Fri.Dec 29, 2023

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Employment 941 Tax Problems and How an Enrolled Agent Can Help

MyIRSRelief

Employment taxes can be a complex area for businesses, especially when it comes to Form 941, the Employer’s Quarterly Federal Tax Return. This form is used to report income taxes, social security tax, or Medicare tax withheld from employee’s paychecks, and to pay the employer’s portion of social security or Medicare tax. However, mistakes can happen, and when they do, they can lead to significant tax problems.

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IRS to propose rules on claiming energy efficient home tax credit

Accounting Today

The Internal Revenue Service and Treasury plan to propose regulations on a requirement for a product identification number, and they're asking for comments ahead of time on the PIN requirement.

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Should You Elect … To Forgo Preferential Tax Treatment on Capital Gains and Dividends?

CPA Practice

In the 2024 presidential election year, you may have another important election to consider, although this one is on your personal tax return. Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses. Background : Generally, the tax law allows you to deduct the investment interest expenses you incur during the year—for example, when you buy stock on margin— but on

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IRS employee safety at risk at Missouri storage site

Accounting Today

The Internal Revenue Service needs to make improvements to protect the health and safety of employees working at an underground file storage site, where the perils include falling rocks and broken ladders.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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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The Ten Most Read Stories of 2023

Going Concern

It’s here! The barely anticipated year-end phoning in of content look back on what news was important to Going Concern readers and Google visitors in 2023. This ranking is derived from analytics data thus is more trustworthy than the editorial team trying to remember what story was big back in March. While you’re here, let us say thanks for reading and we’ll see you in 2024.

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Accounting in 2024: The year ahead in numbers

Accounting Today

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

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More Trending

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ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims

Patriot Software

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity.

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Turning Pages with the ADC Book Club | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

We are thrilled to announce that Episode 9 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Why 2024 will be accounting's year of change management

Accounting Today

Here's what accountants and tax professionals need to prepare for next year.

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Written Reports in Divorce Cases

FraudFiles

After completing a lifestyle analysis for a divorce case, a written report is often requested. In the below video, Tracy describes the information she puts in her written reports, which often includes things like background information, documents utilized, important estimates, and methodology used.

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How to Build the Ideal HR Team

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.

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"Happy New Year - 2024"

Insightful Accountant

Our hopes are that all your ambitions be fulfilled and your dreams become reality during 2024. Oh, and may you be recognized in the 2024 ProAdvisor Awards!!! (How could we forget that.

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The Leadership Files: Lisa DeVaughn Foley

Accounting Today

The CEO of Baldwin CPAs on adaptability, local roots and remembering what it was like when you first started out.

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What Is Cash Flow? A Guide for Startups and Business Owners

inDinero Accounting

If you are a new business owner wondering, “What is cash flow?” you’re not alone. The finance world is full of jargon and complex concepts that can be hard to keep track of. Fortunately, cash flow is a relatively easy concept to understand. Briefly, cash flow refers to the movement of money in and out of a business, reflecting the company’s health and liquidity.

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On the move: INCPAS VP to chair Institute for Organization Mgmt.

Accounting Today

Plus, FAF appoints members to Governmental Accounting Standards Advisory Council; PCAOB names next CIO; and more news from across the profession.

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Planning Your Restaurant's Path to Profitability

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.

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The Technology Lab Podcast – Tech Predictions for 2024 – Dec. 2023

CPA Practice

Randy Johnston and Brian Tankersley, CPA, talk about the technology changes and new products they expect to see in the coming year. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F. Tankersley, CPA.CITP, CGMA. Intro: Welcome to the technology lab presented by CPA Practice Advisor with your hosts, Randy Johnston and Brian Tankersley.

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What do AIs think of AI, anyway?

Accounting Today

We've asked a lot of humans what they think of AI. What do the AIs say?

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Let AI take most of your job

Accounting Today

Artificial intelligence will be doing a lot of the work that accountants currently do — but you can decide which work that is.

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RKL eSolutions to acquire Chortle's Sage practice

Accounting Today

The ERP software and IT consulting provider is adding expertise in Sage 100, Sage 50 and Sage BusinessWorks.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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