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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accounted Account accountant 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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Tax tax return bookkeeping tax preparation 130

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: 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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Accounting Today

SEPTEMBER 6, 2024

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

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cpas 125

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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Account accounted accountant Technology 115

CPA Practice

SEPTEMBER 6, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Thomson Reuters Checkpoint Edge with CoCounsel. Designed for tax professionals and firms, Checkpoint Edge with CoCounsel is a research platform that includes new AI-assisted research capabilities to help tax professionals get trusted answers to complex tax research questions by using everyday language.

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Technology Account accounted accountant 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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Tax tax planning 122

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

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

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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.

Technology

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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auditor Government 111

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

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 110

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 86

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

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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Account accounted accountant payroll 78

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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Account accountant accounted 71

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

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

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

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 Account accounted accountant 59

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 accountant 59

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

CPA

Accounting Today

SEPTEMBER 6, 2024

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

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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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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 accountant accounted Account 52

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Spend Management

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

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 Account accountant accounted 40

Accounting Today

SEPTEMBER 6, 2024

Plus, Certinia Customer Success Cloud now generally available; Zamp launches tax solution "Z"; and Paystand expands into Canada.

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Technology Tax Sales 60

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