RogerRossmeisl

APRIL 24, 2024

As reported in IR-2024-46 Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced on 2/21/24 plans to begin dozens of audits on business aircraft involving personal use. The audits will be focused on aircraft usage by large corporations, large partnerships and high-income taxpayers and whether for tax purposes the use of jets is being properly allocated between business and personal reasons.

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audit CPA Tax cpa firm 236

Accounting Today

APRIL 24, 2024

Firms need to adapt to changes in technology at a pace that makes sense for them and their clients.

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CPA Practice

APRIL 24, 2024

The newly formed Alternative Dispute Resolution Program Management Office, an arm of the IRS Independent Office of Appeals, will work with the agency’s business operating divisions—Wage & Investment, Large Business & International, Small Business/Self-Employed, and Tax Exempt and Government Entities—to help taxpayers resolve tax disputes earlier and more efficiently, the IRS said on April 24.

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Tax Education Government accountant 130

Accounting Today

APRIL 24, 2024

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

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tax return Tax 128

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

APRIL 24, 2024

The U.S. Department of Transportation has issued a final rule that requires airlines to promptly provide passengers with automatic cash refunds when owed. The new rule makes it easy for passengers to obtain refunds when airlines cancel or significantly change their flights, significantly delay their checked bags, or fail to provide the extra services they purchased.

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Transportation Entertainment Government Tax 118

Insightful Accountant

APRIL 24, 2024

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

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Tax Technology 115

CPA Practice

APRIL 24, 2024

A new bill recently introduced by lawmakers in both the House of Representatives and the Senate would improve the IRS’s math error procedures—a power used by the agency to quickly adjust a taxpayer’s federal income tax return if it contains a simple mistake or clerical error. Sens. Elizabeth Warren (D-MA) and Bill Cassidy (R-LA) introduced the Internal Revenue Service Math and Taxpayer Health (IRS MATH) Act on April 18, with Reps.

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tax return Tax income tax cpas 111

Accounting Today

APRIL 24, 2024

Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.

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Tax 106

CPA Practice

APRIL 24, 2024

52.2 is currently the average age of a public accounting firm partner, down from 52.6 last year, as firms are promoting younger professionals to replace retiring partners, according to new data released by INSIDE Public Accounting. In an April 24 blog post , the publication wrote: In nearly 8% of firms, the average age of the partner group is 60 and above, and 26% have an average partner age of 55 or older. 28% of firms have an average partner age under 50, an increase from 23% last year.

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public accounting accounting firms Account accountant 107

Accounting Today

APRIL 24, 2024

Turns out clients are as mistaken about tax preparers as they are about taxes.

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Tax tax preparation 106

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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.

Technology

Insightful Accountant

APRIL 24, 2024

A lot of ProAdvisors and Accountants voiced their opinions at the April 24th QuickBooks Live Strategy (briefing) webinar. a lot of those opinions were negative, but this might not be as bad as your thinking.

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quickbooks Account accountant accounted 105

Accounting Today

APRIL 24, 2024

Lindsay Stevenson's transformation team drives innovation for Top 50 Firm BPM

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Insightful Accountant

APRIL 24, 2024

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

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tax preparation Tax 103

Accounting Today

APRIL 24, 2024

Podcasting is the new blogging. Everyone's doing it, and you should, too, right? Not so fast.

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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

KROST

APRIL 24, 2024

LOS ANGELES, CA – For the fourth year in a row, Accounting Today has named KROST a Top 100 Firm. The firm ranked 82nd on the list by continuing to expand its services. In addition, KROST has once again earned the title of Regional Leader for the second year in a row, marking its third Read the full article. The post Press Release: KROST Named Top 100 Firm and Regional Leader 2024 by Accounting Today appeared first on KROST.

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Account accounted accountant 76

Accounting Today

APRIL 24, 2024

Its investigators identified a scheme to improperly claim COVID relief tax credits.

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Tax 80

CPA Practice

APRIL 24, 2024

AICPA & CIMA , which together form the Association of International Certified Professional Accountants, have today announced the launch of the Registered Apprenticeship for Finance Business Partners in the State of Florida. The program partners with the Florida Institute of CPAs and accounting and finance leaders to enhance the Florida talent pipeline by providing instruction leading to a profession-recognized credential, on the job training and mentorship.

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Florida Finance accounting and finance cpas 64

Accounting Today

APRIL 24, 2024

$28 million in grants are available for Low Income Taxpayer Clinics, with a particular emphasis on states and counties that aren't currently covered.

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Tax 80

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

Going Concern

APRIL 24, 2024

With tax season behind us , clients now have a whole year to work on finding a new tax preparer if theirs dipped out on them in the past year or two. You see, firms finally got the “charge what you’re worth” memo and have been shedding bad clients to free up scarce resources for the good ones. And that’s a good thing. God I hate when trash websites use “and that’s a good thing.” Sorry.

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tax preparation Tax 59

Accounting Today

APRIL 24, 2024

In "The Black Tax," professor and historian Andrew W. Kahrl explores how the racial wealth gap in America has roots in unfair tax practices.

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Tax 78

Withum

APRIL 24, 2024

Thinking of Optimizing Your ERP? Is your tech company ready to supercharge its ERP system? Watch this on-demand webinar where Withum’s Tech Advisory expert delves into the world of ERP Optimization. Whether you’re using Oracle NetSuite, Sage Intacct, or Microsoft Business Central, this recording is tailored to help you extract maximum value from your enterprise software.

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NetSuite 52

Accounting Today

APRIL 24, 2024

The events will be held in Chicago, Baltimore, Dallas, Orlando, and San Diego this year.

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Tax 78

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

Insightful Accountant

APRIL 24, 2024

New Xero data shows signs that sales decline is stabilizing for US small businesses.

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Sales 52

Ryan Lazanis

APRIL 24, 2024

Many firm owners work too much without a break. In this episode, I'll share a system to boost your profits while cutting your work hours. The post 150 – The Firm Freedom System [6 Steps] appeared first on Future Firm.

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accountant accounted Account 52

Insightful Accountant

APRIL 24, 2024

Investment from Periphas Capital and Lavelle Capital will support FinQuery’s mission to make lives easier by simplifying complex workflows with technology.

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CPA Practice

APRIL 24, 2024

Sovos has aligned with the Digital Business Networks Alliance (DBNAlliance) as an early member, marking a significant milestone in the initiative’s development. Processing more than 11 billion transactions each year, Sovos’ membership is a substantial show of support for the DBNAlliance’s mission to rapidly deploy a framework of standards and supporting services for seamless electronic data exchange in the U.S., across the Atlantic and globally.

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Government Maine Sales 52

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

Insightful Accountant

APRIL 24, 2024

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

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quickbooks 52

ThomsonReuters

APRIL 24, 2024

Jump to: What is GenAI and how can tax professionals use it? Let client needs lead the way Find a trusted AI technology provider as a partner Focus on building trust Clarify the complex with AI-powered technology solutions By automating routine tasks, tax professionals can use AI to redirect efforts toward more client-focused work that’s typically more fulfilling and profitable.

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Technology Tax accounting firms financial statements 52

CPA Practice

APRIL 24, 2024

AuditBoard, a cloud-based platform transforming audit, risk, compliance, and ESG management, says its powerful artificial intelligence capabilities are now generally available. As part of the company’s innovative and award-winning connected risk platform, AuditBoard AI incorporates generative AI, and other private AI models to help audit, risk, infosec, and ESG teams work smarter while meeting the security and privacy needs of the enterprise.

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audit Technology Gaming accountant 52

Shay CPA

APRIL 24, 2024

While working in the corporate world provides some serious upside — from the chance to learn from a wide range of people to cushy compensation packages — it can also be a grind. And as the recent wave of tech layoffs continues crashing upon people, you might be formulating an exit strategy. Fortunately, as a tech professional, you have an exciting opportunity.

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Finance CPA accountant accounted 52

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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.