Accounting Today

JUNE 11, 2024

The Internal Revenue Service has announced several new policy updates now that tax season has ended.

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Tax 128

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. However, implementing clear policies, fostering effective communication, and leveraging technology can help organizations navigate the ever-evolving landscape of remote and hybrid work.

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accounting firms accountant accounted Account 59

Insightful Accountant

JUNE 9, 2024

A new feature rolling out this month allows firms using QBO-Accountant to manage their team member's access to their client's books.

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accounted Account accountant 103

Summit CPA

JUNE 13, 2024

What is the ideal client concentration? How high is too high of a concentration? What do you do if your concentration is too high? Find out in this post.

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CPA accountant accounted Account 52

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Finance

Shay CPA

JUNE 12, 2024

Earlier this year, we teed up some accounting tips to help set you up for success. Bookkeeping tips, then, might seem a little redundant. But there’s a key difference. Accounting requires some level of analysis of your company’s financial situation. Bookkeeping focuses solely on keeping track of your financial data. In some ways, that makes it simpler.

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bookkeeping bookkeeping software accounting and finance quickbooks 52

Canopy Accounting

JUNE 10, 2024

The accounting talent shortage is impacting many firms, but that doesn’t mean it has to affect yours. Learn the simple system to go from, “Where can I find talent” to top talent asking you “How can I work for you?

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accounted accountant Account 76

Insightful Accountant

JUNE 11, 2024

Intuit recently launched something they are calling Accountant Approved Apps; I must say that I was somewhat disappointed by these 'groupings.

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accountant accounted Account 75

TaxConnex

JUNE 13, 2024

It seems like yesterday when only physical nexus ignited a company’s sales tax obligations in a state. Six years ago this month, that changed with one court decision. These days selling a certain amount remotely into a state or other tax jurisdiction (one that has a sales tax, anyway) means your company must collect and remit sales tax – a complication of doing business that’s probably going to only get more complicated in the years ahead.

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BurklandAssociates

JUNE 11, 2024

A clear grasp of TAM can be the difference between securing essential funding and falling short. The post Estimating Your Startup’s Total Addressable Market (TAM) appeared first on Burkland.

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Accounting Today

JUNE 13, 2024

The annual list recognizes top leaders from accounting firms across the country.

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accounted accountant Account accounting firms 132

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

Technology

MyIRSRelief

JUNE 14, 2024

Receiving an audit notice from the Internal Revenue Service (IRS) can be a daunting experience for any taxpayer. However, understanding the audit process and knowing your rights and options can significantly ease the stress. This article will delve into the intricacies of IRS audits, outline the steps you should take upon receiving an audit notice, and explain how an Enrolled Agent (EA) can represent and assist you throughout the process.

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audit tax return Tax Education 130

TaxConnex

JUNE 11, 2024

Do you need a state sales tax permit? How about a sales tax license? How about a sales tax certificate of authority? Did you know they’re all the same thing? How do you spell “FEIN” anyway, and when do you need one to sell into a state? Collecting and remitting sales tax after you hit economic or physical nexus in a state comes with a lot of questions – and you usually answer no small number of questions to register for sales tax.

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Sales Tax North Dakota Nebraska 264

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. With the sunsetting of the 199A deduction and an increase in individual federal income tax rates scheduled to occur as of December 31, 2025, the effective tax rate for pass-through entity owners will jump from 30% to 39.6%.

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Accounting Today

JUNE 14, 2024

Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.

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Account

CPA Practice

JUNE 9, 2024

Rosie Manins, The Atlanta Journal-Constitution (via TNS) The trade association for online marketplaces including Google, Amazon and eBay is trying to void a new Georgia law that extends requirements for collecting seller information, alleging it will hurt Georgia businesses. NetChoice filed a lawsuit Thursday against Georgia Attorney General Chris Carr, claiming Georgia’s “Combating Organized Retail Crime Act” is unconstitutional and conflicts with a federal law that already requires online mark

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Going Concern

JUNE 13, 2024

At least they said “attractive” and not “sexy.” According to a press release they put out yesterday , EY plans to invest a billion dollars over three years on talent and technology “to revolutionize the experience of early career accounting professionals and improve the attractiveness of the profession.” Let’s see what exactly they think that looks like: This investment includes a significant increase in early career compensation, artificial intelligence

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accounted Account accountant accounting degree 116

Insightful Accountant

JUNE 13, 2024

The 2025 ProAdvisor Awards process will launch earlier than ever, so I can think of nothing to help motivate and prepare you than Matt Fulton's article setting forth the "right stuff" to becoming the 'Best of the Best.

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Accounting Today

JUNE 12, 2024

Keila Hill-Trawick founded her firm, Little Fish Accounting, in 2018 after she started helping her friends with their taxes as a side hustle.

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Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

Finance

CPA Practice

JUNE 13, 2024

By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA. The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 million for individuals and $27.22 million for married couples). However, these exemption amounts are set to expire on Jan. 1, 2026, and—absent new legislation before then—will revert to approximately $7 million for individuals and $14 million for married couples, subject

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Real Estate Tax income tax Illinois 124

Going Concern

JUNE 11, 2024

So FT ran this yesterday: ‘ Private equity groups poised to own one in three top US accounting firms ‘ and in it, they paraphrased people familiar with the matter as saying “ten of the 30 largest US accounting firms could soon be in private equity hands.” The article goes on to say: The acquisitions by financial buyers of those two top-10 firms by revenue opened the floodgates to other deals, the people said, positioning private equity to increase its influence over the U

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Alabama accounting firms Sales accounted 113

Patriot Software

JUNE 14, 2024

Benefits matter to 81% of employees, which means your benefits package is an important recruitment and retention tool. From traditional benefits, like health insurance, to newer benefits, like student loan repayment, you’re always looking for the next best thing. Have you heard of employee assistance program (EAP) benefits? What is EAP, exactly?

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payroll tax payroll Tax 105

Accounting Today

JUNE 14, 2024

For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.

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Tax 126

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

Technology

CPA Practice

JUNE 9, 2024

More than 5,000 tax, accounting and financial professionals participated in-person and virtually in AICPA Engage 2024, the largest annual educational, technology and networking event. Engage 2024 was held June 2-6, 2024, at the Aria Resort and Casino in Las Vegas. On June 2, CPA Practice Advisor brought together more than two dozen of the profession’s most respected technology and professional influencers for the Accounting Thought Leader Think Tank, for discussions, demonstrations, and round-ta

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Technology CPA Education audit 119

Going Concern

JUNE 13, 2024

ConvergenceCoaching has opened up responses for their Anytime, Anywhere Work survey and you are invited to contribute. The survey is open to either of these: The Firm Leadership portion of the survey is designed for completion by one person for each accounting and consulting firm — usually the Managing Partner or a top HR professional. Those leaders are asked to provide information about their firm’s remote and flex work practices.

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accounted Account accountant 106

Cherry Bekaert

JUNE 10, 2024

For fast-growing companies, becoming a C corporation for income tax purposes can offer significant tax savings for their shareholders. Section 1202 of the Internal Revenue Code (IRC) is a powerful tool for attracting investors with funds to fuel a company’s growth. To qualify for these tax benefits, both the company and shareholder must meet specific requirements, and non-compliance can result in missed opportunities for savings.

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Accounting Today

JUNE 13, 2024

In advance of World Elder Abuse Awareness Day, the Internal Revenue Service is highlighting how criminals target older citizens.

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Tax 126

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

CPA Practice

JUNE 14, 2024

The Internal Revenue Service has issued a renewed warning about the rising threat of impersonation scams, which often target older adults by pretending to be government officials, in an attempt to steal sensitive personal information and money. By posing as representatives from agencies such as the IRS, or other government agencies, these fraudsters use fear and deceit to exploit their victims.

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AccountingDepartment

JUNE 13, 2024

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

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Going Concern

JUNE 11, 2024

The SEC announced today that current PCAOB Chair Erica Y. Williams has been appointed for a second term that begins on October 25, 2024 and ends on that same day in 2029. She’s been in the big chair at the PCAOB (no pun) since January of 2022 after she was brought in after a bit of a coup involving her predecessor William Duhnke. So this will be her first full five-year term.

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audit accounted Account accountant 104

Accounting Today

JUNE 12, 2024

Strategies, tactics and best practices from Accounting Today's Firm Growth Forum.

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accounted Account accountant 124

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accounting and finance