Cherry Bekaert

AUGUST 23, 2024

During the COVID-19 pandemic, Manna Food Center, a food distribution and advocacy organization, experienced an influx of community need. Located in Montgomery County, Maryland, Manna’s management team needed to develop new solutions and processes to meet this increased demand, and to manage accounting and budgeting tasks more efficiently. Manna partnered with Cherry Bekaert to streamline its operations and improve financial reporting, so staff could focus on carrying out the organization’s miss

Account 52

Account accounted accountant Maryland 52

MyIRSRelief

AUGUST 23, 2024

Owing money to the IRS can be a daunting experience, but it’s important to know that you have options. The IRS offers several programs to help taxpayers manage their tax debt, including payment plans, offers in compromise, and other relief options. In this article, we will explore these options in detail and discuss how our representation tax firm can assist you in navigating these complex processes.

tax return 130

tax return Tax financial statements tax planning 130

CPA Practice

AUGUST 23, 2024

While millions of older working Americans are delaying plans to retire amid mounting financial concerns, another group of employees are taking a different path: phasing into retirement. That’s according to new survey research from WTW, a global advisory, broking and solutions company. The 2024 Global Benefits Attitudes Survey found one in three (34%) workers age 50 and older either have already started phasing into retirement (15%) by reducing their work hours or job responsibilities as they nea

115

115

Going Concern

AUGUST 23, 2024

Burdened by heaps of paperwork and knowing many of the Employee Retention Credit claims they still needed to sort through were sketchy at best and outright fraudulent at worst, the Internal Revenue Service opened up a voluntary disclosure program last year that would allow employers to take back their erroneous ERC claims without eating big penalties.

Nebraska 110

Nebraska payroll Government Tax 110

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

CPA Practice

AUGUST 23, 2024

Paulina Cachero Bloomberg News (TNS) Mortgage rates in the U.S. resumed their downward path, dropping to a new low for the year. The average for a 30-year, fixed loan was 6.46%, down from 6.49% last week, Freddie Mac said in a statement Thursday. Borrowing costs are down significantly after topping 7% earlier this year, giving house hunters more purchasing power and coaxing some would-be buyers off the fence.

Sales 111

Sales Finance 111

Accounting Today

AUGUST 23, 2024

The Internal Revenue Service noted that taxpayers can now conduct all interactions with the IRS digitally and that the service is better equipped to address tax evasion and scams.

Tax 97

Tax Finance 97

Accounting Today

AUGUST 23, 2024

The Gov Fin 2024 conference put a spotlight on the implications of the Financial Data Transparency Act.

Government 89

Government accountant accounted Account 89

CPA Practice

AUGUST 23, 2024

Despite previous assurances that the 2025-26 Free Application for Federal Student Aid, better known as FAFSA, would be released on Oct. 1, the U.S. Department of Education announced in August that most families will not be able to submit their FAFSA until December. While many families may be wringing their hands about the announcement, the delay will actually give some families an opportunity to reduce their college costs by thousands of dollars a year.

Education 93

Education accountant accounted Account 93

Randal DeHart

AUGUST 23, 2024

Communication is crucial in the construction industry, and active listening plays a significant role in fostering successful communication. In the bustling environment of a construction business, the ability to actively listen can make a substantial difference in understanding client needs, ensuring project requirements are met, and ultimately delivering top-quality results.

Construction 80

Construction accountant accounted Account 80

Accounting Today

AUGUST 23, 2024

Boomer Consulting recognizes 10 companies with Boomer Visionary Awards; Marcum Foundation raises over $1M for St. Jude Children's Research Hospital; and more news from across the profession.

Hospitality 78

Hospitality 78

Advertisement

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

Withum

AUGUST 23, 2024

Last week, I went to a stamp show and I won a silver medal. I previously posted about what I would exhibit. I also mentioned to quite a few people that I was a stamp collector and going to a stamp show, and they replied, “My father used to collect stamps!” Well, I still do! I really enjoy collecting and get a lot of pleasure, relaxation and mind-clearing satisfaction from it.

Legal 59

Legal CPA Tax 59

Accounting Today

AUGUST 23, 2024

The Top 50 firm voted to split leadership of its entities, HBK CPAs & Consultants and HBKS Wealth Advisors, giving each its own top executive.

cpas 78

cpas Account accounted accountant 78

CPA Practice

AUGUST 23, 2024

By Bob Wang. Do your clients need a controller, a CFO, or both? Every business, at some point, reaches a stage where financial management becomes too complex and just getting the bookkeeping done is no longer enough. Whether your clients are navigating growth, preparing for an acquisition, or just trying to stay afloat during challenging times, having the right financial leadership is key.

bookkeeping 59

bookkeeping accounting principles accounting and finance accounts payable 59

Accounting Today

AUGUST 23, 2024

The IRS is pushing back filing and payment deadlines for those affected by Ernesto and other storms.

South Dakota 72

South Dakota Tax 72

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

Patriot Software

AUGUST 23, 2024

Patriot Software continues its hot streak of new value-added features by releasing a new HR Center for payroll and HR software customers. Powered by Miratech Mineral, a leader in HR compliance, the HR Center includes proactive federal, state, and local compliance monitoring and robust HR tools, resources, and templates.

payroll 59

payroll 59

Accounting Today

AUGUST 23, 2024

Ten companies were recipients of the Boomer Visionary Awards, honoring member firms and sponsor partners in the accounting profession demonstrating exemplary performance and innovation.

Account 72

Account accountant accounted 72

Insightful Accountant

AUGUST 23, 2024

Intuit's full-year revenue grew 13 percent, Small Business and Self-Employed Group revenue grew 19 percent

52

52

Accounting Today

AUGUST 23, 2024

Schellman forms new advisory board; New partnership lets Xero users send data to Caseware; Fortanix announces full disc encryption; and other accounting technology stories.

Technology 72

Technology accounted Account accountant 72

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

CPA Practice

AUGUST 23, 2024

Paychex, Inc. , a provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced Paychex Flex Perks, a digital marketplace of employee benefits curated to address the needs of today’s diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifestyle benefits for the employees of Paychex c

Kansas 52

Kansas payroll Education accounting and finance 52

Accounting Today

AUGUST 23, 2024

In their quest to "fix" business banking, some startups have overlooked a critical group of users: accountants.

Account 53

Account accounted accountant 53

FraudFiles

AUGUST 23, 2024

The issue of “income available for support” in divorces can be huge, particularly if only one spouse works. The issue gets complex if the earnings of one or both spouses are non-traditional. Regular wages are usually easy to evaluate in a divorce case, while income from businesses, real estate, and other investments become more complicated. [.

Real Estate 52

Real Estate 52

Inform Accounting

AUGUST 23, 2024

Invoicing is a critical part of running any business, but it’s also one of the most tedious. The good news? Xero's new invoicing features are designed to make this task faster, easier, and more accurate.

52

52

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

Menzies

AUGUST 23, 2024

Menzies LLP - A leading chartered accountancy firm. You may have heard of influencer ‘unboxings’, where an online creator films themselves opening a luxury handbag, or top of the line gaming equipment, to share with their followers. At what point do these gifts constitute taxable income? When does an influencer need to declare these gifts in their business accounts?

Non-Profits 52

Non-Profits chartered accountant Tax Gaming 52

Accounting Today

AUGUST 23, 2024

The proposal from Trump and Harris to not tax tips is popular, but tipped workers in Nevada are clear-eyed out its electoral chances.

Nevada 53

Nevada Tax 53

Going Concern

AUGUST 23, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

audit 105

audit CPA auditor North Carolina 105

Accounting Today

AUGUST 23, 2024

The Republican nominee for president wants to renew the provisions of the Tax Cuts and Jobs Act.

Tax 111

Tax 111

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

AUGUST 23, 2024

By Augusta Saraiva Bloomberg News (TNS) U.S. consumer sentiment rose in early August for the first time in five months on more optimistic expectations about their finances as inflation steadied. The sentiment index climbed to 67.8 from 66.4 in July, according to the preliminary August reading from the University of Michigan. The median estimate in a Bloomberg survey of economists called for 66.9.

Michigan 52

Michigan Finance 52

CPA Practice

AUGUST 23, 2024

By Linda Stein Delaware Valley Journal, West Chester, Pa. (TNS) Aug. 22—The Bureau of Labor Statistics revised its annual jobs report by a whopping 818,000 jobs. That’s close to 1 million jobs “created” during the Biden-Harris administration that never existed. And it’s the largest downward jobs report revision in 15 years—that was in 2009, when the country was in the midst of the Great Recession.

Delaware 115

Delaware Real Estate Construction Manufacturing 115