Accounting Insight

AUGUST 5, 2024

In today’s world, embracing the right software tools for accountants is not just a matter of convenience; it’s a fundamental necessity. As the accounting landscape evolves, these tools become indispensable. While your first thought might jump to invoicing tools or actual accounting software, there is a whole world of possible tools that can help you streamline complex workflows, ensure your accountants remain agile in their roles, improve client communication, and more.

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accounting firms Technology accountant Account 59

RogerRossmeisl

AUGUST 5, 2024

Social media gets blamed for a lot these days — sometimes for good reason. Recently, the IRS issued a warning to individual and business taxpayers to beware of false claims about various federal tax breaks that appear on social media platforms. The common denominator of such claims is that they involve legitimate tax provisions for which most taxpayers don’t qualify.

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Tax CPA 183

Accounting Today

AUGUST 5, 2024

A selloff in the riskier corners of the global market deepened, with stocks plunging and traders rushing to the safety of bonds as concerns about a slowdown in the world's largest economy intensified.

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RogerRossmeisl

AUGUST 5, 2024

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close their doors. If this is your situation, we can help you, including taking care of various tax responsibilities. To start with, a business must file a final federal income tax return and some other related forms for the year it closes its doors.

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Tax income tax tax return CPA 182

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.

Account

CPA Practice

AUGUST 5, 2024

Sage , a provider of accounting, financial, HR, retail and payroll technology for small and mid-sized businesses, has announced the launch of Inventory Planner Essentials, a new tool from Inventory Planner by Sage designed specifically to meet the needs of small merchants. Inventory Planner Essentials, initially available exclusively on the Shopify App Store, tackles a major pain point for small merchants: excess, unsold inventory.

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payroll Retail Sales accountant 111

RogerRossmeisl

AUGUST 5, 2024

When a marital estate includes an interest in a closely held business, determining its value for purposes of dividing up assets for a divorce settlement can be challenging. Additionally, part or all of the business may be excluded from the marital estate, depending on state law, legal precedent and prenuptial agreements between the spouses. A business valuation professional can help the parties achieve a fair outcome. 2 components of value The value of a business can be broken down into two piec

Legal 170

Legal CPA 170

Accounting Today

AUGUST 5, 2024

Environmental, social and governance work could be for accountants in the 21st century what tax and audits were in the 20th.

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audit Government Tax accountant 126

CPA Practice

AUGUST 5, 2024

By Steve Saah. CPA firm leaders that view their multigenerational workforce as a source of competitive advantage have the right outlook. Sure, it can be challenging to create a cohesive and productive work environment when you have four or even five different generations working in your organization. But harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success.

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cpa firm CPA accounting and finance Virginia 98

Accounting Today

AUGUST 5, 2024

Beverage giant Coca-Cola said that it will pay the very old debt, but it is still appealing.

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Tax corporation tax 135

Insightful Accountant

AUGUST 5, 2024

Insightful Accountant has released the training schedule for its Be Insightful Premium Content and Training program for the rest of the year.

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accountant Account accounted 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

AUGUST 5, 2024

The Public Company Accounting Oversight Board announced its largest-ever cohort of students will receive $15,000 each, up from $10,000 in previous years.

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accountant Account accounted Education 99

KROST

AUGUST 5, 2024

When contemplating a merger or acquisition, buyers and sellers must decide whether to structure the deal as a stock or asset sale. Each structure carries distinct implications for both parties, influencing aspects such as tax liability, legal considerations, and overall transaction complexity. Understanding these differences is crucial for making an informed decision.

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Sales Legal Tax 80

Accounting Today

AUGUST 5, 2024

And that should be their firm, says David Wurtzbacher of Ascend.

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Going Concern

AUGUST 5, 2024

Is that Sister Minnie in the stock photo? She and I share the same iblis. Good morning! I trust everyone had a good weekend. Thomson Reuters covers value pricing versus traditional fee. Important quote: “To me, the idea of value pricing is that someone is buying a relationship, not a transaction.” — Paul Miller, President of Business by Design, Edina, MN Anyone looking to bring their accounting practice into the 21st century should give that a look.

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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.

financial statements

Accounting Today

AUGUST 5, 2024

The Nasdaq 100 Index posted its biggest intraday drop in nearly two years as investors braced for days of volatility amid rising concerns over a slowing U.S. economy and overheated gains in the technology sector.

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accountant accounted Account 75

LSLCPAs

AUGUST 5, 2024

Imagine a scenario where a person passes away suddenly, leaving behind a complex web of assets, debts, and personal belongings. Without someone designated to manage these affairs, chaos can ensue: legal battles may arise, assets may go unclaimed, and the deceased’s final wishes might never be honored. This highlights the critical importance of having someone.

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cpas Legal Tax 52

Accounting Today

AUGUST 5, 2024

A study says that the most efficient way to use generative AI is a combination of robotic process automation and application programming interfaces, but it is also the most difficult to implement.

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Technology 61

Anders CPA

AUGUST 5, 2024

Audit partner Lesley Sanchez, CPA, was named a St. Louis Small Business Monthly (SBM) Top Accountant for 2024. Each month, SBM polls readers to help identify the best in the area in a particular industry. The August issue focuses on the Top Small Business Accountants and features 8 local accountants who were voted the best in St. Louis. In her feature in the most recent edition of St.

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Missouri Illinois accountant Account 52

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 Today

AUGUST 5, 2024

Top 75 Firm Blue will offer cybersecurity and IT services through a partnership with Pioneer Technology.

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accounting firms accountant accounted Account 75

CPA Practice

AUGUST 5, 2024

Blue & Co., LLC, a top-60 accounting and advisory firm based in Carmel, IN, and Pioneer Technology, an IT solutions expert based in Chattanooga, TN, have announced the formation of a strategic joint venture under the name of Blue Pioneer Consulting. “We are excited to further solidify our legacy of bringing innovative and cutting-edge solutions to our clients,” said Brad Shaw, managing director of Blue & Co., “Our values of being responsive, caring, advocates are what guide us when we ev

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accountant Account accounted 52

Accounting Today

AUGUST 5, 2024

Here are some ways to build your wealth outside your practice.

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accountant Account accounted 97

Cherry Bekaert

AUGUST 5, 2024

In today’s highly competitive business landscape, strategic recruitment plays a crucial role in driving organizational success. External support in recruitment brings substantial benefits, from coping with talent shortages to promoting diversity and fostering innovation. Partnering with the right external support can profoundly impact your organization’s growth and operational efficiency.

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accounting and finance Finance accountant Account 52

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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.

Insightful Accountant

AUGUST 5, 2024

Murph wants to confirm how you should handle certificate uploads if the date on your ProAdvisor certificates doesn't reflect the most current actual re-certification date.

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Accounting Today

AUGUST 5, 2024

The planning strategies for large individual equity holdings pose tax, investment and behavioral questions for financial advisors and their customers.

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Tax 60

RogerRossmeisl

AUGUST 5, 2024

Divorce entails difficult personal issues, and taxes are probably the farthest thing from your mind. However, several tax concerns may need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are six issues to be aware of if you’re in the process of getting a divorce. 1. Personal residence sale In general, if a couple sells their home in connection with a divorce or legal separation, they should be able to avoid tax on up t

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Tax Legal CPA Sales 46

CPA Practice

AUGUST 5, 2024

Botkeeper is has announced the keynote speaker and other details of its upcoming conference AI Unchained 2024. Kal Penn will headline AI Unchained 2024, an electrifying, three-day event taking place in picturesque Santa Rosa, California, from October 8-10, 2024. The one-of-a-kind event will merge automation and artificial intelligence technology with unparalleled networking and educational opportunities.

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Technology Education Entertainment CPA 104

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.