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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Tax tax preparation 124

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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Tax tax return income tax Massachusetts 133

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

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 Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents.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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Wyoming audit Government Montana 126

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

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

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

Real Estate 111

Real Estate CPA Manufacturing Tax 111

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

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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accounts payable B2C Technology accounting and finance 105

Going Concern

JANUARY 8, 2024

We’re now a week into the new year, is it starting to feel like it for you? This is how I feel. To be completely honest, I’d much rather be flinging myself off buildings looking for sparkly moons than whatever it is I do here. Rebecca Chen, who has worked in the industry herself, wrote this for Yahoo! Finance. The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% mo

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Tax Account accounted accountant 105

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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Account accounted accountant Technology 102

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Technology

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.

Tax 101

Tax Account accounted accountant 101

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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Tax tax planning accounting firms accountant 99

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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Tax tax return income tax Massachusetts 98

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

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

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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Account accounted accountant 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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Florida cpa firm audit CPA 98

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

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

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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tax return Tax income tax accountant 90

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 88

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

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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tax return audit Tax income tax 78

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 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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audit accounted Account accountant 81

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.

Account 52

Account accounted accountant Non-Profits 52

Accounting Today

JANUARY 8, 2024

A survey of Hoosier accounting and business students found some encouraging news.

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Indiana Account accounted accountant 78

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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Account accountant accounted CPA 52

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

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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accounting standards Government accounted Account 75

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

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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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 firms Account accountant accounted 52

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