Insightful Accountant
AUGUST 14, 2023
Join a panel of accounting professionals who will discuss the benefits of outsourcing some of your practice tasks. Find out how to sign up for the Aug. 17 webinar.
MyIRSRelief
AUGUST 14, 2023
Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This FAQ article aims to provide you with a comprehensive understanding of IRS wage garnishments, including the reasons for their issuance and the helpful steps you can take to release them.
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CPA Practice
AUGUST 14, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The IRS incorrectly locked thousands of taxpayer accounts because the agency thought the taxpayers had died. A recent report from the Treasury Inspector General for Tax Administration (TIGTA) found that over 90,000 accounts were “deceased locked” last year despite the taxpayers being alive. Typically, the IRS locks accounts of taxpayers who have passed away to prevent fraudulent use of the deceased person’s information.
MyIRSRelief
AUGUST 14, 2023
Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This FAQ article aims to provide you with a comprehensive understanding of IRS wage garnishments, including the reasons for their issuance and the steps you can take to release them.
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
AUGUST 14, 2023
BDO USA P.A., the sixth-largest public accounting firm in the U.S., said on Monday that it is establishing an employee stock ownership plan (ESOP)—which would allow its more than 10,000 professionals to buy a shared stake in the CPA firm—that is expected to become effective later this month. BDO’s ESOP is believed to be the first such employee stock plan offered by a public accounting firm in the U.S. that is a part of a large global network.
Going Concern
AUGUST 14, 2023
BDO released a press release on ESOP at 10 am this morning , here it is in its entirety. Friendly reminder, BDO partners (current and former) and staff are encouraged to contact us at 202-505-8885 should you have any cares, concerns, or tales of phones being tracked you want to share with the class. Tipsters are anonymous, always. BDO USA Stewards Transformative Next Chapter With ESOP Purpose-driven strategy gives participating U.S. employees shared stake in firm’s success.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
AUGUST 14, 2023
It's not a private equity deal, says CEO Wayne Berson — it's private credit to realign the firm's debt and fund a powerful benefit for its employees.
CPA Practice
AUGUST 14, 2023
By Brian Greehan. As we approach the end of Q3, economic uncertainty continues to dominate the news. The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. These circumstances require finance professionals to be agile and proactive about optimizing operations and informing the business with accurate and timely financial data.
Accounting Today
AUGUST 14, 2023
There is going to be a big gap between accountants who use artificial intelligence and those who don't, says Randy Johnston.
CPA Practice
AUGUST 14, 2023
A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. According to court documents and statements made in court, Georgina Gonzalez, formerly of Miami, worked as a tax return preparer since at least 2013. For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia.
Advertiser: Paycor
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Insightful Accountant
AUGUST 14, 2023
The Internal Revenue Service says its new Paperless Processing Initiative will cut processing times in half and expedite refunds by several weeks.
AccountingDepartment
AUGUST 14, 2023
We are proud to announce that ADC co-founder, Bill Gerber, has been inducted into the prestigious Marquis Who's Who Biographical Registry!
Accounting Today
AUGUST 14, 2023
Taxpayer information in this format isn't being safeguarded properly, according to a new report.
Insightful Accountant
AUGUST 14, 2023
On Wednesday, Aug. 16, at 2 p.m. (EST), Gary and Murph hear what list-makers say it takes to make the Top 100 ProAdvisor list, earn the categorical ProAdvisor awards, and get all the way to the ProAdvisor of the Year.
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.
CPA Practice
AUGUST 14, 2023
By Jonnelle Marte and Alex Tanzi – Bloomberg News (Via TNS) U.S. consumers’ near-term inflation expectations declined in July for a fourth month, reaching the lowest level since April 2021, according to a Federal Reserve Bank of New York survey. Median one-year-ahead inflation expectations fell to 3.5% last month from 3.8% in June, the New York Fed said Monday.
Withum
AUGUST 14, 2023
The fair market value of physician compensation is a fundamental consideration in healthcare compliance to prevent the abuse of healthcare programs and protect patients needing medical care. Specifically, fair market value is a concept relied upon in applying federal regulations such as the Physician Self-Referral Law (Stark Law) and the Anti-Kickback Statute (AKS).
Insightful Accountant
AUGUST 14, 2023
Hour Timesheet and Clockwise co-founder Debbie Sabin answers the age-old question on whether employees in nonprofits should keep time records. Check out her answer.
Withum
AUGUST 14, 2023
Learn how Withum helped a leading beverage manufacturer enhanced employee experience white streamlining processes with Microsoft Power Platform. Download a PDF of this case study. Executive Summary A leading beverage manufacturer sought to optimize its operations and improve user experience through the implementation of Microsoft Power Platform. This case study examines how Withum’s Digital and Technology Transformation Team and the client worked together to overcome challenges and leverage the
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
Inform Accounting
AUGUST 14, 2023
Managing Director, Sian Kelly, of Inform Accounting shares what businesses in the creative industries should be doing to help increase their profits and im
Withum
AUGUST 14, 2023
An ERP implementation is not a simple, short or routine task. It’s a large undertaking that serves to transform your business – but comes with many risks along the way. Companies often suffer the aftermath long after an implementation that didn’t go according to plan. Some common root causes for failed or incomplete implementations involve user adoption issues, lack of training or documentation, poor change management mechanisms, system functionality issues and data lacking integrity.
Insightful Accountant
AUGUST 14, 2023
In Part 8 of Murph's "Clues about the Top 2024 Process," he discusses QuickBooks Desktop Certification and the 2023 stats relating to it.
Accounting Today
AUGUST 14, 2023
The London-based auditor gave a clean bill of health to a music streaming company that wildly overstated its revenue.
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.
Inform Accounting
AUGUST 14, 2023
Neate & Pugh are a niche employment law and HR solutions firm, set up by Ann-Marie Pugh and Emma Neate back in 2014. Their mission is to provide the high-quality service and advice expected from a big law firm, with the personalised attention to detail and care you can only get from a small firm.
CPA Practice
AUGUST 14, 2023
LeaseQuery , a provider of software built to empower accounting and finance teams by simplifying the complex, has acquired Stackshine, a SaaS spend management platform designed to help companies track and optimize their software spend and usage. With this acquisition, LeaseQuery extends a period of growth and tackles an increasingly crucial issue for organizations – SaaS operations and spend management, a mounting challenge for both IT and Finance.
Accounting Today
AUGUST 14, 2023
Most of your clients need added services. Your ability to capture those revenues will depend on your ability to show the client the value they will receive.
CPA Practice
AUGUST 14, 2023
Congratulations! You just welcomed a new bundle of joy into the world. But once the euphoria has worn off, you’ll start to realize—if you haven’t already—that kids are expensive. Fortunately, the tax law provides several tax breaks for new parents, some of which were highlighted in a recent IRS post (IRS Tax Tip 2023-89, 7/10/23). Here are four examples. 1.
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Accounting Today
AUGUST 14, 2023
LeaseQuery announced it has acquired SaaS spent management platform Stackshine.
CPA Practice
AUGUST 14, 2023
By Vincent Birardi, CFP, AIF, Kiplinger Consumer News Service (TNS) As today (Aug. 14) marks the 88th anniversary of our national Social Security system , we can revel in the fact that millions of Americans have been afforded financial protection in their retirement years. Unfortunately, that level of protection has waned due to several factors, including longer average life spans , a shift in the balance of contributions, and the withdrawing benefits of the Social Security system.
Accounting Today
AUGUST 14, 2023
The suggestions in board chair Erica William's recent Wall Street Journal op-ed could have troubling ramifications for auditors and their clients.
Going Concern
AUGUST 14, 2023
When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” Thomson Reuters has your back : The Public Company Accounting Oversight Board (PCAOB) released an analysis showing a concerning trend of increased audit deficiencies and noncompliance with PCAOB standards and rules.
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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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