CPA Practice

OCTOBER 3, 2023

Starting salaries for roles in tax services are projected to increase an average of 3.6% in 2024, while audit and assurance services will see starting salaries likely go up an average of 3.8% next year, according to a CPA Practice Advisor analysis of public accounting pay data provided by specialized staffing firm Robert Half. Robert Half’s salary guide for 2024 was released on Monday, featuring starting salary projections for a plethora of roles in accounting and finance.

public accounting 121

public accounting Account accounted accountant 121

ThomsonReuters

OCTOBER 4, 2023

Jump to: How many accounting firms use AI? How do the Big 4 use artificial intelligence? How do smaller accounting firms use AI? How does AI impact workflow? In today’s fast-paced business world, ignoring technology is not an option, and the field of accounting is no exception. Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients.

accounting firms 111

accounting firms Technology Account accounted 111

Withum

OCTOBER 3, 2023

The IRS announced on September 14, 2023 a processing moratorium on new employee retention credit (ERC) claims. This means that it will not process any newly filed ERC claims until it works through its backlog of more than 600,000 claims, which it estimates will not occur until next year. The moratorium does not mean that the IRS is shutting down the ERC program because the IRS does not have the power to do that; only Congress and the President can do that.

income tax 122

income tax audit tax return Tax 122

Going Concern

OCTOBER 3, 2023

Staffing authority Robert Half has released its much-anticipated 2024 Salary Guide and just like years past, the guide is packed with intel not only on finance and accounting but the greater job market that we really don’t care about. We’ll be deconstructing various aspects of the guide over the next few weeks, for now we’re taking a look at basic public accounting salaries and service lines.

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public accounting accountant salary Account accounted 134

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

TaxConnex

OCTOBER 5, 2023

Automated sales tax software promises to manage your filing and payments, but there’s more to sales tax compliance. Nexus and taxability Even before the Supreme Court’s Wayfair decision five years ago, states had nexus thresholds, often hinging on a company’s physical presence in a state (offices, warehouses, personnel). Wayfair opened the way for all states with a statewide sales tax to now have economic nexus thresholds set by dollar amount or volume of sales.

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Sales Tax Missouri auditor 147

Wellers Accounting

OCTOBER 3, 2023

Everything you need to know to answer the question what is Capital Gains Tax in the UK, from an explanation of the concept, to how it's applied.

Tax 98

Tax 98

Going Concern

OCTOBER 4, 2023

The Wisconsin Institute of Certified Public Accountants (WICPA) has announced — and in typical Midwestern fashion was pleased to do so — that Governor Tony Evers and the state of Wisconsin have designated November 2023 as CPA Appreciation Month. Free pizza for everyone on the governor? Not quite. In November, dozens of Wisconsin CPAs are heading to high schools throughout the state to preach the joys of a career in accounting (that’s not as sarcastic as it sounds) and inform st

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Wisconsin cpas CPA public accounting 124

MineralTree

OCTOBER 5, 2023

The end of month close process plays a vital role in ensuring the accuracy, integrity, and transparency of financial records for businesses of all sizes. Making this monthly ritual effective and efficient can mean the difference between informed decision-making and costly errors. Read on to learn the benefits of streamlining and optimizing the accounts payable month-end close process, including information on best practices and the role of automation in achieving operational excellence.

AP Automation 76

AP Automation accounts payable AP Processes accounting and finance 76

GrowthForceBlog

OCTOBER 5, 2023

9 min read Market companies. Within this middle ground of the market, businesses are often growing and changing quickly, and this can cause growing pains for businesses that result in operational challenges, expenses that balloon out of control, and shrinking profit margins.

Account 87

Account accounted accountant bookkeeping 87

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. A break from holidays? This year, states reportedly will forgo a combined $1.6 billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. Virginia, to name one state, just voted to reinstate their holiday.

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Sales Louisiana Tax Tennessee 147

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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

Accounting Today

OCTOBER 4, 2023

The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.

Tax 138

Tax tax preparation income tax 138

CPA Practice

OCTOBER 2, 2023

By Dave Charest. Small businesses (SMBs) are a busy bunch. On any given day, they might be fulfilling orders, engaging with customers in-person, managing staff, doing their books — plus dozens of other tasks. Most would relish an opportunity to gain back an extra hour, or save some extra money. Luckily, those goals (and others) are attainable thanks to artificial intelligence (AI) and marketing automation.

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Technology Sales bookkeeping accountant 131

BurklandAssociates

OCTOBER 5, 2023

New industry research, planning templates, eBooks, podcasts, and articles to help SaaS startups plan and scale their financial operations. The post SaaS Finance Toolkit Updates for 2023 appeared first on Burkland.

Finance 130

Finance 130

MyIRSRelief

OCTOBER 2, 2023

Starting a new business in Los Angeles area is an exciting time, but it can also be overwhelming. There are so many things to think about, from developing a business plan to marketing your products or services. One of the most important things to consider is accounting and bookkeeping. If you’re new to business, you may be wondering why accounting and bookkeeping are so important.

tax services 130

tax services bookkeeping bookkeeping services Tax 130

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

Accounting Today

OCTOBER 4, 2023

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

Tax 133

Tax Account accounted accountant 133

CPA Practice

OCTOBER 4, 2023

New research from Avalara , a provider of tax compliance automation software for businesses of all sizes, has found that 84% of CFOs surveyed in the United States (U.S.) and United Kingdom (U.K.) face a significant talent shortage within their accounting and finance teams. The problem is more severe in the UK, with nearly all (92%) surveyed CFOs in the country struggling to recruit their needed finance talent compared to three-quarters (76%) of CFOs surveyed in the U.S.

Technology 128

Technology accounting and finance Finance audit 128

Going Concern

OCTOBER 2, 2023

Fun number of the day: 95%. That’s the percentage of hiring managers in finance and accounting having trouble finding skilled talent according to recent Robert Half research. The figures come from a survey of hiring managers and employees from small (20-249 employees), midsize (250-499 employees) and large (500-plus employees) private, publicly listed and public sector organizations.

accounting and finance 126

accounting and finance Finance auditor Account 126

Xero

OCTOBER 1, 2023

Over the last 12 months, millions of customers around the world have been impacted by some of the biggest data breaches in history. As a small business or advisor working with sensitive personal and financial information every day, the stakes are high. If your business or practice experienced a data breach, it could have a serious impact on your livelihood.

Start-ups 118

Start-ups accountant accounted Account 118

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

Accounting Today

OCTOBER 2, 2023

The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill.

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Government Tax 133

CPA Practice

OCTOBER 2, 2023

The number of job openings and quits in the United States has been on a downward trend for several months, according to data from the Bureau of Labor Statistics. This is good news for employers overall. However, it doesn’t mean CPA firms are finding it any easier to staff available positions — or hold on to the valued employees they already have in place.

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accounting and finance cpa firm CPA Finance 128

Going Concern

OCTOBER 6, 2023

On Wednesday we were tipped to several people at the manager+ level in transaction services getting laid off from Deloitte, all of whom were working remotely. And then this reply the artist formerly known as Twitter mentions layoffs in audit: We talked all the time in grad school (approx 6 years ago) that there was no way the (then) current model would be sustainable… I think it’s finally starting to crumble.

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audit Start-ups 125

Withum

OCTOBER 5, 2023

Explore Other Episodes #CivicWarriors #WithumImpact The post Corporate Giving With the PSEG Foundation appeared first on Withum.

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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

Accounting Today

OCTOBER 4, 2023

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.

tax preparation 132

tax preparation Tax 132

CPA Practice

OCTOBER 2, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. Automatic extensions are available to virtually anyone who request it. This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline.

South Carolina 124

South Carolina Tax Georgia income tax 124

Going Concern

OCTOBER 5, 2023

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. As your firm adds new clients, takes on more work, and hires additional employees, old-school project management processes can quickly become obsolete. However, all is not lost! There are proven strategies that can guide your project management toward efficiency and success—although, it took some serious digging for us to find them.

accounting firms 119

accounting firms Account accounted accountant 119

Withum

OCTOBER 3, 2023

In this episode, Mark Eckerle sits down with Ryan Babiak, a Tax Partner at Withum, to delve into the taxation of cryptocurrency.

Tax 115

Tax 115

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

Accounting Today

OCTOBER 5, 2023

The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.

Tax 131

Tax 131

CPA Practice

OCTOBER 3, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) If you’re a Kansas City Chiefs fan or a “Swiftie,” you might have wondered recently whether Travis Kelce and Taylor Swift are dating. But all the excitement and talk about Taylor’s appearance at an NFL game has also raised questions about what Eras Tour tickets have to do with taxes. So, to sort out some of the confusion, here’s what you need to know about how reselling concert tickets (not just those for Swift’s tour) might impact your

income tax 122

income tax tax return Kansas Tax 122

Going Concern

OCTOBER 2, 2023

Hey, welcome to October. You have my permission to start putting up those Halloween decorations now. Let’s get right to it! The news, I mean. Here’s something for anyone who needs it (you know who you are): Back in the office? Here’s how to be professional in the workplace Bloomberg explains the PwC Australia tax scandal’s impact on firm governance in many words, a good read for anyone who still doesn’t understand what’s going on over there and what happened last week wit

North Dakota 119

North Dakota Account accounted accountant 119

Cherry Bekaert

OCTOBER 5, 2023

Accounting , fondly known as the ‘language of business,’ tells the story of how a business is performing. It is one of the oldest-known professions dating as far back as 3500 BC, when the ancient Sumerians charged royal scribes with performing record-keeping duties. (1) Fast-forward to present day and the fundamental concepts performed by modern bookkeepers and accountants remain, but functionality and performance look vastly different in the age of all things digital.

Real Estate 115

Real Estate Account accounted accountant 115

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