Accounting Today

JULY 31, 2024

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

Account 137

Account accounted accountant 137

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.

accounting firms 105

accounting firms Account accounted accountant 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.

Account 119

Account accounted accountant cpas 119

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.

Tax 119

Tax 119

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

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.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

CPA Practice

JULY 31, 2024

By Timothy Keith. Artificial intelligence might be able to help introverts sell with less social discomfort and higher effectiveness, offering help for a challenge many accounting and law firm partners suffer with. And just in time, too: This rise and adoption of AI-empowered marketing and sales tools in professional services firms comes as private equity investments in professional service firms makes revenue growth more important than ever.

Sales 116

Sales Education Gaming accounted 116

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.

audit 125

audit Tax Maine tax services 125

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.

quickbooks 105

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.

Construction 85

Construction accounting system quickbooks bookkeeping 85

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.

South Dakota 264

South Dakota Alaska New Hampshire Montana 264

Advertisement

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

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.

Healthcare 173

Healthcare 173

Accounting Today

JULY 29, 2024

The annual list recognizes the 100 top workplaces in the profession.

Account 132

Account accounted accountant 132

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).

audit 130

audit Tax Nevada Colorado 130

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.

Illinois 130

Illinois Technology 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

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.

Legal 121

Legal Account accounted accountant 121

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.

accounting firms 131

accounting firms Account accountant accounted 131

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.

Finance 115

Finance 115

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.

Gambling 105

Gambling Arizona accounting and finance bookkeeping 105

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

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

Tax 119

Tax payroll tax New York California 119

Accounting Today

JULY 30, 2024

Tax pros share their thoughts on what's driving the pipeline problem, and some short-term fixes.

Tax 131

Tax tax preparation 131

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.

accounting firms 105

accounting firms Account accounted accountant 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.

public accounting 105

public accounting audit accountant accounted 105

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

CPA Practice

JULY 29, 2024

The IRS on July 26 updated frequently asked questions (FAQs) on the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits, including guidance related to eligibility rules, income limitations, transfer rules, and dealer registration. The FAQs in Fact Sheet 2024-26 supersede earlier FAQs that were posted in Fact Sheet 2024-14 by the IRS on April 16, 2024.

Tax 119

Tax 119

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.

Account 128

Account accounted accountant 128

Going Concern

JULY 30, 2024

Yesterday, KPMG announced it is integrating generative AI into its in-house audit system called Clara. This, says KPMG US Vice Chair of Audit Scott Flynn, will empower the firm’s 9,000 auditors to deliver quality audits. Finally. “KPMG Clara with AI will not only free up resources to spend more time on the areas of highest risk, but will directly help our teams exercise professional skepticism to protect the capital markets,” he said.” “These artificial intelligence capabilitie

audit 105

audit auditor Technology financial statements 105

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.

quickbooks 105

quickbooks 105

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

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.

Ohio 116

Ohio audit cpas CPA 116

Accounting Today

AUGUST 2, 2024

The Supreme Court is likely to take up the case, which hinges on what, exactly, constitutes a tax.

Tax 126

Tax 126

Cherry Bekaert

AUGUST 1, 2024

Contributor: Ali Karim , Accounting Advisory, Senior Associate The Government Finance Officers Association’s (GFOA) 118 th Annual Conference was held between June 9 – 12, 2024, at the Orange County Convention Center in Orlando, Florida. The event provided attendees the opportunity to meet face-to-face with fellow colleagues and clients (for the first time, in many cases) and network.

Government 98

Government Finance accounting and finance audit 98

Ryan Lazanis

JULY 30, 2024

Looking for the best accounting podcasts on the market? Good news for you, because I've curated the 19 absolute best ones around. The post The 19 Best Accounting Podcasts to Listen To appeared first on Future Firm.

Account 98

Account accounted accountant 98

Advertisement

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.