Withum

NOVEMBER 3, 2023

The subject of accounting standards is of utmost importance in the business world. With the ever-evolving nature of the global economy, it becomes imperative to align accounting practices and regulations with the changing needs of organizations. To this end, the Accounting Standards Update 2023-01 Leases (Topic 842): Common Control Arrangements offers valuable insights and guidelines for entities involved in such transactions.

accounting standards 125

accounting standards Account accountant accounted 125

MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable. However, our representation firm led by experienced EAs, tax professionals specialize in these very problems.

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Tax tax return audit tax preparation 130

CPA Practice

NOVEMBER 3, 2023

By Andrew Argue, CPA. People are nervous. College graduates with accounting degrees , CPA exam takers , new entrants to the accounting workforce —all these metrics and our experience make us feel there’s a lack of interest in our industry. You can sense the collective anxiety brewing: Is our industry running low on accounting talent? It’s not just the macro stats causing concern.

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Account accountant accounted Technology 124

Accounting Today

NOVEMBER 3, 2023

The service's development of its newly introduced business tax accounts and recent improvements in its tax pro accounts could be jeopardized if funding is cut.

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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.

Account

Randal DeHart

NOVEMBER 3, 2023

The ability to network is a fundamental part of running a business. Running a business in isolation is difficult, so it helps to have expert partners and acquaintances available to share ideas with. If you're looking to network with construction industry professionals, there are several ways to do so. 1. Attend industry events: Look for construction industry conferences, expos, and trade shows in your area.

Construction 89

Construction Account accountant accounted 89

Accounting Today

NOVEMBER 3, 2023

NASBA CEO and RSM International CEO both announce plans to step down; Citrin Cooperman relocates New York City office; and more news from across the profession.

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Accounting Today

NOVEMBER 3, 2023

Plus, Client Hub launches AI-enabled email integration; and other news from the accounting technology world.

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Going Concern

NOVEMBER 3, 2023

Scott Scarano is not your typical accounting firm owner. With his hip-hop hats, silver chains, and rapper persona, he looks more like a SoundCloud artist than a buttoned-up businessman. Yet behind the unconventional facade lies the real story of an entrepreneur who found purpose in the unlikeliest places. In his teens, Scott was set on making it big in the entertainment and music industry.

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Accounting Today

NOVEMBER 3, 2023

A recent report from Atlas VPN estimates that if the internet were shut down entirely around the world for one day, it would cost the global economy about $43 billion.

E-commerce 90

E-commerce Technology 90

CPA Practice

NOVEMBER 3, 2023

When You Should PIG Out It’s not greedy to use a “pig” when you’re talking about investment strategies designed to reduce income tax liability. In this instance, the term refers to a “passive income generator” (PIG). Depending on your situation, you might invest in a PIG to maximize the tax benefits. Briefly stated, income from a PIG can absorb prior passive activity losses and is essentially tax-free up to the amount of the total loss, despite certain tax law restrictions.

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Real Estate income tax Tax Start-ups 64

Advertiser: Paycor

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Accounting Today

NOVEMBER 3, 2023

Gainful employment; waste not; Mr. Plow; and other highlights of recent tax cases.

Tax 112

Tax tax preparation 112

Withum

NOVEMBER 3, 2023

The American electric vehicle (EV) sector is at an inflection point. Two key developments — the recent United Auto Workers (UAW) labor contract and the evolving costs of EV battery packs — are emerging as significant drivers of change. The UAW labor contract, a groundbreaking agreement with the Big 3, is poised to exert transformative pressure on EV manufacturing.

Manufacturing 59

Manufacturing Technology 59

CPA Practice

NOVEMBER 3, 2023

Top 25 accounting firm Citrin Cooperman has acquired Gettry Marcus, a top 200 CPA firm based in Woodbury, NY. Financial terms of the transaction, which became official on Nov. 1, were not disclosed. More than 130 professionals and 28 partners from Gettry Marcus joined Citrin Cooperman as part of the deal. “Gettry Marcus has a long-standing presence in the marketplace, and we’re excited to welcome a great group of people to the firm,” Citrin Cooperman CEO Alan Badey and Executive Chairman Joel Co

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cpa firm CPA Real Estate New York 59

Withum

NOVEMBER 3, 2023

Maybe the title should be National Health Education Initiative spearheaded by a Public Library. 14 years ago, the East Brunswick Public Library (EBPL) planted a seed to provide health information to members of its community. Today, this is an award-winning national program with support from major organizations. When EBPL Information Services Manager Karen Parry, with acquiescence from Library Director MaryEllen Firestone, proposed initiating a program to provide health information to residents o

New Jersey 59

New Jersey Hospitality Healthcare Non-Profits 59

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.

CPA Practice

NOVEMBER 3, 2023

New York-based CPA firm Grassi announced on Thursday it has established an employee stock ownership plan (ESOP) for its more than 450 employees. In addition, the top 60 accounting firm said it is shifting to an alternative practice structure “ensuring the firm’s independence and strength.” An ESOP is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock.

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cpas New Jersey cpa firm New York 59

Accounting Today

NOVEMBER 3, 2023

It's imperative now more than ever that businesses understand how to efficiently manage their sustainability investments.

Tax 65

Tax 65

Ronika Khanna CPA,CA

NOVEMBER 3, 2023

There comes a time for many small business owners when they decide that they need to hire employees. This is usually an excellent sign as it means a) the business is growing and b) the small business owner has learned to delegate. It also means that additional paperwork needs to be filled out and additional taxes need to be paid. The simplest option when deciding to augment your workforce is to have the new worker invoice the business, based on hours worked or some other formula.

payroll 52

payroll income tax accounting and finance Tax 52

Canopy Accounting

NOVEMBER 3, 2023

Wanting to modernize your firm but unsure of where to start? Unsure of what "modernize" even means? In this webinar hear from Terrell Turner, CPA and co-founder of TLTurner Group, and Andrew Berg, CPA, managing partner of Berg Advisors, on the process they went through to build firms that take advantage of modern workforce practices, tech, and more.

CPA 52

CPA 52

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

Menzies

NOVEMBER 3, 2023

Menzies LLP - A leading chartered accountancy firm. What does this mean? The measures outlined in the act will give Companies House new and increased powers. Changes expected to come into force early 2024: Companies House powers to query information. Although this has already commenced with notices being sent, information will be scrutinised and rejected if information appears incorrect or inconsistent with filing history on the register.

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CPA Practice

NOVEMBER 3, 2023

The countdown is on QuickBooks Connect 2023 is on. The event, a three-day cloud accounting conference where accountants and bookkeepers can connect and get inspired – and have fun doing it. This year’s event is set for November 13-15 at the Aria Las Vegas Resort and Casino. To get the conference started with a bang, Ignition will host an exclusive pre-conference party on November 12 at 7pm at Alexxa’s, an eatery and lounge located inside the neighboring Paris Las Vegas hotel.

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Menzies

NOVEMBER 3, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC have recently introduced measures to combat fraud within R&D, including lowering the SME tax relief and increasing compliance requirements, as Ant Lalsing details in his article here. With increased HMRC scrutiny, it’s more likely you may receive correspondence from HMRC regarding your company’s R&D claim.

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Canopy Accounting

NOVEMBER 3, 2023

Embarking on a career in accounting can be a rewarding path filled with abundant growth opportunities. Here are four essential tips to help aspiring accountants effectively navigate their career development journey.

Account 52

Account accountant accounted 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

NOVEMBER 3, 2023

The unemployment rate ticked up one-tenth of a point to 3.9% as hiring slowed.

Account 65

Account accountant accounted payroll 65

CPA Practice

NOVEMBER 3, 2023

By Josephine Stratman. New York Daily News (TNS) NEW YORK — A jury unanimously found the former golden boy of cryptocurrency, Sam Bankman-Fried, guilty on all counts on Thursday. Culminating his stunning fall from grace, he was convicted of wire fraud, conspiracy and money laundering targeting the customers, investors and lenders of Bankman-Fried’s companies, FTX and Alameda Research.

New York 105

New York Government Account accountant 105

Going Concern

NOVEMBER 3, 2023

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. See ya. AI Australian academics apologize for false AI-generated allegations against big four consultancy firms [ The Guardian ] A group of academics has offered an unreserved apology to the big four consultancy firms after admi

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financial statements Tax audit CPA 113

CPA Practice

NOVEMBER 3, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, give advice about how firms that are adopting AI technologies can determine the difference between real and fake data. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors. Also, due to the intro to the podcast, add apx. 10 seconds to the time stamps below.

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Technology Tennessee Start-ups cpas 111

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Finance

Accounting Today

NOVEMBER 3, 2023

"I relied upon Mazars and our accounting team to tell me" about the preparation of a 2017 Trump financial statement, Donald Trump Jr. told the judge, who is hearing the case without a jury. "That's why we have accountants.

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CPA Practice

NOVEMBER 3, 2023

By Molly Crane-Newman, New York Daily News (TNS) Donald Trump’s eldest sons testified back-to-back at the family’s fraud trial in Manhattan Supreme Court on Thursday—both denying involvement in statements that exaggerated their father’s net worth by billions despite evidence to the contrary. Replacing his brother in the witness box shortly before noon, Eric Trump testified that he didn’t know “anything” about his dad’s financial statements until the New York attorney general brought the case

Real Estate 105

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Accounting Today

NOVEMBER 3, 2023

Senate Majority Leader Chuck Schumer vowed the Senate won't vote on the House bill and instead will produce a broader emergency package without cuts to the IRS.

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Tax 112