Shay CPA
FEBRUARY 21, 2024
The Financial Crimes Enforcement Network (FinCEN) wants to know who’s pulling the strings at companies operating in the U.S. As a result, they’ve instituted a new filing requirement. Starting January 2024 (read: this already applies), the vast majority of companies operating across the country need to submit an annual report called Beneficial Ownership Information (BOI).
Accounting Today
FEBRUARY 21, 2024
While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.
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Withum
FEBRUARY 21, 2024
The new beneficial ownership reporting under the Corporate Transparency Act was signed into law on January 1, 2021 and took effect on January 1, 2024. Many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a division of the US Treasury Department, as part of an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activi
Accounting Today
FEBRUARY 21, 2024
The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.
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.
Withum
FEBRUARY 21, 2024
Withum is excited to share that USA TODAY and Statista named the Firm on the list of America’s Most Recommended Tax and Accounting Firms 2024. For the first time, USA TODAY and Statista awarded the titles of “America’s Most Recommended Tax Firms” and “America’s Most Recommended Accounting Firms” through an independent survey based on the number of recommendations received from peers, clients and additional company data.
Accounting Today
FEBRUARY 21, 2024
The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
FEBRUARY 21, 2024
The Public Company Accounting Oversight Board levied a $2 million fine against WithumSmith+Brown for violating quality control rules.
CPA Practice
FEBRUARY 21, 2024
Interest rates will remain the same for the calendar quarter beginning on April 1, the IRS said on Wednesday. The interest rate for tax overpayments and underpayments for individuals will be 8% per year and 7% for corporations, compounded daily. Interest rates have stayed at their current levels since the fourth quarter of 2023 , when they increased from 7% for individuals and 6% for corporations.
Insightful Accountant
FEBRUARY 21, 2024
Practitioners often overlook SALT law changes unless specialized, but clients expect awareness. State nexus laws are crucial in tax advisory. Even without sales tax services, SALT law changes can signal nexus impacts.
Accounting Today
FEBRUARY 21, 2024
A recent survey of accountants shows professionals admitting to mistakes at a rate between several per week to several per month.
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AccountingDepartment
FEBRUARY 21, 2024
In the modern business landscape, data is power. For business owners, entrepreneurs, and CEOs, QuickBooks stands as a beacon, illuminating the path with insightful dashboards that transform raw financial data into strategic insights. The mere mention of 'dashboard' may conjure images of speedometers and gauges, which is apt considering QuickBooks dashboards are designed to keep your finger on the pulse of your business functions.
GrowthForceBlog
FEBRUARY 21, 2024
7 min read In the AEC (Architecture, Engineering, and Construction) industry, the core function of your business is a far cry from bookkeeping and accounting. Key Takeaways What Is Intacct Software: Sage Intacct is a leading accounting software solution that was developed specifically to accommodate the needs of fast-growing and mid-market businesses… Set up Multidimensional Accounting: Sage's multidimensional accounting allows users to create unique tags to track costs and expenses with persona
Patriot Software
FEBRUARY 21, 2024
There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more. Do you need to hire a tax lawyer for your business? Learn what tax attorneys do, when hiring one makes sense, and more.
CPA Practice
FEBRUARY 21, 2024
More than 20 of the accounting profession’s thought leaders convened in Dallas on February 20, 2024, for three days of discussions and panels focused on the key trends and most significant challenges currently faced by professionals and firms, as well as emerging issues that are likely to shape firms in the near future. Ed Kless. The initial discussion topic focused on how human nature is to adapt to overcome constraints on resources.
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.
Accounting Today
FEBRUARY 21, 2024
The decades-old global consensus that's allowed e-commerce and a growing tidal wave of data to cross borders without tolls is at risk of falling apart.
Going Concern
FEBRUARY 21, 2024
So apparently ChatGPT went psychotic some time yesterday with multiple users on r/chatgpt reporting issues ranging from entertaining to terrifying. The incident is a reminder to not blindly rely on the output of LLMs because like us, sometimes they just go off the rails. Yo, Gpt4 just went full hallucination mode on me, hasn’t really every happened to me this severely since the early days of gpt3 by u/cbrules3033 in ChatGPT For some reason the innocuous phrase Happy listening [music emoji]
Accounting Today
FEBRUARY 21, 2024
The Securities and Exchange Board of India found that about 20 billion rupees may have been diverted from the entertainment company.
Menzies
FEBRUARY 21, 2024
Menzies LLP - A leading chartered accountancy firm. Companies House will increase its fees from 1 May 2024, with Companies House noting that the changes are being made to “bring them in line with the costs of providing our service”. The fees are being increased to bring them in line with the costs of providing their service and new powers introduced under the Economic Crime and Corporate Transparency Act.
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.
Accounting Today
FEBRUARY 21, 2024
Acquirers are very selective because so many firms are looking for a deal.
Insightful Accountant
FEBRUARY 21, 2024
Gary and Jeff Bartsch, the Founder of Story Greenlight, share valuable insights on the significance of being a "thought leader" in the accounting industry.
Ryan Lazanis
FEBRUARY 21, 2024
It's important to know what your competitors are up to. But let's discuss why you should focus on your own personal growth instead. The post Ignore Your Competitors (Kinda) appeared first on Future Firm.
Insightful Accountant
FEBRUARY 21, 2024
SunshowerOnline, a Melbourne Australia family-owned business is using NetSuite to their customers garden projects to life.
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 Practice
FEBRUARY 21, 2024
By Erin Slowey, Bloomberg News (TNS) The IRS is bringing the hammer down on the ultra-wealthy’s abuse of tax breaks on the use of corporate jets. The agency will begin three to four dozen new audits this spring to parse through situations where inappropriate deductions were made and where personal travel by jet wasn’t logged as income. While the cost of using a corporate aircraft is generally deductible for business purposes, some have blurred the lines between business and personal travel to ge
Summit CPA
FEBRUARY 21, 2024
Free Webinar: Dominate Your Social Media Strategy with Your Agency Evangelists, March 21st at 1pm ET
FraudFiles
FEBRUARY 21, 2024
In high net worth divorce cases, there are often large volumes of data. The lifestyle analysis will rely on a detailed examination of bank, credit card, and investment statements. High levels of spending mean a large amount of data. In this video, Tracy explains how to manage and accurately evaluate the data.
CPA Practice
FEBRUARY 21, 2024
By Matt Durr, mlive.com (TNS) IRS Commissioner Daniel Werfel says millions of parents in America don’t need to wait to file their 2024 tax return due to a possible increase in refundable value of the Child Tax Credit. Earlier this month, the House passed the Tax Relief for American Families and Workers Act and sent the bill to the Senate for possible approval.
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
Accounting Today
FEBRUARY 21, 2024
The president's son's lawyers filed a flurry of motions in the federal court seeking to have the tax charges dismissed.
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