Wed.Nov 01, 2023

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IRS Opens Clean Vehicle Tax Credit Tool to Auto Dealers

RogerRossmeisl

As reported via IR-2023-202 on 11/1/2023 IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the IRS.

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Top 12 expense management tips for businesses in 2024.

Airbase

In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov

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Deloitte Auditors Got Caught Changing Their Computer Clocks to Backdate Workpapers

Going Concern

This is not the kind of behavior we expect from our friends in the north! CPA Ontario announced yesterday Deloitte will be paying $1.59 million ($1.15 million USD) in fines and costs for breaches of the CPA Ontario Code of Professional Conduct (Rule 501 and 502). 501 covers a firm’s maintenance of policies and procedures for compliance with professional standards and 502 a firm’s maintenance of policies and procedures: competence and conduct of firm members.

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Top 12 expense management tips for businesses in 2024.

Airbase

In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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CFOs should embrace digital transformation or risk irrelevance

Accounting Today

In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.

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Employers Can Get a Tax Benefit for Providing Gym Access

CPA Practice

Is your company requiring more employees to return to the business premises? They may be reluctant to do so, but you can offer some new accommodations that might make things more worthwhile. For example, your company may provide a gym or similar athletic facility on the premises so employees can work out before or after work hours (or maybe even during lunch) There are several potential benefits such as creating goodwill and improving morale—not to mention fostering better health among workers—p

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How CPA Firms Can Compete for Top Talent in the Year Ahead

CPA Practice

CPA firm leaders outlining staffing plans for the coming year can’t help but worry if they will hit their hiring goals. This concern is not misplaced: Research for the 2024 Salary Guide From Robert Half found that organizations in both public and corporate accounting are grappling with an accountant shortage. Employers in both camps are trying multiple strategies — and often competing fiercely with each other — to attract and retain top talent.

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Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

AccountingDepartment

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.

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Avalara Adds 17 Certified Integrations into Business Apps

CPA Practice

Avalara, Inc. , a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced the release of 17 newly certified integrations with accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software applications. Avalara has been a partner-centric company since its founding in 2004, with a concerted focus on integrating with technology solutions already in use by existing and future customers.

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List of the Day: These Are the Firms on the 2023 MOVE Project Best CPA Firms for Women List

Going Concern

The Accounting & Financial Women’s Alliance and Accounting MOVE Project have released their Best Firms for Women list and while some names might prompt a hearty who?? from the audience, still others are familiar names known for their women-friendly culture. What does it mean to be a best firm for women in the year 2023 anyway? From the list’s press release [ PDF ]: In the 2023 Accounting MOVE Project report, released today, a talent-starved profession receives a fresh influx of s

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How to Build the Ideal HR Team

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.

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IRS increases 401(k) and IRA limits

Accounting Today

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.

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Xero Awards UK: Introducing our 2024 judges

Xero

We’re excited to announce our official judging panel for the Xero Awards UK 2024. This year’s panel is made up of Xero leadership, as well as guest judges from the Xero community, including previous Xero Award-winners and industry leaders. They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories.

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Redefining digital taxes

Accounting Today

A new proposal would create new definitions of digital goods for state taxation.

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KROST is Attending the PrimeGlobal World Summit

KROST

Our CEO, Jason Melillo is attending the PrimeGlobal World Summit. The conference takes place from November 6th through November 9th and will be held at the InterContinental in Miami. Jason will be networking and attending sessions on topics such as business opportunities, technology, advisory, and more. The World Summit brings together leaders and professionals from Read the full article.

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Planning Your Restaurant's Path to Profitability

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.

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IRS extends time to 'perfect' R&D tax credit claims

Accounting Today

Taxpayers will now have through Jan. 10, 2025, to fix a refund claim.

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Imagineering Field Service Management for NetSuite

Insightful Accountant

I put my mind to work while I was at SuiteWorld to think about new ways to 'imagineer' the uses for the new NetSuite Field Service Management feature.

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Choreo acquires BDO wealth management business

Accounting Today

Choreo, a Chicago-based independent investment advisory firm that spun off from Top 10 Firm RSM US last year, has acquired an $8.1 billion wealth management practice from BDO USA.

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The Ins and Outs of E-Filing 1099s With the IRS

Patriot Software

When you own a business, you may need to hire an extra helping hand, like a vendor or contractor, to get a job done.

Account 92
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How Automation is Driving Efficiency Through the Last Mile of Reporting

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

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M&A roundup: Adams Brown, Doeren Mayhew and VSCPA expand

Accounting Today

Adams Brown merged in VonFeldt, Bauer & VonFeldt; Doeren Mayhew acquired practice from Button Eddy & Sorrentino; and the Virginia Society of CPAs acquired Don Farmer, CPA, PA.

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How to Prepare for Black Friday and Cyber Monday Success

Menzies

Menzies LLP - A leading chartered accountancy firm. Black Friday takes place the day after the US holiday Thanksgiving, during the final weekend of November, marking the start of the Christmas shopping season. This year, it falls on November 24th. Originally celebrated in the US, its popularity has spread globally. Cyber Monday takes place on the following Monday and was created by retailers to encourage people to shop online, which in recent years has outperformed the traditional Black Friday s

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PCAOB rejiggers future agendas after busy year

Accounting Today

The Public Company Accounting Oversight Board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.

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Sean Duncan on the Transformation of Traditional Accounting and Role of Technology Adoption

Canopy Accounting

Sean Duncan, founder of SMD Consulting & Accounting, talks about how he navigated the challenging terrain of transforming a traditional accounting practice into a future-facing firm. We'll dive into the importance of aligning personal and professional goals, and discuss the game-changing role of technology adoption in achieving work-life balance.

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Recruit and Retain New Blue-Collar Talent

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.

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The Offshoring Dilemma: Top Concerns for Partners When Considering Offshoring for Their Firms

Accounting Insight

To tackle the persistent skills shortage, many accounting firms are exploring new avenues to bolster their resources and remain competitive. Offshoring , the practice of outsourcing tasks or processes to professionals in other countries, has emerged as a viable solution for many. This approach isn’t just about saving costs; it gives access to specialized skills and the ability to meet increased client demands.

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Private sector added 113K jobs in October

Accounting Today

Annual pay increased 5.7% year over year in another sign of continuing strength in the economy despite interest hikes and inflation.

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3 Top Tools for Efficient Email

Ryan Lazanis

Effectively managing emails can be a time-consuming task. Explore these tools that can aid in handling your inbox and enhance efficiency. The post 3 Top Tools for Efficient Email appeared first on Future Firm.

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Doeren Mayhew Acquires Small CPA Practice in Michigan

CPA Practice

Top 60 accounting firm Doeren Mayhew said on Wednesday it has acquired Michael Sorrentino’s practice of Button Eddy & Sorrentino, a CPA firm based in Farmington Hills, MI. Terms of the deal were not disclosed. Founded in 1994, Button Eddy & Sorrentino has provided a broad range of tax, auditing, valuation, litigation support, and business advisory services to businesses, individuals, and nonprofit organizations.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

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Canopy Demo Sweepstakes

Canopy Accounting

Discover how Canopy has revolutionized the operations of accounting firms similar to yours by automating intricate workflows, enhancing client interactions, and amplifying overall visibility. With Canopy's innovative solutions, real accounting professionals have harnessed the power of automation to streamline their processes, resulting in increased efficiency and reduced manual tasks!

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BDO USA Sells Wealth Management Practice to Choreo

CPA Practice

Chicago-based investment advisory firm Choreo has purchased BDO Wealth Advisors, the affiliated wealth management business of BDO USA, the sixth largest accounting firm in the U.S. The transaction, terms of which were not disclosed, became official on Tuesday, according to both firms. Choreo is the former wealth management practice of RSM US, the fifth largest accounting firm in the U.S.

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Job Titles That Help Your Business Claim R&D Tax Credits

Shay CPA

As a startup, you’re probably looking for every money-saving opportunity you can find. That’s particularly true when it comes to your taxes. Even if you’re operating at a loss and don’t have a tax liability yet, tax credits matter. The U.S. Code allows you to carry those forward for up to 20 years , which means things you’re doing today can go a long way toward shrinking your tax bill in the future.

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U.S. Job Openings Increased Again in September

CPA Practice

By Reade Pickert, Bloomberg News (via TNS). U.S. job openings unexpectedly climbed in September for a second month, underscoring the persistent strength of labor demand in various pockets of the economy. The number of available positions increased to 9.6 million from a downwardly revised 9.5 million in August, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey showed Wednesday.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.