Withum

JUNE 17, 2024

When launching an e-commerce business, there are many factors to consider, such as product development and marketing strategies. One crucial aspect that often demands early attention is sales tax. Addressing sales tax obligations at the right time is essential for maintaining compliance and avoiding potential pitfalls. 6 Tax Compliance Considerations At the Outset of Your Business: Startups should consider sales tax requirements from the inception of their e-commerce business.

E-commerce 59

E-commerce South Dakota Sales Tax 59

CPA Practice

JUNE 17, 2024

By Arianna Campbell. With another busy season in the rearview mirror, many firms are looking ahead to next year. What went well this busy season? What could use some improvement? Now is the time to make changes to your technology and processes that will set you up for success in 2025 and beyond. To help you identify these opportunities, we’ve identified five trends for process improvement that leaders in the accounting profession should be aware of to ensure their firms remain at the forefront.

Technology 129

Technology accounted Account accountant 129

Accounting Today

JUNE 17, 2024

The Internal Revenue Service is targeting the use of basis shifting between related parties as a way for partnerships to avoid paying taxes, setting up a new unit within the Office of Chief Counsel to develop guidance aimed at closing tax loopholes.

Tax 128

Tax audit 128

CPA Practice

JUNE 17, 2024

By Melissa Angell, Inc. (TNS) Small businesses still vying for pandemic-era employee retention credits they haven’t received could have another course of action to nab their money sooner. A provision in the tax code allows taxpayers who have filed refund claims to sue the Internal Revenue Service if they have not heard from the agency within six months, or their claim was denied and they believe it to be legitimate.

Idaho 115

Idaho Tax Legal 115

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.

Finance

Accounting Today

JUNE 17, 2024

The National Pipeline Advisory Group's recommendations cover a wide range of ways to attract more people to the profession, and Jennifer Wilson walks us through what everyone can do to help.

accountant 128

accountant accounted Account 128

Insightful Accountant

JUNE 17, 2024

Today's Main Stage of Scaling New Heights featured Insightful Accountant's 2024 ProAdvisor recipients.

Account 111

Account accounted accountant Maine 111

Going Concern

JUNE 17, 2024

As we know, it’s been a rough year and a half or so for consulting. Things are so bad in the UK firms have been shedding staff left and right while Australia has been suffering with the one-two punch of slowed client demand and the continued fallout of the PwC tax scandal leading to lost clients, reputational damage, and continued tongue-lashings from parliament.

Management Consulting 105

Management Consulting Legal audit Tax 105

Accounting Today

JUNE 17, 2024

The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.

Education 122

Education Tax 122

Xero

JUNE 17, 2024

This guest blog was written by the team behind transport management app MyTrucking. The powerhouse of regional Australia sits in part with its farming, mining and construction industries. The thousands of communities and family-owned small businesses in these sectors around the country help keep the wheels of Australia turning. One such family-owned business has been on the tools since 2009.

Transportation 89

Transportation Agriculture Technology Construction 89

Ryan Lazanis

JUNE 17, 2024

Check out this list of the 18 best accounting conferences to help you level up your skills and stay on top of the major accounting trends. The post The 18 Best Accounting Conferences to Attend appeared first on Future Firm.

Account 87

Account accounted accountant 87

Advertisement

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.

Technology

Accounting Today

JUNE 17, 2024

During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.

Account 75

Account accountant accounted 75

CPA Practice

JUNE 17, 2024

The Treasury Department and the IRS said on June 17 that a new initiative to shut down a major tax loophole used by wealthy individuals and large partnerships could raise more than $50 billion in revenue over 10 years. Treasury and the IRS issued three pieces of guidance on Monday focused on partnerships following discoveries by IRS audit teams. The IRS said it currently has tens of billions of dollars of deductions claimed in these transactions under audit.

audit 72

audit Real Estate Tax Legal 72

Accounting Today

JUNE 17, 2024

Clark Schaefer Hackett is adding Rolfes & Swisher; and RKL Virtual Management Solutions is merging in Kauffman CPA.

CPA 72

CPA 72

CPA Practice

JUNE 17, 2024

The IRS Careers website has been updated and is now live, as the agency tries to fill job openings as part of an ongoing recruitment effort enabled by Inflation Reduction Act funding. Part of that effort was modernizing its primary vehicle to publicize job opportunities and hire new talent. The IRS Careers website now provides a comprehensive landing spot for candidates to find everything they need to pursue a career at the agency, including: Upcoming hiring events; Key job descriptions; Overvie

Healthcare 69

Healthcare Washington Tax Education 69

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

Accounting Today

JUNE 17, 2024

He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.

72

72

CPA Practice

JUNE 17, 2024

By Jey Purushotham. Accounting firms are the keepers of tremendous amounts of sensitive client and engagement data. Most firms are exploring the power of leveraging that data with Generative AI, which puts confidential information at risk of being shared with users who are not permissioned to access it – the “oversharing” problem. For some time the most widely used iteration of natural language processing was ChatGPT, which harnessed publicly available data to generate answers to user prompts.

Technology 69

Technology accounting firms accountant accounted 69

Accounting Today

JUNE 17, 2024

Concerns about staffing and clients are nothing new at accounting firms and never seem to go away.

Account 72

Account accounted accountant accounting firms 72

CPA Practice

JUNE 17, 2024

Amid a cost-of-living crisis, high inflation and global political unrest, U.S. employees are turning to their employers for a sense of security. A new survey by global advisory, broking and solutions company WTW found a majority (72%) of employees are choosing to stay with their employers, ending a period of intense job turnover and attraction and retention challenges for employers.

Maine 64

Maine 64

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

Anders CPA

JUNE 17, 2024

Anders has been named to the St. Louis Business Journal’s Fast 50 list for 2024 for the first time. The list recognizes the fastest-growing companies in our region, ranked on percentage of revenue growth over the past two years. Honorees were recognized during the St. Louis Business Journal’s Fast 50 event on June 13. Anders ranked 39 in the firm’s first showing on the list and is the only accounting firm included in the ranking About Anders For more than 55 years, Anders has delivered full-serv

top accounting firms 59

top accounting firms accounting firms audit CPA 59

Accounting Today

JUNE 17, 2024

The growing fixed-income products carry some risks, but their returns this year are attracting more financial advisors and their clients, according to experts.

Tax 56

Tax 56

Anders CPA

JUNE 17, 2024

Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, SEO-PPC agencies, as well as product-only. Usually founded by people with creative and technical expertise, these marketing businesses often grow out of a partnership, with one business owner leading the development efforts and the other in charge of sales.

Account 59

Account accounted accountant accounting and finance 59

VJM Global

JUNE 17, 2024

Held by Authority for Advance Ruling, TamilNadu In the matter of M/s Suswani Foundations Private Limited (AAR No. 123/AAR/202) The Applicant is constructing Industrial buildings which are to be rented out as godowns for commercial purposes. The Applicant is seeking advance ruling on the question that whether the Applicant is entitled to claim ITC on inward supply of goods or services used for construction of such godowns.

Construction 52

Construction Manufacturing Tax Legal 52

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 17, 2024

In this Webinar session, we dive into the crucial role of delegation in enhancing efficiency and productivity within your firm. Watch this replay of June's Practice Management Talks!

52

52

VJM Global

JUNE 17, 2024

Held by Authority for Advance Ruling, TamilNadu In the matter of M/s Suswani Foundations Private Limited (AAR No. 123/AAR/202) The Applicant is constructing Industrial buildings which are to be rented out as godowns for commercial purposes. The Applicant is seeking advance ruling on the question that whether the Applicant is entitled to claim ITC on inward supply of goods or services used for construction of such godowns.

Construction 52

Construction Manufacturing Tax Legal 52

CPA Practice

JUNE 17, 2024

TaxDome , a practice management solution for tax professionals, bookkeepers, and accountants, has launched its new AI-powered reporting feature. This innovative addition is designed to provide firms with advanced analytics, actionable insights, and customizable reports to enhance efficiency and profitability. Firms can easily identify areas to streamline workflows and address pressing needs, thereby transforming raw data into visual knowledge with ease.

bookkeeping 52

bookkeeping Tax Account accounted 52

VJM Global

JUNE 17, 2024

Held by Authority for Advance Ruling, TamilNadu In the matter of M/s Suswani Foundations Private Limited (AAR No. 123/AAR/202) The Applicant is constructing Industrial buildings which are to be rented out as godowns for commercial purposes. The Applicant is seeking advance ruling on the question that whether the Applicant is entitled to claim ITC on inward supply of goods or services used for construction of such godowns.

Construction 52

Construction Manufacturing Tax Legal 52

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

CPA Practice

JUNE 17, 2024

What do you get when you combine California accounting firms Torchon and Associates and Dennis Duncan and Covington? You get Dennis Duncan and Torchon LLP. The merger became effective, believe it or not, on Valentine’s Day, the new firm announced on June 14. The union combines Calabasas-based Torchon and Associates’ deep local expertise and personalized service approach with Los Angeles-based Dennis Duncan and Covington’s broad spectrum of resources and capabilities in accounting and financial c

accounting firms 52

accounting firms Account accounted accountant 52

FraudFiles

JUNE 17, 2024

In commercial litigation, many cases require some kind of expert. Whether it is a financial expert, an engineering expert, a fraud expert, a valuation expert, or some other type of expert witness, the process of selecting one cannot be taking lightly. The effectiveness of your expert witness could win or lose a case for you, [.

52

52

Going Concern

JUNE 17, 2024

WAKE UP! It’s Monday. For some news that’s three or more days old, check out Friday’s Footnotes and be sure to swing by every Friday at 5pm Eastern for a fresh batch of headlines. Friday Footnotes: PwC Leader Called Out for Twitter Tantrums; Why Quiet Layoffs Are a Bad Idea; Remote Work Advice for Firms | 6.14.24 And now, news that’s news as of today.

Account 59

Account accounted accountant auditor 59

Accounting Today

JUNE 17, 2024

Donald Trump's new proposal to exempt tips from taxation would add between $150 billion to $250 billion to the federal budget deficit over 10 years, a budget watchdog group forecast on Monday.

Tax 78

Tax income tax tax planning 78

Advertisement

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.