Accounting Today

SEPTEMBER 6, 2024

The accounting profession's labor shortage means relationships between firms and colleges have never been more crucial in recruiting new talent.

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accountant Account accounted 122

MyIRSRelief

SEPTEMBER 6, 2024

Navigating the complex world of taxes can be a daunting task for small business owners and self-employed individuals. The intricacies of tax laws, the constant updates, and the myriad of forms and deadlines can make tax season a stressful time. However, with the right guidance and support, managing your taxes can become a streamlined and efficient process.

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Accounting Today

SEPTEMBER 6, 2024

The Bonadio Group, a Top 50 Firm based in Pitsford, New York, has executed 22 successful mergers over the last 27 years, many of which have been overseen by CEO and managing partner Bruce Zicari.

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New York 126

CPA Practice

SEPTEMBER 6, 2024

Small and midsize U.S. retailers face significant challenges when navigating sales tax holidays, according to a new report from Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes. While these holidays are designed to boost consumer spending and businesses’ sales, the complexities involved have actually left nearly 60% of retailers struggling to make a profit.

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Sales Retail Tax Government 116

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.

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Accounting Today

SEPTEMBER 6, 2024

With football season now underway, the Internal Revenue Service's Criminal Investigation unit is urging taxpayers to play by the rules when it comes to sports betting.

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Sports Tax 119

Canopy Accounting

SEPTEMBER 6, 2024

Executive Summary The accounting profession stands at the precipice of transformative change driven by rapid advancements in technology and evolving client expectations. This Canopy and CPA Practice Advisor survey asked respondents to share where they currently were and where they thought their firms would be three to five years from now on topics like automation, AI integration, workforce dynamics, remote work models, client interaction, digital transformation, security and more.

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Cherry Bekaert

SEPTEMBER 6, 2024

The Federal Financial Institutions Examination Council (FFIEC) announced on August 29, 2024, that it will sunset the Cybersecurity Assessment Tool (CAT) on August 25, 2025, at which point it will be removed from the FFIEC website. This decision reflects the availability of new government resources and models for identifying and managing cybersecurity risk, including the National Institute of Standards and Technology (NIST) Cybersecurity Framework 2.0 and the Cybersecurity and Infrastructure Secu

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CPA Practice

SEPTEMBER 6, 2024

With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to National Retail Federation chief economist Jack Kleinhenz. “The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of 2024,” Kleinhenz said.

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Retail Manufacturing Gaming Finance 111

Accounting Today

SEPTEMBER 6, 2024

In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.

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CPA Practice

SEPTEMBER 6, 2024

Avalara, Inc. , a leading provider of tax compliance automation software for businesses of all sizes, today announced the findings of a recent survey that sheds light on the preferences and behaviors of travelers concerning short term rentals (STR). The survey was conducted by Bastion Insights during a summer travel season that saw bookings up 15% year-over-year during the Fourth of July holiday and found that 70% of respondents are open to considering STRs for travel accommodations.

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Education Tax 106

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.

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Accounting Today

SEPTEMBER 6, 2024

In the first half year of Inflation Reduction Act-funded enforcement, the Internal Revenue Service has recovered over $1.3 billion.

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Tax 122

Randal DeHart

SEPTEMBER 6, 2024

If your company is experiencing rapid growth, you might find yourself navigating a good news/bad news situation: while your sales figures climb, managing cash flow becomes increasingly complex, pushing you to seek additional financing to meet the rising demand. Consider this scenario: A couple wanting to sell their house expresses interest in your remodeling service, presenting an exciting opportunity that could significantly elevate your construction business.

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Construction Finance Sales bookkeeping 88

Accounting Today

SEPTEMBER 6, 2024

Intuit announced major upgrades to its GenOS system, bolstering its development capabilities in generative AI.

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GrowthForceBlog

SEPTEMBER 6, 2024

8 min read September 6th, 2024 Experts from ITR Economics predict the U.S. will enter another Great Depression in the upcoming decade. Currently, 50% percent of U.S. CEOs reported experiencing a slow economy or expecting the economy to slow soon, and 46% believe that we are or will soon be entering an economic recession, according to the Vistage CEO Confidence Index.

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accountant Account accounted 71

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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.

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Accounting Today

SEPTEMBER 6, 2024

How do you fix an industry in consolidation? Enter private equity.

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cpas 124

Menzies

SEPTEMBER 6, 2024

Menzies LLP - A leading chartered accountancy firm. The role of a COFA (Compliance Officer for Finance and Administration) has now existed for eleven years and whilst we have issued previous guidance at that time but felt that a refresher of the role was needed COFA has never been more important and Mark Crosson of the Menzies legal team takes us through the role itself and some tips for these holding the position.

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accounting and finance chartered accountant Finance accounting system 64

Accounting Today

SEPTEMBER 6, 2024

In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting solutions for tax preparation.

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Tax tax preparation Technology tax planning 75

Going Concern

SEPTEMBER 6, 2024

We all know accountant salaries are woefully low — even your grandma knows accountants don’t get paid well now so maybe she’ll slip an extra fiver in your next birthday card — but this job posting sent to us on Twitter is perhaps the lowest of the low ball offers. So low ball it would make a 92-year-old man’s nuts jealous.

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accountant salary accountant Account accounted 59

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

Sales

CPA Practice

SEPTEMBER 6, 2024

The IRS and the Treasury Department issued a notice on Sept. 5 asking for public comments on Saver’s Match contributions to be paid by Treasury under the SECURE 2.0 Act of 2022. Notice 2024-65 requests comments on all aspects of Saver’s Match contributions and asks several questions on a variety of Saver’s Match topics. The comment deadline is Nov. 4, 2024.

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Non-Profits tax preparation Washington Tax 59

Withum

SEPTEMBER 6, 2024

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year. Considering these changes, some emphasis has shifted towards optimizing income tax strategies.

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New Jersey income tax Tax New York 59

Cherry Bekaert

SEPTEMBER 6, 2024

Contributor: Kat Kizior, Risk Advisory Manager An entity that receives grant funding bears significant responsibility. Although these funds are often perceived as “free and clear,” they come with strict regulations that the recipient must follow. Compounding upon this challenge, any organization that expends more than $750,000 1 in federal funds must undergo a single audit.

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audit auditor Government Account 59

Accounting Today

SEPTEMBER 6, 2024

One of the most closely watched jobs reports arrived ahead of a Federal Reserve decision on interest rate cuts.

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accountant Account accounted payroll 78

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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.

Insightful Accountant

SEPTEMBER 6, 2024

Check out our BE INSIGHTFUL paid premium content membership, which features nine highly focused training tracks. Members who join the paid premium program before Oct 29, 2024 will be entered to win a $5000 travel voucher.

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Cherry Bekaert

SEPTEMBER 6, 2024

Business interruption (BI) insurance is crucial for private equity firms, as it provides financial protection in the event of unforeseen disruptions to a portfolio company’s operations. Interruption in business operations due to natural disasters, supply chain disruptions or cybersecurity breaches can have a significant financial impact to a fund’s bottom line.

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FraudFiles

SEPTEMBER 6, 2024

Hidden assets can impact both the property division and the award of support payments. Assets hidden by one spouse deprive the other spouse of a share of them. If the hidden assets include income-producing assets such as a business venture or an investment portfolio, the spouse receiving support may receive a lesser amount of support [.

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Accounting Insight

SEPTEMBER 6, 2024

Introducing Yooz, first time exhibitors at Accountex Summit Manchester… What do Yooz do? Yooz provides the smartest, most powerful, and easiest-to-use cloud based E-invoicing and Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed, and security with affordable zero-risk subscriptions to more than 5,000 customers and 300,000 users worldwide.

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AP Automation Technology Accounts Payable Automation accounting and finance 52

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.

Wendy Tietz

SEPTEMBER 6, 2024

In the spring of 2024, the cost of cocoa rose substantially. Within the span of 12 months, the price of tripled.

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managerial accounting accounted Account accountant 52

Insightful Accountant

SEPTEMBER 6, 2024

Ian Vacin, Karbon Chief Partnerships Officer and Co-Founder, delves into why you need to document and standardize your internal processes if you are serious about scaling your accounting firm.

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accounting firms accountant Account accounted 52

Accounting Today

SEPTEMBER 6, 2024

Marcum promotes 15 to partner; NDH Advisors rebrands; and more news from across the profession.

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CPA Practice

SEPTEMBER 6, 2024

The IRS and the Treasury Department said on Friday that nearly $1.3 billion in back taxes has been collected from wealthy taxpayers as part of a yearlong crackdown on rich tax cheats. The update was provided this morning at the IRS’s campus in Austin, TX, where the Treasury Department patted the IRS on the back for its accomplishments since receiving funding from 2022’s Inflation Reduction Act.

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Tax audit tax return Government 119

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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.