Accounting Insight

AUGUST 15, 2024

New data from the Chartered Institute of Payroll Professionals (CIPP) and its annual Payslips Statistics Report reveals that employees are keen to have more financial wellbeing support from payroll. This year, the report features two questions from the Money and Pensions Service (MaPS), including the key question on employee financial wellbeing. Financial wellbeing has received increased attention in recent years, compounded by the cost-of-living crisis and inflation pressures.

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payroll accounting and finance Finance accounted 59

TaxConnex

AUGUST 15, 2024

General tax laws are strange. Maybe sales tax laws make more sense? You can be the judge of that. In Florida, you can get a tax break for displaying a cow on your property. You can get a big tax break in New Mexico if you just live to 100. Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes. Some taxes are used to benefit specific groups.

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Sales South Dakota Tax South Carolina 264

Accounting Today

AUGUST 15, 2024

The timing came months before the reports have been released in recent years thanks to ongoing efforts to accelerate the release of reports.

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audit 133

Going Concern

AUGUST 15, 2024

Well, at least it’s not Employee Retention Credits or PPP fraud. Courtesy Chicago’s WGN , the food service director for Harvey School District 152 in the southern burbs pleaded guilty last Friday to stealing $1.5 million of food — mostly chicken wings — under the cover of providing meals to students learning remotely at the height of COVID.

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audit 115

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.

Finance

Accounting Today

AUGUST 15, 2024

Organizations looking to claim elective pay for 2023 projects should complete the process in advance, the agency recommends.

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Tax 124

CPA Practice

AUGUST 15, 2024

For a limited time, businesses that incorrectly claimed the pandemic-era Employee Retention Credit (ERC) can voluntarily return the refunds they received without having to pay any penalties or interest—or worry about being audited. The IRS announced on Aug. 15 that it’s reopening the voluntary disclosure program through Nov. 22, and those businesses that apply for and are accepted into the program have to repay 85% of the tax credit back to the agency.

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audit Tax tax preparation payroll 105

Summit CPA

AUGUST 15, 2024

As a business owner , you probably have a destination in mind – a certain revenue number, a certain exit date, a certain percentage of growth. That’s the first step in creating a dynamic forecast : to decide where you want to go and how fast you want to get there.

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CPA accountant accounted Account 105

Menzies

AUGUST 15, 2024

Menzies LLP - A leading chartered accountancy firm. Overview HMRC have advised they are currently targeting dog and cat breeders who may have undisclosed income from the breeding and sale of animals. But it’s not just breeding that might cause a tax problem, as pet sitters will also fall onto HMRC’s radar with the introduction of the online platform reporting rules.

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tax return chartered accountant Tax Sales 86

SkagitCountyTaxServices

AUGUST 15, 2024

Adieu, Summer Olympics 2024. Paris 2024 didn’t disappoint. Were you like most of the world in watching? It seems like Americans were glued to all 13 days of nonstop competition both on live TV and through the ever-entertaining athlete social media streams. And speaking of social media, thanks, Olympic committee, for relaxing rules around social media posting which brought us this.

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bookkeeping Account accounted accountant 85

Accounting Today

AUGUST 15, 2024

Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.

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Technology

AccountingDepartment

AUGUST 15, 2024

Accounting is the backbone of any successful business. However, many business owners, in an attempt to save costs, opt for cheaper accounting services. While it might seem like a smart move initially, it can often result in significant expenses down the line. This blog post will help you identify the warning signs that your bargain accounting service might be costing you more than you think.

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Account accounted accountant bookkeeping services 83

GrowthForceBlog

AUGUST 15, 2024

8 min read August 15th, 2024 Over the past few years, there has been a major shakeup in the C-suite, as businesses have increasingly replaced their in-house chief financial officers (CFOs) with outsourced CFO services (also called fractional CFO, interim CFO, virtual CFO, or vCFO services). Between 2021 and 2022 Google searches for "fractional CFO" grew by 535%.

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Withum

AUGUST 15, 2024

The 2024 ACFE Report to the Nations represents the 13th edition of the most extensive global study on occupational fraud. Drawing from 1,921 real cases of occupational fraud across 138 countries and territories, this comprehensive report delves into the intricate web of costs, schemes, victims, and perpetrators associated with fraud. Let’s explore how the pandemic influenced fraud trends and what organizations must consider moving forward.

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Accounting Today

AUGUST 15, 2024

Diya Jolly, chief product and technology officer with Xero, touted its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.

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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.

payroll

Cherry Bekaert

AUGUST 15, 2024

Contributors: Artan Ivezaj and John Ford Purchasing (subcontracting) systems are an essential aspect of government contracting that contractors need to pay attention to. With the increasing number of solicitations and requests for proposals (RFPs), including business system requirements or providing additional points for an offeror with an approved purchasing system, it is crucial for companies to develop a system that complies with the regulations and adequately documents procurements on govern

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Government audit Sales 64

Accounting Today

AUGUST 15, 2024

Two years after a landmark climate law promised to kick-start green hydrogen production with tax credits, companies still don't know who will qualify.

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Tax 60

Withum

AUGUST 15, 2024

As a sector, manufacturing has one of the highest environmental impacts globally. The industry is responsible for about 20% of global emissions and significantly affects other biodiversity, water use, deforestation, and waste, as well as social issues like labor rights and modern slavery. Because of its vast environmental and social impact, the manufacturing industry is more heavily regulated than most other sectors.

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Manufacturing California audit cpa firm 59

Going Concern

AUGUST 15, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164769 Certifications: EA in process Education: BS BA, MBA, MS Accountancy Experience (years): 5+ ye

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Real Estate Account accounted accountant 59

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.

Finance

Withum

AUGUST 15, 2024

Net working capital (NWC) plays a critical role in executing M&A transactions, as it influences the closing purchase price and the transition of operations from seller to buyer. NWC represents the difference between a company’s current assets (e.g., cash, accounts receivable, and inventory) and its current liabilities (e.g., accounts payable, accrued expenses, and short-term debt).

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accounts payable Sales CPA accounted 59

Accounting Today

AUGUST 15, 2024

Gary Shamis traces the evolution of the "Transactional CPA" firm.

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CPA Practice

AUGUST 15, 2024

There are now 16 public accounting firms in the U.S. that surpassed the billion-dollar mark in revenue during their most recent fiscal year, according to the newly released top 500 firms ranking for 2024 from INSIDE Public Accounting. New York City-based CohnReznick joined the “billion-dollar club” with revenue of $1.05 billion. There were 15 firms that surpassed $1 billion of revenue last year.

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accounting firms Account accounted accountant 52

Insightful Accountant

AUGUST 15, 2024

Thanks to our readers, we can now share actual stories of good and bad migrations from QuickBooks Desktop to QuickBooks Online.

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quickbooks 52

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

Summit CPA

AUGUST 15, 2024

Free Webinar: Four Metrics Business Owners Need to be Watching, September 17th at 1pm ET

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Insightful Accountant

AUGUST 15, 2024

Eric Trettel of Sota Bookkeeping in Minneapolis is our featured Top ProAdvisor this week.

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bookkeeping 52

CPA Practice

AUGUST 15, 2024

By Charles E. Ramirez The Detroit News (TNS) A Detroit woman convicted of being an unlicensed accountant and unlicensed real estate agent has been sentenced to two years of probation, officials said. Krystal Davis, 37, was sentenced Tuesday in Wayne County Circuit Court for accounting violations—being an unlicensed certified public accountant and two counts of violating the state occupational code-being an unlicensed real estate agent, the Michigan Attorney General’s Office said.

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Canopy Accounting

AUGUST 15, 2024

Join industry leaders John Mitchell and Darren Root in this exclusive video series as they discuss the evolution of accounting firm management.

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accounting firms Account accountant accounted 52

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

Spend Management

CPA Practice

AUGUST 15, 2024

London-based accounting and payroll solutions company IRIS Software Group has teamed up with fellow London company AccountsIQ, a provider of fully cloud-based accounting software, on an integrated suite of cloud-based payroll, human resources, and finance solutions that enable businesses to streamline operations, facilitate cross-departmental collaboration, and help make data-driven decisions.

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payroll Finance accounting and finance tax return 52

LSLCPAs

AUGUST 15, 2024

As a business owner, you must continuously monitor your business’s financial health. As part of your ongoing profitmaking endeavors, you will work closely with banks and lending institutions who will need to see your financial statements occasionally. A robust, ongoing relationship with your banker will be beneficial when you seek a loan or an independent.

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financial statements cpas Finance Tax 52

Accounting Insight

AUGUST 15, 2024

Introducing Karen Eckstein (LLB, CTA, Cert IRM), a specialist in risk for tax and accountancy professionals and is the founder of Karen Eckstein Ltd. With over 30 years’ experience of defending claims against the profession, Karen works with firms to prevent claims arising and helps them have happy healthy relationships with their clients and to be more profitable.

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CPA Practice

AUGUST 15, 2024

A strategic collaboration between small business financial platform Lili and business decisioning and analytics firm Dun & Bradstreet is centered around helping businesses overcome barriers to accessing credit and capital. “ More than three quarters of small business owners are concerned about their ability to access capital, and hurdles in accessing credit can significantly curtail business growth,” Lili said in a media release about the partnership.

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accounting and finance tax preparation Finance accountant 52

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