RogerRossmeisl

NOVEMBER 9, 2023

Ever wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about specific industries and issues on tax returns by using IRS Audit Techniques Guides (ATGs). A little-known fact is that these guides are available to the public on the IRS website. In other words, your business can use the same guides to gain insight into what the IRS is looking for in terms of compliance with tax laws and regulations.

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auditor audit tax return Construction 130

TaxConnex

NOVEMBER 9, 2023

Exactly how long will it take you to set up a process to evaluate and comply with your sales tax obligations? Depends on your business and where you are in your sales tax journey. It could take as little as a month or so or up to six months (or more). Here’s the first part of a general overview of your prospective timeline for creating a sales tax process for your company – and we stress that the only certainty beforehand is that you should start sooner rather than later.

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Sales Tax Missouri Start-ups 147

RogerRossmeisl

NOVEMBER 9, 2023

Although some businesses now require employees to work full-time in the office, many others allow employees to work remotely one or more days a week. The popularity of remote positions can make attracting and retaining employees easier. However, some workers may be tempted to take on multiple remote jobs without informing their employers. In addition to affecting employee productivity, this can lead to leaks of intellectual property (IP) and proprietary knowledge to competitors.

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CPA Technology 237

Going Concern

NOVEMBER 9, 2023

A day after PwC Australia cut four percent of its workforce , EY Oceania made some cuts of its own. 232 people to be exact. That works out to more than two percent of its 10,700-person workforce. Reports AFR : The firm, which was the only big four giant to avoid cutting staff during the COVID-19 pandemic downturn, is also dealing with issues on two other fronts: the fallout of a scathing report into its culture , which found staff felt overworked, bullied and harassed and its own tax scandal inv

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Non-Profits Start-ups Tax 125

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

RogerRossmeisl

NOVEMBER 9, 2023

An employee stock ownership plan (ESOP) can facilitate the transfer of a business to the owner’s children or employees over a period of years in a tax-advantaged way. However, the IRS recently issued a statement warning businesses about a range of compliance issues related to ESOPs and announcing plans to ramp up compliance enforcement. The IRS has identified numerous issues, such as improper valuation of employer stock, prohibited allocation of shares to disqualified persons and failure to foll

CPA 214

CPA Tax 214

CPA Practice

NOVEMBER 9, 2023

A new Intuit QuickBooks survey shows that 42% of U.S. consumers, an estimated 109 million people, expect to spend more this holiday season compared to last year, with nearly half of consumers expected to do 50% or more of their shopping at small businesses. These findings and more are highlighted in the QuickBooks Holiday Shopping Report , commissioned by Intuit Inc. , the maker of TurboTax , Credit Karma , QuickBooks and Mailchimp.

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quickbooks Sales Retail Finance 122

Accounting Today

NOVEMBER 9, 2023

The service announced its annual inflation adjustments, including increases in the standard deduction and changes in tax brackets.

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CTP

NOVEMBER 9, 2023

As you begin working with taxpayers to plan out their cash flow for retirement , you will want to advise them on the timing for withdrawing those funds. This is where the “bucket strategy” comes into play. The bucket strategy looks at four basic types of retirement income: Taxable non-retirement investments (brokerage accounts) Pre-tax retirement funds Tax-free retirement funds Social Security payments For taxable non-retirement investments or brokerage accounts , taxpayers will pay tax every ye

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tax planning Tax income tax tax accountant 105

Cherry Bekaert

NOVEMBER 9, 2023

In today’s digital operating landscape, service delivery has become increasingly reliant on advancing technologies and the interconnectivity of systems and information. This has enabled providers to optimize processes, streamline costs and deliver more effective customer experiences. However, it has also brought risks. Data breaches and cyber-attacks are now commonplace and, as a result, many customers (also known as ‘user entities’) are demanding an SOC report as part of their

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audit auditor accounting and finance Healthcare 105

ThomsonReuters

NOVEMBER 9, 2023

Jump to: Prioritize staffing and bandwidth Harness the power of technology Shift your value proposition to advisory As the end of the year approaches, many forward-looking accounting firms are not only guiding clients through the intricacies of year-end tax planning, but they are also setting aside time to prepare for the year ahead. In the first of our two-part year-end planning series, we’ll delve into three key ways accounting firms can prepare for next year and ensure sustained futu

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tax planning accounting firms Tax Account 105

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Cherry Bekaert

NOVEMBER 9, 2023

Authors: Gabriela Payne, CPA On September 14, 2023, California’s Legislature approved a landmark Senate Bill 253/Climate Corporate Data Accountability Act, which is expected to have global impacts on corporate climate accountability. The bill will require more than 5,000 U.S. corporations earning over $1 billion in global gross revenues and doing business in California to annually report their greenhouse gas emissions.

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Account accountant accounted California 105

CPA Practice

NOVEMBER 9, 2023

The Internal Revenue Service Advisory Council (IRSAC) has issued its annual report for 2023 (PDF), including recommendations to the IRS on new and continuing issues in tax administration. The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Section 302, Escrow and Certification Procedure Timely Obtaining Employer ID Numbers (EINs) to Comply with the Corporate Transparency Act Requirements Form 1099-K Reporting Self-Correction Guidance for Emplo

Construction 105

Construction Tax Government payroll 105

Cherry Bekaert

NOVEMBER 9, 2023

Numerous Catholic churches encountered operational challenges amid COVID-19 restrictions on commerce, travel and gatherings. State and local orders impacted essential services like worship, youth ministry, fundraising, marriages, funerals and community outreach. Decision makers in Catholic dioceses and parishes should grasp the basics of the Employee Retention Credit (ERC) to seize a valuable opportunity during these times.

Non-Profits 104

Non-Profits Government audit Tax 104

CPA Practice

NOVEMBER 9, 2023

By Erik J. Martin, Bankrate.com (via TNS). You’ve probably heard of “workcations” that combine work travel with leisure trips, often in desirable locations. But there’s a new twist on this trend: The “hush trip,” in which employees don’t tell their bosses they’re actually working from vacation locales. These secret getaways by remote workers while on the clock seem to be gaining in popularity and frequency, although many companies frown upon this activity.

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New York accounting and finance Hospitality Finance 105

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

NOVEMBER 9, 2023

Now that Results Software has been reacquired by its original ownership it's poised to deliver innovative and revamped products to existing and future clients.

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CPA Practice

NOVEMBER 9, 2023

Results Software, acquired by Abacus Data Systems in 2017, has recently been reacquired by the original owner and founder, Sam Saab. In the years preceding this recent reacquisition, Sam partnered with industry-veteran Randy Johnston to develop the DoMore Platform , a remarkably adaptable Business Management System that serves a broad array of global clients in various sectors and industries.

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quickbooks Technology Account accountant 97

AccountingDepartment

NOVEMBER 9, 2023

By implementing Tipalti's innovative software, businesses can revolutionize their purchase order (PO) process, effortlessly streamlining and automating their operations. Gone are the days of tedious manual purchasing workflows, as Tipalti empowers companies to achieve unparalleled efficiency and accuracy. With its user-friendly interface and cutting-edge technology, Tipalti ensures that every step of the purchasing process is seamless and error-free.

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Technology NetSuite accounts payable Account 90

Accounting Today

NOVEMBER 9, 2023

Accounting software giant Intuit announced a cavalcade of new features set for use in the upcoming tax season.

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Tax accounting software Account accountant 111

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

Xero

NOVEMBER 9, 2023

With a week to go ’til Xero Asia Roadshow, we are buzzing with everything we have lined up for our accounting and bookkeeping community. Exploring the agenda This year we’re exploring how we can work Smarter, Faster, Stronger, Together to support small businesses across Asia; your clients, who themselves strive to do this every day, and depend on their accountants and bookkeepers to help get them there.

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bookkeeping Account accountant accounted 83

Accounting Today

NOVEMBER 9, 2023

Whether it is maintaining secure databases for client information or keeping employees safe from phishing attacks, cybersecurity should be a top priority.

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Account accountant accounted Technology 96

KROST

NOVEMBER 9, 2023

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Brad Pauley, CPA Professional Athlete Taxation Professional athletes are subject to a complex system of taxation that can vary depending on their state of residence, the sport they play, and the Read the full article.

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Sports Tax Entertainment CPA 81

CPA Practice

NOVEMBER 9, 2023

By Kristin Kowalski , CPA, MST. The Department of Health and Human Services recently made an official recommendation to the Drug Enforcement Administration (DEA) to reschedule cannabis as a Schedule III drug, a move that may significantly impact the way that cannabusinesses manage their operations and taxes. Up to this point, cannabis has been classified as a Schedule I drug, meaning it is considered to have a high potential of abuse.

Non-Profits 85

Non-Profits Real Estate Agriculture Legal 85

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

NOVEMBER 9, 2023

Wire happy; defense rests; re-model behavior; and other highlights of recent tax cases.

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Tax tax preparation 112

Withum

NOVEMBER 9, 2023

The Centers for Medicare and Medicaid Services (CMS) issued a proposal in September 2023 calling for higher minimum staffing requirements for hospitals and nursing homes. The proposal requires facilities to provide 0.55 registered nurse and 2.45 nurse aide hours per resident per day, as well as one RN on staff at all times. CMS Three-Step Outline The CMS offers a three-step outline with implementation deadlines: The first step requires facilities to consult with residents and develop a compliant

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Healthcare Hospitality 73

MineralTree

NOVEMBER 9, 2023

The modern digital landscape requires businesses to efficiently and securely exchange data between software systems. This is especially important for accounts payable (AP) teams, where timely and accurate data flow is essential. The two primary methods for achieving data exchange are file-based integrations and application programming interface (API) integrations.

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AP Processes AP Automation Approval Workflows NetSuite 72

Going Concern

NOVEMBER 9, 2023

Jassen Venkatasamy is in trouble before the Solicitors Regulation Authority, the regulatory body for registered solicitors (lawyers) in England and Wales, over an event that occurred last year at a Deloitte shindig. He’s been practicing since 2018. The accusation is that on March 17, 2022, Jassen and colleagues were at the Waldorf Hotel in London for a social event organized by Deloitte.

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Insightful Accountant

NOVEMBER 9, 2023

On this special day, we here are Insightful Accountant want to say to All Our Veterans, “Thank YOU for YOUR Service!

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Account accountant accounted 93

Accounting Today

NOVEMBER 9, 2023

CliftonLarsonAllen welcomed a group of Future Business Leaders of America to its New York offices to tell them about accounting, consulting and other careers.

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Account accountant accounted New York 70

LSLCPAs

NOVEMBER 9, 2023

Another year has come and gone, and many local government finance departments have just completed, or are still in the process of enduring, yet another dreaded year-end close! While it is never an easy feat, one of the best ways to guarantee that your year-end close goes as smoothly as possible, is to implement a. The post Month-End Close Processes: Ways to Save You Time and Effort Next Year-End Close appeared first on LSL CPAs.

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cpas Government Finance 59

Accounting Today

NOVEMBER 9, 2023

The iPhone maker risks having to pay billions to Ireland after an advisor to the European Union's top court said its victory in an earlier challenge should be thrown out.

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Tax corporation tax 62

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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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