Insightful Accountant

DECEMBER 27, 2023

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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Going Concern

DECEMBER 27, 2023

Today is December 27, assuming there is no accounting firm in the entire country shitty enough to lay people off just days before the end of the year (a generous assumption), we should be able to tally up how many people were shown the door in 2023. These are U.S. numbers for Big 4 and mid-tier firms only, if we missed some get in touch. Also, these layoff numbers include only layoffs that were A) confirmed and B) counted by the firm as layoffs, meaning this year’s aggressive PIP usage and

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AccountingDepartment

DECEMBER 26, 2023

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

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accountant Account accounted 86

CPA Practice

DECEMBER 27, 2023

By Adam Lean, Co-Founder & CEO, The CFO Project. In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. What is the Accountant’s Trap you might ask? It’s where financial professionals are trapped working long hours for low fees, are forced to deal with high-demanding clients,while being burnt out on compliance and transactio

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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.

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Accounting Today

DECEMBER 26, 2023

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

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tax return Tax 133

Insightful Accountant

DECEMBER 27, 2023

One less excuse for Desktop Users when it comes to migrating to QBO. There is now Balance Sheet Budgeting available in QBO Plus and QBO Advanced.

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quickbooks 111

Accounting Today

DECEMBER 27, 2023

Here's how artificial will really impact accountants and what to do about it.

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accountant Account accounted Technology 100

Going Concern

DECEMBER 26, 2023

The following post about a rowdy accounting firm holiday party was originally published on December 17, 2014. For more reading on holiday parties of yore, see this r/accounting thread from six years ago: Christmas Party Stories. My Firm Holiday Party is a Teaching Moment For What Not to Do at a Firm Holiday Party By Leona May One year at my firm, we had a Christmas party at the nicest hotel in the city.

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accounting firms accountant Account accounted 115

Accounting Today

DECEMBER 26, 2023

The bottom state in the ranking received a total score for financial literacy of 51 out of 100.

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Tax 128

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Let’s look at a few of the likeliest developments. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. “With more fiscal data coming in, the long-term health of state budgets looks murky,” writes analyst Lucy Dadayan on the site of the Tax Policy Center.

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South Dakota Sales Tax Louisiana 252

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

DECEMBER 26, 2023

Thank you to all the experts throughout the startup ecosystem who joined our Startup Success podcast in 2023 to share knowledge and insights. The post Listeners’ Favorites: Our Top Podcast Episodes of 2023 appeared first on Burkland.

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MyIRSRelief

DECEMBER 29, 2023

Employment taxes can be a complex area for businesses, especially when it comes to Form 941, the Employer’s Quarterly Federal Tax Return. This form is used to report income taxes, social security tax, or Medicare tax withheld from employee’s paychecks, and to pay the employer’s portion of social security or Medicare tax. However, mistakes can happen, and when they do, they can lead to significant tax problems.

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Accounting Today

DECEMBER 29, 2023

The Internal Revenue Service and Treasury plan to propose regulations on a requirement for a product identification number, and they're asking for comments ahead of time on the PIN requirement.

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Tax 124

Going Concern

DECEMBER 28, 2023

I’m breaking my holiday vacation with this news: Attention all CPA Exam Candidates… pic.twitter.com/YwBD3uym2l — NASBA (@NASBA) December 27, 2023 Make sure you check out the comments. The funniest part is they posted this on Tuesday like everything was going to be normal: #CPAExam candidates! Waiting for your score(s)? They will be released tonight at 7 p.m.

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CPA 122

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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.

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CPA Practice

DECEMBER 28, 2023

By Christopher Stark, Founder & CEO, Cetrom. ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. While technology has made many content-based tasks much easier, questions remain about its accuracy and security. This machine learning-powered chatbot with the GPT-3 engine at its core has captivated people’s attention with its rapidly evolving ability to interpret questions and commands to produce generally coherent natural-language responses.

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accounting firms accountant Account accounted 119

Insightful Accountant

DECEMBER 26, 2023

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

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Tax 124

Going Concern

DECEMBER 29, 2023

It’s here! The barely anticipated year-end phoning in of content look back on what news was important to Going Concern readers and Google visitors in 2023. This ranking is derived from analytics data thus is more trustworthy than the editorial team trying to remember what story was big back in March. While you’re here, let us say thanks for reading and we’ll see you in 2024.

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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

CPA Practice

DECEMBER 29, 2023

In the 2024 presidential election year, you may have another important election to consider, although this one is on your personal tax return. Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses. Background : Generally, the tax law allows you to deduct the investment interest expenses you incur during the year—for example, when you buy stock on margin— but on

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Insightful Accountant

DECEMBER 26, 2023

According to the recently released Intuit QuickBooks Entrepreneurship in 2024 Report, nearly a quarter of US consumers are considering starting a new business in 2024.

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quickbooks 104

Accounting Today

DECEMBER 29, 2023

The Internal Revenue Service needs to make improvements to protect the health and safety of employees working at an underground file storage site, where the perils include falling rocks and broken ladders.

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Missouri Tax 122

Going Concern

DECEMBER 25, 2023

It’s Christmas, why are you even here? THERE’S NO ACCOUNTING NEWS. Now go forth and be merry. Love, GC p.s. if your nieces or nephews mention Skibidi Toilet at dinner tonight do yourself a favor and don’t Google it. I’ve been stuck in a YouTube hole for the last two days, send help. The post A Brief Message From Santa appeared first on Going Concern.

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accountant Account accounted 111

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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.

CPA Practice

DECEMBER 25, 2023

Organizations have increasingly been drawn into societal conversations around social change, and are often expected by some to take action, while others may express irritation at such moves by businesses. But according to a new survey from The Conference Board, fewer than half of U.S. workers (44%) are satisfied with their organization’s response to social change issues like racism and gun violence.

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AccountingDepartment

DECEMBER 28, 2023

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

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B2B 94

Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

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Randal DeHart

DECEMBER 29, 2023

To be in business and to remain in business, become a business person! To run a business, you must be business-like. It's not sufficient just to be very good at what you do. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that" is no excuse. Are you 'too busy' to be a competent businessperson? If so, your construction business won't last long.

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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.

CPA Practice

DECEMBER 28, 2023

Jeff Ostrowski Bankrate.com (TNS) Many people view debt as the financial enemy and strive to pay it down as quickly as possible. That strategy is a wise one for high-interest obligations like credit card balances, but when it comes to mortgages , the math isn’t as clear-cut. You might be better off putting those payoff funds toward investing, some experts say, while others believe it’s better to unload your debt, then focus on investments.

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Finance Real Estate Florida Tax 98

Patriot Software

DECEMBER 29, 2023

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity.

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payroll tax payroll Tax 90

Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service's Exempt Organizations and Government Entities unit has published two new technical guides aimed at nonprofits.

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Tax Government Non-Profits 126

AccountingDepartment

DECEMBER 29, 2023

We are thrilled to announce that Episode 9 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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.