CPA Practice

AUGUST 10, 2023

By Jim Boomer, CPA. As a leader, no matter your position or stance, you must lead effectively through diversity, equity and inclusion (DE&I) opportunities that ultimately impact us all. Pursuing diversity is essential, but how do you build such an environment? This article busts some myths about diversity in the accounting profession and provides tips and strategies on how CPA firm leaders can cultivate a culture of belonging within their organizations.

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TaxConnex

AUGUST 10, 2023

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one. A lot of complications Currently, sales tax across the U.S. has many deadlines, often every month – but not on the same day for every business or state.

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Accounting Today

AUGUST 10, 2023

The Public Company Accounting Oversight Board saw high rates of deficiency when inspecting audits of brokers and dealers last year, with little to no improvement over prior years.

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CPA Practice

AUGUST 10, 2023

By Jim Tucker , CFP®, CRPS®. Money is usually a topic that families avoid around the dinner table. Thus, it often is extremely difficult to introduce this topic as we age. However, money matters must become an essential discussion topic for aging parents and their adult children. Aging brings about unanticipated financial challenges that elderly parents need help navigating.

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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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Canopy Accounting

AUGUST 10, 2023

In this webinar “Lies Accountants Tell Themselves”, our panelists discuss Canopy’s recent 2023 Accounting Practice Management Survey and how some of the findings may indicate that accountants are convincing themselves of “truths” that may be damaging their attempts at building a successful firm. Watch the replay video below to gain some perspectives that can help you take a closer look at your own business practices and where there is room for improvement.

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CPA Practice

AUGUST 10, 2023

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. Kendra Decker will serve as the national managing partner of the firm’s Professional Practice, effective immediately. In this role, Decker will be responsible for leading the firm’s various professional practices, including Accounting Principles, Independence, SEC Regulatory Matters and the Professional Practice Director group.

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CPA Practice

AUGUST 10, 2023

By Mark Heim, al.com (TNS) Texas A&M announced Wednesday it was “discontinuing” the 12th Man Plus fund, which provided coveted “priority points” and tax-deductible donations in regard to name, image, and likeness. “On June 9, the IRS released a generic legal advice memorandum providing specific guidelines for non-profit organizations that engage with student-athletes for their … (NIL),” an A&M statement read Wednesday.

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Cherry Bekaert

AUGUST 10, 2023

Pass-through entity taxes (PTET) are constantly changing on a state-by-state basis. To help our clients keep up with the latest PTET election news, please see our monthly PTET election updates. Alabama The Alabama Department of Revenue announced that an extension of the tax year 2022 PTET election due date will be provided for certain pass-through entities (PTEs) that may have intended to elect, but did not execute, a valid election by the original due date.

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Accounting Today

AUGUST 10, 2023

The Accountants Salute the Troops campaign is bringing the accounting profession together to increase awareness of the USO's mission and raise much-needed funding to support the men and women of our military.

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Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies. Recent events have changed the calculus on cost and risk minimization, while new government tax incentives force business leaders to plan for and confront new logistics opportunities.

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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.

ThomsonReuters

AUGUST 10, 2023

Charting a smooth course, either on the open seas or at your audit firm, is an exciting opportunity for explorers and tax professionals alike. And, with the right plan in place, the benefits will be measurable and significant. Here, we will talk through some best practices when implementing new audit software solutions as well as some common pitfalls that can arise throughout the process.

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Basis 365

AUGUST 10, 2023

Businesses today face increasing pressure to optimize their financial operations while focusing on core competencies. Outsourcing accounting functions has emerged as a strategic solution to enhance financial efficiency, allowing companies to streamline processes, reduce costs, and access specialized expertise—benefits of outsourcing accounting and how it can contribute to improved financial efficiency.

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Insightful Accountant

AUGUST 10, 2023

The Intuit QuickBooks team is advising accountants and ProAdvisors of impending changes to QBO Navigation, which will give them time to start working with their clients on the upcoming enhancements.

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CPA Practice

AUGUST 10, 2023

The Treasury Department and the IRS on Thursday released final rules and procedural guidance for a new program established by the Inflation Reduction Act that provides bonus tax credits for qualified solar and wind facilities in low-income communities. The IRS issued initial guidance last February when it launched the Low-Income Communities Bonus Credit Program under section 48(e) of the Internal Revenue Code, which gives eligible solar and wind facilities increased investment tax credits of 10%

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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.

Accounting Today

AUGUST 10, 2023

The Big Four firms are doing a full court press on AI, aiming to integrate it into virtually all of their service offerings.

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GrowthForceBlog

AUGUST 10, 2023

7 min read The role of the modern chief financial officer (CFO) has handed off the responsibility of maintaining financial reports to the controllers and refocused on financial strategy, financial forecasting, and facilitating organization-wide connected planning. This visionary role requires CFOs to work closely with CEOs, COOs, and other C-suite members to make smart, data-driven decisions about the company's overall leadership, direction, goals, and strategy.

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AccountingDepartment

AUGUST 10, 2023

Company culture is a term that is heard quite often from companies all over the world. It's what defines an organization, shaping its values, beliefs, and behaviors. It encompasses employees' shared attitudes and norms, how they interact, and the overall work environment.

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MineralTree

AUGUST 10, 2023

No matter your business’ size or industry, healthy cash flow is critical for operations and financial stability. But a key component of cash flow balance — accounts payable — is often overlooked. Accounts payable (AP) is inherently tied to a business’ financial stability. It includes the amounts owed to vendors, suppliers, and other stakeholders for goods or services.

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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

Accounting Today

AUGUST 10, 2023

Confidence man; Bits & Bytes & busted; lost that bet; and other highlights of recent tax cases.

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Insightful Accountant

AUGUST 10, 2023

Halo, a next generation GPS wireless dog fence company, has selected NetSuite to automate its key business processes, and support its domestic and international expansion.

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Accounting Today

AUGUST 10, 2023

The service developed an indicator to lock the accounts of millions of taxpayers whom the agency assumed had died, but for tens of thousands of people, it may have been wrong.

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Cherry Bekaert

AUGUST 10, 2023

Like most industries, law firms have been impacted by the recent AI boom, and are drawn to the technology’s promise of delivering significant efficiencies and time savings. However, in this highly regulated industry driven by client service, there is an awareness that as lawyers adopt AI, guardrails must be put in place to ensure the software is truly adding value for clients.

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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.

Accounting Today

AUGUST 10, 2023

The guidance could spur development of renewable energy under the Inflation Reduction Act.

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Shay CPA

AUGUST 10, 2023

We’re excited to share the incredible experiences and moments from our 2nd Annual Company Retreat in New York City. Over three days, our team united for collaboration, gained insights, and enjoyed thrilling adventures that left us with unforgettable memories. Let’s dive into highlights from each retreat day. Day One: Empowering Knowledge, Sharing, and Giving Back The retreat kicked off with warm greetings as our team members reunited and welcomed esteemed guests.

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Menzies

AUGUST 10, 2023

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance team recently advised Artic Building Services Ltd during its sale to Rockpool backed technical services business, Mecsia Group. As one of the fastest growing technical services businesses in the UK, Mecsia Group completed its acquisition of Artic Building Services in July 2023.

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Inform Accounting

AUGUST 10, 2023

Founded in 2014 by Anne Boden, Starling was the UK’s first mobile bank offering super-fast setup, beautifully simple money management and 24/7 support, all with no monthly fees. From small businesses with big ambitions to freelancers figuring out tax returns, Starling’s award-winning business bank account is designed to make entrepreneurial life a little easier.

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CPA Practice

AUGUST 10, 2023

In a deal involving two of the 75 largest accounting firms in the U.S. by revenue, Raleigh, NC-based Cherry Bekaert said on Thursday it has acquired Louisville-based firm MCM CPAs & Advisors. MCM has approximately 370 employees in six offices spread out over three states and brought in nearly $72.9 million in revenue during its most recent fiscal year, making it the 75th largest firm in the U.S.

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Withum

AUGUST 10, 2023

On August 3, 2023, Treasury and the IRS issued proposed regulations and a press release identifying monetized installment sale transactions and substantially similar transactions as Listed Transactions. A Listed Transaction is a type of transaction that requires participants (and material advisers) to report their involvement in the transaction to the IRS on a special disclosure form that is attached to their tax return and sent to the IRS’s Office of Tax Shelter Analysis.

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Menzies

AUGUST 10, 2023

Menzies LLP - A leading chartered accountancy firm. Who do the new tax relief rules apply to? As always there are many details within the rules but in essence, tax relief applies to: qualifying costs incurred on qualifying non-residential structures and buildings used for a qualifying activity Blog New capital allowances for buildings and structures read more WHO CAN CLAIM STRUCTURES AND BUILDINGS ALLOWANCE (SBA)?

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Summit CPA

AUGUST 10, 2023

The Virtual CPA Success Show: Episode 92 In this episode, Jody and Joey interview Dan White, author of the Soft Skills Book , which focuses on the importance of soft skills in business success. They discuss the importance of leadership and communication skills in building successful teams. Dan emphasizes the power of listening skills and the GROW framework, which involves asking questions about goals and actions to help individuals and teams solve problems and achieve their objectives.

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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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