MyIRSRelief
SEPTEMBER 20, 2024
Navigating the IRS appeals process can be daunting, but understanding the steps involved and knowing how to effectively present your case can significantly improve your chances of a favorable outcome. This comprehensive guide will walk you through the IRS appeals process, detailing each step and explaining how our representation tax firm can assist you.
Accounting Today
SEPTEMBER 20, 2024
The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.
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Randal DeHart
SEPTEMBER 20, 2024
Your to-do list is often long and constantly growing longer when you're an entrepreneur. There are a lot of things you need to do, and it can feel like they're all urgent. In such cases, it's easy to push essential tasks to the side and focus on less vital activities, but that often means you miss deadlines, make mistakes, or always feel like you're trying to catch up.
Accounting Today
SEPTEMBER 20, 2024
The unexpected demise of an audit firm proved a boon for many small auditors.
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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
Going Concern
SEPTEMBER 20, 2024
A tipster let us know about some layoffs going down at RSM this morning: There are a large amount of layoffs going on at RSM, specifically in the D365 practices, Risk Cyber Security, and MC (management consulting practices). Meetings were scheduled yesterday via Webex, not MS Teams, which is interesting as the firm uses MS Teams for all communications.
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Withum
SEPTEMBER 20, 2024
Download a PDF of this case study. Executive Summary A telecommunications company client was grappling with a unique set of challenges. These included consolidating reporting, limited data visibility, non-standardized practices and manual and undocumented processes. These issues were causing delays in decision-making, time-consuming month-end processes, data entry errors and increased costs.
Accounting Today
SEPTEMBER 20, 2024
Many companies grapple with fragmented systems, outdated procedures and a general lack of integration, which together create a chaotic environment for managing receivables.
Withum
SEPTEMBER 20, 2024
I have a treasure trove and didn’t realize it! Earlier this week, I wanted to see a copy of the NY Times for the day I was born as I was looking for content for a speech I will be presenting. I contacted my local public library to see if they had access to past issues. I was told they do not, but the Rutgers Library has access, and the copy can be viewed digitally with a Rutgers ID.
Accounting Today
SEPTEMBER 20, 2024
The Treasury Department's Financial Crimes Enforcement Network has created an online toolkit to help small business owners comply with the new beneficial ownership reporting requirements.
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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.
LSLCPAs
SEPTEMBER 20, 2024
What to Expect from October 1, 2024 and Beyond Updates to Notices of Funding Opportunities (NOFOs) Key Definition Updates Clarification on Fixed Amount Awards and Contracts Section 200.201 New Section 200.217: Whistleblower Protections Internal Controls and Cybersecurity Section 200.303 Clarification on Program Income Section 200.307 Equipment Threshold Increased Section 200.313 Supplies Threshold Increased Section 200.314.
Accounting Today
SEPTEMBER 20, 2024
Prosecutors alleged Robert Brockman controlled Point, a Bermuda-based entity, and used it to engage in the largest tax-evasion scheme by an individual in U.S. history.
Dent Moses
SEPTEMBER 20, 2024
Earlier this year, we wrote about beneficial ownership information (“BOI”) reporting requirements of the Corporate Transparency Act (“CTA”) signed in to law in January 2021. Click this link to see the original post. In Q4 of 2023 and Q1 of 2024, congressional leaders and professional associations made efforts to extend the deadline to make the initial and annual filings.
Accounting Today
SEPTEMBER 20, 2024
The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.
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
Menzies
SEPTEMBER 20, 2024
Menzies LLP - A leading chartered accountancy firm. This Autumn Budget will be announced against a backdrop of plateaued economic growth, diminishing living standards and above target inflation. With a recent change in Government promising to fill the tax gap, the Prime Minister has warned the budget will be “painful”. So, what might the new Labour Government announce as part of the “painful” budget, and will it strike the right balance between remaining optimistic while attempting to resolve th
ThomsonReuters
SEPTEMBER 20, 2024
Jump to ↓ The challenges of an outdated indirect tax workflow What are the benefits of implementing indirect tax software? Steps to making a compelling business case for tax software adoption How tax software aligns with digital transformation strategies Embracing technology for long-term success One of these solutions is indirect tax software , which can significantly elevate workflows by improving efficiency, reducing errors, and ensuring better compliance.
Randal DeHart
SEPTEMBER 20, 2024
Your to-do list is often long and constantly growing longer when you're an entrepreneur. There are a lot of things you need to do, and it can feel like they're all urgent. In such cases, it's easy to push essential tasks to the side and focus on less vital activities, but that often means you miss deadlines, make mistakes, or always feel like you're trying to catch up.
CPA Practice
SEPTEMBER 20, 2024
CPA firms constantly seek ways to boost efficiency, enhance client satisfaction, and drive growth. While technology and strategies play crucial roles, one often overlooked element can be the key to unlocking your firm’s full potential: document management. Because it can be difficult to know if or when you need a new document management solution, IRIS wants to provide you with a checklist of ten red flags you can look for in your firm.
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.
Withum
SEPTEMBER 20, 2024
Dependent eligibility stands as a pivotal subcomponent within the broader eligibility process of any health plan. Given that dependents are typically not employees of the plan sponsor, meticulous gathering of key demographic and relevant information is paramount during the enrollment process. To strengthen the integrity of dependent eligibility, it is advisable for the plan administrator to procure supporting documentation before adding a dependent to the plan.
Canopy Accounting
SEPTEMBER 20, 2024
Task Templates are a Blueprint for Success Accounting efficiency and consistency are the keystones of client satisfaction and team productivity. Workflow automation, specifically through task templates, offers a robust solution to streamline processes across your team. Templates standardize repeatable processes and ensure that tasks are evenly distributed and managed, regardless of the team members involved.
Accounting Today
SEPTEMBER 20, 2024
NASBA selects executive vice president; KPMG releases 2024 CEO Outlook Survey; and more news from across the profession.
CTP
SEPTEMBER 20, 2024
Client Advisory Services (CAS) have emerged as a crucial offering for accounting firms, evolving the traditional client-accountant relationship into a more strategic partnership. Defined by the AICPA as services where practitioners provide findings, conclusions, and recommendations to aid in client decision-making, CAS encompasses far more than mere compliance.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
Accounting Today
SEPTEMBER 20, 2024
Rev. Proc. 2019-48 lays out the new rates for taxpayers who don't want to substantiate their actual expenses.
Going Concern
SEPTEMBER 20, 2024
Today’s quote of the day comes from a post on r/KPMG: Things feel worse than ever OP says: I’ve been working here a year in an office in New York and we had a call yesterday that went terribly. I believe the call was supposed to just be a tech training but it devolved into discussion over why this year was the way it was. The biggest offender was a partner who explained the new PTO change as “now we don’t have to pay people out when they leave which is just good business let’s be real” lik
ThomsonReuters
SEPTEMBER 20, 2024
Jump to ↓ The need for stronger penalties Key provisions of the Taxpayer Data Protection Act Protecting taxpayers’ privacy Ensuring stronger protections for taxpayer data The Taxpayer Data Protection Act , recently passed by the House of Representatives, represents a significant legislative effort to fortify the penalties associated with the unauthorized disclosure of such information.
Going Concern
SEPTEMBER 20, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Accounting Today
SEPTEMBER 20, 2024
In his meeting, Vance touted Trump's pledges to lower taxes and argued for the Republican nominee's tariff policies.
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