GrowthForceBlog
AUGUST 12, 2024
8 min read August 12th, 2024 Most business owners are familiar with two reasons why their businesses need a bookkeeping and accounting function, compliance and taxes. While these are important functions of a back office, your back office has the potential to offer so much more to your business like improving its overall operation, efficiency, productivity, and profits.
Accounting Today
AUGUST 12, 2024
The Ben Affleck-starring sequel will continue the saga of lethal and brilliant small-town CPA Christian Wolff.
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CPA Practice
AUGUST 12, 2024
The IRS on Aug. 9 unveiled an updated draft version of Form 1099-DA , which cryptocurrency brokers will use to report certain sale and exchange transactions of digital assets that take place beginning in calendar year 2025. Generally, these forms will be sent separately to taxpayers and the IRS in early 2026, the agency said. The fresh draft version of Form 1099-DA , Digital Asset Proceeds From Broker Transactions , comes on the heels of the Treasury Department and the IRS issuing the highly ant
Accounting Today
AUGUST 12, 2024
Accountants are generally pessimistic about the economy as a whole, but feel much more confident when it comes to their own firm and clients.
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.
CPA Practice
AUGUST 12, 2024
In a move set to change practice management for solo accounting and bookkeeping firms, Financial Cents, a leading provider of accounting workflow management software, has announced the launch of its new solo plan. Priced at an unbeatable $9 per month (when billed annually), this plan is designed specifically for solo practitioners who need streamlined, accounting-focused workflow tools without the complexity or cost associated with larger platforms.
Going Concern
AUGUST 12, 2024
Just as we’ve started seeing a handful of interns saying they haven’t received offers from the firm they interned at, this pops up on Xitter: Source: National Association of Colleges and Employers 2024 Internship & Co-op report These figures come from NACE’s 2024 Internship & Co-op report and include responses from 283 organizations, not strictly public accounting.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
AUGUST 12, 2024
There's still room for improvement, say experts.
CPA Practice
AUGUST 12, 2024
Small business owners still waiting for their pandemic-era Employee Retention Credit (ERC) payments got good news and bad news from the IRS on Aug. 9. The good news is the IRS said it’s accelerating payments to businesses that had submitted legit claims for the tax credit and will now begin processing claims filed between Sept. 14, 2023, and Jan. 31, 2024.
Accounting Today
AUGUST 12, 2024
Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.
CPA Practice
AUGUST 12, 2024
Top 200 accounting firm Honkamp merged in Brems Group, a CPA firm with offices in Cedar Rapids and Coralville, Iowa, effective Aug. 1. Financial terms of the deal weren’t disclosed. After the merger, Brems Group leaders Jim Brems, Brian Coller, and John Warren, as well as their 20 or so employees, will continue to serve their current clients from those two offices, Honkamp said in a media release.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Xero
AUGUST 12, 2024
“We believe that Australian music is a vital part of life and we want to help musicians make a living from their craft,” shared Kathy Wilson, co-founder of Suitcase Records. The family-run business operates out of Brisbane, Australia, and aims to support local musicians by providing a more sustainable PVC compound to produce high-quality vinyl records.
CPA Practice
AUGUST 12, 2024
Top 200 accounting firm Yeo & Yeo CPAs & Advisors has expanded its presence in the Southeast Michigan region by combining with Bloomfield Hills-based firm Berger, Ghersi & LaDuke (BGL), effective July 1. As part of the deal, BGL partners Alan LaDuke, David Berger, and Jim McAuliffe have joined Yeo & Yeo’s principal group. In addition, BGL’s team of nine accounting and administrative professionals have joined the Saginaw, MI-based firm.
Accounting Today
AUGUST 12, 2024
The SEC charged electric vehicle company Ideanomics and three of its executives with fraud for misleading the public about its financial performance from 2017 and 2019.
Cherry Bekaert
AUGUST 12, 2024
Contributors: Trevor Nelson | Strategic Financing Services Manager, Joe Hennessee | Strategic Financing Services Senior Manager The federal New Markets Tax Credit (NMTC) program provides funding to sponsors who make qualified investments in businesses or projects located in designated low-income communities. For manufacturers, this program offers a compelling value proposition – a savings of up to 20% of the total project cost.
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.
Accounting Today
AUGUST 12, 2024
Financial Cents, which makes practice management software for accountants, announced a new $9 a month plan for solo practitioners.
Going Concern
AUGUST 12, 2024
What’s up, newshounds? Everyone good? I hope so. Don’t want to hold you up so let’s get right to it. Computerworld interviewed Ken Englund, Technology Sector Growth Leader at EY Americas. Headline: EY exec: In three or four years, ‘we won’t even talk about AI’ Why do you think this has been one of the most unique hiring periods over the past decade or so, and how has AI affected that lately?
Accounting Today
AUGUST 12, 2024
Regional Leader Yeo & Yeo is growing in Southeast Michigan, while two firms in New Jersey have joined forces.
VJM Global
AUGUST 12, 2024
It has been 7 years since the introduction of Goods and Service Tax and limitations under Section 73 have commenced from September 2023 onwards for FY 2017-18. In the initial year, a Show Cause Notice in Form GST DRC-01 was issued on various grounds such as Difference in Tax liability declared in GSTR-1 and GSTR-3B, Difference in ITC Claimed , ITC liable for reversal concerning exempted supplies, and many others.
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.
Accounting Today
AUGUST 12, 2024
Consider this "introduction" as a sales effort to make the advisory services' sale.
VJM Global
AUGUST 12, 2024
It has been 7 years since the introduction of Goods and Service Tax and limitations under Section 73 have commenced from September 2023 onwards for FY 2017-18. In the initial year, a Show Cause Notice in Form GST DRC-01 was issued on various grounds such as Difference in Tax liability declared in GSTR-1 and GSTR-3B, Difference in ITC Claimed , ITC liable for reversal concerning exempted supplies, and many others.
Insightful Accountant
AUGUST 12, 2024
If you believe you're a QuickBooks Social Media Rock Star or Social Media Mogul, then Murph wants to help ensure you maximize your Top 100 Award potential.
VJM Global
AUGUST 12, 2024
It has been 7 years since the introduction of Goods and Service Tax and limitations under Section 73 have commenced from September 2023 onwards for FY 2017-18. In the initial year, a Show Cause Notice in Form GST DRC-01 was issued on various grounds such as Difference in Tax liability declared in GSTR-1 and GSTR-3B, Difference in ITC Claimed , ITC liable for reversal concerning exempted supplies, and many others.
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.
Insightful Accountant
AUGUST 12, 2024
As we navigate the complexities of the modern tax landscape, one thing becomes increasingly clear: technology is no longer just an asset; it's a necessity. The tax industry is undergoing a digital revolution, and staying ahead is crucial.
Withum
AUGUST 12, 2024
Enterprise Resource Planning (ERP) systems are the backbone of modern businesses. But with the rapid evolution of technology, the need to future-proof ERP systems has become paramount and necessary. The adage kicking the can down the road will only worsen the situation. Whether you are planning to implement an ERP software or seeking to optimize your current system, understanding how to leverage next-generation AI can significantly enhance your ERP evolution.
Insightful Accountant
AUGUST 12, 2024
There's always an exception to the rule. And there's always an exception to the exception! It’s one thing to master routine bookkeeping techniques, but it’s completely something else to use QuickBooks for rare business transactions.
Dent Moses
AUGUST 12, 2024
On August 8 th , 2024, the Internal Revenue Service announced it is accelerating more payments and continuing compliance work on outstanding ERC claims. It’s estimated between that 10% and 20% of the unprocessed ERC claims show a low risk of noncompliance. For those with no eligibility warning signs that were received prior to last fall’s moratorium, the IRS will resume processing.
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
Anders CPA
AUGUST 12, 2024
From a single grow light in his Bay Area garage to running a vertically integrated cannabis business in the highly competitive Michigan market, Willie McKenzie has been on a bumpy ride. Going on his eleventh consecutive season as an outdoor grower, the CEO of Left Coast Holdings initially faced daunting challenges when trying to move from the legacy to the regulated market: “In California, I had four medical farms, I couldn’t license them,” he recounts.
FraudFiles
AUGUST 12, 2024
Divorce and child support cases often are highlighted by disputes over money. One party may be accused of artificially depressing earnings, hiding assets or manipulating the finances to lower the financial obligation to another party. Understanding the complete picture of the finances is necessary before a fair settlement can be reached. Chicago divorce attorney Jeffrey [.
Menzies
AUGUST 12, 2024
Menzies LLP - A leading chartered accountancy firm. Life is unpredictable but we can protect our loved ones by securing their future with life insurance. What is Life Insurance Life insurance provides you with a lump sum benefit in the event of your death or sometimes terminal illness. Protecting loved ones Life insurance ensures your loved ones are financially protected in the event of your death.
CPA Practice
AUGUST 12, 2024
Top 20 accounting firm EisnerAmper announced its largest new partner class in the firm’s history on Aug. 1, with nine joining the partnership at EisnerAmper LLP and 14 added to the partnership at Eisner Advisory Group. EisnerAmper is comprised of EisnerAmper LLP, a licensed independent CPA firm that provides client attest services, and Eisner Advisory Group LLC, an alternative practice structure that provides business advisory and non-attest services to clients.
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