TaxConnex

AUGUST 1, 2024

If it seems like jurisdictions just ceaselessly add additional sales tax laws, statutes and restrictions, recent news out of three states should be refreshing. North Carolina has become the latest state to ax transaction thresholds for economic nexus. The state’s previous 200-transaction threshold was eliminated effective July 1. The state’s economic nexus threshold is now just $100,000 in sales into the state annually.

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CPA Practice

AUGUST 1, 2024

The National Pipeline Advisory Group (NPAG), an independent advisory group convened in response to an American Institute of CPAs (AICPA) governing Council resolution, has released its final report of recommendations to address the accounting talent shortage. NPAG began work in July 2023. The multistakeholder group’s work was facilitated by ConvergenceCoaching LLC, a consulting firm for the accounting profession that specializes in leadership, talent and other issues.

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Accounting Today

AUGUST 1, 2024

OneStream announced the rebrand of OneStream Suite to OneStream One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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CPA Practice

AUGUST 1, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has announced that Avi, Avalara’s generative AI chatbot, is now available in both the Avalara Global Support Portal and the Avalara Portal product interface. Avi provides conversational support to help customers and partners find answers and resolve issues faster and easier.

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

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Accounting Today

AUGUST 1, 2024

A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.

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Tax 107

Going Concern

AUGUST 1, 2024

As we’re sure you’ve realized by now, it’s Olympics time and while Deloitte got a jump on the Paris 2024 hype , PwC has at least one competitor of their own: gymnast Frank Rijken of the Netherlands. View this post on Instagram A post shared by TeamNL Turnen (@teamnlturnen) View this post on Instagram A post shared by Frank Rijken (@frank.rijken) According to Insta, LinkedIn, etc. 27-year-old Rijken is an M&A advisor.

Finance 101

Finance 101

CPA Practice

AUGUST 1, 2024

Top 25 accounting firm Carr, Riggs & Ingram (CRI) CPAs and Advisors has added ProSport CPA—a New Kent County, VA-based firm that specializes in tax and accounting services within the sports and entertainment niche—to CRI’s family of companies. The move expands CRI’s specialized tax and accounting services to cater to the unique needs of professional athletes and entertainers, the firm said in a media release.

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Insightful Accountant

AUGUST 1, 2024

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

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CPA Practice

AUGUST 1, 2024

By Hallie Lauer, Pittsburgh Post-Gazette (TNS) The Pennsylvania Supreme Court will consider Pittsburgh’s reliance on a tax levied on out-of-town athletes and performing artists—the so-called “jock tax”—following a lower court’s ruling earlier this year that the tax is unconstitutional, a decision that could have lasting budgetary implications for the city.

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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AccountingDepartment

AUGUST 1, 2024

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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Accounting Today

AUGUST 1, 2024

The price of flame; a guy at the IRS; package deal; and other highlights of recent tax cases.

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Xero

AUGUST 1, 2024

Much can be said about the pros and cons of generative AI. But while we can all agree that it is widely-available and disruptive, surely we can also agree that it isn’t the first emerging technology to be available and disruptive (nor will it be the last). It’s just the one we’re focused on right now. To start to wrap your head around the possibilities of generative AI and the broader AI technology ecosystem, it’s best to start from the ground up.

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Accounting Today

AUGUST 1, 2024

SafeSend announced the rebrand of SafeSend Suite to SafeSend One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.

Tax

Cherry Bekaert

AUGUST 1, 2024

Research and Development (R&D) Tax Credits are an incentive for businesses investing in innovation. While the federal R&D tax credit is well-known, more than 35 states in the U.S. also offer R&D Tax Credits to businesses. Some states mirror elements of federal R&D tax credits, while others include different nuances, such as application deadlines, calculation methodologies, and credit utilization intricacies.

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Going Concern

AUGUST 1, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE Accounting Manager | Candidate ID #22056820 Certifications: QuickBooks ProAdvisor Education: BA and MS Accountancy Experience (ye

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CPA Practice

AUGUST 1, 2024

SafeSend, a provider of automation technology for tax and accounting professionals, has launched SafeSend One, featuring Next Gen Gather AI. SafeSend One automates the entire tax process, from taxpayer document gathering and integrations with tax preparation leaders to tax return delivery, offering firms an all-in-one solution that provides an unrivaled client experience.

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Going Concern

AUGUST 1, 2024

Many of you are probably too young to remember the old Dear Abby columns in the newspaper, or newspapers for that matter, and while the original “Abby” died like a decade ago, her advice column lives on. In the 15 years Going Concern has existed, we’ve written about Dear Abby exactly twice. Make that three times now. Obviously this is not a recent Dear Abby column.

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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

Expense Management

Accounting Today

AUGUST 1, 2024

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

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Insightful Accountant

AUGUST 1, 2024

If you are a Top ProAdvisor (Top 100 ProAdvisor, Top 25 Up-n-comer ProAdvisor, or Top 50 International ProAdvisor), we want to publish your profile.

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CPA Practice

AUGUST 1, 2024

Top 10 accounting firm CliftonLarsonAllen (CLA) has acquired Axiom CPAs & Business Advisors, an Albuquerque, NM-based full-service accounting firm. Financial terms of the deal weren’t disclosed. Four partners and 16 team members from Axiom officially joined CLA on Aug. 1. Scott Engelbrecht “The team at Axiom is another great addition to our CLA family,” Scott Engelbrecht, chief geographic officer for CLA, said in a statement.

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ThomsonReuters

AUGUST 1, 2024

At Thomson Reuters, we work hard to provide tools that streamline the audit workflow. We know that a constantly changing industry landscape and an ever-evolving regulatory environment can be a day-to-day challenge – making any level of simplification a welcome thing. To that end, we made a significant update to select product names within the Cloud Audit Suite, aimed at enhancing clarity and understanding for our users.

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Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

accounting and finance

CPA Practice

AUGUST 1, 2024

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, announced Thursday that its users have collectively saved their clients more than $1 billion in taxes since the software’s launch in 2020. According to the Southlake, TX-based company, each taxpayer saves an average of $41,700 through the firm’s use of TaxPlanIQ ’s advanced tax planning software.

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Cherry Bekaert

AUGUST 1, 2024

When your organization is embarking upon internal restructurings, global expansion or acquisitions and dispositions, there are several layers of diligence associated with these activities. We will discuss how to thoughtfully approach identifying opportunities to help you navigate the diligence process for a smooth transition. Before acquiring a company, the ITAX and SALT exposures must be carefully reviewed, including potential risks such as transfer pricing, sales tax and state income tax.

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FraudFiles

AUGUST 1, 2024

Would you recognize the clues that your client has been ripped off by one of its employees? Or would management conduct business as usual, blindly trusting their employees? Companies make the mistake of not actively searching for fraud. They tend to trust their employees and trust the procedures in place to safeguard company assets. It [.

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Cherry Bekaert

AUGUST 1, 2024

The location of your business plays a pivotal role in its success, influencing everything from operational costs to growth opportunities. Join us for a transformative webinar as we explore the importance of strategic business location and how leveraging state and local financial and tax credits and incentives, and New Markets Tax Credits (NMTC) can unlock unparalleled advantages for your organization.

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Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Finance

Accounting Today

AUGUST 1, 2024

Tax compliance solutions provider Avalara announced the release of its latest AI offering, a chatbot called Avi which can answer product questions, general tax questions, and troubleshoot issues.

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Summit CPA

AUGUST 1, 2024

Don't wait until it's too late. Start planning for 2025 now. You might just be able to meet those business goals you've had in the back of your head.

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CPA 52

Accounting Today

AUGUST 1, 2024

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

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