AccountingDepartment

OCTOBER 22, 2024

In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. On the surface, these services may appear attractive due to their low costs and initial benefits. However, SMB owners, entrepreneurs, and finance professionals need to tread carefully.

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TaxConnex

OCTOBER 22, 2024

There’s always something changing in the world of sales tax. Here’s a review of some of the recent updates. Another one down. Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. The Commission has amended the Alaska Remote Seller Uniform Code to ax the 200-transaction threshold, and after Jan. 1, 2025, sellers will only have to register wi

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BurklandAssociates

OCTOBER 22, 2024

The Rule of 40 helps you balance rapid growth with long-term profitability as you scale your SaaS startup. The post Achieve Sustainable SaaS Growth with the Rule of 40 appeared first on Burkland.

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CPA Practice

OCTOBER 22, 2024

The IRS on Oct. 22 released updated tax brackets and standard deductions for 2025. While the actual percentages of the tax brackets will remain the same until next year because of the Tax Cuts and Jobs Act of 2017, the income levels of each bracket change annually to adjust to inflation. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026.

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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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Accounting Today

OCTOBER 22, 2024

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

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CPA Practice

OCTOBER 22, 2024

Grant Thornton, a provider of end-to-end audit, assurance, tax and advisory services, has appointed Greg Davis to lead the firm’s Workday practice. Grant Thornton has also enhanced its Workday leadership team with the addition of Andrew (Drew) Houts, who joins the firm with nearly a decade of Workday ecosystem leadership experience. Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources.

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CPA Practice

OCTOBER 22, 2024

In May of 2024, the Department of Justice (DOJ) issued proposed language that would reschedule marijuana from a Schedule I controlled substance to a Schedule III controlled substance, subject to section 280E of the Internal Revenue Code. The American Institute of CPAs submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) requesting guidance for cannabis businesses in advance of the impending transition away from engaging in a trade or business that subjects

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Accounting Today

OCTOBER 22, 2024

Materia's platform can answer accounting queries in plain language and embed citations so users can verify the information.

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CPA Practice

OCTOBER 22, 2024

As residents across the southeast continue to pull their lives back together following the devastating destruction of Hurricanes Helene and Milton, the personal financial planning experts at the American Institute of CPAs are offering tips to help with financial well-being and planning for the future. “Victims have a lot of things to sort through following a major disaster, including getting their financial house in order,” says Dan Snyder, director, Public Accounting (Personal Financial Plannin

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Accounting Today

OCTOBER 22, 2024

The Public Company Accounting Oversight Board imposed a $50,000 fine, revoked the firm's registration and barred its partner.

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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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CPA Practice

OCTOBER 22, 2024

As the year ends, you have a unique opportunity to engage clients and showcase your expertise with year-end marketing initiatives. Here are some effective year-end marketing tips to help you to make the most of the season. Promote Year-End Tax Planning Services Offer a blog series, webinars, or video content focused on year-end tax planning strategies.

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Accounting Today

OCTOBER 22, 2024

Regardless of the election results, we will see some tax legislation next year, says one expert.

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Withum

OCTOBER 22, 2024

On August 23, 2024, Johnson & Johnson Health Care Systems Inc. (JJHCS) announced to the Disproportionate Share Hospital (DSH) Covered Entities that it was updating its discount policy on Stelara and Xarelto to a rebate model. The 340B program allows DSH entities to purchase eligible drugs at discounted rates up-front and prescribe themto individuals with income levels below the federal poverty line.

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Accounting Today

OCTOBER 22, 2024

The Redmond, Washington-based software maker said it would roll out 10 "autonomous agents" to complete tasks on behalf of people in areas such as sales, customer support and accounting.

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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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Cherry Bekaert

OCTOBER 22, 2024

Cherry Bekaert sends its sincere condolences to all those impacted by the recent storms, including Hurricanes Helene and Milton. As hurricane season continues to devastate communities throughout the Southeast, the Firm’s grant management professionals have compiled a list of common questions and answers for organizations seeking assistance through the Federal Emergency Management Agency’s Public Assistance (PA) Program.

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Accounting Today

OCTOBER 22, 2024

Global confidence among accountants globally declined in the third quarter to its lowest level since 2023, although confidence increased in North America.

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Cherry Bekaert

OCTOBER 22, 2024

A B2B subscription-based billing and financial operations Software-as-a-Service (SaaS) company (the Company) engaged Cherry Bekaert tax professionals to file prior returns and close accounts. In reviewing the Company’s data, the Firm’s Sales & Use Tax team realized its tax compliance software was not properly set up according to current sales tax regulations for SaaS companies.

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Withum

OCTOBER 22, 2024

The suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. There are three major stock market indexes, which are the most widely quoted and significant market benchmarks: the Dow Jones Industrial Average, the S&P 500 Index and the NASDAQ Composite Index. Beyond the Big Three Indexes These three indexes reflect the changes in their components, which many individual investors use to measure the performance of their portfolios.

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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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CPA Practice

OCTOBER 22, 2024

If you’ve worried that growing clients are ready for an enterprise resource planning (ERP) platform, but would be overpaying for an overpowered and overly complicated solution, the worry stops now. Intuit launched Intuit Enterprise Suite on Sept. 17 to provide right-sized solutions for growing, complex businesses that need advanced reporting, financial planning and analysis (FP&A), and business management tools, all with a single login.

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inDinero Tax Tips

OCTOBER 22, 2024

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate. In this article, we’ll cover everything you need to know about Nevada LLC taxes, from pass-through treatment to self-employment, sales, and payroll taxes.

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CPA Practice

OCTOBER 22, 2024

Top 10 accounting firm Forvis Mazars has launched SALT Explorer, a sales and use tax estimation platform for its construction industry clients navigating their state and local tax (SALT) challenges. SALT Explorer provides sales and use tax estimates for incorporation into project bids, helping reduce the risk of sales and use tax exposure and enhancing financial performance, the firm says in a media release.

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Accounting Today

OCTOBER 22, 2024

Local measures galore; AI to the rescue; franchisees' checklist; and other highlights from our favorite tax bloggers.

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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.

CPA Practice

OCTOBER 22, 2024

A year after posting nearly double-digit revenue growth , EY said on Oct. 17 that its global revenue increased 3.8% in U.S. currency terms in 2024 to $51.2 billion for the year ending June 30. That represents 3.9% revenue growth in local currency terms, the Big Four accounting firm said. In 2023, EY hauled in revenue of $49.35 billion globally, an increase of 9.3% in U.S. currency terms and 14.2% in local currency terms from $45.4 billion in 2022.

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Insightful Accountant

OCTOBER 22, 2024

Tomorrow, Murph is presenting a 'Be Insightful' program covering ERP Alternatives to QuickBooks. The program includes the 10/24/24 webinar, a Blue Paper, and a follow-up Question & Answer workshop.

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CPA Practice

OCTOBER 22, 2024

By Nicola M. White Bloomberg News (TNS) The U.S. Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies. Investment advisers, brokers, clearing agencies and others can expect the SEC to focus on their statements about AI tools to ensure they comply with agency rules, according to a Division of Examinations report published Monday.

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Canopy Accounting

OCTOBER 22, 2024

What's new: Data is only as powerful as the reports where it is displayed. We recently added several visualizations across multiple reports to help you action your data. AR Aging: View clients’ unpaid invoices at a glance, drill down by invoice to see detailed history, or filter by date to focus on current balances. Budget v. Actual: Quickly compare budgeted hours with actual performance.

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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.

CPA Practice

OCTOBER 22, 2024

RSM US LLP, a provider of assurance, tax and consulting services for the middle market, that it has launched RSM Catamaran, a suite of integrated, outsourced solutions for middle market firms. RSM Catamaran offers an integrated, industry-focused, technologically advanced suite of outsourced solutions to help organizations manage and maintain back-office functions such as: Finance, accounting, and tax Managed IT and managed applications Security, governance and risk Human capital “I’m thrilled ab

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Insightful Accountant

OCTOBER 22, 2024

Bill360, an end-to-end accounts receivable (AR) automation platform that accelerates cash flow by 20% – 30% for accountants and most B2B small-to-medium-sized business clients is launching new features at Intuit Connect.

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CPA Practice

OCTOBER 22, 2024

Thomson Reuters Corporation, a global content and technology company, has acquired Materia, a U.S.-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves.

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Anders CPA

OCTOBER 22, 2024

St. Louis has nurtured a vibrant startup scene with consistent investments and support organizations. One of the top factors drawing startups to the region may be a legacy of St. Louis’ slow growth since the 1980s, and one we may wish would disappear. The Anders Startup and Entrepreneurial Services team produced the Anders Startup Funding and Outlook Survey Report earlier this year to explore the region’s current status and future potential as a startup hub.

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.