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
The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.
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.
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.
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
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.
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
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.
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
While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.
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.
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.
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
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.
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
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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.
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
Data shows that people lost at least $1.56 billion in 2023 from cryptocurrency-related fraud schemes.
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
Auditing is undergoing a seismic shift, largely driven by the relentless march of technology.
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
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
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
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).
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.
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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.
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.
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.
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
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
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.
Accounting Today
FEBRUARY 27, 2024
The scandal robbed billions of euros from government coffers and ensnared some of Wall Street's biggest banks.
Insightful Accountant
FEBRUARY 27, 2024
Sage and AWS will launch first domain-specific accounting Large Language Model (LLM) and AI-powered carbon reporting solution Sage Earth to be available in the AWS Marketplace.
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.
Reckon
FEBRUARY 27, 2024
Australia’s thriving trades industry, coupled with the continuous demand for plumbing services, presents a lucrative opportunity for aspiring entrepreneurs to start their plumbing business. However, embarking on this journey requires meticulous planning, industry knowledge, and adherence to legal regulations. In this guide, we’ll navigate through the essential steps to show you how to start a plumbing business in Australia.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
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