AccountingDepartment
JANUARY 10, 2024
Business growth is a key objective of any entrepreneur, but it is not always easy to achieve. There are many components, including having the appropriate financial infrastructure in place. This is where outsourced client accounting services come in.
BurklandAssociates
JANUARY 10, 2024
In the realm of high-growth, venture-funded startups, the C-Corp reigns supreme. This article explains five reasons why. The post Why Are Most High-Growth Startups C-Corps? appeared first on Burkland.
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Accounting Today
JANUARY 10, 2024
The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.
Going Concern
JANUARY 10, 2024
That’s according to preliminary results from the CPA Trendlines Outlook 2024 Emerging Issues, Opportunities and Trends survey which you can take here. While this may seem like a scary statistic on its face, perhaps it’s a good thing. CPA Trendlines says it’s a “big ouch” for firms putting in work (and marketing costs) into bringing clients in only to have to turn them away.
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.
Accounting Today
JANUARY 10, 2024
The global 15% minimum tax will deliver a significant boost to government revenues and reshape the landscape for multinationals that shift profits around the world.
Insightful Accountant
JANUARY 10, 2024
After a break with too many desserts and not enough gifts, it's time to get back to work. Instead of focusing on losing weight or setting a budget, let's concentrate on helping teams and clients prosper. Take action with these four growth strategies.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JANUARY 10, 2024
Lost in the holiday hubbub was an announcement from BDO USA that it had promoted 60 professionals to principal, the first such milestone since the top six accounting firm ditched the traditional accounting firm partnership model to become a professional services corporation last July. “Congratulations to each of the new principals on this significant milestone,” BDO USA CEO Wayne Berson said in a statement.
Accounting Today
JANUARY 10, 2024
Jack Fisher, 71, pioneered an industry that gave inflated tax deductions to syndicates of investors who promised not to develop land.
Cherry Bekaert
JANUARY 10, 2024
The Internal Revenue Service (IRS) issued proposed regulations for two Inflation Reduction Act (IRA) provisions at the end of 2023. Additionally, the IRS opened access to the pre-filing registration tool for taxpayers and tax-exempt entities looking to monetize IRA and Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act related eligible tax credits.
Summit CPA
JANUARY 10, 2024
As a business owner looking to scale your company, it's easy to assume that today's technological advances will ensure your enterprise's longevity. With the volume of new, ever-evolving software regularly thrust in our faces, it's hard not to be tempted to try the latest applications that promise results. However, you don't have to turn to the newest digital platform to take your company to the next level.
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.
GrowthForceBlog
JANUARY 10, 2024
6 min read Nearly 60% of businesses look to outsourcing as a strategy for lowering costs. Outsourcing is also a solution for accessing industry or departmental expertise while also mitigating staffing and employee retention problems.
Accounting Today
JANUARY 10, 2024
The Washington, D.C., Attorney General's office accused the tax prep chain of illegally overcharged thousands of residents and misleading consumers.
CPA Practice
JANUARY 10, 2024
The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. From W-2Gs to 1099-Ks, the IRS reporting requirements leave much confusion. That’s why the deep expertise of Zachary Zimbile offers such a valuable perspective.
Accounting Today
JANUARY 10, 2024
The AICPA & CIMA have begun accepting nominations for their EDGE in Teaching Awards and Distinguished Achievement in Accounting Education Awards.
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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.
SkagitCountyTaxServices
JANUARY 10, 2024
Now that we’re a week into the new year, all of last year’s broken things in your Skagit County biz have likely smacked you in the face a few times. Sadly, they didn’t magically get fixed while you were cleaning up wrapping paper and sneaking another sugar cookie. But it’s a new year, so why not make plans now to fix a few of those pain points? I’ve seen some pretty good — and really bad — new year’s resolutions from business owners over the years.
Accounting Today
JANUARY 10, 2024
The Illinois CPA Society and its affiliated CPA Endowment Fund of Illinois recognized the 12th and largest group of young people to date to complete its Mary T. Washington Wylie Internship Preparation Program.
CPA Practice
JANUARY 10, 2024
At the end of fiscal year 2023, nearly half a million taxpayers with cases pending in the IRS’s Identity Theft Victims Assistance (IDTVA) unit were waiting an average of almost 19 months for the agency to process their tax returns and send them their refunds, according to National Taxpayer Advocate Erin Collins. Erin Collins “I’ll restate that for emphasis: Victims of identity theft have to wait more than a year and a half for the IRS to resolve their cases and receive the monies they are owed,”
Accounting Today
JANUARY 10, 2024
In this month's cybersecurity for CPAs, we look at a small firm whose cybersecurity was not keeping up with the times.
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
Going Concern
JANUARY 10, 2024
Today in clients behaving badly, the DoJ announced Friday that Las Vegas restaurateur Raul Gil, who owns and operates three Casa Don Juan restaurants in the city, is headed to prison for 37 months for evading his federal income taxes. According to court documents and statements made in court, Gil instructed his manager and internal bookkeeper to create false sales numbers for his restaurants that underreported cash sales by approximately $5.1 million.
Accounting Today
JANUARY 10, 2024
Plus, more 'best of' lists, talking to ChatGPT, and other things that happened in technology this past month.
CPA Practice
JANUARY 10, 2024
National Taxpayer Advocate Erin M. Collins released her 2023 Annual Report to Congress on January 10, describing 2023 as a year of “extraordinary transition for the IRS and therefore for taxpayers.” The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness.
Accounting Today
JANUARY 10, 2024
Governor Kathy Hochul called for a new tax break to promote affordable housing and increase support for fighting crime in New York City.
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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.
CPA Practice
JANUARY 10, 2024
The Financial Accounting Standards Board ( FASB ) has announced the appointment of six new members to its Not-for-Profit Advisory Committee ( NAC ), effective January 1, 2024. The NAC serves as a standing resource for the FASB. Its role is to obtain input from the not-for-profit sector on existing financial reporting guidance, current and proposed technical agenda projects, and longer term or pervasive financial reporting matters affecting those organizations.
FraudFiles
JANUARY 10, 2024
Farmasi was founded in 1950 and currently sells internationally. The company focuses on skin care and makeup products, but also has hair care, nutrition, and home care products. Farmasi Income Statement Disclosure 2020 Farmasi Income Statement Disclosure 2021 Farmasi Income Statement Disclosure 2022 If you have any income disclosure statements to add to the above, [.
Ryan Lazanis
JANUARY 10, 2024
How others perceive you and your firm can be impacted by your choice of words. Discover which words you should and shouldn't use. The post Your Words Matter appeared first on Future Firm.
CPA Practice
JANUARY 10, 2024
Top 30 accounting firm PKF O’Connor Davies has acquired Silver Springs, MD-based Robert Philipson & Co., an accounting, tax, and management advisory firm that specializes in serving private clients through sophisticated tax services. Financial terms of the deal, which became official on Jan. 1., weren’t disclosed. Managing Partner Richard Philipson, partners Samuel Philipson and Diane Porter, and the firm’s employees joined the staff of PKF O’Connor Davies last week and remain in their curre
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.
Insightful Accountant
JANUARY 10, 2024
Cryptocurrency is continually evolving, that's why you need an expert who can not only understand the landscape but anticipate where it’s heading. Check out the archive of January 2023's Crypto 101 for Accountants and Bookkeepers webinar to find out!
CPA Practice
JANUARY 10, 2024
By Vildana Hajric and Katie Greifeld, Bloomberg News (TNS) U.S. regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. The Securities and Exchange Commission, whose three-part mandate includes investor protection, authorized 11 funds to begin trading Thursday.
Insightful Accountant
JANUARY 10, 2024
Esther is the "go to" person for Multicurrency in QuickBooks and has "written the book", literally, on Multicurrency in QuickBooks Desktop. Check out the archive of January 2023's Multicurrency In QuickBooks Desktop webinar to find out more!
ThomsonReuters
JANUARY 10, 2024
Jump to: Optimize your strategy with client service automation Leveraging AI for predictive analytics Effective client communication Enhancing data accuracy and compliance for clients Navigating the future of tax automation By leveraging technology, tax firms can streamline their processes, enhance accuracy, and provide clients with a more personalized and efficient experience.
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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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