inDinero Accounting

AUGUST 19, 2024

As a small business owner, few phrases strike fear quite like “IRS audit.” While the chances of getting audited by the IRS are relatively low, understanding audit risk factors and implementing preventive measures can provide peace of mind and financial security. This comprehensive guide will explore how an IRS audit works, key tax audit risk factors, and strategies to mitigate audit risks for small business owners.

audit 97

audit tax return Tax accounting and finance 97

Accounting Today

AUGUST 19, 2024

Enforcement by the Public Company Accounting Oversight Board against auditors in 2024 is off to its fastest start in recent years.

auditor 130

auditor Account accountant accounted 130

CPA Practice

AUGUST 19, 2024

By Mark Luscombe, CPA, JD, LLM. U.S. Olympians have won 40 gold medals, 44 silver medals, and 42 bronze medals at the 2024 Olympic Games in Paris, for a total of 126 medals. And that is only half of it. With many events involving teams, relays and other multiple participants, the number of medals presented to U.S. athletes is over twice that number, with around 125 gold medals, 98 silver medals, and 93 bronze medals distributed to individual winning participants.

Tax 124

Tax income tax Sports Gaming 124

Accounting Today

AUGUST 19, 2024

A new coalition of tax authorities, industry groups and others is combining to stop tax-related schemes.

Tax 128

Tax 128

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.

Finance

CPA Practice

AUGUST 19, 2024

The IRS is strongly urging qualifying businesses, tax-exempt organizations, and state, local, and Indian tribal governments to complete the pre-filing registration process now for projects placed in service in 2023 if they plan to claim elective pay. The Inflation Reduction Act and the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022 allow taxpayers to take advantage of certain manufacturing investment, clean energy investment, and production tax credits through electi

tax return 119

tax return Tax Manufacturing Government 119

Accounting Today

AUGUST 19, 2024

The shortage of buyers of small practices is because the potential buyers are not qualified to handle a small practice.

Account 124

Account accounted accountant 124

Withum

AUGUST 19, 2024

Withum is proud to share that Inside The Valley has named Steve Martini and Chris Passmore on their Top 200 List for 2024. Steve Martini is a Tax Partner at Withum with over 30 years of experience focusing on business consulting and management advisory services. He is a dedicated philanthropist, having served on the Los Angeles Police Department Executive Strategic Planning Group for the L.A.P.D.

CPA 111

CPA Tax 111

CPA Practice

AUGUST 19, 2024

This webinar will be held on Monday, September 23, 2024 at 1:00pm ET Sponsor: Cetrom Duration: 1 Hour Register now It’s no secret that the accounting industry has seen a staggering 300% increase in cyberattacks since 2020, which has led to significant risks to accounting firms and their clients and more aggressive data safeguards, regulations, and penalties enforced by the FTC and the IRS.

accounting firms 116

accounting firms Indiana cpa firm Account 116

Going Concern

AUGUST 19, 2024

Tucked 22 pages deep into the Financial Reporting Council’s 2024 Annual Review of Audit Quality report , this no doy declaration. Several PIE and non-PIE audit firms in the UK have entered into private equity (PE) deals, and larger firms have also been approached periodically for discussions. We are closely monitoring this situation through our PIE Auditor Registration team and our supervisory engagement discussions with firms.

audit 111

audit auditor Finance 111

CPA Practice

AUGUST 19, 2024

Taxpayers who operate large trucks and buses have until Sept. 3 to file Form 2290 , Heavy Highway Vehicle Use Tax Return , for vehicles used in July 2024, the IRS said last Thursday. The usual Aug. 31 deadline is delayed until the next business day because it falls on a Saturday this year. The tax applies to highway vehicles with a gross weight of 55,000 pounds or more that are registered or are required to be registered under law.

Tax 115

Tax tax return accountant accounted 115

Advertisement

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

Accounting Today

AUGUST 19, 2024

Accountants are planning their pregnancies to avoid having children during tax and audit busy seasons — and they're not happy about it.

audit 101

audit Tax Account accountant 101

CPA Practice

AUGUST 19, 2024

A new coalition comprised of the IRS, state tax agencies, and representatives from the tax profession was introduced on Aug. 16, tasked with combating the ever-growing scams that continue to threaten taxpayers, practitioners, and tax systems. Scams and schemes intensified during the most recent tax-filing season that exploited vulnerable taxpayers while enriching fraudsters and promoters, the IRS said in a media release.

Tax 105

Tax tax return Education Government 105

Xero

AUGUST 19, 2024

“I kept seeing a lot of useful material getting thrown out to the landfill, construction waste mainly, things like metal, wood, plasterboard and concrete which are all reusable with a little work,” says Dan Butterfield, owner of Kiwi Skips , a New Zealand-based on-demand skip hire company committed to sustainable waste management. “Watching it all go to waste felt wrong – but it was pretty easy to fix.

Construction 93

Construction Non-Profits Maine accounting and finance 93

CPA Practice

AUGUST 19, 2024

Forvis Mazars, LLP, ranked among the largest public accounting and consulting firms in the United States, today announces a new strategic collaboration with Financial Executives International (FEI), the association of choice for finance leaders. FEI adds Forvis Mazars to their esteemed Strategic Partner program. The Strategic Partner program allows FEI members to form relationships and gain access to deeper insights from Forvis Mazars.

accounting and finance 105

accounting and finance public accounting Education Finance 105

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.

payroll

AccountingDepartment

AUGUST 19, 2024

Since its establishment in 2015, Rewind has been dedicated to empowering businesses to safeguard their valuable SaaS and cloud data. With an impressive customer base of over 100,000 across 100 countries, Rewind's highly acclaimed apps and unwavering support have become the go-to solution for ensuring the uninterrupted operation of software-as-a-service applications.

accountant 83

accountant accounted Account 83

CPA Practice

AUGUST 19, 2024

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced its government contracting industry practice has released its 8th annual GAUGE Report. Published in conjunction with solutions provider Unanet, and widely recognized as the most comprehensive survey of its kind, the 2024 GAUGE Report provides contractors in many industries with competitive insights, best practices, and benchmarking metrics.

Government 105

Government Technology accounting and finance Finance 105

Patriot Software

AUGUST 19, 2024

Don’t let your #1 candidate pick or top-tier employee be the one who got away. Whether it’s an employer’s or employee’s market, the job market for top talent is competitive. You need a robust employee benefits package to attract and retain talent. Offering a small business benefits package starts with building one out.

payroll 81

payroll 81

CPA Practice

AUGUST 19, 2024

Ten companies took home Boomer Visionary Awards after being honored on August 19 by Boomer Consulting, Inc., during the 2024 Boomer Circles Summit in Kansas City, Missouri. These awards honor member firms and sponsor partners in the accounting profession that demonstrate exemplary performance and innovation. Leadership Visionary Award: TaxOps [link] The leaders at TaxOps are transforming tax specialty services by prioritizing clients, people, and communities.

cpa firm 104

cpa firm CPA cpas audit 104

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.

Finance

Accounting Today

AUGUST 19, 2024

The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.

North Carolina 72

North Carolina Tax 72

CPA Practice

AUGUST 19, 2024

By Matthew Enuco nj.com (TNS) A Drexel University accounting professor was convicted on all eight counts of tax evasion and filing false tax returns Thursday, U.S. District Attorney Philip R. Sellinger announced Friday. Gordian A. Ndubizo, 69, of Princeton Junction, was convicted by federal jury in Trenton Thursday of four counts each of tax evasion and filing false tax returns between 2014 and 2017, officials said.

Tax 98

Tax Account accounted accountant 98

Going Concern

AUGUST 19, 2024

Hey. I’m a little disappointed we’re already back at Monday but what can you do? You can read some news! Partner profits at KPMG Australia are down but use of bots to replace human work is up, reports Australian Financial Review : Lower demand for “legacy” consulting services has pushed revenue at KPMG down 3.6 per cent, sending partner profits lower by an average of 9 per cent.

audit 59

audit Account accounted accountant 59

CPA Practice

AUGUST 19, 2024

This webinar will be held on Thursday, September 19, 2024 at 1:00pm ET Sponsor: SafeSend Duration/CPE: 1 Hour Register Now In this session, we’ll be discussing how in-office and remote staff can boost their efficiency, what AI advances are doing for tax technology and examples of what they might look like, how integrations can elevate firm workloads, and digging down into tech stacks.

Technology 97

Technology Tax Indiana Idaho 97

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.

CPA

Accounting Insight

AUGUST 19, 2024

If you’re interested in building an accountancy practice, buying an established practice or scaling up your existing accounting or bookkeeping firm, then join us in Manchester to meet with key members of the TaxAssist Accountants Support Centre and hear how we can help you achieve the success that you aspire to. James Mattam, TaxAssist Group Business Development Director, said: “Accountex is always a fantastic event, packed full of informative presentations, exhibitors and networking opportuniti

Account 59

Account accounted accountant Tax 59

CPA Practice

AUGUST 19, 2024

By Carl Smith Governing (TNS) In the two years since the Inflation Reduction Act (IRA) was signed into law, IRA tax credits for private-sector clean energy projects have been widely celebrated and estimates of the investment they have sparked range from $125 billion to $265 billion. Credits that repay energy investments by public agencies and other tax-exempt organizations have received much less attention, but a new online tool aims to redress the imbalance.

Government 94

Government Tax Legal Finance 94

Accounting Today

AUGUST 19, 2024

Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.

bookkeeping 53

bookkeeping 53

CPA Practice

AUGUST 19, 2024

By Mike Whitmire. Here’s the truth: yes, AI is transformative. However, most conversations surrounding AI’s transformation potential have been about what AI can do for you, and while that’s definitely an important part of this technology, it’s only scratching the surface. Let’s reframe, though, and instead, talk about what AI can do with you. It’s not about plugging AI in and letting it rip on its own; it’s about making AI a coworker that you work alongside.

Finance 85

Finance Technology accounting and finance accounted 85

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

Spend Management

Insightful Accountant

AUGUST 19, 2024

Murph looks at a couple of the 'sub-categories' used by Insightful Accountant for both the 'Niche' and 'CAAS' Award categories. This week's sub-category is Payroll and Human Resources.

payroll 52

payroll Account accountant accounted 52

Withum

AUGUST 19, 2024

The Government Accounting Standards Board (GASB) recently issued Statement Number 102, Certain Risk Disclosures (“GASB 102”). GASB 102 requires state and local governments to disclose material concentrations and constraints in the notes of the financial statements. GASB 102 is effective for years beginning after June 15, 2024, and earlier application is permitted.

financial statements 52

financial statements Control Spend Government accounting and finance 52

Insightful Accountant

AUGUST 19, 2024

In the ever-evolving landscape of tax law and regulations, the ability to learn continuously is not just an advantage—it's a necessity. As tax practice leaders, fostering a learning organization can be the key to maintaining a competitive edge.

Tax 52

Tax 52

CPA Practice

AUGUST 19, 2024

By Daniel F. Rahill, CPA, PFS, JD, LLM, CGMA. Since their inception, Roth IRAs have allowed taxpayers to establish accounts either through direct contributions or by converting a traditional IRA into a Roth IRA, a process referred to as a Roth conversion. Initially, these options were unavailable to higher-income individuals, as eligibility for direct contributions and conversions was limited by a taxpayer’s modified adjusted gross income (MAGI).

Tax 52

Tax CPA Illinois income tax 52

Advertisement

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.