Accounting Today
JANUARY 22, 2024
Managing employees can be a major roadblock for growing businesses, but PEOs can help, and ADP's Kristen Appleman explains how they work and when they might be a good fit.
CPA Practice
JANUARY 22, 2024
In a news release today reminding taxpayers that they once again must answer a digital asset question and report all digital asset-related income when they file their 2023 income tax return, the IRS noted that it has included a crypto question on four additional tax forms ahead of filing season. The tax agency said on Monday that it has reworded the question that had already appeared at the top of Form 1040 , Individual Income Tax Return ; Form 1040-SR , U.S.
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Accounting Today
JANUARY 22, 2024
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.
ThomsonReuters
JANUARY 22, 2024
Jump to: Enhanced Child Tax Credit Business tax relief Support for small business Employee Retention Tax Credit (ERTC) Adjustments to 1099-MISC and 1099-NEC filing thresholds Support for affordable housing Empowering American families and businesses: The Tax Relief for a stronger future On January 19, 2024, the Ways and Means Committee made a significant bipartisan move by approving the Tax Relief for American Families and Workers Act of 2024.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Patriot Software
JANUARY 22, 2024
Patriot Software, a national accounting and payroll software company, has released its Small Business Payroll Index, which will be published monthly. This index represents the monthly percentage change in the number of workers who were added to or removed from Patriot’s payroll software.
Canopy Accounting
JANUARY 22, 2024
Learn everything there is to know about tax resolution in this ultimate guide and if it's something you should offer to your clients. See details!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
inDinero Accounting
JANUARY 22, 2024
Terms like “deferred revenue” can confuse non-accountants, but the concept is easy enough. Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. In this article, we’ll explain the GAAP-compliant method of reporting deferred revenue, provide bookkeeping examples, and explain how the practice will impact your taxes.
Accounting Today
JANUARY 22, 2024
MahoneySabol merged in Giamalis; and Wagner, Duys & Wood combined with Kaplan Company to form Wagner, Kaplan, Duys & Wood, LLP.
KROST
JANUARY 22, 2024
LOS ANGELES, CA [January 23, 2024] – KROST CPAs and Consultants has been named one of the Top 150 Firms for 2023-2024 by CalCPA. This award recognizes the firm as 33rd on the list. The recognition reflects KROST’s dedication to professional development and the CalCPA organization, with 100% membership. KROST is committed to providing clients Read the full article.
Accounting Today
JANUARY 22, 2024
The IRS and Labor Department issued guidance on the new savings vehicles, but financial advisors and other wealth management professionals have questions.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
CPA Practice
JANUARY 22, 2024
By Izzy Kharasch. If you have clients in the hospitality industry, or who are contemplating investing, be forewarned: Times were tough pre-pandemic and, looking back from today’s perspective, those were “the good old days.” According to the U.S. Bureau of Labor Statistics, “prices for food and beverages are 20.2% higher in 2023 vs. 2020.” Keep in mind that this has dropped since the peak in 2021-2022.
Accounting Today
JANUARY 22, 2024
The Institute of Management Accountants is aiming to help businesses find more accounting talent in 2024, as demand for young people to succeed retiring accountants continues to grow, and organizations look for ways to incorporate artificial intelligence and sustainability into their operations.
CPA Practice
JANUARY 22, 2024
Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. While in-person events and meetings are still effective ways to network, many professionals are taking advantage of online networking opportunities. In fact, 40% of professionals say they network more online than in person.
Accounting Today
JANUARY 22, 2024
Archer-Daniels-Midland suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices.
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.
Withum
JANUARY 22, 2024
In the life sciences sector, the journey from research to a marketable product often spans several years. During this phase, entities typically accrue substantial Net Operating Losses (NOLs), earmarked to counterbalance future taxable income. A pivotal change emerged on January 1, 2022. Research and Experimentation (R&E) expenditures, once directly deductible, now must be capitalized for tax purposes.
CPA Practice
JANUARY 22, 2024
A top midtier accounting firm ended 2023 by having the most new initial public offering (IPO) audit clients in the fourth quarter, as the number of companies going public dropped compared to the previous quarter, according to an analysis by Ideagen Audit Analytics. The final quarter of 2023 saw 40 new IPOs, raising a total of $4.2 billion—down in total IPOs from Q3 (45) and total proceeds ($9.2 billion).
Accounting Today
JANUARY 22, 2024
The firm's annual State of the Firm event as attended in person by 1,500 Withum'ers and virtually by almost 1,000 Withum team members.
Withum
JANUARY 22, 2024
The insurance industry, much like others, is grappling with the far-reaching effects of the current labor shortage and the phenomenon termed the “Great Resignation.” A substantial drop in employment levels, down by approximately 85,000 people or 15% in the past two years, has significantly impacted the workforce. Despite this reduction, the workload has not diminished, particularly considering the surge in claims, regulatory shifts, and the broader impacts of the ongoing pandemic.
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
JANUARY 22, 2024
if you still have data processes that involve downloading data from one system, messing around with it in Excel, then uploading it into another system, you should be automating that before all else.
CPA Practice
JANUARY 22, 2024
Global compliance technology solutions and services provider Sovos has acquired North Dakota-based Aatrix Software, a provider of payroll tax forms, extending its offerings in compliance with enhanced capabilities across e-filing for 1099 and ACA 1095 reporting and W2/payroll reporting – increasing its local, state and federal coverage. This acquisition brings together two companies with significant experience and expertise in helping small and medium-sized businesses navigate the complexity of
Accounting Insight
JANUARY 22, 2024
What we’ve learned from 1000+ customer implementations When implementing a document management system (DMS) there’s a fair amount of pressure to get it right the first try. While some may discount document strategy as a tactical to-do, missing the mark on your DMS program risks clients and staff being unable to access critical files, and can dramatically reduce the efficiency of your day-to-day operations by as many as ten hours a week!
Insightful Accountant
JANUARY 22, 2024
The U.S. Government still doesn’t have a permit budget and spending bill in place for the fiscal year that started October 1st and we are now operating under yet another temporary bill to stave off a shut down.
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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.
Reckon
JANUARY 22, 2024
Today, let’s dive into the financial lifeblood of your small business – cash flow! Poor cash flow is often cited as the biggest threat to a businesses’ stability and ability to trade, so understanding it is crucial to success. Sure, it might sound like accounting jargon, but trust me, understanding cash flow is like having a financial compass for your business.
Insightful Accountant
JANUARY 22, 2024
Gary DeHart and Fady Hawatmeh, Founder & CEO of Clockwork.ai sit down and have a chat about leveraging AI to Grow an Advisory practice.
CPA Practice
JANUARY 22, 2024
By Gerson Freitas Jr. and Simon Casey, Bloomberg News (TNS) Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices. The shares dropped the most on record. The Chicago-based company said Sunday afternoon that Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.
Withum
JANUARY 22, 2024
Learn how Withum helped a limousine company with its corporate income tax return to claim over $150,000 in electric vehicle tax credits. Download a PDF of this case study Executive Summary A Withum client, an established limousine company experiencing significant growth, was unsure of the recent effects of new tax policies and credits that applied to them.
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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.
CPA Practice
JANUARY 22, 2024
SmartVault, a leading provider of an integrated, cloud-based document management and client portal platform, has launched its Accounting Unlimited Plan that includes unlimited usage of eSignatures, knowledge-based authentications (KBAs), storage, PDF form fills, quotes, and more. While these digital tools are traditionally priced per use, SmartVault’s Accounting Unlimited Plan offers unlimited usage at a fixed price, letting firms implement efficient digital workflows without worrying about cost
Withum
JANUARY 22, 2024
Withum’s Tech Summit Series features four sessions held throughout the year, each delving into hot topics within the tech ecosystem and providing a comprehensive exploration of the latest trends and innovations in the industry. Already Registered? Click Here View On-Demand Webinar Withum’s Technology and Emerging Growth Services Practice released its Tech Summit Series that examines trending topics in the technology industry.
CPA Practice
JANUARY 22, 2024
A new survey from Grant Thornton LLP, one of America’s largest providers of audit and assurance, tax and advisory services, revealed how chief financial officers (CFOs) at technology companies plan to achieve growth amidst fierce competition and a slew of other challenges. The firm’s Tech CFO survey , which polled 150 senior finance executives in the technology industry, also gauged sentiment on major topics like artificial intelligence (AI), cybersecurity and the technology workforce.
CTP
JANUARY 22, 2024
What does it look like to operate ethically in the world of tax planning? Fortunately, the Office of Professional Responsibility (OPR) provides guidance on key ethical questions. Their primary resource, known as Circular 230 , covers “Regulations Governing Practice before the Internal Revenue Service.” Depending on your status and credentials, adhering to Circular 230 may even be a requirement.
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.
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