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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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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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

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

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.

Account

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

Withum

APRIL 24, 2024

Intuit announced they are halting new subscriptions for several QuickBooks Desktop (QBD) products after July 31, 2024. It’s crucial to stay informed about these changes, which may impact your business in the short and long term. In our FAQ guide, we aim to clarify various aspects surrounding the sunsetting of QBD to ensure a smooth transition.

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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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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 accountant Account 107

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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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

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.

Account

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 138

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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accountant Account accounted 76

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

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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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.

financial statements

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

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

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

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Tax tax preparation 106

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

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

Sales

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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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

Accounting Today

APRIL 24, 2024

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

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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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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.

Accounting Today

APRIL 24, 2024

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

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Tax 80

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

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

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

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.

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 Account accounted 52

Cherry Bekaert

APRIL 24, 2024

The German Mittelstand and U.S. companies are being urged to take action on sustainability and carbon reporting laws. In both countries, the laws require companies to disclose their carbon footprint, energy consumption and other environmental impacts. Failure to comply could result in fines and reputational damage. Watch this video to learn more about what actions companies can take now to avoid potential legal and financial consequences.

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Legal CPA accountant Account 52

Canopy Accounting

APRIL 24, 2024

Did you know that Customer Relationship Management (CRM) systems can increase customer retention rates by 27% and improve customer relationships in 74% of businesses? It's no wonder CRM systems have become indispensable in today's competitive business environment. For accountants, choosing the right CRM — traditional or accounting-specific — can feel as complex as navigating a dense financial spreadsheet.

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accountant Account accounted 52

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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.