Going Concern
JANUARY 25, 2024
An incredible phenomenon is underway, one that many tax pros have been begging their compadres to get on board with for years: CPAs are increasing their fees. In some cases so high that clients are pushing back, going their own way (rather, threatening to…they’ll be back), or shopping around for someone new. Surely they won’t have any problem finding someone who will do it cheaper!
TaxConnex
JANUARY 25, 2024
Clients often ask us, “How often should we evaluate the taxability of our products?” An annual review should work. Most states change their sales tax rate laws on either Jan. 1 or July 1, by the calendar year or by the fiscal year. But there are more than 10,000 jurisdictions in the U.S., and a ton of local jurisdictions with the authority from their states to change their individual tax rates.
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Accounting Today
JANUARY 25, 2024
The Internal Revenue Service and the Treasury Department issued a notice to provide relief to parents who got snagged by problems with Maryland's prepaid college savings program.
Going Concern
JANUARY 25, 2024
RSM has shared their global revenue numbers for 2023 and like all firms their size, it’s broken a record. $9.4 billion for the year ended December 31, 2023 puts them a mere $26,600,000 behind fourth-place Big 4 KPMG ( $36 billion ) and exactly $40 billion behind actual Big 4 EY ( $49.4 billion ). As with all accounting firm revenue reports, we encourage the reader to exercise any and all skepticism as these numbers are unaudited.
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.
Accounting Today
JANUARY 25, 2024
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
Anders CPA
JANUARY 25, 2024
Anders employees nominate the not-for-profit organizations they’re involved with and passionate about every year to be considered for the firm’s Charity of Choice. The votes have been tallied and we’re excited to announce the 2024 Anders Charity of Choice is Memory Care Home Solutions! The Charity of Choice program, now in its 19 th year, supports the nominated organization with a combination of volunteer efforts and fundraising events.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
JANUARY 25, 2024
Top 100 ProAdvisor Laurie O'Neil shares her experience participating in an event hosted by Hector and Carlos Garcia last October.
Withum
JANUARY 25, 2024
Withum is proud to share that Steven Cohen , Partner, has been selected to chair the Audit and Accounting Committee for the Massachusetts Society of CPAs (MassCPAs). With over 26 years of experience, Steven specializes in the audits of government entities , auto dealerships , and higher education and not-for-profit organizations. He is a certified governmental financial manager (CGFM) and has managed high-profile government audit engagements.
ThomsonReuters
JANUARY 25, 2024
Jump to: Moving beyond technology implementation Picking the right technology is just the start How to keep tax department tech effective From the pandemic to regulatory changes to economic shifts, numerous industries have adjusted how they operate, how they use technology, and how they engage with clients. Indeed, some of that has been good — moving industries forward by leaps rather than by incremental steps.
Accounting Today
JANUARY 25, 2024
The Treasury Inspector General for Tax Administration faulted the IRS's cloud computing governance, saying it outright cannot find certain contracts and is unable to determine the value of others.
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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.
CPA Practice
JANUARY 25, 2024
Most (84%) U.S. employers are planning to make changes to their leave programs in the next two years, according to a new survey by leading global advisory, broking and solutions company WTW. WTW’s 2023 Leave, Disability and Time-off Trends Survey found supporting attraction and retention strategies to be the number one driver for making changes to paid leave, time off or disability programs, cited by almost three-quarters (73%) of employers that have made or plan to make changes to their leave p
Patriot Software
JANUARY 25, 2024
You have a million-dollar business idea. And after weeks, months, or even years of thinking about it, you decide to make your idea a reality. Do you know how to start a small business? For 15% of business owners, getting started is the hardest part of being a business owner.
AccountingDepartment
JANUARY 25, 2024
This week, AccountingDepartment.com Business Development Representative, Luke Backus, attended ADC's 10th Vistage ChairWorld in San Diego, CA! ChairWorld is a place for Vistage Chairs to come together and attend various breakout sessions, networking opportunities, and evening fun to learn new strategies, improve leadership skills, and more.
GrowthForceBlog
JANUARY 25, 2024
9 min read Traveling back in time more than a decade, The Great Recession led to limited opportunities and job stability for highly educated, qualified, and experienced professionals, leaving the landscape ripe for opportunities in outsourcing and contracting work.
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.
Withum
JANUARY 25, 2024
Why a Forensic Accountant? Using a forensic account is essential in developing a strategy to handle and defend the findings of a cash-based audit. However, before delving into how they can assist counsel and the client, it’s essential to define what a forensic accountant is. Forensic accounting is a subset of the accounting profession. The Oxford Dictionary defines forensic accounting as “the use of accounting skills to investigate fraud or embezzlement and to analyze financial information
Accounting Today
JANUARY 25, 2024
The Global Reporting Initiative published a major update to its biodiversity standard for organizations to disclose their most significant impacts on the number of plant and animal species throughout their operations and supply chain.
Cherry Bekaert
JANUARY 25, 2024
On this episode of AI, Government, and the Future , host Alan Pentz is joined by George DelPrete, a Managing Director at Cherry Bekaert. Together, they discuss the challenges and opportunities of IT modernization and artificial intelligence (AI) in the federal government. DelPrete shares insightful perspectives on the ongoing struggle with legacy systems, the potential of AI in change management and decision making and the crucial need for governance and training.
MineralTree
JANUARY 25, 2024
The past year in finance was riddled with economic uncertainty, accompanied by challenges like staffing constraints and the need to optimize efficiency with limited resources. Despite the start of a new year and promises of rate cuts on the horizon, MineralTree’s 8th Annual State of AP Report revealed that many of these trends and hurdles aren’t fading away — they’re evolving.
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.
Withum
JANUARY 25, 2024
In the ever-evolving landscape of business technology, Artificial Intelligence (AI) has emerged as a transformative force, bringing unprecedented efficiency and innovation to various industries. Enterprise Resource Planning (ERP) systems, which integrate core business processes, are no exception to this revolution. Let’s dive into the different types of AI in ERP systems that are making waves today.
Accounting Today
JANUARY 25, 2024
Investors have a wealth of options for putting their capital gains to work through this program.
Summit CPA
JANUARY 25, 2024
As you consider ways to grow your business, consider looking into branding services if you have not done so already. Many owners and operators of companies often mistake branding as solely the development of a logo or special typeface. However, that couldn't be further from the truth. Strong branding is essential to an effective marketing strategy and involves much more than graphic design.
Accounting Today
JANUARY 25, 2024
Angie Grissom and August Aquila debate whether you can make a strong leader out of an ordinary person, or are there certain innate traits that simply can't be taught?
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 Practice
JANUARY 25, 2024
Top 20 accounting firm Armanino on Thursday unveiled its newest class of 16 leaders who provide tax, consulting, trust, and business management services to clients. And for the second consecutive year, half of the class of 2024 are women. Last year, Armanino promoted 26 to partner —the largest group in the firm’s history. Armanino’s 2024 new partner class includes: Erin Barragar , Tax, Irvine, CA Naz Bhangal , Tax, San Ramon, CA Lisa Boyd , Tax, Irvine, CA Babette Campbell , Business Management,
Accounting Today
JANUARY 25, 2024
GUILTY4EVER; lack of security; just trust me; and other highlights of recent tax cases.
CPA Practice
JANUARY 25, 2024
HubSync , a CPA firm technology platform, has launched an innovative new Research and Development (R&D) Tax Credit product to streamline the complex process of collecting, organizing, and submitting R&D tax credit data supporting taxpayer claims sent to the IRS for processing. By consolidating and automating cumbersome manual processes, the R&D Tax Credit product reduces the time and resources required to compile supporting data and documentation for these claims.
Dent Moses
JANUARY 25, 2024
The stepped-up basis applies to assets inherited at someone’s death. The IRS resets the asset’s original cost basis to its value at the decedent’s date of death. If the asset is later sold, the heir pays capital gains on the gain (if any) on the sale proceeds less the stepped-up basis. So, if sold immediately after inheritance, inherited assets generally have little or no capital gains.
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
CPA Practice
JANUARY 25, 2024
Grant Thornton LLP, a provider of audit and assurance, tax and advisory services, has named Alley-Oop Kids to its Purple Paladin program, which helps emerging nonprofit organizations move from “start-up to unstoppable.” As part of the program, Grant Thornton provides funding, business advice and volunteer support, while also helping nonprofits raise awareness of their work and mission.
Menzies
JANUARY 25, 2024
Menzies LLP - A leading chartered accountancy firm. Article written by Emily Donaldson. What should you know about suspected till fraud? From November 2023, following previous action into alleged undisclosed till fraud in December 2022, HMRC have conducted unannounced visits to more than 20 businesses across England and Scotland, that are suspected to be using electronic sales suppression (ESS) tools to deliberately reduce their tax liability.
Summit CPA
JANUARY 25, 2024
Boom or bust, feast or famine. Growing agencies all experience the project-capacity rollercoaster – probably more often than they would like. As projects ramp up or down and team capacity grows or shrinks, tasks get triaged on a day-to-day or, if you’re in good shape, week-to-week basis. With so many variables, the thought of projecting capacity appears daunting.
Inform Accounting
JANUARY 25, 2024
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend allowances of other family members, an alphabet share structure (whereby each shareholder has their own class of shares, e.g. A ordinary shares, B ordinary shares, etc.) provides the flexibility to tailor dividend payments to the circumstances of the shareholder.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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