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.
VetCPA
FEBRUARY 16, 2024
California is addressing limited access to veterinary care by passing Assembly Bill 1399, which empowers licensed veterinarians in the state to establish a veterinarian-client/patient relationship through video technology. Governor Gavin Newsom signed the bill into law in October, and it will go into effect on January 1, 2024. At the moment, California restricts veterinarians from effectively using telehealth and can bar them from giving simple advice and direction to pet owners through telemed
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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.
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.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
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.
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.
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.
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
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.
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.
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).
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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.
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
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.
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
Accounting Today
FEBRUARY 16, 2024
Plus, LeaseCrunch offers webinar on ASC 842 basics; and other accounting technology news.
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
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
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.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
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.
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: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
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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