TaxConnex

MARCH 5, 2024

The non-fungible token (NFT) remains a sizzling commodity. These digitized assets denote ownership of such collectibles as sports cards and artwork, even designer digital footwear. Two signs of the size of the sizzle: The online NFT platform OpenSea claims to be worth more than $13 billion. Some NFTs alone on OpenSea have sold for millions and in recent years the average sales price of an NFT (an admittedly volatile commodity) jumped from about $150 to $4,000.

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Sales Tax Wisconsin Minnesota 147

BurklandAssociates

MARCH 5, 2024

From what to look for when hiring a Fractional CFO to when to make the hire, this article answers eight top questions we hear from startup founders. The post Hiring a Fractional CFO for Your Startup – Answers to Common Questions appeared first on Burkland.

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RogerRossmeisl

MARCH 5, 2024

With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow tax deferred. Earnings used to pay qualified education expenses can be withdrawn tax-free. However, earnings used for other purposes may be subject to income tax plus a 10% penalty.

income tax 188

income tax Education CPA Tax 188

Withum

MARCH 5, 2024

In this episode of Cryptonomix, Mark Eckerle sits down with Seth Priebatsch, President at Groma, a full-service real estate development and management firm with a blockchain twist.

Real Estate 127

Real Estate 127

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

RogerRossmeisl

MARCH 5, 2024

Business valuators sometimes consider major events that happen after the valuation date. For example, what if a business is subsequently sold, files for bankruptcy, discovers new technological advances, or experiences a major fraud loss, data breach or natural catastrophe? Such events could potentially affect a business’s fair market value, but whether a valuator will consider a particular event depends on the facts and circumstances of the valuation assignment.

CPA 188

CPA Tax Technology 188

Accounting Today

MARCH 5, 2024

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power.

Alabama 134

Alabama tax accountant Account accountant 134

Accounting Today

MARCH 5, 2024

The 25 accounting practices with the highest revenue growth in percentage terms in 2023 from Accounting Today's Top 100 and Regional Leaders list.

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Account accountant accounted 137

RogerRossmeisl

MARCH 5, 2024

If you operate your business in multiple locations (as with retail or restaurant chains), you face some extraordinary fraud-prevention challenges. After all, you can’t be everywhere at once. And the more locations you operate, the harder they are to monitor. Without the appropriate checks and balances in place, fraud losses in one store could threaten the health of your entire company.

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CPA Retail 180

CPA Practice

MARCH 5, 2024

Technical skills and a meticulous eye for detail have always been the bedrock of the accounting profession. Yet, amid the focus on balance sheets and financial analytics, there’s a vital element that’s often overlooked—Emotional Intelligence (EI). As we venture through the evolving landscape of modern business, the ability to adeptly navigate our own emotions and those of others has become indispensable for accountants looking to elevate their service beyond the numbers.

Account 124

Account accountant accounted Education 124

RogerRossmeisl

MARCH 5, 2024

Business bankruptcies increased 40.4%, from 13,481 to 18,926, from 2022 to 2023, according to statistics released by the Administrative Office of the U.S. Courts. Solvency opinions may help creditors determine whether a liquidating debtor can meet repayment obligations. They also may come into play in fraudulent conveyance, bankruptcy alter ego and due diligence actions.

CPA 179

CPA 179

Advertiser: Paycor

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Anders CPA

MARCH 5, 2024

The Corporate Transparency Act (CTA) has been declared unconstitutional, putting the newly finalized law in jeopardy. Beneficial Ownership Information (BOI) reporting requirements directing closely held businesses to submit personal details about the beneficial owners to the Financial Crimes Enforcement Network (FinCEN) are now in limbo as the government prepares its response to the ruling.

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Alabama Legal Government CPA 111

RogerRossmeisl

MARCH 5, 2024

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to certain eligible small businesses. Claiming the credit involves complex calculations, which we’ll take care of for you. But in addition to the credit itself, be aware that there are two additional features that are especially favorable to small businesses: Eligible small businesses ($50 million or less in gross receipts for the three prior tax ye

payroll tax 173

payroll tax payroll Tax CPA 173

CPA Practice

MARCH 5, 2024

By Kevin Tampone, syracuse.com (TNS) The IRS is warning taxpayers that time is running out to claim a tax credit related stimulus payments distributed during the early years of the COVID-19 pandemic. For some, the deadline is coming in mid-May. The credit, known as the Recovery Rebate Credit, is aimed at taxpayers who did not get one or more of their pandemic-era stimulus checks or did not get the full amount of the payments, the IRS said.

tax return 111

tax return Legal Tax 111

RogerRossmeisl

MARCH 5, 2024

A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4 billion by 2030, according to a report from Research and Markets. If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips.

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CPA business tax Tax 169

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.

CPA Practice

MARCH 5, 2024

A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. The National Small Business Association, a trade group, initiated the lawsuit. Furthermore, the court issued an injunction preventing federal government entities from enforcing the act on the parties involved in the case.

Alabama 109

Alabama Legal Government Tax 109

RogerRossmeisl

MARCH 5, 2024

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2024, filing date and benefit from the tax savings on your 2023 return.

tax return 165

tax return CPA Tax 165

Going Concern

MARCH 5, 2024

Should you quit during busy season? It’s a question that has plagued Big 4 accountants since the dawn of billable hours. While the consensus used to be that quitting during busy season makes you a tremendous piece of s**t without exception , attitudes toward bailing at the worst possible time have changed over the years. It’s still frowned upon and considered rude but perhaps not the permanent reputation killer it once was.

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Legal accounting and finance Finance Tax 109

Cherry Bekaert

MARCH 5, 2024

In an era dominated by technological advancements, organizations must prioritize cybersecurity as a non-negotiable cornerstone of their operational strategy. Recent warnings from the FBI regarding cyber-attacks originating from nation states, particularly China, underscore the critical need for a comprehensive approach to cybersecurity that encompasses prevention, detection and response.

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Legal Technology 105

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

MARCH 5, 2024

The ruling further complicates an already complicated area — the law's mandate around beneficial ownership information reporting.

Finance 120

Finance Tax 120

Anders CPA

MARCH 5, 2024

What is Hoops for Hope? Hoops for Hope is a March Madness bracket tournament for a great cause. What started as a small office pool has grown into a tournament that includes hundreds of the firm’s closest friends! This is the 36th year for our Hoops for Hope fundraiser, and all entry donations will support our 2024 Charity of Choice: Memory Care Home Solutions.

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cpas audit Education Legal 98

ThomsonReuters

MARCH 5, 2024

Jump to: Compliance and having multiple plans Possibility of retroactive changes IRS funding may help either way Some expiring provisions may be positive The back-to-office effect Potential impact of changes Ideal situation for advisors Changes may come “late in the game” The Tax Cuts and Jobs Act (TCJA; P.L. 115-97 ) of 2017 brought about significant changes to the U.S. tax system, including provisions affecting both individ

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Tax payroll Expense Reimbursements Gaming 98

Summit CPA

MARCH 5, 2024

I love sales. It was one of my first jobs before I went into accounting, and it was the hat that was hardest to give up when I grew my business. But so many business owners hate it. They find it unnatural, awkward and ineffective. That’s why I couldn’t agree more with Diane Helbig , internationally recognized business and leadership development advisor, when she says in a recent podcast interview , “Stop selling, because sales doesn’t work” – in the traditional sense of the word, that is.

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Sales Education Account accountant 97

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 5, 2024

Ashleigh Sutter explores the challenges of transitioning from bookkeeping to tax, offering insights on starting, gaining alignment, executing, and maintaining employee engagement during change.

bookkeeping 89

bookkeeping Tax 89

Accounting Today

MARCH 5, 2024

Financial advisors and tax professionals say many clients get too fixated on April 15 without understanding the benefits and ease of pushing back the deadline.

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Tax 95

Insightful Accountant

MARCH 5, 2024

Alicia Katz Pollock will host QB Talks on Wednesday, March 20,2024 at 2:00 PM Eastern Daylight Time, when she presents 'Revenue Recognition' in QuickBooks Online Advanced.

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quickbooks 81

Accounting Today

MARCH 5, 2024

The least attractive place to go shopping has a combined sales tax rate of 9.563%.

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Tax Sales 117

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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.

Finance

Insightful Accountant

MARCH 5, 2024

Xero report shows additional declines in small business sales, and continuing pessimism by business owners about the 2024 economy.

Sales 91

Sales 91

Accounting Today

MARCH 5, 2024

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

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New York audit auditor 68

CPA Practice

MARCH 5, 2024

A Top Technology Initiative Article. – March 2024. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Unlike the old days when public practice CPAs rarely spoke to anyone but clients and other team members during tax season, it is evident that CPA firms have become year-round businesses.

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Technology cpa firm CPA Non-Profits 64

Accounting Today

MARCH 5, 2024

Year-over-year hourly earnings growth for U.S. workers moderated slightly in February, continuing a trend that began mid-2022, while small business job growth held steady.

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payroll Account accountant accounted 68

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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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