Canopy Accounting
JUNE 18, 2024
Accounting is facing a major issue: a shortage of 340,000 accountants. It’s not just public accounting firms experiencing the talent crunch, even Fortune 500 companies are, as errors in earnings reports have shaken investor confidence. Electric truck maker Rivian mistakenly reported a 147% increase in deliveries in Q4, when this figure actually pertained to the annual increase, not just the quarter.
TaxConnex
JUNE 18, 2024
Six years ago this Friday, the U.S. Supreme Court decided, narrowly, to complicate life for online sellers. In the landmark 2018 case South Dakota v. Wayfair, Inc. et al, the Court determined that an out-of-state seller could establish “nexus” through just economic activity. (Nexus is an economic presence that triggers the obligation to collect and remit tax or at least communicate with appropriate states.
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Accounting Today
JUNE 18, 2024
Residents with high earnings in these 20 states get a bigger break on their taxes, paying a smaller percentage of their income.
BurklandAssociates
JUNE 18, 2024
From valuation to term sheet to exit strategy alignment, a startup’s Series A round involves careful consideration of several critical factors. The post The Startup Founder’s Guide to Evaluating a Series A Round appeared first on Burkland.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Today
JUNE 18, 2024
The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.
CPA Practice
JUNE 18, 2024
By Sandi Smith Leyva. AI tools like ChatGPT can be used to streamline financial statement analysis and other client accounting service tasks. Here’s an example of what it can do with an income statement. An important reminder is that your data needs to be anonymized before entering it into any generative AI application. This means stripping out the company name and any other identifying information.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
JUNE 18, 2024
Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. South Carolina taxpayers who encumber their property with a perpetual recreational trail easement and right-of-way are allowed a one-time income tax credit equal to ten cents for each square foot of the property that is encumbered by the recreational trail easement.
Going Concern
JUNE 18, 2024
Deloitte has released their third Well-being at Work Survey and guess what? The workers aren’t so well. Here’s a fun figure from the survey of 3,150 C-suite executives, managers, and workers across four countries for you: Only 43% of workers say their organizations have left them better off than when they started. Well-being isn’t doing so well either.
CPA Practice
JUNE 18, 2024
By Ira Rosenbloom. Mergers and acquisitions (M&A) activity in the accounting industry has been robust and competitive—and all signs point to a continuation of that trend, especially in certain markets and for certain firms. If you are thinking of becoming either a buyer or a seller this year, there are critical steps to pursue that can improve your odds of success.
Withum
JUNE 18, 2024
Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. The FICPA’s Women to Watch Awards is an annual program that recognizes outstanding women in the accounting profession, celebrating two categories of emerging and experienced leaders.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Insightful Accountant
JUNE 18, 2024
The Opening Keynote for Scaling New Height was highlighted with a presentation from Dr. Michio Kaku, Theoretical Physicist and Renowned Futurist.
AccountingDepartment
JUNE 18, 2024
We are thrilled to share that AccountingDepartment.com has been selected for inclusion in the Inc. Best Workplaces list, for the third year in a row! This recognition in 2024 highlights the success of the workplace environment we have cultivated over the last 20 years. We are grateful for the privilege of being acknowledged as an Inc. Best Workplace for the last 3 years now, and we extend our appreciation to our entire staff, who make it such a wonderful place to be every day.
Accounting Today
JUNE 18, 2024
The Treasury Department and the Internal Revenue Service released prevailing wage and registered apprenticeship requirements for clean energy projects and jobs to qualify for tax credits under the Inflation Reduction Act.
CPA Practice
JUNE 18, 2024
Data released by the U.S. Census Bureau on June 18 shows retail sales grew again in May and helped drive a still-expanding economy, National Retail Federation Chief Economist Jack Kleinhenz said. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” Kleinhenz said. “These numbers indicate that the economy continues to expand at a solid pace.
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Accounting Today
JUNE 18, 2024
The confluence of generative AI's boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.
Patriot Software
JUNE 18, 2024
Tax withholding is an essential piece of the payroll puzzle. One of the taxes you must withhold from employee wages is the Old-Age, Survivors, and Disability Insurance (OASDI) tax. You must also contribute an employer portion of the OASDI tax. OASDI tax is more commonly referred to as Social Security tax.
Accounting Today
JUNE 18, 2024
The current wave of M&A activity is driven at least in part by the need for firms to build out their CAS practices quickly, said Joe Woodard at Scaling New Heights
CPA Practice
JUNE 18, 2024
Bookkeep, a revenue accounting and sales tax automation platform for unified commerce, has announced plans to open a new office in Victoria, British Columbia, Canada led by Vice President of Marketing and Communications Alison Ball. The office will be focused on expanding access to automated ecommerce solutions for Canadian businesses and their bookkeepers and accountants.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Cherry Bekaert
JUNE 18, 2024
Contributor: Clint Costa , Senior Wealth Strategist at Choreo Advisors This Q&A was featured in Pitchbook’s Q1 2024 PE Middle-Market Report. A Pitchbook subscription is required to read the full report. On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50% 1.
Accounting Today
JUNE 18, 2024
Reform's many aspects; healing your energy; BOI deadline problem; and other highlights from our favorite tax bloggers.
Insightful Accountant
JUNE 18, 2024
Check out this special edition of QB Talks, where Alicia Katz Pollock dives into the newest updates and features of Modern Invoices in QuickBooks Online.
Accounting Today
JUNE 18, 2024
Automaton has led to specialized solutions taking on more features to create powerful combos of capacities, but firms must also keep security in mind.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
LSLCPAs
JUNE 18, 2024
LSL Webinar “Back to Basics: Lease and SBITA Accounting: Year Two and Beyond,” presented by Christian Townes, Partner and Amber Haston, Manager, addressed challenges faced by governmental agencies in complying with GASB 87 and GASB 96 requirements and provided a detailed approach to updating leases and SBITAs each year. In case you missed it –.
ThomsonReuters
JUNE 18, 2024
Jump to: Understanding the challenges with search functionality Overcoming constraints by utilizing AI-powered tax and accounting solutions Optimizing your tax research strategies with AI In a world of information overload, many tax and accounting firms are facing challenges in finding trusted answers to complex and evolving tax topics. As clients increasingly demand timely responses and personalized guidance, forward-looking firms are enhancing their search capabilities to gain a competitive ed
CPA Practice
JUNE 18, 2024
Top 60 accounting firm RKL is merging fellow Lancaster, PA-based firm Kauffman CPA Co. into its RKL Virtual Management Solutions subsidiary, effective July 1. Financial terms of the deal weren’t disclosed. As part of the transaction, approximately 15 Kauffman CPA Co. team members, including founder and owner Doug Kauffman, will join the more than 650 RKL professionals nationwide and will be based out of the Lancaster office.
Summit CPA
JUNE 18, 2024
Hannah Hood, Virtual CFO at Summit Virtual CFO by Anders, joins Jamie as she shares her experiences from recent agency events.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
CPA Practice
JUNE 18, 2024
Top 70 accounting firm Clark Schaefer Hackett & Co. is set to acquire fellow Cincinnati CPA firm Rolfes & Swisher in a deal that will become effective on July 1. Financial terms of the transaction weren’t disclosed. Owner Jim Swisher, partner Alan Rengering, and their team will be working from Clark Schaefer Hackett’s downtown Cincinnati office.
Accounting for Good
JUNE 18, 2024
Budgets are critical for Not For Profit organisations. Budget strategies give NFPs the financial structure to continue their mission smoothly.
CPA Practice
JUNE 18, 2024
The Treasury Department and the IRS on June 17 released a fact sheet that provides answers to frequently asked questions related to educational assistance programs under Section 127 of the Internal Revenue Code. Taxpayers can exclude certain educational assistance benefits from their gross income if they are provided under an educational assistance program.
Mark Lee
JUNE 18, 2024
Although many people have heard of the 80:20 ‘rule’, very few accountants consciously think about how they could apply this principle to enhance way the way run their practice. The 80:20 rule is also known as the ‘Pareto principle’, the ‘law of the vital few’ and the ‘principle of factor scarcity’. Simply stated, the ‘rule’ suggests that for many activities, 80% of the effect comes from 20% of the causes.
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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.
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