CPA Practice
JANUARY 18, 2024
In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. Amidst this, finding time for marketing can be a challenge. However, effective marketing doesn’t always require hours of effort. 10 Quick Tips Here are 10 quick tips to market your services efficiently, even when time is a luxury you don’t have.
TaxConnex
JANUARY 18, 2024
What’s the latest brewing today in sales tax? A lot, spanning many hot topics – and if you can believe it, not all the news is bad. Take economic nexus thresholds. It’s pushing six years since the U.S. Supreme Court’s Wayfair decision largely opened sesame for states to begin economic enforcing nexus thresholds. Physical nexus standards – such as having offices, staff or inventory in a state – had long mandated that retailers had to collect and remit a state’s sales tax.
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Accounting Today
JANUARY 18, 2024
Proponents of affordable housing are praising provisions related to the Low-Income Housing Tax Credit in the tax extenders bill that was unveiled this week, saying they could result in financing over 20,000 homes.
CPA Practice
JANUARY 18, 2024
By Isabella Ward and Brad Stone. Bloomberg News (via TNS) Governments and businesses are not prepared for the havoc quantum computers will sow in cybersecurity by the end of the decade, according to an International Business Machines Corp. executive. “Is quantum going to really create a cybersecurity Armageddon?” Ana Paula Assis, IBM’s general manager of Europe, Middle East and Africa, said on a panel at the World Economic Forum in Davos on Wednesday.
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.
Accounting Today
JANUARY 18, 2024
Shocking behavior; mother's day; Ferrari mad; and other highlights of recent tax cases.
Insightful Accountant
JANUARY 18, 2024
Murph takes 'another look' at Dryrun, financial forecasting and scenario modeling software that integrates with QuickBooks Online, Xero and other platforms.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JANUARY 18, 2024
In case your invitation got lost in the mail, we want to make sure you’re aware the 54th Annual Meeting of The World Economic Forum at Davos is underway as of Monday and set to wrap up tomorrow, the 19th of January. Considered the hottest event of the year for conspiracy theorists’ favorite shape-shifting lizards, it’s an opportunity for the people who shape the world to get together and figure out ways to f**k over the plebs talk shop.
Accounting Today
JANUARY 18, 2024
The accounting profession is undergoing significant changes due to the rise of artificial intelligence and automation.
CPA Practice
JANUARY 18, 2024
A small group of tax-exempt organizations will have to wait a little longer to electronically file two tax forms to the IRS while the agency performs system upgrades. The IRS said on Thursday that tax-exempt groups won’t be able to e-file Form 990-T , Exempt Organization Business Income Tax Return , or Form 1120-POL , U.S. Income Tax Return for Certain Political Organizations , until March 17, 2024.
Accounting Today
JANUARY 18, 2024
The IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.
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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.
Cherry Bekaert
JANUARY 18, 2024
On December 22, 2023, the Department of the Treasury and the Internal Revenue Service (IRS) released Notice 2024-12 and Rev. Proc. 2024-9 providing taxpayers with timely information concerning accounting method changes and the treatment of specified research and experimental (SRE) expenditures under Section 174 and Section 460. Notice 2024-12 clarifies the scope of contract research costs subject to Section 174 and some of the language initially included in Notice 2023-63.
Accounting Today
JANUARY 18, 2024
A limited number of tax-exempt organizations won't be able to electronically file their income tax returns until the middle of March due to technology upgrades.
SkagitCountyTaxServices
JANUARY 18, 2024
“Save more” is a new year goal a lot of people put on their list, but it’s proven to be a difficult one to reach the last few years. In your Skagit County business, it’s likely some of your employees fall in this category — especially for those in lower income brackets. Thanks to the Secure Act 2.0, there are ways you can help support your employees in building an emergency savings of their own.
MineralTree
JANUARY 18, 2024
Optimizing the accounts payable (AP) process involves more than paying vendors on time — it’s also about maximizing efficiency and accuracy with every outgoing payment while managing cash flow to maintain a healthy business. That’s why many AP teams are turning to automation and digitization to eliminate tedious, manual tasks, reduce human error, and ultimately streamline the AP process.
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.
Accounting Today
JANUARY 18, 2024
The fast-growing international network formed by former partners from Arthur Andersen has expanded to San Diego.
AccountingDepartment
JANUARY 18, 2024
It has been said that human capital is an organization's most valuable asset in today's climate. However, managing your financial assets is the ultimate responsibility of the company leadership. Without sound financial planning and asset management, a business can't thrive. And, ultimately, your human assets will suffer. Forecasting is an essential part of the equation.
Accounting Today
JANUARY 18, 2024
The justices heard two appeals that could constrain environmental, consumer-protection and financial regulators.
CPA Practice
JANUARY 18, 2024
Top 25 accounting firm Citrin Cooperman has acquired Mibar, a business software consulting firm based in New York City. Financial terms of the deal weren’t disclosed. Mibar joins New York City-based Citrin Cooperman with 30 employees and more than $12 million in revenue. The acquisition of Mibar broadens Citrin Cooperman’s advisory service offerings and enhances its position in the market, the firm said.
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.
Accounting Today
JANUARY 18, 2024
Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.
CPA Practice
JANUARY 18, 2024
This year marks the 100 th Anniversary of the Consumer Technology Association, the host of the International Consumer Electronics Show (CES) since 1969, which has bounced back from the COVID hiatus with over 135,000 attendees during its annual meeting in Las Vegas in early January. [ See Roman’s companion article on “Crazy Tech” from CES 2024.] While the primary focus in attending and perusing the show floors is to identify techs and trends targeted towards the accounting profession, we also com
ThomsonReuters
JANUARY 18, 2024
Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching. Accounting professionals are the financial backbone of a company and, in today’s complex environment, they are increasingly providing clients with strategic and forward-looking guid
Withum
JANUARY 18, 2024
Following are my third group of 2023 market performance and related charts. These six bring my total charts to 16. Next week, I’ll present my views about them, what happened in 2023, and what it could mean to the average or typical investor. I believe these charts are tremendous resources and suggest you print them out for future reference. 10 other charts were shown in my blogs on January 2 and January 11.
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.
Menzies
JANUARY 18, 2024
Menzies LLP - A leading chartered accountancy firm. In this article, we unlock some secrets to strategic financial planning for your retail business. We explain why choosing the right year end is more than a calendar decision; it’s a strategic move that can significantly impact your bottom line. Read on to discover the strategic advantages of aligning the year end with peak profit periods to gain a cash flow advantage and to enable informed decision-making.
Accounting Insight
JANUARY 18, 2024
Cloud computing has transformed the way businesses operate, from storage and networking to applications and services. As fresh innovations are constantly emerging, finance and accounting professionals must embrace cloud computing to remain competitive. Gartner predicts that spending on cloud computing services will reach £489.32 billion in 2023. What is cloud computing?
Dent Moses
JANUARY 18, 2024
Employee Fraud, Internal Control and Segregation of Duties Unfortunately, employee theft is rising at the rate of 15% annually. The US Department of Commerce reports that $50 billion annually is lost to employee theft. While the average theft is small and relatively short-lived, it isn’t uncommon for theft to last multiple years and cost millions of dollars.
Nancy McClelland, LLC
JANUARY 18, 2024
It seems that for 2023, Gusto has slightly changed the details for how they handle distribution of 1099 and W-2 forms — and so that no one ends up without a copy of their important documents, I am sharing the step-by-step process that we went through for our own firm, in hopes that it helps you manage it in your own small business. First off, as the company/ employer, I received an email from Gusto (though it incorrectly stated that these are client tasks, rather than firm tasks) stating t
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
Withum
JANUARY 18, 2024
When it comes to cyberattacks, the general consensus is no longer about whether they will occur, but rather when a business will fall victim to one. Cybersecurity should be a top priority for any real estate organization or property manager because of the widespread use of online rent payments, wire transfers, and ACH transactions on virtual private networks (VPNs).
ThomsonReuters
JANUARY 18, 2024
Jump to: 1. How IT professionals can protect tax information at accounting firms 2. A modern approach to tax data security 3. How are firms using modernized technology? Accounting firms are entrusted with a wealth of sensitive financial data, including tax records, income statements, and other confidential information. Any compromise in data security can lead to severe consequences, including financial losses, legal implications, and damage to the firm’s reputation.
CPA Practice
JANUARY 18, 2024
By Lizzy McLellan Ravitch, The Philadelphia Inquirer (via TNS). In a lawsuit filed last month, Crystal Kemp, a Jehovah’s Witness, alleged that her employer, SEPTA, the regional transit authority based in Philadelphia, refused to adjust her schedule so she could attend religious meetings on Sunday mornings and Tuesday evenings. She alleges she was ultimately terminated for refusing to work during those times.
FraudFiles
JANUARY 18, 2024
Closely-held businesses often create problems in divorces, as they need to be valued for the property division and the income needs to be evaluated for support purposes. It can be difficult to examine the income of a business that transacts with its customers primarily in cash. However, there are ways to verify whether the income [.
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