AccountingDepartment
DECEMBER 13, 2023
With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.
Accounting Today
DECEMBER 13, 2023
The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two, and four chief executives to lead taxpayer service, compliance, information technology and operations.
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CPA Practice
DECEMBER 13, 2023
By Mike D’Avolio, CPA, JD. The Inflation Reduction Act of 2022 was signed into law on Aug. 16, 2022, providing numerous tax deductions and tax credits for individuals, families and businesses. New tax incentives were added, and existing tax incentives got extended and enhanced. This article covers two home energy tax credits for your individual clients to take advantage of by saving money on their tax returns and conserving energy to help out the environment.
Accounting Today
DECEMBER 13, 2023
The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.
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.
CPA Practice
DECEMBER 13, 2023
A new leadership structure at the IRS will include a single deputy commissioner, instead of two, and four new IRS chief executives who will oversee taxpayer service, tax compliance, IT, and operations. Plans for the new leadership depth chart were unveiled by IRS Commissioner Danny Werfel on Wednesday. The agency noted this is the first shake-up to its leadership structure in more than two decades.
Accounting Today
DECEMBER 13, 2023
The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
DECEMBER 13, 2023
By Clement Feng. Like many other large legislative bills, the Inflation Reduction Act is filled with lots of taxpayer goodies that are hard to find unless you know where they are. Yet, in this case, identifying them is worth the time and effort since they can make a big difference in tax filings for eligible homeowners and business property owners. In fact, this particular legislation may help many more of your clients than CPAs realized when it was first passed in August 2022.
Insightful Accountant
DECEMBER 13, 2023
Fashion shoe brand Manolo Blahnik uses NetSuite to enhance supply chain efficiency, consolidate financial processes, and improve visibility into its growing global operations.
CPA Practice
DECEMBER 13, 2023
By Alex Loewenstein. Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. Busy season is prime time for client engagement, which means there’s a major opportunity for firms to position themselves for client advisory services (CAS).
Insightful Accountant
DECEMBER 13, 2023
Today, BILL unveiled new features for its SMB financial automation software, including a redesigned interface, customizable spend limits, consolidated spend controls, and streamlined budget management.
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
DECEMBER 13, 2023
By Mark Webster. In 2023, the pursuit of side hustles reached an all-time high over the past two decades, as revealed by a recent study from Authority Hacker. This surge can be attributed to several factors: inflation has gone up, but the average American’s wages have stayed the same for decades. On top of that, 49% of adults have less savings compared to a year ago, and 22% have no emergency savings at all, according to Bankrate’s 2023 Emergency Savings Report.
Shay CPA
DECEMBER 13, 2023
By Scott Rosenblum As we head into 2024, founders might be reviewing revenue goals, hiring, operational costs, taxes, and marketing spending. Some may also be considering adding Public Relations to that spend to help build brand awareness. Most founders hear that they need to consider PR, but a majority don’t really understand what that entails. Some experience a lucky break with inbound, organic media coverage and have gotten a taste of how positive publicity can boost a company’s marketing e
Canopy Accounting
DECEMBER 13, 2023
Stephen Smith delves into creating a distinctive niche through partnerships and technology all while finding a work-life balance.
Accounting Today
DECEMBER 13, 2023
What good is a door you don't close? What's the point of going through all the trouble of having a secure space if someone can just walk right in?
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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.
Xero
DECEMBER 13, 2023
In the early 2000s, accessing the internet was through a dial-up connection which could take anywhere from 30 seconds to a couple of minutes to establish a connection. In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. The pace of technological change is accelerating and it’s reshaping just about every aspect of how we live, work, socialise and play.
SkagitCountyTaxServices
DECEMBER 13, 2023
Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your Skagit County business to increase revenue And, while the rest of us are checking off our holiday shopping lists, the IRS is continuing its aggressive focus on checking off false ERC claims.
Accounting Today
DECEMBER 13, 2023
The Securities and Exchange Commission approved the 2024 budget of the Public Company Accounting Oversight Board, totaling $384.7 million, with an accounting support fee totaling $358.8 million.
GrowthForceBlog
DECEMBER 13, 2023
Nonprofit financials are often more difficult to manage than for-profits. Here are some of those challenges and what to do.
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
Accounting Today
DECEMBER 13, 2023
Many students lack the financial resources to pay the tuition and fees needed to become CPAs, according to a new report.
CPA Practice
DECEMBER 13, 2023
StanfordTax is eliminating the time-consuming and inefficient process of creating tax organizers for accountants and tax professionals with a platform driven by artificial intelligence (AI). The new features help eliminate inefficiencies and inaccuracies in the preparation of client tax organizers. The technology consolidates data from 30-plus tax source documents including 1099s, W-2s, K-1s and others, then integrates seamlessly with all major tax software to complete and send the client organi
Accounting Today
DECEMBER 13, 2023
Italy's finance police had claimed that the company failed to pay taxes on about €3.7 billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.
CPA Practice
DECEMBER 13, 2023
The Financial Accounting Standards Board ( FASB ) has published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. “The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the board,” stated FASB Chair Richard R.
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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.
Accounting Today
DECEMBER 13, 2023
Right now, the accountants at the center of the growing talent crisis are cautiously optimistic on the potential of generative AI.
CPA Practice
DECEMBER 13, 2023
BILL, a financial operations platform for small and midsize businesses, has announced new features for its Spend & Expense solution, formerly known as Divvy , to help SMBs and accounting firms gain even greater visibility and control of their business finances. The latest capabilities, complete with a budgets interface redesign, include additional ways to customize spend target limits, consolidate controls to manage spend easier, and group budgets to streamline management of multiple budgets
Accounting Today
DECEMBER 13, 2023
E-invoicing is a reality that businesses must grapple with — and not only in the EU.
CPA Practice
DECEMBER 13, 2023
The American Institute of CPAs has submitted a comment letter to the Internal Revenue Service related to extension requests filed by disaster victims for business. Section 1033 of the Internal Revenue Code allows taxpayers who lose a home or business in a major disaster a certain amount of time to replace their property with no taxable gain being recognized.
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.
Withum
DECEMBER 13, 2023
One measure of a great person is the legacy they leave behind. A person who positively impacted many people in their family and others they came in contact with is someone who had a rich and valuable life. These people should be emulated and their memory treasured. These are comments normally made about someone who passed away. However, what we do while we are still around determines what will be said afterward, and this is a situation you can always do something about.
CPA Practice
DECEMBER 13, 2023
By Adam Taylor. In the world of entrepreneurship, setbacks are often part of the journey. For prospective entrepreneurs who have faced past challenges, the road to establishing their dream business may seem daunting. However, with the right approach and mindset, it is entirely possible to turn past setbacks into valuable lessons and propel your entrepreneurial dreams forward.
LSLCPAs
DECEMBER 13, 2023
In the past couple of months, several of our clients have contacted us to let us know that they have become the victims of external fraud schemes, often involving vendor personnel. External frauds from individuals or groups within—or posing as vendors—is a common and increasing problem for many organizations, but there is a way to. The post 3 Ways to Prevent Vendor Fraud in Your Local Government Finance Department appeared first on LSL CPAs.
CPA Practice
DECEMBER 13, 2023
The American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) together as the Association of International Certified Professional Accountants (the Association) submitted comments to the US Department of the Treasury this week in response to a request for comments on the draft Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One (Pillar One MLC) and accompanying docum
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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.
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