 is on 22 April, and awareness and participation has never been more vital. The importance of Earth Day, and the real-world effects it has, can’t be overstated. The world is at a severe tipping point in terms of environmental degradation and only swift and collective action will avert what will essentially be a global catastrophe.
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
Insightful Accountant
APRIL 17, 2024
SMB Financial Management Platform Mimo Raises £15.5M and Launches Platform To Simplify B2B Payments. Mimo's financial suite enables businesses to easily manage money-in and money-out, and is already processing millions of pounds in payments for SMBs.
KROST
APRIL 17, 2024
KROST’s Assurance & Advisory Senior Manager, Rebecca Hickle, CPA, has been nominated for the CalCPA Women to Watch: Emerging Leader award! This year, there are 47 nominees and three award categories, including Emerging Leader, Experienced Leader, and Trailblazer of the Year. The annual recognitions honor outstanding women making an impact in the profession and industry.
Accounting Today
APRIL 17, 2024
Payments poured in at the government's mid-April deadline for income taxes.
IgniteSpot
APRIL 17, 2024
As entrepreneurs, especially those of us who navigate the tumultuous seas of business development with a do-it-yourself ethos, making decisions that impact our financial health can seem daunting. Yet, the mastery of this aspect—particularly the financial and accounting decisions—is what separates thriving businesses from those that merely survive. The key is not in avoiding decisions but in making informed, strategic choices with a clear understanding of their long-term consequences.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Accounting Today
APRIL 17, 2024
There are just three things clients want to know at tax time, and video summaries can provide the answers.
Anders CPA
APRIL 17, 2024
University of Missouri alumnus and longtime supporter Craig Campbell, CPA/CGMA , Tax Partner at Anders CPAs + Advisors, was selected as a Citation of Merit recipient for 2024 by the University of Missouri’s Robert J. Trulaske, Sr. College of Business. This represents the most prestigious award that the college bestows. As a recipient, Craig joins a list of distinguished alumni and friends of the college who have made significant and lasting impacts on their industries, their communities and Tr
Accounting Today
APRIL 17, 2024
The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami and Jersey City.
CPA Practice
APRIL 17, 2024
The American Institute of CPAs (AICPA) submitted a letter to the Internal Revenue Service (IRS) requesting clarification and workarounds for the 990 Series Form instructions. A broad category of exempt organizations must file returns with the IRS each year, including hospitals, private foundations, universities, churches and many others. Exempt organizations will generally file a form that is part of the Form 990 series.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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