Canopy Accounting

DECEMBER 8, 2023

Last year, roughly 50.5 million Americans quit their jobs to take new positions and 73% of employers are having difficulty attracting staff. Clearly, the accounting industry has been affected by this rapid resignation of employees–despite having the third lowest turnover rate in the nation. Many accounting firms have struggled to attract and retain top talent and are revamping benefit offerings and increasing salaries to fill open positions.

accounting firms 52

accounting firms Account accountant accounted 52

Withum

DECEMBER 8, 2023

The Internal Revenue Service (IRS) is continuing its crack down on dubious claims for the employee retention credit (ERC), a refundable tax credit for certain businesses that paid employees during the COVID-19 pandemic. On December 6, 2023, the IRS issued a press release announcing that it would be sending more than 20,000 letters to taxpayers notifying them of disallowed ERC claims, either because their entities did not exist during the ERC eligibility period or because they did not have employ

tax preparation 127

tax preparation audit Tax 127

ThomsonReuters

DECEMBER 8, 2023

As technology has evolved, so too has the accounting profession. From paper-based processes to cloud-based software, accountants are no strangers to change. No previous advancement, however, has had the potential to alter accounting (and many other industries) quite like generative artificial intelligence. But for those who embrace AI, there is a strategic opportunity to capitalize on its many benefits while protecting and even uplifting the irreplaceable human connection.

Account 108

Account accountant accounted Technology 108

Accounting Today

DECEMBER 8, 2023

The Internal Revenue Service's Independent Office of Appeals hopes to improve taxpayer service next year and improve the experience of its workforce.

Tax 114

Tax 114

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

ThomsonReuters

DECEMBER 8, 2023

Jump to: How AI is transforming audit AI-Assisted Decision Making in Thomson Reuters Cloud Audit Suite Ready to transform audit? How AI is transforming audit Traditionally, auditors have heavily relied on manual processes to uncover risk in financial statements and business operations. This approach, while effective to a certain extent, is time-consuming and vulnerable to human error.

audit 98

audit auditor financial statements Technology 98

Randal DeHart

DECEMBER 8, 2023

As the year comes to a close, it's important to start thinking about your bookkeeping tasks to ensure a smooth transition into the new year. Deadlines are fast approaching, but it doesn't have to be stressful. Have you given your bookkeeper, wife, partner), accountant or tax accountant, what information is needed to complete your reports? Accountants need good information to create detailed reports and save money on your taxes.

bookkeeping 89

bookkeeping Construction tax accountant Tax 89

Insightful Accountant

DECEMBER 8, 2023

AI revolutionized industries worldwide, including accounting. BrightReturn recognizes the need for AI, Automation, and other technologies in the accounting field to gain a competitive edge.

Account 86

Account accountant accounted Technology 86

Accounting Today

DECEMBER 8, 2023

With steep civil penalties of up to $500 per day for each day a BOI report is late, business owners will want to make sure they get theirs in on time.

Account 90

Account accountant accounted 90

Going Concern

DECEMBER 8, 2023

SEC Chief Accountant Paul Munter was interviewed by WSJ ‘s Mark Maurer the other day and his comments about firm culture are worth paying attention to if you’ve been tempted to speedrun internal exams lately. Asked about his vocal stance on the importance of firm culture in maintaining professionalism — which includes independence — and if there are any particular cases that make firm culture a priority now, Munter referenced numerous “troubling things” on the

public accounting 57

public accounting audit Account accountant 57

Accounting Today

DECEMBER 8, 2023

The IRS is sending 20,000 disallowance letters, with more action and a voluntary disclosure program coming.

Tax 101

Tax 101

Advertiser: Paycor

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Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. Explore the vital changes that are needed to fuel prosperity in the Food & Drink industry – with insights that go beyond November’s Autumn Statement. November’s Autumn Statement earmarked £4.5bn for key manufacturing sectors, and some beneficial changes to tax reliefs and full expensing.

Manufacturing 52

Manufacturing Government Agriculture chartered accountant 52

Accounting Today

DECEMBER 8, 2023

The unemployment rate declined two-tenths of a point to 3.7% in a sign of a strong economy despite high interest rates.

Account 68

Account accountant accounted payroll 68

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. What is it? The Carbon Border Adjustment Mechanism (CBAM) will impact all exporters of certain relevant products and EU importers, where the import of steel and aluminium, fertiliser, concrete, hydrogen and electricity, must be tracked. Why? The CBAM is part of the concept of carbon pricing and the EU’s aim of being the first ‘green continent’, by imposing regulation on EU businesses, to encourage decarbonisation.

chartered accountant 52

chartered accountant accounting firms Tax Account 52

GrowthForceBlog

DECEMBER 8, 2023

10 min read No business is safe from a difficult economy.

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85

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.

Menzies

DECEMBER 8, 2023

Menzies LLP - A leading chartered accountancy firm. The government ​​published the final version of its Border Target Operating Model (TOM) earlier this year, confirming that from 31‌‌‌ ‌‌January 2024, certain goods will be subject to full customs controls when moved directly from Irish ports to Great Britain (GB). Where goods are imported directly from Ireland into GB, ​​not moving from or through Northern Ireland (NI), import processes will need to be undertaken.

chartered accountant 52

chartered accountant accounting firms Government Transportation 52

Accounting Today

DECEMBER 8, 2023

Accounting Today has issued a call for submissions for its 2023 Top New Products report.

Account 70

Account accountant accounted Technology 70

CPA Practice

DECEMBER 8, 2023

Ensuring Success, the largest live-streamed CPE conference for accounting and tax professionals, was held December 6-7, providing these financial and tax advisors the opportunity to complete their credential requirements, and also offering strategies for developing firm growth opportunities and strategies to better serve their clients. More than 3,300 registered for this year’s event, which was the 10th anniversary of Ensuring Success.

E-commerce 64

E-commerce Account accountant accounted 64

Accounting Today

DECEMBER 8, 2023

Ledgible improves transaction table; Wolters Kluwer's emissions reduction targets validated by SBTi; and other updates from the accounting technology world.

Technology 56

Technology Account accountant accounted 56

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

Going Concern

DECEMBER 8, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

cpas 116

cpas Account accountant accounted 116

Accounting Today

DECEMBER 8, 2023

Business leaders who are also CPAs are unsure about the direction of the U.S. economy next year.

CPA 65

CPA cpas Account accountant 65

CPA Practice

DECEMBER 8, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients. 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. Welcome to the technology lab presented by CPA practice advisor with your hosts, Randy Johnston and Brian Tankersley.

Technology 52

Technology tax return CPA cpas 52

Accounting Today

DECEMBER 8, 2023

Brown Schultz Sheridan & Fritz renames firm; Weaver moves into new Texas office; and more news from across the profession.

Texas 50

Texas 50

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

DECEMBER 8, 2023

Rosen, Sapperstein and Friedlander, a Regional Leader based in Towson, Maryland, is buying MBA, a firm based in Cockeysville.

Maryland 50

Maryland 50

Accounting Today

DECEMBER 8, 2023

President Joe Biden's son Hunter was indicted on nine federal tax charges in a development that will become a political headache for the White House and Democrats as the 2024 campaign ramps up.

Tax 114

Tax 114

Accounting Today

DECEMBER 8, 2023

A prominent NYU accounting professor who is being paid to testify in Donald Trump's defense in a civil fraud trial heaped praise on the former president's financial records for hours under oath.

Account 50

Account accountant accounted 50