RogerRossmeisl
JULY 17, 2024
July 15 Employers should deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule applies. They should also deposit non-payroll withheld income tax for June if the monthly deposit rule applies. July 31 Report income tax withholding and FICA taxes for second quarter 2024 (Form 941) and pay any tax due. (See the exception below, under “August 12.
Acterys
JULY 17, 2024
We are beyond thrilled to announce the release of Acterys’ latest version, 24.1. The launch of Acterys 24.1 heralds a transformative era in business intelligence and planning, blending the power of AI with the robust functionality of Power BI. This release marks a significant milestone, embodying our commitment to revolutionizing enterprise planning through cutting-edge technology, all underpinned by our strategic partnership with Microsoft.
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RogerRossmeisl
JULY 17, 2024
Whether your company acquires businesses that own real estate or you invest in real estate directly, fraud poses an ever-present threat. Buying and selling real estate is complicated, and it’s relatively easy for crooks to manipulate the process. To help mitigate real estate fraud threats, thorough due diligence is essential. Staying current on common schemes and red flags also may enable you to identify risky transactions before you put down any money. 5 schemes First, be aware of these five co
Going Concern
JULY 17, 2024
INSIDE Public Accounting is due to release their Top 500 list soon and in the meantime, they’ve asked a very important question: Will 2024 show another big boost in compensation? Here they’ve compared compensation for equity and non-equity partners, managing partners, and professional staff at non-Big 4 IPA 100 firms for 2023 against 2019.
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.
RogerRossmeisl
JULY 17, 2024
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. Many of its provisions are set to expire on December 31, 2025. With this date getting closer each day, you may wonder how your federal tax bill will be affected in 2026.
CPA Practice
JULY 17, 2024
By Ali Donaldson, Inc. (TNS) Where have all the accountants gone? Between 1990 and 2021, the number of people sitting for the Certified Public Accountant exam plunged by almost 50 percent , according to the Association of International Certified Professional Accountants. With fewer young people entering the profession and an increasing number of baby boomers, who account for three-quarters of CPAs, heading for retirement, a Bloomberg analysis of data from the Bureau of Labor Statistics found th
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JULY 17, 2024
A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer. Melinda Jacob, individually and on behalf of her business Melinda Jacob Tax Services LLC, consented to the injunction, which permanently bars her and her business from preparing federal tax returns for others.
RogerRossmeisl
JULY 17, 2024
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s important to avoid certain risks and charge an adequate interest rate. Basics of this strategy Interest rates have increased over the last couple years. As a result, shareholders may decide to take loans from their corporations rather than pay higher interest rates on bank loans.
CPA Practice
JULY 17, 2024
Almost half (47%) of U.S. organizations report that their salary budgets for the 2024 cycle are lower than the previous year, as the overall median pay raise for 2024 fell to 4.1%, compared with 4.5% in 2023. That’s according to the latest Salary Budget Planning Report by WTW, a leading global advisory, broking and solutions company. The report found employers are being more conservative with their salary budgets as they anticipate lower demand resulting in longer-term stability in their employe
Accounting Today
JULY 17, 2024
Taxpayers and financial institutions now need to verify their identities when they sign in or register to use the system as an extra security measure.
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.
CPA Practice
JULY 17, 2024
Docyt, a provider of AI-driven accounting automation technology, unveiled an AI bookkeeper called GARY ( G enerative A ccounting R etrieval s Y stem) for small and medium-sized businesses (SMBs). GARY combines precision and predictive AI models with generative AI tools that automate manual bookkeeping processes and accelerate the month-end close from a matter of weeks to just 45 minutes through continuous reconciliation.
Accounting Today
JULY 17, 2024
Tyler Otto, president and owner of Specialty Bookkeepers & Tax, turned his wife's side hustle into a full-fledged firm after losing his job.
CPA Practice
JULY 17, 2024
The IRS said Wednesday it’s now requiring taxpayers and financial institutions to authenticate their identities when they log in to use the Foreign Account Tax Compliance Act (FATCA) website. As of July 14, taxpayers are required to sign in or register with either of the IRS’s credential service providers— Login.gov or ID.me —to access the FATCA registration system.
Canopy Accounting
JULY 17, 2024
Darren Root will be sitting down with Canopy CEO Davis Bell to discuss the future of accounting and most of all, answering your questions. You can submit questions for Darren as part of the registration process for the webinar.
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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.
Accounting Seed
JULY 17, 2024
The nonprofit puts time back in their hands to focus on what really matters: combating homelessness. –––––– Homelessness is a devastating and complicated issue plaguing many areas within the United States. According to United States Interagency Council on Homelessness , 1.25 million people experienced homelessness in 2020 alone—with California accounting for 28% of the homeless population in 2023.
CPA Practice
JULY 17, 2024
Andersen has expanded in central Florida by opening a new office in Tampa, where the top 25 firm has added more than 20 professionals from Reilly, Fisher & Solomon, a Tampa-based tax compliance and planning firm. Financial terms of the deal weren’t disclosed. Joining Andersen are 19 tax professionals and four managing directors from Reilly, Fisher & Solomon.
Anders CPA
JULY 17, 2024
Anders Technology , an advisory service line of Anders, was named to Accounting Today’s VAR 100 list for 2024. The ranking recognizes the country’s leading value-added resellers in the accounting space by revenue. This is the second year in a row that Anders Technology earned a spot on the list. A Microsoft Solutions Partner with over 35 years of experience and a team of 30+ technology-focused advisors, Anders Technology is passionate about leveraging technology to reach business goals.
Insightful Accountant
JULY 17, 2024
Ben Richmond, the Managing Director of Xero for North America, gives valuable insights into accounting firms providing 'Fractional CFO' services.
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
Withum
JULY 17, 2024
There’s a common misconception regarding how to assess the value of companies heavily reliant on an intangible asset for its revenue stream. It’s often assumed that the value of such assets should be added to the overall enterprise value. This would mean separately valuing the intangible asset and then combining it with the business’s going concern value.
Accounting Today
JULY 17, 2024
The Big Four firm named Dan Priest as its chief AI officer for the U.S.
Going Concern
JULY 17, 2024
KPMG Australia has been busy doing some decluttering this year. First a “radical restructuring” that meant shunning a lot of the traditional advisory work — which has dried up of late anyway — and going all in on “tech-related advisory and software installation.” That move is supposed to save the firm $80 million AUD ($53.8 million USD), part of that coming from not having to pay the salaries of the 200 senior consultants and above it laid off.
Withum
JULY 17, 2024
New Jersey implemented a new law that requires employers with 25 or more employees to implement a retirement plan. Employees must participate in (i) the state-sponsored plan called the Secure Choice Program; or (ii) their employer’s qualified retirement plan. Penalties apply for non-compliance. Who It Applies To Businesses with 25 OR MORE employees in the ENTIRE PREVIOUS YEAR; That does NOT currently have a “qualified” retirement plan; and Have conducted business in New Jersey for AT LEAST 2 YEA
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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.
Going Concern
JULY 17, 2024
In the King’s Speech today, King Charles says (timestamped below) “bills will be brought forward to strengthen audit and corporate governance” in the UK. What this means is that the Financial Reporting Council (FRC) will be replaced with the Audit, Reporting and Governance Authority (ARGA). Audit reform was supposed to be included in the last King’s Speech but was noticeably absent, an omission deemed “very disappointing” by the Institute of Chartered Accounta
Reckon
JULY 17, 2024
Guest Post by Maya Kirianova When we think about a new business, we believe it is an exciting journey full of innovation, creativity, and prosperity. However, a startup owner must first consider where to get financial backing. According to SmallBizTrends , one-third of startup businesses begin their operation with less than five thousand dollars, and as the World Metrics ‘ research shows, around 30% of startups fail because they run out of cash.
Ryan Lazanis
JULY 17, 2024
Leveraging partnerships can grow your business fast if done right. Follow these steps to improve your chances of landing more partnerships. The post 4 Steps to More Partnerships appeared first on Future Firm.
LSLCPAs
JULY 17, 2024
LSL Webinar “Back to Basics | Mastering Accounts Receivable Reconciliations,” presented by Amber Haston and Samantha Asbra led you through what a reconciliation entails, a step-by-step approach to performing AR reconciliations efficiently and accurately each year, and best practices for documentation and audit preparation. In case you missed it – this article will overview best.
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
JULY 17, 2024
Avantax Inc., a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, welcomes financial advisors John Surace, Kelly Powers and their S&P Financial Services team, based in Hauppauge, New York, in the heart of Long Island. Transferring to Avantax from Osaic, the team has approximately $150 million in client assets under administration as of June 2024.
LSLCPAs
JULY 17, 2024
LSL Webinar “Back to Basics | Mastering Accounts Receivable Reconciliations,” presented by Amber Haston and Samantha Asbra led you through what a reconciliation entails, a step-by-step approach to performing Account Receivables (AR) reconciliations efficiently and accurately each year, and best practices for documentation and audit preparation.
Insightful Accountant
JULY 17, 2024
Accountants are falling in love with QuickBooks Online for Accountants (QBOA)! Many accountants and bookkeepers are making the move to QuickBooks® Online, but others aren't so sure.and that’s where this course will help!
Withum
JULY 17, 2024
There’s a common misconception regarding how to assess the value of companies heavily reliant on an intangible asset for its revenue stream. It’s often assumed that the value of such assets should be added to the overall enterprise value. This would mean separately valuing the intangible asset and then combining it with the business’s going concern value.
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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.
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