Accounting Today
FEBRUARY 16, 2024
The chair and CEO of Deloitte Tax discusses how the firm is executing cross-business strategies to accelerate innovation and responsible application of artificial intelligence across Deloitte's offerings, products and services.
CPA Practice
FEBRUARY 16, 2024
Not only has the IRS extended weekly office hours at nearly 250 taxpayer assistance centers throughout the country this filing season, but several of those sites will have special Saturday hours beginning next weekend. The special Saturday openings will take place from 9 a.m. to 4 p.m. on Feb. 24, March 16, April 13, and May 18. Offices in dozens of states, the District of Columbia, and Puerto Rico will be open during this special four-month event, with no appointments required.
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Accounting Today
FEBRUARY 16, 2024
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
Withum
FEBRUARY 16, 2024
Withum is proud to share that Scott Reddersen was named to the Washington Business Journal 40 Under 40 List for 2024. Scott has over 15 years of experience and specializes in tax compliance and planning for high-net-worth individuals. He leads the Tax Service Line out of Withum’s DC metro area and will soon take over as Partner-in-Charge of the DC office effective July 1.
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.
Accounting Today
FEBRUARY 16, 2024
Eide Bailly appoints next CFO; HHM CPAs promotes two to partner; and more news from across the profession.
Insightful Accountant
FEBRUARY 16, 2024
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
FEBRUARY 16, 2024
Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0 Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations.
Randal DeHart
FEBRUARY 16, 2024
For a business to thrive and grow, it needs a strategic plan and the ability to find new customers and continually tap into promising markets. However, this can be easier said than done in a highly competitive trade industry. With time, the quality of your work will speak for itself, which is the most valuable testimonial of all. While your good reputation preceding you is undoubtedly essential, there are a few other ways that you'll want to market your services to ensure that you have a steady
Cherry Bekaert
FEBRUARY 16, 2024
In an increasingly challenging business environment, middle-market organizations must continue to strategize for longevity and growth. The economy, consumer sentiment, and rapid changes in technology remain top challenges for these organizations. As the new year unfolds, middle-market organizations are still facing hardship with inflation, high interest rates and talent retention.
Accounting Today
FEBRUARY 16, 2024
Despite the recent pushback in the U.S., many companies — roughly 90% in a survey by KPMG — plan to dedicate more resources to ESG over the next three years.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
CPA Practice
FEBRUARY 16, 2024
By Karin Price Mueller, nj.com (TNS) Tax returns are not due until April 15, but the IRS says the two weeks after President’s Day is historically the peak time when taxpayers call the agency for help. The IRS is encouraging taxpayers who need help to use its online tools before they call the agency for help. Taxpayers can avoid phone delays during the “anticipated peak demand for IRS phone lines” by first checking the agency’s step-by-step help guide before calling.
Accounting Today
FEBRUARY 16, 2024
Plus, LeaseCrunch offers webinar on ASC 842 basics; and other accounting technology news.
CPA Practice
FEBRUARY 16, 2024
Restaurants sales are forecast to exceed $1.1 trillion in sales this year, marking a new milestone for the industry that will employ over 15.7 million people in the United States by the end of 2024. This is all according to the National Restaurant Association 2024 State of the Restaurant Industry Report. Key findings from this year’s report include: Positive sales expected : Restaurant operators are cautiously optimistic about the year ahead, with nearly 8 in 10 predicting their sales will incre
Going Concern
FEBRUARY 16, 2024
That’s Dan Black, Global Talent Acquisition Leader at EY, in an interview with HR Grapevine. Q. We’ve seen high-profile cases of AI-related layoffs. How do you protect employees as you roll out AI? It’s the question we get all the time from our people. First and foremost, I say this: The robots are not coming for your jobs, they’re coming for your tasks.
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.
CPA Practice
FEBRUARY 16, 2024
The Economic Policy Institute has updated its signature Family Budget Calculator with 2023 data on the cost of living in all counties and metro areas across the country. The calculator estimates community-specific costs—including housing, food, transportation, child care, health care, taxes, and other basic necessities—for 10 family types (one or two adults with zero to four children).
Going Concern
FEBRUARY 16, 2024
So this happened on Twitter : The article is not ours (hence the compliment for good reporting and citations) but rather published on ProMarket: Young People Are Shunning the Accounting Profession. The 150-Hour Rule Is Responsible. In the piece, industry OG Ray Ball wrote: Why would accountants voluntarily increase the cost of producing their largest input (CPAs) when the additional cost could not be passed on to clients?
Basis 365
FEBRUARY 16, 2024
Forget "Near Me": Why the Best Outsourced Accountants Can Be Anywhere In the age of Zoom meetings and instant messaging, the phrase "outsourced accountants near me" has become irrelevant. The truth is, location is a limiting factor when choosing an accounting or bookkeeping partner. Today's modern, cloud-based accounting department services have revolutionized the way businesses operate, enabling seamless collaboration and secure data access regardless of physical distance.
Withum
FEBRUARY 16, 2024
When pitching to potential investors, capturing the most appropriate revenue metrics is crucial when demonstrating your company’s potential. However, not all revenue metrics are created equal. Some metrics could be misleading, inaccurate, or irrelevant to your business model and may hurt your credibility and chances of success. To show how much value you are creating and capturing in the market, it’s important to use the right metrics and methods to present a more convincing and re
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.
CPA Practice
FEBRUARY 16, 2024
Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. The IRS is offering relief to any area designated by the Federal Emergency Management Agency. Currently, this includes Eaton, Ingham, Ionia, Kent, Livingston, Macomb, Monroe, Oakland and Wayne counties.
Withum
FEBRUARY 16, 2024
Benefits, Challenges and Pitfalls of Healthcare M&A Mergers and affiliations in the healthcare industry have significantly increased, these transactions include all aspects of healthcare including hospitals and healthcare systems, physicians, ancillary healthcare entities and private equity firms. Transaction considerations include financial, revenue cycle, tax, post-merger operational and system integration, technology and structuring aspects of the deal.
CPA Practice
FEBRUARY 16, 2024
Happy trails to IRS Criminal Investigation unit chief Jim Lee who is retiring on April 6. His successor has not yet been named, the IRS said earlier this week. Lee has led IRS-CI since October 2020. During that three-year period, he has overseen a staff of more than 3,200 CI employees, including 2,200 special agents, who have investigated thousands of financial crimes involving tax violations, money laundering, public corruption, cybercrime, identity theft, narcotics trafficking, human trafficki
Withum
FEBRUARY 16, 2024
The cannabis industry landscape is ever-evolving. Businesses in cannabis face unique challenges demanding streamlined compliance, efficiency and growth solutions. However, due to a variety of reasons, many organizations we work with have ended up in a web of separate/siloed cannabis technology solutions requiring extensive manual effort to share information between them.
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 16, 2024
Financial and operations software system provider insightsoftware has realized a 5-year growth rate of 425 percent. In the last twelve months, it brought several new critical solutions to market to eliminate manual tasks, address skilled labor shortages, and boost productivity for organizations. Finance professionals are spread thin as they strive to do more with fewer resources.
Cherry Bekaert
FEBRUARY 16, 2024
Key Takeaway: Private equity funds can save significant time and resources by organizing a “fund-wide” strategy upfront to handle their carbon compliance requirements, as opposed to portfolio companies creating independent, unaligned solutions. Cherry Bekaert can advise on private equity best practices to help guide you. In October, two California laws mandating carbon disclosure were signed by Governor Gavin Newsom.
Canopy Accounting
FEBRUARY 16, 2024
As the saying goes, “Art imitates life,” and that’s certainly the case for actors playing accountants in television series and movies over the years. Whether they’re making calculations for a paper company or crunching numbers between battling ghosts, these pop-culture characters add a little color and fun to the world of accounting.
Going Concern
FEBRUARY 16, 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.
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
Canopy Accounting
FEBRUARY 16, 2024
Ready to future-proof your accounting firm? Learn how to build a rock-solid practice that's as proactive as it is profitable by focusing on these 6 key areas of your firm's operations.
CPA Practice
FEBRUARY 16, 2024
By Caitlin Reilly, CQ-Roll Call (TNS) The House rejected a rule that would provide for floor consideration of a bill to double the cap on state and local tax deductions for married couples earning up to $500,000, striking a blow to legislation championed by blue-state Republicans. The House voted 195-225 Wednesday on the rule, falling well short of the majority needed to proceed to a floor vote on the bill and an unrelated resolution criticizing President Joe Biden’s energy policies.
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