Tue.Jun 11, 2024

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Accounting Firm Leaders Discuss Challenges/Benefits of a Remote Workforce

ThomsonReuters

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. However, implementing clear policies, fostering effective communication, and leveraging technology can help organizations navigate the ever-evolving landscape of remote and hybrid work.

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How to register for states’ sales tax

TaxConnex

Do you need a state sales tax permit? How about a sales tax license? How about a sales tax certificate of authority? Did you know they’re all the same thing? How do you spell “FEIN” anyway, and when do you need one to sell into a state? Collecting and remitting sales tax after you hit economic or physical nexus in a state comes with a lot of questions – and you usually answer no small number of questions to register for sales tax.

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Estimating Your Startup’s Total Addressable Market (TAM)

BurklandAssociates

A clear grasp of TAM can be the difference between securing essential funding and falling short. The post Estimating Your Startup’s Total Addressable Market (TAM) appeared first on Burkland.

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5 IRS developments to watch

Accounting Today

The Internal Revenue Service has announced several new policy updates now that tax season has ended.

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Building a Business Case for Finance Automation

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.

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We Think We Know Who’s About to Do a Big PE Deal

Going Concern

So FT ran this yesterday: ‘ Private equity groups poised to own one in three top US accounting firms ‘ and in it, they paraphrased people familiar with the matter as saying “ten of the 30 largest US accounting firms could soon be in private equity hands.” The article goes on to say: The acquisitions by financial buyers of those two top-10 firms by revenue opened the floodgates to other deals, the people said, positioning private equity to increase its influence over the U

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SEC taps Williams for second term at PCAOB

Accounting Today

The Securities and Exchange Commission has reappointed Erica Williams to another term as chairperson of the Public Company Accounting Oversight Board.

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More Trending

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Help business owners with exit planning, philanthropy

Accounting Today

Here's a smart way to add long-lasting value to your client relationships.

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Erica Y. Williams Gets Another Five Years to Write Scathing Op-Eds About Sloppy Audit Firms

Going Concern

The SEC announced today that current PCAOB Chair Erica Y. Williams has been appointed for a second term that begins on October 25, 2024 and ends on that same day in 2029. She’s been in the big chair at the PCAOB (no pun) since January of 2022 after she was brought in after a bit of a coup involving her predecessor William Duhnke. So this will be her first full five-year term.

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Execs say most companies won't last 10 years with current business model

Accounting Today

A new PricewaterhouseCoopers survey reveals executives think reinventing the business model is essential for companies' survival amid an increasingly risky business environment.

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Small Businesses Increased Hiring for Fourth Consecutive Month, CBIZ Index Shows

CPA Practice

Following a steady increase in hiring in the first quarter of the year, small businesses experienced strong hiring growth last month in preparation for the upcoming summer vacation season, according to top 15 accounting firm CBIZ. The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies with 300 or fewer employees across the U.S., indicated a seasonally adjusted increase of 2.69% in May—up from 0.29% in April and the fourth straight month of increa

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Fall In Love With the Month-End Close

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.

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340B Drug Pricing Disputes: A Closer Look at the New ADR Process

Withum

The 340B Drug Pricing Program allows eligible healthcare organizations and covered entities to access outpatient drugs at significantly reduced prices. It provides discounted medications to safety-net providers, such as hospitals, clinics, and health centers, which serve uninsured and low-income patients. The 340B Administrative Dispute Resolution (ADR) process is designed to assist 340B covered entities and 340B drug manufacturers in resolving disputes regarding 340B covered drug pricing.

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Tax Strategies for Real Estate Investing: Converting a Residence to a Rental Property

CTP

Real estate is an attractive investment opportunity, but investors need to be prepared for potential taxes to truly maximize their profits. New investors may be unaware that taxation differs depending on how they acquired the property and how it is being used. Common means of acquiring a property include simply purchasing it, inheriting it, or receiving it as a gift—and each comes with its own tax implications.

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Tax-planning certification rolling out as wealth and tax divide narrows

Accounting Today

Jeffrey Levine and The American College of Financial Services hope to help more financial advisors branch into the related but historically separate field.

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Accountant Approved Apps Disappointing

Insightful Accountant

Intuit recently launched something they are calling Accountant Approved Apps; I must say that I was somewhat disappointed by these 'groupings.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

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Overtime rule draws fire from business groups

Accounting Today

A variety of business groups have been filing lawsuits to stop the Department of Labor's overtime rule, which is set to go into effect on July 1.

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Research & Development (R&D) Tax Credits: What Technology Companies Need to Know

Withum

The R&D tax credit is a tax incentive that encourages companies to invest in research and development activities in the United States. The credit is available to businesses that engage in qualifying R&D activities, such as developing new or improving existing products, processes or software. For technology companies in the United States, there have been several recent changes to the R&D tax credit: Permanent extension of the credit: The R&D tax credit has been permanently extende

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IRS tries to downsize extra office space

Accounting Today

The Internal Revenue Service has been making efforts to reduce the overall amount of space it rents, but it nevertheless has lots of unnecessary space that it's paying hundreds of millions of dollars for every year.

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Bench Time: Emerge Stronger from a Slow Pipeline

Summit CPA

We’ve been talking a lot about pipeline recently because it’s top of mind for the industry. It can be a tough subject because it ties directly into capacity and an agency’s beating heart: its people.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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In the blogs: Subtle yet significant 

Accounting Today

What clients like to believe; Tax Court fun; auditing REITs; and other highlights from our favorite tax bloggers.

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Cash Flow Mastery | Capital Expenditure Decision-Making | Archives

Insightful Accountant

Watch June's replay of Cashflow Mastery Talks with Cashflow Mike.

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How to Help Clients Set up a Payment Plan With the IRS

Patriot Software

Do you have a client who can’t pay their tax bill? You may need to help them set up a payment plan with the IRS. A payment plan, such as an installment agreement, generally decreases penalties and prohibits the IRS from levying assets.

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Staying Ahead of the Curve: A Guide to Upgrading Your Clients' Accounting Software

Insightful Accountant

Clients have access to cutting-edge accounting software solutions for efficiency! Stay ahead in the evolving landscape by equipping clients with secure tools. Out of the Box recognizes this need.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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Erica Williams Gets Second Term as PCAOB Chair

CPA Practice

The Securities and Exchange Commission (SEC) has reappointed Erica Williams to a second term as chair of the Public Company Accounting Oversight Board (PCAOB), a move that signals stability at the audit regulator following the dismissal of its previous chairperson by SEC Chair Gary Gensler three years ago. Williams’ second term begins on Oct. 25 and concludes on Oct. 24, 2029, the SEC said on Tuesday.

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Free Webinar: Decoding 280E and Current Developments

Anders CPA

Register for the 06/12/2024 webinar! Register Now Please join us as we discuss the underpinnings of section 280E and how it is currently functioning in our tax system. We will discuss the position that Gonzales v. Raich is no longer good law and Section 280E does not apply to the current cannabis industry, the intersection of the 471(c) accounting method and Section 280E, and the possibility that past Section 280E costs may be deducted with rescheduling.

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Thomson Reuters and SAP Partner for Automating Tax Reporting

CPA Practice

Thomson Reuters, a global content and technology company, has expanded its partnership with SAP as it integrates ONESOURCE Sales & Use Tax Compliance with SAP Document and Reporting Compliance for SAP S/4HANA. The new integration supports businesses using SAP technologies with automating and filing sales and use tax returns in the United States directly from SAP Document and Reporting Compliance via a unified user experience, helping to streamline processes, save time, and support accuracy i

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The Employee Retention Credit: 2024 Updates

Cherry Bekaert

Watch this video to learn about the most recent ERC updates from the Internal Revenue Service (IRS) and what to watch for in the next year before the final application deadline. During this webinar, Cherry Bekaert’s Tax Credits & Incentives Advisory speakers will discuss how to help business owners understand if they qualify for the 2021 ERC so they can take advantage of this tax incentive while adhering to the guidance that the IRS has provided before the final application deadline in April

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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Here Are the 40 Elijah Watt Sells Award Winners for 2023

CPA Practice

The AICPA last week announced the 40 winners of the 2023 Elijah Watt Sells Award, granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections of the exam on their first attempt, and completed testing in 2023. According to the AICPA, more than 86,000 individuals sat for the CPA exam last year.

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Your Guide to Getting the Most Out of Dreamforce 2024

Accounting Seed

Top 5 Tips for Your Dreamforce Experience Dreamforce —Salesforce’s most-loved user conference—has been a highlight for many business professionals since its inception in 2003. This year, Dreamforce is taking place in San Francisco from September 17-19 at the Moscone Center. From on-site training and networking opportunities to exciting concerts and parties, Dreamforce brings no shortage of valuable experiences for Salesforce administrators, developers, partners, users, and prospects alike.

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Missouri Appeals Court Upholds Lower Court Ruling on St. Louis City Earnings Tax Refund

Anders CPA

Non-St. Louis City residents working for St. Louis city employers may be eligible for earnings tax refunds when working remotely from home. A January trial court decision said non-city residents should receive a refund for earning taxes paid while working remotely for city-based businesses. During the COVID-19 pandemic, some non-residents who worked in the City of St.

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What an Attorney Looks For in an Expert Witness

FraudFiles

Attorney Miles Mason talks about the characteristics he looks for in a potential expert witness, including qualifications, ability to explain concepts, and demeanor.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.