LSLCPAs
APRIL 4, 2024
The DOL Department of Labor has made some noteworthy changes to the financial statement audit requirement for retirement plans. The rules that began in calendar year 2023 become effective with your July 2024 reporting. Here was the main difference starting last year: The participant count will be based upon the number of participants who have account.
TaxConnex
APRIL 4, 2024
Economic nexus thresholds in many states depend on two numbers. Now, almost six years after the landmark Wayfair case ignited sales tax obligations for more remote sellers, one of those numbers might be falling out of favor. Since the Supreme Court’s decision in 2018, almost all states with economic nexus opted to have dollar volume of sales as one trigger for sales tax obligations.
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Accounting Today
APRIL 4, 2024
Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.
Going Concern
APRIL 4, 2024
The story I’m about to share with you is not directly related to the accounting profession however it’s just as relevant in this sector as any because of the principle at work: ‘AI’ isn’t always AI. In fact, it quite often isn’t. As we race toward a glorious future in which AI handles all the most boring accounting tasks and frees up professionals to do more critical thinking, let’s remember we’re living in Oz and have yet to meet the Wizard face-t
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.
Cherry Bekaert
APRIL 4, 2024
Contributor: David Mohimani, Manager, Energy Credits & Incentives Advisory Enacted in 2022, the Inflation Reduction Act (IRA) was developed to help create a cleaner environment and a more sustainable future for all individuals. The IRA created and expanded tax incentives for individuals who own or rent a home to invest in energy-saving home improvements.
Going Concern
APRIL 4, 2024
The better headline here is Teams and Office 365 are breaking up but someone already used it. Perhaps you’ve heard Microsoft has been getting hounded by the Europeans about possible antitrust violations in recent years, old hat to the company that was investigated by the Federal Trade Commission in the 90s for their stranglehold on the burgeoning home PC market and in court fighting the Department of Justice back in 2001 for trying to force us all to use Internet Explorer.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
APRIL 4, 2024
Chief culprit; tag, you're it; trust them not; and other highlights of recent tax cases.
Withum
APRIL 4, 2024
Defined Benefit Cash Balance Plans offer a powerful strategy for highly compensated physicians, allowing substantial annual contributions—often exceeding $150,000. Key features include tax-deductible contributions and suitability for small physician practices with consistent or growing cash flow. Additionally, they can be seamlessly combined with existing 401(k) plans, especially when employees are covered.Let’s look at a few illustrative examples.
Accounting Today
APRIL 4, 2024
Even as they struggle with shortages, leading firms see the staffing crisis as a chance to pull ahead of their peers.
CPA Practice
APRIL 4, 2024
By Stephen Montemayor, Star Tribune (TNS) A federal grand jury this week indicted a 44-year-old Gustavus Adolphus College professor on a litany of fraud charges for allegedly embezzling more than $690,000 from a real estate company he helped manage. The indictment returned Tuesday accused James Anthony Kroger of Cottonwood, Minn. of embezzling money invested by a business partner into a company they set up to buy Texas properties sold at auctions due to unpaid taxes.
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SkagitCountyTaxServices
APRIL 4, 2024
Well, the U.S. government has decided it can go on spending money – 1.2 trillion dollars to be exact. That means the departments of State, Defense, Labor, Health and Human Services, and Homeland Security are funded, through next September anyway. So the shutdown standoff has ended, for now. “Tax season” is also nearing its end. But the truth is that tax season actually never ends for us.
Accounting Today
APRIL 4, 2024
With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.
Accounting Insight
APRIL 4, 2024
The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. But as the days get brighter, so too can your bookkeeping in the coming year. A new (tax) year encourages you to take a fresh look at your processes. What can I do this year to improve?
Accounting Today
APRIL 4, 2024
The economic basics of supply and demand still rule the day: Your firm is worth what a buyer will pay.
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
APRIL 4, 2024
Outsourced accounting services play a crucial role in providing valuable assistance to business owners, CEOs, and entrepreneurs. With our extensive experience at AccountingDepartment.com, we have successfully tackled a myriad of challenges that businesses encounter in their accounting processes.
Reckon
APRIL 4, 2024
Running a successful restaurant requires adept and skilled management of both front and back-of-house. It’s a tightrope you have to walk, but walk it you must to encourage repeat business and smiles on dials. The front of house, which includes everything from customer service to payment collection, plays an extremely pivotal role in shaping your customer’s experience.
CPA Practice
APRIL 4, 2024
Forty-eight hours after saying it was acquiring a Texas firm that specializes in government audits, top 15 accounting firm Crowe announced Thursday the addition of ITR Economics, a Manchester, NH-based economic research and intelligence firm. The transaction will enhance and expand Crowe’s strategic advisory capabilities, offering economic insights and analysis to complement its existing portfolio of traditional consulting and deal advisory services, the firm said in a news release.
Withum
APRIL 4, 2024
A video series focused on the everchanging world of E-Commerce. E-Commerce Practice Co-Lead, Lonnie Bloom explores the everchanging world of E-Commerce through the lens of various Founders and C-Level Executives. These engaging and insightful interviews not only give you an inside look at some of the most innovative companies in the industry but also shed light on the different strategies and tactics they utilize.
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
ThomsonReuters
APRIL 4, 2024
The pace of change experienced by today’s tax departments feels unprecedented. And, amid this transformation, tax departments are facing a host of challenges, including growing complexity, talent shortages, and financial constraints. Yet, as challenging as the rapid pace of change may be, it doesn’t relieve tax firms of the responsibility to prepare appropriately.
MineralTree
APRIL 4, 2024
Leveraging AP automation for a faster process The invoice approval process is a bottleneck for many AP teams. From manually inputting invoice data to chasing down approvers for signatures, a traditional paper-based approval process contains many time-consuming, manual steps that slow down payments and sap resources. No wonder getting payments authorized and released is finance professionals’ top pain point for their vendor payment process, according to MineralTree’s State of AP Report.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. Our latest podcast was hosted for CICM (Chartered Institute of Credit Management), with Giuseppe Parla, Bethan Evans and Alexandra Davies, discussing deemed consent. When a business is insolvent and its Directors decide to initiate a Creditors’ Voluntary Liquidation (CVL), they must first engage an insolvency practitioner and follow defined procedures.
Cherry Bekaert
APRIL 4, 2024
Listen to us for an insightful webinar where we explore two key energy tax credits: Section 45X Advanced Manufacturing Production Credit (Section 45X) and Section 48C Advanced Energy Project Credit (Section 48C). These energy tax credits offer substantial opportunities for businesses involved in industrial manufacturing, especially ones interested in investing in energy efficiency.
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.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. Prepare for a transformative shift in the hospitality industry as new legislation is set to revolutionise tip handling from this summer. In this article, we explore the anticipated challenges for Hospitality and Leisure employers, with tips on how to prepare for the change. With insights into the pending Code of Practice and practical steps to take, this article is your guide to proactively adapting to the upcoming tipping landscape.
Cherry Bekaert
APRIL 4, 2024
Continuing the conversation on international tax planning strategies for both outbound and inbound companies, International Tax Services Managing Director Rajesh Tripathi and Tax Partner Chris Delcambre discuss the various considerations foreign parent companies need to make when establishing operations in the U.S. Inbound companies have both employee and entity type complexities associated with them and must be aware of several factors that could pose a risk if not properly addressed.
Menzies
APRIL 4, 2024
Menzies LLP - A leading chartered accountancy firm. We have all heard of Bitcoin – Some of us invest in it, some trade in it, and some ignore it entirely. A Bitcoin Halving Event effects all who are involved in Bitcoin. Read on to find out what a Halving Event is and how it might impact you. What is a bitcoin halving? A Bitcoin Halving event occurs when the reward for mining Bitcoin transactions is cut in half.
Summit CPA
APRIL 4, 2024
If you're a creative agency owner looking to grow your agency, building a lean operations model by streamlining processes will allow you to focus on what is most important to your agency: delivering transformational services for your clients, increasing revenue, and making sure your employees are happy.
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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.
CPA Practice
APRIL 4, 2024
By Rocio Fabbro, Quartz (TNS) Americans need an even heftier salary to be able to afford a house in almost half the country. In 22 states and the District of Columbia, potential homebuyers need to make a six-figure salary to afford a median-priced home (which currently sits at $402,343), a recent Bankrate analysis found. Four years ago, just six states and DC had a six-figure-salary requirement for a median-priced home.
Accounting Today
APRIL 4, 2024
In assembling its security services team, Top 10 Firm RSM US takes an unconventional approach.
CPA Practice
APRIL 4, 2024
The number of accounting-related securities class-action filings rose 9.8% from 51 in 2022 to 56 in 2023, while the total value of settlements increased 11% year over year despite a decrease in the number of cases that were resolved, according to a new study from Cornerstone Research. While accounting case filings have increased each of the last three years, the number of cases filed remained below the historical average of 62.
Accounting Today
APRIL 4, 2024
The blend of cutting-edge technology and the warmth of human connection is creating a whole new playing field for professionals
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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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