CPA Practice

SEPTEMBER 18, 2024

More than half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data – otherwise known as deepfake financial fraud – during the next 12 months, according to a new Deloitte poll. That increase could impact more than one-quarter of executives in the year ahead, as those polled report that their organizations experienced at least one (15.1%) or multiple (10.8%) deepfake financial fraud incid

Account 52

Account accountant accounted Education 52

BurklandAssociates

SEPTEMBER 17, 2024

Build a solid financial foundation for your startup’s future with these annual financial planning resources from Burkland’s blog. The post Annual Financial Planning Resources for Startups appeared first on Burkland.

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157

Xero

SEPTEMBER 18, 2024

I was excited to sit down at Xerocon Nashville recently with Ashley Francis, a CPA with almost 25 years of experience, who has become an accounting expert on using artificial intelligence. Based in the US, Ashley is a well-known speaker, teacher and writer in the accounting industry on the value of incorporating generative AI (GenAI) and automation into practices.

Technology 81

Technology Account accountant accounted 81

TaxConnex

SEPTEMBER 17, 2024

Getting the right sales tax on your invoice is a pivotal step in managing your sales and use tax obligation. Sales and use tax is a tax imposed on the use or consumption of a product or service and meant to be paid by the end consumer. In certain situations (when you have sales tax nexus), it is your obligation to collect and remit it. Unfortunately, this is easier said than done.

Sales 199

Sales Tax Technology tax return 199

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

Accounting Today

SEPTEMBER 16, 2024

Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.

Tax 125

Tax 125

CPA Practice

SEPTEMBER 16, 2024

The Department of the Treasury and the Internal Revenue Service have issued proposed regulations PDF for Tribal General Welfare Benefits. Section 139E of the Internal Revenue Code was enacted by the Tribal General Welfare Exclusion Act of 2014 and excludes from gross income the value of any Tribal General Welfare Benefit. As described in the Consultation and Federal Feedback summary PDF , the proposed regulations are the result of long-term efforts by Treasury, IRS, the Treasury Tribal Advisory

Education 110

Education audit Construction Government 110

MyIRSRelief

SEPTEMBER 20, 2024

Navigating the IRS appeals process can be daunting, but understanding the steps involved and knowing how to effectively present your case can significantly improve your chances of a favorable outcome. This comprehensive guide will walk you through the IRS appeals process, detailing each step and explaining how our representation tax firm can assist you.

Tax 130

Tax audit cpas Maine 130

Insightful Accountant

SEPTEMBER 17, 2024

At GranthamPoole, the sales process is integral to onboarding and starts with the very first meeting with a prospect. This is the initial chance in which the team can listen to the client.

Account 52

Account accountant accounted Sales 52

Basis 365

SEPTEMBER 18, 2024

An income statement, also known as a profit and loss (P&L) statement, is a crucial financial document that provides a detailed summary of a company's revenues, expenses, and profits or losses over a specific period. While many business owners focus on revenue growth, an accurate income statement offers deeper insights into the financial health of a business.

accrual accounting 59

accrual accounting accounting principles Sales Account 59

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Account

Going Concern

SEPTEMBER 17, 2024

Various outlets in India have reported today that the mother of Anna Sebastian Perayil, a 26-year-old Chartered Accountant who tragically passed away on July 20, has sent a scathing email to EY India Chairman and Regional Managing Partner Rajiv Memani accusing the firm of callous indifference in the death of their young employee. The mom, Anita Augustine, said that her daughter, who “excelled in everything she did,” was too young to set boundaries and thus experienced an “overw

chartered accountant 141

chartered accountant Account accountant accounted 141

Accounting Today

SEPTEMBER 19, 2024

National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.

income tax 129

income tax Tax 129

CPA Practice

SEPTEMBER 19, 2024

Three people who blew the whistle on a longstanding tax evasion scheme will share a $74 million payout from the IRS, one of the largest awards in the history of the agency’s whistleblower program. The individuals, whose identities remain protected, disclosed an offshore tax evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual, Bloomberg reported.

Tax 119

Tax Legal Government 119

Xero

SEPTEMBER 16, 2024

We know how important it is for small businesses to have access to powerful insights to help them run their business better, no matter the economic environment they’re facing. To accelerate our mission to provide powerful insights, we are thrilled to share that Xero is acquiring Syft, a leading global cloud-based reporting, insights and analytics platform for small businesses, accountants and bookkeepers.

bookkeeping 115

bookkeeping accounting software small business accounting Account 115

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Going Concern

SEPTEMBER 19, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #15191471 Certifications: EA in progress Education: BA Accounting Experience (years): 7+

Account 104

Account accountant accounted Construction 104

Accounting Today

SEPTEMBER 19, 2024

The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.

Tax 121

Tax 121

CPA Practice

SEPTEMBER 19, 2024

By Isaac Bock. The new tax season of 2024 brings multiple changes and updates, which makes it a rather challenging time for all tax professionals. At a minimum, tax professionals need to stay sharp and up to date with the laws and regulatory requirements that change from year to year. This year is marked by unique challenges under tax law, with new IRS regulations and sector-specific concerns.

Tax 115

Tax tax preparation tax return Education 115

Withum

SEPTEMBER 16, 2024

As a plan sponsor, staying informed about the latest regulations and industry trends is crucial to the success of your employee benefit plan as we navigate through employee benefit plan filing season. Adhering to regulatory requirements and ensuring compliance to avoid potential penalties are priorities for plan sponsors with employee benefit plan audits.

CPA 96

CPA audit Real Estate income tax 96

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

Going Concern

SEPTEMBER 17, 2024

PwC China is currently sitting on the sidelines after Chinese regulators handed down a six month ban and $62 million in fines for the firm’s work on collapsed developer Evergrande. At least five clients have left since the news of the punishment came out on Friday despite PwC’s assurance (no pun) they would continue to work to the extent they’re allowed through the ban period.

Hospitality 108

Hospitality 108

Accounting Today

SEPTEMBER 19, 2024

Officials from the IRS's Criminal Investigation division are meeting with leaders from Australia, Canada, the Netherlands and the U.K. this week for a Cyber Challenge.

Tax 118

Tax 118

CPA Practice

SEPTEMBER 18, 2024

The U.S. Federal Reserve announced on Wednesday that it will lower the federal funds rate by half a point. The rate is the amount it charges banks to borrow funds, which in turn affects the rates consumers and businesses see for loans, mortgages, credit cards and other finances, and can impact the economy as a whole. The Federal Reserve said the decrease will help decrease inflation, and was justified due to the economy achieving a better balance with employment levels.

Finance 115

Finance 115

AccountingDepartment

SEPTEMBER 17, 2024

When you have a small or mid-size business, one of the issues you can run into is not having all the departments a larger company would have. In other words, you might not have dedicated employees for HR, accounting, and other areas. Fortunately, there are ways to outsource a number of services, including client accounting services. This helps keep your company growing and succeeding, without the need to bring on more employees or overwork yourself to get everything done.

Account 92

Account accountant accounted bookkeeping services 92

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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

Going Concern

SEPTEMBER 16, 2024

Monday already? Guess we should see what’s going on in the world. Can someone help me come up with a Vault-Tec joke for this story? Because I know it’s right there. "As it stands today, Deloitte is not known as a shipbuilder, nor is it clear it could meaningfully contribute to the construction of submarines." [link] — Going Concern (@going_concern) September 14, 2024 Speaking of Deloitte, the UK business is finally entering the modern age and extending equal family leav

Account 104

Account accountant accounted Technology 104

Accounting Today

SEPTEMBER 19, 2024

Navigating Medicare can be a complex task for retirees, and accountants play a crucial role in guiding their clients through this essential aspect of retirement planning.

Account 115

Account accountant accounted accounting firms 115

CPA Practice

SEPTEMBER 16, 2024

Payroll solutions provider Gusto has announced a new artificial intelligence-powered assistant called “Gus,” aimed at helping small business owners save time, get personalized insights, and make smarter decisions about their businesses. Gus can provide business owners with quick answers to their most frequently asked questions, such as their compliance requirements or what they need to do to file their taxes.

payroll 118

payroll Tax Account accountant 118

AccountingDepartment

SEPTEMBER 19, 2024

The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!

accounting and finance 83

accounting and finance Finance Account accountant 83

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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.

auditor

GrowthForceBlog

SEPTEMBER 18, 2024

7 min read September 18th, 2024 The Association of Certified Fraud Examiners (ACFE) has released its latest internal business fraud findings in its Occupational Fraud 2024: A Report to the Nations study. It is the largest global study on occupational fraud and examines nearly 2,000 cases that resulted in more than $3.1 billion in monetary losses. Key Takeaways What Are Internal Controls: Internal controls are guidelines, policies, and procedures that are designed and implemented to protect a bus

Account 86

Account accountant accounted 86

Accounting Today

SEPTEMBER 20, 2024

The cuts include roughly 240 employees in RSM's consulting businesses, and come as demand for the profession's consulting services wanes.

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116

CPA Practice

SEPTEMBER 16, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review Supervizor , a continuous quality assurance system that helps accounting firm’s error-proof their client’s bookkeeping and curb fraud. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

Technology 114

Technology Account accountant accounted 114