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: 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.
CPA Practice
JANUARY 22, 2024
The American Institute of CPAs (AICPA) submitted a letter to the U.S. Department of the Treasury and Internal Revenue Service (IRS) this week in response to initial guidance issued related to changes made to catch-up contributions enacted in the SECURE 2.0 Act of 2022. SECURE 2.0 requires certain catch-up contributions to be made as Roth IRA deferrals.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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!
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 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
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.
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.
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.
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
MahoneySabol merged in Giamalis; and Wagner, Duys & Wood combined with Kaplan Company to form Wagner, Kaplan, Duys & Wood, LLP.
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.
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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.
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
Archer-Daniels-Midland suspended its chief financial officer and cut its earnings outlook pending an investigation into its accounting practices.
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.
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
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
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.
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.
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.
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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.
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.
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.
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
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.
Canopy Accounting
JANUARY 22, 2024
The tax landscape is constantly evolving, and this year brings many changes and updates that can significantly impact your financial situation. We've covered you, from the Inflation Reduction Act to the latest developments in Student Loan Forgiveness, Annual Adjustments, and COVID-19 Retirement Distribution Repayments. We'll also explore the latest form updates, tax exemptions, and required minimum distributions and take a closer look at the proposed legislation that could shape the future of ta
FraudFiles
JANUARY 22, 2024
In divorce cases, forensic accountants can use the "net worth method of proof" to calculate income. This is used to search for hidden or unreported income. Rather than simply taking a spouse's word for it that his or her income is X, we can do an analysis like this to try to verify the claimed [.
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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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