IRS collects $1B from millionaires
Accounting Today
JULY 11, 2024
The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.
Thu.Jul 11, 2024
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It’s Official, Aprio Inked a Private Equity Deal
Going Concern
JULY 11, 2024
Announced 24 minutes ago via press release : Aprio (or the “Company”), a leading business advisory and accounting firm, today announced that it has received a strategic investment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business.
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Workiva Adds New Global Internal Audit Standards to Audit Management Platform
CPA Practice
JULY 11, 2024
Workiva Inc., a provider of assured integrated reporting, has added the Global Internal Audit Standards to the Workiva platform, making it the first SaaS company to incorporate the newest standards into its suite of GRC (governance, risk, and compliance) solutions. Released by the Institute of Internal Auditors (The IIA), the Global Internal Audit Standards are designed to equip internal audit professionals to respond to emerging business challenges and engage with board members and executives a
App Aware: MyWorks
Insightful Accountant
JULY 11, 2024
MyWorks is an eCommerce integration app that can connect QuickBooks Online, QuickBooks Desktop, and Xero with WooCommerce and Shopify. Murph would like to make you 'App' aware of this highly functional tool if you're looking for an eCommerce app.
Building a Business Case for Finance Automation
Speaker: Danny Gassaway and Wayne Richards
Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.
insightsoftware Acquires LeaseAccelerator
CPA Practice
JULY 11, 2024
insightsoftware (lowercase spelling intentional), a provider of solutions for the Office of the CFO, has acquired LeaseAccelerator , a leading provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management. The acquisition extends insightsoftware’s market reach in the U.S. and enhances its lease accounting and administration solutions.
Trusts are useful but complicated. Here are some basics
Accounting Today
JULY 11, 2024
For financial advisors, tax professionals and their clients, the opportunities and acronyms look endless. Three experts explain the key questions to consider.
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Mastering Financial Success for Your SMB
AccountingDepartment
JULY 11, 2024
Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.
Tax Fraud Blotter: Big deals
Accounting Today
JULY 11, 2024
Action; very little cash; not from around here; and other highlights of recent tax cases.
Research & Development (R&D) Tax Credit Frequently Asked Questions
Cherry Bekaert
JULY 11, 2024
R&D Tax Credit FAQs: What Is the Research and Development (R&D) Tax Credit? What Activities Qualify for the R&D Tax Credit? What Types of Expenses Are Eligible for the R&D Tax Credit? My Company Performs Research and Development Work for Other Companies. Could These Activities Qualify? What Are the Benefits of R&D Tax Credits? Can I Claim R&D Tax Credits for Prior Years?
insightsoftware buys LeaseAccelerator
Accounting Today
JULY 11, 2024
insightsoftware announced it has acquired lease accounting solutions provider LeaseAccelerator, its third acquisition this year.
Fall In Love With the Month-End Close
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
8 Trends in Fundraising Nonprofit Leaders Should Know
GrowthForceBlog
JULY 11, 2024
7 min read July 11th, 2024 Over the last several years, it seems that the world has been turned upside down and right side up and back again. This shakeup has caused our society to change fundamentally. Key Takeaways Nonprofits Struggle to Keep Donors Engaged: According to OneCause's 2023 Fundraising Outlook Report, the two top challenges reported were donor engagement and donor fatigue, followed closely by recurring giving and donor retention.
Choosing the scheduled tax season
Accounting Today
JULY 11, 2024
After my last column about spreading out the tax season, several readers contacted me to share their experiences about making busy season more sane.
Quickbooks Alternatives for Skagit County Businesses Post QB Price Raise
SkagitCountyTaxServices
JULY 11, 2024
Remember that noncompete ban I told you about a while back? The ban that was originally supposed to take effect on September 4 has been temporarily paused. You already know the implications of this ban for your business: vulnerability to head-hunting, higher salary costs, and even trade secrets being put at risk. You can take a breath for now. We’ll keep you posted on whether you’re facing those issues or not.
Hong Kong's audit regulator says allegations against PwC in letter not supported
Accounting Today
JULY 11, 2024
The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Empowering Low-Income Communities: How Community Development Financial Institutions Utilize New Markets Tax Credit Allocations
Cherry Bekaert
JULY 11, 2024
Contributor: Jason Callaham, Senior Manager What Is a Community Development Financial Institution (CDFI)? Community Development Financial Institutions (CDFIs) are financial institutions that aim to serve and empower low-income communities by providing affordable financial products and services to individuals and small businesses who may not have access to traditional banking services.
IAASB offers guidance on auditing less complex entities
Accounting Today
JULY 11, 2024
The International Auditing and Assurance Standards Board issued new advice for auditing smaller companies.
Top Remote Accountants of the Week | July 11, 2024
Going Concern
JULY 11, 2024
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 CANDIDATES FTE Senior Tax Accountant | Candidate ID #21978847 Certifications: CPA Education: BS Accounting, MS Accounting – Taxation Experience (years): 3
Review of QuickFee and Knuula – The Accounting Technology Lab Podcast – July 2024
CPA Practice
JULY 11, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss a newly-formed relationship between QuickFee and Knuula. 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.) Brian F. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor.
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Avoiding the Risk of Incorrect Employee Retention Credit Claims
Cherry Bekaert
JULY 11, 2024
What Are the Next Steps With Processing Employee Retention Credits (ERCs)? On June 20, 2024, the Internal Revenue Service (IRS) published IRS enters next stage of Employee Retention credit work; review indicates vast majority show risk of being improper (IR-2024-169). This IRS publication shares the next steps for the processing of ERC claims, although they have not lifted the moratorium on the processing of claims submitted after September 14, 2023.
Intuit Laying Off 1,800 Employees
Insightful Accountant
JULY 11, 2024
Intuit has announced that it is laying off 1,800 employees.
Staying Independent in Fraud Investigations
FraudFiles
JULY 11, 2024
I would like to think that most companies are committed to doing business honestly. They try to do the right thing, and when a problem is found, they try to correct it quickly. Even when a scandal is looming, I hope most companies would want to find the truth as fast as possible and take [.
Anti-PE Firms Talk About How to Compete When Everyone Else is Selling Out
Going Concern
JULY 11, 2024
INSIDE Public Accounting ran a little pulse survey last month and asked 84 managing partners at accounting firms with revenue of $15 million or more for their views on the private equity trend sweeping the profession. Despite huge deals making headlines recently — Grant Thornton selling a majority stake to New Mountain Capital , Baker Tilly’s $1 billion deal , and the Aprio private equity deal announced today) — most of the MPs surveyed are skeptical at best, pessimistic at wor
Cash Flow Secrets Every Upskilled CPA Should Know
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
IRS Has Raked In More Than $1 Billion in Back Taxes From the Rich
CPA Practice
JULY 11, 2024
The IRS has topped the $1 billion mark in past-due taxes collected from millionaires, the agency said on Thursday. That’s double the amount of back taxes from rich tax cheats the agency has recouped since it provided its last update earlier this year. Danny Werfel “With this collection activity, the IRS passed an important milestone in our effort to improve compliance and ensure fairness in the tax system,” IRS Commissioner Danny Werfel said in a statement on July 11.
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