Cherry Bekaert

JUNE 5, 2024

In response to the talent shortage and the declining number of certified public accountants (CPA) professionals, many corporate accounting departments are relying on professional services firms to fill the gaps. This disruption has caused professional services firms to create different offerings to assist clients, prompting the questions, ‘What does this mean for my company, and how do I determine what I need?

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RogerRossmeisl

JUNE 5, 2024

Occupational fraud isn’t just a financial threat. It can potentially change a business’s reputation, culture and relationships. But before dealing with any larger ramifications of fraud, defrauded companies must first “clean up” the mess. This may include potentially terminating the perpetrator, taking civil action or referring the perpetrator to the police.

CPA 221

CPA 221

Accounting Today

JUNE 5, 2024

The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.

Tax 133

Tax tax return audit Government 133

RogerRossmeisl

JUNE 5, 2024

After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target business is operated as a corporation, partnership or LLC.

Tax 214

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Speaker: Danny Gassaway and Wayne Richards

Finance

CPA Practice

JUNE 5, 2024

By Suzanne Lucas, Inc. (TNS) Everyone says people don’t leave jobs; they leave managers. And yet, managers don’t get the feedback they need to improve, according to a new survey from Gallup. As a result, many think they’re doing a better job than they actually are. Here’s what you need to know—and what you can do about it. Managers and employees don’t see eye to eye Gallup found a disconnect across the board between manager self-perception and employee sentiment: Manager responsiveness “72 per

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RogerRossmeisl

JUNE 5, 2024

Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of these examples, let’s assume that you own the vacant land directly as an individual or indirectly through a single-member LLC (SMLLC), a partnership or a multi-member LLC that’s treated as a partnership for

Tax 187

Tax income tax CPA 187

RogerRossmeisl

JUNE 5, 2024

Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. In some cases, a business may decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making th

CPA 177

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Accounting Today

JUNE 5, 2024

Restocking the accounting profession's talent pipeline is everyone's responsibility, says the National Pipeline Advisory Group.

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accounted Account accountant 124

Going Concern

JUNE 5, 2024

Announced Monday, Deloitte has acquired the assets — including software engineers, developers, and epidemiologists — of a disease surveillance business called CasePointer. If you try to visit CasePointer.com today, you are automatically redirected to Deloitte’s announcement. Said the press release : End Point’s team is one of the premier implementers of EpiTrax, an open-source platform for collecting, organizing and maintaining epidemiological data.

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Government 103

Insightful Accountant

JUNE 5, 2024

Gear up for Scaling New Heights 2024 by taking a look at Nancy's takeaways from last year's Scaling New Heights.

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Technology

Patriot Software

JUNE 5, 2024

One of the first things you do as a business owner is choose a business name. Your business can operate under your legal business name. Or, you can operate your company under a trade name. So, what’s the difference? Read on to learn more about business names vs. trade names and how they contrast.

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Insightful Accountant

JUNE 5, 2024

Intuit has selected customers who display complexity for this new program and you need to be aware of this offering because some of those customers may also be your clients.

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Accounting Today

JUNE 5, 2024

As the profession takes on more and more roles, it's getting harder and harder to define what, exactly, an "accountant" is.

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Account accounted accountant 97

Patriot Software

JUNE 5, 2024

If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances. So if you’re tossing your unopened business bank account statements in a drawer or—worse—the trash, this one’s for you.

Finance 94

Finance accounted Account accountant 94

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

GrowthForceBlog

JUNE 5, 2024

9 min read June 5th, 2024 Every department within a business requires its own leadership. While the CEO (chief executive officer) is in charge of envisioning a future for the company and coming up with a plan to steer it in the right direction, the CFO (chief financial officer leads the financial aspect of the business creating a financial strategy designed to support and fuel the overall business strategy.

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80

Accounting Today

JUNE 5, 2024

The IRS is pushing back filing and payment deadlines for those impacted by last September's storms and flooding.

Massachusetts 78

Massachusetts Tax 78

Withum

JUNE 5, 2024

Measurement is an essential management tool for law firms to monitor performance, manage resources, and highlight areas that need improvement. Utilizing Key Performance Indicators (KPIs) in a law firm is crucial for evaluating performance, profitability, client satisfaction, and overall success. Understanding which attorneys are the most profitable, which matters are the most lucrative, and the cost of acquiring new clients is crucial for making informed business decisions.

Legal 72

Legal 72

Accounting Today

JUNE 5, 2024

The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.

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accounting firms Government Account accounted 75

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

SkagitCountyTaxServices

JUNE 5, 2024

An unfortunate thing about being a business owner sometimes is that you are at the crosshairs of the changing winds of the culture. And these past ten years, the very polarized political environment has put some pressures on businesses to align with different political leanings. While some have capitalized on that and seen some gains (examples: Jeremy’s Razors and Ben & Jerry’s ), backing certain ideals can put business owners like you in a precarious position.

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Technology California CPA 72

Accounting Today

JUNE 5, 2024

The U.S. Fifth Circuit Court of Appeals in New Orleans sided with the private funds industry, which argued that the agency overstepped its authority.

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accountant accounted Account 75

Cherry Bekaert

JUNE 5, 2024

The Securities and Exchange Commission (SEC) implemented new, stricter, and more comprehensive rules related to cybersecurity risk management, strategy, governance, and incident disclosure that took effect in mid-December 2023. The SEC approved the new rule to help enterprises (and comparable private foreign issuers) ensure prompt and accurate incident reporting and improve transparency for company stakeholders.

Legal 69

Legal financial statements auditor Washington 69

Accounting Today

JUNE 5, 2024

A crypto investor known as "Bitcoin Jesus" has been released on bail in Spain, where he faces extradition to the U.S. on tax fraud charges.

Tax 75

Tax 75

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

Insightful Accountant

JUNE 5, 2024

Post-COVID, the freelance economy is booming. Tax pros face challenges managing a mix of employees and contractors. Clients seek help with self-employment taxes, offering growth opportunities for tax professionals.

Tax 59

Tax 59

Accounting Today

JUNE 5, 2024

New York Governor Kathy Hochul is considering delaying a plan to charge motorists driving into midtown Manhattan and potentially replacing it with a tax on New York City businesses.

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New York Tax Transportation 72

CPA Practice

JUNE 5, 2024

Fuel producers that are eligible to claim the Clean Fuel Production Credit starting next year should apply for registration as soon as possible, the IRS said on May 31. “A taxpayer must have a signed registration letter from the Internal Revenue Service dated on or before January 1, 2025, for the taxpayer to be eligible to claim the § 45Z credit for production starting January 1, 2025,” the IRS said in Notice 2024-49 , which was released last Friday.

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Tax Transportation 59

Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. For example, Groups with a year end of 31 December 2024 will need to register with HMRC by 30 June 2025. WHAT IS PILLAR 2?

Finance 59

Finance Tax chartered accountant accounting and finance 59

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

Insightful Accountant

JUNE 5, 2024

Join us at the Scaling New Heights conference for exclusive offers, insightful resources, and more at the Insightful Accountant booth! Elevate your practice to new heights with us.

Account 59

Account accounted accountant 59

Cherry Bekaert

JUNE 5, 2024

Public Law 86-272 (PL 86-272) offers limited protection to out-of-state companies that solely solicit sales for tangible personal property within a state. Small and medium-sized businesses in the manufacturing, distribution and retail sectors have heavily relied upon this state protection since it was enacted in 1959 to decrease overall tax liability.

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income tax Manufacturing Tax tax services 59

Accounting Today

JUNE 5, 2024

The jobs market showed signs of a slowdown last month as the private sector added 152,000 jobs in May, while annual pay grew 5.0 percent year-over-year, ADP reported.

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Insightful Accountant

JUNE 5, 2024

If you're an accountant longing for a simpler, more automated solution, look no further than Cajabra, the all-in-one CRM designed specifically for your needs.

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