Insightful Accountant

JANUARY 29, 2024

The Internal Revenue Service successfully opened the 2024 tax season today by accepting and processing federal individual tax returns as the agency continues focusing on expanding options to help taxpayers.

Tax 52

Tax tax return 52

Acterys

JANUARY 29, 2024

Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.

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financial statements Finance 130

CPA Practice

JANUARY 29, 2024

By David McGill, Kiplinger Consumer News Service (TNS) When it comes to investing and growing wealth to secure your financial future, it isn’t how much you make that matters most—it’s how much you keep. And yet, investors often overlook the critical role tax efficiency can play in successful retirement planning. The strategic management of your investments can help you minimize what you owe, maximize what you earn (and hold on to) and build a nest egg that will last longer for you and your heirs

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Tax income tax Washington tax planning 119

Accounting Today

JANUARY 29, 2024

The Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online.

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Tax tax return 126

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.

Account

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. The final regular day of the 2024 tax season is April 15, 2024, although almost all tax filers can receive an automatic six-month extension if they apply for one. 2024 Tax Refund Calendar: How to Estimate When You May Receive Your Refund With the st

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tax return Tax income tax tax preparation 116

Xero

JANUARY 29, 2024

We’ve had two versions of our invoicing feature for a while now — classic invoicing and new invoicing. The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid. Our teams have big plans to add even more value to the new version of invoicing in the future, including features that we know are important to you.

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Tax audit Sales Technology 111

CPA Practice

JANUARY 29, 2024

By Jon Healey, Los Angeles Times (via TNS). It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. Starting later this year, taxpayers in 12 states — Arizona, California, Florida, Massachusetts, New Hampshire, Nevada, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming — will have access to a new program from the IRS called Direct File.

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tax preparation tax return South Dakota Arizona 105

Accounting Today

JANUARY 29, 2024

Without breaking the bank, small and midsized firms can make smart investments to adopt AI and tailor it for specific uses.

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Technology 122

CPA Practice

JANUARY 29, 2024

Today marks the start of the long and grueling road ahead for CPAs and enrolled agents as the IRS has begun accepting 2023 federal income tax returns. So with that in mind, IRS Commissioner Danny Werfel had a message for all tax professionals as they embark on another filing season: Thank you. The message, which was emailed this morning to tax professionals and was posted on the IRS’s website, says: As we start the 2024 filing season today, I just wanted to take a moment to especially thank ever

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Tax income tax tax return cpas 96

Accounting Today

JANUARY 29, 2024

The best state to be a saver scored 0 out of 100, where a lower score means it's easier to save.

Tax 117

Tax 117

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.

Insightful Accountant

JANUARY 29, 2024

Opening Keynote at Acumatica Summit reflects product plans and strategy for supporting customer growth ambitions with leading-edge technology

Technology 98

Technology 98

Accounting Today

JANUARY 29, 2024

Financial advisors and tax professionals with clients who bet online or at casinos must guide them through the choice of classifying as amateur or professional.

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Gambling Tax 92

Going Concern

JANUARY 29, 2024

The following story from Financial Times pertains to EY UK however it confirms what many have suspected is happening here in the US: at least one Big 4 firm is watching badge swipes to make sure their little grunts are in the office like they’re supposed to be. Spoiler: they aren’t. FT : EY has started monitoring UK employees’ office attendance, with swipe card entry data being circulated at senior levels of the firm as some of its staff flout its hybrid working guidelines.

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Start-ups accounting firms Account accountant 67

Accounting Today

JANUARY 29, 2024

The first step is defining 'success,' says Seth David.

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accounting firms Account accountant accounted 116

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.

Withum

JANUARY 29, 2024

“A rising tide lifts all boats” – Credited to John F. Kennedy A corollary to this metaphor may be that a falling tide sinks all ships. Observance of daily high and low tides would prove this corollary incorrect, as ships do not sink at low tide and the sinking of a ship may be caused by a multitude of factors and circumstances. It may also be observed that a rising tide does not lift all boats to the same height.

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accounting and finance accounting principles accounting standards Finance 65

Accounting Today

JANUARY 29, 2024

The commoditization of audits is contributing to the CPA shortage.

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audit CPA 115

Cherry Bekaert

JANUARY 29, 2024

Establish a governing body, align focus, pick plays, build trust and accelerate learning. Your comprehensive AI blueprint guide.

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Government 75

Insightful Accountant

JANUARY 29, 2024

Drake Software® announces the launch of an integrated contactless payment acceptance system, Drake Pay™.

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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

Technology

Accounting Today

JANUARY 29, 2024

Accounting firms are starting to dive headfirst into artificial intelligence.

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accounting firms Account accountant accounted 99

Ronika Khanna CPA,CA

JANUARY 29, 2024

In QuickBooks Online (QBO), the terms "Zero Rated," "Out of Scope," and "Exempt" refer to different classifications of transactions for GST/HST and QST (in Quebec). Each one of these transactions results in $0 tax being added to the transaction, and if you use them interchangeably it is probably not a huge problem. That being said, there are a couple of reasons you might want to ensure that you get this right: ensure accuracy in their books avoid the small possibility that an a government (Reven

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auditor quickbooks accounting and finance Tax 59

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. The scheme is especially important to the manufacturing sector with 21% of the total claims made, and over £1.5bn of annual support received, by the sector in the latest statistics.

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Tax Non-Profits chartered accountant corporation tax 59

Insightful Accountant

JANUARY 29, 2024

House committee approves bipartisan tax bill to extend tax breaks before April 15 deadline. Proposed bill includes various provisions such as expanded Child Tax Credit and deductions for research expenses. Read about it here!

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Tax 52

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

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. According to a recent survey an increasing number of students are receiving private tuition, with one estimate now putting the value of the private tutoring industry in the UK at £7.5 billion. The COVID-19 pandemic, and the increase in competition for places at top universities, have contributed to more students turning to private tutors to give them that additional support to help them achieve their own personal goals.

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Tax tax return chartered accountant Start-ups 59

ThomsonReuters

JANUARY 29, 2024

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. Retiring Baby Boomers are creating a vacuum, leading to a scarcity of experienced professionals, and there aren’t enough young people graduating with accounting degrees—or choosing to enter public accounting—to fill that void.

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Technology accounting degree tax preparation cpa firm 52

Menzies

JANUARY 29, 2024

Menzies LLP - A leading chartered accountancy firm. Navigating the post-Christmas slump can pose significant challenges for businesses, especially those in the hospitality and leisure sector. As sales dip after the festive season, maintaining cash flow becomes crucial. In this article, we delve into the intricacies of cash flow management, highlighting the importance of understanding fluctuations, creating comprehensive cash flow forecasts, and exploring strategies to boost cash availability.

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Hospitality chartered accountant payroll tax accounting and finance 59

Going Concern

JANUARY 29, 2024

Hi and happy Monday. Hope everyone had a lovely weekend, I spent mine having my spine jumpscared out of my body by all manner of ghosts and malfunctioning hallway lights in Visage. Unreliable home electrical is truly terrifying. IT’S A GHOST OoooOOoooOOOoo Since it’s the end of the month, I’m going to share the five most-read articles of January for you to catch up on if you’re so inclined. 5.

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auditor cpa firm Account accountant 52

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Finance

CPA Practice

JANUARY 29, 2024

Top 100 accounting firm Haynie & Co. was fined $400,000 and two current and two former partners were fined a total of $190,000 by the Public Company Accounting Oversight Board (PCAOB) on Jan. 23 for subpar auditing and quality control failures. The audit regulator found that Haynie partners Tyson Holman and Stevin Avis and ex-partners Anna Hrabova and Richard Fleischman each violated PCAOB rules and standards while serving as either engagement partner or engagement quality review partner on

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audit financial statements accounting firms public accounting 52

Cherry Bekaert

JANUARY 29, 2024

Enhancing the Food and Floral Supply Chain Verdant Technologies (Verdant) remains focused on changing the benchmark for freshness and sustainability from farm to table. This cultivates their commitment to providing consumers with high-quality, environmentally friendly products in the food and floral supply chains. Additionally, their solutions create new opportunities and expand markets while using fewer natural resources and reducing negative environmental impacts.

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Technology Sales Government Finance 52

Inform Accounting

JANUARY 29, 2024

A significant task for the new business owner is ensuring that the business is properly complying with the extensive tax and information filing requirements imposed by the various authorities.

Tax 52

Tax 52

Cherry Bekaert

JANUARY 29, 2024

Section 751 Property Generally, partnerships that have Section 751 property, such as unrealized receivables or inventory property, are required to provide information to the Internal Revenue Service (IRS) when a sale or exchange of partnership interests occurs between partners. This information is also reported to the partners engaged in the sale or exchange.

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tax return Tax Sales 52

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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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