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
Economic confidence among accountants in North America rebounded dramatically in the fourth quarter of 2023, but that boost in confidence didn't happen in most other parts of the world.
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: 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.
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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JANUARY 18, 2024
Shocking behavior; mother's day; Ferrari mad; and other highlights of recent tax cases.
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.
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.
Accounting Today
JANUARY 18, 2024
The accounting profession is undergoing significant changes due to the rise of artificial intelligence and automation.
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.
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 IRS reviews all income tax brackets annually, making adjustments as necessary to balance for inflation.
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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.
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.
Accounting Today
JANUARY 18, 2024
The fast-growing international network formed by former partners from Arthur Andersen has expanded to San Diego.
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
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
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.
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?
Accounting Today
JANUARY 18, 2024
Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.
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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.
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.
Accounting Today
JANUARY 18, 2024
The justices heard two appeals that could constrain environmental, consumer-protection and financial regulators.
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
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).
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.
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 [.
Cherry Bekaert
JANUARY 18, 2024
The New Markets Tax Credit (NMTC) program has been issuing tax credits for more than two decades as a driving force for investors to aid low-income communities across the United States. In September 2023, Cherry Bekaert’s The Innovate Fund , a Community Development Entity (CDE), received a $50 million allocation in NMTC. With this money, The Innovate Fund will continue to support and enhance community development projects in North Carolina, South Carolina, Tennessee and Georgia low-income commu
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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.
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