Accounting Today

JANUARY 8, 2024

NCCPAP's Frank Sands shares the major issues that tax pros should be paying attention to in the run up to April 15.

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Tax tax preparation 117

CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. Related: Chart shows estimated refund date timelines. Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.

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Tax tax return income tax Massachusetts 133

Going Concern

JANUARY 8, 2024

Hey remember the Bloomberg story last March about how staff shortages at audit firms were causing municipal credit ratings to tank ? Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. S&P has placed 149 long-term, underlying and program ratings on a negative credit watch this year because the ratings company hasn’t received 2021 financial s

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Wyoming audit Government Montana 125

CPA Practice

JANUARY 8, 2024

The IRS on Friday gave automobile dealers and sellers until Jan. 19 to submit time-of-sale reports for vehicles, such as electric cars, that qualify for the new clean vehicle tax credit. Last November, the Treasury Department and the IRS said car dealers and sellers could begin to register for the IRS Energy Credits Online (ECO) portal —a key step in implementing a provision of 2022’s Inflation Reduction Act intended to lower costs for consumers and help car dealers grow their businesses by inc

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Sales Tax tax return Manufacturing 112

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

Withum

JANUARY 8, 2024

Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore and Aza Ghazaryan on their Thriving in their 40s list for 2023. Christopher Passmore , CPA, MBA, specializes in assurance and business consulting services to emerging and middle-market companies and leads Withum’s Los Angeles office as the Partner in Charge. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and em

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Real Estate CPA Manufacturing Tax 112

CPA Practice

JANUARY 8, 2024

With the 2024 tax filing season starting later this month, the IRS is launching a special Tax Professional Awareness Week , from Jan. 8-14, 2024, to assist tax professionals on what to expect during the filing season and start the year on the right foot. The special week is the IRS’ latest effort in support of taxpayers and the tax community. Each year, millions of taxpayers seek the help of tax professionals to prepare their federal tax returns and other filings.

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Tax tax return income tax Minnesota 111

Accounting Today

JANUARY 8, 2024

The agency is anticipating over 128.7 million individual tax returns by the April 15, 2024, tax deadline.

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Tax tax return income tax 137

Going Concern

JANUARY 8, 2024

We’re now a week into the new year, is it starting to feel like it for you? This is how I feel. To be completely honest, I’d much rather be flinging myself off buildings looking for sparkly moons than whatever it is I do here. Rebecca Chen, who has worked in the industry herself, wrote this for Yahoo! Finance. The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% mo

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Tax Account accountant accounted 104

ThomsonReuters

JANUARY 8, 2024

Jump to: Automation of routine tasks Enhanced data analysis Improved compliance and risk management Streamlined processes Enhanced client services Embrace the transformative power of AI in the tax and accounting profession In 2023, AI has become an integral part of tax and accounting professionals’ processes by streamlining operations, enhancing accuracy, and enabling professionals to focus on higher-value tasks.

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Tax Account accountant accounted 101

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. With nearly 20 years of industry experience, Jeanne leads the Not-for-Profit practice at Anders, working with organization leadership, executive directors and board members to help them better understand the financial reporting process.

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Missouri audit accounting principles accounting standards 98

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CPA Practice

JANUARY 8, 2024

Updated: Jan. 8, 2023 , 2:09 pm ET. The IRS has announced that it will start accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

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Tax tax return income tax Massachusetts 98

Summit CPA

JANUARY 8, 2024

A fractional CFO is a financial expert that provides the job functions of a Chief Financial Officer but on a part-time basis. They often work with multiple clients rather than working for one company.

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CPA 98

CPA Practice

JANUARY 8, 2024

Top 200 accounting firm Saltmarsh, Cleaveland & Gund has combined with fellow Florida CPA firm Ruggiero, Martinez & Norton (RM&N), based in Winter Park. Financial terms of the deal weren’t disclosed. Partner Lou Martinez and the entire team of 13 RM&N professionals joined Pensacola-based Saltmarsh on Jan. 1 and will continue to serve clients from their Winter Park office.

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Florida cpa firm audit CPA 98

Withum

JANUARY 8, 2024

In this two part video series, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , sits down with Turbine’s Emilie Schario to discuss e-commerce operations. E-Commerce Operational Essentials – Part 1 In Part 1 of this interview, Withum Partner and E-Commerce Practice Co-Leader, Lonnie Bloom , and Turbine CEO and Founder, Emilie Schario , discuss Emilie’s background and how she founded Turbine, the three-way match, and the order-to-cash process.

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E-commerce 98

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

JANUARY 8, 2024

If you haven't received a notice of nomination for the 2024 ProAdvisor Awards then we suggest you just go ahead and nominate yourself! And while you are nominating yourself, nominate another deserving ProAdvisor as well.

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Accounting Today

JANUARY 8, 2024

As the calendar rolls forward to 2024, and 2023 for good or bad recedes into the rearview mirror, the crypto sector and accounting professionals are attempting to plan for the future.

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Account accountant accounted Technology 99

Patriot Software

JANUARY 8, 2024

You might have heard about per diem pay before. But, are you familiar with Publication 1542? Learn more about Publication 1542 per diem rates and how to calculate per diem pay below. Publication 1542 Per diem is a daily rate employers give employees to cover business-related traveling expenses.

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payroll 89

Accounting Today

JANUARY 8, 2024

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

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auditor audit 82

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

Withum

JANUARY 8, 2024

The IRS released two pieces of favorable guidance on Friday, December 22, 2023, clarifying the definition of contract research and identifying automatic changes in accounting methods for the 2023 taxable year in relation to Section 174 research and experimental (“R&E”) expenditures. While taxpayers are still waiting for Congress to pass legislation allowing immediate expensing of Section 174 research and experimental expenditures, the IRS clarification may provide some relief for software de

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tax return audit Tax income tax 78

Accounting Today

JANUARY 8, 2024

Practitioners have always shared advice as part of tax prep, but the future of the field is in proactive, intentional tax advisory services.

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Tax tax planning accounting firms Account 94

Insightful Accountant

JANUARY 8, 2024

If you use the QuickBooks Desktop Payroll Set-up Wizard, you may encounter an Error. There is a fix available.

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quickbooks payroll 89

Accounting Today

JANUARY 8, 2024

The deal includes speeding up $10 billion in cuts to the Internal Revenue Service.

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Government Tax 112

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.

CPA Practice

JANUARY 8, 2024

By Joe F. Schmitz Jr., CFP, ChFC, Kiplinger Consumer News Service (TNS) I once had a guy reach out to me who said, “Joe, I’ve been reading your book, watching your videos and reading your articles. I’m ready to trust your team with the $1 million in my 401(k) that I’ve saved over the last 30 years.” This was a big moment for him, and he had done a great job up to this point.

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Tax Start-ups Washington tax planning 59

Accounting Today

JANUARY 8, 2024

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ethics rules for accountants.

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audit Account accountant accounted 75

Anders CPA

JANUARY 8, 2024

Like most professionals, lawyers think if they do good work (and a lot of it), good things (like revenue) will happen. Sometimes good things do happen, but to ensure steady growth, every firm needs to focus on value drivers. But lawyers don’t create firms because they love balance sheets, data entry and double-entry accounting. Often times, the attorneys that decide to strike out on their own are doing so because they truly love the practice of law, not the work of running a business.

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Account accountant accounted Non-Profits 52

Accounting Today

JANUARY 8, 2024

The struggles at smaller companies could create opportunities for professionals that help companies restructure their debt and turn themselves around.

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Finance

DMCL

JANUARY 8, 2024

Numbers? Crunched. CFE? Crushed. They came, they wrote, they conquered the Common Final Exam (CFE). Congratulations to our newest class of soon to be accredited Chartered Professional Accountants! L-R: (Back Row) Sam Raeisi, Matthew Gazley, Liam McAllister, and Tommy Tang; (Third Row) Stephen Kamyszek, Brittney Lyons, and Ekjot Singh; (Second Row) Kiran Ghangus, Sam Choi, Kaylie Foskett, and Jeff Hinds; (Front Row) Satinder Singh, Phoebe Huynh, Noah Lubberding, Joyce Luo, and Omar Castro-Garcia

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Account accountant accounted CPA 52

Accounting Today

JANUARY 8, 2024

The Governmental Accounting Standards Board released guidance requiring state and local governments to disclose information about certain risks.

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accounting standards Government Account accountant 68

CPA Practice

JANUARY 8, 2024

BDO raked in $14 billion in revenue globally for the financial year ending Sept. 30, 2023, up 10.2% from $12.8 billion in 2022. Pat Kramer “I’m proud of our robust financial performance in 2023, with broad-based revenue growth across all regions and service lines, building on an impressive 60 years of success,” BDO Global CEO Pat Kramer said in a statement.

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audit Tax Technology 52

Accounting Today

JANUARY 8, 2024

Here's a look back at some of the best pieces of advice from this past year.

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Account accountant accounted 93

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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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