Going Concern

APRIL 19, 2024

Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a bunch of them are hesitant to move to the cloud. In 2024. The survey of decision makers and influencers at accounting, tax and bookkeeping firms revealed that nearly 60 percent of respondents identified their firms as slow adopters of new technologies like AI.

accounting firms 120

accounting firms Technology Account accountant 120

Accounting Today

APRIL 19, 2024

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for reporting on the proceeds of digital asset transactions for crypto brokers.

Tax 133

Tax 133

CPA Practice

APRIL 19, 2024

By Maya T. Prabhu, The Atlanta Journal-Constitution (TNS) More than 36,000 Georgians used a new “unborn dependents” deduction in 2022, lowering their taxable income by about $109 million, state officials say. The new deduction is the result of Georgia’s 2019 abortion law, which allows expectant parents to claim an embryo or fetus as a dependent on their taxes.

Georgia 111

Georgia Tax audit Washington 111

Accounting Today

APRIL 19, 2024

Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.

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auditor cpas audit 132

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

CPA Practice

APRIL 19, 2024

Forbes this week released its inaugural list of America’s Top 200 CPAs , nine of whom were recently recognized by CPA Practice Advisor. Forbes said the 200 finalists were selected through a review of more than 1,000 CPAs from a variety of backgrounds, specializations, and locations. Those candidates were then evaluated and graded on the following criteria: Certifications and credentials Years of experience Industry specialization Professional achievements Community involvement Thought leadership

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cpas CPA tax return Management Consulting 105

Ronika Khanna CPA,CA

APRIL 19, 2024

Residents of Canada are required to reflect all sources of worldwide income on their personal tax returns. For most individuals, who have investments with Canadian based banks and brokerages, this is fairly straightforward as you will receive the relevant tax slips, usually by March 31st of the year following the end of the calendar year i.e. for the 2023 tax year, you should receive all investment related tax forms and slips by March 31st, 2024.

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tax return Tax Real Estate accounting and finance 98

Accounting Today

APRIL 19, 2024

The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.

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Tax payroll tax payroll 100

CPA Practice

APRIL 19, 2024

A Top Technology Initiative Article By Randy Johnston. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

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Technology cpa firm CPA Non-Profits 72

Accounting Today

APRIL 19, 2024

Tax preparers who fail to take note of red flags and proceed with ERC calculations they know aren't reasonable, or fail to amend an existing claim, might face disciplinary proceedings.

tax preparation 90

tax preparation Tax 90

CPA Practice

APRIL 19, 2024

The IRS on Friday posted on its website the highly anticipated draft Form 1099-DA , a new tax form that cryptocurrency brokers will begin using next year to report digital asset transactions. The tax agency teased the forthcoming tax form last August when it issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers.

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Tax tax return Sales CPA 69

Advertiser: Paycor

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Accounting Today

APRIL 19, 2024

After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.

CPA 90

CPA Tax 90

CPA Practice

APRIL 19, 2024

By Gail Cole One of the most effective ways for an accounting practice to increase revenue and promote client satisfaction is to offer additional services that are essential to client compliance and success. While tax automation tools have reduced the need for many manual accounting tasks, there’s growing demand for accounting professionals to offer client advisory services (CAS).

Technology 69

Technology Tax audit Account 69

Accounting Today

APRIL 19, 2024

The Accounting and Financial Reporting Council will be investigating an anonymous whistleblower report alleging potential deficiencies in the firm's systems of quality management and the quality of its audits of the Chinese real estate giant.

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audit Real Estate Account accountant 78

AccountingDepartment

APRIL 19, 2024

We are thrilled to announce that Episode 17 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

accounting careers 80

accounting careers Account accountant accounted 80

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

APRIL 19, 2024

Advisory as a replacement requires the biggest leap: Firms have to cut the cord tethering them to the compliance work of old.

Management Consulting 95

Management Consulting accounting firms Account accountant 95

CPA Practice

APRIL 19, 2024

By Gail Cole. Online marketplace sales are expected to exceed $603 billion in the United States in 2027, or nearly 35% of all U.S. ecommerce. By 2027, marketplaces may account for 59% of ecommerce globally. Who wouldn’t want a piece of that pie? The success of online marketplaces is inspiring many retailers to operate marketplaces of their own.

Tax 59

Tax Wyoming Alaska Louisiana 59

Accounting Today

APRIL 19, 2024

KPMG enters $1.1 million partnership with Women's Health Access Matters; UHY releases nonprofit trends report; and more news from across the profession.

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75

CPA Practice

APRIL 19, 2024

By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. Maria Reich, 45, former president of On Call Accountants, pleaded guilty in U.S. District Court in Norfolk to eight counts of wire fraud as part of a plea agreement with prosecutors.

Virginia 59

Virginia Account accountant accounted 59

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

APRIL 19, 2024

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

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Technology Account accountant accounted 88

CPA Practice

APRIL 19, 2024

Christianson PLLP, an accounting firm headquartered in Willmar, Minnesota, has joined as an alliance member of CLA Global. CLA Global Limited is an organization comprised of independent accounting and advisory firms. Christianson PLLP provides audit, tax and outsourcing services across a range of industries including agriculture, renewable energy and natural resources, financial services, real estate and construction and technology.

Minnesota 52

Minnesota accounting firms Agriculture Account 52

Ryan Lazanis

APRIL 19, 2024

Are you considering acquiring an accounting firm? Learn all you need to know about buying an accounting practice by checking out this post. The post Buying an Accounting Practice: The Complete Guide appeared first on Future Firm.

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Account accountant accounted accounting firms 52

Accounting Insight

APRIL 19, 2024

Learn more about Xbert, first-time exhibitors at Accountex London… What do Xbert do? XBert is an AI-Powered Work Intelligence system that monitors both the data quality in Xero QBO Myob data entry and your teams workflow, ensuring team efficiency and accuracy. Practice Analytics to onboard and price clients, and to understand ledgers under management.

bookkeeping 52

bookkeeping audit Gaming Account 52

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.

Accounting Today

APRIL 19, 2024

Remote partners bring many advantages, but firms do need a little more thought when it comes to managing them.

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Going Concern

APRIL 19, 2024

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. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

cpas 100

cpas accounting firms Account accountant 100

Accounting Today

APRIL 19, 2024

While still a minority in the accounting world, remote partners offer unique benefits amid talent shortages.

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Account accountant accounted 56

Accounting Today

APRIL 19, 2024

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion.

Tax 75

Tax Manufacturing 75

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