ThomsonReuters

JUNE 15, 2023

You work to improve your tax and accounting firm — increase profitability, expand into new areas, and find a better work-life balance. But you and your staff are already working hard and putting in long hours, and the demands on your team are becoming increasingly complex. Tax firms are feeling the pressure of changing tax regulations, along with clients who expect greater accuracy and faster responses in the digital age.

Technology 92

Technology tax preparation tax return Tax 92

TaxConnex

JUNE 15, 2023

Call it a sales tax or a delivery fee of 27 cents. Just don’t call Colorado the only state implementing or considering such a surcharge on online sales: New York lawmakers will soon debate their own and Minnesota’s kicks in next year. Retailers, online marketplaces and services must now charge the delivery fee if an order will be delivered to a Colorado address using a motor vehicle and includes at least one item subject to the state sales or use tax.

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Colorado Sales Minnesota Tax 130

CPA Practice

JUNE 15, 2023

The IRS miscalculated 2021 child tax credit payments for thousands of eligible taxpayers as of May 5, 2022, according to a new report from the Treasury Inspector General for Tax Administration. The American Rescue Plan Act of 2021, which was approved by Congress and enacted on March 11, 2021, expanded the child tax credit and authorized monthly payments, with differing amounts, to eligible individuals and families based on their adjusted gross incomes and, if they have kids, their children’s age

Tax 131

Tax tax return tax accountant Technology 131

Cherry Bekaert

JUNE 15, 2023

Upcoming Changes to Estate Planning Laws: Start Preparing Now Elevated Gift Tax Exclusions Will Sunset after 2025 The 2017 Tax Cuts and Jobs Act (TCJA) nearly doubled the lifetime estate and gift tax exemption from $5.6 million to $11.18 million for individuals, indexed for inflation after 2018. For 2023, the indexed exemption rose to $12.92 million ($25.84 million for married couples).

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Tax cpas 111

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

JUNE 15, 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.

Technology 119

Technology tax planning audit Start-ups 119

Accounting Insight

JUNE 15, 2023

A new study has revealed that the UK accounting services sector has experienced consistent growth across the country, with increased demand for their services resulting in a 62% increase in new businesses in the sector since 2017. Tyl by NatWest , the payments partner supporting UK SMEs and micro businesses, has commissioned the Evolving Enterprise Index report , revealing the fastest growing and fastest emerging sectors in the UK.

Account 105

Account accountant accounted accounting and finance 105

Going Concern

JUNE 15, 2023

Ever since ChatGPT exploded onto the scene late last year people of all stripes have been using, discussing, exploiting, and fearing it. Which category you fit in depends on your age, profession, familiarity with technology, knowledge of decades-old conspiracies about robots taking over the world, and most importantly your willingness to embrace the new and exciting.

accounting firms 104

accounting firms Account accountant accounted 104

CPA Practice

JUNE 15, 2023

The IRS is reminding taxpayers that they may qualify for expanded home energy credits in 2023 (IR-2023-97, 5/4/23) There are two types of credits. 1. Energy Efficient Home Improvement Credit: If you make qualified energy-efficient improvements to your home, you can qualify a tax credit of up to $3,200 for the tax year the improvements are made. As part of the Inflation Reduction Act (IRA), beginning in 2023 the credit equals 30% of certain qualified expenses.

Construction 105

Construction audit Maine Tax 105

Withum

JUNE 15, 2023

Withum Announces Next Leadership Class of Women of Withum Employee Resource Group In a traditionally male-dominated industry, Withum prides itself on being historically progressive in raising women through the accounting profession and within the firm. The Women of Withum (WoW) Team Member Resource Group (TMRG), also referred to as an employee resource group, was founded in 1999 as the ‘Women’s Leadership Development Group’ with the mission of motivating, advocating and elevating female team mem

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Account accountant accounted CPA 98

CPA Practice

JUNE 15, 2023

The AICPA® & CIMA have recognized Thomas R. Weirich, PhD, CPA, as the recipient of the 2023 Distinguished Achievement in Accounting Award for his outstanding teaching, research and service throughout his 50-year career. This prestigious annual award honors full-time college educators who are distinguished for excellence in teaching and have achieved national prominence in the accounting profession.

Education 98

Education Account accountant accounted 98

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 15, 2023

QUESTION: As required, our group health plan has extended the length of HIPAA special enrollment periods due to the COVID-19 emergency. When do the extended special enrollment periods end? ANSWER: In response to the COVID-19 emergency, the DOL and IRS extended HIPAA special enrollment period deadlines by requiring plans to disregard (for a maximum of one year) the COVID-19 “outbreak period,” which began March 1, 2020, and is set to end on July 10, 2023.

Tax 98

Tax Account accountant accounted 98

GrowthForceBlog

JUNE 15, 2023

7 min read Your business is growing- congrats! But, with growth comes an increased responsibility for your back office, and your bookkeeper might need help keeping up. Key Takeaways What a Bookkeeper Does for Your Small Business: Bookkeepers are in charge of maintaining your books closely day in and day out. They generally do all data entry into accounting ledgers or software… Full-Time Bookkeeping for Small to Medium Businesses: The current average full charge bookkeeper's salary fluctuates bet

bookkeeping 98

bookkeeping bookkeeping services Start-ups Account 98

ThomsonReuters

JUNE 15, 2023

Braidwood v. Becerra, 2023 WL 2703229 (N.D. Tex. 2023) (Docket: Unpublished Order (5th Cir. June 13, 2023)) A federal appellate court has paused a portion of the trial court’s ruling in Braidwood v. Becerra while the ruling is appealed, following an agreement by the parties. At issue is the constitutionality of the Affordable Care Act’s preventive health services mandate—specifically, coverage requirements triggered by recommendations of the United States Preventive Services Task Force (USPSTF

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Government Tax Account accountant 98

CPA Practice

JUNE 15, 2023

The list of companies requiring their employees to return to the office at least a few days per week keeps growing, and it includes many well-known names. Some have been met with a strong response from their employees — and not an enthusiastic one. How these back-to-the-office mandates impact retention and recruiting at these companies remains to be seen.

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cpa firm CPA auditor Account 98

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.

ThomsonReuters

JUNE 15, 2023

CMS Insurance Standards Bulletin Series—Information (June 7, 2023) Available at [link] HHS’s Centers for Medicare & Medicaid Services (CMS) has issued guidance addressing legislative provisions that eliminated the ability of self-insured non-federal governmental health plans to opt out of complying with the Mental Health Parity and Addiction Equity Act (MHPAEA).

Tax 96

Tax Account accountant accounted 96

Cherry Bekaert

JUNE 15, 2023

The Importance of Cloud-Based Accounting Software for Nonprofit Organizations Nonprofit organizations play a critical role in our world. Whether it’s addressing social issues, championing causes or providing disaster relief assistance, nonprofit organizations wear many critical hats. Yet, with great responsibility comes many challenges for many nonprofits.

accounting software 90

accounting software Account accountant accounted 90

ThomsonReuters

JUNE 15, 2023

Increased focus on ESG There are a number of issues and challenges around ESG that tax and accounting firms need to consider. Here is a brief summary of the top five: 1. How is the growing focus on ESG affecting the audit profession? Auditors are having to expand the scope of their work as ESG is increasingly under the scrutiny of stakeholders and investors.

audit 96

audit auditor Education Tax 96

Xero

JUNE 15, 2023

If you’re a small business owner, chances are you’re always on the lookout for new and innovative ways to grow your business. A great way to do so could be right under your nose: on your local football pitch, and you don’t need to buy some football boots or play a full 90 minutes. Football sponsorship isn’t just for major companies – small businesses with varying budgets can get involved, too.

Sports 81

Sports Gaming Start-ups Sales 81

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

Insightful Accountant

JUNE 15, 2023

Murph describes the benefits of the Hour Timesheet Referral Program as an example of options for the time-tracking/keeping app you may currently be supporting.

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AccountingDepartment

JUNE 15, 2023

Virtual bookkeepers work with a wide range of client types and business sizes in various stages of growth. So, your virtual bookkeeper can be expected to bring a great breadth and complexity of knowledge and experience to your company.

bookkeeping 66

bookkeeping bookkeeping services Account accountant 66

Accounting Insight

JUNE 15, 2023

Despite advances in office technology and hybrid working, the role of the traditional receptionist is still alive and well, according to a new survey by global communications leader, Moneypenny. 82% of the UK businesses surveyed*confirm they still have a receptionist at their office, and 82% believe they will still have one in five years’ time. However, those without a dedicated receptionist said they call on the security team (55%), tech-based visitor check-in tools (48%), anyone who is availa

Technology 59

Technology top accounting firms accounting and finance Finance 59

CPA Practice

JUNE 15, 2023

The Florida Institute of Certified Public Accountants (FICPA) is one of the oldest and largest CPA societies in the U.S. FICPA was founded in 1905 and currently has more than 18,500 active members. [ State CPA Societies in Action is a series of articles spotlighting the varied Founded in 1905, the Florida Institute of Certified Public Accountants (FICPA) is the premier association serving CPAs, accountants and financial professionals in the state of Florida.

Florida 59

Florida cpas CPA public accounting 59

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.

Going Concern

JUNE 15, 2023

Prior to 2007 I had little idea the accounting profession existed. I mean, I knew it was a thing and it’s possible young me read a story or two on the Yahoo! homepage about Enron but it wasn’t until 2007 that I really knew about it. That was the year I started working in CPA review, Going Concern was founded two years later. Why am I talking about this?

Account 57

Account accountant accounted Education 57

CPA Practice

JUNE 15, 2023

The AICPA & CIMA have announced Holly Hawk, Ph.D., CPA, CGMA, as the recipient of the George Krull/Grant Thornton EDGE in Teaching Award for 2023. The EDGE in Teaching Award, established by the AICPA in partnership with Grant Thornton, celebrates educators who show excellence in accounting education, dynamic teaching, groundbreaking techniques, and engagement in the classroom.

Education 59

Education CPA accounting information system audit 59

SchoolofBookkeeping

JUNE 15, 2023

Intuit QuickBooks, a global leader in financial management solutions for small businesses, is thrilled to announce the release of the latest data for the Intuit QuickBooks Small Business Index. The index has been developed in collaboration with esteemed economist Professor Ufuk Akcigit from the University of Chicago. In the US in May, small businesses with one to nine employees saw monthly employment decrease by -0.16% to 12,863,300 jobs.

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quickbooks South Dakota North Dakota Nebraska 52

Basis 365

JUNE 15, 2023

Running a successful business involves juggling numerous responsibilities, and one crucial aspect is financial management. Bookkeepers play a vital role in maintaining accurate records and ensuring the smooth functioning of your business. However, it is essential to know the potential risks of bookkeeper fraud. Let's shed light on what business owners need to know about bookkeeper fraud, including statistics highlighting its prevalence.

bookkeeping 52

bookkeeping Employee Expense Reimbursement Expense Reimbursements auditor 52

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.

Finance

CPA Practice

JUNE 15, 2023

MyLawCLE, a provider of online continuing legal education to tens of thousands of attorneys across the United States and the Federal Bar Association and Tax Rep Network (TRN), a tax representation education and training resource for tax and accounting professionals, are partnering to deliver an expansive array of educational tools and new growth opportunities for myLawCLE customers.

Tax 52

Tax Connecticut Education Legal 52

LSLCPAs

JUNE 15, 2023

The Lifetime Gift Tax Exemption is scheduled to be cut in half in 2026. It is estimated that at this time, the lifetime exclusion will drop to around $6.2 million. This decrease will affect not only estates over the current exemption amount of $12.92 million but also those in the $6–$13 million range, as these. The post Estate Tax Law Changes in 2026 May Impact Your Taxes A LOT—Gift Now!

Tax 52

Tax cpas 52

CPA Practice

JUNE 15, 2023

Avalara, Inc. , a provider of cloud-based tax compliance automation, has released a new integrated plugin for ChatGPT that will allow users to ask the platform to calculate and research sales tax rates based on their location. Avalara is the first tax compliance software provider to work with OpenAI to use its protocol to build an integrated plugin for ChatGPT.

Sales 52

Sales Tax Technology tax return 52

Withum

JUNE 15, 2023

Listen in as Withum’s FQHC team touch on recent and prospective changes in Medicare as it relates to FQHCs, current 340B opportunities and recent updates, and the impact of ASC 842, Leases, “6 months after implementation- what we learned.” View Slide Deck View More On-Demand Webinars Viewers Will Learn About Assessing current and upcoming potential changes to Medicare that are relevant to FQHCs.

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CPA accounting and finance accounting standards Finance 52

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.

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