Accounting Today

DECEMBER 22, 2023

Before you delegate, make sure you're doing the right work yourself

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cpa firm CPA 48

CPA Practice

DECEMBER 22, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Just in time for the holidays, the IRS has announced a move to help individuals, businesses, and tax-exempt organizations that owe back taxes. The agency will waive nearly $1 billion in penalties for taxes owed by more than 4.7 million people and entities that didn’t receive automated collection reminders during the COVID-19 pandemic.

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Tax tax return Washington Maine 131

Withum

DECEMBER 22, 2023

On December 21, 2023, the IRS released details about its second settlement initiative relating to the employee retention credit (ERC). See IR-2023-247 , Announcement 2024-3 , general information , and FAQs. The IRS previously released a withdrawal option on October 19, 2023, for taxpayers who either did not receive their ERC checks or did not cash them.

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income tax Tax audit tax preparation 123

CPA Practice

DECEMBER 22, 2023

By Kaitlin Accardi, CPA. Occupational fraud, or fraud committed by individuals against the organizations that employ them, is often considered one of the most costly and common forms of financial crime. According to the Federal Trade Commission (FTC), the Consumer Sentinel Network received 2.4 million fraud reports in 2022. Furthermore, the Association of Certified Fraud Examiners’ 2022 Occupational Fraud report revealed that companies lose 5% of revenue to fraud each year on average – with an a

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Expense Reimbursements payroll general ledger financial statements 117

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

Going Concern

DECEMBER 22, 2023

Programming note: we’ll be putting some things up next week (posts, not Christmas trees) so should you swing by you’ll have something new to read. Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline.

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auditor audit accounting firms accounting and finance 109

CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

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accounting principles accounting concepts financial statements accounting standards 104

Accounting Today

DECEMBER 22, 2023

The IRS is pushing back filing and payment deadlines for storm and tornado victims in the Volunteer State.

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Tennessee Tax 120

GrowthForceBlog

DECEMBER 22, 2023

6 min read The client advisory services (CAS) industry is growing, and many traditional accounting firms are beginning to offer client advisory and/or client accounting services to keep up with the trend and grow their practices.

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accounting firms Account accountant accounted 81

Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

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tax preparation Tax 122

CPA Practice

DECEMBER 22, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis metro area to its team. The Dubuque, IA-based firm merged with Schowalter & Jabouri on Dec. 2. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees. In addition to St. Louis, Honkamp has eight offices in Iowa and Wisconsin.

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cpa firm CPA Iowa Wisconsin 52

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Accounting Today

DECEMBER 22, 2023

Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.

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Account accountant accounted 79

CPA Practice

DECEMBER 22, 2023

Vertex, a tax technology solutions provider, has appointed three new leaders: Mindy Cunningham as SVP, Customer Success and Services; Jessica Nowlin, VP, Tax Research; and Angela Travagline VP, Global Talent and Organizational Effectiveness. The wealth of knowledge and skill set they bring will reinforce the company’s strategic focus on customer success, tax research effectiveness and talent development.

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Tax Technology Account accountant 52

inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning. At indinero, we’re committed to guiding you through these complexities and optimizing your financial strategy with our comprehensive business tax services.

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Steve Feinberg

DECEMBER 22, 2023

The financial health of any business is a crucial aspect that determines its success. Creative professionals are no exception to this rule, and it is essential to keep tabs on your business’s financial health. Whether you are a photographer, graphic designer, or writer, understanding the financial landscape of your business can help you overcome the challenges that come with running a creative enterprise.

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accounting and finance financial statements tax preparation Tax 52

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.

KROST

DECEMBER 22, 2023

Beginning January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require businesses to comply with the Corporate Transparency Act (CTA) by reporting information related to the business owners, officers, and controlling persons. The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant Read the full article.

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Tax 52

ThomsonReuters

DECEMBER 22, 2023

As emerging technologies continue to reshape industries, tax departments are not exempt from the transformative power of innovation. In this era of rapid change, corporate tax professionals must stay ahead of the curve and leverage the latest tools and strategies to navigate the complex landscape of tax compliance. To help you gain valuable insights and stay informed about the latest trends, we are excited to present a series of our top 3 webcasts featuring leading subject matter experts.

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Tax Technology corporation tax audit 52

Canopy Accounting

DECEMBER 22, 2023

So you've landed a new client at your accounting firm — congratulations! You tell them you're flexible and can work with them whenever they want, leaving an open-ended working agreement. They ask you to throw in a few extra services like bookkeeping and payroll management — since they're a new client and promise to tell all their friends about your firm.

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bookkeeping payroll accounting firms Account 52

CPA Practice

DECEMBER 22, 2023

A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business. In 2015, Patel purchased a franchise of the business in Claxton, Georgia.

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Georgia tax preparation Tax income tax 52

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

Accounting Today

DECEMBER 22, 2023

The IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.

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Tax 68

Acterys

DECEMBER 22, 2023

Businesses need data backups for all sorts of crucial information, including popular tools like Xero’s accounting software. Without the ability to back up data, your business is more vulnerable to natural disasters, human error, cyberattacks and other unplanned events. Xero backups are one way organizations can protect critical information, ensure data accuracy and preserve business continuity.

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Accounting Today

DECEMBER 22, 2023

The former Swiss bank exec pled guilty in a Manhattan court to using the 'Singapore Solution.

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Tax 62

CPA Practice

DECEMBER 22, 2023

By Rose White, mlive.com. (via TNS) A temporary cut to Michigan’s income tax will not be made permanent under a judge’s ruling this week. Michigan Court of Claims Judge Elizabeth Gleicher ruled Thursday, Dec. 21 the income tax rate can revert back to a default 4.25% on Jan. 1, 2024 after it was lowered to 4.05% due to an increase in state revenue. The ruling sides with Gov.

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Michigan income tax Tax 105

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Accounting Today

DECEMBER 22, 2023

The Connecticut Society of CPAs announces 14 Women's Award winners; Weaver moves to new Sacramento office; and more news from across the profession.

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Connecticut cpas 50

Accounting Today

DECEMBER 22, 2023

Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.

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Technology Account accountant accounted 56

Accounting Today

DECEMBER 22, 2023

This simple question above deserves a simple answer, which will hopefully lead to additional questions and dialogue.

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Technology 56

Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.

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Tax 62

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Accounting Today

DECEMBER 22, 2023

Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.

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Tax 62