Cherry Bekaert

OCTOBER 30, 2023

Join Cherry Bekaert’s Employee Retention Credit (ERC) team to gain valuable insights into effectively defending ERC claims during IRS audits. As ERC regulations continue to have clarifying guidelines from the IRS, understanding how to navigate potential audit challenges is essential for safeguarding your organization’s benefits. Learning Objectives: Comprehend IRS audit triggers for ERC claims Learn effective document and record-keeping Navigate IRS audit inquiries with confidence Questions?

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audit 52

RogerRossmeisl

OCTOBER 30, 2023

The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation adjustments. And due to high inflation, the adjustments for 2023 were big. Here are the numbers that small business owners need to know. §179 deductions For qualifying assets placed in service in tax years beginning in 2023, the maximum §179 deduction is $1.16 million.

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Real Estate CPA Tax cpa firm 215

MyIRSRelief

OCTOBER 30, 2023

Form 1041, U.S. Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. The fiduciary of an estate or trust is responsible for filing Form 1041, which is due on April 15th each year (unless an extension is filed). Trust tax preparation can be a challenging task, even for experienced tax preparers.

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tax preparation Tax tax return income tax 130

RogerRossmeisl

OCTOBER 30, 2023

Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into reviewing business travel expenses. There may be a way to simplify the reimbursement of these expenses. In Notice 2023-68, the IRS announced the fiscal 2024 special “per diem” rates that became effective October 1, 2023.

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Transportation CPA business tax Tax 130

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.

Account

CPA Practice

OCTOBER 30, 2023

The IRS said on Monday that it will allow electronic signatures to be used on certain tax forms “indefinitely until more robust technical solutions are deployed.” In addition, the agency extended until Oct. 31, 2025, the ability to use encrypted email when working directly with IRS employees to clear up tax-related issues or concerns. During the COVID-19 pandemic the IRS provided temporary relief allowing taxpayers to use digital or e-signatures on specified paper forms and filings that would or

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tax return income tax Real Estate Tax 132

Accounting Today

OCTOBER 30, 2023

CliftonLarsonAllen has been building its international network since starting it last year in the U.K. and Ireland, with further expansion plans to other parts of the world as it begins to roll out artificial intelligence technology that it's calling CLA GPT.

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Technology accounting firms accounted Account 130

Accounting Today

OCTOBER 30, 2023

Internal auditors have found hundreds of referrals from other lawyers for Camp Lejeune and other cases were bogus, often based on doctored medical records and fictional reports of illness.

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auditor audit 121

CPA Practice

OCTOBER 30, 2023

The sessions and CPE fields of study for Ensuring Success 2023 have been announced. Ensuring Success will be held December 6-7, 2023. Earn up to 14 hours of free CPE during this 2-day annual, virtual conference. Register now and mark your calendar for Ensuring Success, to ensure you meet your year-end CPE requirements. This is the original, completely virtual online CPE conference for accounting and tax pros, so you can attend and earn free CPE credits from the comfort of your office.

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Education cpas Spend Management accounting firms 119

Going Concern

OCTOBER 30, 2023

Being ignorant Yanks no one around here knows who Warren Mundine is so before we get into what he said to KPMG Australia and why let’s briefly cover his CV. I linked this in today’s Monday morning news brief but thought we could use the whole story. Plus it isn’t often I get the chance to legitimately use the word “c**t” in a story involving a Big 4 professional services firm so yay to that, big fans of profanity here.

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Education top accounting firms accounting firms accountant 116

CPA Practice

OCTOBER 30, 2023

Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. According to a survey by Honest Paws, half of dog owners plan to include their pet in Halloween activities, and one third will likely spend more on doggie costumes

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Start-ups Retail Sales Tax 111

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.

Account

Going Concern

OCTOBER 30, 2023

Happy spoooooky Monday, here’s some news. Hot off the presses (figuratively). FT reports PwC has chosen a global chair to replace Bob Moritz. PwC has picked the head of its international advisory business, Mohamed Kande, to be its next chair, putting the Big Four accounting firm in the hands of a consulting partner. Kande’s selection by PwC’s global board was revealed to the firm’s partners on Monday, according to people familiar with the internal message.

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accountant Account accounted auditor 105

Accounting Today

OCTOBER 30, 2023

The Internal Revenue Service is extending two of its pandemic-related options for taxpayers and tax professionals.

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Tax 132

CPA Practice

OCTOBER 30, 2023

AuditBoard , a provider of cloud-based platform transforming audit, risk, compliance, and ESG management has added new capabilities purpose-built to enable teams to automate critical workflows, surface key strategic insights, and stay on top of proliferating risks. The announcement took place at AuditBoard’s annual Audit & Beyond conference, a hybrid in-person and online gathering of thousands being held in San Diego, California through October 20.

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audit Technology B2B California 98

Insightful Accountant

OCTOBER 30, 2023

While many changes won't take effect until the next renewal date(s), price changes are coming to QuickBooks Desktop Payroll and Payments this December.

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payroll quickbooks 105

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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.

financial statements

Accounting Today

OCTOBER 30, 2023

The worst five states have an average total tax burden of 11.21%.

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Tax 133

Accounting Insight

OCTOBER 30, 2023

Today, investment platform Lightyear announces its expansion into exchange traded commodities (ETCs) with the launch of gold. Adding ETCs to its existing suite of 3,500+ stocks, ETFs and MMFs, is another way for Lightyear’s retail and business customers across Europe to diversify portfolios. iShares Physical Gold (“PPFB”) seeks to track the day-to-day movement of the price of gold – minus fees – backed by gold bullions.

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Retail accountant Account accounted 59

Accounting Today

OCTOBER 30, 2023

PE investment in accounting is potentially big business. Here's some of the views from key players in the ecosystem.

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accountant Account accounted audit 86

Accounting Insight

OCTOBER 30, 2023

Employment Hero, one of the world’s largest employment management platforms, has announced a Series F growth round of £131 million to fuel its rapid global expansion, following in the footsteps of Atlassian, Xero and Canva. The funding* ( subject to Foreign Investment Review Board approva l) follows the company’s 2022 Series E and takes the total amount of capital it has raised to over £325 million, funding it has used to develop an entire ecosystem of products and services through its all-in-on

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Technology payroll Hospitality Construction 59

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

Sales

Accounting Today

OCTOBER 30, 2023

Any business that lets past due accounts receivable accumulate is not being managed well.

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accountant Account accounted 98

Reckon

OCTOBER 30, 2023

Guest post by Sam O’Brien. Remote working has become the preferred way of working for many businesses. It can be more convenient than working in an office, but it can also bring challenges for management. A remote team can’t be successful without a good leader. We’ll look at the qualities of a great remote team leader, and how to become more efficient in remote leadership.

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Start-ups 52

Accounting Today

OCTOBER 30, 2023

The outcomes of this project will provide a clear-eyed vision of how we move the profession forward and collectively elevate the value of internal audit in the years ahead.

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audit 66

Reckon

OCTOBER 30, 2023

Getting into business is more than just cash flow , bookkeeping, and taxes. There are also a slew of legal requirements you need to be aware of to ensure your business is legally compliant. (The last thing you want is for something to slip through the cracks and then find yourself facing potential legal issues or penalties.) 1) Get your registrations sorted Before you start trading make sure you sort out all relevant business registrations.

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Legal bookkeeping payroll Tax 52

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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.

Insightful Accountant

OCTOBER 30, 2023

To ensure continued success during this tax season and beyond, accounting firms need a clear strategy for client retention. Here are some tips and tricks to keep your clients happy and your firm moving in the right direction.

Tax 52

Tax accounting firms accountant Account 52

CPA Practice

OCTOBER 30, 2023

Ignition , an all-in-one platform for professional services to get paid faster and run smarter, has launched a new pricing enhancement. This latest addition equips accounting and tax professionals with the tools they need to improve profitability and put an end to underselling their services. The new price increase capability enables Ignition customers to automatically apply percentage-based price increases when renewing annual client engagements, all in just a few clicks.

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income tax tax return Tax tax services 52

FraudFiles

OCTOBER 30, 2023

White collar crime cases tend to focus on the flow of money. Government investigators analyze the finances of a company or individual to determine where money came from and where it went. It is this trail of money that leads to evidence of a crime.

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Government Finance 52

CPA Practice

OCTOBER 30, 2023

Canopy , provider of industry-leading accounting practice management software, Canopy , the leading cloud-based practice management platform for accounting professionals, will host its annual Canopy Summit 2023 on November 9 at 1:00pm EST. The free, virtual event will dive into the latest CPA technology with an engaging panel and review Canopy’s product roadmap and offers 2 CPE credits for attendees.

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accountant Account accounted CPA 52

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.

Insightful Accountant

OCTOBER 30, 2023

In the fast-paced world of accounting, efficiency is key. With a plethora of apps available, it can be challenging to determine which ones will truly streamline your client's workflow. We've done the legwork for you.

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accountant Account accounted 40

Accounting Today

OCTOBER 30, 2023

AJ Johnson, Geoff Brown and Calvin Harris share their unique perspectives as African-Americans who lead three of the biggest state CPA societies.

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CPA management accounting management accounts accountant 102

CPA Practice

OCTOBER 30, 2023

By Reade Pickert, Bloomberg News. (via TNS) The U.S. economy grew at the fastest pace in nearly two years last quarter on a burst of consumer spending, which will be tested in coming months. Gross domestic product accelerated to a 4.9% annualized rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday.

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Maine Government Sales accountant 52

Accounting Today

OCTOBER 30, 2023

Johnson's plan pays for Israel aid by cutting President Joe Biden's signature Inflation Reduction Act, calling for a $14.3 billion reduction in funding for the IRS.

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Tax 121

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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.