Accounting Today

AUGUST 7, 2023

Acquaintances who want quick, off-the-cuff advice from an accountant about important financial decisions are doing themselves a disservice.

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CPA Practice

AUGUST 7, 2023

By Deloitte. Environmental, social, and governance (ESG) considerations continue to transform today’s financial landscape as many companies are taking meaningful steps toward enhancing sustainability disclosures, and as a result seeing long-term business benefits. Beyond adhering to regulatory requirements, integrating ESG into overall corporate strategy can create business value, and companies across sectors are recognizing the opportunity to contribute to a more sustainable future.

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Accounting Today

AUGUST 7, 2023

The American Institute of CPAs and the National Association of State Boards of Accountancy are pilot testing a program to make it easier for accounting students to earn 150 credit hours.

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CPA Practice

AUGUST 7, 2023

The IRS is asking for public input on improvements that can be made to certain post-filing alternative dispute resolution (ADR) programs currently offered to taxpayers. “The IRS is greatly interested in examining ways to help to reduce the time, costs and administrative burden for taxpayers and the government in resolving tax disputes,” Chief of Appeals Andy Keyso said in a press release.

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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.

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Cherry Bekaert

AUGUST 7, 2023

As technology and business leaders seek efficiencies in nearly every aspect of their business, they need solutions to help them save costs and to make informed decisions quickly. In the second episode of our “Year of Efficiency” podcast series, Jerry Hereden hosts Tertius Eksteen , Senior Manager, and Pamela Butler , Manager, from Cherry Bekaert’s Digital Advisory Services group to discuss how some technology companies are optimizing their business while on a Digital Transformation journey.

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CPA Practice

AUGUST 7, 2023

By Alan Hartwell. With the year halfway over and tax season behind us, it’s a valuable time for CPAs to evaluate their current technology and review what could make a difference to their firm and client base. Already this year, firms have faced a shortage of staff and an increase in client demands as accountants are expected to do more than ever for clients.

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CPA Practice

AUGUST 7, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Does the order of names on your joint federal income tax return reveal significant things about you and your partner? A recent study suggests the answer could be yes—that tax return name order may hold some clues about social norms and beliefs. The study, conducted by researchers at the University of Michigan, using data from the U.S.

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Cherry Bekaert

AUGUST 7, 2023

New rules cover disclosure of cyber incidents on cybersecurity risk management, strategy and governance by public companies On July 26, 2023, the Securities and Exchange Commission (SEC) adopted the Cybersecurity Reporting Requirements that were proposed in March 2022 to provide transparency and protection to investors. The new regulations will become effective 30 days after publication of the adopting release in the Federal Register and will require public companies to disclose any material cyb

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Going Concern

AUGUST 7, 2023

PwC UK is following through on its threat to force “lockdown-damaged” interns into the office so they can learn how to interact with human beings face-to-face, reported The Times this morning. Three summers have passed since the pandemic first forced everyone inside, this summer is the first year since that the firm is making a conscious effort to ditch Zoom and get the newbies in a room with their colleagues.

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CPA Practice

AUGUST 7, 2023

Justworks, a benefits, payroll and HR technology provider, has launched Expenses, an expense management tool that Justworks PEO customers can use to process expense reimbursement requests alongside payroll. Expenses consolidates tools and minimizes the risk of error when reimbursing employees for out of pocket expenses. Administrators can set up approval workflows and custom rules, providing structure for employees and simplifying the reconciliation process for accountants.

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Xero

AUGUST 7, 2023

Xerocon Sydney is just weeks away on 23 and 24 August, and the ICC exhibitor floor will be full to the brim with some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see 80+ exhibitors at the event, including more than 70 leading Xero App Store app partners. Whether you’re looking for tools to chase invoice payments, simplify tax compliance, or make job management easier, you’ll find plenty of solutions to help s

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Accounting Today

AUGUST 7, 2023

Given artificial intelligence's ability to "hallucinate," accounting firms need to place rules around how staff use these tools.

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Insightful Accountant

AUGUST 7, 2023

Insightful Accountant's YouTube page is your first stop for all videos, including webinar archives and podcasts. Check it out and subscribe today!

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Accounting Today

AUGUST 7, 2023

The service may revive the extra payments it provided to employees in 2020 to coax them back to the office, according to a new report.

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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.

Insightful Accountant

AUGUST 7, 2023

In Part 7 of Murph's Clues about the Top 2024 Process, he examines the 2023 stats related to QuickBooks Online Advanced Certification.

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Accounting Today

AUGUST 7, 2023

Paxos will publish a third-party attestation by an accounting firm on PYUSD's reserve assets.

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Inform Accounting

AUGUST 7, 2023

HMRC is aware of a phishing campaign telling customers they can claim for the fourth Self-Employment Income Support Scheme (SEISS) grant as support during the coronavirus pandemic.

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Insightful Accountant

AUGUST 7, 2023

Insightful Accountant's Gary DeHart and Xero US' Ben Richmond discuss what it takes to become a true advisor for your clients, and much more. Check out this edition of Accounting Insiders.

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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

CPA Practice

AUGUST 7, 2023

Nearly 700 employees at The Bonadio Group participated in community service activities today during the firm’s sixth annual Purpose Day, benefitting more than 30 non-profit organizations. Purpose Day was created to provide staff with opportunities to give back to their communities in the spirit of the company’s Bonadio Purpose. All the firm’s offices were closed to provide each employee with the opportunity to spend the day volunteering.

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LSLCPAs

AUGUST 7, 2023

While outsourcing has become a solution for businesses looking to streamline operations, reduce costs, and improve efficiency, some companies fear they will miss out on some important financial details if their accounting is not under their roof. However, several areas in the accounting space are better when they’re outsourced to firms that only do accounting.

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CPA Practice

AUGUST 7, 2023

The American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) will launch an innovative post-graduate program this fall in collaboration with the Tulane School of Professional Advancement (SoPA). The program blends rigorous online learning with on-the-job professional experience for college accounting graduates, offering a less costly and more flexible way to complete the 150-hour course credit requirement to become a licensed CPA.

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Withum

AUGUST 7, 2023

Learn everything you need to know about the Commercial Clean Vehicle Credit, an incentive program promoting environmentally-friendly commercial vehicles. The Commercial Clean Vehicle Credit provides a maximum federal income tax credit of $7,500 or $40,000 (if the gross vehicle weight is 14,000 pounds or above). Unlike the personal clean vehicle credit, there are no battery or critical mineral component requirements and final assembly does not have to occur in the United States.

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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.

CPA Practice

AUGUST 7, 2023

The accounting software and payroll services provider, Patriot Software, has processed over $13 billion in payroll and payroll tax dollars since 2018, a milestone for the SaaS developer says it hit in June 2023. Patriot’s payroll has the largest adoption rate among its software products, serving businesses with one to 500 employees in most industries.

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Withum

AUGUST 7, 2023

Discover how you can benefit from the Alternative Vehicle Refueling Property Credit and embark on a journey towards a more sustainable transportation ecosystem. With additional clean vehicle purchases, more infrastructure is needed. The maximum credit per charging station is generally 30% per the cost of the charging station, increased to $100,000 per station (not project).

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CPA Practice

AUGUST 7, 2023

The IRS and the Treasury Department issued proposed regulations on Aug. 3 that identify certain monetized installment sale deals as listed transactions—a reportable transaction that is the same as, or substantially similar to, a transaction specifically identified by the IRS as a tax avoidance scheme. As such, participants and material advisors in a monetized installment sale transaction would be required to file disclosures with the IRS.

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VJM Global

AUGUST 7, 2023

In line with recommendations made by the GST Council in its 50th GST Council meeting , CBIC has issued circulars to clarify on various issues suggested by the GST Council such as taxability of services provided by one office to another office within same organization and manner of valuation, e-invoices of supplies made to government entities, applicability of GST on shares held by holding company for its subsidiary company.

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Going Concern

AUGUST 7, 2023

Good morning and welcome to another edition of the Monday Morning Accounting News Brief, a wrap-up of the stuff you missed over the weekend, some of the stuff we missed last week, and whatever went down on the other side of the world while we were sleeping on Sunday. I’ve used the “ AICPA came up with a plan to do f**k all ” headline too many times (twice, two different plans with equally effective results) so I’ll just put this press release here: AICPA and NASBA to Laun

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Patriot Software

AUGUST 7, 2023

Canton, OH The accounting software and payroll services provider, Patriot Software, has processed over $13 billion in payroll and payroll tax dollars since 2018, a milestone for the SaaS developer. Patriot’s payroll has the largest adoption rate among its software products, serving businesses with one to 500 employees in most industries.

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payroll payroll tax accounting software Tax 52

CPA Practice

AUGUST 7, 2023

The American Institute of CPAs (AICPA) and CPA.com are seeking applicants for the 2024 Startup Accelerator program, which promotes the growth of early-stage companies to help advance the accounting and finance ecosystem. Recognizing the profound impact that artificial intelligence (AI) is poised to have on the accounting and finance profession, this year’s program is exclusively targeting companies that are leveraging the technology within their solutions.

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Accounting Insight

AUGUST 7, 2023

AIA is proud to announce that four students from the Commonwealth have been awarded 2023 AIA Scholarships, funded by The AIA Educational & Benevolent Trust. The scholarships programme aims to support students with strong career aspirations in accountancy or audit to obtain the AIA professional qualification with full financial assistance. The scholarship programme represents one of the steps AIA is taking to develop financial education and provide students with a real chance to fulfil their

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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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