Insightful Accountant
JANUARY 10, 2024
After a break with too many desserts and not enough gifts, it's time to get back to work. Instead of focusing on losing weight or setting a budget, let's concentrate on helping teams and clients prosper. Take action with these four growth strategies.
CPA Practice
JANUARY 8, 2024
The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. Related: Chart shows estimated refund date timelines. Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
KROST
JANUARY 9, 2024
The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. In this article, we will examine the multifaceted influence of AI on the daily activities of Certified Public Accountants (CPAs). Many have used or at least heard of Read the full article.
MyIRSRelief
JANUARY 7, 2024
Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. The EDD is responsible for administering unemployment and disability insurance, payroll tax collection, and job training/workforce services in California. An EDD tax audit focuses on ensuring that businesses comply with CA state payroll tax laws, which can be complex and multifaceted.
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Accounting Today
JANUARY 11, 2024
Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.
Going Concern
JANUARY 8, 2024
Hey remember the Bloomberg story last March about how staff shortages at audit firms were causing municipal credit ratings to tank ? Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. S&P has placed 149 long-term, underlying and program ratings on a negative credit watch this year because the ratings company hasn’t received 2021 financial s
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JANUARY 8, 2024
As the calendar rolls forward to 2024, and 2023 for good or bad recedes into the rearview mirror, the crypto sector and accounting professionals are attempting to plan for the future.
AccountingDepartment
JANUARY 11, 2024
Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.
Insightful Accountant
JANUARY 11, 2024
Get unconventional tips to make tax season less painful and more productive. Avoid burnout with this out-of-the-box survival guide.
TaxConnex
JANUARY 11, 2024
Business explosions are often followed by money-making opportunities within those businesses. With TikTok, the red-hot display showcase of short videos and influencers with more than a billion monthly active users, that opportunity takes the form of TikTok Shop. The forum enables product discovery, checkout and post-payment activities from within the TikTok app.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
BurklandAssociates
JANUARY 10, 2024
In the realm of high-growth, venture-funded startups, the C-Corp reigns supreme. This article explains five reasons why. The post Why Are Most High-Growth Startups C-Corps? appeared first on Burkland.
Accounting Today
JANUARY 12, 2024
The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.
MyIRSRelief
JANUARY 12, 2024
An Offer in Compromise (OIC) is a lifeline for taxpayers who are unable to pay their tax debt in full. It’s an agreement between a taxpayer and the Internal Revenue Service (IRS) that settles the taxpayer’s tax liabilities for less than the full amount owed. However, getting an OIC accepted by the IRS is not a walk in the park. The IRS accepts only a fraction of the OIC applications it receives each year.
TaxConnex
JANUARY 9, 2024
We are excited to announce the completion of our fourth annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax.
Advertisement
Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Withum
JANUARY 9, 2024
Many questions have surfaced amongst auto dealerships regarding seller and transfer reports and how to properly report them on the IRS Energy Credit Online Portal. While the roll-out of the portal has been bumpy, the Internal Revenue Service (“IRS”) is working through the problem areas as they are presented. The updated IRS guidance regarding these items as of January 8, 2024, is highlighted below.
Accounting Today
JANUARY 8, 2024
The agency is anticipating over 128.7 million individual tax returns by the April 15, 2024, tax deadline.
Going Concern
JANUARY 10, 2024
That’s according to preliminary results from the CPA Trendlines Outlook 2024 Emerging Issues, Opportunities and Trends survey which you can take here. While this may seem like a scary statistic on its face, perhaps it’s a good thing. CPA Trendlines says it’s a “big ouch” for firms putting in work (and marketing costs) into bringing clients in only to have to turn them away.
CPA Practice
JANUARY 9, 2024
The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the 12th and largest group to date to complete its award-winning Mary T. Washington Wylie Internship Preparation Program. This competitive program is renowned for preparing promising Illinois-based racial and ethnic minority college students interested in pursuing careers in accounting with the skills needed to obtain their first accounting positions and ultimately pursue the certified public
Advertisement
Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Cherry Bekaert
JANUARY 9, 2024
Contributors: Sam McCarthy, Lindsey McCarty Welcome to the 13th episode of “Talkin’ Talent” with Sam McCarthy, MBA! Our guest, Lindsey McCarty, Chief People Officer at Cherry Bekaert, shares insights on navigating HR leadership during acquisitions. We explore key strategies such as transparent communication, talent retention and cultural integration.
Accounting Today
JANUARY 12, 2024
In parallel with stricter enforcement, the tax authority is improving service for taxpayers and tax pros, and working on its technology.
Going Concern
JANUARY 9, 2024
In September we were tipped to a developing situation at US mid-tier audit firms in which said firms started shuttering their public company audit practices. Why? Well, some people might suggest regulatory burden and the prospect of getting fined by the PCAOB for anything from failing to file the right form on time to farting too loudly in the audit room (we haven’t gotten that one…yet).
CPA Practice
JANUARY 9, 2024
FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology. FreshBooks consolidates accounting, billing, payments, and payroll tools, allowing customers to effortlessly oversee their entire businesses health from one comprehensive platform.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Withum
JANUARY 8, 2024
Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore and Aza Ghazaryan on their Thriving in their 40s list for 2023. Christopher Passmore , CPA, MBA, specializes in assurance and business consulting services to emerging and middle-market companies and leads Withum’s Los Angeles office as the Partner in Charge. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and em
Accounting Today
JANUARY 11, 2024
The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.
Going Concern
JANUARY 12, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
CPA Practice
JANUARY 9, 2024
By Giles Pearson. A recent survey found a whopping 70% of job applicants admit to lying on their resumes. Talk about a resume minefield. Resumes have always been flawed filters that don’t guarantee if someone can actually do the job. As a former PwC partner who hired many staff accountants, I found several candidates lacked expected skills even with fancy resumes.
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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?
Insightful Accountant
JANUARY 9, 2024
Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.
Accounting Today
JANUARY 9, 2024
The state that imposes the most on residents has an individual income tax burden of 4.72%.
Going Concern
JANUARY 8, 2024
We’re now a week into the new year, is it starting to feel like it for you? This is how I feel. To be completely honest, I’d much rather be flinging myself off buildings looking for sparkly moons than whatever it is I do here. Rebecca Chen, who has worked in the industry herself, wrote this for Yahoo! Finance. The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% mo
CPA Practice
JANUARY 12, 2024
Intuit Inc. , the technology company that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , has integrated TurboTax into Credit Karma and QuickBooks Online, allowing customers to prepare and file their 2023 taxes within those programs’ interfaces. Intuit says that TurboTax delivers a suite of full service , assisted , and DIY tax preparation offerings for individuals, families, and small businesses to serve customers however they want to file and where they are most comfortable
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.
Expert insights. Personalized for you.
105 
Let's personalize your content