Mark Lee

OCTOBER 15, 2024

Most general practitioner accountants I talk with (and I talk with a lot of them) are, obviously, generalists rather than specialists. They typically started out as general practitioners and often stay that way as their client base has always been quite disparate. Many accountants who develop a specialisation do so only because they originally trained in firms that encouraged them to specialise – often quite early in their career.

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TaxConnex

OCTOBER 15, 2024

Income tax often seems to grab most of the headlines, but sales tax can make for a hefty crime – and punishment – too. A famous case recently examined in the TaxConnex podcast It Depends episode, “Sales Tax Crimes - Pt. 2: The Eccentric TYCO CEO’s Sales Tax Scheme,” clearly shows how you shouldn’t do the sales tax crime if you can’t do the time. Big numbers, common crime Unscrupulous vendors often collect and not remit sales tax (as in one recent case with a juice store owner in the District of

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Sales New Hampshire Tax income tax 243

BurklandAssociates

OCTOBER 15, 2024

Non-compliance can block capital raises, delay exits, and cost you and your investors significant time and money. The post Compliance: The Silent Startup Killer appeared first on Burkland.

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Tax 130

Accounting Today

OCTOBER 15, 2024

The National Association of Tax Professionals criticized an ad promoting Intuit's TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.

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Tax tax preparation 130

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.

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CPA Practice

OCTOBER 15, 2024

Following Hurricanes Milton and Helene, many Americans are reaching out in various ways to assist. Unfortunately, there are some unsavory folks and organizations out there, so be careful when giving to charity drives. The Internal Revenue Service is also warning taxpayers of scammers who use fake charities to gather sensitive personal and financial data from unsuspecting donors.

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Tax 111

Accounting Today

OCTOBER 15, 2024

The payroll and HR services giant has acquired global enterprise-focused workforce management solution provider WorkForce Software, based in Michigan.

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GrowthForceBlog

OCTOBER 15, 2024

7 min read October 15th, 2024 All business expenses represent money out the door, but the way you categorize these expenses has greater implications than reduced net income. Key Takeaways How to Calculate and Identify a Capital Expenditure: CapEx = (Prior Period PP&E - Current Period PP&E) + Current Period Depreciation. The Key Differences Between CapEx and OpEx: For most businesses, both capital expenditures and operational expenditures are necessary for success, and finding the right b

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CPA Practice

OCTOBER 15, 2024

By Jessica Jones-Gorman Staten Island Advance, N.Y. (TNS) The number of homes in the United States valued at $1 million or more is at a record high. In fact, a recent report from Zillow shows there are approximately 550 “million-dollar” cities scattered throughout the country—locations where the typical home is worth $1 million or more. So what does it take to afford the mortgage on such a costly purchase?

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Accounting Today

OCTOBER 15, 2024

The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.

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Tax corporation tax 122

AccountingDepartment

OCTOBER 15, 2024

Navigating the complex world of non-profit accounting can feel like a daunting task for many non-profit managers. The stakes are high as effective accounting not only keeps the organization compliant but also plays a crucial role in fulfilling its mission. For non-profits striving to maximize their impact, understanding and overcoming common accounting challenges is essential.

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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

OCTOBER 15, 2024

In the wake of Hurricane Milton, the IRS is pushing back filing and payment deadlines.

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Tax 125

Going Concern

OCTOBER 15, 2024

We realize the decision to run maintenance on IRS systems likely isn’t made by anyone who understands deadlines but surely someone who does could inform the IT department of these important dates to prevent shutdowns during critical time periods? No? It feels like this happens every year. Apparently they were planning to do a little maintenance on the Tax Pro Account systems from October 13-15.

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Accounting Today

OCTOBER 15, 2024

The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.

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cpas Tax 78

CPA Practice

OCTOBER 15, 2024

The payroll and benefits technology maker ADP has acquired WorkForce Software, a workforce management solutions provider that specializes in supporting large, global enterprises. This acquisition will expand ADP’s global offering of workforce management solutions and enable future innovation in the space. “As the needs of today’s global workforce continue to shift, employers need dynamic workforce management solutions that will help them maintain compliance and flexibility while engaging their e

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Michigan payroll 59

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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.

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Accounting Today

OCTOBER 15, 2024

What keeps employees engaged is changing rapidly, and accounting firms can't afford to fall behind, according to ADP's Tina Wang, and Darren Root.

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CPA Practice

OCTOBER 15, 2024

The future of work is coming to Orlando this November for tax, audit, and accounting professionals. SYNERGY gives you an exclusive opportunity to discover innovative solutions, engage in collaborative discussions, exchange ideas, and forge new partnerships. From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024.

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Accounting Today

OCTOBER 15, 2024

If you don't report, you can't measure what was successful, and — as equally important — what wasn't.

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Insightful Accountant

OCTOBER 15, 2024

Murph is starting a new series on "How to" for various ERPs. In this first article he is looking at one of the reported features in the new Intuit Enterprise Suite. multi-entity access.

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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

OCTOBER 15, 2024

Tax cuts and Mickey's slice; avoiding FBARs; COLA wars; and other highlights from our favorite tax bloggers.

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Summit CPA

OCTOBER 15, 2024

An agency makes a plan for massive growth: double from $10 to $20 million in one year, and then hit $30 million the next. They create a budget to support that ambitious forecast, with plans to do significant hiring and to throw major technology resources at their growing business.

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CPA Practice

OCTOBER 15, 2024

Pivot Payables, a fintech company delivering corporate financial operations solutions, announced on Oct. 15 a new integration with American Express, enabling American Express U.S. Business and Corporate Card members the ability to generate virtual cards within PivotLynx , Pivot Payables’ accounting automation application, ensuring requests are routed to managers for budget approval and cost accounting.

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Insightful Accountant

OCTOBER 15, 2024

Small tax practices face the ever-increasing challenge of staying competitive and efficient. The key to success? Embracing the right technology. But with so many options available, how do you know which solutions are best for your firm?

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Tax 52

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CPA Practice

OCTOBER 15, 2024

ContractPodAi , the leader in legal AI and contract lifecycle management, today announced a new strategic alliance with KPMG. KPMG has selected Leah, ContractPodAi’s generative AI platform for lawyers, to power its new managed legal services capability, serving clients in the US, UK, Germany and other key global markets. This collaboration marks a significant milestone in the adoption of advanced technological solutions within the legal industry.

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ThomsonReuters

OCTOBER 15, 2024

At the end of August 2024, the comment period ended for the Consumer Financial Protection Bureau’s (CFPB) proposed rule to clarify when certain paycheck advance products, including those marketed as “earned wage access,” are subject to Truth in Lending Act (TILA) and Regulation Z requirements. Jump to ↓ EWA market growth and adoption CRS insights on EWA regulation Industry response and perspective on CFPB’s proposal Critiques of CFPB’s interpretation of EWA EWA in t

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CPA Practice

OCTOBER 15, 2024

Top Technology Initiative Article – October 2024 Well, that’s a wrap on another tax season. This year was one of the most normal tax years in some time. The IRS granted tax relief for MI storms , tornados in OH , hurricanes Beryl in TX , and Debby in NC. Otherwise, tax deadlines were normal in most places. But wait! Along came the devastation of Hurricane Helene and the appropriate extensions granted in seven jurisdictions, including the entire states of Alabama, Georgia, North Carolina, and Sou

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Insightful Accountant

OCTOBER 15, 2024

This acquisition will expand ADP's global offering and drive workforce management innovation to meet the future needs of businesses.

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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

OCTOBER 15, 2024

If you or your business donate a conservation easement to a qualified charitable organization, you may be able to claim a deduction reaching into six or seven figures. However, as shown in a new case involving a limited liability company (LLC), Savannah Shoals, LLC, Green Creek Resources, LLC , TC Memo 2024-35, 3/26/24 , the claim must be supported by a valid independent appraisal.

Tax 52

Tax Real Estate Construction Georgia 52

Menzies

OCTOBER 15, 2024

Menzies LLP - A leading chartered accountancy firm. Companies House will be cracking down on compliance by directors and will be imposing new penalties on the failure by directors, who are legally responsible for making sure that all filings and updated information is sent to Companies House on time for the following documents: the confirmation statement the annual accounts – even if the company is dormant any changes in company officers or their personal details – within 14 days of appoin

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chartered accountant Legal accounting firms accountant 59

CPA Practice

OCTOBER 15, 2024

The National Retail Federation is forecasting that 2024 holiday spending is expected to grow between 2.5% and 3.5% over 2023. That equates to between $979.5 billion and $989 billion in total holiday spending in November and December, compared with $955.6 billion during the same timeframe last year. “The economy remains fundamentally healthy and continues to maintain its momentum heading into the final months of the year,” NRF President and CEO Matthew Shay said.

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Retail Sales Finance 52

Menzies

OCTOBER 15, 2024

Menzies LLP - A leading chartered accountancy firm. Companies House will be cracking down on compliance by directors and will be imposing new penalties on the failure by directors, who are legally responsible for making sure that all filings and updated information is sent to Companies House on time for the following documents: the confirmation statement the annual accounts – even if the company is dormant any changes in company officers or their personal details – within 14 days of appoin

chartered accountant 52

chartered accountant Legal accounting firms accountant 52

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