GrowthForceBlog
FEBRUARY 9, 2024
8 min read Businesses hold two types of assets: tangible and intangible. Most business owners are familiar with their tangible assets, the things of value that they can hold and see like their office building, vehicles, supplies, materials, furniture, equipment, and cash. Intangible assets, however, are just as relevant and even more important for some businesses than tangible assets.
Accounting Today
FEBRUARY 9, 2024
The 150-hour requirement for obtaining a CPA license has led to a decline in Black and Latino CPAs of up to 26%, according to a research study.
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MyIRSRelief
FEBRUARY 9, 2024
When the Internal Revenue Service (IRS) imposes a wage or bank levy , it can create a significant financial strain on individuals and businesses alike. A levy is a legal seizure of property to satisfy a tax debt, and when it comes to wages or bank accounts, the impact is direct and immediate. However, there are avenues for obtaining relief from these levies, and understanding these options is crucial for those affected.
Accounting Today
FEBRUARY 9, 2024
A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
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.
CPA Practice
FEBRUARY 9, 2024
While job openings remain elevated and talent shortages persist, there is less attrition in the labor force with fewer workers planning to change jobs this year. According to new research from talent solutions and business consulting firm Robert Half, only 36% of workers plan to look for a new job in the next six months, down from 49% in July 2023. Professionals Most Likely to Make a Move (By Generation and Specialization) Generation February 2024 July 2023 Gen Z 55 % 74 % Millenni
Accounting Today
FEBRUARY 9, 2024
Plus, Schneider Downs launches SD Digital group; and other updates from the accounting technology world.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
FEBRUARY 9, 2024
Schneider Downs launches SD Digital; Bowers CPAs & Advisors relocates in Rochester; and more news from across the profession.
ThomsonReuters
FEBRUARY 9, 2024
As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention.
Cherry Bekaert
FEBRUARY 9, 2024
Grant recipients, and hopeful recipients, are often overwhelmed by the management aspect of their funds. On this episode, Cherry Bekaert experts provide insight on key considerations for a comprehensive grant budget. Kimberly Konczack, an Advisory Manager at Cherry Bekaert, hosted Shuo Zhang, Manager, and Kat Kizior, Senior Associate, to discuss their experience with grants management at state and local organizations, grant budgets and the importance of planning.
Nancy McClelland, LLC
FEBRUARY 9, 2024
(c) NATP If you’re a regular reader, you already know that I’m a huge fan of the National Association of Tax Professionals (NATP), for a bunch of reasons: Fabulous and affordable education with top-notch instructors Straightforward “how-to” resources Practical monthly newsletter with case-studies On-demand “pay as you go” research service And a very fun group of folks at the annual conference!
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Going Concern
FEBRUARY 9, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Accounting Today
FEBRUARY 9, 2024
Many downstream accounting tech solutions are simply not ready for full automation and AI-powered transactions.
Ronika Khanna CPA,CA
FEBRUARY 9, 2024
The first important year end deadline for corporations , with employees, is the end of February. Salary declarations including T4 and RL1 (in Quebec) slips and summaries have to be filed with CRA and RQ. While there are numerous payroll software that handle the filing of the T4 and RL1 slips , the RL1 summary is usually left to the employer (and/or their accountants) to file.
Accounting Today
FEBRUARY 9, 2024
The Internal Revenue Service revised its frequently asked questions page on the Premium Tax Credit used for buying health insurance through the ACA marketplaces.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Randal DeHart
FEBRUARY 9, 2024
As a construction business owner, improving productivity is essential to your company's success. But you may often find yourself pulled in different directions by competing responsibilities. At some point, we all experience that. Classifying tasks and tackling the most time-consuming ones can feel daunting. But why is it so hard for us to start – or even finish – seemingly insignificant tasks?
GrowthForceBlog
FEBRUARY 9, 2024
7 min read With the automation afforded by modern accounting software and accompanying tools, mistakes and errors are few and far between.
AccountingDepartment
FEBRUARY 9, 2024
We are thrilled to announce that Episode 12 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Accounting Today
FEBRUARY 9, 2024
The American Institute of CPAs sent letters to the Treasury and the IRS asking for filing relief for taxpayers affected by major disasters and for more guidance on information returns for grantor trusts.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Withum
FEBRUARY 9, 2024
The transfer pricing landscape constantly evolves with rapidly changing IRS policies and procedures and greater efforts directed towards effective enforcement and identifying noncompliance among taxpayers. Last October, the IRS announced that we could expect new enforcement initiatives using the Inflation Reduction Act (IRA) funding, including a “large foreign-owned corporations transfer pricing initiative.
Accounting Today
FEBRUARY 9, 2024
The short report by Muddy Waters accuses Fairfax of manipulating asset values to the point that a "conservative adjustment" would reduce its book value by roughly $4.5 billion, or 18% lower than reported.
Going Concern
FEBRUARY 9, 2024
A recent piece in Hartford Business talks about accounting firm mergers and the aging partners driving all this M&A activity. The TLDR is tons of firms are looking to sell, not many are eager to buy. Here are a few bullet points for you to chew on: Drew Andrews, managing partner and CEO of Hartford-based accounting and consulting firm Whittlesey, said the main factor driving mergers is the significant number of smaller firms with aging partners who are looking toward retirement, but don’t ha
Accounting Insight
FEBRUARY 9, 2024
Quadient AR and Quadient AP now integrate with Sage Intacct to provide predictive analytics and intelligent insights for North American and European finance teams Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, today announced that its financial automation cloud offerings for accounts receivable (AR) and accounts payable (AP) are endorsed as “Recommended Solutions” by Sage, the leader in accounting, fina
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
CPA Practice
FEBRUARY 9, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss the Acumatica Summit, which they attended in Las Vegas in late January. Acumatica offers an intuitive cloud ERP for businesses. Use the podcast player below to listen to the podcast. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Brian F. Tankersley, CPA.CITP, CGMA, Randy Johnston Randy Johnston 00:03 Well, good day, and welcome to the counting Technology Lab.
Withum
FEBRUARY 9, 2024
Recently, the Internal Revenue Service (“IRS”) and the U.S. Treasury Department (Treasury) released proposed regulations for donor advised funds (DAFs) under section 4966 (REG-142338-07) which includes updated proposed interpretive guidance surrounding excise tax on taxable distributions from a DAF. The regulations propose changes to: The definition of a DAF The exceptions to the definition of a DAF The types of distributions that may be subject to excise taxes What Is a DAF?
SchoolofBookkeeping
FEBRUARY 9, 2024
As tax season kicks into high gear, Intuit QuickBooks is reinforcing its commitment to supporting accounting professionals and their small business clients. In a recent press release, Intuit announced a series of updates aimed at simplifying tax filing processes, reducing stress for accountants, and enhancing overall platform reporting capabilities.
Withum
FEBRUARY 9, 2024
As conversations continue over due diligence for technology companies, it is prudent we build off of Key Areas of Due Diligence for Technology Companies from 2023 and work our way into the forecast ahead in 2024. Podcast Spotlight: Due Diligence for Technology Companies Listen in to this episode of The Capital Table as Steve Brady , Market Leader of Transaction Advisory at Withum, and John Schrumpf , Transaction Advisory Manager, discuss key areas of due diligence for technology companies.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Insightful Accountant
FEBRUARY 9, 2024
Gary, Tim, and Kaleb discuss leveraging integrated tools to achieve "Zero AR" and address talent shortage, capacity planning, and firm growth.
Withum
FEBRUARY 9, 2024
Most of us don’t have hundreds of thousands, millions or even billions of dollars at our disposal to purchase our favorite sports team. However, it is a dream for many sports fans to fantasize about owning a sports team. This dream is becoming reality for some wealthy fans. Some investors are willing to spend significant amounts of money to acquire a small ownership in their favorite sports team.
ThomsonReuters
FEBRUARY 9, 2024
As we look to the future, the path of ambient AI goes beyond the workplace, affecting our daily interactions and experiences. AI-enabled self-driving transportation, real-world trials, and deployments are coming soon, shaping logistics, delivery vehicles, and Uber-like services. AI will become a vital part of our lives, subtly influencing how we operate without being obvious.
Canopy Accounting
FEBRUARY 9, 2024
A new challenge faces the rapidly-changing accounting industry: how to bridge the gap between client expectations and reality. In fact, a staggering 72% of clients in the financial industry consider personalization and convenience as crucial factors influencing their overall satisfaction with a company.
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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.
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