Accounting Insight
FEBRUARY 27, 2024
Today, most accountancy practices are alert to the time and cost they can save by migrating to the cloud. Making the shift away from servers has long been attractive to future-focused partners and practice managers keen to grow their firms and maximise efficiency. Like all technologies, however, the cloud has evolved, presenting new opportunities and business uses, particularly concerning data.
TaxConnex
FEBRUARY 27, 2024
Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. Accounting is beset by a triple threat: a looming wave of retirement, a lingering great resignation of younger professionals and a talent pipeline of new graduates that’s slowing to a trickle.
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Accounting Today
FEBRUARY 27, 2024
Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.
CPA Practice
FEBRUARY 27, 2024
Whether you’ve been self-employed for ages or are one of many entrepreneurs to have launched a business recently, lowering your taxes is always a savvy business strategy. Here are a dozen deduction tips, provided by the Illinois CPA Society. There may be many more to take advantage of – consult a certified public accountant before filing your returns this tax season: Start-Up & Organizational Costs: The costs of forming a legal business entity, like registration fees and licenses, add up.
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.
Accounting Today
FEBRUARY 27, 2024
Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.
Going Concern
FEBRUARY 27, 2024
If you’re a high school student and future accounting major hoping to receive your undergraduate education from a friendly chatbot, we’re sorry to say that won’t be happening any time soon. A study authored by Charles Darwin University Professor of Accounting Indra Abeysekera and published in Journal of Open Innovation: Technology, Market, and Complexity examined how well ChatGPT can explain the solutions to problems and found it’s about as good as a terrible professor.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
FEBRUARY 27, 2024
Withum is excited to share that Zack Smith , Team Leader of the Real Estate Valuation Team , has been appointed to the Executive Committee for the International Institute of Mineral Appraisers (IIMA). Zack will serve as the Secretary, responsible for internal and external communications, public relations, memberships and record keeping. It is a 2-year term by which he and the entire executive committee will oversee and manage the institute’s operations.
Accounting Today
FEBRUARY 27, 2024
The Internal Revenue Service is reopening access Tuesday to its Direct File free online tax prep system after temporarily closing it to new users.
Insightful Accountant
FEBRUARY 27, 2024
FinQuery’s new contract management solution is purpose-built to provide insight and intelligence into organizations’ contractual financial obligations
Accounting Today
FEBRUARY 27, 2024
While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.
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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.
CPA Practice
FEBRUARY 27, 2024
Chances are you have clients—or would like to have clients in various niches—who are one-person shops. They have no staff, and are taking full advantage of the gig economy to work for themselves and pursuing their passions. Welcome to QuickBooks Solopreneur. You neither have to have a small accounting practice, nor be in a medium or even a larger practice to want to work with one-person clients.
Accounting Today
FEBRUARY 27, 2024
What can firms do to minimize the risk of being the victim of a cyberattack? Here are five key security tips to protect your firm this busy season.
Insightful Accountant
FEBRUARY 27, 2024
Platform Accounting Group is proud to announce it was selected as the winner for the 2023 Karbon Excellence Award for Practice Excellence.
Accounting Today
FEBRUARY 27, 2024
Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.
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.
Canopy Accounting
FEBRUARY 27, 2024
When are 1099s due? All 1099-MISC forms that report non-employee compensation (NEC) must be sent to both the recipient and the IRS by January 31. All other 1099s are due February 28 if filed on paper and April 1 if filed electronically.
Accounting Today
FEBRUARY 27, 2024
The Internal Revenue Service issued a notice granting an administrative exemption from the electronic filing requirements for the Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
CPA Practice
FEBRUARY 27, 2024
Via Breana Noble, The Detroit News (via TNS). With gasoline prices dropping, a new study suggests gas-powered vehicles may be more economic to fuel up versus an equivalent electric vehicle. Entry-level gas-powered cars like the Honda Civic and Subaru Impreza had an average fueling cost of $9.46 per 100 purposeful miles, which are defined as those going to a destination, not a gas or charging station, according to the East Lansing-based consulting firm Anderson Economic Group, which has done busi
Cherry Bekaert
FEBRUARY 27, 2024
On December 14, 2023, the Financial Accounting Standards Board (FASB) expanded income tax disclosure requirements for public and private companies. The expanded disclosure requirements are detailed in Accounting Standards Update No. 2023-09 (ASU 2023-09) and increase transparency of a filer’s global taxes. This will require filers to provide more details and be more descriptive in their financial statement income tax disclosures, which should enable business leaders and investors to make more
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.
CPA Practice
FEBRUARY 27, 2024
By William Earl, Variety Entertainment News Service (TNS) The upcoming Lucasfilm theatrical release “The Mandalorian & Grogu” is one of 15 films to secure an estimated $61 million in 2024 production tax incentives through California’s Film and Television Tax Credit Program. The California Film Commission touted Disney’s “Mandalorian & Grogu” as the biggest-budget movie to ever qualify for state’s tax program, which distributes $330 million annually in state tax credits to TV and film pro
Accounting Today
FEBRUARY 27, 2024
The scandal robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.
CPA Practice
FEBRUARY 27, 2024
The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. 21. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).
Accounting Today
FEBRUARY 27, 2024
The IRS is pushing back filing and payment deadlines for those in the San Diego area who were affected.
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 Practice
FEBRUARY 27, 2024
By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. Those days are long gone. Today, things are distinctly more digital. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.
Going Concern
FEBRUARY 27, 2024
Save your crayon-counting jokes for the comments. As you may have heard, the United States Marine Corps recently received an unmodified opinion from EY. In any other sector this might prompt a hearty “who cares?” but for the Marines it’s a huge deal, the first of its kind for any branch of the military. And for real this time (we’ll get to that in a minute).
CPA Practice
FEBRUARY 27, 2024
Sage , a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has launched its new generative AI-powered productivity assistant, set to revolutionize accounting, finance and people management processes, and empowering customers to make smarter business decisions. For small business owners, CFOs, accountants, and HR leaders, Sage Copilot will act as a trusted member of their team, handling administrative and repetitive tasks in ‘real time’, while recommend
Withum
FEBRUARY 27, 2024
When it comes to sports betting, taxes play a crucial role in shaping the industry. In May 2018, the Supreme Court invalidated The Professional and Amateur Sports Protection Act (PASPA), a federal law enacted in 1992 restricting sports betting in most states. This ruling allowed individual states to legalize and regulate sports betting within their borders.
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
LSLCPAs
FEBRUARY 27, 2024
There’s no question that annual financial statement audits are sometimes considered a “necessary evil”. However, the feeling is often eased with familiarity of the process, familiarity with your Agency’s operations, and familiarity with your auditors. We (the auditors) like to think of them as even enjoyable! Unfortunately, when the aforementioned variables are removed, they can.
Withum
FEBRUARY 27, 2024
Gear up for the Winter issue of Dealer Vision ! This newsletter is packed with insights to steer your dealership in the right direction. Learn more about the FTC Safeguards Rule, how to maximize your 2024 dealership returns and key takeaways from the 2023 AICPA Dealership Conference in Las Vegas. Inside This Issue Key Takeaways From the 2023 AICPA Dealership Conference Maximize Your Dealership’s 2024 Returns With These 4 Tax Credits and Reporting Requirements The FTC Safeguards Rule: Get Your De
Accounting Today
FEBRUARY 27, 2024
Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers.
Withum
FEBRUARY 27, 2024
In this on-demand webinar session, discover the exciting new updates and features of Sage Intacct’s first release for 2024! We will explore how these enhancements can empower more thorough decision-making and streamlined financial management to improve business efficiency. Already Registered? Click Here View On-Demand Webinar Learn about the recent innovations and hear about practical insights and real-world use cases to maximize the benefits of Intacct.
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