Accounting Today

MARCH 1, 2024

The lack of help means current accountants' hours and workloads can be grueling, upping the odds of mistakes and burnout.

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Account accountant accounted cpas 138

CPA Practice

MARCH 1, 2024

With a lot of unreliable information on social media, the IRS has issued list of myths and facts about 1099-K forms to help taxpayers with filing: what to do with Form 1099-K. Following feedback from partners and to help avoid taxpayer confusion, the IRS  announced in Nov. 2023, that the reporting threshold for Form 1099-K, Payment Card and Third Party Network Transactions , would not change for 2023.

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tax return Tax business accounting Account 122

Going Concern

MARCH 1, 2024

As it’s the first Friday of March, today is Employee Appreciation Day. I never would have known had I not seen this tweet from Marcum because the company I work for doesn’t do things like thank us for doing our job on social media. Happy #EmployeeAppreciationDay to our incredible team! Today and every day, we celebrate the hard work and passion each of you brings to the Firm.

public accounting 109

public accounting Account accountant accounted 109

CPA Practice

MARCH 1, 2024

The Internal Revenue Service has announced a new effort focused on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since 2017. The new initiative, made possible by Inflation Reduction Act funding, begins with IRS compliance letters going out this week on more than 125,000 cases where tax returns haven’t been filed since 2017.

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tax return Tax audit income tax 115

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

MARCH 1, 2024

Stubbornly persistent differences between white and Black households' income and assets present financial advisors with the big-picture implications of their work.

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Tax 112

CPA Practice

MARCH 1, 2024

By Amrita Choudhary, Kiplinger Consumer News Service (TNS) In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, whether operating or finance, be recognized on a company’s balance sheet as right-of-use assets and corresponding liabilities.

Account 115

Account accountant accounted accounting standards 115

CPA Practice

MARCH 1, 2024

A new study from Paychex, Inc. reveals the benefits and challenges of artificial intelligence in the human resources industry, and how opinions on its use and effectiveness differ between HR professionals and employees. The first in a new series of 2024 Pulse of HR Reports entitled “Balancing Tech and Touch in Human Resources,” found that 41% of employees surveyed prefer less AI involvement in their company’s HR processes, while more than half are content with the current (39%) or an increased (

Technology 115

Technology 115

Accounting Today

MARCH 1, 2024

Crowe collaborates with Intuit QuickBooks; Bonadio Group raises nearly $25K through firmwide Big Give campaign; and more news from across the profession.

quickbooks 115

quickbooks 115

CPA Practice

MARCH 1, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, discuss Stanford Tax , which leverages AI to understand your clients’ prior year tax data, features broad integration options, and can import data from thousands of clients in under 10 minutes. Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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Technology Tax Account accountant 111

Accounting Today

MARCH 1, 2024

Some generative AI scenarios and machine learning models can add incredible value even if they are right only 90% of the time.

Account 124

Account accountant accounted accounting software 124

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.

Randal DeHart

MARCH 1, 2024

Many small construction business owners tend to handle their accounting and bookkeeping, especially when they've just started. However, keeping track of the finance side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite quickly and can have costly consequences for your business. Below are five of the most common Do-It-Yourself accounting errors you should avoid.

Construction 92

Construction Account accountant accounted 92

Accounting Today

MARCH 1, 2024

An early pioneer in the ESOP space, Katz, Sapper & Miller now advises clients on the alternative business structure.

accounting firms 117

accounting firms management accounting management accounts Account 117

Withum

MARCH 1, 2024

In November 2023, the Financial Accounting Standards Board (FASB) issued a new Accounting Standards Update (ASU) to improve disclosures related to reportable segments. The amendments in ASU 2023-07 “Segment Reporting—Improvements to Reportable Segment Disclosures” are effective for fiscal years beginning after December 15, 2023, and for interim periods in fiscal years beginning after December 15, 2024.

Non-Profits 80

Non-Profits financial statements accounting standards Account 80

Patriot Software

MARCH 1, 2024

Busy season for accountants can be a stressful time. You work long hours—sometimes around 100 hours a week—and crunch endless numbers during tax season. Who says you can’t find some humor amidst the piles of paperwork? We know how much accountants love their funny accounting jokes.

Account 72

Account accountant accounted Tax 72

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

MARCH 1, 2024

To help taxpayers with filing, the Internal Revenue Service today debunked some common myths to help taxpayers understand what to do with Form 1099-K.

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Accounting Insight

MARCH 1, 2024

Chancellor Jeremy Hunt gave accountants plenty to chew over at his last Budget, with a rapid reduction in NICs, full expensing made permanent, and several decisions on business rates. His next Budget, due on March 6, will be hotly-watched by the business community and accountants as they press for a wishlist of policies: From the return of tax-free shopping to the lifting of the VAT threshold and Employment Allowance.

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Account accountant accounted income tax 59

Accounting Today

MARCH 1, 2024

Plus, Vic.ai announces fee transition; and other updates from the accounting tech arena.

Technology 92

Technology Account accountant accounted 92

Going Concern

MARCH 1, 2024

FORVIS made the local news for moving the Louisville office from the ‘burbs to downtown where the real office grunts work. That’s it, that’s the story. Accounting firm FORVIS moves to top floor of PNC Tower in downtown Louisville [ WHAS ] The post FORVIS Shows Off Its New Office In Loo-Ville appeared first on Going Concern.

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accounting firms Account accountant accounted 57

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

Withum

MARCH 1, 2024

Understanding your insurance carrier’s auto adjudication rate can offer valuable insights into the efficiency of their third-party claims processing. Have you ever inquired about your auto adjudication rate and compared it to the industry average? The response might reveal more than you expect. Is a rate below the industry average cause for concern?

audit 52

audit CPA 52

ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs). You may wonder how the S corporation taxation generally works.

corporation tax 52

corporation tax Tax tax return income tax 52

CPA Practice

MARCH 1, 2024

The Financial Accounting Foundation has started its effectiveness review—which includes a public comment period—of the Private Company Council, the panel that advises the Financial Accounting Standards Board on private company matters. Formed in 2012, the PCC uses the Private Company Decision-Making Framework to advise the FASB on the appropriate accounting treatment for private companies for items under active consideration on the FASB’s technical agenda.

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accounting principles Virginia financial statements accounting standards 52

Canopy Accounting

MARCH 1, 2024

Profile: Harvest Accounting Firm , founded in August 2020, specializes in serving small family-owned and operated businesses across various industries. With a focus on businesses ranging from half a million to several million in revenue, Harvest Accounting provides tax compliance, planning, projections, and monthly bookkeeping services. The firm emphasizes building long-term relationships with its clients.

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accounting firms bookkeeping services Account accountant 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.

CPA Practice

MARCH 1, 2024

ComPsych Corporation, a provider of mental health and absence management services, says a new study finds that mental health leaves of absence increased by a third in 2023 over the prior year. This continues a years-long trend: ComPsych data shows that from 2017 to 2023, mental health related leaves of absence have increased a stunning 300%. This increase has largely been driven by female employees.

Account 52

Account accountant accounted 52

FraudFiles

MARCH 1, 2024

A divorcing couple has a premarital agreement, so everything is simple when it comes to dividing assets and paying maintenance, right? Of course not. Premarital agreements are rarely simple, and they become even more complicated when the language in the agreement is imprecise. This high net worth divorce case study provides some important insights into [.

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CPA Practice

MARCH 1, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Lisa Washburn to the position of vice chair and has appointmented David Goldman and Deborah L. Miller, CPA, to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms begin March 1, 2024. Washburn will serve in the role of vice chair for the GASAC for the remainder of her final term on the GASAC, which will conclude on December 31, 2024.

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financial accounting Account accountant accounted 52

Accounting Today

MARCH 1, 2024

The Securities and Exchange Commission has scheduled a meeting for March 6 on its long-awaited climate disclosure rule.

Account 65

Account accountant accounted 65

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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 1, 2024

We’ve taken a look at the Top 5 Most Popular QB Talks just incase you might have missed them. If you missed them, sit back, watch a few episodes and take a break!

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Accounting Today

MARCH 1, 2024

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

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audit 75

Martin Quinn

MARCH 1, 2024

While we hear a lot about tax avoidance and tax evasion today, I think it is something we always have had and probably always will. To be clear avoidance is using legal means, evasion is the illegal one. I can recall as a young kid being told by my father that old houses had less or smaller windows due to a window tax – see here [link]. Or here is another example, a curved brick wall which used less bricks – and it’s also quite nice to look at [link] Both of these examples essentiall

Tax 40

Tax Legal Account accountant 40

CPA Practice

MARCH 1, 2024

By Lia Coniglio, Esq. – For Payroll.org From Payroll.org: An updated chart of State Taxable Wage Bases for 2021 to 2024 (as of February 7, 2024) may be downloaded from the Payroll.org website. To access the chart from the Payroll.org home page select “Compliance” and then “State Unemployment Wage Bases” under “Overview.” State unemployment insurance taxes are based on a percentage of the taxable wages an employer pays.

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Tax 40

Advertisement

"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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