Accounting Today

OCTOBER 21, 2024

Most accountants have just completed their tax season for last year's returns and are probably not thinking about their next tax season. But they should.

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CPA Practice

OCTOBER 21, 2024

The Treasury Department and the IRS on Oct. 18 released new guidance for the Sustainable Aviation Fuel (SAF) credit, a tax incentive created by the Inflation Reduction Act of 2022. The guidance in Notice 2024-74 provides additional information to taxpayers using the safe harbors—which protect SAF makers from penalties, like an IRS audit, when qualifying for the tax credit—outlined in an IRS notice released last April.

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Accounting Today

OCTOBER 21, 2024

The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.

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CPA Practice

OCTOBER 21, 2024

The 2025 preparer tax identification number (PTIN) renewal period for the nation’s paid tax return preparers is now underway, the IRS announced on Oct. 18. All current PTINs expire on Dec. 31, 2024. Anyone paid to prepare or help prepare any federal return or claim for refund must have a valid PTIN from the IRS, which they must use as the identifying number on any returns prepared.

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tax return Tax 122

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 21, 2024

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

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CPA Practice

OCTOBER 21, 2024

The AICPA Foundation has launched the Barry C. Melancon Professional Accounting Research Fellowship to support the next generation of accounting and finance professionals with the skills, knowledge and training to advance the accounting and finance profession. The Fellowship has been established as a legacy of Barry Melancon’s 30-year leadership tenure at the AICPA & CIMA as well as his dedication, advocacy and future-focused commitment to the profession.

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CPA Practice

OCTOBER 21, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has expanded the capabilities of AvaTax with AvaTax for Accounts Payable. The enhancement provides a comprehensive solution built into AvaTax that is designed to automate tax calculation and compliance for purchases. The solution ensures more accurate tax calculation by identifying both over- and underpaid taxes on purchases.

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Withum

OCTOBER 21, 2024

The New Jersey Society of Certified Public Accountants (NJCPA) hosts their annual Ovation Awards to honor industry players with outstanding achievements in their fields. This year, Withum team members Kevin McElgunn , Vince Reilly and Frank Boutillette were honored in two of the six Ovation Award Categories. Innovation Kevin McElgunn, Partner, was selected as an Innovation honoree for being at the forefront of a digital transformation and positioning himself as a leader within the industry by se

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Canopy Accounting

OCTOBER 21, 2024

The accounting industry thrives on precision, compliance, and efficiency. However, when implementing new systems, processes, or technologies, firms often face challenges like inconsistency, prolonged onboarding times, and resistance to change. One secret to overcoming these hurdles? Accounting templates.

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Withum

OCTOBER 21, 2024

We are excited to share that Withum Wealth Management has been recognized once again by Forbes and SHOOK® Research as one of America’s Top RIA Firms for 2024 ! This prestigious ranking, developed by SHOOK® Research, is based on a comprehensive algorithm that includes both quantitative and qualitative data. Out of over 46,000 nominations, we are proud to be recognized as a top 250 RIA firm in the country.

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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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Accounting Today

OCTOBER 21, 2024

The first Secure Act was a "game-changer for IRAs and Roth IRAs," according to a retirement expert. Here's the compelling case for paying taxes sooner.

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Withum

OCTOBER 21, 2024

Shift into high gear for the Fall 2024 issue of Dealer Vision ! This newsletter is packed with the tools you need to keep your dealership firing on all cylinders. Discover how to navigate the uncertainties of today’s tax landscape, address common accounting and parts inventory discrepancies, and take steps to enhance your automotive retail marketing strategy.

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Xero

OCTOBER 21, 2024

“The UK doesn’t really have the practice of living in multigenerational homes that other cultures do. We are one of the most age-segregated countries in the world; as we grow older, we tend to move away from family, forming bubbles of people who are the same age, who think like us and talk like us. That can lead to issues like loneliness, ageism and social isolation,” said Louise Goulden, founder of The Together Project.

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CPA Practice

OCTOBER 21, 2024

Top 20 accounting firm Armanino has received a minority investment from Further Global Capital Management, a New York-based employee-owned private equity firm that makes investments in businesses within the financial services industry. Financial terms of the deal weren’t disclosed, but it’s alleged that Further Global is taking a 20% stake in the San Ramon, CA-based accounting firm.

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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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Going Concern

OCTOBER 21, 2024

TLDR: Boomer numbers at accounting firms appear to be dwindling, more than half of staff at firms are under 40, Gen X gets ignored as usual as if they don’t exist. INSIDE Public Accounting released a batch of facts and figures they’ve collected from their industry-leading survey of the country’s accounting firms — about 600 participated in 2024 — and this bit stood out to us as of particular interest to our audience given that a majority of our readers are under age

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Accounting Today

OCTOBER 21, 2024

The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.

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accounting standards accountant Account accounted 69

Going Concern

OCTOBER 21, 2024

Former Deloitte CEO Joe Echevarria has come a long way since he earned “low potential” performance ratings at Haskins & Sells (the firm that merged with Touche Ross in 1989 to form Deloitte & Touche) and was told by a boss to get rid of his mustache because it makes him look like the Frito Bandito. Yes, they spoke like that in the late 70s and 80s.

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Education 65

Insightful Accountant

OCTOBER 21, 2024

As the accounting profession grapples with a widening skills gap, tax practice leaders must adapt their strategies to build and maintain strong, capable teams in an increasingly competitive market.

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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

Sales

Going Concern

OCTOBER 21, 2024

Hi. Monday again. Oh joy. Without any further filler text, let’s get this over with. Yesterday Financial Times published a story about PwC UK’s top consolation prize : Senior PwC staff in the UK who will never be partners are to be offered a new “managing director” title as the Big Four firm seeks to keep top employees whom it is unwilling to admit to its £1mn-a-year partnership.

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Insightful Accountant

OCTOBER 21, 2024

Changes to the ProAdvisor training and certification recordkeeping may impact your ability to upload your current U.S. ProAdvisor Certifications to the 2025 ProAdvisor Award Application form. Read how to overcome Intuit's changes.

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CPA Practice

OCTOBER 21, 2024

Binary Stream, an award-winning Microsoft ISV (Independent Software Vendor), has announced an expanded partnership with Solver, a leader in extended financial planning and analysis (xFP&A). The enhanced partnership will help organizations using Microsoft Dynamics 365 Business Central manage the complete order to cash process while accessing powerful analysis that delivers real-time insights to business performance.

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Withum

OCTOBER 21, 2024

About The Client An international humanitarian aid organization. Background and Challenge As a dynamic organization working around the globe—often responding to various crises—this client faced difficulties in identifying qualitative trends across its historical projects. It needed a solution that could holistically analyze its past engagements, highlight core themes and issues beyond quantitative data and provide relevant data insights to improve future projects.

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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 21, 2024

Universal Business Computing Company (UBCC), a provider of high-volume, high-productivity software for accounting and payroll professionals, today announced the purchase of all of its stock by Pioneer Accounting Group , based in Seattle, Washington. Armaven Pogosyan, the founder of Pioneer Accounting Group, comments, “I had observed the exceptional productivity of UBCC software when I purchased the accounting practice of Vivat Lin, a UBCC client in Seattle.

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Anders CPA

OCTOBER 21, 2024

When it comes to managing finances strategically, contingent-fee law firms face a diverse set of challenges compared to firms that use hourly or flat-rate billing. Personal injury firms, particularly those that specialize in complex, lengthy cases, need to take special care with their cash flow management, expense management and long-term financial planning.

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SchoolofBookkeeping

OCTOBER 21, 2024

One Intuit Login - One login to rule them all!! If I had a nickel for every time there was confusion about an Intuit Login, you wouldn't be reading this article because I'd be retired. Managing logins and passwords has become a full-time job. Intuit's login system adds complexity due to the various services that can be linked to a single login, the timing of login creation, and the interaction with third-party apps.

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quickbooks accountant Account accounted 52

Shay CPA

OCTOBER 21, 2024

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. Plus, your company will qualify for a lower corporate tax rate on your New York State taxes.

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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 21, 2024

More than two thirds of finance professionals say they are in the exploratory stage of implementing an AI initiative within their finance function; and 60% of respondents who had already deployed an AI-related Finance project characterized the deployment as successful. That data is from a new report from Wolters Kluwer: today published a new research report: AI in Finance, from Skepticism to Optimism.

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FraudFiles

OCTOBER 21, 2024

In an ordinary lifestyle analysis, the divorce financial analyst extracts all of the transactions from bank, brokerage and credit card statements, categorizes them and calculates totals for each category for the period under analysis. This is an important exercise to assess what the parties to a divorce have historically spent and determining an appropriate level [.

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CPA Practice

OCTOBER 21, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has been positioned in the Leaders Category in the IDC MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor Assessment. “Avalara has an unwavering commitment to help organizations with their e-invoicing compliance needs today and into the future,” said Jayme Fishman, Chief Strategy and Product Officer at Avalara.

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Insightful Accountant

OCTOBER 21, 2024

Tomorrow, October 23rd, QB Talks, will explore Intuit's new Enterprise Suite. Alicia Katz Pollock will provide up-to-date information on this new offering.

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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.