LSLCPAs

DECEMBER 18, 2023

Car parts. Soda cans. Jellybeans. Tires. Cosmetics. Pet Food. Whatever you are manufacturing or distributing, you have products coming in one door and going out the other. The Big Picture: Your ability to reduce the time between “door number one” and “door number two” directly affects your cash flow and bottom line. But that’s not. The post How Outsourced Accounting Improves Cash Flow & Enriches Planning in Manufacturing and Distribution Companies appeared first on LSL CPAs.

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CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. As a result, individual partners of partnerships and individual shareholders of S corporation businesses are now eligible for a business tax account in addition to sole proprietors.

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tax accountant business tax Tax accountant 126

Withum

DECEMBER 18, 2023

As the end of the year approaches, Withum is excited to share a round-up of the Firm’s giving efforts for 2023. From large, organized projects to hyper-localized volunteerism and individual philanthropy, it is safe to say that Withum team members from all over the world live the Withum Way every day and give back to their communities and causes close to their hearts at every opportunity.

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CPA Practice

DECEMBER 18, 2023

By Adam Lean. In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. Its where financial professionals are trapped working long hours for low fees, are forced to deal with high-demanding clients, all the while being burnt out on compliance and transactional work.

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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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Going Concern

DECEMBER 18, 2023

For at least a year now, we’ve heard from Big 4 leadership and their spokespeople that historically low attrition combined with slowing demand for consulting services are forcing firms to lay off staff. Attrition is baked into the business model so when people don’t leave as expected, firms have to start pushing them out like little squawking birds getting shoved out of the nest.

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CPA Practice

DECEMBER 18, 2023

The American Institute of CPAs has announced that 36 CPAs from around the country have graduated from the AICPA Leadership Academy, a program designed to expose the next generation of CPAs to a strong ethic of leadership and service. The program, now in its 15th year, was held in Durham, N.C., from December 11-14. The AICPA Leadership Academy was created to inspire, nurture and empower the next generation of diverse CPA leaders by providing them with advanced leadership training.

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CPA Practice

DECEMBER 18, 2023

Time and again, retaining talent is ranked as a top challenge among leaders in the accounting and finance profession. To better understand what drives the profession’s perpetually high turnover, the Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has gathered new survey data that sheds light on this trending topic.

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Illinois CPA accountant Account 119

Insightful Accountant

DECEMBER 18, 2023

Intuit has announced a new global QuickBooks brand platform, “Business Differently,” focused on the growing population of solopreneur small business owners.

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quickbooks 111

CPA Practice

DECEMBER 18, 2023

Nearly 142 million consumers plan to shop on the last Saturday before Christmas, according to the latest survey from the National Retail Federation and Prosper Insights & Analytics. The number of expected shoppers is up significantly from the last time Super Saturday fell on Dec. 23, when 126 million consumers were expected to shop on that day in 2017.

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Insightful Accountant

DECEMBER 18, 2023

Insightful Accountant's cooking up something new for you next year. A new and exciting webinar series: Insightful Accountant's Practice Management Talks.

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accountant Account accounted 104

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.

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CPA Practice

DECEMBER 18, 2023

In a recent letter submitted to the Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) expressed concerns with the timing currently involved with the procedure for business entities organized in the U.S. where the responsible party does not have a social security number or an individual taxpayer identification number needed to obtain an employer identification number (EIN).

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cpas tax return Tax Government 105

Accounting Today

DECEMBER 18, 2023

Individual partners and individual shareholders of S corps can now get a business tax account.

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tax accountant business tax Tax accountant 130

KROST

DECEMBER 18, 2023

Cyber threats lurk at every virtual corner, ensuring the security of your sensitive data is non-negotiable. As a trusted CPA firm, KROST understands the potential to compromise data security, and the significance of equipping people with essential insights to help identify and combat hidden threats. KROST emphasizes the importance of recognizing phishing attempts, setting up Read the full article.

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Accounting Today

DECEMBER 18, 2023

Key to discussion on what AI means for accountants is understanding what AI can and cannot do.

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accountant Account accounted Technology 126

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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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CPA Practice

DECEMBER 18, 2023

California bottle fee will apply to wine and spirits effective January 1 By Gail Cole . Many aluminum, glass, and plastic containers in California are subject to refundable container recycling fees under the California Beverage Container Recycling and Litter Reduction Act (aka, California Bottle Bill Act), but many aren’t. Whether the Bottle Bill applies to a container depends as much on what the container holds as what it’s made of.

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California Manufacturing Iowa Vermont 89

Insightful Accountant

DECEMBER 18, 2023

Join Liz Scott as she dives into QuickBooks Online Balance Sheet Budgeting feature which is fairly new.

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quickbooks 105

Accounting Today

DECEMBER 18, 2023

Clients who have squirreled away their savings in IRAs and other retirement accounts have new tools at the ready amid shifting rules, four experts said.

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accountant Account accounted Tax 89

Going Concern

DECEMBER 18, 2023

Hey! It’s Monday. And it’s the last Monday morning news brief of 2023 for us, next Monday is Christmas and the Monday after that is the first day of 2024. Hope you all are getting some good rest and merriment in the coming days, we’ll be on a low posting schedule next week with a few new things here and there should you be one of those weirdos who reads accounting news on holidays.

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Georgia accountant Account accounted 59

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

Withum

DECEMBER 18, 2023

Are You Ready for a New Era of Work? AI, the cornerstone of the modern digital transformation era, is already being leveraged by forward-thinking organizations. While AI has several applications, benefits to employee engagement , empowerment and productivity are among the most exciting and impactful. In fact, organizations that made employee engagement a top priority have seen significant financial improvements – up to twice as successful – as organizations that deprioritized engagement 2.

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CPA Practice

DECEMBER 18, 2023

By SAP Concur. Spend management continues to evolve each year as new technologies reveal new possibilities. In 2024, SAP Concur executives have an eye on artificial intelligence (AI) and the innovations they’ll unlock for finance professionals. According to Christopher Juneau, Head of SAP Concur Market Strategy and Tim Lebel, Vice President and Head of Spend Products, we can expect advancements in virtual payments and predictive analytics, thanks to AI, in the coming year.

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Anders CPA

DECEMBER 18, 2023

As provisions from the Tax Cuts and Jobs Act (TCJA) sunset, a changing tax landscape awaits in 2024. While some provisions are expiring, new regulations and updated rulings introduced by the CARES Act and the Inflation Reduction Act (IRA) will impact entity conversions, deductions and accounting methods for the construction industry. To help the construction industry understand the changing tax landscape and prepare for year-end, Anders partnered with Construction Industry CPAs and Consultants (

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Construction tax planning Tax cpas 59

Accounting Today

DECEMBER 18, 2023

As ESG reporting regimes solidify, organizations need to start preparing their teams.

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accountant accounted Account 93

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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.

VJM Global

DECEMBER 18, 2023

A demand order was served on the Appellant on account of reversal of ITC due to difference in ITC appearing in GSTR-2A and GSTR-3B. The Appellant was available with all tax invoices and payment is also made to the supplier for the value of supply along with taxes. Department denied the ITC on the mere ground that the same is not appearing in GSTR-2A.

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Tax Government Legal accountant 52

Withum

DECEMBER 18, 2023

Since its inception last year, ChatGPT has attracted millions of users with its advanced AI capabilities. As such, e-commerce enterprises can harness the power of ChatGPT to stay at the forefront of digital trends and streamline their operations, thereby minimizing manual efforts. Through APIs provided by Open AI, businesses can now integrate ChatGPT with their e-commerce platforms or applications.

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Anders CPA

DECEMBER 18, 2023

No one likes a December surprise. Heading into January is the time to sit down and refocus on next year’s firm goals, not running around trying to collect outstanding bills because you came up short. This is where specific key performance indicators for law firms can help you uncover where things went wrong, and how you can modify your plan for next year’s growth goals.

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FraudFiles

DECEMBER 18, 2023

When a divorce or a child support issue is looming, it’s amazing how a quickly a closely held business starts “losing money.” I use quotes because such a situation is so predictable.

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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.

Accounting Today

DECEMBER 18, 2023

Big Four firm PwC announced it has signed an agreement to acquire technology-focused engineering and design firm Surfaceink as part of the company's larger move towards technology solutions.

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Technology 56

Insightful Accountant

DECEMBER 18, 2023

Orderwerks is an all-in-one B2B eCommerce platform. Use it to keep track of orders, manage inventory, track key business statistics, and more.

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quickbooks B2B 52

Accounting Today

DECEMBER 18, 2023

The SEC is expected to approve the taxonomies in early 2024.

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accounting standards accounted Account accountant 75

Insightful Accountant

DECEMBER 18, 2023

The December episode of TPN Tax Talks featured Christine Gervais sharing what's new for tax season and her list of key changes to be aware of.

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Tax 52

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