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.

bookkeeping software 89

bookkeeping software bookkeeping Account accounted 89

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

Sales 203

Sales New Hampshire Tax income tax 203

CPA Practice

OCTOBER 15, 2024

By Ting Song. Accounting is often one of the last areas a company invests in because it’s traditionally seen as a cost center rather than a revenue generator. As teams grow, the straightforward solution might seem to be adding more staff. But do companies typically increase headcount in proportion to revenue growth? This tends to be the case in departments like sales or marketing, but not in areas like accounting, HR, or operations.

Technology 111

Technology Account accounted accountant 111

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.

Tax 130

Tax tax preparation 130

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

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.

Tax 130

Tax 130

Accounting Today

OCTOBER 15, 2024

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

Tax 125

Tax 125

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.

Michigan 124

Michigan payroll 124

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?

Tax 96

Tax Account accounted accountant 96

Accounting Today

OCTOBER 15, 2024

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

small business accounting software 118

small business accounting software small business accounting accounting software business accounting 118

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.

Non-Profits 90

Non-Profits Account accounted accountant 90

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

Account

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.

Tax 94

Tax corporation tax 94

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

Michigan 59

Michigan payroll 59

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.

cpas 78

cpas Tax 78

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.

Tax 69

Tax CPA accounting system accounted 69

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

Accounting Today

OCTOBER 15, 2024

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

Tax 72

Tax tax preparation income tax Sales 72

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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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.

accounting firms 72

accounting firms accounted Account accountant 72

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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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

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.

general ledger 52

general ledger cost accounting accounted Account 52

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?

Tax 52

Tax 52

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.

Legal 52

Legal Technology 52

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

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 59

chartered accountant Legal accounting firms Account 59

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

South Carolina 52

South Carolina North Carolina Florida tax return 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 of 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

chartered accountant 52

chartered accountant Legal accounting firms Account 52

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

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

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 Account 52

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.

Retail 52

Retail Sales Finance 52

Menzies

OCTOBER 15, 2024

Menzies LLP - A leading chartered accountancy firm. The first sign that a business is struggling could be as simple as a late payment or a request for longer payment terms. It could also indicate that the company is about to enter insolvency. In some instances, you may be left with an unpaid invoice and feel powerless to do much about it. However, seeking advice from an Insolvency Practitioner (IP) could provide insight into what has happened within the business, and potentially recover some of

chartered accountant 52

chartered accountant accounting firms Account accounted 52

CPA Practice

OCTOBER 15, 2024

Audit automation platform DataSnipper announced on Oct. 15 the acquisition of AI-native UpLink, a cloud-based secure document request portal, and the launch of DocuMine, a new AI-powered document validator. The move dramatically expands DataSnipper’s goal of building a comprehensive AI-powered audit ecosystem with global impact, the Amsterdam-based company said in a media release.

auditor 52

auditor audit Finance 52

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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