AccountingDepartment

MARCH 21, 2024

This comprehensive guide illuminates the value proposition that outsourcing Financial Planning and Analysis can offer to small and medium-sized businesses.

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Account accountant accounted 81

CPA Practice

MARCH 21, 2024

By Julie M. Bradlow. At the end of 2023, the U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. While this sentence may be clear, the implications for accounting firms in knowing how to advise clients may be a bit blurry.

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Tax tax return Delaware accounting and finance 122

Accounting Today

MARCH 21, 2024

The Securities and Exchange Commission has charged two separate investment advisors for severely overstating their use of AI and machine learning for financial advice.

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Technology 119

Xero

MARCH 21, 2024

Dive into the world of franchising in this Q&A with Lime Licensing ’s CEO, Andy Cheetham, as he shares his expertise, insights, and advice for businesses looking to franchise. How can a business determine if its model is suitable for franchising? Franchising is all about replication. If your current business can create a clone of itself in another location then it’s likely that your clone could be a franchise, provided it can be profitable of course!

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bookkeeping software Legal Technology bookkeeping 117

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

MARCH 21, 2024

The retail industry supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment, according to a new report released today by the National Retail Federation. The figures are up from 52 million jobs and 25% of total U.S. employment in 2018. Conducted by PwC, The Economic Contribution of the U.S. Retail Industry examines the direct, indirect and induced contribution of the retail industry to the U.S. economy.

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Accounting Today

MARCH 21, 2024

The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.

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Tax Finance tax planning 112

Accounting Today

MARCH 21, 2024

The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.

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Tax 110

Going Concern

MARCH 21, 2024

An accounting firm you’ve never heard of made the local news in a Tennessee town you’ve also never heard of for the firm moving into 55,000 square feet in a 128,000-square-foot building where 2,000 Citi call center grunts used to work. According to earlier reporting, the property in Gray, TN (pop. 1,342) could have been turned into a school.

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accounting firms Tennessee Account accountant 104

CPA Practice

MARCH 21, 2024

By Dave Eisenstadter, masslive.com (TNS) A 17-year veteran of the IRS was arrested on Wednesday and charged with filing false personal tax returns for three years and underreporting about $90,000 worth of income, according to Acting U.S. Attorney Joshua Levy’s office. Ndeye Amy Thioub, 67, of Swampscott, MA, works as a revenue agent assigned to the Large Business and International Division of the IRS, conducting independent field examination and related investigations of complex income tax retu

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tax return Massachusetts Tax income tax 98

Insightful Accountant

MARCH 21, 2024

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

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CPA 95

Advertiser: Paycor

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Accounting Today

MARCH 21, 2024

The gang's all here; not in good hands; lack of redemption; and other highlights of recent tax cases.

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Tax tax preparation 112

Insightful Accountant

MARCH 21, 2024

Contributing Author Katie Thomas, CPA shows you how you can not only make it through "the busy season' by help future-proof your firm by adopting AI and proactive strategies.

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CPA 85

Accounting Today

MARCH 21, 2024

The modern chief financial officer is increasingly tasked with risk management, including identifying and mitigating various risks such as cyberthreats and regulatory compliance issues.

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Account accountant accounted 84

Insightful Accountant

MARCH 21, 2024

We've all heard of 'life coaches', but a CPA turned Life Coach who specializes in coaching CPAs to "bring a sense of calm to their lives" WOW!

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cpas CPA 78

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

MARCH 21, 2024

A former employee of U.K. tech mogul Mike Lynch's Autonomy Corp. told jurors at his U.S. criminal trial that she and one of her higher-ups were both fired after flagging concerns about accounting irregularities.

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Account accountant accounted accounting standards 63

CPA Practice

MARCH 21, 2024

Fyle , an expense management platform that works with customers’ existing credit cards, announced the launch of its Conversational AI platform, where employees can submit expense receipts and other details via text messages. This marks a paradigm shift in how accountants and professionals manage expenses, eliminating the need for traditional apps and making expense tracking significantly faster.

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Expense Management Account accountant accounted 64

Withum

MARCH 21, 2024

Did you know that ERP systems can be a game-changer for your tax teams, making tax-related activities a breeze and boosting overall efficiency? The tax applications within an ERP system can speed up tax-related activities, including tax calculation, reporting, compliance and optimization. This can lead to significant business benefits , such as streamlined processes, reduced risks and increased efficiency.

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Tax NetSuite tax return tax planning 59

CPA Practice

MARCH 21, 2024

By Rachel Graf, Bloomberg News (TNS) Sam Bankman-Fried said U.S. prosecutors’ proposal to put him in prison for as long as 50 years “distorts reality” and paints him as a “depraved super-villain.” Prosecutors have argued that a sentence ranging from 40 to 50 years is necessary for the FTX co-founder’s “historic” crime involving more than 1 million victims and losses of more than $10 billion in the collapse of his crypto empire.

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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

Accounting Today

MARCH 21, 2024

Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.

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Account accountant accounted accounting standards 66

CPA Practice

MARCH 21, 2024

An Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on March 21 provides illustrative guidance to help companies determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718, Compensation—Stock Compensation. The purpose of profits interest awards is generally to give employees the opportunity to participate in the upside of the entity — typically private companies — upon

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accounting standards financial accounting Account accountant 64

Summit CPA

MARCH 21, 2024

At any size and level of growth, long-term financial strategy and day-to-day financial monitoring are vital to the health of a business. Failure to conduct due diligence in finance and accounting most especially impacts the long-term performance of small businesses and start-ups. However, being able to afford a CFO or a Financial Controller, or both, is one of the largest factors preventing businesses from hiring these vital finance roles.

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accounting and finance Finance Start-ups Account 59

Insightful Accountant

MARCH 21, 2024

Gary Dehart discusses Drake Software products with John and Chris. John manages Drake Portals, Chris handles Drake Pay. Both focus on customer satisfaction and product improvement through feedback and tech team collaboration.

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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.

Canopy Accounting

MARCH 21, 2024

What's new: With the latest update, clients now have the flexibility to pay their invoices directly through a secure link, bypassing the need to log into the Client Portal. As a Canopy user, your process remains unchanged. Upon sending an invoice, your clients will receive the usual email notification, which now includes an additional "Pay now" option.

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Withum

MARCH 21, 2024

Women within the Financial Services Industry share their perspectives on mentoring, support, and empowerment. The phrase that there is “strength in numbers” is very applicable when it comes to women in business today. Trailblazers in blazers in the 1990s and early 2000s paved the way, helping women shatter glass ceilings and earn their seats at male-dominated tables to showcase their value, strength, and ability.

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Start-ups 52

Patriot Software

MARCH 21, 2024

Business expenses add up—fast. Fortunately, there are extensive tax deductions available for small business owners to offset the cost of running a business. Unfortunately, tax deductions can be complicated and confusing. Use our small business tax deductions checklist to simplify tax time, check out common FAQs relating to deductions, and get tips.

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business tax Tax Account accountant 52

CPA Practice

MARCH 21, 2024

Seller Ledger quietly launched in beta for eBay sellers last year in January, and officially came to market in March of 2023. Over the course of the past year the company has expanded to support Etsy, Poshmark, Mercari and Amazon sellers in addition to eBay with its automated bookkeeping and accounting solution. Seller Ledger was created by Kevin Reeth, the original founder of Outright.com which was purchased by GoDaddy and became GoDaddy Bookkeeping.

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bookkeeping Account accountant accounted 52

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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

Dent Moses

MARCH 21, 2024

For the past five years, taxpayers have enjoyed historically high gift and estate tax exemptions, thanks to the Tax Cuts and Jobs Act of 2017. This legislation doubled the exemption from approximately $5.5 million to $13.61 million per person (adjusted for inflation) in 2024. The annual gift exemption also increased to $18,000 per donee in 2024. This substantial exemption has allowed individuals and families considerable flexibility in their estate planning.

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tax planning Tax tax return Construction 52

CPA Practice

MARCH 21, 2024

The Financial Accounting Standards Board (FASB) on March 20 appointed a longtime veteran of Big Four firm EY to the role of director of technical activities. Jackson Day, who is currently a partner in professional practice at EY, will begin his new role at the FASB this July. Jackson Day “I am thrilled to have this opportunity to return to the FASB and be a part of its standard-setting team,” Day, a FASB practice fellow from 1997-99, said in a statement.

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Kansas accounting careers Washington accounting standards 52

FraudFiles

MARCH 21, 2024

I did a divorce investigation several years ago that I like to call the Instagram Investigation. The husband was accused of marital waste (dissipation), as he was spending lots of money on his new girlfriend while his divorce was pending. The wife needed to quantify how much he was spending on the girlfriend, but it [.

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CPA Practice

MARCH 21, 2024

SAP Concur held it’s Fusion 2024 conference in mid-March, and announced product developments and partnerships at the event. The new booking experience in Concur Travel launched last August , featuring a consumer-grade user experience with a streamlined booking and checkout process. The new experience includes omni-search capabilities that automatically merge options for many locations, such as airports, city centers, or company locations, delivered by a robust travel ecosystem.

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Expense Management Technology accounting and finance Spend Management 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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