CPA Practice

APRIL 16, 2024

By Alex Tanzi. Bloomberg News (via TNS) Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted. Data from the Internal Revenue Service showed that 66.8 million taxpayers were reimbursed through April 5 compared to 69.1 million through April 7 last year. That means that 3.3%, or roughly 2.3 million, fewer Americans obtained the boost to their finances that they got in 2023.

Tax 45

Tax tax return Finance 45

BurklandAssociates

APRIL 16, 2024

Burkland’s Fractional CFO team shares a list of cost-saving tips that venture-backed startups can employ to optimize their financial resources. The post Cost-Saving Tips for Startups: Maximize Your Cash Runway appeared first on Burkland.

Account 130

Account accountant accounted 130

CPA Practice

APRIL 16, 2024

By Lizzy McLellan Ravitch. The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. After graduating from college in 2021, she saw friends in other fields struggling to find work but knew she would be able to find a job. But that doesn’t mean she’s willing to work into the wee hours during busy season.

accounting firms 134

accounting firms Account accountant accounted 134

Accounting Today

APRIL 16, 2024

President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.

Tax 117

Tax income tax tax return 117

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

CPA Practice

APRIL 16, 2024

Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. Census Bureau. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” said National Retail Federation Chief Economist Jack Kleinhenz.

Sales 119

Sales Retail payroll Tax 119

Patriot Software

APRIL 16, 2024

Despite your best efforts, accidents can happen in the workplace. When they do, you must fill out a workplace incident report. OSHA, the Occupational Safety and Health Administration, requires that all employers report qualifying workplace incidents. And, most employers must submit OSHA forms for other injuries and illnesses.

payroll 96

payroll 96

GrowthForceBlog

APRIL 16, 2024

9 min read Building a strong board is essential to your mission's success because a nonprofit's board of directors is a governing body responsible for the leadership of the nonprofit organization. The board should provide foresight, oversight, and insights to improve the organization as a whole, helping it to accomplish its mission. Key Takeaways 10 Qualities of a Good Board Member: The curation of a strong nonprofit board relies on the selection of high-quality, individual board members.

Government 87

Government Account accountant accounted 87

CPA Practice

APRIL 16, 2024

By Araceli Crescencio, Inc. (TNS) It’s no secret that happy employees are more productive. However, according to a recent report from insurance giant MetLife, Gen Zers are the least happy employees of any generation. Only 62% of surveyed Gen Z workers reported being happy with their job, compared with 67% of boomers, 66% of Generation X, and 66% of millennials.

Maine 109

Maine 109

Accounting Today

APRIL 16, 2024

The Internal Revenue Service is extending tax relief on required minimum distributions from retirement accounts not made in 2024 after providing similar relief in recent years.

Tax 90

Tax Account accountant accounted 90

CPA Practice

APRIL 16, 2024

By Nicole MacMillan. While other sectors of the economy are still wrestling with the dilemma of “if, when, and how” to bring their employees back to the office post-pandemic, statistics show that in the accounting profession, the remote workforce remains strong–and by many firms, is the preferred staffing model for the foreseeable future. The ConvergenceCoaching ATAWW Survey shows that the percentage of firms allowing their team members to work remotely in 2022 nearly doubled to 80 percent.

accounting and finance 105

accounting and finance Entertainment Start-ups Account 105

Advertiser: Paycor

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Insightful Accountant

APRIL 16, 2024

Murph takes you through the steps to set up QuickBooks Online Expense Claims. Next time he will look at the process for submitting them.

quickbooks 98

quickbooks 98

CPA Practice

APRIL 16, 2024

Although accounting firms have made significant progress in adopting new technology over the last few years, and many are planning to increase the attention and budget they devote to technology going forward, the use of artificial intelligence isn’t in the cards for many practices—at least not yet, according to a new survey from Rightworks. The online survey of 493 decision makers and influencers at accounting, tax, and bookkeeping firms nationwide, which was conducted last September, found that

accounting firms 96

accounting firms Account accountant accounted 96

Accounting Today

APRIL 16, 2024

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

payroll tax 122

payroll tax payroll Tax CPA 122

KROST

APRIL 16, 2024

KROST’s M&A and Capital Markets Principal, Paren Knadjian, will be attending DealMAX in Las Vegas, Nevada, from April 28th to May 1st. The event brings together high-performing leaders and high-quality targets in one place, allowing for many opportunities to efficiently identify and connect with others. The four-day conference will include one-on-one meetings with M&A professionals, Read the full article.

Nevada 84

Nevada 84

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.

Accounting Today

APRIL 16, 2024

A recent poll from Rightworks has found that 73% of accountants are not using AI and 35% have no plans to do so in the future.

Account 100

Account accountant accounted 100

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. According to court documents and statements made in court, from at least 2013 through 2021, Michael L. Meyer, of Davie, Florida, used his skills as an attorney and certified public accountant to promote his fraudulent tax shelter called “The Ultimate Tax Plan.

Florida 52

Florida Tax tax planning Ohio 52

Accounting Today

APRIL 16, 2024

The number of individual income tax returns received rose by more than 17.5% in just one week, as tax season entered its final stretch.

Tax 126

Tax income tax tax return 126

CPA Practice

APRIL 16, 2024

Deloitte’s reign as the most prestigious accounting firm in the U.S. was short-lived, as PwC has regained that title for 2025, according to Vault.com, a website that provides career resources and advice to students and job seekers. Deloitte ended PwC’s 14-year streak of being the most prestigious firm in Vault’s 2024 ranking , which was released in April of last year.

accounting firms 52

accounting firms Account accountant accounted 52

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

Accounting Today

APRIL 16, 2024

Fewer U.S. taxpayers have received a refund this year in the run-up to tax day compared to 2023, signaling some consumer spending may be disrupted.

Tax 92

Tax 92

CPA Practice

APRIL 16, 2024

Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today announced that Ross Tennenbaum has been appointed President. In his new, expanded role, Tennenbaum will be responsible for driving company-wide improvements and ensuring the success of every Avalara customer around the globe. As Avalara President, he will oversee the majority of Avalara’s business operations including Avalara AvaTax for sales and use tax calculations, Avalara Returns, Avalara

Legal 52

Legal Tax Finance Sales 52

Accounting Today

APRIL 16, 2024

PricewaterhouseCoopers said it will investigate an anonymous letter circulating on social media that made "false allegations" about the company and its partners over its role in auditing China Evergrande Group.

audit 75

audit Account accountant accounted 75

CPA Practice

APRIL 16, 2024

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added ntegration of depreciation and amortization tax savings strategies into Instead and Instead Pro. With Instead and Instead Pro, users can utilize depreciation to find and compare tax savings for assets categorized as residential, nonresidential, technology and electronics, office furniture and fixtures, vehicles, land improvements and specialty properties.

Tax 52

Tax accounting firms Account accountant 52

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

APRIL 16, 2024

Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.

Tax 70

Tax Finance 70

Cherry Bekaert

APRIL 16, 2024

The Governmental Accounting Standards Board (GASB) recently issued Statement No. 102, which adds new disclosure requirements for governments. Numerous risks loom over state and local governments, which could impair their service delivery or hinder their capacity to fulfill obligations in a timely manner. While certain risks demand disclosure, many others that commonly plague these governments have not been disclosed because they were not explicitly required.

Government 52

Government accounting standards financial statements audit 52

Accounting Today

APRIL 16, 2024

The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.

Technology 92

Technology Finance Account accountant 92

Canopy Accounting

APRIL 16, 2024

Presenters: Michael Salmon , Canopy Eric Bonney , Managing Shareholder, Harvest Tax & Accounting Services Rekha Nomula , Operations Manager, AppleTree Business Services

Tax 52

Tax Account accountant accounted 52

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Finance

Accounting Today

APRIL 16, 2024

A set of frequently asked questions from the IRS says the benefit can be excluded from income.

Tax 90

Tax 90

Summit CPA

APRIL 16, 2024

Jamie and Jody welcome Goran Kovacevic, Vice President of Business Development at Infinum, to discuss business development within a creative agency.

52

52

Accounting Today

APRIL 16, 2024

Top 25 firm Marcum has released a new AI tool called AskMarcum.ai, which has been in development for 18 months and is already being used by its professionals.

62

62

Going Concern

APRIL 16, 2024

h/t to the tipster who sent this over and also totally made my day. I only wish this story hadn’t come out on the same day we already published a Trump-adjacent article. Also warning: this is long. ChatGPT TLDR summary: The Supreme Court is debating whether Capitol rioters can be charged with Sarbanes-Oxley violations for obstructing Congress during the January 6 riot.

Construction 96

Construction Government New York audit 96

Advertisement

"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.

cpa firm