Accounting Today

JANUARY 8, 2024

NCCPAP's Frank Sands shares the major issues that tax pros should be paying attention to in the run up to April 15.

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CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. Related: Chart shows estimated refund date timelines. Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.

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Going Concern

JANUARY 8, 2024

Hey remember the Bloomberg story last March about how staff shortages at audit firms were causing municipal credit ratings to tank ? Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. S&P has placed 149 long-term, underlying and program ratings on a negative credit watch this year because the ratings company hasn’t received 2021 financial s

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Withum

JANUARY 8, 2024

Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore and Aza Ghazaryan on their Thriving in their 40s list for 2023. Christopher Passmore , CPA, MBA, specializes in assurance and business consulting services to emerging and middle-market companies and leads Withum’s Los Angeles office as the Partner in Charge. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and em

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Real Estate CPA Manufacturing Tax 111

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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CPA Practice

JANUARY 8, 2024

With the 2024 tax filing season starting later this month, the IRS is launching a special Tax Professional Awareness Week , from Jan. 8-14, 2024, to assist tax professionals on what to expect during the filing season and start the year on the right foot. The special week is the IRS’ latest effort in support of taxpayers and the tax community. Each year, millions of taxpayers seek the help of tax professionals to prepare their federal tax returns and other filings.

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Accounting Today

JANUARY 8, 2024

The agency is anticipating over 128.7 million individual tax returns by the April 15, 2024, tax deadline.

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Tax tax return income tax 138

Accounting Insight

JANUARY 8, 2024

Rising geopolitical tension in 2024 will drive an increasing number of cyber attacks on businesses, and invoice fraud will be an increasingly common attack method. Threat actors are already targeting businesses – the HISCOX Cyber Readiness Report found invoice fraud was one of the most common threats in 2023. Next year, this trend will continue as fraudsters use geopolitical uncertainty as a cover for criminal activity.

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ThomsonReuters

JANUARY 8, 2024

Jump to: Automation of routine tasks Enhanced data analysis Improved compliance and risk management Streamlined processes Enhanced client services Embrace the transformative power of AI in the tax and accounting profession In 2023, AI has become an integral part of tax and accounting professionals’ processes by streamlining operations, enhancing accuracy, and enabling professionals to focus on higher-value tasks.

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Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. With nearly 20 years of industry experience, Jeanne leads the Not-for-Profit practice at Anders, working with organization leadership, executive directors and board members to help them better understand the financial reporting process.

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CPA Practice

JANUARY 8, 2024

Updated: Jan. 8, 2023 , 2:09 pm ET. The IRS has announced that it will start accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

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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.

Account

Summit CPA

JANUARY 8, 2024

A fractional CFO is a financial expert that provides the job functions of a Chief Financial Officer but on a part-time basis. They often work with multiple clients rather than working for one company.

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CPA 98

CPA Practice

JANUARY 8, 2024

Top 200 accounting firm Saltmarsh, Cleaveland & Gund has combined with fellow Florida CPA firm Ruggiero, Martinez & Norton (RM&N), based in Winter Park. Financial terms of the deal weren’t disclosed. Partner Lou Martinez and the entire team of 13 RM&N professionals joined Pensacola-based Saltmarsh on Jan. 1 and will continue to serve clients from their Winter Park office.

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Withum

JANUARY 8, 2024

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Turbine’s Emilie Schario to discuss e-commerce operations. E-Commerce Operational Essentials – Part 1 In Part 1 of this interview, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , and Turbine CEO and Founder, Emilie Schario , discuss Emilie’s background and how she founded Turbine, the three-way match, and the order-to-cash process.

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E-commerce 98

Accounting Today

JANUARY 8, 2024

As the calendar rolls forward to 2024, and 2023 for good or bad recedes into the rearview mirror, the crypto sector and accounting professionals are attempting to plan for the future.

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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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Patriot Software

JANUARY 8, 2024

You might have heard about per diem pay before. But, are you familiar with Publication 1542? Learn more about Publication 1542 per diem rates and how to calculate per diem pay below. Publication 1542 Per diem is a daily rate employers give employees to cover business-related traveling expenses.

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payroll 90

Cherry Bekaert

JANUARY 8, 2024

On December 21, 2023, the Internal Revenue Service (IRS) announced the anticipated Voluntary Disclosure Program (VDP), which allows employers that received an Employee Retention Credit (ERC) refund to which they were not entitled to: Repay the ERC (minus 20%) Cooperate with any requests from the IRS for more information Sign a closing agreement The VDP is available to eligible employers through March 22, 2024.

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Accounting Today

JANUARY 8, 2024

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

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auditor audit 86

Insightful Accountant

JANUARY 8, 2024

If you use the QuickBooks Desktop Payroll Set-up Wizard, you may encounter an Error. There is a fix available.

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quickbooks payroll 107

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

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Accounting Today

JANUARY 8, 2024

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.

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Withum

JANUARY 8, 2024

The IRS released two pieces of favorable guidance on Friday, December 22, 2023, clarifying the definition of contract research and identifying automatic changes in accounting methods for the 2023 taxable year in relation to Section 174 research and experimental (“R&E”) expenditures. While taxpayers are still waiting for Congress to pass legislation allowing immediate expensing of Section 174 research and experimental expenditures, the IRS clarification may provide some relief for software de

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Accounting Today

JANUARY 8, 2024

Practitioners have always shared advice as part of tax prep, but the future of the field is in proactive, intentional tax advisory services.

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Anders CPA

JANUARY 8, 2024

Like most professionals, lawyers think if they do good work (and a lot of it), good things (like revenue) will happen. Sometimes good things do happen, but to ensure steady growth, every firm needs to focus on value drivers. But lawyers don’t create firms because they love balance sheets, data entry and double-entry accounting. Often times, the attorneys that decide to strike out on their own are doing so because they truly love the practice of law, not the work of running a business.

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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.

Accounting Today

JANUARY 8, 2024

The deal includes speeding up $10 billion in cuts to the Internal Revenue Service.

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Government Tax 119

DMCL

JANUARY 8, 2024

Numbers? Crunched. CFE? Crushed. They came, they wrote, they conquered the Common Final Exam (CFE). Congratulations to our newest class of soon to be accredited Chartered Professional Accountants! L-R: (Back Row) Sam Raeisi, Matthew Gazley, Liam McAllister, and Tommy Tang; (Third Row) Stephen Kamyszek, Brittney Lyons, and Ekjot Singh; (Second Row) Kiran Ghangus, Sam Choi, Kaylie Foskett, and Jeff Hinds; (Front Row) Satinder Singh, Phoebe Huynh, Noah Lubberding, Joyce Luo, and Omar Castro-Garcia

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accountant Account accounted CPA 52

Accounting Today

JANUARY 8, 2024

The struggles at smaller companies could create opportunities for professionals that help companies restructure their debt and turn themselves around.

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CPA Practice

JANUARY 8, 2024

BDO raked in $14 billion in revenue globally for the financial year ending Sept. 30, 2023, up 10.2% from $12.8 billion in 2022. Pat Kramer “I’m proud of our robust financial performance in 2023, with broad-based revenue growth across all regions and service lines, building on an impressive 60 years of success,” BDO Global CEO Pat Kramer said in a statement.

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audit Tax Technology 52

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

JANUARY 8, 2024

The Governmental Accounting Standards Board released guidance requiring state and local governments to disclose information about certain risks.

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Insightful Accountant

JANUARY 8, 2024

We delve deep into the world of branding and kickstart your journey to marketing success for accounting firms with Janel Sykora, a seasoned expert from Cajabra Marketing for Accountants.

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Accounting Today

JANUARY 8, 2024

Here's a look back at some of the best pieces of advice from this past year.

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accountant Account accounted 98

Menzies

JANUARY 8, 2024

Menzies LLP - A leading chartered accountancy firm. Companies House have released the first changes coming into force March 2024 , following legislations passed October 2023: Registered Office Addresses Registered office addresses must, at all times, have an ‘appropriate address’ as their registered office. An appropriate address is one where: any documents sent to the registered office should be expected to come to the attention of a person acting on behalf of the company any documents sent to

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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.