CPA Practice

JANUARY 23, 2024

The Internal Revenue Service says it is working on the Simple Notice Initiative, a sweeping effort to simplify and clarify about 170 million letters sent annually to taxpayers. Part of the larger transformation work taking place at the IRS with Inflation Reduction Act funding, the Simple Notice Initiative will build off redesigned notice efforts in place for the 2024 tax season and expand on a recent successful pilot involving identity theft letters.

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tax return Tax 122

TaxConnex

JANUARY 23, 2024

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax. But this is not always the case. In fact, many states impose sales and use tax on services provided by the technology industry.

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Sales Tax Washington Technology 262

BurklandAssociates

JANUARY 23, 2024

Tax deadlines for startups in 2024, including federal filing dates and key dates for San Francisco, New York, and Seattle. The post Tax Deadlines for Startups in 2024 appeared first on Burkland.

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Tax New York 173

Accounting Today

JANUARY 23, 2024

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.

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Tax 134

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.

Finance

Going Concern

JANUARY 23, 2024

With all the AI buzz dominating headlines these days , we almost forgot how much firms enjoy talking about purpose. Allegedly this is something very important to millennials, or it was when we started entering the workforce 20+ years ago but now that we’re old and codgery it’s been pinned on Gen Z. Gen Z doesn’t work for money, they work for purpose.

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Hospitality Start-ups Gaming 117

Accounting Today

JANUARY 23, 2024

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

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audit Tax accounted Account 126

Accounting Today

JANUARY 23, 2024

An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.

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Tax Finance 124

CPA Practice

JANUARY 23, 2024

In a news release today reminding taxpayers that they once again must answer a digital asset question and report all digital asset-related income when they file their 2023 income tax return, the IRS noted that it has included a crypto question on four additional tax forms ahead of filing season. The tax agency said on Monday that it has reworded the question that had already appeared at the top of Form 1040 , Individual Income Tax Return ; Form 1040-SR , U.S.

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tax return income tax Tax Non-Profits 111

Insightful Accountant

JANUARY 23, 2024

As accountants look ahead to the upcoming year, it’s important for them to note what the current landscape looks like for their small business clients. That's why you may find this 4th-Quarter data from 2023 beneficial.

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Account accountant accounted 105

CPA Practice

JANUARY 23, 2024

Patriot Software, a national accounting and payroll software company, has released its inaugural Small Business Payroll Index , which will be published monthly. This index represents the monthly percentage change in the number of workers who were added to or removed from Patriot’s payroll software. “I love this index report because it gives me a super simple visual of the rate at which U.S. small businesses are either adding or eliminating workers,” says Patriot Software’s CEO, Mike Kappel.

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payroll accountant accounted Account 105

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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.

Technology

Insightful Accountant

JANUARY 23, 2024

A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.

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accounting firms Account accounted accountant 103

Accounting Today

JANUARY 23, 2024

The Federal Trade Commission issued an order forbidding Intuit from describing its TurboTax software as free in any of its promotional materials unless the product is free for everyone.

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Technology Tax 96

CPA Practice

JANUARY 23, 2024

Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. While in-person events and meetings are still effective ways to network, many professionals are taking advantage of online networking opportunities. In fact, 40% of professionals say they network more online than in person.

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Account accounted accountant B2C 72

Accounting Today

JANUARY 23, 2024

Among others, Enrolled Agents with Social Security numbers ending in 7, 8 or 9 must renew with the IRS by Jan. 31.

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tax preparation Tax 95

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

CPA Practice

JANUARY 23, 2024

A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits. The Avalara Tax Changes Report covers tax changes across the U.S. and internationally, as well as specific changes in key industries, including beverage alcohol, communications, energy, lodging, manufacturing, retail, and software.

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audit E-commerce Sales South Dakota 64

Accounting Today

JANUARY 23, 2024

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

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accounting standards financial accounting accounted Account 80

CPA Practice

JANUARY 23, 2024

Have you been over to the Financial Accounting Standards Board’s (FASB) website lately? If not, it has a new look. The redesigned FASB website—launched by the Financial Accounting Foundation (FAF), the body that oversees the FASB and the Governmental Accounting Standards Board (GASB)—features streamlined navigation, a simpler menu structure, more attractive and intuitive design, a stronger search algorithm, and more prominent placement of the most important information stakeholders are looking t

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accounting standards Legal financial accounting accountant 64

Accounting Today

JANUARY 23, 2024

Archer Daniels Midland stunned the agricultural trading and processing world with its bombshell that its CFO is on leave pending an investigation into accounting practices.

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Agriculture Account accounted accountant 75

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

CPA Practice

JANUARY 23, 2024

Oracle is introducing new capabilities to Oracle Fusion Cloud Enterprise Performance Management (EPM) that, when paired with Deloitte’s implementation services, can help multinational organizations as they manage upcoming Organization for Economic Co-operation and Development (OECD) Pillar Two tax requirements. The combination of both offerings can help finance leaders simplify complex tax processes and reporting and achieve better alignment between finance, sales, and taxation through end-t

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general ledger Technology Finance Tax 59

Accounting Today

JANUARY 23, 2024

In the year since a 25 billion reais ($5 billion) accounting fraud scandal erupted at his former company and tarnished the reputation of its billionaire shareholders, the Rio de Janeiro native has relocated to Spain while Brazilian investigators continue their probe.

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accounted Account accountant audit 75

Cherry Bekaert

JANUARY 23, 2024

Navigating the world of grants is challenging. From finding the right grant for your organization to tracking its progress and closing it out is, grant management can be a burden. While it’s rewarding to receive an award, the excitement can fade if the strain on resources and financial burden outweighs the award itself. Join Nicky Lettini and Kat Kizior to gain insight into what to ‘know before you go’ for a grant including grant readiness, grant structure, and indirect cost.

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Accounting Today

JANUARY 23, 2024

Leveraging the benefits of generative AI has the potential to improve the workplace experiences of finance professionals.

Finance 64

Finance Technology 64

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

Anders CPA

JANUARY 23, 2024

As more companies embrace hybrid and remote workforces , protecting proprietary data and user devices becomes critical. While hackers and other cybercriminals continue to unleash destructive cyber-attacks on unsuspecting businesses, a new era in cybersecurity paired with an increasingly remote and hybrid workforce has left some companies unprepared.

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Technology CPA 59

Accounting Today

JANUARY 23, 2024

1099s every quarter; latest tax lawmaking; a crypto outlook for 2024; and other highlights from our favorite tax bloggers.

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Tax tax preparation 60

Withum

JANUARY 23, 2024

Kathy Ruggieri from Withum’s Healthcare Advisory Team discusses in this on-demand webinar how advancements in technology have dramatically changed the process, workflow, and efficiency of the current day revenue cycle resulting in a positive impact on the consumer. Already Registered? Click Here View On-Demand Webinar Learning Objectives: Identify the tools and software that are available in the marketplace Assess how technology can create a more efficient and accurate revenue cycle Describe how

Technology 52

Technology Healthcare 52

Accounting Today

JANUARY 23, 2024

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

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Washington California Tax income tax 58

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

Reckon

JANUARY 23, 2024

When it comes to running a small business, organising your finances is utterly crucial to success. Not only that, when you do it right, all other aspects of running a business become that much easier and more manageable. Here’s some key steps to help you manage and organise the financial aspects of your small business. Create a proper business budget and stick to it This may sound obvious, but it’s surprising how many small businesses don’t budget effectively and then wonder where their money we

Finance 52

Finance accounting and finance accounting software bookkeeping 52

CPA Practice

JANUARY 23, 2024

By Ira Rosenbloom. While numbers and data understandably create a comfort zone for most CPAs, only focusing on financial terms and bottom lines during M&A discussions can be a dead end. Experience dictates that the parties involved in M&A need to prioritize their expectations of what they want from—and bring to—the deal to figure out the appropriate terms.

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cpas accounted accountant Account 52

Accounting Insight

JANUARY 23, 2024

Few could have predicted the rise of artificial intelligence and the speed at which it has revolutionised the accountancy industry in recent times. Even those well versed in technology may find it challenging to keep up with the latest advancements. So, if you’re not tech savvy, it can feel like you and your business is falling behind. However, the integration of AI is not something to be feared.

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Technology Account accounted accountant 40

CPA Practice

JANUARY 23, 2024

Top 400 accounting firm MahoneySabol, based in Glastonbury, CT, has combined with fellow Gastonbury accounting firm Giamalis and Company, effective Jan. 15. Financial terms of the deal weren’t disclosed. The combined firm will continue to operate as MahoneySabol & Company LLP. From left: Michael Sabol, Stephen Giamalis, and James Mahoney With this merger, MahoneySabol is broadening its client base and added nine experienced professionals from Giamalis to its team.

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accounting firms tax planning audit tax services 52

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