Shay CPA

OCTOBER 25, 2023

Going through a down round isn’t ideal, but plenty of startups have successfully leveraged one — or several — on their way to success. Whether you’re considering this option because of internal factors (like lackluster financial performance) or external ones (like market conditions), you want to maximize benefits and mitigate risks. And that means carefully evaluating what the down round will mean for your company.

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Tax accounted Account accountant 52

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

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tax planning Tax tax preparation 138

Airbase

OCTOBER 25, 2023

If any finance process is overdue for innovation, it’s procurement. For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend.

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AP Automation accounts payable Approval Workflows Technology 130

BurklandAssociates

OCTOBER 25, 2023

Welcome to the first article of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-One, Preparation appeared first on Burkland.

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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

Airbase

OCTOBER 25, 2023

AI was a constant presence at SuiteWorld this year, whether it was the focus of the presentation itself or folded into the topic. AI even featured in the high-octane opening session with a spoof about hallucinations from Evan — NetSuite’s not-quite-ready-for-prime-time AI assistant. There were at least three sessions specifically on AI-powered solutions, plus NetSuite had an AI Center on the floor in case you wanted more information.

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NetSuite Technology accounting and finance Kansas 130

Going Concern

OCTOBER 25, 2023

As you may already know the 2023 AICPA Trends report is out , here’s our earlier write-up on how many accounting degrees were completed for the 2021-22 period covered in the new report (saving you a click: it’s 65,035). Today we’re going to look at CPA exam candidate numbers. In a vacuum the 2022 numbers aren’t terrible — 30,251 new CPA candidates, 67,336 unique CPA candidates, and 18,847 CPA candidates who passed their 4th section that year.

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Withum

OCTOBER 25, 2023

Since their creation in 2009, cryptocurrencies have been polarizing, especially when it comes to taxes, bringing both opportunities and challenges. While you must pay income taxes on income and gains made from cryptocurrency investments, the question of whether you can deduct losses from abandoned or worthless cryptocurrencies is still a hot topic. Understanding Abandoned and Worthless Cryptocurrency Abandonment or worthlessness happens when you give up ownership and control over a cryptocurrenc

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income tax Tax Government Sales 111

CPA Practice

OCTOBER 25, 2023

Are you feeling generous during this holiday season? If so, you may be inclined to increase your charitable gift-giving at the end of the year. Generally, you can reap some tax rewards for your benevolence, but you must contend with several special rules. Notably, you can claim deductions for charitable donations only if you itemize instead of taking the standard deduction on your personal return.

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Tax 116

Cherry Bekaert

OCTOBER 25, 2023

After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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financial statements accounting and finance accounting standards Finance 111

CPA Practice

OCTOBER 25, 2023

More than six out of 10 U.S. employers are in agreement about plans to manage company healthcare costs and enhance mental health programs. With these matters top of mind for the foreseeable future, 62% of employers are implementing initiatives to address both, balancing cost and talent considerations as they set a “go-forward” health and well-being strategy, according to a new survey by WTW, a global advisory, broking and solutions company.

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Technology

Cherry Bekaert

OCTOBER 25, 2023

Recent legislation, through the Inflation Reduction Act (IRA), greatly enhanced and created energy tax credits and incentives available to many industries through the U.S. For the industrial manufacturing industry, two energy tax credits that stand to provide incredible advantages are the Advanced Manufacturing Production Credit: Section 45X and Advanced Energy Project Credit: Section 48C.

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Manufacturing Tax audit 111

CPA Practice

OCTOBER 25, 2023

As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct. 20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. Over time, companies will be able to check their tax payment history, make payments, view notices, authorize powers of attorney, and conduct other business with the IRS.

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tax accountant business tax Tax accounted 111

Insightful Accountant

OCTOBER 25, 2023

If you are a BPO or CAAS provider struggling with your current desktop or cloud accounting systems to support all of your clients, it might be time to look at NetSuite.

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NetSuite accounting system accountant Account 105

Anders CPA

OCTOBER 25, 2023

Anders is proud to announce that Julia Deien , Jason Gotway , Jane Maddox, CPA , and Sean McKenzie, CPA are being named partners of the firm, effective January 2024. The new group of partners was announced at the annual all-firm meeting in October, which the entire firm attends. They will join the rest of the partner group in guiding the firm and identifying new opportunities in addition to developing and maintaining client relationships.

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Real Estate Illinois Missouri Construction 97

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

Cherry Bekaert

OCTOBER 25, 2023

As a vital part of the global economy, modern manufacturing continues to provide a course to rising incomes and living standards, innovation and competitiveness. Despite the disrupting factors of the past decade such as pandemic lockdowns, supply chain issues, and environmental and economic events, manufacturing is an evolving industry marked by both ongoing challenges and significant opportunities.

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Accounting Today

OCTOBER 25, 2023

A firm's strength lies in its dedicated team of professionals committed to ensuring client satisfaction, regulatory compliance, and streamlined operations.

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CPA Practice

OCTOBER 25, 2023

Does your small business provide a 401(k) plan for your employees? If it does, the employees can contribute to their accounts within generous limits, building up funds for their retirement. Furthermore, the tax law allows 401(k) participants to make additional “catch-up contributions” when they’re past the prime of their careers. Even better the new retirement planning last passed late last year—dubbed SECURE 2.0—generally enhances the rules for catch-up contributions.

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Accounting Today

OCTOBER 25, 2023

Lauterbach & Amen's innovation competition has enhanced firm creativity and team spirit.

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CPA 95

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

SkagitCountyTaxServices

OCTOBER 25, 2023

Loading the dishwasher is a daily job in most households. And, to get clean dishes and not melt your plastic to-go containers, you’ll need to arrange things well. And, according to Consumer reports , there actually is a right way to load yours. While doing the dishes the right way means cleaner dishes, doing things the wrong way won’t have any kind of crazy consequences.

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Sales Tax Government CPA 70

Accounting Today

OCTOBER 25, 2023

George Botic succeeds the commission's longest-serving member, Duane DesParte, whose second term ended Tuesday.

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audit 80

CPA Practice

OCTOBER 25, 2023

Date: Monday, November 13, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Are you ready for the upcoming tax season? Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect tax preparers and paye

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Tax Tennessee CPA Education 64

Accounting Today

OCTOBER 25, 2023

The NFRA has requested files and communications related to S.R. Batliboi's audits on some companies going as far back as 2014, sources said.

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audit accounted Account accountant 78

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

CPA Practice

OCTOBER 25, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, have a chat about firm technologies, and which upgrades they see as beneficial to firms, allowing them to accomplish more even if facing talent shortages. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors. Also, due to the intro to the podcast, add apx. 10 seconds to the time stamps below.

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Accounting Today

OCTOBER 25, 2023

In this Vendor Spotlight we talk to Andrew Hoyen, CEO of cybersecurity solutions provider Infinite Group Inc.

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Technology 78

LSLCPAs

OCTOBER 25, 2023

It’s never too early to think about filing your taxes. For the 2023 tax year filing, we summarize below the changes relating to Business Meals, RMDs, CA Enterprise Zone Credits, and Bonus Depreciation. Starting in January 2024, the new “Beneficial Ownership” reporting requirement takes effect. Give our offices a call if you have any questions. The post Tax Changes for Your 2023 Filing and a Brand New 2024 Reporting appeared first on LSL CPAs.

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Tax cpas 59

Accounting Today

OCTOBER 25, 2023

While marking its 25th anniversary at its annual user conference, the accounting software vendor announced a number of new products and capabilities.

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NetSuite accounting software accountant Account 72

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

CPA Practice

OCTOBER 25, 2023

Bill, a financial operations platform for small and midsize businesses, has has added automation technology to help SMBs and accounting firms get better control and visibility of their accounts payable workflows. SMBs and accountant customers of BILL using Intuit QuickBooks Desktop software, including QuickBooks Enterprise, QuickBooks Premier, and QuickBooks Pro, now have the ability to view purchase orders, as well as match and pay invoices in one workspace.

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quickbooks AP Processes Approval Workflows Technology 59

Accounting Today

OCTOBER 25, 2023

Nowadays a career in accounting requires more decisions and more self-knowledge — and more skillsets — than ever before.

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accounted Account accountant 66

Canopy Accounting

OCTOBER 25, 2023

Having statistics to back up the success of a company's product or service is crucial in today's data-driven business environment. It aids in validating the company's claims and reaffirming its credibility in the eyes of consumers, stakeholders, and competitors alike.

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Accounting Today

OCTOBER 25, 2023

CPA.com, in light of the technology's sudden popularity, has released a set of resources for accountants to educate themselves on artificial intelligence and assess its risks and opportunities.

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Education Technology Account accountant 63

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