Summit CPA

OCTOBER 10, 2024

Every year there are thousands of investigations launched by the IRS in their fraud prevention campaign. IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 billion in tax fraud and the conviction rate was 88.4%. While these statistics might make business owners like you sweat a bit, the IRS knows that not everyone is out to commit fraud and that mistakes can happen to anyone.

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Accounting Today

OCTOBER 10, 2024

A senate hearing; lack of Unity; that ain't chicken feed; and other highlights of recent tax cases.

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CPA Practice

OCTOBER 10, 2024

[Updated on Oct. 10; originally posted on Oct. 7.] CPA Practice Advisor wants to highlight those in the accounting and tax communities who have begun or are in the process of mobilizing efforts to help those impacted by Hurricane Helene. Whether it’s providing important news and resources on your website or volunteering to help residents or businesses in your community, we want to share what you or your organization is doing.

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Accounting Today

OCTOBER 10, 2024

While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.

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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

Cherry Bekaert

OCTOBER 10, 2024

Contributor: Tiffany Rodi, Sales & Use Tax Senior Manager In today’s complex tax landscape, businesses must navigate a myriad of regulations that vary by state and region. Product Tax Codes (PTCs) play a crucial role in this process by determining the applicable taxability for goods and services, which are often taxed and treated differently depending on the state or jurisdiction.

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Accounting Today

OCTOBER 10, 2024

A group of lawmakers has urged the IRS to loosen the identity verification requirements to access the new Direct File system by dropping the mandate to follow stringent ID.me standards.

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CPA Practice

OCTOBER 10, 2024

By Dallas Gagnon masslive.com (TNS) The Social Security Administration has announced the cost of living adjustments (COLA) for 2025 and it’s the lowest increase recipients have received in years. Social Security benefits and Supplemental Security Income payments will increase for more than 72.5 million Americans by 2.5% in 2025, the SSA announced in a release.

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Accounting Today

OCTOBER 10, 2024

The gap between taxes owed and paid increased to $696 billion in tax year 2022.

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CPA Practice

OCTOBER 10, 2024

By Kristin Alexander. Convenience store operators cater to customers with many needs, including travelers filling up their gas tanks, hopeful lottery winners, and neighborhood residents with midnight munchies. Ensuring everyone gets what they came for is more complicated than stocking shelves with a bit of everything. Selling a variety of products, especially heavily regulated ones like alcohol and tobacco, makes business license management complex.

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Accounting Today

OCTOBER 10, 2024

The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.

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accounting standards Account accounted accountant 78

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Technology

Going Concern

OCTOBER 10, 2024

In a post published on October 7th by Montclair State University titled “ Top 5 Reasons to Transition to an Accounting Career ” that can be best described as a thinly veiled advertisement for their Master’s program, the university explains “why making the leap into accounting might be the best move you ever make.” This should be good.

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accounting careers managerial accounting Account accounted 72

Accounting Today

OCTOBER 10, 2024

If the Massachusetts legislature fails to sign off on a proposal to temporarily raise commercial rates before the end of next month, Mayor Michelle Wu said the city would need a tax increase.

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Massachusetts Tax 72

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Real Estate Account accounted accountant 59

Withum

OCTOBER 10, 2024

In today’s rapidly evolving digital landscape, organizations are constantly seeking innovative solutions to streamline operations, enhance productivity and drive growth. As a consultant for Withum, a Microsoft Partner, I have witnessed firsthand the transformative power of Microsoft Copilot for business and Copilot Studio chatbots in achieving these goals.

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Healthcare Technology accounting firms accounted 59

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

Insightful Accountant

OCTOBER 10, 2024

The Internal Revenue Service (IRS) has unveiled draft Form 7217, "Partner's Report of Property Distributed by a Partnership," set for implementation in the 2024 tax year.

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Tax 59

LSLCPAs

OCTOBER 10, 2024

Businesses must commit to strategic decision-making to survive today’s fast-paced business environment. The financial reporting feeding into those decisions demands timeliness and requires absolute accuracy. At the same time, companies need to ensure that their financial statements meet all regulatory requirements. Automation with software like Workiva allows companies to use dependable internal financial reports while.

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Insightful Accountant

OCTOBER 10, 2024

YouTube Series will feature Mentor Moments spotlighting business women and and offering mentorship from Washington and QuickBooks.

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CPA Practice

OCTOBER 10, 2024

By Gail Cole. As of January 1, 2024, beverage alcohol producers must have a license to ship alcohol directly to consumers in Alaska. While direct-to-consumer (DTC) licenses have long been required in most other states that permit DTC shipping, this is a new requirement in Alaska: Beverage alcohol manufacturers could ship to Alaska consumers without a permit prior to 2024.

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Alaska Manufacturing Tax Sales 52

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

Insightful Accountant

OCTOBER 10, 2024

Is the software you rely on running on Oracle Cloud Infrastructure (OCI) and you don't even know it? It very well could be, and you might just find out by listening to 'Business Radio.

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Withum

OCTOBER 10, 2024

Qualified plans remain one of the last, legitimate mechanisms for closely-held business owners to generate deductions. Some plans allow closely-held business owners to deduct more than a 401k or traditional pension plan may allow. What Are the Potential Benefits? Guaranteed retirement income All earnings tax deferred during accumulation Deductions in excess of $300,000 depending on demographics A valuable employee benefit Typically exempt from creditors Who Are the Ideal Candidates?

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income tax Tax tax return 52

Insightful Accountant

OCTOBER 10, 2024

In the dynamic landscape of finance and tax, discussions surrounding AI and automation have become increasingly prevalent. ChatGPT stands out as one of the most widely recognized.

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Finance Tax 52

CPA Practice

OCTOBER 10, 2024

Avantax Inc., a community within Cetera Holdings and a leader in tax-focused financial planning and wealth management, has welcomed several new independent financial advisors who have affiliated with Avantax to help strengthen their ability to offer clients comprehensive tax-intelligent financial services. Financial professionals transferring to Avantax receive the tax-intelligent tools, technology, resources and home office support needed to help clients pursue their financial goals.

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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

Canopy Accounting

OCTOBER 10, 2024

In this ebook, Sean M. Duncan, CPA, helps us learn why ownership training goes beyond technical skills. He dives into essential topics like accountability, leadership, financial realities, and delegation.

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CPA Practice

OCTOBER 10, 2024

Managing a successful public accounting firm is an ongoing process, with leaders constantly needing to adapt workflows and technologies that can help them achieve greater operational freedom and financial growth. On October 22-23, 2024, the free, virtual WorkflowCon conference for accounting firm leaders, hosted by Financial Cents , will focus on a wide range of topics, with the theme, “FREEDOM TO SCALE: Unlock Your Firm’s Potential for Operational Freedom and Profitable Growth.

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Cherry Bekaert

OCTOBER 10, 2024

Following the recent natural disaster, we paused our scheduled programming to provide our viewers with key information on Federal Emergency Management Agency (FEMA) assistance for recovery. This podcast provides essential details on deadlines, the application process for the FEMA Public Assistance Program and what to expect after applying. Kat Kizior, Grant Management Manager, and new co-host Paula Heller, Grants Management Senior Associate, join forces to address FEMA grant funding possibilitie

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CPA Practice

OCTOBER 10, 2024

This year, the NYU School of Professional Studies (NYU SPS) Division of Programs in Business Finance and Taxation programs will bring its 83 rd Institute on Federal Taxation (IFT) to the Westin New York at Times Square, October 20 —25, and the Hotel Del Coronado in San Diego, November 17 —22. Designed for professionals who handle federal tax matters, the IFT provides high-level updates, insights, analyses, and practical advice from America’s top tax authorities on the latest federal tax trends a

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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

Dent Moses

OCTOBER 10, 2024

Dent Moses is committed to keeping you informed of the latest tax-saving strategies. We are sharing our AG-YE_YR Tax Planning Guide-2024_DM. The guide highlights some key considerations, but keep in mind that this resource is intended to provide broad suggestions only. There is no substitute for the guidance of an advisor who understands your specific needs.

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tax planning business tax Tax Construction 52

Insightful Accountant

OCTOBER 10, 2024

In this episode, Gary DeHart interviewed Blake Grewal, founder of Bold Growth, to discuss how accounting firms can leverage data-driven decisions and customer journey mapping to improve client experiences and firm efficiency.

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accounting firms Account accounted accountant 52

Menzies

OCTOBER 10, 2024

Menzies LLP - A leading chartered accountancy firm. At Menzies, we are no strangers to discussing estate planning with our clients and listening to their concerns surrounding the passing of wealth to the next generation. When passing assets down to the next generation, no matter how big or small the amount you are passing onto beneficiaries, you are losing control over the eventual location of the asset.

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chartered accountant Tax Legal accounting firms 52

Insightful Accountant

OCTOBER 10, 2024

Efficient payment processes are crucial. PayTrace offers robust solutions designed to simplify payment workflows, enhance security, and help businesses cut down on processing costs.

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