CPA Practice
FEBRUARY 8, 2024
By Debadrita Sur, The Buffalo News, NY (TNS) A Cheektowaga, NY, man was sentenced last week to five years of probation for embezzling funds from a fitness center in Amherst, Erie County District Attorney John J. Flynn said. Michael F. Ickowski Jr., 36, stole $78,615.58 between Dec. 6, 2022, and June 11, 2023, from the Amherst Fitness Center where he worked as an accountant.
TaxConnex
FEBRUARY 8, 2024
Sales tax compliance depends on many factors. One of the most important – and the most incessantly changing – is the tax rates that America’s thousands of jurisdictions impose. These rates change all the time – if not the actual percentage, then the exemptions and other special rules that can seem nothing short of picayune for a business just trying to stay on the right side of sales tax laws.
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Accounting Today
FEBRUARY 8, 2024
The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer's Electronic Filing Identification Number.
CPA Practice
FEBRUARY 8, 2024
Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. This is according to the 2024 U.S. Accounting Industry Report, commissioned by Wolters Kluwer, which polled 1,776 tax and accounting firms of all sizes, also shows that modern accounting practices face a mix of internal and client facing challenges.
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.
Going Concern
FEBRUARY 8, 2024
Perhaps this post is long overdue and should have been written at least two years ago when the professional workforce began returning to the office post-pandemic but better late than never eh? Take notes, slobs. Over the years, we have covered various incidents of college-educated professionals behaving as though they were raised in a barn when utilizing the office restroom.
CPA Practice
FEBRUARY 8, 2024
By Shalene Gupta, Fast Company (TNS) Two forces move the world: love and money. Fidelity Investments surveyed 1,794 couples over the age of 18 in committed relationships to examine what happens when you combine them. Here are some of the key findings. Talking about money is challenging : More than 1 in 4 couples say money is their greatest relationship challenge.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 8, 2024
State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities in state CPA societies across the U.S. The Iowa Society of CPAs (ISCPA) was founded in 1915 and currently has more than 4,000 active members, making it the largest professional membership organization in Iowa. Current Members: 4,000 Founded: 1915 Headquarters: West Des Moines, IA CEO: Dawn P.
Summit CPA
FEBRUARY 8, 2024
Virtual CPA Success Show Podcast Episode 109 Jody and Joey welcome Simon Severino, CEO of Strategy Sprints , to discuss how agencies can create a culture of opportunity that gets every member involved. When financial times are tight, and spending is scrutinized, agencies need to ensure clients are invested starting from the first call – and for years to come.
CPA Practice
FEBRUARY 8, 2024
By Mike Fouts The accounting profession is at a crucial moment in which there’s massive potential to enhance productivity, elevate client experiences, and prevent burnout. As financial first responders, accountants often find themselves under immense pressure that is only amplified by the busy tax season. To alleviate accountants’ tedious—but essential—tasks, firms must adopt automation technology, an increasingly essential resource in the profession.
Patriot Software
FEBRUARY 8, 2024
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
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.
Going Concern
FEBRUARY 8, 2024
Neighbors! Announced earlier this week, CliftonLarsonAllen has signed a 16-year lease for training space at the Viking Lakes Campus in Eagan, Minnesota just 20 minutes outside of Minneapolis. The new “connection center” is expected to open next year. CLA, which has more than 130 offices across the country, including the US Bank Building in downtown Minneapolis, intends to use the space at Viking Lakes Campus for a connection center.
Ryan Lazanis
FEBRUARY 8, 2024
Accountant soft skills are an often overlooked component of building a successful firm and career. Learn where to start in this article. The post The 9 Best Accountant Soft Skills to Master appeared first on Future Firm.
Insightful Accountant
FEBRUARY 8, 2024
We sat down with Jessica to get her thoughts on being the 2023 CAS/BPO ProAdvisor Award Winner, her journey, her path to success, and how she delivers 5-star service to her clients.
CPA Practice
FEBRUARY 8, 2024
By Associated Press (via Fast Company, TNS) Pay and benefits for America’s workers grew in the final three months of last year at the slowest pace in two and a half years, a trend that could affect the Federal Reserve’s decision about when to begin cutting interest rates. Compensation as measured by the government’s Employment Cost Index rose 0.9% in the October-December quarter, down from a 1.1% increase in the previous quarter, the Labor Department said Wednesday.
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
FEBRUARY 8, 2024
Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Staying up to date with GAAP standards Running an efficient and successful business isn’t easy. Therefore, when serving business clients, it is important that accounting professionals have the right framework to ensure that proper financial reporting procedures are in place to help with accounting assumptions.
AccountingDepartment
FEBRUARY 8, 2024
Have you or your clients outgrown Quickbooks or a related solution? Need to streamline the process of handling operations? Stuck in an old system that is slowing down growth? Then this session is for you. Join Jennie Hoffman of AccountingDepartment.com and Chrissy Allard of goVirtualOffice as they take you through the signs that you have outgrown your current systems and tell the stories of businesses that have harnessed the power of an ERP.
CPA Practice
FEBRUARY 8, 2024
The IRS and the agency’s Security Summit partners alerted tax professionals on Thursday of a scam email impersonating various software companies in an attempt to steal electronic filing identification numbers (EFINs). The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns.
Insightful Accountant
FEBRUARY 8, 2024
In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions in Fact Sheet.
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
Accounting Today
FEBRUARY 8, 2024
CBIZ acquires Erickson, Brown & Kloster; Bowers merges in Kasperski Dinan & Rink; Hiline acquires Calculate; and Kruggel Lawton plans to add Cole Gavlas.
Insightful Accountant
FEBRUARY 8, 2024
Starting this month, the Tax Tab in QuickBooks Online customer files, including your own subscription clients, is asking about their 'tax preparation' method.
Accounting Today
FEBRUARY 8, 2024
The smallest accounting firms are anticipated to be the biggest spenders in technology over the coming years, according to a recent survey from Caseware.
SkagitCountyTaxServices
FEBRUARY 8, 2024
This weekend we got a chance to see what’s trending in the world of music via the 66th Annual Grammy Awards. But something that wasn’t talked about on stage was the struggles of the music industry right now. A lot of artists are facing difficulties with promoting their music online thanks to Universal’s battle with TikTok. And many music giants, including Universal and Spotify, are issuing layoffs across the board.
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
FEBRUARY 8, 2024
The Lady in fed; an education in fraud; dependent-happy; and other highlights of recent tax cases.
Withum
FEBRUARY 8, 2024
The fitness and wellness industry is a broad and diverse sector that encompasses various products, services and activities that aim to improve the physical, mental and emotional health of consumers. In 2023, the industry faced many challenges and opportunities as it adapted to the changing needs and preferences of consumers in the wake of the Covid-19 pandemic.
Accounting Today
FEBRUARY 8, 2024
Intuit QuickBooks has introduced split billing for 1099s, which allows e-filing costs for 1099s to be split between accountants and their clients.
CPA Practice
FEBRUARY 8, 2024
Cleveland-based top 15 accounting firm CBIZ acquired Erickson, Brown & Kloster, a full-service tax, accounting, and business consulting firm located in Colorado Springs, on Feb. 1. Financial terms of the deal weren’t disclosed. Concurrent with this transaction, Mayer Hoffman McCann (MHM), the auditing arm of CBIZ, gained the attest assets of EBK.
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Accounting Today
FEBRUARY 8, 2024
The Internal Revenue Service's Direct File free tax system has passed a key hurdle in the pilot test, passing muster with a dozen IRS employees successfully filing returns in as many states.
CPA Practice
FEBRUARY 8, 2024
By Jeff McDonald, The San Diego Union-Tribune (TNS) A longtime accountant for the San Diego City Treasurer’s Office who says she was fired after refusing to sign off on findings her bosses changed has agreed to accept hundreds of thousands of dollars from taxpayers to settle her lawsuit. Christine Boulton-Hunyady spent 27 years with the city of San Diego, during which she says she was promoted multiple times and discovered millions of dollars in uncollected revenue.
Accounting Insight
FEBRUARY 8, 2024
XBert, the future leading AI-powered software for bookkeeping and accounting teams, is now available in the UK. XBert helps bookkeepers and accountants work faster and smarter, thanks to its unique features that monitor data integrity, automate workflows, provide analytics and insights, and offer a white-labelled client portal. XBert’s co-founder, Troy Brown, said: “We are thrilled to launch XBert in the UK, one of the largest and most competitive markets for bookkeeping and accounting services.
CPA Practice
FEBRUARY 8, 2024
The American Institute of CPAs has requested guidance from the the U.S. Department of the Treasury and Internal Revenue Service regarding international information reporting for domestic grantor trusts. AICPA’s recommendations focus on simplifying filing for taxpayers and practitioners and reducing the administrative burden on the IRS. AICPA highlights the need for Treasury and IRS to issue a Notice or Revenue Procedure to resolve uncertainty regarding the obligation of domestic grantor trusts t
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"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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