CPA Practice
MARCH 4, 2024
By Sam Becker, Fast Company (TNS) Direct File is going direct. Last week, the Internal Revenue Service (IRS) announced that its Direct File pilot program—which allows some taxpayers to file their returns online for free—would become available to new users in the 12 states where it’s being tested on Monday, March 4, as it enters its final testing phase.
Accounting Today
MARCH 4, 2024
Investors have filed a lawsuit against an accounting firm alleging it helped a client maintain a Ponzi scheme involving cash advances that led to the loss of millions of dollars.
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CPA Practice
MARCH 4, 2024
By Venus Wu and Crystal Li. In October 2023, California became the first state to pass regulations for reporting greenhouse gas emissions (GHGs). The regulations are outlined in two bills, the Climate Corporate Data Accountability Act (SB-253) and the Climate-Related Financial Risk Act (SB-261). These laws apply for both private and public U.S. companies that do business in California (not just those with a physical presence in California).
Accounting Today
MARCH 4, 2024
KPMG and its partner Adrian Wilcox failed to audit the advertising agency with sufficient professional skepticism, according to the Financial Reporting Council.
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.
Withum
MARCH 4, 2024
Withum is excited to share that Michael George , Partner, has joined the Healthcare Services Team as a strategic leader. Formerly an audit partner at a Big Four firm, Michael has deep technical and industry expertise, including having previously led Healthcare-centered practices. He has a reputation for excellent client service, working to deliver transformative audit and consulting services.
Accounting Today
MARCH 4, 2024
When someone leaves, they need to be replaced and with that comes orientation, training, introduction to your systems and procedures and to your culture.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
MARCH 4, 2024
There's a growing sense of unease among asset managers that companies with conspicuously small tax bills pose a financial liability too big to ignore.
Insightful Accountant
MARCH 4, 2024
Voting for the 2024 Domestic (US & Its Territories) ProAdvisor Awards has begun and will continue through April 2, 2024.
ThomsonReuters
MARCH 4, 2024
Preparers have the following perfection periods to correct and retransmit tax returns or extensions that were filed on time but were rejected by the filing deadline. The IRS considers returns that are resubmitted electronically during the applicable timeframe as timely-filed returns. What is the e-file rejection grace period for federal tax returns?
Accounting Today
MARCH 4, 2024
A roundup of the flood of sanctions, fines and penalties issued over the past year or so by the PCAOB.
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Going Concern
MARCH 4, 2024
In an unusually humble press release that doesn’t use the words “leading accounting and advisory firm” in the first sentence like every other firm does, Crowe announced announced the hiring of Mike Edwards as the next managing principal of Consulting. When he assumes the role on April 1, he’ll be leading a practice that consists of 150 partners and 2,000 professionals.
Insightful Accountant
MARCH 4, 2024
Gary and Val take a deep dive into the Zoho products, why accounting professionals may want to consider it for their practice and/or their clients (here's a hint - low cost, high value, and a broad range of products.) Take a look at this episode!
Accounting Today
MARCH 4, 2024
The regulatory environment around accounting is getting stricter, as the IRS, the SEC and the PCAOB crack down.
Cherry Bekaert
MARCH 4, 2024
On December 28, 2023, the Internal Revenue Service (IRS) released proposed regulations to IRC Section 166 to provide guidance on when debts could be conclusively presumed to be wholly or partially worthless. The proposed regulations will provide an option for regulated financial companies and members of regulated financial groups to use a new method of accounting for federal tax purposes that will align the allowable bad debt deductions to GAAP (book) charge-offs.
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.
IgniteSpot
MARCH 4, 2024
In the entrepreneurial journey, finding innovative avenues to build wealth and enhance business profitability is paramount. Amidst various strategies, one often overlooked is the power of starting a podcast. Beyond being a medium for sharing stories or industry insights, podcasting holds significant financial benefits for businesses, especially for those led by entrepreneurs striving for growth and profitability.
Insightful Accountant
MARCH 4, 2024
Last week our calendars all marked a unique day that only comes about once every four years. Leap Day, February 29th, this day intends to sync the calendar with the solar year. It still has its affects tax planning, so discuss with clients.
Accounting Today
MARCH 4, 2024
What goes into the recipe for accounting firm success? Randy Crabtree goes over the ingredients, and how best to combine them.
CPA Practice
MARCH 4, 2024
By Jo Constantz, Bloomberg News (TNS) Mistakes continued to pile up this earnings season in the wake of Lyft Inc.’s market-roiling typo : Planet Fitness Inc., Mister Car Wash Inc. and Rivian Automotive Inc. all had to correct their quarterly earnings statements. These types of errors shake investor confidence and in extreme cases can result in heavy fines from the U.S.
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
Xero
MARCH 4, 2024
The latest Xero Small Business Insights (XSBI) data shows just how challenging conditions became for small businesses, and their customers, towards the end of 2023. We’ve summarised the major trends and also have some tips for you on how to navigate the current headwinds. Despite improvements over the past year, inflation (or cost-of-living) pressures remained in late 2023.
CPA Practice
MARCH 4, 2024
By Richard J. Jackson. Auditors, like so many others today, are seizing the opportunity to transform how they work by adopting artificial intelligence. This powerful tool can drill down into millions of lines of data, flagging potential anomalies in minutes for auditors to examine instead of relying on the manual selection and review of data samples ― expending significantly more time looking for the proverbial “needle in a haystack.
Anders CPA
MARCH 4, 2024
Contingent fee attorneys often feel like law firm forecasting is out of reach. There are so many question marks: How much are their cases worth? How much money is coming in this month – and how much needs to be coming in? Contingent firms face unique challenges. They often don’t know the value of the universe of their cases. Because they can’t forecast cash, they have to finance their own cases.
CPA Practice
MARCH 4, 2024
By Matt Kanas. In the accounting world, the ground beneath our feet is shifting faster than ever, thanks to the whirlwind of advancements in technology such as AI, automation, blockchain, and more. Accountants and firms face daunting challenges around operational approaches, client relationships, and staff retention. But with the right tools and a mindset shift, the changes in our profession can open doors to unprecedented efficiency and insight.
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.
Accounting Today
MARCH 4, 2024
The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.
CPA Practice
MARCH 4, 2024
Breaking news: Accountants aren’t robots—they’re human beings and sometimes they make mistakes at work. But a new survey from research and consulting firm Gartner finds that capacity constraints are the leading factor to more errors being made than usual in accounting and finance departments. The survey of 497 professionals working in the controllership function, conducted last July, revealed that 18% of accountants said they make financial errors at least daily, with a third making at least a f
Accounting Today
MARCH 4, 2024
The Top 100 Firm also announced the first three member firms of the network, which will focus on food and agriculture clients.
CPA Practice
MARCH 4, 2024
As of Feb. 24, 943,000 taxpayers had filed returns this tax season through Free File , a 9.7% increase from last year’s comparable period when 860,000 tax returns were filed, the IRS reported on Friday. The increase in Free File usage comes as the IRS released new data on how the 2024 filing season is progressing. Through Feb. 24 , the IRS had delivered more than 28.9 million refunds to taxpayers worth $92.9 billion.
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Withum
MARCH 4, 2024
In this on-demand webinar, Withum’s Tech Advisory Team examine the most common control failures they come across in SOC 2 examinations. They will discuss the 10 most common control failures seen in SOC 2 reports and how to avoid them. Already Registered? Click Here View On-Demand Webinar This on-demand webinar is perfect for tech startups and companies who want to learn more about SOC 2 reports as well as companies that undergo annual SOC 2 reports and are looking for areas of improvement.
Cherry Bekaert
MARCH 4, 2024
Contributors: Melissa Tognacci | Senior Associate, Outsourcing & Resource Solutions Randy Kardas | Senior Manager, Outsourcing & Resource Solutions Empowering student success with educational preparation services involves providing comprehensive support to help students thrive academically. This is where Stravos Education, LLC (Stravos) comes into the picture – its mission-driven philosophy focuses on helping students build confidence, hone strategic skills and achieve academic success.
VJM Global
MARCH 4, 2024
Held by Hon’ble High Court of Delhi In the matter of M/s ARYAN TIMBER STORE KUMAR SALES TAX OFFICER CLASS II/ AVATO WARD 62 DEPARTMENT OF TRADE AND TAXES IP ESTATE NEW DELHI (WP 628/2024 dated 18th January, 2024) These days, Taxpayers are genuinely facing issues in Input Tax credit due to back date cancellation of GST registrations of the suppliers.
Canopy Accounting
MARCH 4, 2024
What's new: To enhance your experience and help you save time, we've introduced eSignature templates on Canopy. These templates enable you to easily add signature, initial, and date fields to frequently used documents, streamlining the process of preparing documents for signing.
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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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