Xero

JUNE 20, 2024

As a business owner, would you be happy or sad if you got a hundred new clients tomorrow? Getting more business sounds exciting, but can be daunting if bookkeeping and accountancy practices aren’t set up to scale effectively. There is a slow but steady shift towards value-based pricing, rather than traditional hourly billing. If you want to adopt a pricing model based on the value you offer and the outcomes you deliver, where do you start?

bookkeeping services 77

bookkeeping services bookkeeping Account accountant 77

Accounting Today

JUNE 20, 2024

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer but is not lifting its moratorium.

Tax 132

Tax 132

CPA Practice

JUNE 20, 2024

Vince Golle Bloomberg News (TNS) U.S. mortgage rates declined below 7% last week for the first time since March, spurring back-to-back increases in financing applications for home purchases. The contract rate on a 30-year fixed mortgage decreased 8 basis points to 6.94% in the week ended June 14, according to Mortgage Bankers Association data released Wednesday.

Finance 116

Finance Government Retail 116

Going Concern

JUNE 20, 2024

CliftonLarsonAllen announced today that for the second year in a row, a group of high school students aged 16-18 will be joining the usual college interns at the firm this summer. And yes, they’re getting paid. CLA’s high school intern class of 69 people will be working across 14 offices: Baltimore, Charlotte, Chicago, Des Moines, Indianapolis, Philadelphia, Milwaukee, Minneapolis, Nashville, Phoenix, Boston, Seattle, Tampa, and Toledo.

CPA 115

CPA Account accountant accounted 115

Speaker: Gary Dmitriev

Automation promises increased efficiency and reduced costs, but how do you sift through the hype to find the right solution for your organization? Our upcoming webinar aims to demystify the process of selecting and implementing automation tools. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals.

Technology

CPA Practice

JUNE 20, 2024

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) In a long-awaited ruling, the U.S. Supreme Court upheld a tax on unrealized gains, affirming the constitutionality of a mandatory repatriation tax introduced by the Tax Cuts and Jobs Act (TCJA). In upholding the tax, Justice Brett Kavanaugh, writing for the majority stated, “The MRT—which attributes the realized and undistributed income of an American-controlled foreign corporation to the entity’s American shareholders, and then taxes t

Tax 110

Tax income tax Agriculture Washington 110

Insightful Accountant

JUNE 20, 2024

Some ProAdvisors feel odd about nominating themselves, you really shouldn't. more than 70% of those achieving award status in our 2024 process were self-nominees. Murph tells you the advantages of self-nomination in today's feature.

105

105

Accounting Today

JUNE 20, 2024

We've been talking about the burnout crisis for decades, but the talk needs to turn into action.

Account 132

Account accountant accounted 132

CPA Practice

JUNE 20, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss the 2024 AICPA Engage conference, held in June in Las Vegas. The conference is the largest annual gathering of firm professionals, providing education, technology updates, and networking opportunities. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

Technology 96

Technology Account accountant accounted 96

Accounting Today

JUNE 20, 2024

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

Tax 126

Tax tax preparation 126

Cherry Bekaert

JUNE 20, 2024

Employees want to utilize artificial intelligence (AI) in the workplace, and they won’t always wait for leadership to implement guidelines or software to do so, which introduces risks. Seventy-eight percent of AI users are bringing their own AI tools to work, a recent report by Microsoft and LinkedIn found. The percentage of people bringing their own AI to work (BYOAI) increases to 80% for small and mid-sized companies.

Education 80

Education Gaming Sales 80

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

Account

Accounting Today

JUNE 20, 2024

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

Tax 92

Tax corporation tax 92

Withum

JUNE 20, 2024

After several months of waiting with bated breath, the Supreme Court has finally handed down a decision on the highly publicized Moore vs. United States. In a 7-2 decision, the Court upheld the 2017 Tax Cuts and Jobs Act Mandatory Repatriation Tax provision.In other words, the Court agreed that Congress had the authority to tax shareholders on the undistributed earnings of a corporation.

Tax 76

Tax CPA business tax 76

CPA Practice

JUNE 20, 2024

By Suzanne Lucas, Inc. (TNS) What if you laid someone off but forbade them from telling anyone? The Financial Times is reporting that accounting powerhouse PwC is conducting “silent lay-offs” in the U.K.—they’re asking people who take a voluntary severance package to keep the reason for their departure hush-hush. PwC is asking laid-off employees to keep explanations of their departure limited to the following information: “You can notify your coworkers of your departure” “You may not mention

Legal 64

Legal Account accountant accounted 64

Withum

JUNE 20, 2024

On June 4, 2024, Alon Farhy filed a petition for a panel rehearing with the circuit court in response to the May 3, 2024, DC Court of Appeals ruling upholding the IRS’s power to assess Form 5471 penalties. The petition, 15 pages is length, argues that the three-judge panel erred in a handful of respects, and incorrectly concluded that Congress authorized the IRS to assess and ultimately collect the $10,000 penalty for failure-to-file Form 5471 through administrative means.

Construction 73

Construction Tax CPA 73

Advertiser: Paycor

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

Cherry Bekaert

JUNE 20, 2024

More than 20 years after issuing Statement No. 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments , which launched a new financial reporting model that changed the landscape of governmental accounting and financial reporting in the early 2000s, the Governmental Accounting Standards Board (GASB) has undertaken efforts to improve key components in the financial reporting model, resulting in a new standard, GASB Statement No. 103, Financial Repor

financial statements 64

financial statements Government accounting and finance accounting standards 64

Withum

JUNE 20, 2024

ERP (Enterprise Resource Planning) systems are the backbone of many businesses, providing a platform to streamline processes and improve efficiency. Implementing an ERP system is a substantial investment in both time and resources, and the outcome largely depends on the ability and commitment of the implementation team. However, many ERP implementations require a specialized skill set that can be acquired through the involvement of a consulting firm.

59

59

CPA Practice

JUNE 20, 2024

LeaseCrunch LLC , a leading lease accounting software company, has appointed Mark Weidick, Jessica Hamilton and Miguel Perez to its executive leadership team. Weidick joins LeaseCrunch as the chief executive officer bringing with him more than 20 years of experience in the technology industry as a business operator and entrepreneur. Most recently, Weidick served as president of the Commercial Division at Onit, a leader in AI-enabled legal and business workflow solutions, where he quadrupled the

cpa firm 59

cpa firm accounting software Legal CPA 59

Accounting Today

JUNE 20, 2024

Paul English plans to further extend the accounting and advisory firm network to more countries.

Account 77

Account accountant accounted accounting firms 77

Advertisement

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

CPA Practice

JUNE 20, 2024

Corpay, Inc., a global provider of corporate payments, has announced the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s leading position in the payment industry and strengthens its presence in the Asia-Pacific region. “Our decision to establish a presence in New Zealand underscores our commitment to prioritizing our current and future clients’ evolving needs” says David Britten, Managing Direc

59

59

Withum

JUNE 20, 2024

Withum is proud to share that the L.A. Times B2B Publishing has named Kevin D. Holmes on their list of Business of Entertainment Visionaries for 2024. Kevin D Holmes, a partner in Withum’s Los Angeles office, specializes in audit, business advisory and internal controls consulting. He has three decades of experience serving private and public companies and not-for-profit entities in various industries.

Entertainment 52

Entertainment B2B audit Account 52

CPA Practice

JUNE 20, 2024

Patriot Software’s founder and former CEO, Mike Kappel has introduced that Kyle Dreger is the new CEO of Patriot Software, effective immediately. Kappel, known as the feisty and gritty founder that started the first Patriot Software company in the basement of a factory without heat or air conditioning, has once again taken the unconventional path. “Some entrepreneurs who have the title CEO wait too long to install their replacement.

Ohio 52

Ohio payroll Account accountant 52

Withum

JUNE 20, 2024

Factors, Options and Tips to Understand and Optimize Your NetSuite Investment This Oracle NetSuite Pricing Guide provides information on understanding and optimizing NetSuite ERP Licensing pricing for business solutions. It explains the different options and factors that affect the cost of NetSuite licenses, such as Edition, Service Tier, Modules, Users, eCommerce, Implementation, Customization, Integration, Training and Support.

NetSuite 52

NetSuite Management Consulting Gaming Account 52

Advertiser: Paycor

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

CPA Practice

JUNE 20, 2024

A Top Technology Initiative Article. Now that the spring conference season has been completed, I can report on observations from the CPA Practice Advisor Mashup event, AICPA Engage, and Scaling New Heights. The insights from speakers, meetings, and announced innovations from publishers have made this spring’s travel season worthwhile. Although I am not trying to provide my travel itinerary or impress you, I thought having a list of events where I spoke or had meetings this spring would be helpfu

Technology 52

Technology income tax quickbooks bookkeeping 52

Anders CPA

JUNE 20, 2024

The speed of innovation and technological advances over the past decade has been transformative for all businesses, 100-year-old companies and growing startups alike. Baseball’s storied history in America has played a huge role in its popularity, but like any other business, it’s had to evolve to keep up with technology and customer expectations. St.

Gaming 52

Gaming Entertainment CPA 52

CPA Practice

JUNE 20, 2024

Top 500 accounting firm PAAST, based in Coral Gables, FL, merged with SKJ&T (Sanson, Kline, Jacomino & Tandoc), a CPA firm in Miami, effective May 1. Under the terms of the merger agreement, SKJ&T now operates under the PAAST banner. The combined firm continues to work out of their existing offices in Coral Gables and Miami. The combined entity will continue to provide accounting, tax, and advisory services to clients.

cpa firm 52

cpa firm CPA Florida forensic accounting 52

Summit CPA

JUNE 20, 2024

Many people have two conceptions about what LinkedIn is. You probably think that LinkedIn is either a.) a place to update your virtual resume or b.) a place to network in a rigid, professional way. That second purpose isn’t exactly wrong. LinkedIn can grow your network. But it also doesn’t capture the personality and personal brand that you can infuse into your LinkedIn strategy.

CPA 52

CPA Account accountant accounted 52

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

CPA Practice

JUNE 20, 2024

SmartVault, a document management and client portal platform purpose-built for accounting professionals, has acquired SmartPath, a pricing intelligence and revenue optimization platform for the accounting profession. The acquisition, completed on April 4, 2024, accelerates SmartVault’s offering in Client Advisory Services (CAS), an important and growing category of service offerings for accounting firms – from micro-businesses to larger high-growth firms.

Education 52

Education accounting firms Account accountant 52

Anders CPA

JUNE 20, 2024

Automation technology has revolutionized the way businesses operate, streamlining processes and increasing productivity. But what is automation and how can it benefit your organization? Understanding the different types of automation technology and its various uses in the workplace is crucial for driving growth and success. Whether you are looking to improve workflow efficiency, reduce errors in business processes or enhance customer experiences, automation can play a key role in helping you ach

Technology 52

Technology Accounts Payable Automation accounts payable Approval Workflows 52

FraudFiles

JUNE 20, 2024

It is sometimes difficult to determine the income of individuals who will be paying child support or spousal support. This can often be the case when dealing with self-employed individuals. If the reports of income made by the spouse or parent don’t seem to make sense, it may be necessary to look at his or [.

52

52

Anders CPA

JUNE 20, 2024

The speed of innovation and technological advances over the past decade has been transformative for all businesses, 100-year-old companies and growing startups alike. Baseball’s storied history in America has played a huge role in its popularity, but like any other business, it’s had to evolve to keep up with technology and customer expectations. St.

Gaming 52

Gaming Entertainment CPA 52

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology