Going Concern

AUGUST 22, 2024

Earlier today Grant Thornton put out a press release about being named to a 2024 “Best Places to Work for Disability Inclusion” list so naturally we said “the what list now?” and went digging. The Best Places to Work for Disability Inclusion list belongs to Disability:IN, a nonprofit “committed to empowering business to achieve disability inclusion and equality.” The Disability Equality Index covers Culture & Leadership, Enterprise-Wide Access, Employment Practices, C

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TaxConnex

AUGUST 22, 2024

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Another RDFer? The state of Washington is inching toward instituting a retail delivery fee. “Analysis reveals that a fee in Washington of 30 cents per order could generate between $45 and $112 million in revenues in 2026, growing to between $59 and $160 million by 2030,” reads a recent report by the Washington State Joint Transportation Committee.

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CPA Practice

AUGUST 22, 2024

Interest rates will remain the same for the calendar quarter beginning on Oct. 1, the IRS said on Wednesday. The interest rate for tax overpayments and underpayments for individuals will be 8% per year and 7% for corporations, compounded daily. Interest rates have stayed at their current levels since the fourth quarter of 2023 , when they increased from 7% for individuals and 6% for corporations.

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Tax 111

Nancy McClelland, LLC

AUGUST 22, 2024

My cousin, Lt. Col. David Oclander , Battalion Commander, on the left. As regular readers know, I’m a big fan of the National Association of Tax Professionals. They generally provide top-notch education, and I appreciate the fact that they do not discriminate against non-credentialed tax pros. Before I became a CPA, that was where I got most of my continuing education, because organizations like AICPA or NAEA are restricted to those with licenses.

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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.

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CPA Practice

AUGUST 22, 2024

The IRS said earlier this week that it’s continuing to expand features within its online self-service tool for businesses, launched last October as part of the agency’s service improvement initiative funded under the Inflation Reduction Act. When fully developed, business tax account (BTA) will allow many types of business taxpayers to check their tax history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS.

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Going Concern

AUGUST 22, 2024

This would be a highly inappropriate article to use PwC Chad on. Perhaps our own regulators could learn a thing or two from China about handing down punishments to audit firms. If you want it to hurt, hit ’em where it counts: their pockets. For months now, PwC China has been dealing with the fallout of former client and currently bankrupt property developer Evergrande inflating revenues and then defaulting on its debts.

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Cherry Bekaert

AUGUST 22, 2024

The Department of Defense (DoD) has proposed amendments to the Defense Federal Acquisition Regulation Supplement (DFARS) to incorporate Cybersecurity Maturity Model Certification (CMMC) 2.0 requirements into defense contracts. Published in August 2024, these changes highlight the DoD’s commitment to strengthening cybersecurity across its supply chain, reflecting broader efforts to protect sensitive information within the Defense Industrial Base (DIB).

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Accounting Today

AUGUST 22, 2024

Pushing 100 notices; nothing but the tooth; checking out; and other highlights of recent tax cases.

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AccountingDepartment

AUGUST 22, 2024

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help small business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. In this blog post, we'll explore the top 10 KPIs every SMB owner should track for sustained growth in 2025.

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Accounting Today

AUGUST 22, 2024

Six years of the Centralized Partnership Audit Regime have elucidated a central understanding: the provisions present plenty of potential pitfalls for partnerships, partnership representatives and the partners.

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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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KROST

AUGUST 22, 2024

It is no secret that a tremendous amount of work goes into opening and running a restaurant. One part of it is getting all the proper licenses and permits required to legally open and operate the business in the state, county and city it is located in. We are providing an overview of some of Read the full article. The post Licenses and Permits Required for Operating a Restaurant in California: An Overview appeared first on KROST.

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Accounting Today

AUGUST 22, 2024

Operators of large trucks and buses must file their Form 2290 by Sept. 3.

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Xero

AUGUST 22, 2024

“I used to volunteer at a local food distribution program. Seeing the kids we served take food to their home made me want to do something beyond just providing a basic necessity,” said Mae Anderson, Chairman of Art Outreach , a non-profit arts intermediary dedicated to supporting art practitioners as well as championing art appreciation and visual literacy in Singapore.

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Accounting Today

AUGUST 22, 2024

Starboard Value LP urged Autodesk Inc.'s board to evaluate whether Chief Executive Officer Andrew Anagnost is the right person to lead the company following recent accounting issues.

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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.

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Insightful Accountant

AUGUST 22, 2024

Sheri Radler and Nikki Mullins are our featured Top ProAdvisors this week.

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Cherry Bekaert

AUGUST 22, 2024

Contributor: John Ford In June 2024, the Cost Accounting Standards Board (CASB) published three significant actions in the Federal Register. First, on June 18, the CASB issued a request for public comments concerning options for clarifying the applicability of the Cost Accounting Standards (CAS) to what the CASB called indefinite delivery vehicles (IDVs).

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Going Concern

AUGUST 22, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22103110 Certifications: CPA Candidate Education: BS, Accounting Experience (years):

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CPA Practice

AUGUST 22, 2024

Kansas City, MO-based Mayer Hoffman McCann (MHM) has changed its name to CBIZ CPAs, according to a Aug. 21 media release. The now-former MHM is a national independent CPA firm with which CBIZ has had an administrative service agreement for more than 25 years. It’s a separate legal entity from CBIZ. With 35 offices nationwide, the firm specializes in audit and attest services for businesses and not-for-profit organizations.

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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

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Cherry Bekaert

AUGUST 22, 2024

Supply chain disruptions, talent shortages, cybersecurity threats, rising interest rates and global economic uncertainty continue to impact the business landscape in 2024. To effectively address these challenges, organizations are continuing to focus on strategies that will create stability and growth potential in the wake of uncertainty. For many business leaders, the future of work involves cultivating a culture of agility, advancing technology investments, and accelerating their digital trans

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Technology 59

LSLCPAs

AUGUST 22, 2024

As we enter the third month of summer: Pumpkin Spice Lattes have returned; Students are headed back to school; and, Our government has delivered long-promised family and business friendly tax changes. Sorry, but it looks like we’re going to have to settle for the first two out of three! Prospects for Tax Reform Continue to. The post Pumpkin Spice and Taxes?

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ThomsonReuters

AUGUST 22, 2024

In response to complexities surrounding the Employee Retention Credit (ERC), the IRS launched a second Voluntary Disclosure Program (VDP) aimed at providing clarity and assistance to businesses grappling with their claims. As the landscape of tax credits transitions, understanding the implications of this program is crucial for employers who may face uncertainty about their eligibility and potential liabilities.

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CPA Practice

AUGUST 22, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Materia , a generative AI platform for “intelligent accounting.” Materia helps accelerate accounting and assurance practices with an end-to-end platform. Use the video player below to watch, or the podcast player below to listen to the podcast. – Or use the below podcast player to listen: – Transcript (Note: There may be typos due to automated transcription errors.

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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 22, 2024

In this episode from Xerocon 2024, host Gary DeHart and lead technical editor William "Murph" Murphy dive into the latest updates on Xero's platform. Xero is enhancing its services to be more insightful, powerful, and customizable.

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CPA Practice

AUGUST 22, 2024

Charitable giving in the U.S. fell by about $20 billion in 2018, the first year of the 2017 Tax Cuts and Jobs Act’s (TCJA) implementation, because of the law’s change to the standard deduction for individual income taxes, a new academic study reveals. “TCJA was a three-trillion-dollar policy and created the largest change in U.S. giving incentives in a generation.

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Insightful Accountant

AUGUST 22, 2024

In the latest episode of the Accounting Insiders podcast, hosted by Gary DeHart and guest Gina Allard, discussed several key topics, focusing on the intersection of travel and accounting.

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Cherry Bekaert

AUGUST 22, 2024

Contributors: Joe Hennessee | Strategic Financing Services Senior Manager David Altman | Strategic Financing Services Senior Manager Trevor Nelson | Strategic Financing Services Manager Benefits of Combining Low-Income Housing Tax Credits (LIHTCs) and New Markets Tax Credit (NMTC) Financing for Affordable Housing Development When it comes to affordable housing development, Low-Income Housing Tax Credits (LIHTC) have been the go-to tool for developers for decades.

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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.

Insightful Accountant

AUGUST 22, 2024

Join us as we dive into the upcoming Xerocon with newly appointed Managing Director for North America, Ben Richmond. Described as the "Coachella for accountants," this event is set to attract a global audience and inspire the accounting community.

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accountant Account accounted 52

Menzies

AUGUST 22, 2024

Menzies LLP - A leading chartered accountancy firm. HMRC have advised that they have commenced a new ‘ One To Many ’ letter campaign in respect of Construction Industry Scheme (CIS) contractors, prompting them to verify the CIS tax status of their subcontractors and to check CIS tax has been appropriately deducted and paid. What is CIS? Broadly the scheme exists to shift the responsibility for paying tax from the subcontractor to the contractor, in an attempt to combat fraud in the industry.

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Accounting Today

AUGUST 22, 2024

PricewaterhouseCoopers LLP's China unit expects the Chinese government to hand down a six-month ban as part of punishment over its audit of failed property giant China Evergrande Group, according to a person familiar with the matter.

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Summit CPA

AUGUST 22, 2024

What are the cash flow metrics you could use to grow your business? Find out the methods our virtual CFOs use with their clients.

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