AccountingDepartment
DECEMBER 19, 2023
Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.
BurklandAssociates
DECEMBER 19, 2023
2023 was another interesting and challenging year for startups and investors. Our readers found these blog articles to be especially helpful. The post Readers’ Favorites: Our Top Blog Posts of 2023 appeared first on Burkland.
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TaxConnex
DECEMBER 19, 2023
This blog is an excerpt from our eBook with The CommLaw Group. As a communications company, you face some of the most complex tax and regulatory rules of any industry. Whether you run an established business or you’re thinking about entering the VoIP, UCaaS, or other telecom market, it is important to understand your compliance obligations. Just as important … you need to comply while keeping your price competitive.
CPA Practice
DECEMBER 19, 2023
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic, the agency said on Tuesday. Because automated collection notices were paused during that two-year span, the IRS also said today it will be providing about $1 billion in penalty relief to approximately 4.7 million individuals, businesses, and tax-exempt organizations that weren’t sent collection reminders about their overdue taxes during the pandemic.
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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.
Accounting Today
DECEMBER 19, 2023
The top state in the ranking received a total score for financial literacy of 69.06 out of 100.
CPA Practice
DECEMBER 19, 2023
By Gail Cole. Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition in the Empire State. The rate would be 11% to match the federal firearms and ammunition excise tax as well as the new California tax on guns and ammo dealers.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
DECEMBER 19, 2023
In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity. This guide aims to demystify AI for small accounting firms, providing actionable insights into adopting this transformative technology to enhance efficiency, accuracy and value in your services.
ThomsonReuters
DECEMBER 19, 2023
Jump to: How do renewable energy tax credits work? What renewable energy tax incentives does the IRS offer for individuals vs. businesses? Overview of clean energy credits by energy type Helping clients with renewable energy credits In recent years, the U.S. and other countries around the world have placed a growing emphasis on sustainability and green energy.
CPA Practice
DECEMBER 19, 2023
Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. And for well over a third (38%) of workers in the profession recently surveyed by Robert Half, generative AI is one technology that they expect will make a positive impact on their careers. That includes creating more demand for their skills.
Insightful Accountant
DECEMBER 19, 2023
Insightful Accountant will host a 'talkative' ProAdvisor Meetup for our first QB Talks of 2024. ProAdvisors are invited to this 'open mic' discussion of issues surrounding the ProAdvisor Awards, the ProAdvisor Program and QuickBooks Desktop 2024.
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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.
CPA Practice
DECEMBER 19, 2023
With so little time left in the year, some of your clients might want to incorporate as soon as possible. However, there may be some benefits of slowing them down with a delayed filing rather than a standard incorporation filing. Here’s what’s involved in a delayed filing so you can advise your clients on their options. Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer.
Accounting Today
DECEMBER 19, 2023
Accounting firm leaders need to take the lead in welcoming new clients.
CPA Practice
DECEMBER 19, 2023
The Financial Accounting Standards Board (FASB) on Dec. 18 released the following taxonomies for 2024: GAAP Financial Reporting Taxonomy (GRT), SEC Reporting Taxonomy (SRT), and DQC Rules Taxonomy (DQCRT). The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos. 33-11070; 34-95025 ( annual reports for employee benefit plans for Form 11-K ), crypto assets , segment reporting , improve
Accounting Today
DECEMBER 19, 2023
The AI landscape has a lot of misconceptions and overblown claims. We asked AI thought leaders in the accounting field what some of the worst were.
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
DECEMBER 19, 2023
By Gail Cole. The start of a month typically brings some number of tax-related changes. Some of the standouts for December 2023 are described below. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County.
Accounting Today
DECEMBER 19, 2023
Stakeholders have until March 18 to comment on the proposed accounting standards update.
Withum
DECEMBER 19, 2023
The overhauled model for estimating the collectability of receivables is here for private companies and smaller reporting companies. For accelerated and large accelerated filers, this model has been effective for fiscal years beginning after December 15, 2019. The new guidance issued in Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 is effective for fiscal years beginning after December 31, 2022 for these companies.
Accounting Today
DECEMBER 19, 2023
The Houston-based firm has acquired local CPA firm Gummer Group.
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.
CPA Practice
DECEMBER 19, 2023
Top 30 accounting firm Aprio has expanded into Texas after merging with San Antonio-based Ridout Barrett & Co. CPAs & Advisors (RBC). Financial terms of the deal were not disclosed. Aprio has gained more than 50 partners and professionals from RBC, which also has an office in Austin. Founded in 1986, RBC has deep experience providing accounting and business consulting services to its clients, especially those in the construction and real estate industries.
Anders CPA
DECEMBER 19, 2023
Water treatment facilities are critical for their communities but inadequate or outdated cybersecurity measures could leave them vulnerable to hackers. Prevent hackers from taking control of vital infrastructure and posing a serious public health threat to nearby residents with basic deterrents such as a next-generation firewall and other cybersecurity strategies to provide ongoing support and monitoring to keep one of our most precious resources protected.
CPA Practice
DECEMBER 19, 2023
Big Four firm PwC has signed a definitive agreement to acquire Surfaceink, a well-known San Jose, CA-based product design, development, and engineering services firm specializing in consumer electronics and Internet of Things initiatives. The proposed acquisition, announced on Dec. 11, is subject to customary closing conditions and regulatory approvals.
Accounting Today
DECEMBER 19, 2023
The Big Four firm shared its outlook on generative AI in the coming years, saying accountants should prepare for major changes or else be outcompeted.
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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.
Withum
DECEMBER 19, 2023
The world of digital transformation is constantly evolving and changing, and so are the tech trends that shape it. In 2024, we can expect to see some amazing workplace technology innovations and breakthroughs in the fields of artificial intelligence, cloud computing, cybersecurity, automation and more. These digital transformation trends will not only enhance our personal and professional lives, but also challenge us to adapt and learn new skills.
Accounting Today
DECEMBER 19, 2023
Too much money; five little letters on how clients might see you; loss-harvesting season; and other highlights from our favorite tax bloggers.
Withum
DECEMBER 19, 2023
DOL CAP Audit Series A visit from the Department of Labor (“DOL”) is enough to strike fear into the heart of any Union officer. There are several reasons that the DOL could decide to come and spend some time with your Union, but one of the most common relates to the Compliance Audit Program (“CAP”). Here is some guidance that can assist you with understanding and preparing for the possibility or actuality of a CAP audit.
Accounting Today
DECEMBER 19, 2023
As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "How would you fix the pipeline problem of too few people entering the profession?
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.
Withum
DECEMBER 19, 2023
For e-commerce startups, the path to sustainable growth involves not only selling products but also maintaining transparent and accurate financial records. As these companies gain traction and seek external investments, audited financial statements play a crucial role in instilling trust among stakeholders, investors, and potential partners. 10 Key Steps Here are the key steps startup e-commerce companies can take to prepare for their audited financial statements.
Summit CPA
DECEMBER 19, 2023
Free Webinar: The Modern Framework for Measuring & Optimizing Agency Profitability Using Three Simple Metrics that Anyone Can Track, January 18th at 1pm ET
Menzies
DECEMBER 19, 2023
Menzies LLP - A leading chartered accountancy firm. Developing good products and services is important, but it is not everything – commercially there are a number of pieces of the jigsaw that need to come together if a business is to achieve its potential and fulfil the owner’s dreams. Ultimately, profitability must be a key consideration – if you are not making a profit then the longer-term viability of the business is doubtful.
Summit CPA
DECEMBER 19, 2023
Free Webinar: The Modern Framework for Measuring & Optimizing Agency Profitability Using Three Simple Metrics that Anyone Can Track, January 18th at 1pm ET
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.
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