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
Many companies grapple with fragmented systems, outdated procedures and a general lack of integration, which together create a chaotic environment for managing receivables.
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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.
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.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
SEPTEMBER 20, 2024
The unexpected demise of an audit firm proved a boon for many small auditors.
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
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.
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.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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
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.
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
Accounting Today
SEPTEMBER 20, 2024
Trullion offers AI-powered cloud audit suite; april tax solution now covers all 50 states; Workday announces new initiatives, investments and a wellness solution; and other accounting technology news.
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.
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.
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.
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
NASBA selects executive vice president; KPMG releases 2024 CEO Outlook Survey; and more news from across the profession.
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.
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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.
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.
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: 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
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.
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.
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.
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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