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.

accounting firms 59

accounting firms Technology Account accounted 59

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

Tax 47

Tax Legal CPA Sales 47

Accounting Today

AUGUST 5, 2024

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

Tax 135

Tax corporation tax 135

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.

Tax 190

Tax CPA 190

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

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.

audit 126

audit Government Tax accounted 126

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 187

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 174

Legal CPA 174

Accounting Today

AUGUST 5, 2024

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

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124

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.

payroll 111

payroll Retail Sales accountant 111

Going Concern

AUGUST 5, 2024

INSIDE Public Accounting has dropped its highly regarded Top 500 list as it does every year around this time and we now know who gets bragging rights as the biggest — Big D, obviously. Quick golf clap for them, everybody. Because it’s 2024 and the profession is currently being disrupted by private equity and spaghetti throwing , some of this data was in desperate need of an update before the virtual ink dried on insidepublicaccounting.com’s CMS (for example, last week’s n

accounting firms 109

accounting firms public accounting Account accounted 109

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Technology

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.

Account 105

Account accountant accounted 105

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 99

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.

accounted 99

accounted Account accountant 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.

Sales 80

Sales Legal Tax 80

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

Accounting Today

AUGUST 5, 2024

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

Account 97

Account accounted accountant 97

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.

cpas 59

cpas double entry bookkeeping Account accounted 59

Accounting Today

AUGUST 5, 2024

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

accounting firms 75

accounting firms accountant accounted Account 75

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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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

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.

accountant 75

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.

cpas 52

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.

Technology 61

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.

Missouri 52

Missouri Illinois Account accounted 52

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

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.

Tax 60

Tax 60

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

accounted 52

accounted Account accountant 52

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.

accounting and finance 52

accounting and finance Finance accountant accounted 52

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.

Technology 105

Technology Education Entertainment CPA 105

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management