TaxConnex
APRIL 25, 2024
There’s nothing like just walking down the hall of your office or clicking into a virtual team meeting to get an answer on something as complex and important as your company’s sales tax obligations. To handle sales tax in-house, you need someone on staff who understands evolving rules and regulations; can track a galaxy of filing deadlines and notices; and understands how your company growth changes tax obligations.
Accounting Today
APRIL 25, 2024
Firms must transform their business models to afford the cost of multilayered retention strategies, a new report by the Pennsylvania Institute of CPAs says.
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Going Concern
APRIL 25, 2024
As of April 11 of this year, if a foreigner wants a Skilled Worker visa to work in the UK they must earn a minimum of £38,700 (about $48k USD), up from the prior minimum of £26,200, unless the work falls under a small category of jobs on the shortage occupation list like health and care workers, graphic designers (take that, Canva), and veterinarians.
CPA Practice
APRIL 25, 2024
By Sarah Lynch, Inc. (TNS) Family businesses are gearing up for growth. Seventy-four percent of U.S. family businesses are anticipating at least 10 percent growth this year, according to newly released data from Family Enterprise USA, a nonprofit and advocacy group that promotes family businesses. While the organization’s full report—the Annual Family Business Survey—has not yet been released, the organization shared that these growth expectations mark a “significant jump from the prior year.
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.
Insightful Accountant
APRIL 25, 2024
Insightful Accountant is looking for a few Good ProAdvisors who want to contribute an analysis of apps we intend to compare. Do you like to review apps, more importantly, do you regularly work with a few great apps, you might be our Pros.
CPA Practice
APRIL 25, 2024
The Department of Treasury and Internal Revenue Service have issued final regulations describing rules and definitions for the transfer of eligible credits in a taxable year, including specific rules for partnerships and S corporations. The Inflation Reduction Act and the Creating Helpful Incentives to Produce Semiconductors act (CHIPs) enable taxpayers to take advantage of certain manufacturing investment, clean energy investment and production tax credits through elective pay or transfer provi
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
APRIL 25, 2024
While an overwhelming majority of accounting professionals have a strong desire to stay at their current firm in the next five to 10 years, according to a new report released on Thursday by the Pennsylvania Institute of CPAs (PICPA), CPAs are still leaving in droves for greener pastures—whether to another firm or opportunities outside of the profession.
AccountingDepartment
APRIL 25, 2024
When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas.
Accounting Today
APRIL 25, 2024
The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.
Xero
APRIL 25, 2024
Nothing beats an in-person event. Especially one like Accountex, where the curated speakers, exhibits, and masterclasses mean you can build both your knowledge and industry friendships – all in one place. This year, we’re bringing our popular masterclasses back, along with a whole team of Xero experts to help you cultivate an efficient and rewarding practice.
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.
Accounting Today
APRIL 25, 2024
An overwhelming 77% of registered voters in the seven states that will decide the 2024 presidential election like the idea of a billionaires tax to bolster Social Security shortfalls.
CPA Practice
APRIL 25, 2024
By Jason Green, Silicon Valley, San Jose, Calif. (TNS) A former accountant for a Richmond, CA-based paving company is facing allegations she embezzled more than $800,000 from the firm, according to prosecutors. Angela Fae Brown, 53, of Olivehurst, CA, is charged with embezzlement, money laundering, identity theft, and tax evasion, the Contra Costa County District Attorney’s Office said in a news release.
Accounting Today
APRIL 25, 2024
Regulators, investors and the public are demanding ever greater tax transparency, and companies must navigate evolving, complex reporting requirements around the globe.
CPA Practice
APRIL 25, 2024
To kick off the 2024 Project and address the pressing challenges of recruiting, retaining, and promoting women in the accounting profession, the Accounting MOVE Project is thrilled to announce its upcoming MOVE Mini Summit. Sessions will be delivered via the CPA Academy at 10 a.m. EDT daily on May 6, 7, 9 and 10. The innovative virtual event aims to empower accounting firm leaders with strategies to support the advancement of women and people of color in their organizations.
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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.
Accounting Today
APRIL 25, 2024
A recent experiment tested different generative AI models against each other on the CPA Exam and found they each have their own strengths and weaknesses.
Withum
APRIL 25, 2024
Many clients tell me that a problem they have with tax season is getting everything together and they wish they were better organized. Here are some easy ways to become better organized and also become more aware of your tax and financial situation. Collect Tax Data Tax information comes up all year long, not just during the filing season when you receive the 1099s, K-1s, W-2s and all the other data you need.
Accounting Today
APRIL 25, 2024
Sens. Cassidy and Warren teamed up to introduce legislation aimed at making math error notices from the IRS easier to understand.
Summit CPA
APRIL 25, 2024
The pandemic was a challenging time for businesses, as companies were forced to adapt to a turbulent market, an unstable supply chain, and a remote work environment that was new to many. It also ushered in some positive changes in the workforce, including a steady rise in employment for people with disabilities. This shift is primarily due to the increase in remote work.
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
Accounting Today
APRIL 25, 2024
Optimizing your presence online can maximize the reach of your client advisory services practice — and all your other practices, as well.
Accounting Insight
APRIL 25, 2024
One of the fastest growing UK companies of 2024, cloud accounting software developer iplicit , announces its collaboration with Konnekt365 , a leading mobile app developer, to introduce a new student expenses solution for expense claims – ‘Student Expenses’. The ‘Student Expenses’ app is designed to seamlessly integrate with finance disruptor iplicit’s award-winning cloud accounting software, offering a simplified solution for expense claims made within some 600 student unions in the UK.
Accounting Today
APRIL 25, 2024
Cum-Ex was a tax-driven trading strategy in which a global network of bankers, lawyers and agents exploited loopholes on dividend payout laws across Europe to reap duplicate tax refunds.
CPA Practice
APRIL 25, 2024
A majority of companies (72%) either track or set aside fixed retention payments to encourage employees to remain at the company during or after an acquisition is completed, according to a survey by advisory, broking and solutions company WTW. C-suite executives and their direct reports are more likely to be offered retention agreements than other salaried employees.
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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.
ThomsonReuters
APRIL 25, 2024
As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. That’s why it’s important to have a thorough understanding of the tax implications, contribution limits, and distribution rules associated with various retirement accounts, including 401(k)s, IRAs (Traditional and Roth), and pension plans.
CPA Practice
APRIL 25, 2024
By Prashant Gopal Bloomberg News (via TNS) Mortgage rates in the U.S. increased for a fourth straight week. The average for a 30-year, fixed loan was 7.17%, up from 7.1% last week, Freddie Mac said in a statement Thursday. House hunters looking to land a deal during the typically busy spring season are having to dig deeper to afford a purchase. Borrowing costs have climbed fairly steadily since the beginning of the year, and a shortage of listings is pushing up prices in most areas of the countr
ThomsonReuters
APRIL 25, 2024
As an accountant, your clients look to you for retirement advice, including tax considerations for IRA plans, the tax benefits of different IRA types, taxes on IRA contributions and withdrawals, and inheritance-related topics. Below are some commonly asked questions on IRA tax considerations so you can optimize retirement strategies and provide personalized advice to your clients.
CPA Practice
APRIL 25, 2024
By Eduardo Castillo, The Wichita Eagle (TNS) A Kansas accountant has been accused of defrauding a business client and using the client’s money to build himself a home, federal prosecutors said. Quintin Flanagin, 43, of Colby, is a certified public accountant and is part owner of Williams Consulting, a Colby accounting firm. Flanagin was charged with seven counts of wire fraud, four counts of bank fraud, two counts of false statements and six counts of money laundering, a news release from U.S.
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.
ThomsonReuters
APRIL 25, 2024
When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. Let’s take a look at some commonly asked questions and answers on 401(k) tax considerations for contributions and withdrawals. Jump to: Is a 401(k) pre-tax?
CPA Practice
APRIL 25, 2024
Content and technology company Thomson Reuters is expanding access to the power of generative AI (GenAI) with the launch of Checkpoint Edge with CoCounsel to help redefine how professionals perform tax research. The enhanced solution is built on Amazon Web Services (AWS) and delivers a GenAI assistant to tax professionals, enabling them to quickly get answers to complex research questions, saving them time and increasing their efficiency.
ThomsonReuters
APRIL 25, 2024
When filing tax returns, it’s important to report all income sources accurately. For accountants, you must also remind your clients that early distributions from qualified retirement plans or other tax-favored accounts may incur penalties and trigger the need to file Form 5329 – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.
CPA Practice
APRIL 25, 2024
Thomson Reuters, a global content and technology company, has launched an expanded vision for CoCounsel, its professional-grade GenAI assistant. CoCounsel will unify the entire customer experience and give customers a new way to access Thomson Reuters product capabilities through a single GenAI assistant with applications across Legal, Tax, Risk & Fraud, and Media.
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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.
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