Mon.Jul 03, 2023

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit. In this FAQ article, we dive into the intricacies of ERC IRS audit representation , answering common questions and shedding light on the audit process, rights

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IRS warns of new scam involving unclaimed refunds

Accounting Today

The Internal Revenue Service is cautioning taxpayers to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking for personal info.

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IRS Has Improved Services, But Still Needs Work, Says Taxpayer Advocate

CPA Practice

By Kiplinger Consumer News Service (via TNS). The IRS has made significant progress processing its backlog of most tax returns and has cut telephone hold times, according to the Taxpayer Advocate Service (TAS). But other IRS services are still lacking. A review of the 2023 filing season identified the shortfalls. “The taxpayer experience vastly improved during the 2023 filing season.

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SEC's use of in-house judges will get Supreme Court review

Accounting Today

The Supreme Court will review a ruling that cast a constitutional cloud over the use of in-house judges to handle cases pressed by the Securities and Exchange Commission.

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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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5 Common Challenges That Financial Controllers Face

AccountingDepartment

Managing the accounting department is a vital task for any company. As the ultimate authority on the organization's financial affairs, the Financial Controller oversees all aspects of financial operations, from day-to-day tasks to long-term strategic planning. To excel in this role, the controller must possess exceptional skills in data analytics, team management, communication, and financial technology.

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7 reasons CAS is right for you

Accounting Today

If your ambition is to deliver premium services to your clients, the time to turn the spotlight on client advisory services is this very moment.

More Trending

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Tax pros worried about impact of BEPS and ChatGPT

Accounting Today

Global tax professionals are concerned about the impact of the OECD's base erosion and profit shifting plan, as well as artificial intelligence technology.

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Dext appoints Emily Westgate as new CMO

Accounting Insight

Dext , the pre-accounting platform, has today announced the appointment of Emily Westgate as the new Chief Marketing Officer. Westgate joins Dext from Signal AI, the external intelligence company, where she was key to driving the company’s messaging and growth. With over 20 years of experience, Westgate is an experienced marketing leader in high growth and corporate environments within the technology industry.

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Thomson Reuters adding AI to tax software

Accounting Today

The company plans to invest $100 million per year in artificial intelligence starting next year, with plans to integrate the technology in its tax research and tax preparation systems as well as other areas.

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Happy 4th-of-July, 2023

Insightful Accountant

The U.S. Congress proclaimed "The Star Spangled Banner" as our National Anthem in 1931. Let us all show how "proud we are to be Americans" on this July 4th by flying the 'Star Spangled Banner' high!

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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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Kraken ordered to turn over its users' information to the IRS

Accounting Today

The ruling comes amid a deepening U.S. crackdown on cryptocurrency.

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Chicago Minimum Wage Increase Takes Effect July 1, 2023

Nancy McClelland, LLC

Chicago Office Of Labor Standards Minimum Wage Chart The City of Chicago and Cook County both saw increases to their minimum wage requirements as of July 1, 2023 (they have fiscal years that end June 30, which is why we see their updates at this time each year, rather than January 1, which is when the State of Illinois changes usually go into effect).

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July 2023 Employee Spotlight: Roxanne Raynor

Summit CPA

As a hybrid firm , not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.

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Art of Accounting: 500th column

Accounting Today

Ed Mendlowitz has reached a landmark in his weekly articles for Accounting Today.

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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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How Accounting Pros Can Leverage Technology to Overcome the Biggest Struggles

CPA Practice

By James Paille, CPP. The top five biggest challenges for firms in 2023 include the war for talent, rising salaries, a capacity crunch, burnout and staff retention. Further, keeping up with tech, the price of IT and cybersecurity also fall within the top 10 concerns. This is unsurprising as more than 300,000 accountants have left their jobs in recent years, and technology continues advancing to include cloud and automation.

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Original Hype Man and Coffee Enthusiast Peter “Sugar Bear” Olinto is Leaving Becker

Going Concern

We had to go way back in the archive for this image. In a LinkedIn post on Friday , Becker superinstructor and the man single-handedly propping up the coffee shop industry Peter Olinto announced that he is leaving Becker. “I am NOT RETIRING!!” he said in a follow-up comment. He writes: Hello LinkedIn connections and current/former students.

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