Fri.Mar 08, 2024

article thumbnail

10 Influential Women in Accounting 2024

Canopy Accounting

In the spirit of International Women's Day, we continue to recognize and celebrate the contributions of women in the tax and accounting industry. This year, we're highlighting a new group of trailblazers who are redefining success, breaking barriers, and shaping the future of our field. These professionals excel in their areas of expertise and serve as mentors, innovators, and leaders in a traditionally male-dominated industry.

Account 105
article thumbnail

Employers added 275,000 jobs in February, including 1,000 in accounting

Accounting Today

The unemployment rate increased two-tenths of a point to 3.9% and the BLS revised downward the job numbers for December and January, indicating some softening in the labor market.

Account 117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations

CPA Practice

The American Institute of CPAs has submitted a letter to the U.S. Treasury and Internal Revenue Service providing recommendations for regulations that deal with gross proceeds and basis reporting by brokers, as well as determination of amount realized and basis for digital asset transactions. The AICPA recommends that Treasury and the IRS clarify the meaning of important terms and certain examples within the section 6045 proposed regulations.

cpas 112
article thumbnail

On the move: Weaver adds SALT partner

Accounting Today

Cherry Bekaert Foundation partners with Junior Achievement USA to provide $100K in grant donations; Maner Costerisan promotes 11; and more news from across the profession.

112
112
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

Here Are the Top 10 Tax Expenditures in 2024

CPA Practice

By Joy Taylor, Kiplinger Consumer News Service (TNS) Taxes will be center stage in 2025 and 2026. Much of the 2017 tax law expires after 2025. Most provisions impacting individuals and estates end after 2025. These include lower tax rates, a bigger child credit, higher standard deductions, and larger lifetime estate and gift tax exemptions. Unless lawmakers act to extend the changes, they will revert to the rules that were in effect for 2017.

Tax 111
article thumbnail

Legislation advances in Minnesota to relax 150-hour CPA requirement

Accounting Today

A bill backed by the Minnesota Society of CPAs that would ease the path to a CPA license has moved forward in the Minnesota Senate.

Minnesota 127

More Trending

article thumbnail

Biden calls for tax cuts and increases in the State of the Union

Accounting Today

President Joe Biden proposed tax increases on the wealthy and large corporations, along with some new tax credits, in his State of the Union address on Thursday night.

Tax 109
article thumbnail

Minimum Wage for California Fast Food Workers to Rise to $20 Per Hour

CPA Practice

Susana Guerrero SFGate, San Francisco (via TNS) California has a newly appointed Fast Food Council ahead of a state law that will increase the hourly pay for fast food workers to $20 on April 1. On Friday, Gov. Gavin Newsom appointed seven members to join the nine-member Fast Food Council, which was created to help set rules for franchise owners and restaurant chain representatives and working conditions for the state’s nearly 500,000 fast food workers, according to CalMatters.

article thumbnail

IRS: General health expenses aren't 'medical care'

Accounting Today

Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.

Tax 122
article thumbnail

How to grow your CPA firm in the midst of change

ThomsonReuters

When it comes to changing pre-established practices in your firm, the logistics can feel like a moving target. As busy accountants, it’s easy to get stuck in survival mode. It can take some effort to think outside the box to grow your CPA firm into a truly successful firm of the future. How can you build your service offerings to better serve your clients and grow your CPA firm through accountability?

article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

Return on relationship

Accounting Today

Advisors must be attuned to the emotional factors at play, since no two clients have the same relationship with money.

article thumbnail

Marketing Your Construction Business: How To Make It Work For You

Randal DeHart

Marketing your construction business is crucial for its growth and success. You can use various strategies to promote your business, such as creating a website, networking, social media marketing, and advertising. Additionally, sponsoring events and collaborating with other companies can help you reach a wider audience. I understand how daunting it can feel for construction business owners like you; we've been there.

article thumbnail

Tech news: CPACharge rolls out Next Day Payments feature

Accounting Today

Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.

article thumbnail

Starting a Business with a Strong Goal in Mind - ADC's Philanthropic Mission | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 14 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

article thumbnail

Planning Your Restaurant's Path to Profitability

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.

article thumbnail

One and done: the power of integrated financial data in accounting

Accounting Today

Accountants are known to be 'good with numbers', but that doesn't mean they enjoy entering the same data repeatedly into different systems.

Account 95
article thumbnail

5 Game-Changing Aspects of NetSuite ERP for In-House Accounting Teams

Withum

In today’s fast-paced business landscape, optimizing accounting procedures is essential for success. Oracle NetSuite ERP (Enterprise Resource Planning) stands out as an indispensable tool for in-house accounting, offering a comprehensive, cloud-based solution that revolutionizes how companies manage their financial operations. Today, embracing NetSuite ERP is not just an option – it’s a strategic imperative.

article thumbnail

Grifols shares jump as auditor greenlights annual accounts

Accounting Today

The stock rose as much as 22% in Madrid on Friday after Spanish plasma maker published its annual consolidated accounts with an unqualified opinion from KPMG

auditor 65
article thumbnail

Jeremy Hunt delivers accountants a headache during their busiest 100 13833 0 13833 0 0 1146 0 --:--:-- 0:00:12 --:--:-- 2859 time of the year

Accounting Insight

No matter how well-prepared you and your clients are, the end of the tax year is always a busy time. Statements need checking and re-checking, clients want near-constant communication, and it all happens at around the same time. Jeremy Hunt added a whole new headache into the mix yesterday with the Spring Budget. Here’s a quick rundown of what you need to know and what you need to sort out before the new tax year begins.

payroll 59
article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

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

article thumbnail

Remember When Firms Would Get Only Dudes to Talk About International Women’s Day?

Going Concern

March 8, 2024 (that’s today) is International Women’s Day and as such, I felt an urge to comb through the archive to see what compelling content we’ve written about it over the years. Since 2009, we’ve written two articles about International Women’s Day. TWO. Do better, GC. One post was this: In Honor of International Women’s Day, Let’s Recall Some Important Rules For Women In the Workplace.

57
article thumbnail

Empowering Bookkeepers: A Feminist Perspective

Accounting Insight

As we celebrate International Women’s Day, it’s crucial to recognize the pivotal role women play in various professions like finance, which is traditionally dominated by men. One subset of that field is bookkeeping, where women have been the backbone for centuries. Today, I want to shed light on how empowering bookkeepers aligns with the broader goals of women’s empowerment, drawing from my own experiences and insights.

article thumbnail

Tax startup Lettuce gets $6M in seed money

Accounting Today

The company's Solopreneur Accelerator program will provide tax and accounting services to people who work for themselves.

Tax 65
article thumbnail

Alabama Promotes the Great Outdoors with Proposed “Adventure Awaits” Sales Tax Holiday

CPA Practice

By Gail Cole. There are currently two annual sales tax holidays in Alabama: A severe weather preparedness tax-free weekend in February and a back-to-school tax-free weekend in July. A new tax holiday will join them starting in 2025 should House Bill 257 become law: The twice-yearly Alabama Adventure Awaits sales tax holiday. What items would qualify for the Alabama Adventure Awaits sales tax holiday?

Alabama 52
article thumbnail

Recruit and Retain New Blue-Collar Talent

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.

article thumbnail

Withum Team Members Graduate from Florida CPA Institute Leadership Program

Withum

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. The FICPA Leadership Academy is a selective program for CPAs aged 35 and under looking to grow as leaders. For the third consecutive year, the FICPA has partnered with the Succession Institute to develop the Leadership Academy’s curriculum, which challenges participants to evolve, create a roadmap for change and expand their skill

Florida 52
article thumbnail

The Tax Blotter – March 6, 2024

CPA Practice

The Tax Blotter is a summary of recent tax news, rulings and legislation. Previously, taxpayers that itemized could deduct miscellaneous expenses on their personal returns, but the Tax Cuts and Jobs Act (TCJA) suspended this tax break. Set to return. Prior to 2018, you could write off miscellaneous expenses—including unreimbursed employee business expenses and certain production-of-income expenses—above 2% of your adjusted gross income (AGI).

article thumbnail

Two Withum Team Members Graduate from Florida CPA Institute Leadership Program

Withum

Withum is proud to share that Ivan Calata , CPA and Sameer Uddin , CPA graduated from the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. The FICPA Leadership Academy is a selective program for CPAs aged 35 and under looking to grow as leaders. For the third consecutive year, the FICPA has partnered with the Succession Institute to develop the Leadership Academy’s curriculum, which challenges participants to evolve, create a roadmap for change and expand their skill

Florida 52
article thumbnail

Professionals on the Move – April 2024

CPA Practice

Professionals on the Move is a round-up of recent promotions, management changes, and other staffing announcements from across the profession. CohnReznick Elevates Three to Commercial Real Estate Leadership Roles CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that it has created a new level of leadership within its expanding Commercial Real Estate practice, elevating three partners to U.S. regional leadership positions.

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

article thumbnail

International Women’s Day 2024

DMCL

Every year on March 8, the world comes together to celebrate International Women’s Day (IWD)—a day dedicated to honouring the many achievements of women, having conversations about the biases and discrimination they face, and furthering efforts to create a diverse, equitable, and inclusive world. It serves not only as a day of celebration but also as a crucial reminder of the strides made toward achieving gender equality and the journey that still lies ahead.

article thumbnail

CBIZ Acquires Tech Solutions Company CompuData

CPA Practice

Top 15 accounting firm CBIZ acquired Philadelphia-based technology solutions provider CompuData, effective March 1. Founded in 1971, CompuData provides cloud computing, accounting enterprise resource planning software, managed IT, and security to small and midsized businesses, with the tools to scale, protect, and streamline their organizations. CompuData is a Sage Diamond Partner and has Microsoft Partner designation in both Azure Cloud and Modern Work.

article thumbnail

Searching for Hidden Income

FraudFiles

The million dollar question in many litigation disputes, be it family law, a shareholder divorce, or other corporate wrangling, often centers around unreported income. Are there sales that aren’t being recorded on the books? Is the individual receiving cash for work done? Is revenue hidden to shield it from being considered by the court? It [.

Sales 52
article thumbnail

Institute of Internal Auditors Reviewing SEC’s New Climate Change Disclosure Rule

CPA Practice

The Institute of Internal Auditors is currently reviewing the U.S. Securities and Exchange Commission (SEC)’s newly-issued Climate Change Disclosure Rule. Following publication of the SEC’s draft rule in March 2022, The IIA submitted a comment letter, in which it highlighted the need for effective governance over climate disclosures. The IIA noted the importance of transparency in order to provide confidence to all stakeholders, including the public.

auditor 52
article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.