Accounting Today
OCTOBER 6, 2023
The IRS has recently unveiled proposed regulations that shine a light on the murky world of digital asset broker definitions, the intricacies of the new Form 1099-DA, and its implementation timeline.
Going Concern
OCTOBER 6, 2023
On Wednesday we were tipped to several people at the manager+ level in transaction services getting laid off from Deloitte, all of whom were working remotely. And then this reply the artist formerly known as Twitter mentions layoffs in audit: We talked all the time in grad school (approx 6 years ago) that there was no way the (then) current model would be sustainable… I think it’s finally starting to crumble.
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CPA Practice
OCTOBER 6, 2023
The U.S. housing market has rebounded impressively in 2023 after a short-lived downturn late last year. The total value of the U.S. housing market has surged by more than $2.6 trillion over the past year, a new Zillow analysis shows. The total value of the U.S. housing market — the sum of Zillow’s estimated value for every U.S. home — is now slightly less than $52 trillion, which is $1.1 trillion higher than the previous peak reached last June.
Accounting Today
OCTOBER 6, 2023
Taxpayers' eagerness to use free software provided by the service to file their taxes may be exaggerated because of the way a survey was designed.
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
OCTOBER 6, 2023
Sorry to do this to you on a Friday but… From “Why No One’s Going Into Accounting” published today by Wall Street Journal. There’s your answer. The post Fun Chart of the Day: Well F*ck Accountants Then I Guess appeared first on Going Concern.
CPA Practice
OCTOBER 6, 2023
A new report reveals a red flag for corporate boards: At US public companies, the share of board directors who are reported as having business strategy experience has dropped significantly over the last five years. It declined from 70 percent in 2018 to 59 percent in 2023 in the S&P 500, and from 68 percent to 55 percent in the Russell 3000. The decline in such experience among new directors was even more pronounced.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Randal DeHart
OCTOBER 6, 2023
Getting approved for a business loan or line of credit is more complicated than qualifying for a personal loan. Small construction business owners must be adequately prepared to meet with a lender to present their business in the best possible light and ready for the money they need. Think of all the times: You loaned money to a friend or relative Provided labor and materials for somebody's home or business without a deposit check Did change order work that you never got paid for doing and never
ThomsonReuters
OCTOBER 6, 2023
Jump to: Modernizing document collection Meeting c lient e xpectations Automating d ata e ntry Revamp the r eview p rocess Better delivery to clients A talent management advantage Planning a 1040 digital tax transformation Many tax firms know their tax preparation process is not as efficient as it should be—and it’s costing them money and opportunity.
Accounting Today
OCTOBER 6, 2023
The Maryland Association of CPAs highlighted three outstanding members, plus multiple firms as C-level leaders, and other firm and personnel news from across the country.
Withum
OCTOBER 6, 2023
On September 20, 2023, the United States Securities and Exchange Commission (“SEC”) adopted amendments to the Investment Company Act of 1940 “Names Rule,” which is the first amendment to this rule in approximately 20 years. The amendment addresses broad categories of investment company names likely to mislead investors about an investment company’s investments and risks.
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Accounting Today
OCTOBER 6, 2023
The international public-sector accounting board released its proposed consultation paper for its strategy and work program over the next five years.
Menzies
OCTOBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. Companies now have access to a new First Year Allowance, referred to as Full Expensing, after the cessation of the “super-deduction” capital allowance earlier this year. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments.
Accounting Insight
OCTOBER 6, 2023
Following the government announcement ACCA has made the following statement. ACCA has today welcomed Government proposals to back small businesses and tackle late payments. Glenn Collins Head of Technical and Strategic Engagement, ACCA UK, said: ‘As we have made clear in our response to government consultations, we welcome any move to help tackle the late payment crisis.
Menzies
OCTOBER 6, 2023
Menzies LLP - A leading chartered accountancy firm. A change in priorities and attitudes is driving new trends in sustainability strategies for restaurant kitchens. In this article we explore some of the inventive ways that owners and managers are adapting to economic and social pressures, which are having a positive impact on operational efficiencies as well as the environment.
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
OCTOBER 6, 2023
As part of our 2023 Malpractice Liability Insurance Buyer's Guide, experts weigh in on the risks accountants are facing
CPA Practice
OCTOBER 6, 2023
The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said today. ”As Gilda Radner used to say on Saturday Night Live, ‘If it’s not one thing, it’s another,’ ” Kleinhenz said. “This is certainly one of those times when that expression fits well with what is going on in the economy.
MazumaBusinessAccounting
OCTOBER 6, 2023
Good bye Mazuma. Hello Vyde. Mazuma USA is rebranding to Vyde to demonstrate our company’s commitment to providing small business owners with the accounting insights they need to thrive. This rebrand marks a renewed purpose for our team to elevate our customer experience and provide valuable financial insights. “At our core, we have always been a client-centric company,” says Greg Nielson, Vyde co-founder. “We started with the goal of providing financial insights and affo
Cherry Bekaert
OCTOBER 6, 2023
Notice 2023-63 Provides Clarity on Capitalization and Amortization of Research Costs On September 8, 2023, the Internal Revenue Services (IRS) released Notice 2023-63 (the Notice), Guidance on Amortization of Specified Research or Experimental (SRE) expenditures under Internal Revenue Code Section 174. This Notice clarifies matters covered under the Section 174 enacted under the Tax Cuts and Jobs Act of 2017.
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
Canopy Accounting
OCTOBER 6, 2023
As accountants, working with non-profit organizations requires a deep understanding of specific financial reporting requirements. One of the critical documents that demands attention is Form 990 - Return of Organization Exempt from Income Tax. In this blog post, we will explore the significance of Form 990 and why it is essential for accountants working with nonprofits to have a solid grasp of its intricacies.
Accounting Today
OCTOBER 6, 2023
Plus, Sikich launches data analytics practice; and other accounting technology news and updates.
CPA Practice
OCTOBER 6, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss the latest trends in practice management for accounting firms. 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.) SPEAKERS Randy Johnston, Brian F.
Accounting Today
OCTOBER 6, 2023
With a vast array of options available, selecting the right software can be overwhelming.
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.
CPA Practice
OCTOBER 6, 2023
There are 117 people in KPMG’s new partner class for fiscal year 2024, which began at the Big Four firm on Oct. 1. Last year KPMG promoted 186 to partner for fiscal year 2023. Of the 117 new KPMG partners, 40 work in advisory and another 40 work in tax. KPMG’s audit practice added 32 new partners, while growth and strategy and risk management added two and three new partners, respectively.
Accounting Today
OCTOBER 6, 2023
An inside look at nine of the top programs protecting accounting practices.
Going Concern
OCTOBER 6, 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. Relatable Consulting firms’ problems fuelled by pursuit of growth [ Australian Associated Press via Yahoo!
CPA Practice
OCTOBER 6, 2023
By Riley Beggin, The Detroit News (TNS) The U.S. Treasury Department released proposed guidance Friday for point-of-sale discounts many consumers will be able to get on electric vehicles beginning Jan. 1, 2024. The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act, Democrats’ climate and clean energy bill that passed last year.
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CPA Practice
OCTOBER 6, 2023
By Dave Goldiner, New York Daily News (via TNS). A former top Trump Organization executive Friday testified that he repeatedly committed tax fraud at the direction of then-chief financial officer Allen Weisselberg in a major blow to the defense at former President Donald Trump’s $250 million civil fraud trial. Ex-controller Jeffrey McConney first claimed he didn’t know it was illegal for him to dramatically overestimate the value of Trump-owned assets like golf courses, Trump Tower apartments an
CPA Practice
OCTOBER 6, 2023
By Ari Natter and Steven T. Dennis, Bloomberg News (TNS) Work in Congress has ground to a halt as Republicans search for a new speaker, threatening Ukraine aid and delaying consequential business legislation. Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development.
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