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 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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Tax 115

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

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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Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

payroll

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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Withum

OCTOBER 10, 2024

The M&A market can be affected by a multitude of factors including political, economic, and social elements. Election cycles have historically impacted M&A activity and the current presidential election is no different. Prior to an election, there is always uncertainty as to the outcome and the potential effects of new policies. The M&A market is not insulated to this uncertainty.

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Tax 104

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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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 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

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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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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

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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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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Accounting Today

OCTOBER 10, 2024

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

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Tax 99

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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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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Anders CPA

OCTOBER 10, 2024

To find success in business, you have to first figure out what your target market wants and respond to it. As society and the technology we depend on changes at breakneck speed, it can be challenging for traditional businesses to keep pace. Breathing new life into a service as timeless and constant as the library takes innovation, grit and the support of the surrounding community to pull off.

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Technology CPA 59

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

Reckon

OCTOBER 10, 2024

When it comes to security, businesses can be at a loss when the crime occurs online. No robber hides around the corner; no corner store gets held up. In fact, cybercrime can happen in broad daylight with just a few lines of text in an email. We spoke with Ed Blackman, Reckon’s CTO, to get him to weigh in on Cybersecurity Month. One of Blackman’s many duties is reviewing and implementing Reckon’s cybersecurity policy, which keeps Reckon staff and customers safe from online attacks.

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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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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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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

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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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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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

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

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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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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Government 52

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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

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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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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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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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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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.