Withum

FEBRUARY 7, 2024

Tax season is upon us. Here are some things preparers and clients can do to make the experience more valuable for themselves. Ways to Make Tax Season Better for Clients Avoid spelling errors in client’s or children’s names, addresses, or any information that needs to be provided on the return. Make instructions easy to follow and get rid of unnecessary or indecipherable instructions.

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tax preparation Tax tax return 59

BurklandAssociates

FEBRUARY 7, 2024

Net Revenue Retention (NRR), also known as Net Dollar Retention (NDR) is a key metric for SaaS companies. Measuring NRR provides important insights into a SaaS startup’s retention and expansion Read More The post How to Measure Your SaaS Startup’s Net Revenue Retention (NRR) appeared first on Burkland.

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CPA Practice

FEBRUARY 7, 2024

Every year, millions of businesses and other entities have a mini tax season before the real tax season, and many turn to their accounting firm advisors or tax professionals for help. Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so. These companies are required to file a Form 1099-MISC or 1099-NEC for any persons that are considered contractors or vendors to whom they paid $600 or more in the previous calendar year.

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Technology accounts payable accounting firms income tax 123

Going Concern

FEBRUARY 7, 2024

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Thank goodness for the Connecticut Society of CPAs! Without their posting , it would have taken me longer to learn about the latest half-baked idea by NASBA regarding the education requirements to become a CPA. It seems NASBA wants to keep this under wraps.

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CPA Education cpas Connecticut 117

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

Accounting Today

FEBRUARY 7, 2024

The Treasury Department's Financial Crimes Enforcement Network hopes to deter money laundering in the residential real estate industry with a newly proposed rule.

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CPA Practice

FEBRUARY 7, 2024

By Daniel Goodwin, AWMA, Kiplinger Consumer News Service (TNS) Opportunity zones, created by the Tax Cuts and Jobs Act, were designed to spur economic development and job creation in specific communities and census tract areas, while simultaneously providing substantial tax incentives for investors. However, with some provisions in the Tax Cuts and Jobs Act (and therefore opportunity zones themselves) set to expire less than three years from now, many are wondering what the future holds for this

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Cherry Bekaert

FEBRUARY 7, 2024

Understanding business entities and tax structures can save you a tremendous amount of time, money and potential headaches down the road. Limited liability companies (LLCs) and S corporations (S corps) are often talked about in conjunction with possible types of business entities, but it is not a simple choice between one or the other. Unlike a C corporation, which taxes shareholders separately from the entity, both LLCs and S corps are generally subject to only one layer of taxation at the owne

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Real Estate Tax income tax Legal 103

Accounting Today

FEBRUARY 7, 2024

A new survey from the ACCA looks at trends in DEI, AI, employee retention, hybrid work and mental health for accountants.

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Insightful Accountant

FEBRUARY 7, 2024

We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.

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Accounting Today

FEBRUARY 7, 2024

Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.

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income tax Tax 126

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AccountingDepartment

FEBRUARY 7, 2024

In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.

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Insightful Accountant

FEBRUARY 7, 2024

During Acumatica's 2024 Summit, Mikhail (Mike) Shchelkonogov, the company's Chief Technical Officer told those attending that they were in the process of making the biggest technological modernization in Acumatica history.

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Technology 91

Accounting Today

FEBRUARY 7, 2024

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

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cpa firm CPA cpas accounting firms 95

Going Concern

FEBRUARY 7, 2024

If you thought the economy was making a slow and painful U-turn back to better days sorry to say but you were wrong. The good news is this next round of cuts at Deloitte UK will be much smaller than the last round of 800. Reports FT : Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services.

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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

FEBRUARY 7, 2024

The Internal Revenue Service has posted a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit to provide more information about the tax break.

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Tax 71

CPA Practice

FEBRUARY 7, 2024

Top 300 accounting firm Kruggel Lawton CPAs said on Feb. 6 that it’s combining with Cole Gavlas, a Portage, MI-based firm that provides a wide range of accounting services to their clients, including tax, business advisory, financial management, and other advisory offerings. Financial terms of the deal, which will become official on June 1, weren’t disclosed.

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Accounting Insight

FEBRUARY 7, 2024

Accountex London returns to ExCeL on 15-16 May 2024. Over ten thousand accountants and finance professionals from across the UK are expected. The 2023 show was hailed as a huge success and celebrated as the largest show in Accountex history. 295 software and service suppliers will be exhibiting, alongside an extensive CPD accredited education programme, to help visitors stay up to date with the evolving landscape of the profession.

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bookkeeping accounting and finance Education quickbooks 64

CPA Practice

FEBRUARY 7, 2024

The American Institute of CPAs has submitted a letter to the Financial Crimes Enforcement Network and Internal Revenue Service (IRS) providing recommendations for the Report of Foreign Bank and Financial Accounts to taxpayers impacted by major disasters. AICPA’s recommendations suggest FinCEN automatically match the filing deadline relief for FBARs that the IRS gives to taxpayers in disaster areas.

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tax return cpas Tax financial accounting 64

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

Insightful Accountant

FEBRUARY 7, 2024

Social media has given rise to a new breed of financial gurus known as "finfluencers.” These are individuals who have built large followings by making finance relatable and fun through entertaining videos, posts, and more.

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Entertainment Finance 59

CPA Practice

FEBRUARY 7, 2024

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. This is according to the 2024 U.S. Accounting Industry Report, commissioned by Wolters Kluwer, which polled 1,776 tax and accounting firms of all sizes, also shows that modern accounting practices face a mix of internal and client facing challenges.

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accounting firms Technology Account accountant 64

LSLCPAs

FEBRUARY 7, 2024

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No. 96 (GASB 96) Subscriptions, issued by the. The post GASB 96: Lessons Learned for Local Government Organizations appeared first on LSL CPAs.

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Government auditor accounting standards cpas 59

CPA Practice

FEBRUARY 7, 2024

The IRS on Wednesday announced the launch of a new webpage that gives information on the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide childcare services to their employees. “This business tax credit helps employers provide their employees with child-care services and facilities,” IRS Commissioner Danny Werfel said in a statement.

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Tax business tax Government 59

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Reckon

FEBRUARY 7, 2024

What’s been cranking in the world of business in the early stages of 2024? We rounded up the top business news for the month of January. Let’s dive in… Revised Stage 3 tax cuts to benefit the overwhelming majority of Australians. Almost every Australian will be receiving a tax break in the upcoming stage three tax cuts. In fact, on average Australians will see an $804 benefit.

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Start-ups Tax Government 52

Ryan Lazanis

FEBRUARY 7, 2024

One of the struggles for most firm owners is the effective delegation of tasks. Learn how to delegate and experience more workload reduction. The post Delegation 101 appeared first on Future Firm.

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CPA Practice

FEBRUARY 7, 2024

By Cory Shaffer, cleveland.com (TNS) A retired IRS agent who was speeding in his Bentley and caused a crash that left a 22-year-old woman dead last year is headed to jail. Cuyahoga County (Ohio) Common Pleas Court Judge David Matia on Tuesday sentenced James Farley, 59, to spend 30 days in the county jail for the collision that killed Samantha Nelson.

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SchoolofBookkeeping

FEBRUARY 7, 2024

Some businesses receive retainers or deposits from customers before performing any services. When they invoice customers for services, those invoices are paid using the money from the deposits. You can set up a deposit or retainer process for your company in QuickBooks Online. The retainer or deposit is treated as a liability to show that, although your business is holding the money from a deposit or retainer, it doesn't belong to you until it's used to pay for services.

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quickbooks accounting and finance Non-Profits Maine 52

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Finance

CPA Practice

FEBRUARY 7, 2024

By Peter Yankowski, New Haven Register, Connecticut (TNS) An accountant in New Milford, CT, has been charged with stealing tens of thousands of dollars from a small business owner weeks after police charged him with taking money from a different client. Carl Benjamin Anderson was arrested by detectives on Jan. 25 on a warrant charging him with first-degree larceny, the New Milford Police Department said in a news release.

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Dent Moses

FEBRUARY 7, 2024

When talking with clients, I always like to know how their business is going. I love to hear about everything: their team, sales, challenges, etc. When asked the same question, I usually respond, “Business is great, and we’re looking for more.” However, one of the accounting profession’s biggest challenges is the need for more people to do the work.

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CPA cpas cpa firm Education 52

Shay CPA

FEBRUARY 7, 2024

Sometimes, running your business isn’t the hardest part of running your business. Instead, complying with state and federal regulations, from taxes to employer requirements, feels most burdensome. Fortunately, you can pay someone else to handle that for you. And CorpNet is one of the best options out there for this type of service. With its Compliance Portal , this company has been helping other businesses manage their compliance requirements across all 50 states for more than a decade.

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Alaska Missouri New Mexico Georgia 52

Insightful Accountant

FEBRUARY 7, 2024

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

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quickbooks 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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