AccountingDepartment
DECEMBER 19, 2023
Reports play a crucial role in managing a business effectively, and QuickBooks provides a wide range of reports that can help small and medium-sized businesses track their financial performance and make informed decisions. These reports provide valuable insights into various aspects of the business, such as income, expenses, sales, inventory, and payroll.
BurklandAssociates
DECEMBER 19, 2023
2023 was another interesting and challenging year for startups and investors. Our readers found these blog articles to be especially helpful. The post Readers’ Favorites: Our Top Blog Posts of 2023 appeared first on Burkland.
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CPA Practice
DECEMBER 19, 2023
The IRS has hit the restart button on sending out automated collection notices, ending a two-year hiatus because of the COVID-19 pandemic, the agency said on Tuesday. Because automated collection notices were paused during that two-year span, the IRS also said today it will be providing about $1 billion in penalty relief to approximately 4.7 million individuals, businesses, and tax-exempt organizations that weren’t sent collection reminders about their overdue taxes during the pandemic.
Going Concern
DECEMBER 19, 2023
Last week, CPA Ontario announced a settled disciplinary matter with PwC Canada , the matter being cheating and the settlement being $1.45 million CAD ($1.09 million USD) in fines for breaches of the CPA Ontario code of conduct. Here’s what happened. 445 professional staff — 93 percent auditors and seven percent tax and advisory — participated in answer sharing during mandatory, open-book internal training assessments between 2016 and 2020.
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.
CPA Practice
DECEMBER 19, 2023
By Gail Cole. Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition in the Empire State. The rate would be 11% to match the federal firearms and ammunition excise tax as well as the new California tax on guns and ammo dealers.
ThomsonReuters
DECEMBER 19, 2023
Jump to: How do renewable energy tax credits work? What renewable energy tax incentives does the IRS offer for individuals vs. businesses? Overview of clean energy credits by energy type Helping clients with renewable energy credits In recent years, the U.S. and other countries around the world have placed a growing emphasis on sustainability and green energy.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
DECEMBER 19, 2023
Insightful Accountant will host a 'talkative' ProAdvisor Meetup for our first QB Talks of 2024. ProAdvisors are invited to this 'open mic' discussion of issues surrounding the ProAdvisor Awards, the ProAdvisor Program and QuickBooks Desktop 2024.
CPA Practice
DECEMBER 19, 2023
Accounting and finance professionals are always on the lookout for tools that can help them become more efficient, productive and accurate in their work. And for well over a third (38%) of workers in the profession recently surveyed by Robert Half, generative AI is one technology that they expect will make a positive impact on their careers. That includes creating more demand for their skills.
Accounting Today
DECEMBER 19, 2023
The top state in the ranking received a total score for financial literacy of 69.06 out of 100.
CPA Practice
DECEMBER 19, 2023
With so little time left in the year, some of your clients might want to incorporate as soon as possible. However, there may be some benefits of slowing them down with a delayed filing rather than a standard incorporation filing. Here’s what’s involved in a delayed filing so you can advise your clients on their options. Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer.
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.
Accounting Today
DECEMBER 19, 2023
The AI landscape has a lot of misconceptions and overblown claims. We asked AI thought leaders in the accounting field what some of the worst were.
CPA Practice
DECEMBER 19, 2023
The Financial Accounting Standards Board (FASB) on Dec. 18 released the following taxonomies for 2024: GAAP Financial Reporting Taxonomy (GRT), SEC Reporting Taxonomy (SRT), and DQC Rules Taxonomy (DQCRT). The 2024 GRT contains updates for accounting standards and other recommended improvements, including those required for Securities and Exchange Commission Release Nos. 33-11070; 34-95025 ( annual reports for employee benefit plans for Form 11-K ), crypto assets , segment reporting , improve
Withum
DECEMBER 19, 2023
The overhauled model for estimating the collectability of receivables is here for private companies and smaller reporting companies. For accelerated and large accelerated filers, this model has been effective for fiscal years beginning after December 15, 2019. The new guidance issued in Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13 is effective for fiscal years beginning after December 31, 2022 for these companies.
CPA Practice
DECEMBER 19, 2023
By Gail Cole. The start of a month typically brings some number of tax-related changes. Some of the standouts for December 2023 are described below. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County.
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.
Anders CPA
DECEMBER 19, 2023
Water treatment facilities are critical for their communities but inadequate or outdated cybersecurity measures could leave them vulnerable to hackers. Prevent hackers from taking control of vital infrastructure and posing a serious public health threat to nearby residents with basic deterrents such as a next-generation firewall and other cybersecurity strategies to provide ongoing support and monitoring to keep one of our most precious resources protected.
CPA Practice
DECEMBER 19, 2023
Top 30 accounting firm Aprio has expanded into Texas after merging with San Antonio-based Ridout Barrett & Co. CPAs & Advisors (RBC). Financial terms of the deal were not disclosed. Aprio has gained more than 50 partners and professionals from RBC, which also has an office in Austin. Founded in 1986, RBC has deep experience providing accounting and business consulting services to its clients, especially those in the construction and real estate industries.
Withum
DECEMBER 19, 2023
The world of digital transformation is constantly evolving and changing, and so are the tech trends that shape it. In 2024, we can expect to see some amazing workplace technology innovations and breakthroughs in the fields of artificial intelligence, cloud computing, cybersecurity, automation and more. These digital transformation trends will not only enhance our personal and professional lives, but also challenge us to adapt and learn new skills.
CPA Practice
DECEMBER 19, 2023
Big Four firm PwC has signed a definitive agreement to acquire Surfaceink, a well-known San Jose, CA-based product design, development, and engineering services firm specializing in consumer electronics and Internet of Things initiatives. The proposed acquisition, announced on Dec. 11, is subject to customary closing conditions and regulatory approvals.
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
Withum
DECEMBER 19, 2023
DOL CAP Audit Series A visit from the Department of Labor (“DOL”) is enough to strike fear into the heart of any Union officer. There are several reasons that the DOL could decide to come and spend some time with your Union, but one of the most common relates to the Compliance Audit Program (“CAP”). Here is some guidance that can assist you with understanding and preparing for the possibility or actuality of a CAP audit.
Accounting Today
DECEMBER 19, 2023
Accounting firm leaders need to take the lead in welcoming new clients.
Withum
DECEMBER 19, 2023
For e-commerce startups, the path to sustainable growth involves not only selling products but also maintaining transparent and accurate financial records. As these companies gain traction and seek external investments, audited financial statements play a crucial role in instilling trust among stakeholders, investors, and potential partners. 10 Key Steps Here are the key steps startup e-commerce companies can take to prepare for their audited financial statements.
Menzies
DECEMBER 19, 2023
Menzies LLP - A leading chartered accountancy firm. Developing good products and services is important, but it is not everything – commercially there are a number of pieces of the jigsaw that need to come together if a business is to achieve its potential and fulfil the owner’s dreams. Ultimately, profitability must be a key consideration – if you are not making a profit then the longer-term viability of the business is doubtful.
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.
ThomsonReuters
DECEMBER 19, 2023
Jump to: What environmental tax breaks are available? What is Form 5695? What is Form 843? What is Form 6627? Helping your clients with claiming environmental tax credits As sustainability initiatives gain momentum, the IRS continues to encourage environmentally conscious actions through a range of tax incentives. These environmental tax breaks are designed to motivate individuals and businesses to adopt practices that contribute to a greener future.
CPA Practice
DECEMBER 19, 2023
The Financial Accounting Standards Board (FASB) released what is likely to be its last proposed Accounting Standards Update (ASU) of 2023 on Tuesday, focused on improving the application and relevance of accounting guidance related to induced conversions of convertible debt instruments. Other proposed ASUs issued by the U.S. accounting standard-setter this year include: Crypto assets (board approved a new standard in earlier this month) Income tax disclosures (board approved a new standard earli
ThomsonReuters
DECEMBER 19, 2023
Jump to: What are green taxes? How are environmental taxes calculated? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? ESG tax reporting and audits Opportunities for accountants in green taxes To encourage individuals and businesses to make environmentally friendly choices, the IRS offers Environmental, Social, and Governance (ESG) tax incentives that promote sustainable practices and discourages activities that harm the environment though what’s
Shay CPA
DECEMBER 19, 2023
It’s been a busy year for our team — in the best possible way. We’ve had the opportunity to travel all around the country to participate in a handful of exciting events, from our own company retreat to industry favorites like TechCrunch Disrupt and QuickBooks Connect. As we wrap up the year, we wanted to look back on some of our biggest highlights.
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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.
ThomsonReuters
DECEMBER 19, 2023
Jump to: What are the tax credits available for electric vehicles? How does the electric vehicle tax credit work? How to claim electric vehicle tax credits Helping your clients with EV tax credits As the world shifts towards sustainable transportation, the IRS and many states are incentivizing the adoption of electric vehicles (EVs) through various tax credits.
Canopy Accounting
DECEMBER 19, 2023
Discover a new pre-built dashboard in Insights, offering visualization and live data for performance tracking at granular levels. Easily customize and analyze profitability metrics, saving time and energy.
Cherry Bekaert
DECEMBER 19, 2023
Discover Financial Planning & Analysis benefits beyond traditional accounting. This webinar will provide an understanding of what Financial Planning & Analysis (FP&A) is, and how it differs from traditional accounting by offering unique services. Effective FP&A can help businesses navigate unpredictable economic and market environments and operationalize FP&A insights.
5 Minute Bookkeeping
DECEMBER 19, 2023
Are you a bookkeeper looking for affordable and efficient tools to streamline your business operations? In today’s digital age, there are numerous free and low-cost apps available that can help you manage your bookkeeping business effectively. Let’s go over the best free and low cost apps for bookkeepers. Accounting Software My number 1 app is QuickBooks online accountant.
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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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