Accounting Today

JULY 25, 2024

Companies that lag in making payments more streamlined have the potential of risking customer dissatisfaction and falling behind competitors.

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Technology accounting software accountant accounted 58

CPA Practice

JULY 25, 2024

The years following the pandemic have seen increases in local and other small jurisdictional sales taxes, as well as new taxes and fees, as municipal governments across the country respond to economic pressures, and tightening state budgets have raised the need for revenue at the local level. The 2024 Mid-Year Sales Tax Rates and Rules report, commissioned by Vertex Inc., outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax complian

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Government Sales Tax Education 118

Accounting Today

JULY 25, 2024

The PCAOB issued its annual report on its audits of brokers and dealers and noted that it's seeing at least one deficiency in 70% of the 103 audit engagements it reviewed in 2023.

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audit 124

Going Concern

JULY 25, 2024

We’ve made the editorial decision not to use the PwC Chad image for this article even though that would be ironically funny. In a lawsuit filed on July 22, former PwC principal, FinTech magazine top woman in fintech, and 55-year-old Asian-American Nina Owens alleges that she was ousted from the firm one day before her five-year anniversary “that would have afforded her greater job protection and full vesting of her 401(k) account.” This despite exceeding revenue targets and hig

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New York CPA accountant Account 111

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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CPA Practice

JULY 25, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, take a look at Canopy , a firm-wide operating system that let’s you do the same amount of work you have today, with the talent you have, but in less time, with less stress, and while creating better client experiences. Use the video player below to watch, or the podcast player below to listen to the podcast.

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Technology Tax accountant Account 111

Going Concern

JULY 25, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Senior Tax and Accounting | Candidate ID #22044344 Certifications: CPA in process Education: BS Accounting Experience (yea

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Real Estate accountant Account accounted 106

Going Concern

JULY 25, 2024

TLDR Assurance is out, Advisory is in. CPA Journal has published an intriguing deep dive into Big 4 revenue , specifically how the firms started making more money in advisory than audit or tax in the last 10+ years. You should go read it if this is at all interesting to you but we’re just going to focus on two charts because the Going Concern audience, and its editorial team, have the attention span of squirrels that got into a case of Red Bull.

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audit tax services auditor CPA 104

Accounting Today

JULY 25, 2024

UBS Group AG was asked by a powerful U.S. lawmaker about whether the bank it acquired, Credit Suisse Group, failed to report an American accused of evading taxes on $350 million in income.

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Tax 83

SkagitCountyTaxServices

JULY 25, 2024

Sometimes I have to smack my head when I see what passes for “tax advice” online. In the next round of “Don’t believe everything on social media”, there’s now a scam going around about a self employment tax credit. The influencers claiming this say you can get pandemic era payouts similar to the Employee Retention Credit. But, the credit actually being referred to is a much more restrictive one that relates to specific sick leave and family leave situations that occurred in 2020 and 2021.

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Gaming CPA Tax 77

Accounting Today

JULY 25, 2024

Kratom ka-boom; what a sport; treed; and other highlights of recent tax cases.

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Tax Sports tax preparation 121

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.

Account

Patriot Software

JULY 25, 2024

Tracking your employees’ time worked ensures you pay them accurately and comply with labor laws. Although you can use whatever method you want, you need a dependable and organized system, especially as your business grows. Learn how to track employee hours with time and attendance software and other alternatives. Why does tracking employee hours matter?

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payroll 71

Insightful Accountant

JULY 25, 2024

Quarterly update highlights expansion on individual, business online accounts; Document Upload Tool hits 1 million submissions and more amended returns can be filed electronically.

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online accounting accountant Account accounted 69

CPA Practice

JULY 25, 2024

A report issued today by the Association of International Certified Professional Accountants representing AICPA & CIMA and North Carolina State University’s Enterprise Risk Management (ERM) Initiative found that 65% of senior finance leaders agree that the volume and complexity of corporate risks have changed “mostly” or “extensively” over the last five years.

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North Carolina accounting and finance Finance Education 64

Cherry Bekaert

JULY 25, 2024

Is your company and its supporting technology ready for Cybersecurity Maturity Model Certification (CMMC) 2.0 compliance? Watch our panel discussion to learn the latest on what’s happening now with CMMC: new updates, legal risk areas, data security considerations and what contractors can do in preparation. Don’t underestimate the time and resources required for compliance.

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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.

financial statements

Accounting Insight

JULY 25, 2024

From today, businesses in the UK can access Lightyear’s new business accounts and start putting their money to work through cash interest and investments on the platform. This comes as the neobroker releases analysis on new Bank of England data highlighting the increase in the total amount of cash British businesses hold – nearly half a trillion pounds – but the near-to-nothing interest rate the majority of it gets.

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business accounting accountant Account accounted 59

Accounting Today

JULY 25, 2024

A recent survey of tax professionals has found that practitioners hold both excitement and concerns about generative AI, though there is slightly more of the latter than the former.

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Tax 61

AccountingDepartment

JULY 25, 2024

In the world of finance, the month-end-close process is akin to the grand finale of a well-orchestrated performance. Every note must be in tune, every movement precise, and any slip-ups must be corrected before the curtain falls.

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Finance accounted Account accountant 52

Withum

JULY 25, 2024

The Research & Development (R&D) Tax Credit is one of the most lucrative tax incentives that companies can take advantage of to lower their federal and state tax liability or offset their quarterly payroll taxes (i.e., FICA, Medicare). To properly calculate the R&D tax credit, you must calculate the total amount of U.S.-based qualified research expenses your company has for the credit year.

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payroll tax Tax California payroll 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

LSLCPAs

JULY 25, 2024

Selling a home can result in a significant capital gains tax liability, but there are several ways to reduce this burden. Here are four effective strategies to minimize capital gains on the sale of your home: Qualify for the Home Sale Exemption Deduct the Purchase Cost of the Home Deduct Closing Costs and Fees from. The post 4 Ways to Reduce Capital Gains on the Sale of Your Home appeared first on LSL CPAs.

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Sales cpas Tax 52

CPA Practice

JULY 25, 2024

Cloud ERP provider Acumatica has announced a new program designed to increase its reach in identifying small and mid-sized businesses that would benefit from cloud-based business management solutions. The no-cost Alliance Program , launched this week, aims to drive co-innovation for growth, foster collaboration at scale and invest in the future. By partnering with industry, technology and finance experts, Acumatica will enhance efficiency and drive operational excellence, supporting businesses a

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Technology accounting and finance accounting firms Finance 52

Summit CPA

JULY 25, 2024

Likely, if you’ve come across the term CFO firm , you’re a small business owner or entrepreneur looking for a trusted financial expert. In this blog post, we will help you determine what a CFO firm does, and if this type of accounting firm might be the right fit for your business.

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accounting firms accountant Account accounted 52

Accounting Insight

JULY 25, 2024

Jersey based software company ClientWindow, which launched in 2023, may be relatively new but it is making significant waves in both the communications arena and in financial services, with accountants and bookkeepers especially experiencing the benefits. What’s more, it has just released a brand new feature which will have a significant impact on how teams communicate with their clients by linking WhatsApp to business email.

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bookkeeping Technology chartered accountant accounting and finance 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.

FraudFiles

JULY 25, 2024

One of the hot things in the area of divorce, especially for high net worth clients, is using a law firm that has forensic accountants on staff. Sometimes the divorce attorneys themselves have credentials in the area of forensic accounting, such as a CPA license, CFE (Certified Fraud Examiner) credential, or CFF (Certified in Financial [.

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forensic accounting accountant Account accounted 52

Insightful Accountant

JULY 25, 2024

Murph looks at the enhancements to QuickBooks Online that resulted from Intuit's acquisition of TradeGecko.

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quickbooks 52

Xero

JULY 25, 2024

It feels like the magical two days that were Xerocon London just happened, and we’re already preparing to hit the road again for Xerocon Nashville this August! It’s the perfect time to not only meet some of the apps being exhibited at this year’s Xerocon, but hear real-life stories on how connecting apps with Xero can streamline your work and expand your possibilities.

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bookkeeping Spend Management accounting manager account management 69

Insightful Accountant

JULY 25, 2024

Float’s new Airwallex-powered Bill Pay product expands its leading end-to-end payment solution for Canadian businesses. Embedding Airwallex’s global infrastructure helped Float efficiently bring the product to market.

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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.

CPA Practice

JULY 25, 2024

Thanks to the funding it received from the Inflation Reduction Act, the IRS said it has continued to make significant enhancements to online taxpayer services, including adding six new features to the Individual Online Account, a Spanish version of the Business Tax Account tool, and more amended business forms that can be filed electronically, the agency said on July 25.

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online accounting tax accountant Tax audit 117

CPA Practice

JULY 25, 2024

IRS Commissioner Danny Werfel told reporters on July 24 that he’s “fairly optimistic” a recent Supreme Court decision won’t deter future efforts by the agency to provide improved services for taxpayers. Last month, the Supreme Court gave judges more power to block new regulations if they are not clearly authorized by federal law. The court’s conservative majority on June 28 overturned a 40-year-old rule, known as the Chevron doctrine , that said judges should defer to agencies and their regulati

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