KROST

JANUARY 9, 2024

The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. In this article, we will examine the multifaceted influence of AI on the daily activities of Certified Public Accountants (CPAs). Many have used or at least heard of Read the full article.

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TaxConnex

JANUARY 9, 2024

We are excited to announce the completion of our fourth annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax.

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Sales Tax Education audit 264

Withum

JANUARY 9, 2024

Many questions have surfaced amongst auto dealerships regarding seller and transfer reports and how to properly report them on the IRS Energy Credit Online Portal. While the roll-out of the portal has been bumpy, the Internal Revenue Service (“IRS”) is working through the problem areas as they are presented. The updated IRS guidance regarding these items as of January 8, 2024, is highlighted below.

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income tax Sales tax return Tax 126

Accounting Today

JANUARY 9, 2024

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD's tax changes, according to a new survey by EY.

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Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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CPA Practice

JANUARY 9, 2024

By Shane Westra. In recent years, the integration of Artificial Intelligence (AI) and Machine Learning into accounting firms has been on the rise, bringing both opportunities and challenges. As these technologies become more embedded in daily operations, it is crucial to keep a balanced perspective, particularly regarding the security of sensitive data.

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accounting firms accountant accounted Account 122

Going Concern

JANUARY 9, 2024

In September we were tipped to a developing situation at US mid-tier audit firms in which said firms started shuttering their public company audit practices. Why? Well, some people might suggest regulatory burden and the prospect of getting fined by the PCAOB for anything from failing to file the right form on time to farting too loudly in the audit room (we haven’t gotten that one…yet).

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Insightful Accountant

JANUARY 9, 2024

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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quickbooks 111

CPA Practice

JANUARY 9, 2024

The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the 12th and largest group to date to complete its award-winning Mary T. Washington Wylie Internship Preparation Program. This competitive program is renowned for preparing promising Illinois-based racial and ethnic minority college students interested in pursuing careers in accounting with the skills needed to obtain their first accounting positions and ultimately pursue the certified public

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Accounting Today

JANUARY 9, 2024

The deadline for submissions for Accounting Today's Top New Products list for 2023 has been extended to Tuesday the 16th

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accountant accounted Account Technology 122

CPA Practice

JANUARY 9, 2024

FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology. FreshBooks consolidates accounting, billing, payments, and payroll tools, allowing customers to effortlessly oversee their entire businesses health from one comprehensive platform.

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payroll bookkeeping Technology accounting software 115

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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

Accounting Today

JANUARY 9, 2024

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

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CPA Practice

JANUARY 9, 2024

By Giles Pearson. A recent survey found a whopping 70% of job applicants admit to lying on their resumes. Talk about a resume minefield. Resumes have always been flawed filters that don’t guarantee if someone can actually do the job. As a former PwC partner who hired many staff accountants, I found several candidates lacked expected skills even with fancy resumes.

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Accounting Today

JANUARY 9, 2024

The state that imposes the most on residents has an individual income tax burden of 4.72%.

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income tax Tax 131

CPA Practice

JANUARY 9, 2024

With the 2024 filing season right around the corner , the IRS is alerting tax professionals about a new round of email schemes in which cybercriminals pose as potential clients looking for tax help. Previously, the IRS has seen a surge in these “new client” scams during tax season where identity thieves target accounting and tax preparation firms with fake emails.

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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.

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ThomsonReuters

JANUARY 9, 2024

Jump to: Harnessing technology will be central to managing 2024 GMT requirements efficiently Data will be at the crux of everything for GMT in 2024 Securing tech and skills investment will require a powerful business case Global minimum tax in 2024 and beyond In 2024, the new Global Minimum Tax (GMT) regime comes into force under the OECD’s base erosion and profit-shifting (BEPS) reforms.

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Technology Tax income tax Legal 88

Accounting Today

JANUARY 9, 2024

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

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audit New York Technology 95

CPA Practice

JANUARY 9, 2024

What will 2024 bring when it comes to managing tax and reporting processes? Several of the experts at Avalara, Inc. , have shared their top tax and technology predictions, and explore how the intersection of automation and artificial intelligence will continue to impact tax compliance, how economic and market factors will affect growth across global business segments, and more.

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Insightful Accountant

JANUARY 9, 2024

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

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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.

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Accounting Today

JANUARY 9, 2024

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

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audit auditor Account accounted 81

Insightful Accountant

JANUARY 9, 2024

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

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Tax 98

Mark Lee

JANUARY 9, 2024

There’s a simple equation: More leads = more clients = more fees = more profits. At least that’s the theory. For the equation to work the leads we generate need to be those we want. Typically that means people who need and can afford our services; and who are the type of people who we would be happy to have as clients. Generating the wrong leads ends up being rather frustrating.

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CPA Practice

JANUARY 9, 2024

The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has released new Global Internal Audit Standards. The new standards impact businesses of all sizes, industries, and geographic regions. They were designed to help internal auditors – and their organizations – respond better to today’s complex and rapidly changing business environment.

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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

Anders CPA

JANUARY 9, 2024

The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) has specific requirements for financial institutions with over $500 million or $1 billion in assets. The measurement date for which these additional requirements become effective is the first day of the fiscal year after the applicable threshold has been crossed. FDICIA applies to individually chartered institutions.

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CPA Practice

JANUARY 9, 2024

If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. That may not sound like a significant percentage. But could you afford to lose more than one-quarter of the best players on your team, especially during tax season?

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cpa firm CPA accounting and finance Finance 64

Accounting Seed

JANUARY 9, 2024

As you step into 2024, you’ve got goals for your company—goals like growing more, serving your clients better, or maybe making a bigger impact. The hard truth? You can’t reach major business milestones if your accounting processes and technologies are outdated. We’re here to help. Here are the top 5 tips for better accounting processes in 2024, and the ways Accounting Seed on Salesforce can support you along the way.

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accountant accounted Account Technology 59

CPA Practice

JANUARY 9, 2024

Top 25 accounting firm Citrin Cooperman has acquired Coleman Huntoon & Brown (CH&B) PLLC, a Chapel Hill, NC-based tax, accounting, and business consulting firm. Financial terms of the deal weren’t disclosed. CH&B joins Citrin Cooperman with more than 20 employees and more than $7 million in revenue. The New York-based firm also picks up its first office location in the Carolinas as part of the acquisition.

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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.

Accounting Insight

JANUARY 9, 2024

Imagine waking up tomorrow with a clean slate. No predefined roles, no expectations, and no well-trodden path to follow. Ask yourself – in that liberated state, what would you truly want to do?In the hum of our daily lives, most of us are ensnared in routines, often forgetting the dreams we once harboured. We’re playing roles, ticking boxes, and quite frankly, many of us are simply going through the motions.

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Entertainment accountant accounted Account 59

CPA Practice

JANUARY 9, 2024

Centri Business Consulting, LLC has secured a growth capital facility from Fulton Bank, a subsidiary of Fulton Financial Corporation. Centri’s acquisition of a multi-million-dollar growth capital facility underscores the firm’s ongoing commitment to executing its short and long-term strategic growth plans. With this facility secured, Centri is poised to expand its footprint in existing target markets by expediting the establishment of new offices nationwide.

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Accounting Today

JANUARY 9, 2024

From estate, gift and trust work to Social Security maximization and charitable planning, there are a host of offerings firms can work on once the tax return is finished.

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Tax tax return tax planning accounting firms 61

Anders CPA

JANUARY 9, 2024

Access the 2024 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits and more, including: Estate tax and lifetime gift tax exemption increase to $13,6100,000 Retirement account transfer limit increase to $7,000 Standard deduction increases View the 2024 Anders Tax Pocket Guide. Contact an Anders advisor below to learn how these rates affect you and your business.

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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.