Accounting Today

DECEMBER 28, 2023

Firms of any size can inspire a world-changing culture that starts from the inside of the organization and expands into other spheres of influence.

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Non-Profits 75

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Let’s look at a few of the likeliest developments. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. “With more fiscal data coming in, the long-term health of state budgets looks murky,” writes analyst Lucy Dadayan on the site of the Tax Policy Center.

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South Dakota Sales Tax Louisiana 252

Going Concern

DECEMBER 28, 2023

I’m breaking my holiday vacation with this news: Attention all CPA Exam Candidates… pic.twitter.com/YwBD3uym2l — NASBA (@NASBA) December 27, 2023 Make sure you check out the comments. The funniest part is they posted this on Tuesday like everything was going to be normal: #CPAExam candidates! Waiting for your score(s)? They will be released tonight at 7 p.m.

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CPA 122

CPA Practice

DECEMBER 28, 2023

By Christopher Stark, Founder & CEO, Cetrom. ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. While technology has made many content-based tasks much easier, questions remain about its accuracy and security. This machine learning-powered chatbot with the GPT-3 engine at its core has captivated people’s attention with its rapidly evolving ability to interpret questions and commands to produce generally coherent natural-language responses.

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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

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

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accounting standards financial accounting accountant Account 124

CPA Practice

DECEMBER 28, 2023

Jeff Ostrowski Bankrate.com (TNS) Many people view debt as the financial enemy and strive to pay it down as quickly as possible. That strategy is a wise one for high-interest obligations like credit card balances, but when it comes to mortgages , the math isn’t as clear-cut. You might be better off putting those payoff funds toward investing, some experts say, while others believe it’s better to unload your debt, then focus on investments.

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Finance Real Estate Florida Tax 98

AccountingDepartment

DECEMBER 28, 2023

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

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B2B 94

Accounting Today

DECEMBER 28, 2023

Good-bye, sailor; concrete evidence; lack of protection; and other highlights of recent tax cases.

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SkagitCountyTaxServices

DECEMBER 28, 2023

By the time you actually get to reading this, there is a very good chance that you’re reading a voice from the past. I make it a practice to prepare my Skagit County clients and friends a few days in advance, and RIGHT NOW, it is still 2023. But 2024 is beckoning and is probably already here for YOU. The thing to celebrate is that your Mount Vernon business made it through another year.

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Technology Start-ups CPA accountant 80

Accounting Today

DECEMBER 28, 2023

Here's a list of Financial Planning's most important stories in the past year involving the vexing array of complexities with paying Uncle Sam.

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Tax 102

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.

Account

CPA Practice

DECEMBER 28, 2023

Are you considering a contribution to a Roth IRA or a conversion of some or all of the funds in a traditional IRA to a Roth? The Roth offers the appeal of 100% tax-free distributions in the future, usually in retirement. But the tax exemption isn’t automatic—not by a long shot. What’s more, if you’re below a certain age threshold, you may be slapped with an extra tax penalty on top of the regular income tax you’ll owe on nonqualified distributions.

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Tax income tax accountant Account 78

Accounting Today

DECEMBER 28, 2023

The Treasury Department and the Internal Revenue Service issued guidance for producers of clean electricity and other forms of renewable energy if they begin constructing projects next year that fall short of the necessary requirements for domestically manufactured components.

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Construction Manufacturing Tax 81

GrowthForceBlog

DECEMBER 28, 2023

7 min read As SMEs grow and expand into the middle market, it is usually necessary to upgrade the business's accounting software system to a system that provides more comprehensive enterprise resource planning (ERP) functionality in addition to financial management, traditional bookkeeping, and basic accounting features.

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accounting software NetSuite basic accounting bookkeeping 78

Accounting Today

DECEMBER 28, 2023

The arguments in Moore v. U.S. carry major potential implications, but these 14 excerpts suggest SCOTUS will deliver a less sweeping decision next year.

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Tax 94

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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.

financial statements

CPA Practice

DECEMBER 28, 2023

By Rita Nazareth, Bloomberg News (via TNS). A banner year for stocks is drawing to a close, with gains in big tech leaving the market near all-time highs amid the artificial-intelligence exuberance and dovish Federal Reserve bets. In the run-up to the final closing bell of 2023, the Nasdaq 100 marched toward its best year since 1999 amid a $7 trillion surge.

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Oklahoma payroll Gaming Start-ups 72

Accounting Today

DECEMBER 28, 2023

The company said the city used the presence of its Cruise self-driving unit to tie its tax bill to a portion of its global revenue.

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Tax corporation tax California 78

Insightful Accountant

DECEMBER 28, 2023

We sat down with Tailor to get his thoughts on being a Top 25 Up-N-Coming ProAdvisor, his journey, path to success, and constant evolution to give their clients the best value.

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Accounting Today

DECEMBER 28, 2023

The profession's leaders discuss how they are influencing their potential successors.

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accountant accounted Account 96

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

CPA Practice

DECEMBER 28, 2023

AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA & CIMA Registers First 100 Apprentices and Signs 17 Employers to Apprenticeship Program in Inaugural Year The AICPA & CIMA recently announced that it has registered over 100 apprentices in its Registered Apprenticeship for Finance Business Partners program within the inaugural year of the program.

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cpas accounting and finance CPA South Carolina 59

ThomsonReuters

DECEMBER 28, 2023

But fear not, we’re here to lighten the mood and bring you the top three webcasts that made navigating the twists and turns of the tax and accounting industry a little less taxing (pun intended). Whether you’re a seasoned expert or just starting your career, these webcasts are like hidden gems that will help you shine in the ever-evolving world of tax and accounting.

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CPA Practice

DECEMBER 28, 2023

By Rita Nazareth, Bloomberg News (via TNS). A banner year for stocks is drawing to a close, with gains in big tech leaving the market near all-time highs amid the artificial-intelligence exuberance and dovish Federal Reserve bets. In the run-up to the final closing bell of 2023, the Nasdaq 100 marched toward its best year since 1999 amid a $7 trillion surge.

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Oklahoma payroll Gaming Start-ups 52

CTP

DECEMBER 28, 2023

How many of the companies you work with are exporters? Your clients may not readily identify themselves this way, but if any of the products they manufacture, produce, grow, or extract in the U.S. are sold in other countries, they may qualify for a special tax incentive called the interest charge domestic international sales corporation or IC-DISC. Created by the IRS to help American exporters become more globally competitive, the IC-DISC election can substantially lower a company’s tax liabilit

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Tax income tax Start-ups tax return 52

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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

DECEMBER 28, 2023

Process automation is a topic you see everywhere, but what does it mean for your firm? This ebook will help you understand why process automation is so important and a few factors to consider when looking at incorporating more automation into your firm’s daily practices, including: Why process automation is so critical How to know which processes are ready to automate How to get started automating critical processes within your firm Fill out the fields below to get access to this free resource f

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accountant Account accounted Education 52

CTP

DECEMBER 28, 2023

Are you an exporter? If any of the products that you manufacture, produce, grow, or extract in the U.S. are sold in other countries, you may qualify for a special tax incentive called the interest charge domestic international sales corporation or IC-DISC. The IC-DISC is an election created by the IRS to help American companies become more globally competitive by lowering their federal tax liability.

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Tax income tax Sales tax return 52

CPA Practice

DECEMBER 28, 2023

The Department of the Treasury and the Internal Revenue Service recently issued proposed regulations to provide guidance for the advanced manufacturing production credit established by the Inflation Reduction Act (IRA). The new Section 45X provides a credit for the production (within the United States) and sale of certain eligible components including solar and wind energy components, inverters, qualifying battery components and applicable critical minerals.

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Manufacturing Sales 52

Accounting Today

DECEMBER 28, 2023

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "Do you currently mentor someone? What do you get out of it?

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accountant Account accounted 61

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

DECEMBER 28, 2023

StanfordTax is a "tax 'information' collector" app. It saves both you and your clients time using the power of AI.

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Tax 52

Accounting Today

DECEMBER 28, 2023

Honkamp, a Regional Leader based in Dubuque, Iowa, merged in Schowalter & Jabouri, one of the 20 largest CPA firms in the St. Louis metro area, effective Dec. 2, 2023.

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CTP

DECEMBER 28, 2023

If you are working with a company that sells goods made in the U.S. in foreign markets, you may want to introduce this lucrative tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” Geared specifically toward American exporters, this incentive helps companies become more globally competitive by lowering their U.S. taxes.

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Tax Manufacturing Agriculture Sales 111

Accounting Today

DECEMBER 28, 2023

Through international cooperation and greater transparency, the OECD's Inclusive Framework suggests countries can develop more effective rules to minimize tax avoidance.

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Tax corporation tax 56

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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.