RogerRossmeisl
JUNE 19, 2023
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may contend with when you retire: Taking required minimum distributions. These are the minimum amounts you must withdraw from your retirement accounts.
BurklandAssociates
JUNE 19, 2023
Startups are quickly adapting to a new normal of constrained VC support and lower valuations. As part of this process, however, founders should also take care to adapt, or at Read More The post The Right Runway: Why Breakeven Will Be Among 2024’s Top Startup Metrics appeared first on Burkland.
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RogerRossmeisl
JUNE 19, 2023
In adversarial situations — such as divorces, contract breaches and shareholder disputes — you might need to hire an outside business valuator to evaluate complex financial matters. To get the most from these professionals, it’s important to understand the two key roles they can play in conflict resolution. Keeping these roles separate helps prevent valuators from being seen as “hired guns” by judges, juries, arbitrators and mediators.
Going Concern
JUNE 19, 2023
For those who have been paying attention and noticed us teasing a big story coming out of BDO for months now I’m sorry to say this is not it. I’d also like to say that while I totally understand the accusations of “clickbait” and “b t” (I see you, Fishbowl), that’s not why we can’t report on it yet. Just getting those ducks in a row, thank you for understanding.
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.
RogerRossmeisl
JUNE 19, 2023
Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the company, forecast short- and long-term performance, and determine potential credit risk, among other purposes. To ensure analysis of a company is accurate and insightful, financial statements must be reliable.
CPA Practice
JUNE 19, 2023
By Jo Constantz – Bloomberg News (via TNS). A small but growing list of big-name companies like BlackRock Inc., Walt Disney Co. and Chipotle Mexican Grill Inc. are taking their return-to-office mandates up a notch, calling employees back to their desks four days a week. It’s a form of RTO creep, as companies test what has emerged as the post-pandemic norm of two to three days in the office and fan the debate over remote work.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JUNE 19, 2023
By Michael Aloi, CFP, Kiplinger Consumer News Service (TNS) I never recommend an investment solely for the tax benefits. It must be a good investment and be suitable for the client. If an investment makes sense as part of a diversified portfolio and can provide tax benefits, then it is a win-win. Real estate is one example. Investors can own real estate in their investment portfolio through a REIT, or a real estate investment trust.
RogerRossmeisl
JUNE 19, 2023
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting out inconsistencies, omissions and errors in taxpayers’ records, as illustrated by one recent U.S.
Cherry Bekaert
JUNE 19, 2023
On May 12, 2023, the U.S. Department of the Treasury (the Treasury) and Internal Revenue Service (IRS) Issued Notice 2023-38. The notice provides information and guidance on domestic content requirements for taxpayers to qualify for additional bonus amounts of certain energy credit incentives related to investments in and production of clean energy under Sections 45, 45Y, 48 and 48E.
RogerRossmeisl
JUNE 19, 2023
In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals, walk dogs and drive for ride-hailing services. But so-called gig work seems to be expanding. Today, some nurses have become gig workers and writers in Hollywood who recently went on strike have expressed concerns that screenwriting is becoming part of the gig economy.
Advertiser: Paycor
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Xero
JUNE 19, 2023
Millions of people around the world, myself included, are beyond excited in anticipation of the FIFA Women’s World Cup 2023 in July and August and Xero is incredibly proud to be a FIFA Women’s Football Partner. While we’ll all be caught up in the excitement of the tournament, it’s important to keep in mind the legacy – the enduring benefit – we can create from this moment in time.
Insightful Accountant
JUNE 19, 2023
ADP and Insightful Accountant recently completed a survey of accounting professionals to better understand behavior and future thoughts regarding their business and payroll.
Xero
JUNE 19, 2023
There’s now a little over a month to go before old reports in Xero are retired. Our new reports are packed with powerful customisations that will help you get quick access to answers and streamline your financial analysis. As you finish up your work in old reports and prepare for the big day, it’s a good idea to understand where you can find information on new reports and get support from our team if you need a hand.
VJM Global
JUNE 19, 2023
Since the implementation of GST , issuance of fake invoices, i.e., issuance of invoice without underlying supply of goods and services, has increased substantially to pass on the fake ITC of the firm. This transactions are causing huge revenue loss to the government. Government has already taken various steps to deal with such dealers such as Penalties and Arrests by the Anti Evasion wing, Special drive to physically verify the identified places to check whether such places exist or not etc.
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.
Going Concern
JUNE 19, 2023
Comment left on this post about AI acceptable use policies at accounting firms : Is this like the time EY said it “saved” $400 million on Everest because the business freeze and deferments as a result of its planning meant they didn’t spend $400 million on other things during that period? Is it possible that black belts of financial martial arts could be fudging the truth?
Cherry Bekaert
JUNE 19, 2023
A four-year private institution in the Northeast offers multiple educational opportunities, including undergraduate, graduate, summer and online degree programs both in the U.S. and internationally. In the early 2000s, the school expanded its programs by offering its curriculum from anywhere in the world online. Five years ago, the school further expanded when it merged with another educational institution in the northeast, making it the largest independent college in its specialty.
Menzies
JUNE 19, 2023
Menzies LLP - A leading chartered accountancy firm. Businesses continue to face challenges, such as supply shortages, rising interest rates and increasing costs. However, according to the HLB’s Survey of Business Leaders 2023 , 79 per cent of business leaders are continuing to plan for growth. Some have found that expansion is not a realistic option and so are looking to achieve growth by trading overseas.
Cherry Bekaert
JUNE 19, 2023
One of the most important aspects to examine when applying for the Employee Retention Credit (ERC) is the documentation to support your claim to the credit. Our team has assisted many clients since March of 2020 to aid in proper documentation in the application process. In the June session of our ERC Monthly Update series, we will cover: Learning Objectives: Discuss required documentation when applying for ERC Learn the importance of documentation during the process Share insights from previous
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
Menzies
JUNE 19, 2023
Menzies LLP - A leading chartered accountancy firm. It is inevitable that at some point within HMRC’s dealings with taxpayers, mistakes will happen. In the UK we have a tax code that recognises that taxpayers will make mistakes in their tax affairs and shouldn’t be penalised either financially or reputationally if the mistake was made with honest intentions.
Insightful Accountant
JUNE 19, 2023
With multiple modules, Canopy is designed to grow with your firm and scale as needed. By starting with client management, you can build on the various modules to get the best solution for your business.
Menzies
JUNE 19, 2023
Menzies LLP - A leading chartered accountancy firm. Hospitality & Leisure Outlook According to Barclays’s 2023 Hospitality and Leisure Outlook , in 2022, many businesses in the hospitality and leisure sector reported upward of 100% growth vs 2019. However, with reduced labour supply, the decline of cash (and subsequent increase in bank fees), a slow recovery from the supply chain crisis, and inflation, that growth has been slowing.
Insightful Accountant
JUNE 19, 2023
Murph provides future Top 100 participants a list of the Categorical award training credits that can be earned when attending 'Scaling New Heights 2023.
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.
CPA Practice
JUNE 19, 2023
By Anthony Martin, Kiplinger Consumer News Service (TNS) The passing of a loved one is always a difficult burden to bear—physically, emotionally, mentally and monetarily. Most, if not all, of the time, death and passing come as a surprise, with family members left behind having to carry the burden of shouldering funeral expenses, which often come at a costly price, especially in the absence of burial insurance.
Ryan Lazanis
JUNE 19, 2023
Busy season accounting can in many ways seem unavoidable, but it can be manageable with the right approach. In this post, I’ll lay out 10 simple tips your firm can implement to keep yourself sane and to avoid you from working long hours during the busiest time of the year. Table of Contents Why Does Busy Season Accounting Happen? 10 Tips to Master the Busy Season 1.
CPA Practice
JUNE 19, 2023
By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. Nearly 150 such municipalities are now on credit watch for tardy financial filings. Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in
CPA Practice
JUNE 19, 2023
Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. Kern Roberts promoted to Managing Director, Global Accounting Practice Lead at Chatham Financial Chatham Financial, a global leader in financial risk management advisory and technology solutions, recently announced the promotion of Kern Roberts to the role of Managing Director, Global Accounting Practice Lead.
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