Mark Lee

JANUARY 30, 2024

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category. And, over the years, I have witnessed and heard from hundreds who have concluded that social media doesn’t work for them.

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TaxConnex

JANUARY 30, 2024

Every now and then something comes along that transforms sales tax. The 2018 Wayfair decision was such a milestone. Another was the advent of the likes of marketplace facilitators such as Amazon, Etsy and eBay, among others. States’ definitions of a “marketplace facilitator” vary almost as much as states’ sales tax laws themselves. Generally, a marketplace facilitator is a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail

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BurklandAssociates

JANUARY 30, 2024

Are you undervaluing your SaaS startup by following an ARR formula better suited for more mature companies? The post The Nuances of Measuring ARR at Early-Stage SaaS Startups appeared first on Burkland.

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CPA Practice

JANUARY 30, 2024

According to the Paychex Small Business Employment Watch, January marks the 34th consecutive month of job growth for U.S. small businesses. Wage growth for workers continues to stabilize in the new year with hourly earnings growth remaining essentially unchanged since November at 3.47%. “As we begin 2024, job growth in small businesses is continuing at a steady pace,” says John Gibson , Paychex president and CEO.

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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

Going Concern

JANUARY 30, 2024

Just when you think “hacker” stock photos couldn’t get any dumber. This is not a practical outfit for hacking activities, come on. Without bothering to search our archive of 16,000+ posts published since 2009, it’s a safe guess that we’ve never written about (revenue >$5 million) of Scottsdale, Arizona. But we are today!

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accounting firms accountant Account accounted 111

Accounting Today

JANUARY 30, 2024

With the agency touting improved service and response times, tax practitioners are acknowledging the gains, but still see room for more.

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Tax 129

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions. Cherry Bekaert’s government contracting consulting team has years of CAS experience and can help you navigate CAS compliance issues or disclosure statement development.

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Insightful Accountant

JANUARY 30, 2024

During the 2nd-day of their 2024 Summit, Acumatica announced the event’s date and location for 2025. They also premiere new features and functionalities that will be implemented with their 2024R1 and R2 updates.

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CPA Practice

JANUARY 30, 2024

Syracuse, NY-based accounting firm Bowers CPAs & Advisors has expanded its presence in Rochester after combining with Kasperski Dinan & Rink CPAs on Jan. 1. Financial terms of the deal weren’t disclosed. In a news release, Bowers’ Managing Partners Mike D’Avirro and Carl Austin said in a joint statement, “This strategic collaboration marks a significant milestone in our journey, combining both firms’ strengths, expertise, and resources.

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Accounting Today

JANUARY 30, 2024

Accountants and tax pros need to take steps to protect themselves as they start the countdown to April 15.

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Tax accountant Account accounted 126

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

Xero

JANUARY 30, 2024

Australia’s current property market presents both challenges and opportunities, with changing tenancy rules and rental controls, and the impact of interest rates and cost of living pressures. It’s a complex outlook, but property investment is a marathon swim, not a quick body surf to shore. Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment.

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accountant Account accounted accounting and finance 90

Accounting Today

JANUARY 30, 2024

A recent survey has found that, despite an increasingly data-driven business world, 42% of finance leaders don't completely trust data from their own organizations.

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Xero

JANUARY 30, 2024

I’m proud to announce that Xero has signed the Armed Forces Covenant , formalising its commitment to supporting military veterans and their families in the workforce. The Armed Forces Covenant is a promise by the nation ensuring that those who serve or have served in the UK Armed Forces, and their families, are treated fairly. Xero’s Veterans Employee Resource Group (ERG) marked the signing by hosting an event in our London office this week.

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Accounting Today

JANUARY 30, 2024

The Internal Revenue Service has lifted the moratorium on processing applications to become an Acceptance Agent to help immigrants who need an Individual Taxpayer identification Number to file a tax return or be claimed as a dependent.

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tax return Tax income tax 84

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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.

financial statements

CPA Practice

JANUARY 30, 2024

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. This year’s case challenged teams to provide advice on how to structure a new business entity and help determine whether they should operate the venture as an S corporation or a C corporation.

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Accounting Today

JANUARY 30, 2024

The city's department of finance audited Signature after the bank shuttered in March and found tax deficiencies for years 2015 through 2021 related to unreported income allocation and adjustments to investment and capital income.

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Tax audit Finance 84

CPA Practice

JANUARY 30, 2024

U.S. sales tax rate changes reached a 10-year high in 2023, proving once again that it will be challenging for businesses to meet their ever changing compliance obligations. This is according to data in the 2023 End-of-Year Sales Tax Rates and Rules report, which is conducted annually by Vertex a provider of tax technology solutions. In 2023, businesses faced 444 sales tax rate changes spanning state, county, city and district jurisdictions, marking a 17% rise from last year’s combined rate chan

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Accounting Today

JANUARY 30, 2024

The Public Company Accounting Oversight Board staff report offered insights into the PCAOB's inspection program for auditors of broker-dealers and issues with professional skepticism and low-ball fees.

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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

Patriot Software

JANUARY 30, 2024

How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees. And boy, do you have options.

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payroll 72

Accounting Today

JANUARY 30, 2024

An ex-Freshfields Bruckhaus Deringer partner who helped top investment banks navigate the Cum-Ex trading strategy behind Europe's biggest tax scandal was sentenced to three and a half years in prison.

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Tax 75

SkagitCountyTaxServices

JANUARY 30, 2024

It seems business leaders aren’t worried about recession anymore. At least that’s what the annual World Economic Forum decided last week. Economic experts and business leaders are saying that we’re not likely to see a U.S. recession in 2024. The Federal Reserve might lower interest rates soon, and people are feeling more confident about spending money, which is making everyone more hopeful about the economy.

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Start-ups CPA accountant Account 68

Accounting Today

JANUARY 30, 2024

The firm delivered a 4% rise to its 833 U.K. partners, similar to last year's levels, but they remain at the bottom of the pay table.

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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.

Withum

JANUARY 30, 2024

Central bank digital currencies (CBDCs) are a form of digital currency issued by a country’s central bank and have the potential to significantly impact business and reporting in various ways. The value of CBDCs is fixed by the central bank and equivalent to the country’s fiat currency. So, what are the potential benefits of CBDCs? They would provide both households and businesses with financial security, convenience, and accessibility.

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Accounting Today

JANUARY 30, 2024

The international network has signed up five collaborating firms in Argentina, Chile, Colombia and Mexico.

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accounting firms accounted Account accountant 83

CPA Practice

JANUARY 30, 2024

Continuous improvement can save companies 80% of the time spent on certain tasks, but it starts with more than just telling teams to be better. You have to create a culture within your workforce that will continually improve and allow employees to reach their full potential. How do you create a culture that strives for continuous improvement? You need to take meaningful steps to improve, which starts with an environment based on learning.

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accounting firms accountant Account accounted 59

Anders CPA

JANUARY 30, 2024

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule at the end of 2023 that establishes a long-awaited framework for accessing and protecting beneficial ownership information (BOI). This rule – called the “Access Rule” under the Corporate Transparency Act (CTA) – will soon permit financial institutions and other authorized groups to access BOI from a single database.

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Government Legal audit CPA 59

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.

CPA Practice

JANUARY 30, 2024

Business solutions provider Acumatica recently highlighted current capabilities enabling mid-market businesses to grow, scale and drive efficiencies. The company previewed new features and capabilities that will launch in the 2024 R1 product release – with the beta of 2024 R1 now available to Acumatica customers. The company also demonstrated its new user interface (UI), featuring a new design and controls that enhance usability, deliver unmatched personalization and improve customization.

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Accounting Today

JANUARY 30, 2024

With the Qualified Business Income tax deduction of 20% set to expire in 2025 (unless it's extended), clients who are starting a business may wonder how their choice of entity will impact their QBI deduction and ultimately their bottom line.

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income tax Tax corporation tax 63

Nancy McClelland, LLC

JANUARY 30, 2024

(Many thanks to the AICPA Town Hall for allowing members to leverage their resources, such as the slides included in this article. The opinions shared here are the author’s and not those of AICPA or CPA.com.) Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th.

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Accounting Today

JANUARY 30, 2024

Joshua Beal's DeafTax thrives by serving the hearing-impaired community — as clients and employees

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tax preparation Tax 75

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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.