CPA Practice

APRIL 15, 2024

Dr. Sangeeta Chhabra CPAs and finance professionals today understand the importance of transparency and collaboration; however, lack of uniformity acts as an obstacle to seamless coherence in data management processes. While navigating these challenges, generative AI is emerging as a promising prospect. Generative AI, as a growing ecosystem of technologies, extends beyond GPT-4 and Gemini with added capabilities to process diverse data types, such as text, images, audio, video, 3D modeling, and

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Accounting Today

APRIL 15, 2024

The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.

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CPA Practice

APRIL 15, 2024

It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season for most Americans comes to a close. Compared to last year, the IRS answered more than 1 million additional taxpayer phone calls during the 2024 tax season, helped over 170,000 more people in-person, and saw 75 million more visits to IRS.gov, mainly due to the agency’s new and expanded Where’s My Refund?

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Going Concern

APRIL 15, 2024

This morning, Vault released its mildly anticipated 2025 Best Accounting Firms to Work For list and it should be no surprise that PwC has swept the category of Best Accounting Firm for the gazillionth year in a row. This year they also wrestled the title of Most Prestigious back from last year’s #1 firm Deloitte. The methodology is as follows: The Vault Accounting 25 is compiled using a weighted formula that reflects the issues accounting professionals care most about, combining quality of

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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

CPA Practice

APRIL 15, 2024

Few agencies are as perpetually tasked to “do more with less” than the Internal Revenue Service (IRS). Despite chronic and pandemic-specific challenges however, the IRS is making strides in returning to business as usual. According to the recently released National Taxpayer Advocate Annual Report to Congress , “…the magnitude of successes exceeded the areas of weakness in 2023, and most metrics showed significant improvement from the depths of the [COVID-19] pandemic.

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Insightful Accountant

APRIL 15, 2024

In an attempt to give our readers some degree of advance notice, Insightful Accountant is announcing the specific dates for which the 2024 ProAdvisor Awards will be announced.

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Accounting Today

APRIL 15, 2024

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

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CPA Practice

APRIL 15, 2024

A new survey from Grant Thornton LLP shows that chief financial officers are more optimistic about the U.S. economy than they’ve been in nearly three years. Grant Thornton’s Q1 2024 CFO survey , which polled 273 senior finance leaders, reported that more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy. This marks an 11-quarter high for the survey.

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Insightful Accountant

APRIL 15, 2024

The 2024 tax season is ending with fewer hiccups and changes compared to previous years. Pending legislation and court decisions may bring uncertainty for preparers in the future.

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Tax 105

Accounting Today

APRIL 15, 2024

The economy, the national debt and tax reform are accountants' top concerns this election season, according to a new Arizent survey.

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Account accounted accountant Tax 103

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Technology

Patriot Software

APRIL 15, 2024

Payroll is arguably a business’s biggest expense. Between taxes and benefits, an employee costs up to 32% more than their wages. To accurately budget for your payroll-related expenses, try payroll forecasting. Payroll forecasting is an essential part of financial planning that requires you to analyze and understand your company’s payroll data.

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payroll Tax 99

Accounting Today

APRIL 15, 2024

Generative AI delivers genuine business value to the CFO organization after all the hype has been subtracted.

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Withum

APRIL 15, 2024

Recently, Microsoft has been making a lot of updates to the world of SharePoint offerings, with two major changes being Microsoft Syntex (now called Microsoft Premium) as well as the recently released April 2023 launch of SharePoint Advanced Management, a Microsoft 365 (M365) add-on. Let’s look at the various SharePoint, SharePoint Premium and SharePoint Advance Management offerings so you and your organization can determine the best fit for your needs.

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Government 59

Accounting Today

APRIL 15, 2024

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies.

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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

CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L. Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.

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Accounting Today

APRIL 15, 2024

if you do not feel good about tax season, ask yourself what upsets you.

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CPA Practice

APRIL 15, 2024

April 15 isn’t just Tax Day. It’s also the day career website Vault.com typically releases its latest ranking of the 25 best accounting firms to work for. Vault’s ranking for 2025 came out Monday morning, and for the 12th straight year, PwC was named the top accounting firm in the U.S. “Accountants at peer firms tell us that PwC is ‘the gold standard of audit and puts the other audit firms to shame,’” Vault said in a media release.

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accounting firms top accounting firms Account accounted 59

Accounting Today

APRIL 15, 2024

Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.

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Tax 58

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

VJM Global

APRIL 15, 2024

Investigations, summon, letters from GST Authority has become common in business from last sometime and there are many practical issues which comes alongwith these communication. GST investigations are at many times hampering regular business activities as well. Further, there are many practical issues being faced by the GST Authorities as well as taxpayer such as prior approval, simultaanoues investigation by more than one GST authority, uncessary information asked etc.

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Accounting Today

APRIL 15, 2024

The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.

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VJM Global

APRIL 15, 2024

GST Assessments, u/s 73, are already closed for FY 2017-18 and the due date of issuance of order for FY 2018-19 is 30th April, 2024. In many of the Assessment orders, the taxpayers have faced genuine hardship such as as the Assessment orders passed are not the speaking one or assessment orders contain clerical mistakes causing unnecessary increase in demand amount.

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Tax Government 52

DMCL

APRIL 15, 2024

As Earth Day rolls around once again, we at DMCL are taking the opportunity to be mindful of our planet and reflect on our journey towards sustainability. Building off last year’s commitments, we’ve made strides in our quest to become net-zero, focusing on practical, impactful actions that reduce our carbon footprint. This year, we’re proud to report a decrease in our carbon emissions (CO 2 e) and share the steps we’ve taken over the past year to forge a greener future.

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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

VJM Global

APRIL 15, 2024

GST Assessments, u/s 73, are already closed for FY 2017-18 and the due date of issuance of order for FY 2018-19 is 30th April, 2024. In many of the Assessment orders, the taxpayers have faced genuine hardship such as as the Assessment orders passed are not the speaking one or assessment orders contain clerical mistakes causing unnecessary increase in demand amount.

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CPA Practice

APRIL 15, 2024

TaxDome , a provider of integrated software solutions for tax professionals and accountants, has completed a System and Organization Controls (SOC) 2 Type I attestation for Security. This achievement underscores their unwavering commitment to maintaining the highest levels of data security and safeguarding client information. Bookkeepers, CPAs and accountants utilize TaxDome’s platform for its streamlined, highly secure workflow management.

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VJM Global

APRIL 15, 2024

Investigations, summon, letters from GST Authority has become common in business from last sometime and there are many practical issues which comes alongwith these communication. GST investigations are at many times hampering regular business activities as well. Further, there are many practical issues being faced by the GST Authorities as well as taxpayer such as prior approval, simultaanoues investigation by more than one GST authority, uncessary information asked etc.

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Legal Tax audit Government 52

Withum

APRIL 15, 2024

Pat Walsh , managing partner and CEO was happy to sit down with Newsweek on March 27 to discuss creating and cultivating a Most Loved Workplace. Hosted by Lou Carter , Newsweek’s The Leader Show highlights leaders from different sectors to learn what creates effective, successful, and motivating environments. The podcast inspires current and aspiring leaders by focusing on how to overcome challenges in the modern landscape, whether in the private or public sector.

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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

APRIL 15, 2024

By Tor Constantino, Inc. (TNS) During the past few months, the IRS has been touting the fact that it’s upping its cryptocurrency expertise and crypto tax enforcement game. Coincidentally, the tax agency also issued a not-so-subtle reminder to digital asset holders that they must continue to report income from certain digital transactions this year.

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Anders CPA

APRIL 15, 2024

When we talk growth with digital agency owners, we don’t just look at financial metrics. Instead, we focus on non-financial drivers, such as production and pipeline, which are ‘levers’ that owners can pull to make their agency as efficient as possible. But there’s another dimension of growth that happens beyond your agency’s walls. It doesn’t appear on any spreadsheet: community.

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Gambling CPA 52

Going Concern

APRIL 15, 2024

Hey and welcome to Monday, APRIL 15! You made it! Well, almost. We’re so proud of you. Now, some news. Jack Castonguay (who we miss terribly on Twitter) wrote a little something for Bloomberg Tax about the PCAOB’s latest proposal that would make traditionally secretive audit firms’ business much more public: The business model for public accounting firms is changing rapidly as they search for outside investors and private equity firms rush to the front of the line.

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CPA Practice

APRIL 15, 2024

The Treasury Department and the IRS on April 12 corrected Appendix A and Appendix B of Notice 2024-20 to add additional eligible census tracts for the qualified alternative fuel vehicle refueling property (i.e., electric vehicle charging stations and equipment) tax credit. These additional census tracts were determined to meet the description of eligible census tracts in Notice 2024-20, the IRS said.

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Tax 52

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