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: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
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
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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.
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.
Accounting Today
JULY 17, 2024
The Big Four firm named Dan Priest as its chief AI officer for the U.S.
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.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
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
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
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.
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.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
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
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.
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.
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.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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.
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
Andersen adds Reilly, Fisher & Solomon; and Platform Advisors acquires Silver+Co.
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.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Accounting Today
JULY 17, 2024
An influx of investors is accelerating growth in the professional services sector.
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
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
Accounting Today
JULY 17, 2024
The bookkeeping solutions provider debuted its Generative Accounting Retrieval sYstem, GARY.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
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.
Accounting Today
JULY 17, 2024
The adoption of on-chain accounting in stablecoin markets is not just a theoretical concept; it's already being implemented.
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.
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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.
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