Sat.Jan 13, 2024 - Fri.Jan 19, 2024

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Effective Marketing in Minutes: Essential Tips for the Time-Strapped CPA

CPA Practice

In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. Amidst this, finding time for marketing can be a challenge. However, effective marketing doesn’t always require hours of effort. 10 Quick Tips Here are 10 quick tips to market your services efficiently, even when time is a luxury you don’t have.

CPA 111
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Overcoming Hurdles with Outsourced Client Accounting Services

AccountingDepartment

As a business owner, you can face various challenges, from any direction. From staffing woes to cash flow issues and the ever-growing threat of cybercrime, you’re constantly juggling risk and reward to keep your business afloat.

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Trending Sources

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Bridging the Gap: Strategies for Women’s Ascent in Accounting Leadership

Accounting Insight

According to the 2020 Accountancy Age “Top 50+50” survey, almost half of all certified accountants were women (45.47%). Women make up nearly half of all accountants globally, a testament to their talent and dedication to the field. However, their presence shrinks dramatically when it comes to leadership roles. Just 25% of partner positions at CPA firms are held by women, and only 17% of CEOs in finance and insurance are women.

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Congressional leaders agree on tax extenders deal

Accounting Today

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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 Ranks First In Something Good For Once

Going Concern

It’s possible this is just clickbait and thinly veiled advertising for remote recruiters (*sweats nervously*) but according to CNBC Make It , “accountant” is “the number one in-demand remote job companies are hiring for.” Adds their headline, “it can pay over $100,000 a year.” Insert sitcom laugh track here.

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New Jersey CPAs pitch accounting careers to high school students

Accounting Today

Over 60 members of the New Jersey Society of CPAs visited 65 high schools in the Garden State last fall to tell students about accounting careers and how to become a CPA.

More Trending

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The future of accounting: Elevating soft skills in the age of AI

Accounting Today

The accounting profession is undergoing significant changes due to the rise of artificial intelligence and automation.

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Survey: Flex Workers Want to Be in the Office More

CPA Practice

By Roger Vincent, Los Angeles Times (via TNS). In the uneasy tug of war between bosses and workers about how much time should be spent in the office, new evidence reveals that many employees think they should come in more often than they do. Office workers recently surveyed by an international architecture firm reported that they typically come into the office about half the time, but said they ideally needed to be there two-thirds of a typical workweek for their best productivity.

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The Pros and Cons of Outsourced CFO Services

GrowthForceBlog

8 min read Running a business is a complex endeavor, and most business leaders are experts in their own fields - not in finance.

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Complexities of SaaS Taxability | TaxConnex

TaxConnex

Do you sell software-as-a-service (SaaS)? Then you already have one of the most complicated situations in sales tax. Your tax obligation and liability begin with where you have nexus , the connection between your company and a taxing authority or jurisdiction. Sales tax nexus was once defined only as a substantial physical presence, but for nearly six years – ever since the Supreme Court’s Wayfair ruling in 2018 – sales tax nexus can also be defined as an economic presence by just selling enough

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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New Beneficial Ownership Reporting Requirements Effective 1/1/24

RogerRossmeisl

Starting in 2024 newly formed, corporations, limited liability companies (LLCs), limited partnerships, and other entities that file formation papers with a state’s Secretary of State’s office (or similar government agency) must file a report with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) providing specified information regarding the entity’s “beneficial owners” (the so-called BOI reporting requirement under the Corporate Transparency Act).

CPA 198
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The Economic Outlook for Startups in 2024

BurklandAssociates

There are good reasons to be optimistic heading into 2024. Startup founders are advised to remain patient, listen closely to the market, and stay on top of tax obligations. The post The Economic Outlook for Startups in 2024 appeared first on Burkland.

Tax 147
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IRS offers guidance on tax credits for EV charging stations

Accounting Today

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

Tax 136
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Hot Topics: Economic Nexus Thresholds and Reporting Requirements | TaxConnex

TaxConnex

What’s the latest brewing today in sales tax? A lot, spanning many hot topics – and if you can believe it, not all the news is bad. Take economic nexus thresholds. It’s pushing six years since the U.S. Supreme Court’s Wayfair decision largely opened sesame for states to begin economic enforcing nexus thresholds. Physical nexus standards – such as having offices, staff or inventory in a state – had long mandated that retailers had to collect and remit a state’s sales tax.

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Back to Basics with Reconciliations

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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FinCEN Alerts BOI Reporting Companies to Fraud Attempts

RogerRossmeisl

As the Financial Crimes Enforcement Network (FinCEN) opens its beneficial ownership information (BOI) reporting portal, its BOI webpage, reflects a fraud alert for individuals and entities who may be subject to beneficial ownership information (BOI) reporting. According to the FinCEN fraud alert, individuals and entities that may be subject to the beneficial ownership information (BOI) reporting requirements have been receiving fraudulent correspondence, via email or traditional mail, that appea

CPA 185
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First Look at CES 2024: Real AI or Fake AI?

CPA Practice

The Dynamic Duo of Randy Johnston and Brian Tankersley, CPA, attended CES 2024 in Las Vegas, sending back updates on the top new tech of interest to the accounting community. AI has been the hot topic of 2023, and if the Consumer Electronics Show (CES 2024) is any indication, AI will continue to be hot in 2024. However, like everyday life, you must determine which AI is genuine or fake.

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State and local tax cases bear watching in 2024

Accounting Today

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

Tax 130
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Deloitte Is Getting a New Office in Dallas

Going Concern

Fresh from Dallas Morning News : Another major tenant in one of downtown Dallas’ legacy skyscrapers is headed Uptown to a new building. Professional services firm Deloitte LLP plans to relocate its Dallas office from the former Chase Tower to the 23Springs office tower under construction in Uptown The new space is not just new to Deloitte, it’s brand new to everyone.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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Transfer Minority Business Interests to Take Advantage of the Expanded Lifetime Estate and Gift Tax Exemptions Before 2026

Anders CPA

The looming sunset of the expanded lifetime estate and gift tax exemption will arrive on January 1, 2026. If you are anticipating a transition of ownership of your business to your heirs in the years ahead, now may be the best time in a generation to take advantage of the increased thresholds before they expire. Gifting minority interests in the business over the next two years can help you maximize the potential tax benefit of the increased gifting thresholds.

Tax 113
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Quantum Computing Could Spark Cybersecurity Armageddon, Says IBM

CPA Practice

By Isabella Ward and Brad Stone. Bloomberg News (via TNS) Governments and businesses are not prepared for the havoc quantum computers will sow in cybersecurity by the end of the decade, according to an International Business Machines Corp. executive. “Is quantum going to really create a cybersecurity Armageddon?” Ana Paula Assis, IBM’s general manager of Europe, Middle East and Africa, said on a panel at the World Economic Forum in Davos on Wednesday.

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IRS and Treasury give businesses reprieve on digital asset reporting

Accounting Today

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

Tax 135
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Here’s What’s on the Big 4 Agenda at Davos This Year

Going Concern

In case your invitation got lost in the mail, we want to make sure you’re aware the 54th Annual Meeting of The World Economic Forum at Davos is underway as of Monday and set to wrap up tomorrow, the 19th of January. Considered the hottest event of the year for conspiracy theorists’ favorite shape-shifting lizards, it’s an opportunity for the people who shape the world to get together and figure out ways to f**k over the plebs talk shop.

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Harness the Potential of Your Enterprise Knowledge

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.

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Two Withum Team Members Named to The Washingtonian’s Best Financial Advisers List

Withum

Withum is proud to share that The Washingtonian selected team members Joel Susco and Billy Thomas for their DC’s Best Financial Advisers list. Joel, Partner, and Billy, Senior Manager, were chosen for the directory because of their industry expertise, community involvement and trustworthy reputations in the DC business world. As tax accountants, their specialties include business tax , private client services , and estate planning and trusts.

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Nancy McClelland on Balancing Passion, Work, and Maintaining the Human Touch in AI

Canopy Accounting

Nancy McClelland, CPA & Owner of The Dancing Accountant discusses how she balances her love for dance, her passion for her profession, and her commitment to creating a caring and supportive workplace. It explores the opportunities and challenges presented by AI in accounting, showcasing Nancy's enthusiasm for embracing technology while also prioritizing the human element.

CPA 111
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IRS issues guidance on religious exemptions from business e-filing

Accounting Today

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

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Year-End Bonuses Shrunk 21% in 2023

CPA Practice

By Matthew Boyle, Bloomberg News (TNS) U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years. The average cash bonus paid to employees last month was $2,145, down 21% from the previous year , according to payroll software company Gusto, which tracks payments made by more than 300,000 small businesses.

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Solve Your Firm's Automation Complexities Once and For All

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.

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SEC Sues Marcum Partner Who Thinks Reviewing the Engagement Team’s Work Is For Chumps

Going Concern

The ghost of SPAC past continues to haunt Marcum, this time it’s administrative and cease-and-desist proceedings against assurance partner Edward Hackert, a 20-year veteran of the firm who’s been a partner since 2006. According to the SEC order, from 2012 through 2022, Hackert served as the engagement partner for at least 240 audits of public companies, including both operating companies and special purpose acquisition companies (88 operating public companies, 152 audits of special p

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QBO Advanced Revenue Recognition Enhancements

Insightful Accountant

QBO Advanced has made enhancements to its revenue recognition feature to provide even more sophisticated functionality to users who must comply with GAAP's ASC 606 standard.

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IFAC offers overview of accounting sustainability literature

Accounting Today

The International Federation of Accountants reviewed the most helpful research by academics, accounting organizations and firms on the role accountants are playing in ESG reporting and assurance.

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IRS Pauses Reporting Requirement on Some Digital Assets Pending New Regulations

CPA Practice

The Treasury Department and Internal Revenue Service have issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations. The Infrastructure Investment and Jobs Act revised the rules that require taxpayers that are engaged in a trade or business to report receiving cash of more than $10,000 by considering digital assets to be cash.

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It Takes Two to Tango

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.