Thu.Aug 22, 2024

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These Firms Scored High in Disability Friendliness

Going Concern

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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Sales Tax Highlights of August 2024 | TaxConnex

TaxConnex

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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NATP Offers Tax Planning for Military Personnel and Spouses Webinar

Nancy McClelland, LLC

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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Interest Rates to Stay Unchanged for Q4 of 2024, IRS Says

CPA Practice

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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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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China’s About to Dropkick PwC Right in the Wallet

Going Concern

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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IRS Highlights New Payment Options Within Business Tax Account Tool

CPA Practice

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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Recent DoD DFARS Amendments: What You Need to Know

Cherry Bekaert

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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Tax Fraud Blotter: No class

Accounting Today

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

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Licenses and Permits Required for Operating a Restaurant in California: An Overview

KROST

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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FTC ban on worker noncompete deals blocked by federal judge

Accounting Today

U.S. District Judge Ada Brown in Dallas sided with the U.S. Chamber of Commerce and the Texas-based tax firm, Ryan.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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How Art Outreach is drawing on the Xero Beautiful Business Fund to create new possibilities for education

Xero

“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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Pitfalls under the centralized partnership audit regime

Accounting Today

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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Top ProAdvisor Profiles: Sheri Radler and Nikki Mullins

Insightful Accountant

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

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Truckers face looming tax deadline

Accounting Today

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

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Creating Stability and Advancing Growth with SharePoint Online

Cherry Bekaert

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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Starboard urges Autodesk to hold CEO accountable after probe

Accounting Today

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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MHM Has Been Renamed CBIZ CPAs

CPA Practice

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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Top Remote Accountants of the Week | August 22, 2024

Going Concern

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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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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How to Read a Profit and Loss Statement

Ronika Khanna CPA,CA

Whether you're just starting out or a seasoned business owner, it is imperative to understand the financial health of your business. This can be done via a variety of different types of analyses whether you are using an software or a spreadsheet to do your accounting. In terms of the big picture and overall performance of your business, the reports that are collectively referred to as the financial statements are the most crucial.

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Pumpkin Spice and Taxes?

LSLCPAs

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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Tax Expert Provides Insights on IRS’s ERC Voluntary Disclosure Program 2.0

ThomsonReuters

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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Review of Materia – The Accounting Technology Lab Podcast – August 2024

CPA Practice

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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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Xerocon 2024: Xero's Latest Platform Enhancements & Inventory Plus Feature | William Murphy

Insightful Accountant

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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Never Say Never: How LIHTC Developers Can Use New Markets Tax Credits

Cherry Bekaert

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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Travel & Accounting Tips: Gina’s Rome Favorites & Exclusive Perks!

Insightful Accountant

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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Have you received an HMRC nudge letter about CIS returns?

Menzies

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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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

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Xerocon 2024: The 'Coachella for Accountants' | Insights from Ben Richmond

Insightful Accountant

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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PwC expects six-month ban in China for Evergrande audit

Accounting Today

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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Profit-Focused Accounting: Cash Flow Metrics to Grow Your Business

Summit CPA

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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MHM changes name to CBIZ CPAs

Accounting Today

Mayer Hoffman McCann P.C. is changing its name to reduce market confusion and better align its attest practice with CBIZ's non-attest services.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.