Anders CPA

NOVEMBER 21, 2023

Year-end is approaching fast, which means this is the perfect time for businesses to make some final adjustments to their tax planning strategies. Exploring options such as a de minimis safe harbor election or purchasing assets to take advantage of 2023’s bonus depreciation of 80% could have a big impact on a business’s tax burden come April. Consulting with a trusted tax professional to determine your eligibility for certain deductible activities is the best way to maximize your tax savings.

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tax planning Tax financial statements tax return 64

TaxConnex

NOVEMBER 21, 2023

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax. Whether you’re managing sales and use tax for your clients or not, you've most likely come across situations where your clients want to sell their businesses, secure outside capital, or ensure they’re not at risk from previous exposure.

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cpas Sales Tax audit 147

BurklandAssociates

NOVEMBER 21, 2023

As of 2023, all states have enacted economic nexus legislation. Every business must understand state requirements and evaluate the tax implications. The post State Sales Tax Liability Continues to Evolve for US Startups appeared first on Burkland.

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Sales Tax 130

CPA Practice

NOVEMBER 21, 2023

Online sellers who use a third-party payment app will get a reprieve this upcoming tax filing season as the IRS said on Tuesday it will once again delay the new $600 Form 1099-K reporting threshold. The agency said it is planning for a reporting threshold of $5,000 for tax year 2024 before phasing in the $600 reporting threshold that was enacted under the American Rescue Plan in 2021.

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Tax 127

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

Insightful Accountant

NOVEMBER 21, 2023

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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quickbooks tax preparation Tax 111

CPA Practice

NOVEMBER 21, 2023

By Liz Weston, CFP, NerdWallet (TNS) Many companies try to help their workers to save for retirement. Employers often offer 401(k)s, company matches and automatic enrollment to encourage saving. Much of that effort goes to waste, though, when employees leave. A study published last year in Marketing Science , a peer-reviewed research journal, found more than 40% of departing workers cashed out at least part of their 401(k)s, and most of those drained every dime.

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Colorado Education Texas Tax 114

CPA Practice

NOVEMBER 21, 2023

Accountants play a huge role in estate planning—from knowing your client’s asset and property values inside out to helping them plan how to manage and distribute these assets in case of an unplanned death. More often than not, people with no estate plans leave behind a huge deal of mental stress on their loved ones on how to manage and distribute properties which often leads to disagreements, on top of the emotional distress caused by death.

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accountant Account accounted Legal 112

Accounting Today

NOVEMBER 21, 2023

The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.

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Tax 140

Cherry Bekaert

NOVEMBER 21, 2023

The National Academy of Public Administration’s Agile Government Center Coordinator, G. Edward DeSeve , joined Cherry Bekaert’s Advisory Leader, Srikant Sastry , in a conversation with Department of Veterans Affairs (VA) Deputy Chief Veterans Experience Officer Barbara Morton. With trust in government at an all-time low, Ed and Srikant explored what was driving VA’s improved Veteran satisfaction and how it could help restore trust.

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Government 100

CPA Practice

NOVEMBER 21, 2023

For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers continue to embrace digital banking channels, with 48% of bank customers using apps on phones or other mobile devices as their top option for managing their bank account and 23% using online banking via laptop or PC the most in the p

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accountant Account accounted 98

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

Cherry Bekaert

NOVEMBER 21, 2023

At the closing panel for Cherry Bekaert’s recent 2023 Modernizing Manufacturing Symposium, two leaders reflected on CEO success and shared practical, hands-on advice for mid-market manufacturing leaders looking to better manage talent, AI and macroeconomic factors. The interactive session featured Marshall Cooper, CEO of Chief Executive Group, and Bob Nardelli, founder of XLR-8.

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Manufacturing Transportation Start-ups Technology 98

Insightful Accountant

NOVEMBER 21, 2023

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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AccountingDepartment

NOVEMBER 21, 2023

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

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Manufacturing Tax Sales Technology 88

Accounting Today

NOVEMBER 21, 2023

Five types of return are projected to increase in volume by more than 45% in FY 2023.

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tax return Tax 126

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KROST

NOVEMBER 21, 2023

In the world of financial transactions and business operations, staying compliant with tax regulations is essential. One often-overlooked yet critical aspect is the proper handling of Form W-9: Request for Taxpayer Identification Number and Certification. In this blog post, we’ll delve into the importance of Form W-9, its role in vendor payments, the types of Read the full article.

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Tax accounting software tax accountant Account 78

Accounting Today

NOVEMBER 21, 2023

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

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Tax income tax 95

Withum

NOVEMBER 21, 2023

On November 13, 2023, New York Governor Kathy Hochul announced the release of statewide proposed cybersecurity regulations for hospitals. If adopted by the Public Health and Health Planning Council this week, the regulations will be published in the State Register on Dec. 6, with a 60-day public comment period ending on February 5, 2024. The proposed regulations aims to strengthen the protections on hospital networks and systems that are critical to providing patient care, complimenting existin

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Mark Lee

NOVEMBER 21, 2023

One of the strangest things I hear about from accountants are how many clients they have who R eject, A void and S hun H elp. Do you have any like that? They still pay your fees but you’re not sure that you are doing your best for them. Years ago I only seemed to hear about clients who were a pain to deal with, slow to respond, overly fee conscious and/or rude and unpleasant.

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accountant Account accounted business accounting 94

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

Going Concern

NOVEMBER 21, 2023

Hey the news is slow, let’s look at the PCAOB’s fiscal 2024 budget that the Board approved on November 16. TL;DR the budget is $384.7 million, an 11 percent increase over 2023, and provides funding for 946 positions. Costs appear below: Said the PCAOB: The 2024 budget reflects the resources expected to be required in 2024 for the PCAOB to carry out its statutorily mandated responsibilities under the Sarbanes-Oxley Act and achieve the goals and objectives as set forth in its 2022-2026

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audit Non-Profits Tax accountant 65

CPA Practice

NOVEMBER 21, 2023

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. A federal grand jury indicted Charles Marshall Stivers, of Manchester, last week on two charges of making false statements on tax returns in 2018 and 2020. Stivers reported gross income of $245,130 for one tax year, but failed to report another $170,507, the indictment charges.

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Kentucky CPA Tax tax return 64

Accounting Today

NOVEMBER 21, 2023

Accountability Services merged with Boulder Valley CPAs; and Abip CPAs & Advisors added Matthews & Johnson CPAs and Brehm, Havel & Co.

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cpas accountant Account accounted 72

CPA Practice

NOVEMBER 21, 2023

Data from Bank of America shows that average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans. The number of participants taking hardship distributions increased 36% year-over-year, following increases in first quarter this year.

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accountant Account accounted 59

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Accounting Insight

NOVEMBER 21, 2023

Chancellor Jeremy Hunt is set to deliver the Autumn Statement on Wednesday. As an experienced minister Hunt is unlikely to deliver anything that will keep accountants awake at night, but there are several likely changes that will be of great interest. Potential for Tax Cuts In the last few months there has been a lot of chatter about the potential for tax cuts in the Autumn Statement.

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income tax accountant Account accounted 59

Accounting Today

NOVEMBER 21, 2023

Accounting firms are increasingly looking to M&A as avenues for expansion and improved service offerings.

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cpa firm CPA accounting firms accountant 75

Menzies

NOVEMBER 21, 2023

Menzies LLP - A leading chartered accountancy firm. As the Cryptoasset and NFT space continues to grow and evolve, us as tax advisors are keen to provide compliance and technical advice and allow our clients (both individuals and businesses) to plan ahead with the peace of mind they are accurately reporting the relevant and necessary details to HM Revenue and Customs.

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chartered accountant income tax corporation tax accounting and finance 52

Accounting Today

NOVEMBER 21, 2023

Among other things, they may unintentionally snare mutual funds, an expert testifies.

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Tax 83

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.

Insightful Accountant

NOVEMBER 21, 2023

Royalwise is becoming an App Partner, offering QBO training to bookkeepers, business owners, and accounting firms. Our courses fill the gaps in knowledge and are NASBA CPE approved.

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bookkeeping accounting firms accountant Account 52

Reckon

NOVEMBER 21, 2023

As the end of the year roars into view, it’s time to start preparing your business now , before things get hectic. The holiday season brings with it a range of challenges and business opportunities, so don’t drag your feet. Now that we’re nearing the end of November 2023, it’s wise to consider your business to-dos before you’re scrambling to buy Christmas presents and wondering what you’re doing for New Year’s Eve. 1) Plan for continued inflation and high cost of living in 2024 It’s a strong pos

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Hospitality payroll Sales Start-ups 52

Insightful Accountant

NOVEMBER 21, 2023

Publisher, Gary DeHart, sat with Anchor Co-Founder and CRO and learned what Anchor does and how accounting professionals leverage automations to improve their workflow, cash flow and EBITDA so they can "auto-relax".

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accountant Account accounted 52

Reckon

NOVEMBER 21, 2023

Guest post by Alexey Kutsenko. According to a recent survey , 37% of respondents do not feel secure in their workplace. This is the stark truth that employers are facing, and it’s a challenge they must meet. But how? Keeping up with the latest workforce management trends seems to be the savvy way forward. Workforce management is not a walk in the park.

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Technology payroll Gaming 52

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