Withum

FEBRUARY 7, 2024

Tax season is upon us. Here are some things preparers and clients can do to make the experience more valuable for themselves. Ways to Make Tax Season Better for Clients Avoid spelling errors in client’s or children’s names, addresses, or any information that needs to be provided on the return. Make instructions easy to follow and get rid of unnecessary or indecipherable instructions.

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tax preparation Tax tax return 59

BurklandAssociates

FEBRUARY 7, 2024

Net Revenue Retention (NRR), also known as Net Dollar Retention (NDR) is a key metric for SaaS companies. Measuring NRR provides important insights into a SaaS startup’s retention and expansion Read More The post How to Measure Your SaaS Startup’s Net Revenue Retention (NRR) appeared first on Burkland.

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Acterys

FEBRUARY 7, 2024

Successful planning, budgeting, and forecasting requires having the right strategy and tools to process and analyze vast amounts of data. That’s why Microsoft is constantly updating and expanding features of Power BI. Learn about recent platform updates that help financial professionals uncover insights quickly and efficiently. Plus, find out how to maximize your planning, budgeting, and forecasting processes with a unified approach to data and analytics.

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Sales accounting and finance Start-ups Retail 130

CPA Practice

FEBRUARY 7, 2024

Every year, millions of businesses and other entities have a mini tax season before the real tax season, and many turn to their accounting firm advisors or tax professionals for help. Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so. These companies are required to file a Form 1099-MISC or 1099-NEC for any persons that are considered contractors or vendors to whom they paid $600 or more in the previous calendar year.

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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.

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Acterys

FEBRUARY 7, 2024

Successful planning, budgeting, and forecasting requires having the right strategy and tools to process and analyze vast amounts of data. That’s why Microsoft is constantly updating and expanding features of Power BI. Learn about recent platform updates that help financial professionals uncover insights quickly and efficiently. Plus, find out how to maximize your planning, budgeting, and forecasting processes with a unified approach to data and analytics.

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Sales accounting and finance Start-ups Retail 130

Accounting Today

FEBRUARY 7, 2024

The Treasury Department's Financial Crimes Enforcement Network hopes to deter money laundering in the residential real estate industry with a newly proposed rule.

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Accounting Today

FEBRUARY 7, 2024

Costs to access and connect with certain cloud-based solutions have been increasing, leading to higher technology costs for accounting firms.

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Technology accounting firms accountant Account 124

Insightful Accountant

FEBRUARY 7, 2024

We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.

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Accounting Today

FEBRUARY 7, 2024

A new survey from the ACCA looks at trends in DEI, AI, employee retention, hybrid work and mental health for accountants.

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Insightful Accountant

FEBRUARY 7, 2024

During Acumatica's 2024 Summit, Mikhail (Mike) Shchelkonogov, the company's Chief Technical Officer told those attending that they were in the process of making the biggest technological modernization in Acumatica history.

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Technology 105

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.

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Accounting Today

FEBRUARY 7, 2024

Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.

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income tax Tax 133

Cherry Bekaert

FEBRUARY 7, 2024

Understanding business entities and tax structures can save you a tremendous amount of time, money and potential headaches down the road. Limited liability companies (LLCs) and S corporations (S corps) are often talked about in conjunction with possible types of business entities, but it is not a simple choice between one or the other. Unlike a C corporation, which taxes shareholders separately from the entity, both LLCs and S corps are generally subject to only one layer of taxation at the owne

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CPA Practice

FEBRUARY 7, 2024

Each new year can bring resolutions of change and reflections on past experiences, even for businesses. It’s also when millions of taxpayers and tax professionals get ready to start the annual tax reporting season. While that evokes thoughts of April deadlines and 1040 forms for most Americans, there’s a mini-tax season that comes first: The January 31, 2024, deadline for employers to send 1099 forms to contractors (or others defined as non-employees), and also report that information to the IRS

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Accounting Today

FEBRUARY 7, 2024

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

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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.

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AccountingDepartment

FEBRUARY 7, 2024

In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.

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Accounting Today

FEBRUARY 7, 2024

The Internal Revenue Service has posted a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit to provide more information about the tax break.

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Tax 80

Going Concern

FEBRUARY 7, 2024

If you thought the economy was making a slow and painful U-turn back to better days sorry to say but you were wrong. The good news is this next round of cuts at Deloitte UK will be much smaller than the last round of 800. Reports FT : Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services.

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CPA Practice

FEBRUARY 7, 2024

Top 300 accounting firm Kruggel Lawton CPAs said on Feb. 6 that it’s combining with Cole Gavlas, a Portage, MI-based firm that provides a wide range of accounting services to their clients, including tax, business advisory, financial management, and other advisory offerings. Financial terms of the deal, which will become official on June 1, weren’t disclosed.

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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

Accounting Insight

FEBRUARY 7, 2024

Accountex London returns to ExCeL on 15-16 May 2024. Over ten thousand accountants and finance professionals from across the UK are expected. The 2023 show was hailed as a huge success and celebrated as the largest show in Accountex history. 295 software and service suppliers will be exhibiting, alongside an extensive CPD accredited education programme, to help visitors stay up to date with the evolving landscape of the profession.

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CPA Practice

FEBRUARY 7, 2024

The American Institute of CPAs has submitted a letter to the Financial Crimes Enforcement Network and Internal Revenue Service (IRS) providing recommendations for the Report of Foreign Bank and Financial Accounts to taxpayers impacted by major disasters. AICPA’s recommendations suggest FinCEN automatically match the filing deadline relief for FBARs that the IRS gives to taxpayers in disaster areas.

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Insightful Accountant

FEBRUARY 7, 2024

Social media has given rise to a new breed of financial gurus known as "finfluencers.” These are individuals who have built large followings by making finance relatable and fun through entertaining videos, posts, and more.

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CPA Practice

FEBRUARY 7, 2024

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. This is according to the 2024 U.S. Accounting Industry Report, commissioned by Wolters Kluwer, which polled 1,776 tax and accounting firms of all sizes, also shows that modern accounting practices face a mix of internal and client facing challenges.

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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.

LSLCPAs

FEBRUARY 7, 2024

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No. 96 (GASB 96) Subscriptions, issued by the. The post GASB 96: Lessons Learned for Local Government Organizations appeared first on LSL CPAs.

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CPA Practice

FEBRUARY 7, 2024

The IRS on Wednesday announced the launch of a new webpage that gives information on the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide childcare services to their employees. “This business tax credit helps employers provide their employees with child-care services and facilities,” IRS Commissioner Danny Werfel said in a statement.

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Accounting Today

FEBRUARY 7, 2024

Plus the possibility of an AI voice feature for Google, five cybersecurity trends you can't miss, and other developments in tech from the last month.

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Technology 63

Reckon

FEBRUARY 7, 2024

What’s been cranking in the world of business in the early stages of 2024? We rounded up the top business news for the month of January. Let’s dive in… Revised Stage 3 tax cuts to benefit the overwhelming majority of Australians. Almost every Australian will be receiving a tax break in the upcoming stage three tax cuts. In fact, on average Australians will see an $804 benefit.

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Start-ups Tax Government 52

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.

Ryan Lazanis

FEBRUARY 7, 2024

One of the struggles for most firm owners is the effective delegation of tasks. Learn how to delegate and experience more workload reduction. The post Delegation 101 appeared first on Future Firm.

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CPA Practice

FEBRUARY 7, 2024

By Cory Shaffer, cleveland.com (TNS) A retired IRS agent who was speeding in his Bentley and caused a crash that left a 22-year-old woman dead last year is headed to jail. Cuyahoga County (Ohio) Common Pleas Court Judge David Matia on Tuesday sentenced James Farley, 59, to spend 30 days in the county jail for the collision that killed Samantha Nelson.

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SchoolofBookkeeping

FEBRUARY 7, 2024

Some businesses receive retainers or deposits from customers before performing any services. When they invoice customers for services, those invoices are paid using the money from the deposits. You can set up a deposit or retainer process for your company in QuickBooks Online. The retainer or deposit is treated as a liability to show that, although your business is holding the money from a deposit or retainer, it doesn't belong to you until it's used to pay for services.

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quickbooks accounting and finance Non-Profits Maine 52

CPA Practice

FEBRUARY 7, 2024

By Peter Yankowski, New Haven Register, Connecticut (TNS) An accountant in New Milford, CT, has been charged with stealing tens of thousands of dollars from a small business owner weeks after police charged him with taking money from a different client. Carl Benjamin Anderson was arrested by detectives on Jan. 25 on a warrant charging him with first-degree larceny, the New Milford Police Department said in a news release.

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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.