Accounting Today
NOVEMBER 6, 2023
Delaying a payment or not paying an invoice and letting amounts pile up are a way for a client to give voice to a problem with your services without causing an immediate confrontation.
RogerRossmeisl
NOVEMBER 6, 2023
The holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any estate or gift tax. The exclusion amount for 2023 is $17,000. The exclusion covers gifts you make to each recipient each year.
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Accounting Today
NOVEMBER 6, 2023
Accounting firms need to pay more to bring young people into the profession, as starting salaries are still lagging compared to other fields, and they have to make other changes in how the job is structured.
RogerRossmeisl
NOVEMBER 6, 2023
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year-end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know to avoid tax surprises. Tax-favored retirement accounts and taxable accounts If you’ve had wild swings in the value of investments held in a tax-favored 401(k), traditional IRA, Roth IRA or self-employed SEP account, there’s no
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.
Accounting Today
NOVEMBER 6, 2023
Lots of businesses have claimed the Employee Retention Credit who don't actually qualify for it — and in many cases it's going to be up to their accountants to set them right, says Randy Crabtree.
RogerRossmeisl
NOVEMBER 6, 2023
In recent years, merger and acquisition activity has been strong in many industries. If your business is considering merging with or acquiring another business, it’s important to understand how the transaction will be taxed under current law. Stocks vs. assets From a tax standpoint, a transaction can basically be structured in two ways: 1. Stock (or ownership interest) sale.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
NOVEMBER 6, 2023
Small businesses generally operate on principles of trust, particularly if several family members are involved. You might trust any employee to lock up the office at the end of the day or provide any colleague with administrative privileges to your website. After all, you know these people. But as businesses grow and hire new employees, it makes less sense to trust everyone implicitly.
Withum
NOVEMBER 6, 2023
Withum is proud to share that Hon. Margaret M. Foti P.J., Cr. (Ret.), formerly the presiding Judge of the Criminal Division of the Superior Court of New Jersey, Bergen County, and a member of the judiciary for 14 years, is now a Principal in Withum’s Forensic and Valuation Services team. Judge Foti served over eight years in the Criminal Division, six as presiding judge and over five years in the Family Division.
RogerRossmeisl
NOVEMBER 6, 2023
With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are four tax benefits: Contributions made to an HSA are deductible, within limits, Earnings on the funds in the HSA aren’t taxed, Contributions your employer makes aren’t taxed to you, and Distributions from the HSA to cover
CPA Practice
NOVEMBER 6, 2023
AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. AICPA & CIMA and Maria Curie-Skłodowska University launch joint program to empower students for career success AICPA & CIMA, together as the Association of International Certified Professional Accountants, teamed up with Maria Curie-Skłodowska University in Lublin, Poland (Uniwersytet Marii Curie-Skłodowskiej, UMCS) to launch the much-anticipated CGMA University Program to its st
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RogerRossmeisl
NOVEMBER 6, 2023
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues. The partnership issue An unincorporated business with your spouse is classified as a partnership for federal income tax purposes, unless you can avoid that treatment. Otherwise, you must file an annual partnership return, on Form 1065.
CPA Practice
NOVEMBER 6, 2023
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. NJCPA Congratulates Sofia Cordero Alves, CPA, of Mazars and Jenna Sanfilippo, CPA, of WilkinGuttenplan as AICPA 2023 Leadership Academy Selections The New Jersey Society of Certified Public Accountants (NJCPA) congratulates NJCPA members Sofia Cordero Alves, CPA , a partner at Mazars USA, LLP , and Jenna Sanfilippo, CPA, MSA , a senior tax
RogerRossmeisl
NOVEMBER 6, 2023
When preparing a business valuation, quantitative data — from tax returns, financial statements, contracts and other sources — is important. But there’s more to a company than numbers. Qualitative factors also contribute to a company’s overall value. It isn’t always easy, however, to gain insight into qualitative aspects of a business’s operations. Websites and marketing materials can provide only limited insight.
Going Concern
NOVEMBER 6, 2023
Tips have been trickling in all weekend about layoffs at Grant Thornton however we couldn’t confirm until now. Confirmed. Here’s a tip that came in this evening: Grant Thornton Advisory laid off around 100 people as of 11/3 after the firm adjusted what groups do and do not fall under advisory. Purely utilization based it seems, performance only a factor with a small few.
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.
Cherry Bekaert
NOVEMBER 6, 2023
In the second episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s GovCon practice who spent 13+ years with DCAA and held various positions such as Quality Manager, Supervisory Auditor, Field Audit Office Manager, and Artan Ivezaj , a manager in Cherry Bekaert’s GovCon practice with 15 years of experience at the DCAA
Accounting Today
NOVEMBER 6, 2023
The Ohio Society of CPAs is working on an action plan to attract more young people to the accounting profession.
Going Concern
NOVEMBER 6, 2023
Good morning and happy Monday! Or whatever kind of Monday you choose to have. Here’s some news. So this dropped on Sunday, a possible merger of KPMG India, US, and UK advisory practices? Just a rumor for now. Economic Times : KPMG India, KPMG US, and KPMG UK are exploring a merger of their advisory practices, a move aimed at multiplying their consulting business in India, said multiple people with knowledge of the matter.
CPA Practice
NOVEMBER 6, 2023
The latest forecast from the National Retail Federation estimates holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957 billion and $967 billion. “It is not surprising to see holiday sales growth returning to pre-pandemic levels,” NRF President and CEO Matthew Shay said.
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
Insightful Accountant
NOVEMBER 6, 2023
For most people, this time of year is synonymous with joy, festivities, and of course, holiday shopping. However, for business owners and individuals alike, it can also be a season of financial stress and anxiety.
CPA Practice
NOVEMBER 6, 2023
Bookkeep, an accounting automation platform for ecommerce and retail, has announced the hiring of Alison Ball as Vice President of Marketing and Communications. “Alison has created the playbook in our industry for how to engage, equip and empower accountants and bookkeepers. She instinctively understands the pain points and challenges as a former bookkeeper and is skilled in collaborating with engineering teams to devise solutions accounting professionals need,” said Jason Richelson, CEO and Co
Xero
NOVEMBER 6, 2023
Xero has the pleasure of welcoming seven new members to its new Xero Partner Advisory Council (XPAC). The XPAC has been reintroduced into Aotearoa and is made up of a diverse panel of accountants and bookkeepers who are both thought leaders and trailblazers for the needs of the sector. The latest members are as follows: Trudi Ballantyne – Director, Stem Rural Accountants Limited Louise Holmes – Director, Red Office Limited Manoli Aerakis – Managing Director, Malloch McClean T
Insightful Accountant
NOVEMBER 6, 2023
This is your chance to connect with your peers, find out the latest updates, and explore best practices and industry trends on December 5-6, 2023. The theme is Niches, Trends, and Predictions of 2024.
Advertiser: Paycor
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Xero
NOVEMBER 6, 2023
Wow – what an amazing response we’ve had to the Xero Beautiful Business Fund! There are truly some incredible small businesses out there in the world, and some wonderful accountants and bookkeepers who support them. Thank you to everyone that has applied, and for helping get the word out and encouraging small businesses to get involved. We’re pleased to announce the winners of our partner referral competition below: Visa card winners (drawn from those who had 1 – 9 referrals) Entrant
GrowthForceBlog
NOVEMBER 6, 2023
5 min read Cautionary tales of robot takeovers and the dangers of artificial intelligence (AI) fill the world of science fiction. While all new technologies should be regarded and adopted with caution and prudence, artificial intelligence stands to revolutionize the financial management industry (along with several other industries and aspects of our lives).
Insightful Accountant
NOVEMBER 6, 2023
As we approach the opening of the 2024 ProAdvisor Awards process, I wanted to remember all candidates of what it takes to make it to the top. In 2021, Matt Fulton set-down the "right stuff" when it comes to being 'Best of the Best.
Cherry Bekaert
NOVEMBER 6, 2023
Company Background An award-winning residential real estate home builder with projects in Georgia and South Carolina was able to take advantage of the Section 45L Energy Efficient Home Credit (Section 45L) to save more than $350,000. The Company, which was founded in 2004, builds unique residential homes focusing on resource conservation. The Company has five operating locations and 19 employees.
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Insightful Accountant
NOVEMBER 6, 2023
A new Intuit QuickBooks report unveils what might be one of the biggest consumer shopping trends for this holiday season: shopping small.
Going Concern
NOVEMBER 6, 2023
Another day, another list, another instance of us typing “another day, another list.” The list-making powerhouse that is Vault released their 2024 100 Best Internships ranking and while it isn’t a surprise to see it packed with accounting firms, it is surprising that one of them topped said list. With a score of 9.597, PKF O’Connor Davies Internship Program outranks all 99 other players as the best of the best for interns and jumped from the 70th spot in 2023 to first pla
CPA Practice
NOVEMBER 6, 2023
Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. KPMG LLP names Rema Serafi Vice Chair – Tax KPMG LLP, the U.S. audit, tax, and advisory firm, recently announced that Rema Serafi (@remaserafi) has been named Vice Chair – Tax, succeeding Greg Engel who is retiring after four decades of service.
Accounting Today
NOVEMBER 6, 2023
A German banker was sentenced to three years and three months for his role in the international tax trading scandal.
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"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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