Wed.Nov 22, 2023

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New Markets Tax Credit Case Study for 4Roots Farm Campus

Cherry Bekaert

Building and Enhancing Orlando’s Food System Project The 4Roots Foundation (4Roots) is in the process of building a new 40-acre 4Roots Farm Campus in Orlando, Florida. With their new facility, 4Roots is hoping to encourage collaborations between farmers, teachers, food retailers, restaurant owners and the public. Founded by restaurant entrepreneur and philanthropist John Rivers, 4Roots is an alliance of community shareholders who are passionate about addressing the challenges within the existing

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3 Complex Tax Issues Facing Small Businesses

CPA Practice

KBKG , a provider of tax services for CPAs and businesses, has identified three changes that the IRS has implemented; each one could have strong impacts on businesses. Employee Retention Credit (ERC) The IRS recently suspended accepting new ERC claims through at least December 31, 2023, because of the increasing number of fraudulent claims and malpractice of the ERC program.

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Cashflow Strategies for the Sports & Entertainment Industry

KROST

This is one of the articles in the KROST Industry Sports & Entertainment Issue, titled “Understanding the Complexities of Tax for Professional Athletes” by Alan Lo. CPA, MAcc & Randall Poe. Passthrough Entity Tax Credit The Passthrough Entity Tax Credit, commonly referred to as the State and Local Tax (SALT) cap workaround, was introduced to Read the full article.

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Autumn Statement 2023 - Hunt’s 110 measures for growth

Inform Accounting

Today, the Chancellor of the Exchequer, Jeremy Hunt, announced his measures (a whopping 110 of them) for improving the UK economy, and the lives of UK residents.

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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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Three things we learnt about small business from the latest XSBI data

Xero

The latest round of Xero Small Business Insights (XSBI) featured plenty of new data showing how small businesses are tracking across Australia, Canada, New Zealand, the United Kingdom and the United States. XSBI is released quarterly and uses anonymised and aggregated data to track the performance of, and improve understanding about, small businesses.

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How ESG Integration Can Save Customers Big Money

Withum

What do you think of when you think of SolarWinds and Cozy Bears? If you thought renewable energy and teddy bears, you are wrong. SolarWinds develops software for businesses to help manage their networks, systems, and IT infrastructure. And in 2020, it was discovered that they were hacked in 2019 by Cozy Bear, a/k/a Russian Foreign Intelligence Service.

More Trending

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The 20 worst states to be a property owner

Accounting Today

The five states with the highest real-estate taxes have an average rate of 2.17%.

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Unlocking New Possibilities with QuickBooks Time: Enhanced Time Tracking Capabilities!

Insightful Accountant

Previously a standalone app, QuickBooks Time has undergone significant enhancements, merging seamlessly into QuickBooks Workforce and integrating time data into QuickBooks Online as part of the payroll functionality.

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Turning Struggling Companies Into Financial Successes

GrowthForceBlog

7 min read According to the U.S. Bureau of Labor Statistics, most businesses are destined to fail. Data shows that 20% of new businesses fail within the first two years of operation, 45% in the first five years, and 65% during the first decade of operating. Just one-quarter of businesses survive to 15 years or beyond. When so many businesses cannot survive, any person who can successfully lead a business or, even more impressive, take a struggling business and turn it into success is a veritable

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Embracing AI to improve efficiency and professional growth

Accounting Today

Baker Tilly is using artificial intelligence to enhance efficiency, making it an invaluable tool to empower its professionals and accelerate their work.

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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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Practicing Thankfulness in Your Skagit County Business

SkagitCountyTaxServices

Does your Skagit County family sit around the table at Thanksgiving dinner and share something they’re thankful for? I’ve been at those holiday meals many a time. I appreciate the intent, and will admit it’s usually effective in getting me to feel more grateful, but I do wish those hosts would generally restrict the “I’m thankful for” conversations for the end of the meal.

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Boomer's Blueprint: Why students should consider accounting

Accounting Today

Perhaps it's time to take a moment to think about how to reframe the discussion of the pipeline problem.

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Accountant Pleads Guilty to Stealing More Than $715,000 From Dermatology Clinic

CPA Practice

By Emma Epperly, The Spokesman-Review, Spokane, Wash. (TNS) A 26-year-old woman pleaded guilty in federal court Tuesday to stealing more than $715,000 from Spokane Dermatology Clinic, where she was an accountant. Carol Casilla faces up to 20 years in prison for the one count of wire fraud. Casilla worked at the medical practice from 2020 to 2023. During that time, she fraudulently issued company checks to herself and a company she set up for that purpose.

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Have a Great Thanksgiving!

Insightful Accountant

All of us here at Insightful Accountant want to wish you a wonderful Thanksgiving.

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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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Happy Thanksgiving from KROST

KROST

Happy Thanksgiving to our amazing clients like you. We’re grateful for the chance to be a part of your journey and help you achieve your goals. May your Thanksgiving be filled with joy, laughter, and delicious food shared with loved ones. We gave thanks this year by donating to the following organizations. If you would Read the full article. The post Happy Thanksgiving from KROST appeared first on KROST.

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Cybersecurity: Securing your firm's perimeter

Accounting Today

New and emerging threats are taking security worries to new heights.

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Ex-Kentucky CPA Accused of Failing to Report More Than $300,000 on Federal Taxes

CPA Practice

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. A federal grand jury indicted Charles Marshall Stivers, of Manchester, last week on two charges of making false statements on tax returns in 2018 and 2020. Stivers reported gross income of $245,130 for one tax year, but failed to report another $170,507, the indictment charges.

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7 Innovative Ideas to Level Up Your Firm’s Customer Experience

Ryan Lazanis

Check out these innovative ideas regarding customer experience improvements. I also shared a bit of backstory about my personal experience. The post 7 Innovative Ideas to Level Up Your Firm’s Customer Experience appeared first on Future Firm.

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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

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Shakira Reaches Deal to Settle Spanish Tax Fraud Case Before Trial Begins

CPA Practice

By Ellise Shafer, Variety Entertainment News Service (TNS) Shakira has reached a deal with Spanish authorities to settle her tax fraud case, on the day the trial was set to begin. The Colombian pop star was due to appear in court on Monday to face tax evasion charges. Spanish authorities had claimed Shakira owed over €14.5 million in taxes between 2012 and 2014, alleging that she had listed the Bahamas as her primary residence for those years but had in fact spent the majority of her time in Spa

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Accounting Best Practices: Transitioning From Development or Rehabilitation to Placed in Service for Affordable Housing Entities

Withum

Once an affordable housing project has been developed or rehabilitated and is ready to be placed in service, the developer usually engages a managing agent to manage the day-to-day operations, monitor compliance with regulations, as well as maintain the accounting records. Most managing agents usually maintain the books on a cash basis and begin recording transactions from rental receipts, other income, and operating expenses.

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The Reality Check We Needed Before Launching Our Business Podcast

IgniteSpot

We're getting ready to launch a podcast at Ignite Spot, and we've run into a little snag. It's a pretty big snag. The problem is that the world doesn't need another general business podcast. If we're going to do this, we need to find a way to make the show valuable.

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Passing the Four-Part R&D Tax Credit Test

Shay CPA

Who wouldn’t want to cut their tax bill by as much as $500,000? It’s no surprise, then, that a lot of companies — especially startups trying to extend their runway as much as possible — explore the R&D tax credit. Technically called the Credit for Increasing Research Activities , this tax provision allows companies to claim a credit for certain expenses dedicated toward research.

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Recruit and Retain New Blue-Collar Talent

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.

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Brighter Thinking leads to another TRI Award win for our Business Recovery team

Menzies

Menzies LLP - A leading chartered accountancy firm. Menzies are delighted to have collected an award at the 2023 Turnaround, Restructuring and Insolvency (TRI) Awards for Corporate Restructuring Firm of The Year (4 to 10 licensed appointment-taking Insolvency Practitioners). Our corporate restructuring and turnaround teams continuously strive to go above and beyond to deliver forward-thinking solutions for financially challenged businesses, so we are delighted to be recognised for our efforts.

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Making the Move to Cloud-Based Accounting Software

Canopy Accounting

Numerous experts have touted the cloud as the future of computing. The majority of businesses ( 61% as of 2022 ) rely on the cloud to run business processes. And while the cloud yields numerous benefits (i.e. cost optimization, increased flexibility and scalability, enhanced security, and simplified reporting), the accounting world is divided on making the switch.

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Thanksgiving Interfaith Service

Withum

My Synagogue participated in a joint Interfaith Thanksgiving Service on Sunday. It was very touching and created feelings of fellowship, optimism, and hope, regardless of our differences. No matter what your beliefs are, the basis of each religious leader’s message still carries weight in how we should treat one another. Participating was Rabbi Joel Mishkin from Congregation Beth Ohr, Tariq Sharif, a lay leader representing the Ahmadiyya Muslim Community, Father Joseph Thippabathini from S

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Protect Yourself in Your Divorce

FraudFiles

You know a divorce is in your future, and you owe it to yourself (and your children, if you have them) to protect yourself financially. Money isn’t everything, but it is very important when you consider your future apart from your spouse.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Join Liz and Murph for QB Talks on December 13th

Insightful Accountant

Murph is back this month to host Liz as she brings us the quarterly QuickBooks Online focal version of QB Talks, Wednesday December 13, 2023 at 2:00 PM Eastern time.

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Vendor Spotlight: Rightworks

Accounting Today

In this Vendor Spotlight, we catch up with Rightworks CEO Joel Hughes.

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The Technology Lab Podcast – Review of Ramp – Nov. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss Ramp , a finance platform that uses AI and other machine learning technologies to automate AP, expense management and spend management. 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.

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BST & Co. Got Sick of Hounding Rudy Giuliani to Pay His Bill So Now They’re Suing Him

Going Concern

Clients are THE WORST. INSIDE Public Accounting Top 300 firm BST & Co. of New York (#278, revenue of $16,244,850) has finally had enough of 79-year-old Rudy Giuliani allegedly dodging their bill and is now suing him for $25,000 in Albany state Supreme Court. See: Lawsuit says Rudy Giuliani stiffed Colonie accounting firm out of $10K published today by Times Union.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.