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.

payroll 59

payroll accounting and finance Finance Account 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.

Sales 211

Sales South Dakota Tax South Carolina 211

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.

audit 131

audit 131

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.

audit 112

audit 112

Advertisement

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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.

audit 105

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.

CPA 101

CPA Account accountant accounted 101

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.

Account 85

Account accountant accounted bookkeeping services 85

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%.

81

81

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.

bookkeeping 79

bookkeeping Account accountant accounted 79

Accounting Today

AUGUST 15, 2024

Host of problems; comp it; plan to fail; and other highlights of recent tax cases.

Tax 117

Tax tax preparation 117

Advertisement

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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

Government 64

Government audit Sales 64

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.

80

80

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.

Manufacturing 59

Manufacturing California audit cpa firm 59

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.

70

70

Advertisement

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and 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).

accounts payable 59

accounts payable Sales CPA Account 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

Real Estate 57

Real Estate Account accountant accounted 57

Accounting Today

AUGUST 15, 2024

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

Tax 73

Tax 73

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.

accounting firms 52

accounting firms Account accountant accounted 52

Advertisement

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Account

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.

financial statements 52

financial statements cpas Finance Tax 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.

Real Estate 52

Real Estate CPA Michigan tax return 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.

Tax 52

Tax Account accountant accounted 52

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.

accounting and finance 52

accounting and finance tax preparation Finance Account 52

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

KROST

AUGUST 15, 2024

Living and working overseas presents many opportunities and challenges, including navigating the complexities of U.S. tax laws. The IRS Form 2555 is a critical tool that allows U.S. citizens or resident aliens (“green card” holders) living and earning income abroad to manage their tax obligations effectively. This form enables eligible taxpayers to claim the Foreign Read the full article.

Tax 52

Tax Real Estate cpa firm CPA 52

CPA Practice

AUGUST 15, 2024

Top 50 CPA firm Schellman & Co. has added INSYTE CPAs, a Birmingham, AL-based firm whose professionals specialize in risk management, internal control, and business performance. As part of the transaction, INSYTE’s clients and personnel will transition to Tampa, FL-based Schellman. Led by founder and Managing Partner Cindy Wyatt, INSYTE CPAs’ clients include both public and private companies from a variety of industries, including healthcare, banking, insurance, government contractors, and o

cpas 52

cpas Alabama cpa firm Healthcare 52

Anders CPA

AUGUST 15, 2024

How does a 70-year-old PBS station evolve new approaches to public media to remain relevant and impactful even as the media environment around it changes? Through innovative new approaches and a commitment to its community. Nine PBS is a St. Louis cornerstone with a long history of adapting to fit the changing times, and that constant evolution helped it become the most watched PBS station in the country, as a percentage of households watching.

CPA 52

CPA 52

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.

tax return 52

tax return chartered accountant Tax Sales 52

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

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.

accounting firms 52

accounting firms Account accountant accounted 52

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.

Tax 56

Tax 56

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.

quickbooks 52

quickbooks 52

Summit CPA

AUGUST 15, 2024

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

52

52

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

payroll