Insightful Accountant

DECEMBER 27, 2023

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

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Tax 124

Going Concern

DECEMBER 27, 2023

Today is December 27, assuming there is no accounting firm in the entire country shitty enough to lay people off just days before the end of the year (a generous assumption), we should be able to tally up how many people were shown the door in 2023. These are U.S. numbers for Big 4 and mid-tier firms only, if we missed some get in touch. Also, these layoff numbers include only layoffs that were A) confirmed and B) counted by the firm as layoffs, meaning this year’s aggressive PIP usage and

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

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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.

Account

CPA Practice

DECEMBER 27, 2023

By Adam Lean, Co-Founder & CEO, The CFO Project. In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. What is the Accountant’s Trap you might ask? It’s where financial professionals are trapped working long hours for low fees, are forced to deal with high-demanding clients,while being burnt out on compliance and transactio

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Accounting Today

DECEMBER 27, 2023

Technology developers who serve the accounting profession share the developments they have planned for 2024.

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CPA Practice

DECEMBER 27, 2023

By Ali Donaldson, Inc. (TNS) The IRS is offering businesses a big present just in time for Christmas: a chance to avoid an audit or criminal investigation. The agency launched a new program to help businesses that applied for “questionable” employee retention credits (ERC) and received them, particularly companies that may have filed for the credits in error.

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Accounting Today

DECEMBER 27, 2023

The IRS-sponsored program relies on hundreds of dedicated accounting volunteers to ensure filers receive the crucial and necessary tax refunds they depend upon and ultimately help people fight poverty and food insecurity.

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CPA Practice

DECEMBER 27, 2023

Do you want to transfer wealth to other family members without dire tax consequences? One of the easiest ways to do it, and one of the most effective, is to simply give lifetime gifts to other family members. If you stay within the tax law boundaries, these lifetime gifts will qualify for the annual gift tax exclusion. And even if you exceed the limits, the remainder is usually covered by the unified estate and gift tax exemption.

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has extended some of the deadlines for qualified intermediaries, withholding foreign partnerships and withholding foreign trusts.

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Tax 80

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 27, 2023

By Rachel Christian, Bankrate.com (via TNS). As the New Year approaches, many people are addressing financial resolutions. But a significant number of Americans feel like they’re behind on achieving their money goals. About 80% of Americans didn’t increase their emergency savings this year, according to a recent Bankrate survey. Nearly one-third of households (32%) have less emergency savings now than at the start of 2023.

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Accounting Today

DECEMBER 27, 2023

Recent data has found that accountants complete the most tasks on Tuesday, and the least on Friday.

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CPA Practice

DECEMBER 27, 2023

The American Institute of CPAs recently submitted a comment letter to the U.S. Department of Labor related to RIN 1210-AC02, Retirement Security Rule: Definition of an Investment Advice Fiduciary. The letter states support for the proposed rule, particularly for fiduciary relationships acting in the public’s best interest with respect to any advice to the public.

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Accounting Today

DECEMBER 27, 2023

Here's how artificial will really impact accountants and what to do about it.

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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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CPA Practice

DECEMBER 27, 2023

It’s that time of year again. The end of each year is the deadline to take required minimum distributions from funds held in individual retirement arrangements and other retirement plans. The IRS recently sent out a reminder, which applies to taxpayers aged 73 or older (born before 1951), and noted new requirements under the law beginning in 2023. Required minimum distributions , or RMDs, are amounts that many retirement plan and IRA account owners must withdraw each year.

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Withum

DECEMBER 27, 2023

We no longer have debtor’s prisons, but people deep in debt are prisoners of a sort. Whatever is owed is an encumbrance of your future earnings, and the work you do to acquire funds to repay your debt takes away some of your freedom. In effect, you are placed in a “prison” in that you are working to reduce debt acquired somewhere along the way. One way to avoid this is to not borrow or not take on debt.

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Accounting Today

DECEMBER 27, 2023

CBIZ MHM's Latino-owned business service team has Southern California roots and national ambitions.

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Insightful Accountant

DECEMBER 27, 2023

Stratafolio is an online software solution designed specifically for people who own or manage commercial real estate, use QuickBooks, and want to streamline their operations to save time, increase profits, and reduce manual work.

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quickbooks Real Estate 52

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

Ryan Lazanis

DECEMBER 27, 2023

Using various marketing tactics and resources sometimes won't guarantee results. As such, you need to consider this strategy. The post Do This When Your Marketing Isn’t Working appeared first on Future Firm.

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CPA Practice

DECEMBER 27, 2023

The Treasury Department and Internal Revenue Service issued proposed regulations just before Christmas for the tax credit for the production of clean hydrogen. The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced by a taxpayer at a qualified clean hydrogen production facility. The credit amount is dependent on the emissions intensity of the hydrogen production process and the taxpayer’s compliance with prevailing wage and a

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Tax Construction Sales 52

Shay CPA

DECEMBER 27, 2023

If you’ve run out of runway and you’re out of options, it might be time to hang up your hat. Don’t fling it onto that hat rack just yet, though. Before you can shut down a tech company (or any company, for that matter), you need to take certain steps. Failing to follow the proper procedures can lead to headaches down the road. We’ve even seen founders have issues crop up years after they shuttered a company.

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CPA Practice

DECEMBER 27, 2023

Retailers have been focused on efforts to mitigate returns, as total returns for the industry amounted to $743 billion in merchandise in 2023, according to a report released today by the National Retail Federation and Appriss Retail. As a percentage of sales, the total return rate for 2023 was 14.5%. According to the report, for every $1 billion in sales, the average retailer incurs $145 million in merchandise returns.

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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.

Accounting Today

DECEMBER 27, 2023

In the quest for enhanced corporate sustainability, the integration of innovative technologies is ushering in a new era of reporting capability and transparency.

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CPA Practice

DECEMBER 27, 2023

Christine Maurus Bloomberg News (TNS) Home prices in the U.S. rose for a ninth straight month, reaching a fresh record as buyers battled for a stubbornly tight supply of listings. A national gauge of prices rose 0.6% in October from September, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. A seasonally adjusted measure of prices in 20 of the largest cities also rose 0.6%.

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Accounting Today

DECEMBER 27, 2023

Income equality; disclosing crypto; meetings are a waste of time; and other highlights from our favorite tax bloggers.

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Accounting Today

DECEMBER 27, 2023

The residential landlord with thousands of properties across Germany has been under intense public scrutiny since October 2021.

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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.

Accounting Today

DECEMBER 27, 2023

Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.

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Tax 63