CPA Practice

APRIL 29, 2024

The recommendations touch on points made in the November 2023 proposed regulations related to the changes to LTPT employees made by SECURE 2.0 are effective on January 1, 2025, or if later, the date that the proposed regulations become final. are effective on January 1, 2025, or if later, the date that the proposed regulations become final.

CPA 69

CPA Tax 69

CPA Practice

MARCH 26, 2024

There were online applications, and the banks made it as easy as they could.” In January, South Florida developer Eric Sheppard was found guilty in Miami federal court of wire fraud involving falsifying paperwork and forging signatures on applications to obtain about $900,000 in loans. All kinds of people were dipping in.

Real Estate 124

Real Estate Florida payroll Government 124

Cherry Bekaert

MARCH 7, 2024

The Cybersecurity Maturity Model Certification (CMMC) is a unified cybersecurity standard for Department of Defense (DoD) acquisitions aimed at securing the Defense Industrial Base (DIB) supply chain. The gap analysis is key to determining compliance with the applicable CMMC Level. The “CMMC 2.0” How Many CMMC Levels Are There?

audit 94

audit Government Start-ups Maine 94

Cherry Bekaert

APRIL 20, 2024

To help you understand your organization’s security posture, a Cherry Bekaert Cyber Risk Assessment will identify, assess, and prioritize threats to your IT systems, applications, and operations. These may include security/privacy threats, fraud, and abuse exposures, and inefficient or ineffective operational vulnerabilities.

audit 52

audit auditor Government cpa firm 52

Cherry Bekaert

MARCH 4, 2024

An eligible company will generally be able to conclusively presume that charge-offs of debt instruments reported on their applicable financial statements will satisfy the IRC Section 166 requirements for the bad debt deduction. These companies will continue to utilize IRC Section 165 to determine allowable loss deductions on debt securities.

financial statements 93

financial statements tax accountant Tax Account 93

RogerRossmeisl

JANUARY 18, 2021

In addition to the Q1 2021 tax deadlines, contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. February 1 (The usual deadline of January 31 is a Sunday) File 2020 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and provide copies to your employees.

Tax 231

Tax CPA business tax 231

Insightful Accountant

NOVEMBER 30, 2023

Accounting now heavily relies on various applications and systems. This poses security risks as firms lack IT support. Unfortunately, these are often different, either cloud-based, SaaS, or desktop.

Account 111

Account accountant accounted 111

CPA Practice

APRIL 9, 2024

More so, with cyber criminals now leveraging the power of AI to maximize their outputs, CPAs owe it to their firms, and to their clients, to prioritize an often swept-under-the-rug approach to cyber security. Share Documents Securely: Implement strict protocols for handling sensitive client documents.

cpas 118

cpas Tax cpa firm tax return 118

CPA Practice

FEBRUARY 8, 2024

The IRS and the agency’s Security Summit partners alerted tax professionals on Thursday of a scam email impersonating various software companies in an attempt to steal electronic filing identification numbers (EFINs). The IRS and the Security Summit partners have noticed a new surge of an EFIN scam email that targets professionals.

Hawaii 124

Hawaii Alaska Arizona Tax 124

RogerRossmeisl

DECEMBER 27, 2021

Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January 31 File 2021 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and provide copies to your employees. Farmers and fishermen: Pay estimated tax for 2021.

Tax 244

Tax CPA business tax 244

CPA Practice

OCTOBER 30, 2023

We will continue to review our processes to identify areas where we can leverage technology to reduce burden on the tax community while maintaining critical security and protections against identity theft and fraud.” The IRS said it has updated Internal Revenue Manual (IRM) 10.10.1

tax return 132

tax return income tax Real Estate Tax 132

CPA Practice

JUNE 10, 2023

While the FTC Safeguards rule designed to protect financial and PII (personally identifiable information) has been around for decades, as of June 9, 2023, compliance of various components including a Written Information Security Plan, or WISP, became mandatory!

Education 111

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CPA Practice

DECEMBER 11, 2023

This will eventually pave the way to common Copilot 365 use, which will expand these “virtual assistant” capabilities to the Office 365 applications that most of us utilize (Teams, Outlook, Excel, Word, etc.) Expect an increase in the adoption of these tools, particularly standalone “best of breed” applications.

accounting firms 116

accounting firms Technology Account accountant 116

CPA Practice

APRIL 8, 2024

Here are some security tips to offer your clients and organization to keep their information protected and secured this tax season and beyond: Exercise Caution with Too-Good-To-Be-True Offers: Cybercriminals often target tax filers with promises of free tax calculations, low-cost tax preparation or enticing tax rebates.

Tax 64

Tax tax preparation cpas tax return 64

CPA Practice

JANUARY 24, 2024

Enrolled agents who have a Social Security number ending in 7, 8, or 9, or those with no Social Security number, must renew their EA status by Jan. Per Circular 230 , EAs are required to renew their EA status every three years, and the time frame for renewal is based on the last digit of their Social Security number.

Education 69

Education Tax 69

Anders CPA

JANUARY 23, 2024

With this shift, it becomes crucial for organizations to have efficient and secure endpoint management strategies in place. With its focus on endpoint protection, Microsoft Intune can help organizations like yours maintain security while increasing your IT team’s effectiveness. What is Microsoft Intune?

CPA 59

CPA Technology 59

CPA Practice

FEBRUARY 27, 2024

By William Earl, Variety Entertainment News Service (TNS) The upcoming Lucasfilm theatrical release “The Mandalorian & Grogu” is one of 15 films to secure an estimated $61 million in 2024 production tax incentives through California’s Film and Television Tax Credit Program. 22-24 application period.

California 72

California Tax Account accountant 72

Accounting Insight

JANUARY 18, 2024

Cloud computing has transformed the way businesses operate, from storage and networking to applications and services. Companies can run applications and IT resources with intensive space, performance or compliance demands by “renting” distributed cloud storage as a service. billion in 2023. What is cloud computing?

Technology 59

Technology accounting and finance audit Finance 59

CPA Practice

JANUARY 9, 2024

As these technologies become more embedded in daily operations, it is crucial to keep a balanced perspective, particularly regarding the security of sensitive data. Proactively secure data to maintain confidentiality. Protecting client information is of utmost importance in this evolving landscape. Accounting for AI in the future.

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accounting firms Account accountant accounted 122

Cherry Bekaert

FEBRUARY 29, 2024

A $10 million private company that is an industry leader in enterprise data migration, integration and web application solutions for healthcare and other major industries. Cherry Bekaert performed an internal, external and web application vulnerability and penetration assessment against the in-scope networks.

Healthcare 52

Healthcare Technology Hospitality 52

CPA Practice

JANUARY 13, 2024

Likewise, if you recall from my last column, the AICPA and CPA.com Startup Accelerator program requires all applicants to have an AI component in this year’s cohort, and most products we reviewed seemed to include AI technology. So, What Solutions Are New for Accounting Applications? Ricoh PFU portable monitor. Samsung Bixby Dext.

Technology 119

Technology auditor Healthcare Transportation 119

CPA Practice

DECEMBER 18, 2023

where the responsible party does not have a social security number or an individual taxpayer identification number needed to obtain an employer identification number (EIN). The application is made with the IRS using one of three methods: online, by fax or mail, or by telephone.

cpas 105

cpas tax return Tax Government 105

CPA Practice

SEPTEMBER 11, 2023

Biz2Credit and CPA.com have updated the CPA Business Funding Portal , a cloud-based platform that helps accounting firms secure financing on behalf of their clients, to reflect the Small Business Administration (SBA)’s new lending regulations announced on Aug.

CPA 105

CPA accounting and finance accounting firms Finance 105

CPA Practice

SEPTEMBER 27, 2023

The CPA Firm Management Association (CPAFMA.org) recently hosted an open chat forum where member firms discussed “amazing” accounting applications that had significantly improved firm productivity. One of the takeaways of the session being that sometimes the features you are looking for are already within your existing tool kit.

accounting apps 111

accounting apps Account accountant accounted 111

Withum

NOVEMBER 21, 2023

The proposed regulations aims to strengthen the protections on hospital networks and systems that are critical to providing patient care, complimenting existing HIPAA Security Rules that focus on protecting patient data and health records. 6, with a 60-day public comment period ending on February 5, 2024.

New York 73

New York Hospitality Healthcare 73

Going Concern

JANUARY 11, 2024

The Securities and Exchange Commission (SEC) Office of the Chief Accountant (OCA) is accepting applications for Professional Accounting Fellow (PAF) positions that will begin this summer. Applicants are required to submit these items and to complete the application online at USAJobs on or before Friday, January 19, 2024.

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Withum

OCTOBER 11, 2023

Our client felt confident their cybersecurity posture improved because they moved “everything to the cloud” and no longer had on-site servers running applications and storing data. Author: Julie Tracy , Executive Cybersecurity Advisor | jtracy@withum.com Contact Us Don’t wait until something happens to evaluate your security protocols.

106

106

CPA Practice

FEBRUARY 28, 2024

Identifying and implementing the ideal security, data, technology and AI strategies will prime accounting firms for success in 2024 and beyond,” said Joel Hughes, CEO of Rightworks.

Technology 113

Technology Texas accounting firms Education 113

CPA Practice

JUNE 14, 2023

While the FTC Safeguards rule designed to protect financial and PII (personally identifiable information) has been around for decades, as of June 9, 2023, compliance of various components including a Written Information Security Plan, or WISP, became mandatory!

Education 75

Education CPA cpa firm tax return 75

Withum

FEBRUARY 22, 2024

These web applications, accessible like conventional websites, bring forth advantages such as offline usability, push notifications and access to device hardware – features previously exclusive to native apps. Emphasis on PWA security and privacy considerations. Improvement in browser support for PWA features.

E-commerce 59

E-commerce Technology Start-ups audit 59

CPA Practice

APRIL 24, 2024

As part of the company’s innovative and award-winning connected risk platform, AuditBoard AI incorporates generative AI, and other private AI models to help audit, risk, infosec, and ESG teams work smarter while meeting the security and privacy needs of the enterprise.

audit 52

audit Technology Gaming Account 52

Withum

OCTOBER 27, 2022

Cyber hygiene, or cybersecurity hygiene, is a term used for observance of leading technology security practices, and it generally applies to businesses and individuals alike. As with most facets of business, there is a trade-off between cost and benefit regarding security measures. secure sensitive data?and The goal is to?secure

audit 122

audit Technology 122

ThomsonReuters

JUNE 23, 2022

Security Risk Assessment Tool; Security Risk Assessment Tool v3.3 HHS’s Office of the National Coordinator for Health Information Technology, in collaboration with its Office for Civil Rights, has announced an updated version of the interactive Security Risk Assessment (SRA) Tool. User Guide (May 5, 2022). User Guide.

Healthcare 98

Healthcare Tax Technology Account 98

CPA Practice

APRIL 25, 2024

To expand access to GenAI by unlocking its potential in tax research for its customers, Thomson Reuters built Checkpoint Edge with CoCounsel securely using Amazon Bedrock. The solution is rooted in Thomson Reuters-verified databases to deliver reliable, accurate results, while keeping customer data private and secure.

Tax 52

Tax corporation tax Account accountant 52

CPA Practice

APRIL 15, 2024

Advancements in NLP technology will likely lead to even more sophisticated applications in accountancy. Accounting process automation: Accounting is a profession that deals with large amounts of unstructured data, making it a prime candidate for NLP applications. Here are a few instances: 1. Anand Rao, U.S.

CPA 122

CPA Technology accounting and finance cpas 122

CPA Practice

JANUARY 22, 2024

Department of the Treasury and Internal Revenue Service (IRS) this week in response to initial guidance issued related to changes made to catch-up contributions enacted in the SECURE 2.0 On August 25, 2023, Treasury and the IRS issued Notice 2023-62 related to the changes to catch-up contributions made by SECURE 2.0. Act of 2022.

income tax 98

income tax cpas Tax 98

CPA Practice

JUNE 15, 2023

With the spring conference season wrapping up, watching the frenzy around Artificial Intelligence (AI) and its applicability in the profession has been amazing. Recently, Google released its SAIF (Secure AI Framework) regulations based on six principles to enable the creation of high-quality, secure artificial intelligence.

Technology 119

Technology tax planning audit Start-ups 119