Accounting Today

JULY 31, 2024

What accountants are making in salary and bonuses, and other results of our inaugural compensation survey.

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Insightful Accountant

JULY 29, 2024

In the high-pressure world of tax and accounting, where long hours and strict deadlines are the norm, building a strong organizational culture is crucial for addressing burnout and reducing turnover.

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accounting firms accountant accounted Account 105

CPA Practice

AUGUST 1, 2024

The National Pipeline Advisory Group (NPAG), an independent advisory group convened in response to an American Institute of CPAs (AICPA) governing Council resolution, has released its final report of recommendations to address the accounting talent shortage. NPAG began work in July 2023. The multistakeholder group’s work was facilitated by ConvergenceCoaching LLC, a consulting firm for the accounting profession that specializes in leadership, talent and other issues.

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Accounting Today

AUGUST 1, 2024

A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.

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Tax 112

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

TaxConnex

AUGUST 1, 2024

If it seems like jurisdictions just ceaselessly add additional sales tax laws, statutes and restrictions, recent news out of three states should be refreshing. North Carolina has become the latest state to ax transaction thresholds for economic nexus. The state’s previous 200-transaction threshold was eliminated effective July 1. The state’s economic nexus threshold is now just $100,000 in sales into the state annually.

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Accounting Today

JULY 30, 2024

The Internal Revenue Service has introduced new measures for streamlining reporting of renewable energy credits, as well as final rules on corporate stock repurchases and cryptocurrency transactions.

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tax preparation Tax 130

Withum

JULY 31, 2024

Everyone wants to know why it is taking so long for the IRS to pay their claims for the employee retention credit (ERC) and what they can do about it. There are steps that businesses can take today, but let’s first review why the IRS is slow-paying these claims. The IRS has an estimated 1,400,000 ERC claims in its backlog. Last year, when the IRS announced a moratorium on the processing of ERC claims filed after September 14, 2023, its backlog was about 600,000 claims.

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Insightful Accountant

JULY 30, 2024

Murph wants to know if you have a story to share regarding migrating from QuickBooks Desktop to QuickBooks Online. We are looking for contributors with either a 'great' experience, a 'bad experience', or both.

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quickbooks 105

Randal DeHart

AUGUST 2, 2024

Handling multiple projects simultaneously is a common challenge for small construction companies. While it can signify growth and success, it comes with its fair share of struggles. From resource allocation to maintaining quality and meeting deadlines, juggling several projects can be overwhelming. However, with the right strategies, it's possible to navigate these challenges successfully.

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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.

bookkeeping

TaxConnex

JULY 30, 2024

Sales tax isn’t simple. Here’s a step-by-step overview of various complications of sales tax compliance – and how to handle them. Nexus Historically this connection between a company and a tax jurisdiction has been primarily physical , meaning that a company had an office, employees, trade show exhibits, inventory, contractors and so on in a state. Then came 2018’s South Dakota vs.

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BurklandAssociates

JULY 30, 2024

You can expect to receive your first communications from benefits providers before the start of fall, and will most likely see a price increase for 2025, so it’s time to start preparing now. The post Healthcare Open Enrollment Support for Startups appeared first on Burkland.

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Healthcare 167

MyIRSRelief

AUGUST 2, 2024

The cannabis industry is one of the fastest-growing sectors in the United States, with more states legalizing its use for medicinal and recreational purposes. However, despite state-level legalization, cannabis remains a Schedule I controlled substance under federal law. This dichotomy creates a complex tax landscape for cannabis businesses, particularly concerning compliance, audits, and the infamous Section 280E of the Internal Revenue Code (IRC).

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Acterys

JULY 30, 2024

Acterys 24.1 Offers Planning and Solution Deployment at Unprecedented Speeds (Chicago, Illinois., July 31, 2024) — Acterys, a leading provider of AI-driven business planning and intelligence solutions, has released Acterys 24.1, which combines the power of AI with the robust functionality of Power BI and Excel to set new standards in speed, efficiency, and security.

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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.

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Accounting Today

JULY 31, 2024

Two huge firms are coming together in a $2.3 billion cash-and-stock deal, making the combined firm what is projected to become the seventh largest accounting firm in the U.S. with approximately $2.8 billion in annual revenue.

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accounting firms accountant Account accounted 126

CPA Practice

AUGUST 2, 2024

Nic Querolo Bloomberg News (TNS) Undocumented immigrants paid almost $100 billion of taxes, underscoring the importance of border policies on the country’s tax collections, according to a new report. One of the most common arguments for curtailing immigration is the cost borne by the U.S. government. But undocumented immigrants pay more than a quarter, about 26%, of their income in taxes, in line with the median taxpayer, according to a report released Tuesday by the Institute on Taxation and Ec

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Going Concern

JULY 29, 2024

Good morning! I have a sneaking suspicion the news will be pretty dry today but as always, hoping for the best. Fingers crossed. India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals.

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Withum

AUGUST 2, 2024

We will explore what happened with the Los Angeles Dodgers’ superstar pitcher, how common situations like this are, how the fraud occurred, and how to prevent it from happening in the future. What Happened? According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation.

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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.

Expense Management

Accounting Today

AUGUST 1, 2024

OneStream announced the rebrand of OneStream Suite to OneStream One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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CPA Practice

JULY 28, 2024

First-party fraud costs U.S. financial institutions and merchants more than $100 billion a year, according to new research from Socure , the leading provider of digital identity verification and fraud solutions. More than one in three Americans (35%) admit to committing first-party fraud themselves, in which people use their own identity to commit a dishonest act for financial gain.

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Insightful Accountant

JULY 31, 2024

Things are looking bleak for the annual release of QuickBooks Desktop. It's August 1st, and Beta Testers are typically 'testing' RC1 (release candidate 1) for a September release date, but not this year.

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quickbooks 105

Withum

JULY 30, 2024

Withum is proud to share that Fatema Raza , Partner, was recognized for her outstanding career path, professional success and dedication to her community. Fatema is a Partner with more than 14 years of public accounting experience, providing assurance services to various clients in the public and private sectors. She advises clients on audit processes, internal control assessments and implementation and maintenance of accounting procedures.

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public accounting audit accountant Account 105

Speaker: Duke Heninger

With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting. Whether you’re new to fractional work or refining your approach, this webinar will equip you with a repeatable system for success.

accounting and finance

Accounting Today

JULY 30, 2024

Senate Majority Leader Chuck Schumer, D-New York, announced plans to bring up a vote on the Tax Relief for American Families and Workers Act later this week.

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CPA Practice

JULY 31, 2024

Professionals on the Move is a round-up of recent staffing and personnel announcements from around the profession. CLA Celebrates More than 700 Advancements CLA (CliftonLarsonAllen LLP), the eighth-largest accounting firm in the United States, recently announced more than 700 advancements across the firm. Twice each year in July and November, CLA advances high performing team members to new roles, further developing the firm’s talent and investing in its succession mindset.

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ThomsonReuters

JULY 30, 2024

Historically, accounting firms have operated under a transactional billing model, providing once-a-year services primarily focused on tax compliance and reporting. However, with the rise of AI-powered tax technology and increasing client expectations , forward-looking accounting firms are evolving beyond tax compliance to offer year-round, value-added services that capitalize on their unique expertise and address their clients’ overall financial well-being.

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accounting firms accountant accounted Account 105

Going Concern

AUGUST 1, 2024

As we’re sure you’ve realized by now, it’s Olympics time and while Deloitte got a jump on the Paris 2024 hype , PwC has at least one competitor of their own: gymnast Frank Rijken of the Netherlands. View this post on Instagram A post shared by TeamNL Turnen (@teamnlturnen) View this post on Instagram A post shared by Frank Rijken (@frank.rijken) According to Insta, LinkedIn, etc. 27-year-old Rijken is an M&A advisor.

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Finance 104

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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.

Tax

Accounting Today

JULY 31, 2024

Increasing starting salaries is the key to attracting young talent to the profession, but the first step is boosting salary transparency.

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accounted accountant Account 122

CPA Practice

JULY 30, 2024

The watchdog agency that oversees the Internal Revenue Service has issued a report that examined compliance by employees and contractors for the agency. While the Treasury Inspector General for Tax Administration (TIGTA) report noted that more than 95 percent of the IRS’ workers were in full compliance with their personal taxes, 1,068 were disciplined for their noncompliance issues.

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Insightful Accountant

AUGUST 1, 2024

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

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accountant Account accounted 98