CPA Practice

OCTOBER 14, 2024

A new survey from Big Four firm EY reveals that CFOs’ and corporate tax leaders’ stances on generative artificial intelligence have shifted over the past year—from mostly negative to mostly positive. Of the more than 1,600 professionals who participated in the 2024 EY Tax and Finance Operations Survey, 87% say they believe integrating GenAI will drive increased efficiency and effectiveness within the tax function, up significantly from 15% in 2023.

corporation tax 117

corporation tax Tax Finance Technology 117

Accounting Today

OCTOBER 14, 2024

Changes are only accomplished if the firm leaders are committed to improvements.

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accounting system Account accounted accountant 78

CPA Practice

OCTOBER 14, 2024

Nominations for the 2024 Awards are now open. Click here to go to the free nomination form. Multiple nominations do not enhance a candidate’s chances. There are no costs associated with these awards or the nomination process. The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession by visibly and incrementally changing the accounting profession through their exemplary leadership, their innovative thinking, their collab

tax preparation 128

tax preparation Education public accounting Gaming 128

Accounting Today

OCTOBER 14, 2024

The Top 25 Firm has acquired the Georgia-based Microsoft reseller, as well as an affiliated software developer.

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Georgia 72

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.

Finance

CPA Practice

OCTOBER 14, 2024

Women CEOs at large U.S. public companies outearned their male counterparts in 2024. The median compensation for female CEOs in the S&P 500 was $16.4 million, while their male counterparts earned $15.6 million. Despite higher compensation, the new report by The Conference Board, ESGAUGE, and FW Cook notes that women continue to hold few CEO positions in corporate America—just 7.9% in the S&P 500.

accounted 115

accounted Account accountant 115

Going Concern

OCTOBER 14, 2024

Yo. It’s Monday, some stuff happened over the weekend, let’s get right to it. An ‘everygirl’ tells the tale of being pressured to choose a major, landing on accounting, and regretting the decision in ‘ I Was Dedicated to My 5-Year Plan—and Then It Blew Up in My Face ‘: It was the fall semester of my sophomore year of college.

Account 59

Account accounted accountant audit 59

Insightful Accountant

OCTOBER 14, 2024

The 2025 ProAdvisor Awards are already underway, hundreds of ProAdvisors have already been nominated or have applied. You can also nominate a deserving ProAdvisor or start your application today, learn more inside.

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CPA Practice

OCTOBER 14, 2024

TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts. The irritation factor for some tax professionals and CPAs who provide tax preparation services is that Intuit, the maker of TurboTax and several other consumer business programs, also produces a range of tax preparation system

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Tax tax preparation quickbooks cpas 105

Anders CPA

OCTOBER 14, 2024

Maintaining robust internal controls in your 401(k) plan is essential not only for compliance but for ensuring the accuracy of financial statements for your audit. From an auditor’s perspective, these controls provide a solid foundation of trust, allowing the audit process to be more efficient and less costly. Without effective controls, audits become time-consuming and expensive, as auditors are forced to double-check every detail.

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audit CPA auditor payroll 52

CPA Practice

OCTOBER 14, 2024

Optimism among mid-market business leaders has reached a record high with 74% optimistic about the outlook for their economy over the next 12 months (up three points from Q2 2024), according to Grant Thornton’s latest International Business Report (IBR). This increase in confidence appears to be driven by a drop in concerns about business constraints.

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Non-Profits accounting and finance Finance accountant 52

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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.

Technology

VJM Global

OCTOBER 14, 2024

CBIC received various representations with respect to the admissibility of Input Tax credits on demo vehicles in pursuance of Section 17(5) of the CGST Act. The demo vehicles are maintained by authorized dealers as per dealership norms and are used for providing a trial run and for demonstrating features of the vehicle to potential buyers. Demo vehicles are purchased by the authorized dealers from the vehicle manufacturers against tax invoices and are generally reflected as capital assets in th

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Transportation Manufacturing Tax income tax 52

FraudFiles

OCTOBER 14, 2024

An investigative policy is an important tool to help manage the process of initiating a corporate fraud investigation. Doing so will help bring uniformity to the evaluation of fraud allegations, and it will help guide management through the decision making relative to the claims. The first step in creating an investigative policy is drafting a [.

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VJM Global

OCTOBER 14, 2024

To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) has been introduced by the GSTN. The facility has been made live on the GST portal with effect from 1st October 2024. The IMS shall allow the taxpayer to take action on the invoice reflected in the IMS, i.e., the Recipient may mark the invoice as accepted or rejected or for later use.

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B2B Gaming Tax 52

Withum

OCTOBER 14, 2024

Withum, together with DwellFi and Cole-Frieman & Mallon , are pleased to announce the release of a comprehensive survey report titled ‘ The State of Applied AI in Fund Administration ,’ conducted by Alternatives Watch. The survey gathered responses from senior executives at fund administrators ranging in AUA, and reveals a rapidly evolving landscape where Gen AI is becoming a critical differentiator.

Finance 52

Finance 52

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.

payroll

CPA Practice

OCTOBER 14, 2024

Top 25 accounting firm Cherry Bekaert is expanding its enterprise resource planning (ERP) and technology and consulting capabilities by acquiring ArcherPoint, a Microsoft Certified Solutions partner servicing clients across North America and Europe, as well as an ArcherPoint affiliate, Suite Engine, a solutions developer for Microsoft Dynamics 365 Business Central.

accounting firms 52

accounting firms Construction Retail Manufacturing 52

Going Concern

OCTOBER 14, 2024

For the second year in a row, EY is pushing back start dates for some new hires, in this case about 200 people who were expecting to start at Parthenon next month or in January. Earlier start date deferrals happened in November and August of 2023 , there may be more we haven’t mentioned. Probably are more. FT : On a call with staff, EY-Parthenon bosses blamed a disappointing market for mergers and acquisitions and private equity activity, meaning advisory revenue growth has been slower tha

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audit 126

CPA Practice

OCTOBER 14, 2024

The IRS is granting certain tax-exempt organizations that are making an elective payment election a six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return , with relevant schedules and forms, the agency said on Oct. 11. This relief means that applicable tax-exempt organizations that were required to but didn’t file a timely extension on Form 8868, Application for Extension of Time to File an Exempt Organization Return ,

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Tax income tax tax return 123

Anders CPA

OCTOBER 14, 2024

Nobody knows your business like you do. Your management team is on top of key performance metrics (KPIs) daily, such as mpg, dwell time, gross profit, idle time, revenue per tractor/trailer ratios – monitoring your company’s every move. You and your team know your business – and how to guide it to success. But what about when you need to communicate your businesses’ value outside of your team?

Transportation 52

Transportation CPA Maine Finance 52

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.

Finance

CPA Practice

OCTOBER 14, 2024

The American Institute of CPAs recently submitted a comment letter to the Department of the Treasury and the Internal Revenue Service in response to their release of a guidance package addressing certain basis-shifting transactions involving partnerships and related parties. On June 17, 2024, Treasury and the IRS issued a guidance package targeting related parties and partnerships, which structure transactions to take advantage of the basis-adjustment provisions of subchapter K.

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cpas Tax 64

Withum

OCTOBER 14, 2024

Doing business through a partnership has many benefits, such as allowing for a pass-through (conduit) regime of taxation and great flexibility in allocating profit and loss among the partners. Liabilities under the aggregate concept of partnership taxation are included in the partners outside basis of its interest. Internal Revenue Code (IRC) Section 752 accomplishes this by treating changes in the partnership’s liabilities as deemed contributions and distributions to and from the partnership.

Non-Profits 52

Non-Profits Construction Real Estate Tax 52

ThomsonReuters

OCTOBER 14, 2024

In recent years, trade sanctions have become an increasingly important, and well-used foreign policy tool for governments worldwide. Companies have to navigate a vastly expanded sanctions environment, in which regulations are multiplying, international cooperation is becoming more joined, and enforcement action is intensifying. The number of sanctions measures is also growing.

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Technology Government Tax accountant 52