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: 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.

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 Account accounted 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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accounted Account accountant 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 Account accounted accountant 105

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.

Account

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.

Technology 96

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.

tax preparation 95

tax preparation Tax 95

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

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 accounted 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 Account accounted 80

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

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

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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.

Technology

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

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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Account accounted accountant audit 75

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

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

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Finance Technology 64

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.

Account

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

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

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

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: 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?

AP Automation

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 Account accountant 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

Mark Lee

JANUARY 23, 2024

Let’s start with something few people who create websites will tell you. Your website won’t generate ANY leads for you unless the right people look at it. So this is NOT a post about Search Engine Optimisation (SEO) or using backlinks, paid advertising or Pay Per Click (PPC) adverts to drive traffic to your website. It’s also NOT a post about blogging or regularly updating your website in an effort to attract more search engine traffic.

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Tax Start-ups Account accounted 40

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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