TaxConnex
AUGUST 15, 2023
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.
CPA Practice
AUGUST 15, 2023
Taxpayers who are not under examination by the IRS now have “an easier, more efficient way” to submit electronic requests for relief when they have to submit international tax documents after a deadline, the tax agency said on Aug. 11. That electronic option is via a fax machine. “Across the IRS, our teams are working to make improvements to help people, and this electronic option removes a step in the paper process that can help save time and ease burden on international taxpayers as well as th
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Cherry Bekaert
AUGUST 15, 2023
Often, after much negotiation, debt may be reduced on various projects to realign debtor and equity holders’ interests in properties. Property owners restructuring debt should be wary of tax consequences that could occur. Debt cancellation, foreclosures and short sales can often increase tax liability for cancellation of debt income. On this episode of the Tax Beat Podcast, Brooks Nelson , Partner and Strategic Tax Leader, and Sarah McGregor , Tax Director, discuss the tax cost and poten
CPA Practice
AUGUST 15, 2023
Professionals on the Move is a round-up of recent promotions and staffing announcements around the profession. Intuit QuickBooks Welcomes Karla Uribe, Serving the Accountant Community as the New Director of Product Management, Partners Segment Intuit QuickBooks recently announced that Karla Uribeis the new Director of Product Management, Partners Segment.
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
AUGUST 15, 2023
Puerto Rico’s largest bank filed a data breach notification with the Maine Attorney General on August 14 related to the MOVEit ransomware attack that has so far snagged Deloitte, EY, and PwC. For once KPMG is thrilled to be excluded from the Big 4. EY client Bank of America sent a similar notice to its customers last week , that notice did not go into detail as to the why an accounting firm would have had access to this customer information like Popular’s does. 82,217 Banco Popular c
CPA Practice
AUGUST 15, 2023
The Public Company Accounting Oversight Board (PCAOB) has not been in a jovial mood lately. Shortly after criticizing audit firms for the number of errors they made on public company audits reviewed by PCAOB inspectors last year, the audit watchdog doled out sanctions to 12 accounting firms from July 28 to Aug. 11 for breaking various auditing rules.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
AUGUST 15, 2023
The Institute of Internal Auditors, which promotes internal audit standards, certifications, education, research, and technical guidance worldwide, has commented on the U.S. Securities and Exchange Commission (SEC)’s issuance of their final rule on cybersecurity risk management, noting the positives associated with greater transparency and accountability, while pledging to continue to work with the SEC to address additional concerns.
Accounting Today
AUGUST 15, 2023
In recognition of National Intern Day, interns from Top 100 Firm Withum volunteered at local organizations and nonprofits across the United States.
CPA Practice
AUGUST 15, 2023
In business formation, one thing is constant across all 50 states and the District of Columbia: business owners choosing to incorporate must select a registered agent (RA) to handle the acceptance of service of process for their companies. However, the specifics of which business structures require an RA and who can fulfill this role differ from state to state.
Accounting Today
AUGUST 15, 2023
The service is looking for ideas to make its current ADRs better and help them reach more people, and to create new ones, if they're needed.
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.
CPA Practice
AUGUST 15, 2023
Registration is now open for an executive management course, jointly developed by Saïd Business School at the University of Oxford and AICPA & CIMA, that’s designed to give accounting and finance professionals the skills necessary to lead their organization’s response to sustainability issues. The course, ESG and Sustainable Financial Strategy, will give participants a detailed understanding of environmental, human capital and governance concepts, reporting frameworks and assurance considera
GrowthForceBlog
AUGUST 15, 2023
7 min read Budgeting and budget reporting are integral parts of running a successful business. At face value, budgeting might seem like a mundane, unimportant task, but it's absolutely vital to business operation and strategy.
CPA Practice
AUGUST 15, 2023
By Katelyn Washington, Kiplinger Consumer News Service (TNS) Some states have laws that allow inflation to dictate higher property taxes. That’s because revenue from property taxes is used to fund police and fire departments, maintain roads, and other initiatives that benefit the public. And when inflation is high, like it is right now, these initiatives require more money to operate.
KROST
AUGUST 15, 2023
Starting January 1, 2024, business owners will face additional reporting requirements enforced by the Financial Crimes Enforcement Network (FinCEN), in compliance with the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) Reporting Rule. On September 29, 2022, FinCEN issued a final rule requiring specific companies to report the BOI effective January 1, 2024.
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.
AccountingDepartment
AUGUST 15, 2023
At AccountingDepartment.com, we strive to provide our clients with the top software solution options and work with some of the best technology partners out there. When it comes to implementing NetSuite, we turn to goVirtualOffice and offer their NetSuite implementation services to our clients.
Xero
AUGUST 15, 2023
When I moved back to Melbourne in 2017 after 15 years living overseas, I joined the Glen Eira football club as a volunteer because it’s a great way to meet people and it’s really rewarding. At the club we live by our motto which is “football for all”. We have wheelchair football, we have all abilities football, we have walking football, we have Go SoccerMums for women to have a kick around while their kids are at training to promote staying active.
Accounting Today
AUGUST 15, 2023
A new report says the service isn't effectively managing or resolving many of its remediation efforts.
Inform Accounting
AUGUST 15, 2023
Founded in 2014 by Anne Boden, Starling was the UK’s first mobile bank offering super-fast setup, beautifully simple money management and 24/7 support, all with no monthly fees.
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
Accounting Today
AUGUST 15, 2023
Two notices from the IRS offer guidance on the new rules regarding minimum distribution requirements from the SECURE Act 2.0.
CPA Practice
AUGUST 15, 2023
Boomer Consulting, Inc., a provider of peer communities, thought leadership and unique consulting services for the accounting profession, has announced the next evolution of the Boomer Circle Summit. The Boomer Circle Summit will bring together members of all of Boomer Consulting’s peer communities. These leaders from across the accounting profession will have a unique opportunity to discuss top challenges and opportunities and help create alignment across all areas of an accounting firm: leader
Accounting Today
AUGUST 15, 2023
Buy-ins are changing; faxing the IRS; Barbie and sales tax; and other highlights from our favorite tax bloggers.
CPA Practice
AUGUST 15, 2023
Businesses are failing to act on the increasing enterprise risks brought about by ESG and climate risk, revealed in its new global study of 200 senior leaders working across financial and industrial sectors. That’s according to research by Verdantix. The research reveals that 52% of firms say climate related threats such as climate risks to physical assets or energy transition risks represented very material risks to their firm over the last 12 months, while 37% say their physical operations wil
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.
Withum
AUGUST 15, 2023
In an increasingly cashless society, digital payments have become the norm for businesses across various industries. Resorts, with their focus on providing exceptional guest experiences, are no exception. Accepting digital payments can offer numerous benefits to resorts, including improved convenience, enhanced security, and increased customer satisfaction.
CPA Practice
AUGUST 15, 2023
Two individuals took home “Bridging the Gap” awards after being honored on August 15 by Boomer Consulting, Inc. during the 2023 Boomer Technology Circles Summit in Kansas City, Missouri. These awards honor firms and individuals within the accounting profession that excel in aligning technology and firm management. Kamran Faruqi, Adams Brown [link] Kamran Faruqi, MBA, Chief Information Officer at Adams Brown, was presented with the 2023 Bridging the Outstanding Technology Leader award.
Going Concern
AUGUST 15, 2023
EY continues to redefine the meaning of “better working world,” this time by way of salaries for audit staff in financial services. Better for whom we aren’t quite sure, not the people receiving these salaries. AFR wrote about EY Australia audit salaries this morning (their morning): The starting pay for most auditing staff in parts of EY’s financial services division will not increase this year, at the same time the firm has told clients that “significant wage inflation” had f
CPA Practice
AUGUST 15, 2023
Date: Tuesday, September 12, 2023 Time: 3 PM EDT / 2 PM CDT / 12 PM PDT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Understand your legal and regulatory obligations, develop adequate policies to secure client data and protect your practice.
Advertisement
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.
Withum
AUGUST 15, 2023
Over the last two years, the New York City Musical and Theatrical Tax Credit Program has been a leading force in helping the live theatrical industry recover from the devastating effects of COVID-19 and get back to where it was before the pandemic. The New York City Musical and Theatrical Tax Credit was implemented to provide economic incentive to those theatrical productions that perform in New York City.
ThomsonReuters
AUGUST 15, 2023
Jump to: 1: Unlock the benefits of value-based pricing 2: Gaining an advisory service advantage with client-centric services 3: Getting ahead with Practice Forward As the accounting industry continues to evolve, it is important for accounting firms to understand the benefits that advisory services can offer. Not only can advisory services help drive growth and profitability for the firm, but they can also provide more value to clients.
Anders CPA
AUGUST 15, 2023
Outsourcing Financial Data Protection and Information Security (FDICIA) testing can help financial institutions potentially reduce overhead costs that come with hiring, training and retaining qualified employees on an in-house team. A lack of internal experience and specialized knowledge can also negatively impact your organization’s ability to manage and monitor FDICIA compliance.
CPA Practice
AUGUST 15, 2023
Right Networks and Thomson Reuters have partnered to offer cloud hosting of its tax and accounting solutions to firms and organizations in the U.S. As part of the multi-year collaboration, tax and accounting professionals can now leverage Right Networks’ secure, scalable cloud hosting with Thomson Reuters’ software suite, including UltraTax CS and SurePrep.
Advertisement
"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.
Expert insights. Personalized for you.
130 
Let's personalize your content