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 219

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: 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

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 accountant Account 126

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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accountant Account 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 Account accounted 105

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 accountant Account accounted 103

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

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

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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accountant Account accounted B2C 72

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

Xero

JANUARY 23, 2024

Xero provided a Briefing to Incoming Ministers (BIM) (Hon Nicola Willis, Hon Judith Collins, Hon Melissa Lee, Hon Andrew Bayly, and Hon David Seymour) in late 2023 which was focused on the challenges our small businesses face and the crucial role the government can play in driving solutions. Small businesses play a fundamental role in supporting our local communities, fostering innovation and driving productivity.

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Government Finance Technology 67

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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

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 accountant Account 80

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

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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accountant Account accounted audit 75

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

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

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 accountant Account accounted 75

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

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

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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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.

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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CPA Technology 59

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

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

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Technology Healthcare 52

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

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Finance accounting and finance accounting software bookkeeping 52

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.

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 accountant Account accounted 52

Accounting Today

JANUARY 23, 2024

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

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Finance Technology 64

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

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

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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.