Airbase

NOVEMBER 1, 2023

In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov

Expense Management 130

Expense Management Technology NetSuite Approval Workflows 130

RogerRossmeisl

OCTOBER 29, 2023

If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of your benefits package, and the coverage is higher than $50,000, there may be undesirable income tax implications. You’re taxed on income you didn’t receive The first $50,000 of group term life insurance coverage that your employer provides is excluded from taxable income and doesn’t add anything to your income tax bill.

Tax 223

Tax income tax CPA 223

ThomsonReuters

OCTOBER 31, 2023

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception. While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.

accounting jobs 52

accounting jobs accountant jobs accounts jobs accountant 52

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.

accountant 86

accountant Account accounted audit 86

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

Canopy Accounting

NOVEMBER 1, 2023

Sean Duncan, founder of SMD Consulting & Accounting, talks about how he navigated the challenging terrain of transforming a traditional accounting practice into a future-facing firm. We'll dive into the importance of aligning personal and professional goals, and discuss the game-changing role of technology adoption in achieving work-life balance.

Technology 59

Technology accountant Account accounted 59

AccountingDepartment

NOVEMBER 1, 2023

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

accounted 104

accounted Account accountant 104

Accounting Today

OCTOBER 30, 2023

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

Tax 132

Tax 132

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.

Real Estate 215

Real Estate CPA Tax cpa firm 215

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.

CPA 102

CPA management accounting management accounts accountant 102

TaxConnex

NOVEMBER 2, 2023

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. (Look out for our December webinar for an additional CPE credit!)  As you are contemplating your clients’ needs and identifying tax planning for them, don’t forget about sales tax planning as well.

Sales 227

Sales Tax income tax tax planning 227

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

BurklandAssociates

OCTOBER 31, 2023

Part two of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-Two, Projections & Plans appeared first on Burkland.

162

162

RogerRossmeisl

OCTOBER 29, 2023

Intangible assets — such as patents, copyrights, trademarks and customer lists — can have substantial value. But, unless they’re purchased from a third-party, you might not know what they’re currently worth. For example, if a business cultivates a well-known brand over several years using internal resources, it won’t appear on its balance sheet. Owners of intangibles need to know the value of these assets in various situations.

accounting principles 226

accounting principles CPA accountant Account 226

MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable. However, our representation firm led by experienced EAs, tax professionals specialize in these very problems.

Tax 130

Tax tax return audit tax preparation 130

Airbase

NOVEMBER 2, 2023

Virtual cards are a game-changer for accounts payable departments. They’re an efficient solution for any business looking to streamline their expense management and procurement processes. In addition to greater control, security, and flexibility, virtual card payments can save finance teams hours of tedious work. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half.

accounts payable 130

accounts payable accountant Account accounted 130

Advertisement

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

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

tax return 132

tax return income tax Real Estate Tax 132

RogerRossmeisl

OCTOBER 29, 2023

Let’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, endorser or indemnitor of a debt obligation of your closely held corporation, be aware of the possible tax implications. If your corporation defaults on the loan and you’re required to pay principal or interest under the guarantee agreement, you don’t want to be caught unaware.

Tax 221

Tax CPA cpa firm business tax 221

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.

tax preparation 130

tax preparation Tax tax return income tax 130

Airbase

NOVEMBER 1, 2023

In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov

Expense Management 130

Expense Management Technology NetSuite Spend Management 130

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

NOVEMBER 2, 2023

Officials from the IRS's Criminal Investigation division met with tax officials from four other countries to uncover tax evasion and money laundering schemes through data mining.

Tax 130

Tax 130

RogerRossmeisl

OCTOBER 29, 2023

Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the median price of existing homes sold in July of 2023 rose 1.9% over July of 2022 after a couple years of much higher increases. The median home price was $467,500 in the Northeast, $304,600 in the Midwest, $366,200 in the South and $610,500 in the West.

Tax 213

Tax income tax CPA Sales 213

CPA Practice

NOVEMBER 3, 2023

By Andrew Argue, CPA. People are nervous. College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent? It’s not just the macro stats causing concern.

accountant 124

accountant Account accounted Technology 124

Airbase

NOVEMBER 1, 2023

Boring. Tedious. Finicky. Something to put off … indefinitely. That’s how many people think of expense reporting. One survey found a majority would rather do their taxes than file expense reports! Our collective distaste for this necessary evil even costs us money, as many people end up paying for business expenses because they can’t be bothered to request reimbursement.

Expense Management 130

Expense Management AP Automation Technology audit 130

Advertisement

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.

Accounting Today

NOVEMBER 1, 2023

In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.

Technology 142

Technology 142

RogerRossmeisl

NOVEMBER 1, 2023

As reported via IR-2023-202 on 11/1/2023 IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the IRS.

Tax 212

Tax CPA Sales 212

Withum

NOVEMBER 3, 2023

The subject of accounting standards is of utmost importance in the business world. With the ever-evolving nature of the global economy, it becomes imperative to align accounting practices and regulations with the changing needs of organizations. To this end, the Accounting Standards Update 2023-01 Leases (Topic 842): Common Control Arrangements offers valuable insights and guidelines for entities involved in such transactions.

accounting standards 124

accounting standards accountant Account accounted 124

CPA Practice

OCTOBER 31, 2023

By Angela Ruth, Kiplinger Consumer News Service (TNS) Trying to start a business or take one to the next level can be expensive. You might be increasing your staffing, starting a marketing campaign or developing a new product. Self-funding is often recommended, but that isn’t a possibility for everyone. Getting a business loan from your bank is certainly a possibility, but there are other funding sources available.

Missouri 124

Missouri Agriculture Finance Washington 124

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.

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.

Technology 130

Technology accounting firms accounted Account 130

RogerRossmeisl

OCTOBER 29, 2023

When criminals profit from illicit activities, they usually need to “clean” or disguise the proceeds of their crimes. Money laundering disconnects illegally acquired funds from sources that include theft, drug trafficking and terrorism. This makes it harder for law enforcement to connect the dots, arrest the perpetrators and seize their money. Unfortunately, money launderers often use innocent small businesses to clean their dirty money.

CPA 201

CPA accountant Account accounted 201

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.

Education 116

Education top accounting firms accounting firms accountant 116

CPA Practice

NOVEMBER 1, 2023

Is your company requiring more employees to return to the business premises? They may be reluctant to do so, but you can offer some new accommodations that might make things more worthwhile. For example, your company may provide a gym or similar athletic facility on the premises so employees can work out before or after work hours (or maybe even during lunch) There are several potential benefits such as creating goodwill and improving morale—not to mention fostering better health among workers—p

Tax 119

Tax Maine 119

Advertisement

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.