Accounting Today

FEBRUARY 19, 2024

Many services can be marketed to new clients as well as to existing clients. Once you begin adding services to your clients, more develop.

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cpas Account accounted accountant 132

Accounting Today

FEBRUARY 20, 2024

The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the employee retention credit and educating tax professionals about the problems they can encounter.

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Education Tax 128

Insightful Accountant

FEBRUARY 19, 2024

For small tax practitioners, a consistent flow of new clients is vital for growth. Balancing return completion with lead generation during tax season is key. Building a client pipeline year-round ensures continuous business development.

Tax 104

Tax 104

CPA Practice

FEBRUARY 21, 2024

More than 20 of the accounting profession’s thought leaders convened in Dallas on February 20, 2024, for three days of discussions and panels focused on the key trends and most significant challenges currently faced by professionals and firms, as well as emerging issues that are likely to shape firms in the near future. Ed Kless. The initial discussion topic focused on how human nature is to adapt to overcome constraints on resources.

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Technology CPA Account accounted 75

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

RogerRossmeisl

FEBRUARY 18, 2024

The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. (1) What are this year’s deadlines? The filing deadline to submit 2023 returns or file an extension is Monday, April 15, 2024, for most taxpayers.

Tax 159

Tax Massachusetts income tax tax return 159

Anders CPA

FEBRUARY 20, 2024

The process of determining the value of an agency is a crucial step for any current owner, potential acquirer or agency merger partner. By determining your agency’s value, whether it’s a marketing, advertising, design or other creative agency, you gain practical and valuable insights. This awareness of your agency’s true value can inform negotiations and business decisions for transition planning, a possible sale or merger and securing financing.

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Finance CPA Sales 105

RogerRossmeisl

FEBRUARY 18, 2024

When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need to understand the tax issues involved. Here are nine considerations: 1. You may qualify for the pass-through deduction. To the extent your business generates qualified business income, you’re currently eligible to claim the 20% pass-through deduction, subject to limitations.

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Tax CPA business tax 159

Summit CPA

FEBRUARY 19, 2024

Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, SEO-PPC agencies, as well as product-only. Usually founded by people with creative and technical expertise, these marketing businesses often grow out of a partnership, with one business owner leading the development efforts and the other in charge of sales.

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Account accounted accountant CPA 52

TaxConnex

FEBRUARY 20, 2024

At the beginning of January we announced the release of our annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax. 5 of our key findings are

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Sales Tax Finance 264

SMBAccountant

FEBRUARY 19, 2024

Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. When reviewing such contracts, key considerations include a thorough examination of the scope of work, payment terms, performance metrics, and compliance with regulations. Utilizing tools like Suppl-O contract briefs can significantly aid in the efficient review process by highlighting changes, facilitating quick reference, and ensuring transparency.

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Government accounting principles Legal accountant 246

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Technology

RogerRossmeisl

FEBRUARY 18, 2024

Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was enacted at the end of 2022, brought even more changes that made IRAs more advantageous for many taxpayers. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview of the basic rules and some of the recent changes.

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Tax CPA 179

BurklandAssociates

FEBRUARY 20, 2024

Your people will drive your business to success when they are highly engaged and know where the ship is headed. The post Do Your Startup’s Employees Have a Sense of Purpose? appeared first on Burkland.

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TaxConnex

FEBRUARY 22, 2024

Not long ago, clicking a computer mouse to buy something was an idea of science fiction. Today, of course, e-commerce is how a significant amount of shopping takes place in general. Capital One reports that global e-commerce retail sales will hit some $6.91 trillion this year, up 9.5% from total e-commerce retail sales in 2023. Projections indicate that value will increase to $8.03 trillion in 2027.

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E-commerce West Virginia Kansas Virginia 264

Accounting Today

FEBRUARY 23, 2024

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

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accounting standards Account accounted accountant 137

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

RogerRossmeisl

FEBRUARY 18, 2024

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently released guidance about the accounts (in Notice 2024-22) and the U.S. Department of Labor (DOL) published some frequently asked questions to help employers, plan sponsors, participants and others understand them.

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Account accounted accountant CPA 167

MyIRSRelief

FEBRUARY 23, 2024

Facing the IRS can be a daunting experience, especially when dealing with unpaid back taxes, unfiled returns, and the looming threat of bank levies. For many, the stress and confusion surrounding tax debt can feel overwhelming. However, it’s crucial to understand that there are avenues available to navigate this complex terrain. In this comprehensive guide, we’ll delve into the intricacies of IRS bank levies, the repercussions of unpaid back taxes and unfiled returns, and the invalua

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tax return Tax CPA accounting and finance 130

Acterys

FEBRUARY 22, 2024

As organizations increasingly rely on cloud-based software solutions, the ease of subscribing to and implementing SaaS applications has led to a rapid growth in their adoption. However, this widespread adoption often leads to SaaS sprawl. As a result, CIOs and CTOs are faced with increased costs, security risks, and integration complexities. According to Gartner, 61% of software buyers plan to increase their technology investments in 2024.

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Accounting Today

FEBRUARY 21, 2024

While property and unemployment insurance taxes are universal in every state, many of the best states for doing business do not have corporate, sales or individual income taxes.

income tax 137

income tax Tax Sales 137

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

RogerRossmeisl

FEBRUARY 18, 2024

You may already be familiar with artificial intelligence (AI) and even use it in business applications. What about generative AI (Gen AI)? Gen AI typically is used to create new content (such as text, images, code and video) from raw data and includes such popular systems as Grok, ChatGPT and DALL-E. Gen AI can also help reduce, uncover and combat fraud.

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Legal CPA Technology 142

Withum

FEBRUARY 21, 2024

The new beneficial ownership reporting under the Corporate Transparency Act was signed into law on January 1, 2021 and took effect on January 1, 2024. Many small businesses are required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a division of the US Treasury Department, as part of an effort to create a national database for use by national security and law enforcement agencies to prevent the use of shell companies for criminal activi

income tax 125

income tax tax return Tax accounting and finance 125

Acterys

FEBRUARY 20, 2024

Fast-growing companies are constantly adopting new technology and systems, but each addition means another layer of complexity for your business data. Information quickly becomes scattered across disparate data sources, systems, and departments. When businesses don’t have unified data, they struggle to identify sales trends, cost optimizations, or supply chain bottlenecks.

Finance 130

Finance Sales Start-ups Technology 130

Accounting Today

FEBRUARY 21, 2024

The Internal Revenue Service will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers.

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audit corporation tax Tax 130

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

RogerRossmeisl

FEBRUARY 18, 2024

When the parties know what to expect at each phase of a business valuation project, it makes the process easier for everyone. This awareness promotes collaboration and timeliness, as well as minimizes potential surprises, misunderstandings and rework. Here’s the five-step process that’s used when valuing a business or interest in a business. Engaging a valuation expert The first step is retaining a business valuation professional and agreeing on the price, deliverables and scope of the assignmen

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Legal CPA 134

Withum

FEBRUARY 21, 2024

Withum is excited to share that USA TODAY and Statista named the Firm on the list of America’s Most Recommended Tax and Accounting Firms 2024. For the first time, USA TODAY and Statista awarded the titles of “America’s Most Recommended Tax Firms” and “America’s Most Recommended Accounting Firms” through an independent survey based on the number of recommendations received from peers, clients and additional company data.

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accounting firms Tax Account accounted 119

Acterys

FEBRUARY 20, 2024

Versatility and Enhanced Data Integration Helps Acterys Planning Platform Stand Out (Chicago, Il., February 19, 2024) – Acterys, a leading provider of corporate performance management (CPM) solutions, has been recognized as an accelerator in the 2024 CPM Technology Value Matrix by Nucleus Research. This acknowledgement underscores Acterys’ commitment to delivering exceptional customer value through its innovative and user-friendly CPM platform.

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Technology Finance 130

Accounting Today

FEBRUARY 20, 2024

In the wake of President's Day, and in the midst of tax season, take a minute to learn about Washington's and Lincoln's key contributions to the U.S. tax system.

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Washington Tax income tax 130

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

RogerRossmeisl

FEBRUARY 18, 2024

The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to retain employees. Even though the ERTC expired for most employers at the end of the third quarter of 2021, it could still be claimed on amended returns after that. According to the IRS, it began receiving a deluge of “questionable” ERTC claims as some unscrupulous promotors asserted that large tax refunds could easily

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CPA Tax business tax 118

Withum

FEBRUARY 20, 2024

The goal of minimizing tax liability likely drives a desire to discover new advantages in the tax law. If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. We can help. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments.

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Tax tax planning tax services 119

Acterys

FEBRUARY 20, 2024

Fast-growing companies are constantly adopting new technology and systems, but each addition means another layer of complexity for your business data. Information quickly becomes scattered across disparate data sources, systems, and departments. When businesses don’t have unified data, they struggle to identify sales trends, cost optimizations, or supply chain bottlenecks.

Finance 130

Finance Sales Start-ups Technology 130

Accounting Today

FEBRUARY 23, 2024

The changes underway in setting global taxes are leading to confusion for many countries that authorities are trying to alleviate.

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Tax corporation tax 128

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