MyIRSRelief
JUNE 16, 2023
Welcome to our comprehensive FAQ guide on the IRS Fresh Start Program ! Dealing with tax issues can be overwhelming, but the Fresh Start Program is designed to provide taxpayers with a second chance. In this article, we’ll answer your most pressing questions about this initiative, explaining its purpose, eligibility requirements, benefits, and how to apply.
SMBAccountant
JUNE 16, 2023
One of the best things that you can do for your business is to understand financial statements. One of the biggest issues that come with reading financial statements is understanding the differences between Retained Earnings vs Owner’s Equity. The first step is defining the two. Retained Earnings is the company’s net income or loss over the period of the company.
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Going Concern
JUNE 16, 2023
Perhaps you’ve already seen this in 24 hours since it was released but let’s talk about it anyway because L-O-f **g-L. UK office furniture company Furniture at Work has published a hilarious anti-WFH piece called “From Claw Hands to Hunchbacks: How Working From Home Could Affect Our Bodies.” The article warns that if you continue to work from home you will end up looking like an enemy from Silent Hill by the time you are 70.
ThomsonReuters
JUNE 16, 2023
Many of today’s accounting professionals have a new perspective on when and how they want to work. Are firms heeding the call? The onset of the COVID-19 pandemic forced countless businesses, including accounting firms, to go remote essentially overnight due to mandated shutdowns and stay-at-home orders. Now with the public health emergency officially over , the shift to more remote work has become the new normal.
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.
Going Concern
JUNE 16, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. Yeah, That PwC Thing Is Still Going On Australian state bans PwC from new tax contracts for three months [ Reuters ] An Australian state on Thursday imposed a three-month ban on PricewaterhouseCoopers’ (PwC) local
ThomsonReuters
JUNE 16, 2023
Artificial intelligence (AI) has proven that it is a far cry from just a buzzword. Over the years, AI in accounting has increasingly gained traction and, going forward, it will continue to transform the tax and accounting profession. Is your firm ready? Like many industries, the accounting profession is exploring how AI can improve efficiencies and help strained firms better serve clients.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
JUNE 16, 2023
Is your firm running its gears on outdated accounting technology? That is a question many accounting firms should consider as they look to remain competitive, better serve clients, and expand bandwidth in today’s challenging environment. Advancements in technology continue to have a significant impact on how accounting professionals work and serve their clients.
Withum
JUNE 16, 2023
Commercial reasonableness is a crucial concept in the healthcare industry, particularly regarding physician compensation. Essentially, commercial reasonableness refers to whether a transaction or arrangement is considered to be fair and appropriate based on prevailing market conditions and economic factors. In the context of physician compensation, commercial reasonableness is a critical consideration because it helps ensure that doctors are fairly compensated for their work and that healthcare
ThomsonReuters
JUNE 16, 2023
The accounting profession is in the midst of a transformation, and firms must ensure they are upskilling their accountants to remain competitive and keep pace. While the profession is no stranger to change, the COVID-19 pandemic shifted that change into higher gear, driving home the need to meet rising client demands and shifts in employee wants and expectations.
Randal DeHart
JUNE 16, 2023
As a small business owner, you know that managing your finances is crucial to the success of your business. But with so many accounting principles and practices, it can be challenging to know where to start. That's where we come in! This guide will break down the essential accounting principles that every small business owner should know. We'll discuss how these principles can help you keep track of financial transactions, create accurate financial statements, and make informed decisions for you
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
ThomsonReuters
JUNE 16, 2023
Many of today’s tax and accounting practices are struggling with strained firm capabilities. Is your firm among them? Rising client expectations , an ever-changing regulatory environment , and the ongoing war on talent have left many of today’s firms grappling with strained bandwidth. In fact, a 2022 survey by the Virginia Society of CPAs (VSCPA) found that the greatest challenges facing firms are being overworked and understaffed.
KROST
JUNE 16, 2023
The California Small Business and Nonprofit COVID-19 Supplemental Paid Sick Leave Relief Grant Program (CA SPSL) awards eligible California small businesses and nonprofits grants, ranging between $5,000 – $50,000, to reimburse for COVID-19 supplemental paid sick leave provided to workers between January 1, 2022, to December 31, 2022. Grants are awarded on a first-come, first-serve Read the full article.
ThomsonReuters
JUNE 16, 2023
The Enron scandal. The Worldcom scandal. When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. Do you know how to spot it? How widespread is corporate fraud? A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less seve
Going Concern
JUNE 16, 2023
On his best days, former Toronto Blue Jays’ player José Bautista was pounding homers, flipping bats and making a mockery of Major League pitching. I mean, let’s face it, his blast against the Texas Rangers in the 2015 American League playoffs is the stuff of Canadian legend. Now it seems that Bautista’s bat flip is not the only memory he’s left behind.
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.
CPA Practice
JUNE 16, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss DataSnipper , an Intelligent Automation Platform within Excel that accelerates Audit and Finance teams’ productivity. Click here to visit the podcast page.
Cherry Bekaert
JUNE 16, 2023
This session provides not-for-profit employees, board members, and other stakeholders with a basic and fundamental understanding of revenue recognition for contributions and grants in the not-for-profit environment. We review the key terminology, definitions and concepts that impact the timing and amounts of revenue recognized from contributions and grants, as well as common areas of complexity and challenges.
CPA Practice
JUNE 16, 2023
By Deepak Upadhyay, Mint, New Delhi (TNS) EY said Tuesday its global chairman and CEO Carmine Di Sibio plans to retire next year after the collapse of his plan to split the Big Four firm in two. However, Di Sibio made it clear that he did not intend to step down immediately. He would oversee the organization until the end of the next financial year in June 2024.
Menzies
JUNE 16, 2023
Menzies LLP - A leading chartered accountancy firm. The most successful and progressive leaders are endorsing ESG or Environmental, Social and Governance principles in all areas of their businesses, but in what ways are they doing this and is it resulting in a positive effect on their overall performance? This was the theme for the latest Brighter Thinking Roundtable , jointly hosted by Menzies Creditor Services team and the Chartered Institute of Credit Management (CICM) in London.
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
JUNE 16, 2023
They are on the way. The IRS is sending out more than 5 million to 8 million CP14s, which means your clients are going to need help.
Acterys
JUNE 16, 2023
Optimizing an organization’s financial health can be a challenging task, especially for CFOs and other finance leaders. Maintaining control over an enterprise’s spending and resources is crucial for success. Financial budgeting serves as a critical aspect of business planning, allowing organizations to effectively allocate their financial resources and gain valuable insights into their operations.
CPA Practice
JUNE 16, 2023
By Martin Schamis, CFP, Kiplinger Consumer News Service (TNS) The Tax Cuts and Jobs Act (TCJA) of 2017 is currently scheduled to sunset at the end of 2025, meaning significant changes are on the horizon for taxpayers. Now is the time to understand those implications and consider strategies to help mitigate the potential tax risks—and this article can help you get started.
ThomsonReuters
JUNE 16, 2023
Keeping pace with the ever-changing tax regulatory landscape can be difficult and time consuming. Noncompliance can result in hefty fees, penalties, and audits. According to new data released in October 2022 by the IRS, tax gap estimates are on the rise. The IRS defines the gross tax gap as “the difference between estimated “true” tax liability for a given period and the amount of tax that is paid on time.
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.
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