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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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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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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Speaker: Danny Gassaway and Wayne Richards

Finance

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.

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Finance 115

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 119

Cherry Bekaert

AUGUST 1, 2024

Contributor: Ali Karim , Accounting Advisory, Senior Associate The Government Finance Officers Association’s (GFOA) 118 th Annual Conference was held between June 9 – 12, 2024, at the Orange County Convention Center in Orlando, Florida. The event provided attendees the opportunity to meet face-to-face with fellow colleagues and clients (for the first time, in many cases) and network.

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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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Technology

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

CRI merges in ProSport CPA

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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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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

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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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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audit Government 78

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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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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Maryland Virginia Georgia Tax 69

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 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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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

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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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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audit 56

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

Insightful Accountant

AUGUST 1, 2024

Murph gives you a glimpse into the advisor partnership opportunities offered by the MyWorks Partner Program.

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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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Insightful Accountant

AUGUST 1, 2024

QuickBooks Online users have reported receiving 502 Bad Gateway errors when attempting to send E-Invoices.

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quickbooks 52

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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tax planning Tax accounting and finance 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

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

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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audit Technology financial statements Tax 52

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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Tax income tax tax planning Legal 52

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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