Going Concern

AUGUST 4, 2023

Thomson Reuters put out a quick guide on recruiting accounting talent in current year based on responses gleaned from their 2023 State of the Tax Professionals Report and you know what it’s not bad. It’s a refreshing break from the articles that imply ESG is more important to young people than being able to pay rent. Nope, this one has it all — competitive salary, the first date size-up, flexible working arrangements, transparency in interviewing.

accounting firms 98

accounting firms Account accountant accounted 98

RogerRossmeisl

AUGUST 4, 2023

There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. From a business valuation perspective, it’s important to recognize the common denominators these businesses share. Reliance on intangible assets Professional practices provide services rather than sell products (at least primarily).

Education 246

Education CPA Account accountant 246

SMBAccountant

AUGUST 4, 2023

Internal audits play a crucial role in the success and sustainability of a company. They are systematic and independent evaluations of a company’s internal controls, financial reporting, and operational processes. Conducting regular internal audits helps identify potential risks, improve operational efficiency, and ensure compliance with laws and regulations.

audit 130

audit auditor Account accountant 130

RogerRossmeisl

AUGUST 4, 2023

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. But should you? It’s not as simple as it may seem. Qualified improvement property For qualifying assets placed in service in tax years beginning in 2023, the maximum allowable first-year Section 179 depreciation deduction is $1.16 million.

Real Estate 245

Real Estate CPA Tax business tax 245

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

AUGUST 4, 2023

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

income tax 98

income tax Sales Tax 98

RogerRossmeisl

AUGUST 4, 2023

Expanding operations into foreign countries can help U.S. businesses reduce labor and operating costs. It can also provide them with access to new markets and potentially higher profits. You may be attracted to a country by a plentiful labor supply, significant tax benefits or government incentives. But, beware: Some foreign business environments present serious fraud risks.

CPA 245

CPA Government Tax 245

RogerRossmeisl

AUGUST 4, 2023

If you’re age 65 and older and have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums can be costly, especially for married couples with both spouses paying them. But there may be an advantage: You may qualify for a tax break for paying the premiums. Premiums count as medical expenses For purposes of claiming an itemized deduction for medical expenses on your tax return, you can combine premiums for Medicare health insurance wit

tax return 241

tax return Tax CPA 241

CPA Practice

AUGUST 4, 2023

The IRS on Aug. 4 provided guidance to taxpayers on the requirements for home energy audits in order to claim the energy efficient home improvement tax credit. Created by last year’s Inflation Reduction Act, the nonrefundable energy efficient home improvement credit is available to taxpayers who purchase and install certain energy efficient improvements in their principal residences.

audit 98

audit auditor Tax Start-ups 98

Accounting Today

AUGUST 4, 2023

The Internal Revenue Service and the Treasury Department said Friday they will be issuing rules for prescription drug makers and importers about a new tax imposed by a provision in last year's Inflation Reduction Act to allow Medicare to negotiate on the prices of many medications.

Tax 98

Tax 98

CPA Practice

AUGUST 4, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) There’s another Mega Millions drawing Aug. 4 (that’s tonight!) and the advertised jackpot has climbed to $1.25 billion. That’s an estimated cash payout of about $625.3 million, which is the fourth-largest prize in Mega Millions history. However, the Mega Millions winner will have to pay considerable federal taxes.

South Dakota 98

South Dakota New Hampshire Wyoming income tax 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.

Canopy Accounting

AUGUST 4, 2023

The accounting industry is undergoing significant changes in today's fast-paced and technology-driven world. Integrating AI and technological advancements presents challenges and opportunities for accountants and accounting firms. Remaining competitive and thriving in this evolving landscape means embracing the new — new ideas, new practices, and new technology.

Account 98

Account accountant accounted accounting firms 98

CPA Practice

AUGUST 4, 2023

A majority, 61%, of U.S. companies surveyed expect ESG backlash to continue or increase over the next two years, according to a report issued by The Conference Board. The report recommends that corporate boards and management view backlash as an opportunity to clarify their ESG strategy and communications. The Conference Board also found that most companies are staying the course when it comes to their ESG commitments.

Construction 98

Construction Washington 98

Accounting Today

AUGUST 4, 2023

One of the most enduring mysteries in cryptocurrency was resolved when Ilya Lichtenstein acknowledged that he executed the 2016 attack on the Bitfinex exchange.

Technology 98

Technology 98

CPA Practice

AUGUST 4, 2023

By Martha Sanchez, The Sun Herald (TNS) James Chilimigras leaned toward the computer screen, nervous. “This is the last and most difficult of the four, day-long exams,” he told his family, who had gathered, and his tutor, Bryan Kesler. Kesler crossed his fingers. Chilimigras raised his eyebrows. “Well,” he said, and grinned. “I passed.” Meet a world record holder: He is 15.

CPA 97

CPA Mississippi Louisiana Alabama 97

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

AUGUST 4, 2023

The Chartered Institute of Management Accountants and the Chartered Professional Accountants of Canada signed a memorandum of understanding.

CPA 98

CPA management accounting management accounts Account 98

GrowthForceBlog

AUGUST 4, 2023

6 min read Savvy business leadership requires business owners and CEOs not only to know their numbers but to have up-to-date, reliable data supporting the numbers they know and the decisions they make.

quickbooks 79

quickbooks accounting system Account accountant 79

Accounting Today

AUGUST 4, 2023

CBIZ Somerset promotes six to senior manager; Walter Shuffain hires CAS managing director; and more news from across the profession.

98

98

Randal DeHart

AUGUST 4, 2023

Marketing covers everything you do in your business that creates awareness, including advertising, brochures, competitions, trade shows, demonstrations, travel, direct mail, email campaigns, your website, and sponsorship. Let's narrow our focus to an integral part of Marketing - Advertising. Advertising is a massive industry with multiple mediums for your message to be heard or lost in translation.

Sales 79

Sales Construction bookkeeping 79

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

AUGUST 4, 2023

The chair and senior partner of PwC shares why it's important for firms to have their employees' backs.

Technology 98

Technology 98

Going Concern

AUGUST 4, 2023

Poets&Quants reported yesterday that Deloitte is pushing back start dates for MBA new hires, for some they’ve been pushed back all the way to spring of next year. The details: Many of the MBAs hired by Deloitte, one of the world’s biggest accounting and financial advisory firms, have been informed that their onboarding with the company will be delayed until January or February 2024, or in some cases later in the spring.

Start-ups 52

Start-ups Account accountant accounted 52

Accounting Today

AUGUST 4, 2023

The service released information on how taxpayers can claim the energy efficient home improvement credit.

audit 98

audit Tax 98

Withum

AUGUST 4, 2023

Time, quality and budget are three crucial factors that project managers must keep in sight to ensure the successful completion of a project. Deliveries must be made quickly, quality standards should be exceed (or meet) and financial resources must be allocated appropriately. Let’s cover the significance of considering all three factors throughout the project lifecycle, and explore hands-on effective management strategies. 3 Factors for Project Success 1.

Management Consulting 52

Management Consulting 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

AUGUST 4, 2023

The unemployment rate dipped one-tenth of a point to 3.5%, the U.S. Bureau of Labor Statistics reported.

Account 98

Account accountant accounted payroll 98

Withum

AUGUST 4, 2023

Determining allowable executive compensation is one of the most critical aspects of calculating a Federal Acquisition Regulation (FAR)-compliant overhead rate. The main objective is to demonstrate that claimed compensation costs are reasonable and allowable in compliance with FAR 31.205-6. Government contractors, including engineering consultants and other businesses, can do this either independently, by using nationally-published compensation surveys, or by using the National Compensation Matri

cpas 52

cpas audit Maine Government 52

CPA Practice

AUGUST 4, 2023

Top 10 public accounting firm CLA (CliftonLarsonAllen) acquired Tacoma, WA-based accounting and advisory firm Frost & Company. The deal went into effect on Aug. 1. As a result of the acquisition, CLA now has more than 30 professionals who worked for Frost & Company in offices in Tacoma and Lacey, WA. “The team at Frost & Company is recognized for consistently delivering superior service and creative out-of-the-box thinking,” Scott Engelbrecht, CLA’s chief geographic officer, said in

cpa firm 52

cpa firm Washington CPA Real Estate 52

Withum

AUGUST 4, 2023

Internal Revenue Code (“IRC”) Section 163(j) limits the amount of business interest expense certain businesses can deduct. Changes to the rules will further limit the amount of business interest expense that can be deducted for companies where the interest expense limitations apply. With interest rates on the rise because of recent inflation, this business interest expense disallowance could be painful for taxpayers, especially ones that will have larger amounts disallowed.

Real Estate 52

Real Estate Construction CPA Tax 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

AUGUST 4, 2023

Top 25 accounting firm Withum has expanded its footprint in Baltimore through the acquisition of two practices. The first acquisition includes the specialized health care assurance and risk consulting practice of TMDG. TMDG had merged with top 100 accounting firm PBMares , based in Newport News, VA, in January 2015 and became a subsidiary of PBMares.

accounting firms 52

accounting firms audit Tax Account 52

Accounting Insight

AUGUST 4, 2023

Cloud accounting provider iplicit has won two prestigious hotel clients after demonstrating its compatibility with the sector’s widely-adopted method for handling finances. The software disruptor has signed agreements with the Fairlawns Hotel and Spa, near Walsall in the West Midlands, and Lime Wood in the New Forest, both award-winning destinations. iplicit says its suitability for the Uniform System of Accounts for the Lodging Industry (USALI) makes it ideal for hotel clients keen to get a com

accounting and finance 52

accounting and finance Hospitality Finance Account 52

Accounting Today

AUGUST 4, 2023

The disclosures that companies make about their green credentials will be evaluated by new global audit standards that are expected to be finalized by the end of next year.

audit 52

audit Account accountant accounted 52

Accounting Insight

AUGUST 4, 2023

The continuously evolving professional landscape necessitates a focus on ongoing learning and professional development to thrive in today’s competitive world. Embracing lifelong learning not only enhances knowledge and skills but also encourages adaptability, innovation, and personal growth. Exploring the significance of professional development and lifelong learning, we discover the multitude of benefits they offer and practical strategies to cultivate a mindset of continuous improvement.

Education 52

Education Technology Account accountant 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