CPA Practice

APRIL 16, 2024

By Alex Tanzi. Bloomberg News (via TNS) Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted. Data from the Internal Revenue Service showed that 66.8 million taxpayers were reimbursed through April 5 compared to 69.1 million through April 7 last year. That means that 3.3%, or roughly 2.3 million, fewer Americans obtained the boost to their finances that they got in 2023.

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Tax tax return Finance 45

BurklandAssociates

APRIL 16, 2024

Burkland’s Fractional CFO team shares a list of cost-saving tips that venture-backed startups can employ to optimize their financial resources. The post Cost-Saving Tips for Startups: Maximize Your Cash Runway appeared first on Burkland.

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accountant accounted Account 130

CPA Practice

APRIL 16, 2024

By Lizzy McLellan Ravitch. The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. After graduating from college in 2021, she saw friends in other fields struggling to find work but knew she would be able to find a job. But that doesn’t mean she’s willing to work into the wee hours during busy season.

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accounting firms accountant Account accounted 134

Accounting Today

APRIL 16, 2024

President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.

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Tax income tax tax return 124

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.

Account

CPA Practice

APRIL 16, 2024

Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. Census Bureau. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” said National Retail Federation Chief Economist Jack Kleinhenz.

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Sales Retail payroll Tax 119

Cherry Bekaert

APRIL 16, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. 102, which adds new disclosure requirements for governments. Numerous risks loom over state and local governments, which could impair their service delivery or hinder their capacity to fulfill obligations in a timely manner. While certain risks demand disclosure, many others that commonly plague these governments have not been disclosed because they were not explicitly required.

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Government accounting standards financial statements audit 96

Patriot Software

APRIL 16, 2024

Despite your best efforts, accidents can happen in the workplace. When they do, you must fill out a workplace incident report. OSHA, the Occupational Safety and Health Administration, requires that all employers report qualifying workplace incidents. And, most employers must submit OSHA forms for other injuries and illnesses.

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payroll 93

CPA Practice

APRIL 16, 2024

By Araceli Crescencio, Inc. (TNS) It’s no secret that happy employees are more productive. However, according to a recent report from insurance giant MetLife, Gen Zers are the least happy employees of any generation. Only 62% of surveyed Gen Z workers reported being happy with their job, compared with 67% of boomers, 66% of Generation X, and 66% of millennials.

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Maine 110

Insightful Accountant

APRIL 16, 2024

Murph takes you through the steps to set up QuickBooks Online Expense Claims. Next time he will look at the process for submitting them.

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quickbooks 105

CPA Practice

APRIL 16, 2024

By Nicole MacMillan. While other sectors of the economy are still wrestling with the dilemma of “if, when, and how” to bring their employees back to the office post-pandemic, statistics show that in the accounting profession, the remote workforce remains strong–and by many firms, is the preferred staffing model for the foreseeable future. The ConvergenceCoaching ATAWW Survey shows that the percentage of firms allowing their team members to work remotely in 2022 nearly doubled to 80 percent.

accounting and finance 105

accounting and finance Entertainment Start-ups accountant 105

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

Accounting Today

APRIL 16, 2024

The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.

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Tax accountant Account accounted 96

CPA Practice

APRIL 16, 2024

Although accounting firms have made significant progress in adopting new technology over the last few years, and many are planning to increase the attention and budget they devote to technology going forward, the use of artificial intelligence isn’t in the cards for many practices—at least not yet, according to a new survey from Rightworks. The online survey of 493 decision makers and influencers at accounting, tax, and bookkeeping firms nationwide, which was conducted last September, found that

accounting firms 97

accounting firms accountant Account accounted 97

Accounting Today

APRIL 16, 2024

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

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payroll tax payroll Tax CPA 128

KROST

APRIL 16, 2024

KROST’s M&A and Capital Markets Principal, Paren Knadjian, will be attending DealMAX in Las Vegas, Nevada, from April 28th to May 1st. The event brings together high-performing leaders and high-quality targets in one place, allowing for many opportunities to efficiently identify and connect with others. The four-day conference will include one-on-one meetings with M&A professionals, Read the full article.

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Nevada 86

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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.

financial statements

GrowthForceBlog

APRIL 16, 2024

9 min read Building a strong board is essential to your mission's success because a nonprofit's board of directors is a governing body responsible for the leadership of the nonprofit organization. The board should provide foresight, oversight, and insights to improve the organization as a whole, helping it to accomplish its mission. Key Takeaways 10 Qualities of a Good Board Member: The curation of a strong nonprofit board relies on the selection of high-quality, individual board members.

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Government accountant accounted Account 84

Accounting Today

APRIL 16, 2024

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

Tax 97

Tax 97

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L. Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.

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Florida Tax tax planning Ohio 52

Accounting Today

APRIL 16, 2024

PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.

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audit accountant accounted Account 81

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

CPA Practice

APRIL 16, 2024

Deloitte’s reign as the most prestigious accounting firm in the U.S. was short-lived, as PwC has regained that title for 2025, according to Vault.com, a website that provides career resources and advice to students and job seekers. Deloitte ended PwC’s 14-year streak of being the most prestigious firm in Vault’s 2024 ranking , which was released in April of last year.

accounting firms 52

accounting firms accountant Account accounted 52

Accounting Today

APRIL 16, 2024

The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.

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Tax income tax tax return 131

CPA Practice

APRIL 16, 2024

Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today announced that Ross Tennenbaum has been appointed President. In his new, expanded role, Tennenbaum will be responsible for driving company-wide improvements and ensuring the success of every Avalara customer around the globe. As Avalara President, he will oversee the majority of Avalara’s business operations including Avalara AvaTax for sales and use tax calculations, Avalara Returns, Avalara

Legal 52

Legal Tax Finance Sales 52

Accounting Today

APRIL 16, 2024

A recent poll from Rightworks has found that 73% of accountants are not using AI and 35% have no plans to do so in the future.

accountant 103

accountant Account accounted 103

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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.

CPA Practice

APRIL 16, 2024

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added ntegration of depreciation and amortization tax savings strategies into Instead and Instead Pro. With Instead and Instead Pro, users can utilize depreciation to find and compare tax savings for assets categorized as residential, nonresidential, technology and electronics, office furniture and fixtures, vehicles, land improvements and specialty properties.

Tax 52

Tax accounting firms accountant Account 52

Accounting Today

APRIL 16, 2024

Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.

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Tax Finance 78

Canopy Accounting

APRIL 16, 2024

Presenters: Michael Salmon , Canopy Eric Bonney , Managing Shareholder, Harvest Tax & Accounting Services Rekha Nomula , Operations Manager, AppleTree Business Services

Tax 52

Tax accountant Account accounted 52

Accounting Today

APRIL 16, 2024

The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.

Technology 100

Technology Finance accountant Account 100

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.

Summit CPA

APRIL 16, 2024

Jamie and Jody welcome Goran Kovacevic, Vice President of Business Development at Infinum, to discuss business development within a creative agency.

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52

Accounting Today

APRIL 16, 2024

A set of frequently asked questions from the IRS says the benefit can be excluded from income.

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Tax 96

Going Concern

APRIL 16, 2024

h/t to the tipster who sent this over and also totally made my day. I only wish this story hadn’t come out on the same day we already published a Trump-adjacent article. Also warning: this is long. ChatGPT TLDR summary: The Supreme Court is debating whether Capitol rioters can be charged with Sarbanes-Oxley violations for obstructing Congress during the January 6 riot.

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Government Construction New York audit 116

Accounting Today

APRIL 16, 2024

Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.

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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.