TaxConnex

DECEMBER 7, 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. Well into the black: Black Friday 2023 e-commerce spending jumped 7.5% from a year earlier to a record $9.8 billion in the U.S., according to a Adobe Analytics report cited by news sources. Americans spent $12.4 billion on Cyber Monday, news reports added, saying overall spending increased 9.6% from a year ago, making it the biggest online shopping day ever.

Sales 147

Sales Tax West Virginia South Dakota 147

BurklandAssociates

DECEMBER 7, 2023

Startups are saturated with information on how to best budget and forecast for the year ahead. Founders are asking questions, but they’re not asking all the questions. Negative supposition about Read More The post 2024 Predictions for Startups to Plan and Prepare for Now appeared first on Burkland.

147

147

Withum

DECEMBER 7, 2023

On November 28, 2023, the Tax Court ruled that the exception from self-employment tax for limited partners does not apply to limited partners who actively participate in the partnership’s business operations. The court engaged in a “functional inquiry into the roles and activities” of the limited partners. It concluded that their level of participation was inconsistent with an exception from self-employment tax.

Tax 121

Tax Delaware tax services audit 121

CPA Practice

DECEMBER 7, 2023

By Alec Regimbal, SFGate, San Francisco (TNS) The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of widely-shared social media posts. The Facebook posts, which began appearing last month, generally repeat the same false information. They claim a fourth round of stimulus checks, with payments ranging from a few hundred dollars and a few thousand dollars, will be sent to residents of 10 states starting Nov. 30.

Montana 118

Montana Idaho New Mexico Illinois 118

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

Accounting Today

DECEMBER 7, 2023

The Securities and Exchange Commission's chief accountant cautioned auditors and public companies about the statement of cash flows after spotting problems that could lead to a financial restatement.

auditor 117

auditor Account accountant accounted 117

Going Concern

DECEMBER 7, 2023

Well it was nice while it lasted. According to the the fourth-quarter AICPA & CIMA Economic Outlook Survey, inflation has once again taken the top spot for things that keep CFOs, CEOs, and controllers with CPA after their names up at night. Last quarter the big concern was talent , that sure has changed for this quarter: Twelve percent of business executives said they had too many employees , up four percentage points from last quarter.

CPA 112

CPA Finance 112

Going Concern

DECEMBER 7, 2023

Tip time! CohnReznick’s network is apparently contaminated and the firm has warned employees not to connect to it in the office under any circumstances (in red text and caps no less). In fact, they’ve told people to stay home just to be safe. Tip: All offices are working remotely with severely limited access to normal functions and systems.

CPA 109

CPA Gaming Technology 109

Accounting Today

DECEMBER 7, 2023

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

audit 127

audit 127

CPA Practice

DECEMBER 7, 2023

By Michael Grothaus, Fast Company (TNS) Unfortunately, ghosting just doesn’t happen in the dating world. The practice is quite common in the professional world when it comes to job hunting. Talk to any recruiter and you’re likely to hear stories about how they had a promising candidate for a position, but that candidate just stopped replying to them.

Maine 105

Maine 105

Withum

DECEMBER 7, 2023

Are you an athlete or part of a sporting organization looking to navigate the complex world of taxes? Join this on-demand webinar where Withum’s Professional Sports experts and Rocco Scarfone dive into the complex challenges associated with athletes and taxes. You don’t want to miss this year-end educational planning session brought to you by the Withum and Premier Sports Network partnership.

tax planning 98

tax planning Sports Tax New York 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.

CPA Practice

DECEMBER 7, 2023

By Ashlyn Brooks. Kiplinger’s Personal Finance Kiplinger’s Money Power Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified. Without the options that traditional employers provide, freelancers, consultants and other solo entrepreneurs must carve their own path.

accounting and finance 98

accounting and finance Washington Tax Gaming 98

Accounting Today

DECEMBER 7, 2023

Economic conditions, including inflationary pressures, topped the list of concerns cited by executives on a new survey.

Account 117

Account accountant accounted 117

CPA Practice

DECEMBER 7, 2023

By Michael Sasso, Bloomberg News (TNS) Inflation has sapped 40% of Americans of their pandemic savings, making consumer spending even more reliant on the job market. Generous government stimulus payments and lock-downs that kept people at home led to “windfall” savings, Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets, said in a research note Monday.

Government 94

Government 94

Cherry Bekaert

DECEMBER 7, 2023

The Financial Crimes Enforcement Network (FinCEN) released a Final Rule regarding beneficial owner information (BOI) reporting. The Final Rule addresses the circumstance when a reporting company can use a FinCEN entity identifier of a related entity when completing its BOI report. Why Is There BOI Reporting? The Corporate Transparency Act (CTA) was passed into law as part of the National Defense Authorization Act for fiscal year 2021.

93

93

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

DECEMBER 7, 2023

Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.

83

83

SkagitCountyTaxServices

DECEMBER 7, 2023

The end of the year, that is. That means that for your Skagit County business’s financial reporting, this is go time. Now that we’re into December, time is short to take care of your year-end accounting. This is something we specialize in so be sure to get on our calendar to set up your EOY tax planning appointment: app.acuityscheduling.com/schedule.php?

payroll 75

payroll tax return payroll tax Tax 75

Accounting Today

DECEMBER 7, 2023

A world view; muscle head; in the hunt; and other highlights of recent tax cases.

Tax 110

Tax tax preparation 110

Withum

DECEMBER 7, 2023

Another significant change occurred in the 340B program after a federal judge ruled in favor of Genesis Healthcare in the Genesis Healthcare, Inc. v. Becerra court ruling on November 3, 2023. The federal judge cited that the Health Resources and Services Administration’s (“HRSA”) definition of a “patient” was too broad and that covered entities do not need to initiate a prescription for it to be filled under 340B pricing.

Healthcare 65

Healthcare Pharmaceutical Hospitality Manufacturing 65

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

DECEMBER 7, 2023

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

audit 75

audit Account accountant accounted 75

Insightful Accountant

DECEMBER 7, 2023

Xero will increase the cost of their 'Cashbook' subscriptions for U.S. customers effective March 4, 2024.

91

91

Accounting Today

DECEMBER 7, 2023

More working Americans have a health savings account, but many are not using them to their fullest potential.

Tax 90

Tax Account accountant accounted 90

Accounting Insight

DECEMBER 7, 2023

IRIS Software Group (IRIS) is today unveiling the significant growth and market adoption of its core human capital management (HCM) offerings, IRIS Cascade and Staffology By IRIS , designed to help businesses of all sizes navigate an uncertain world where managing, growing and supporting their people is a strategic goal. To support businesses both today and tomorrow, IRIS is focused on its cloud offerings which provide significant benefits for customers.

payroll 59

payroll Account accountant accounted 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.

Accounting Today

DECEMBER 7, 2023

Like other accounting firms, KPMG has been battling a fall in demand for its services caused by the tougher economic climate.

Account 73

Account accountant accounted accounting firms 73

Accounting Insight

DECEMBER 7, 2023

As we bid farewell to 2023 and look to the future, the accountancy sector is going through a number of changes. It’s undoubtedly exciting to see new tech being integrated within businesses, as well as the detailed insights it can provide, but it can also be perceived as complex or costly for those out of the loop. The same goes for regulation, which is due to shake up the accounting industry in 2024 and beyond.

Technology 59

Technology Account accountant accounted 59

Ronika Khanna CPA,CA

DECEMBER 7, 2023

Watch QuickBooks Online tutorials on my YouTube channel and subscribe to be notified of new videos. Also, if you have a request for a tutorial, please leave a comment on any of the videos or email me. The search for the right accounting software can be a time consuming process. A Google search for “ small business accounting software ” yields over 250 million results.

accounting software 52

accounting software quickbooks Account accountant 52

Accounting Insight

DECEMBER 7, 2023

Following news that HMRC plans to shut more helplines and cut phone line access by almost a third by the end of 2024, Louise Walpole from Moneypenny warns a void in customer care could be on the horizon. Moneypenny provides outsourced call handling and live chat support to more than 21,000 businesses across the UK, including hundreds of financial services and accounting firms, and knows the importance of accessible and professional customer care all too well.

accounting and finance 59

accounting and finance accounting firms Finance Account 59

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

Withum

DECEMBER 7, 2023

Forensic investigations in the hospitality industry are essential for identifying and preventing fraudulent activities. The hospitality industry is a prime target for fraudsters due to the high volume of transactions and personally identifiable information (PII). This article will explore the importance of forensic investigations in the hospitality industry and the key aspects that forensic investigators consider during their work.

forensic accounting 52

forensic accounting Hospitality Account accountant 52

Anders CPA

DECEMBER 7, 2023

Financial metrics are important for all businesses, but each industry has specific metrics they need to monitor. Which ones should transportation and logistics businesses be on the lookout for? In this recorded Summit Virtual CFO by Anders webinar, you will learn how much cash a transportation and logistics business should have set aside, what a forecast is, why you need one, how metrics can serve as levers to increase profitability, and how to measure your pipeline.

Transportation 52

Transportation CPA 52

CPA Practice

DECEMBER 7, 2023

By H. Dennis Beaver, Esq. Kiplinger Consumer News Service One theme in science-fiction is the ability to either “read” others’ thoughts or implant memories or even knowledge. The 1990 film Total Recall , starring Arnold Schwarzenegger, and the 2012 remake, with Colin Farrell in the lead role, featured a company that could implant false memories into a person’s brain that made them think they’d done or been somewhere they hadn’t.

Washington 52

Washington Start-ups 52

Anders CPA

DECEMBER 7, 2023

Financial metrics are important for any business, but each industry has specific metrics they need to monitor. Which ones should law firms be on the lookout for? In this recorded Summit Virtual CFO by Anders webinar, you will discover how much cash a law firm should have in the bank, what a forecast is, why you need one, how metrics can serve as levers to increase profitability, and how to measure your pipeline.

Legal 52

Legal CPA 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.

cpa firm