Accounting Today

JULY 20, 2023

Did staff get more or less productive while they were working remotely during the pandemic — and why?

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TaxConnex

JULY 20, 2023

Maintaining current, valid exemption certificates is critical in managing your overall sales tax risk. Under audit, an otherwise exempt sale will be deemed taxable without such documentation from a customer – and just a few missing certificates can result in large penalties and interest. Properly documenting exempt sales is a hassle and a pain, but it matters.

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CPA Practice

JULY 20, 2023

A Top Technology Initiative Article. June 2023. With the spring conference season wrapping up, watching the frenzy around Artificial Intelligence (AI) and its applicability in the profession has been amazing. As noted in my April column , there are various innovative uses of AI and privacy risks for your client data. Recently, Google released its SAIF (Secure AI Framework) regulations based on six principles to enable the creation of high-quality, secure artificial intelligence.

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Going Concern

JULY 20, 2023

Have you ever wondered which Big 4 firm has been involved in the most federal litigation in the last four years? No? Well Law Street Media put together this beautiful post about Big 4 firms getting sued in federal court anyway and you’re going to read it. The article is all about analytics so of course it starts with some data: The global networks of Deloitte, EY, KPMG, and PwC made a combined $189.6 billion in revenue in 2022 and employed 1.37 million people.

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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.

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ThomsonReuters

JULY 20, 2023

As technology continues evolving, the demand for advisory services has grown exponentially. Many firms have found themselves needing to stay up-to-date with the latest trends and technologies in order to remain competitive in the market. In response, Thomson Reuters has created an Advisory Report Quiz as an easy way for CPA advisors to assess where their firm stands in its advisory journey and take actionable steps towards elevating their practice.

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Accounting Today

JULY 20, 2023

Recent data says that companies spent significantly more on software over the past year, with finance departments' spending in particular seeing major spikes.

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Accounting Today

JULY 20, 2023

Recently appointed the president of the Information Technology Alliance, Geni Whitehouse wants to be a bridge between small and middle-market businesses.

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Technology 98

Anders CPA

JULY 20, 2023

Moving from a role in a traditional business to a startup can take some adjustments, but learning how to automate, integrate and build a team from the ground up can empower those who make the switch. On this episode of the But Who’s Counting? podcast, host Dave Hartley sits down with Jane-Ellis Griggs, the VP of Finance and Operations at St. Louis startup turned bestselling sustainable swimwear brand Summersalt.

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Accounting Today

JULY 20, 2023

Past tax problems, too; blaming the law; on pins and needles; and other highlights of recent tax cases.

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CPA Practice

JULY 20, 2023

By Roman H. Kepczyk, CPA.CITP. Summertime is vacation season as well as consulting season (my 27 th year on the road) and many of us are heading out on the road with the caveat that we might, yeah maybe, ah yeah. have to work some during a portion of your trip. Guided by the Boy Scout motto of always being prepared, I’m writing this column on my “gotta have items” for working anywhere on the road, along with some personal road warrior tips to minimize summertime travel and work blues.

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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.

Cherry Bekaert

JULY 20, 2023

Section 179D Energy Efficient Commercial Buildings Deduction (Section 179D) was significantly enhanced through the Inflation Reduction Act (IRA), offering commercial building owners and designers, like architects and engineers, potential lucrative tax credits. The tax credit rewards qualifying energy-efficient commercial buildings to encourage clean energy and offset the costs of the improvements.

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Insightful Accountant

JULY 20, 2023

The accounting profession’s first and only national, independent premier benchmark survey for practicing accounting, tax and bookkeeping professionals will remain open through Sept. 1.

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CPA Practice

JULY 20, 2023

Randy Johnston, Chairman Emeritus, Network Management Group, Inc. and Brian Tankersley, President of Adept Practices, Inc., have announced the launch of the 9 th Annual Accounting Firm Operations and Technology (AFOT) Survey. The AFOT Survey will remain open through September 1, 2023. The survey results eBook, to be released in November 2023, will continue to remain a free resource delivered to practicing accounting, tax and bookkeeping professionals who complete the survey.

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Accounting Today

JULY 20, 2023

The decision potentially has much broader ramifications than just those with regard to penalties with respect to Form 5471.

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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.

Insightful Accountant

JULY 20, 2023

You will save time due to the high-confidence recommended matches using QuickBooks Checks.

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quickbooks 85

CPA Practice

JULY 20, 2023

By Erin Bendig, Kiplinger Consumer News Service (TNS) In 2023, Social Security benefits got an 8.7% COLA, the largest cost-of-living adjustment since 1981. According to the United States Social Security Administration (SSA) , “COLAs are based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).” So, when inflation starts to cool, that means a lower COLA for Social Security recipients.

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Insightful Accountant

JULY 20, 2023

NetSuite is empowering customers with embedded learning to help users leverage the power of the suite through training resources aimed at accelerating adoption and enhancing skills.

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NetSuite 52

Going Concern

JULY 20, 2023

Apparently someone inside EY blabbed to Financial Times about the current state of EY audit quality and the firm “expects more failing grades” from the PCAOB specifically related to work performed offshore for US-listed clients. Their last inspection wasn’t so great , the PCAOB identified deficiencies in twelve of the 56 audits inspected for a deficiency rate of 21.4%–the worst score EY’s gotten since 2018.

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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

CPA Practice

JULY 20, 2023

The Public Company Accounting Oversight Board (PCAOB) on July 19 unveiled six new search filters on its Firm Inspection Reports page to allow investors, audit committee members, and other stakeholders the ability to analyze and compare data from more than 3,700 inspection reports. “PCAOB inspection reports provide investors, audit committees, and potential clients with important information they can use to make informed decisions.

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Withum

JULY 20, 2023

Tracking down corporate credit card transactions and reconciling at month-end in an Excel spreadsheet is a thing of the past. When it comes to credit card use and your organization, Sage Intacct has you covered. Sage Intacct defines credit card accounts and includes credit and debit cards. In Accounts Payable, there is a distinct difference between the two.

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AccountingDepartment

JULY 20, 2023

Tipalti offers a comprehensive solution for managing global payments, allowing businesses and finance departments to effortlessly automate their payment operations worldwide. This empowers them to adapt to evolving needs while prioritizing crucial initiatives and embracing digital transformation.

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Withum

JULY 20, 2023

Here we are; the PPP loan has come and gone. Are you one of the firms dealing with the repercussions of receiving PPP loan forgiveness? Hopefully, you properly accounted for PPP loan forgiveness in preparing your indirect cost rate. Otherwise, you will likely be hearing from your state department of transportation. Per Federal Acquisition Regulation 31.201-5, the applicable portion of any income, rebate, allowance, or other credit relating to any allowable cost and received by or accruing to the

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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

JULY 20, 2023

When asking if knowledge in the hands of your clients is helpful … the argument can go both ways.

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Cherry Bekaert

JULY 20, 2023

Wayfair v. South Dakota was a landmark case that clarified how sales tax is determined and collected. Brought about by a group of online retailers that challenged a South Dakota law, the case has had major impacts on how state and local jurisdictions throughout the U.S. establish physical presence or nexus. Since the initial ruling of the Supreme Court case, states have begun to set up their own sales tax laws.

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Inform Accounting

JULY 20, 2023

Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate of £3.45 a week. Non-payment (or credit) could mean entitlement to the state retirement pension (and other contributory state benefits) will be affected unless the individual is also paying Class 1 NIC because they are employed. The majority of self-employed individuals liable to pay Class 2 NIC do so via the self-assessment regime at the same time as paying any income tax due on 31 January after t

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Summit CPA

JULY 20, 2023

The Virtual CPA Success Show: Episode 87 Jeff Bartsch, founder of Story Greenlight, joins Jamie and Jody to discuss storytelling and how it can help agencies level up. With his experience working for various companies, such as ABC and NBC, he believes that ordinary messages can be elevated into something extraordinary and explains how that same approach can be used in business.

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

CPA Practice

JULY 20, 2023

More than 100 team members in seven markets from Centri Business Consulting, LLC , an accounting and advisory firm, recently worked together to give back to their local communities at the company’s first company-wide Community Collaboration Day. The Community Collaboration Day saw the Centri team donate 637 hours of time and over $20,000 to local nonprofits across the company’s footprint in Boston, Denver, New York City, Philadelphia, Raleigh, Tampa and Tysons Corner.

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FraudFiles

JULY 20, 2023

What sources of income are commonly included when calculating spousal support in a divorce case? While the specifics vary by jurisdiction, in general the courts will commonly consider: wages, investment income, business income, rental income, and royalties.

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Withum

JULY 20, 2023

Football GOAT Tom Brady reportedly was paid $30 million for appearing in commercials and serving as an ambassador for the now-bankrupt FTX. That stock is currently pretty much worthless. However, worse for Brady is that he would have to pay federal and maybe state income tax on that $30 million. He is not alone in this debacle. There were many other top stars that also appeared in the commercials, as did Brady’s ex-wife Gisele Bündchen.

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Accounting Today

JULY 20, 2023

California may have some of the highest personal income taxes in the country, but it's one of the few states that doesn't tax lottery wins.

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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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