Accounting Today
MARCH 7, 2024
Just as tired pilots and crew members pose risks to flight safety, auditors fatigued from excessive workloads compromise the quality and reliability of audits.
Withum
MARCH 7, 2024
There is a lot going on with the employee retention credit (ERC) these days and it can be hard to keep up with the latest developments. From Congressional proposals to changes in IRS procedures, change is afoot and more is expected in the near future. Below is a summary of the latest thoughts on various issues that are of interest to those who have already claimed the ERC or are about to claim the ERC.
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CPA Practice
MARCH 7, 2024
By Leada Gore, al.com (TNS) The IRS has a warning that expenditures for general health and wellness aren’t considered medical expenses, regardless of some advertising claims to the contrary. In a bulletin issued “amid concerns about people being misled,” the IRS said personal expenses—things like food and general wellness purchases—are not deductible or reimbursable under health flexible spending or reimbursement arrangements, health savings accounts, or medical savings accounts.
Going Concern
MARCH 7, 2024
Per The Telegraph , Big 4 firms across the pond are now “banning” applicants from using ChatGPT and its equivalents to help with applications because they’re afraid AI tools “will help them cheat the system.” The irony. Big Four accountants have warned applicants not to use AI to complete applications or online assessments during the hiring process.
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.
Accounting Today
MARCH 7, 2024
Four states have no state and local sales taxes, making them the most attractive places for consumers to go shopping.
CPA Practice
MARCH 7, 2024
The south is often called, “folksy.” And although the winters can be cold, residents of the “Land of 10,000 Lakes,” are often called “Minnesota Nice.” But another state has come in first in the 2023 Politeness Index of U.S. business owners. Alaska has the most polite small business owners in the country, according tot he report commissioned by FreshBooks, followed by Maine and Missouri.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 7, 2024
For the past two years, many business owners were concerned a recession was just around the corner. But as key economic indicators, including the unemployment, inflation and the stock market, have continued to show healthy signs, those fears of recession have waned for most economists and business executives. In the latest AICPA & CIMA Economic Outlook Survey , business decision makers reported their highest level of optimism about the U.S. economy’s prospects since the third quarter of 2021
Accounting Today
MARCH 7, 2024
The National Pipeline Advisory Group is collecting responses from college students and accounting professionals to better address the talent shortage.
CPA Practice
MARCH 7, 2024
The IRS is asking the public to submit suggestions on tax issues that should be included in the agency’s 2024-2025 Priority Guidance Plan. The 2024-2025 Priority Guidance Plan will identify guidance projects that the Treasury Department and the IRS intend to actively work on as priorities during the period from July 1, 2024, through June 30, 2025. The Priority Guidance Plan is used by the IRS and Treasury’s Office of Tax Policy to identify and prioritizing tax issues that can be addressed throug
Going Concern
MARCH 7, 2024
The stock photo site we use tagged this image under “ranking,” let’s just go with it. So KPMG put out a press release about receiving top rankings across multiple categories in the 2023 Source client perceptions study , of course we felt compelled to go check the study out to see what that was all about. Here’s what we were greeted by: This is like the worst game of cat’s cradle ever.
Advertiser: Paycor
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CPA Practice
MARCH 7, 2024
Augusta Saraiva Bloomberg News (TNS) Applications for U.S. unemployment benefits held at historically low levels last week, the latest evidence of a resilient labor market. Initial claims was unchanged at 217,000 in the week ending March 2, according to Labor Department data released Thursday. That was in line with the median estimate in a Bloomberg survey of economists.
Accounting Today
MARCH 7, 2024
Taxpayers who exit the tax system by not filing a required return have emerged as a growing and under-the-radar problem for the IRS.
Summit CPA
MARCH 7, 2024
Anyone who registers for an IRS Preparer Tax Identification Number (usually abbreviated as PTIN) is authorized to prepare taxes for compensation. The requirements are minimal: In order to obtain a PTIN, the applicant must verify with the IRS that they are in compliance with their own taxes and pay a small yearly fee ($19.74 in 2024). While the IRS encourages non-credentialed tax preparers to increase their knowledge through continuing education, doing so is optional.
Accounting Today
MARCH 7, 2024
There are talks of protesting a key piece of tax law that prevents marijuana companies from deducting expenses like other companies do.
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
MARCH 7, 2024
Two decades ago, a brilliant CPA joined forces with a daring sales expert, united in their mission to revolutionize how entrepreneurs approached their accounting needs—and thus, AccountingDepartment.com came into existence. While that may be the condensed version passed down in company lore, the reality is far more captivating and undoubtedly inspiring.
Cherry Bekaert
MARCH 7, 2024
Many organizations grapple with new enterprise resource planning (ERP) implementations or upgrades. The process of deciding what is best for your organization can be dizzying. There are several important questions and considerations organizational leaders need to navigate when selecting and implementing a new ERP system. George DelPrete , Managing Director, hosted Jeffrey Yates, Assistant City Manager of the City of Fayetteville, and Zach Salvato, Chief Information Officer of the Greenville Spar
Xero
MARCH 7, 2024
The UN theme for International Women’s Day (IWD) this year is ‘Invest in women: Accelerate progress’. The lack of investment in gender equality measures is seen to be a human rights issue by the UN, and a cornerstone for building inclusive societies. Climate change, geopolitical conflicts and the current economic system exacerbate inequality and disproportionately impact women.
Cherry Bekaert
MARCH 7, 2024
The Cybersecurity Maturity Model Certification (CMMC) is a unified cybersecurity standard for Department of Defense (DoD) acquisitions aimed at securing the Defense Industrial Base (DIB) supply chain. The “CMMC 2.0” framework consists of three levels and can require an independent third-party certification by an accredited organization. On December 26, 2023, the proposed final rule for the CMMC Program, CFR Part 170, was published in the Federal Register.
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
MARCH 7, 2024
Controllers use many different tactics to speed up the close, but most of them find it challenging to shorten their close to fewer than seven days.
Patriot Software
MARCH 7, 2024
You’re ready for some help around your business. Should you hire a W-2 employee or a 1099 contractor? The choice might not be yours. There are key differences between a W-2 employee vs. a 1099 contractor that you must understand to stay legally compliant.
Accounting Today
MARCH 7, 2024
Scale of the crime; a favorite client; with a bullet; and other highlights of recent tax cases.
Wellers Accounting
MARCH 7, 2024
Tom Biggs ACA CTA, summarises the main announcements from Jeremy Hunt's latest Budget statement.
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.
Insightful Accountant
MARCH 7, 2024
In this episode, Chris Panek, dive into some exciting opportunities and resources that she offers but might have missed mentioning during the podcast.
SkagitCountyTaxServices
MARCH 7, 2024
When I see relevant stats that my Mount Vernon business owner friends should know about, I’m going to share them with you. (You already know I’m a numbers person, after all.) But first, a quick note about the business filing deadline. Namely, that it’s a week and a half away (on March 15th). If you haven’t started yet, let’s file an extension and get to work on things for you.
Accounting Today
MARCH 7, 2024
New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.
CPA Practice
MARCH 7, 2024
The New Jersey Society of Certified Public Accountants has won the Gold Award in the 2024 Salute to Association Excellence Commemoration/Tribute category at Association TRENDS & CEO Update’s TRENDY Awards on Feb. 27 in Washington, D.C. The award recognizes the NJCPA’s efforts in celebrating its rich, 125-year history from its initial founding by four New Jersey accountants on Jan. 19, 1898, to an organization of more than 13,000 individuals today.
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Accounting Today
MARCH 7, 2024
The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, is working with the National Association of Corporate Directors on developing a corporate governance framework.
Insightful Accountant
MARCH 7, 2024
Intuit recently announced two partnerships aimed at small business success and prosperity. This includes an Allstate Health Solutions partnership, and a new initiative with leading accounting, consulting, and technology firm Crowe LLP.
Withum
MARCH 7, 2024
Withum is proud to share that the San Francisco Business Times has named Thomas Orosco , CPA and Maggie Wu , CPA to the Inaugural Next Generation in Accounting List. Thomas is an Audit Manager with over seven years of experience. He specializes in the life sciences, real estate and private equity industries where he exceeds client expectations by going above and beyond to solve complex accounting problems and deliver solutions with heightened communication and interpersonal skills.
Insightful Accountant
MARCH 7, 2024
Insightful Accountant has now automated the collection of our First Look, App Aware and Advisor Alliance articles that feature content on Apps, Software and Partner Program. Just fill out the appropriate online surveys to submit.
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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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