TaxConnex

FEBRUARY 6, 2024

Sales tax is not something top of mind for most executives, but it is something that the majority of businesses will have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establish nexus in specific states or jurisdictions, then you have a sales tax obligation. While it is not meant to be a burden on the seller, many businesses have been left scrambling to understand how to manage the complex process of sales tax compliance.

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Sales Tax Technology auditor 213

Canopy Accounting

FEBRUARY 6, 2024

Busy season is upon us. Every year you may be saying the same things…"I start off sticking to a routine but it quickly falls off and I start feeling burned out and tired". Make this the year you are going to make small changes that make a big impact through incorporating mindfulness practices at work. During this session, we will experience practices we can put in place in our day to gain a better understanding of where we are off-balance internally so we can show up better for ourselves and tho

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Start-ups 124

Going Concern

FEBRUARY 6, 2024

Hey guess what, everyone? We have fresh research that shows the 150 hour CPA licensure rule decreases the number of Black and Hispanic entrants to the profession. In this case, a 26% drop. Add this to the existing body of evidence that demonstrates two things: the 150 hour rule does not improve the quality of licensed CPAs (“ Occupational Licensing and Accountant Quality: Evidence from the 15 -Hour Rule ” by John Barrios) and the 150 hour rule is actively preventing minorities from p

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cpas CPA accounting and finance audit 117

CPA Practice

FEBRUARY 6, 2024

By Evan T. Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) I’m an IRS enrolled agent, which sounds (sort of) cool and scary. What it actually means is that I am licensed by the IRS to prepare taxes and represent taxpayers, which is not cool or scary. The reality of the situation is that I have the same feelings of unhappiness and annoyance you do every time tax season rolls around.

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Tax income tax tax return tax preparation 111

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Accounting Today

FEBRUARY 6, 2024

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season.

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Tax 125

Going Concern

FEBRUARY 6, 2024

Announced yesterday in an excessively flowery press release, Baker Tilly announced a “strategic investment” from private equity firms Hellman & Friedman and Valeas Capital Partners. The investment is expected to close in early 2024. According to the press release, Baker Tilly has doubled its workforce in the past five years and the deal will help them continue to grow in all the ways a large accounting firm can.

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cpa firm accounting and finance public accounting Legal 104

ThomsonReuters

FEBRUARY 6, 2024

Jump to: When to consider an automated tax software solution Benefits of sales tax automation software What if you don’t have a complex business model? Amidst a rapidly changing regulatory landscape, it can seem more challenging than ever to understand your sales tax obligations in every jurisdiction in which you do business. The tax complexities of interstate and international commerce are why most companies use some form of automated software to help track and calculate their organizatio

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Sales Tax audit Account 98

Accounting Today

FEBRUARY 6, 2024

A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced.

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Tax 117

Patriot Software

FEBRUARY 6, 2024

As a small business owner, one of the first decisions you make is deciding between the different types of business structures. But, choosing between business structures can be intimidating and confusing. Before you decide what business structure type to use for your small business, understand your options.

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Account accountant accounted 95

Accounting Today

FEBRUARY 6, 2024

This year's roster of great new tools for accountants is heavily inflected with AI.

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Account accountant accounted Technology 144

Advertiser: Paycor

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Insightful Accountant

FEBRUARY 6, 2024

Thought you might be interested in some preliminary information about what the 2024 'Domestic' (US) ProAdvisor Applicants are telling Insightful Accountant about their 'App' experiences.

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Account accountant accounted 93

KROST

FEBRUARY 6, 2024

The Internal Revenue Service has published the 2024 Estate and Gift Exemption Amounts. The Unified Exclusion Amount is $13,610,000 and the Annual Gift Exemption Amount is $18,000. In addition to the annual gift exemption, payments made directly to medical providers or educational institutions are considered non-reportable. Married couples, will be able to gift up to Read the full article.

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Education Tax 91

Accounting Today

FEBRUARY 6, 2024

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

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auditor audit financial statements 91

Insightful Accountant

FEBRUARY 6, 2024

Are you calculating 'Net Retention' to determine the health of the subscription-based businesses you advise? If not, you should be.

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Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

Accounting Today

FEBRUARY 6, 2024

And what to do if your client hasn't received their abatement from the IRS.

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Tax 117

CPA Practice

FEBRUARY 6, 2024

The landscape of public accounting experienced an unprecedented shakeup in 2023, marked not by the usual suspects of annual updates or technological advancements, but by a surge of interest from an unexpected source: private equity (PE). With a series of high-profile investments in large accounting firms and a quieter but no less significant foray into the accounting software sector, PE firms have unmistakably cast their eyes towards an industry traditionally characterized by its cautious, measu

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public accounting Account accountant accounted 75

Mark Lee

FEBRUARY 6, 2024

One thing that remains as challenging for accountants today as it was when I was in practice is that of converting prospects into valued clients. It’s not that you need flashy pitches or to make exaggerated claims; it’s about building a genuine connection and trust. Picture this: you’re face-to-face with a potential client, you’re tempted to showcase your expertise and talk about your services.

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Non-Profits Account accountant accounted 98

Accounting Today

FEBRUARY 6, 2024

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.

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Account accountant accounted accounting standards 63

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

Technology

CPA Practice

FEBRUARY 6, 2024

Investing in technology is a key priority for accounting firms as they move into 2024, while m itigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession. This is according to findings from the 2024 State of Accounting Firms Trends Report released by Caseware International , a global leader in cloud-enabled audit, financial reporting and data analytics solutions.

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accounting firms Technology Account accountant 64

Anders CPA

FEBRUARY 6, 2024

Once your business reaches 80 to 120 employees, it must undergo an audit of its 401(k) plan , but securing a 401(k) audit firm’s services can be a challenge in certain locations. Engaging a local firm to handle the audit traditionally results in the auditor’s presence in your office, which can cause disruptions to daily operations. Remote 401(k) audit services offer businesses benefits such as enhanced security, access to experienced professionals and technology-driven convenience.

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audit auditor Education Legal 64

CPA Practice

FEBRUARY 6, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Arkansas Society of Certified Public Accountants (ARCPA) announced the 2024 ARCPA Student Education Fund Golf Tournament, which will take place on Monday, May 20, 2024 at the Maumelle Country Club.

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CPA Illinois Arkansas Idaho 64

Accounting Today

FEBRUARY 6, 2024

The Senate may not get to the Tax Relief for American Families and Workers Act soon enough to impact returns.

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tax return Tax Finance 86

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

LSLCPAs

FEBRUARY 6, 2024

At this time of year, we like to let our clients, who own or are in the market to buy Electric Vehicles (EVs), know about the latest Clean Vehicle Tax Credit rulings. It’s good news. The U.S. Department of the Treasury’s October 6, 2023 press release gives access to the (27-page-long!) guidance that explains the. The post 2024 Clean Vehicle Tax Credits appeared first on LSL CPAs.

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Tax cpas 59

Accounting Today

FEBRUARY 6, 2024

The Utah-based company that invests in and acquires small accounting firms has received an $85 million minority funding round to support its expansion.

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Utah Account accountant accounted 66

Accounting Seed

FEBRUARY 6, 2024

Columbia, Md. [February 6, 2024] — Accounting Seed , the #1 accounting solution built on the Salesforce Platform, unveiled its first product offering of the new year, AP (Accounts Payable) Automation. The launch of the new product highlights Accounting Seed’s commitment to helping small-to-mid sized companies drive efficiency and maximize growth by running their accounting and payable processes within a single platform.

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AP Automation Technology AP Processes Account 59

Insightful Accountant

FEBRUARY 6, 2024

Discover the new IRS tool to monetize clean energy credits, allowing businesses, tax-exempt organizations, and government entities to apply these options to specific tax credits, even without taxable income.

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business tax Government Tax 52

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Withum

FEBRUARY 6, 2024

When one thinks of environmental, social and governance (ESG) investing, one should think of transparency. In other words, they should think of additional sources of information that help identify unseen risks and justify shareholder value. This investing style is known as ESG integration. Private equity investors use ESG integration as a value-creation tool by analyzing material and non-financial factors during due diligence and ongoing monitoring.

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New Jersey public accounting Government Account 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax. This is the opposite of indirect tax.

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Tax income tax payroll tax payroll 52

Withum

FEBRUARY 6, 2024

This on-demand webinar presented by Withum’s Founders and Tech Executives Services Team explores the basics of Qualified Small Business Stock and Equity Compensation and their impact on Tax Planning. Already Registered? Click Here View On-Demand Webinar In this on-demand webinar, Dan Krolikowski and Dan Vukosa provide an overview of QSBS as well as helping simplify equity compensation and explaining some general tax considerations of several types of equity compensation, including Restrict

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tax planning Tax 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax. Where the amount of direct tax owing can be influenced by other factors, indirect taxes are straightforward in that their calculation is typically a predetermined percentage or rate and the cost is passed along the supp

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Tax income tax Manufacturing corporation tax 52

Advertisement

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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