Accounting Today

JULY 24, 2024

The CPA industry is undergoing profound change, reshaping the landscape of professional services.

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cpa firm CPA 138

Withum

JULY 24, 2024

Becoming a partner in a law firm is a significant milestone, but it also comes with important financial considerations. Let’s explore some key points related to new law firm partners and their tax situation: Tax Implications for New Law Firm Partners Switch from W-2 to K-1 Taxation: Upon elevation to partner, there could be a switch from being a W-2 employee to receiving a K-1 to report income to you.

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tax planning Tax tax return CPA 126

Accounting Today

JULY 24, 2024

The Garden State will be the next to join the program next filing season.

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New Jersey Tax 123

Withum

JULY 24, 2024

Rev up for the Summer 2024 issue of Dealer Vision! This newsletter is fueled with insights to drive your dealership in the right direction. Learn more about the latest on warranty reimbursement laws, work-in-process reconciliation, and tips for managing your dealership’s assets, especially cash. Inside This Issue Warranty Reimbursement Laws – It’s Time for an Update The Mystery of Work-In-Process Cash Is Still King Download PDF View Interactive Newsletter CDK Insights Recap Do

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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

JULY 24, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

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accounting standards financial accounting accounted Account 122

Withum

JULY 24, 2024

Explore Other Episodes #CivicWarriors #WithumImpact The post Fundraising Home Runs With Dana-Farber Cancer Institute and the Jimmy Fund appeared first on Withum.

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GrowthForceBlog

JULY 24, 2024

9 min read July 24th, 2024 Financial reporting in any business can be complicated; financial reporting in architecture firms, however, is even more challenging. Why does architecture firm financial reporting pose a unique challenge? Key Takeaways Industry-Specific Financial Reporting Challenges for Architecture Firms: Many businesses are subject to the rules and recommendations put forth by the Financial Accounting Standards Board's (FASB) generally accepted accounting principles (GAAP).

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accounting principles accounting standards financial accounting accountant 89

CPA Practice

JULY 24, 2024

The IRS provided initial guidance on July 24 on how taxpayers can claim the credit for the sequestration of carbon oxide—a tax credit for the capture and use of carbon oxide that was expanded by the Inflation Reduction Act. Notice 2024-60 describes information that must be included in the lifecycle analysis (LCA) report, which the IRS must approve before the taxpayer may claim the utilization of carbon oxide credit, the agency said on Wednesday.

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Tax 98

Xero

JULY 24, 2024

“After my partner and I were attacked in our home, we had a lot of questions about how to help improve the safety of our neighbourhood and a create a sense of community where neighbours don’t hide behind high walls,” said Sheryl Ozinsky, co-founder of Oranjezicht City Farm (OZCF), a non-profit project celebrating local food, culture and community in Cape Town, South Africa.

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Non-Profits accountant accounted Account 83

Accounting Today

JULY 24, 2024

The Internal Revenue Service issued a notice with initial guidance on claiming a tax credit involving carbon sequestration, also known as carbon capture.

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Tax 78

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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.

Technology

Cherry Bekaert

JULY 24, 2024

Changing Leadership for an Ever-Changing Business Environment The Chief Financial Officer (CFO) role has been redefined. Today, CFOs are more than just the heads of finance. Instead, they are being called on to be operational leaders, planners, and visionaries who must help the CEO and other senior executives lead their organizations through changing times by providing insights on financial matters, embracing non-traditional skills, implementing emerging technologies, and championing purpose and

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Technology accounting and finance Non-Profits Finance 64

Going Concern

JULY 24, 2024

Do with that information what you will. Deloitte chose to mark the occasion by asking a few interns to share any advice for future interns. For example: Bring a lot of enthusiasm to your role! Teams appreciate and thrive with interns who are eager and full of energy. Your positive attitude can energize everyone around you! Just going to leave this here !

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Accounting Today

JULY 24, 2024

Corporate performance management solutions provider OneStream debuted today on the Nasdaq with a roughly $490 million IPO

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Finance 56

Going Concern

JULY 24, 2024

Kate Barton, who has worked at EY for longer than many of you reading this have been alive, has been elected as global CEO of Dentons, ‘the world’s largest global law firm.’ Being wholly unfamiliar with law firms here at Going Concern, we decided to fact check that bit. Law.com has them at #5 in revenue after Kirkland & Ellis, Latham & Watkins, DLA Piper, and Baker McKenzie.

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New York Legal Tax accountant 59

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

Insightful Accountant

JULY 24, 2024

This 'help guide' reviews the two minimum criteria for the International ProAdvisor Awards in the context of the specific 'Application Questions' used to solicit that information from applicants.

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Ryan Lazanis

JULY 24, 2024

Discover a step-by-step process to rank your clients and eliminate your worst ones, so you can cut workload and boost profitability. The post Fire Bad Clients to Quickly Add Capacity appeared first on Future Firm.

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accountant accounted Account 52

CPA Practice

JULY 24, 2024

Military households are more likely to have higher assets and less likely to consider debt a problem compared with non-military households. That’s according to new research from the Employee Benefit Research Institute (EBRI) and Greenwald Research. Also, military households with higher incomes are more likely to be confident about retirement prospects than non-military households.

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Non-Profits Education Finance 52

Anders CPA

JULY 24, 2024

Adam Stettner, CEO of FundCanna , joins Guillermo to discuss the financial challenges faced by small businesses in the cannabis industry. Adam highlights the underbanked nature of the industry and the difficulties in accessing traditional bank loans for cannabis funding due to stringent regulations. He explains how FundCanna provides flexible funding solutions to meet the unique revenue cycles and cash flow needs of cannabis businesses.

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CPA Finance Tax 52

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

CPA Practice

JULY 24, 2024

During a keynote speech on leadership at the Tri-Merit Bridging the Gap 2024 conference on July 24, Koltin Consulting Group CEO Allan Koltin asked those in attendance if they watch the show Ted Lasso. A majority of the people in the room at the Loews Chicago O’Hare Hotel in Rosemont, IL, raised their hands. “I’ve got to tell you, it’s one of the greatest television shows on leadership that I’ve ever seen,” Koltin said.

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accounting firms Account accounted accountant 52

Withum

JULY 24, 2024

Work-in-process reconciliation is often a misunderstood accounting task, so we would like to take an opportunity to review it. Accounting never matches the service department’s WIP report. As a result, many of us were taught to make an entry to make them match. Just debit or credit the WIP inventory and offset the difference against cost-of-sales, other service payroll expense, or accrued payroll and then reverse that entry next month and repeat.

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general ledger payroll financial statements Sales 52

Insightful Accountant

JULY 24, 2024

In this Tech Stack series with Kellie Parks CPB, we will cover the essential verticals for building a successful cloud technology ecosystem.

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Technology 52

Withum

JULY 24, 2024

It has been an excellent run for the new dealership industry over the past few years. Profits were at all-time highs, and you finally figured out the business. It had nothing to do with the law of economics, where the demand outweighed the supply. It had to do with the fact that you finally put your years of knowledge together and look at the results.

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payroll Tax accountant 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

Canopy Accounting

JULY 24, 2024

In this episode of the Practice Success Podcast, Lera Kooper, co-owner of Accountability Services, discusses the shift from traditional accounting to a strategic, forward-looking approach. The conversation highlights the importance of proactive planning, the challenges of transitioning to a new business model, and the value of advisory services in modern accounting.

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Account accounted accountant accounting firms 52

Withum

JULY 24, 2024

All fifty U.S. states now have provisions in their dealer franchise laws that require automotive manufacturers and/or distributors to reimburse car dealers at the same retail rates that the dealers charge to their customers for both parts and labor. Some of these laws have been on the books for over 15 years and, during this time, many dealers have exercised their rights to obtain retail rates for warranty parts and labor.

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Dent Moses

JULY 24, 2024

On Monday, CPA Practice Advisor shared a great overview of the CrowdStrike glitch that shutdown airlines and many companies. According to CrowdStrike’s website, it has 29,000 customers around the world, including some of the biggest companies in the US. Microsoft has estimated that the incident, which is being described as one of the worst IT outages in history, impacted 8.5 million computers around the world.

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CPA Practice

JULY 24, 2024

The IRS said this week that individuals and businesses in 67 Texas counties affected by Hurricane Beryl now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This means individuals and households that reside or have a business in the following counties in Texas qualify for tax relief: Anderson, Angelina, Aransas, Austin, Bowie, Brazoria, B

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Tax tax return Texas income tax 52

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

Accounting Today

JULY 24, 2024

The shock replacement of the Democratic presidential candidate less than four months before the election has introduced a new element of uncertainty about the outlook for economic policy in 2025 and beyond.

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Tax tax planning 58