Anders CPA

NOVEMBER 21, 2023

Year-end is approaching fast, which means this is the perfect time for businesses to make some final adjustments to their tax planning strategies. Exploring options such as a de minimis safe harbor election or purchasing assets to take advantage of 2023’s bonus depreciation of 80% could have a big impact on a business’s tax burden come April. Consulting with a trusted tax professional to determine your eligibility for certain deductible activities is the best way to maximize your tax savings.

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tax planning Tax financial statements tax return 64

TaxConnex

NOVEMBER 21, 2023

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax. Whether you’re managing sales and use tax for your clients or not, you've most likely come across situations where your clients want to sell their businesses, secure outside capital, or ensure they’re not at risk from previous exposure.

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cpas Sales Tax audit 147

BurklandAssociates

NOVEMBER 21, 2023

As of 2023, all states have enacted economic nexus legislation. Every business must understand state requirements and evaluate the tax implications. The post State Sales Tax Liability Continues to Evolve for US Startups appeared first on Burkland.

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Sales Tax 130

CPA Practice

NOVEMBER 21, 2023

By Liz Weston, CFP, NerdWallet (TNS) Many companies try to help their workers to save for retirement. Employers often offer 401(k)s, company matches and automatic enrollment to encourage saving. Much of that effort goes to waste, though, when employees leave. A study published last year in Marketing Science , a peer-reviewed research journal, found more than 40% of departing workers cashed out at least part of their 401(k)s, and most of those drained every dime.

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Colorado Education Texas 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.

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Going Concern

NOVEMBER 21, 2023

It turns out accountants are more okay with their lot in life than anyone thought. Very okay. ShareFile has released a report called Automation: Putting Accounting on the Right Path with a surprising stat in it: But when it comes to doing their job, over 90% of accountants are satisfied with their current job (95%) and the company they work for (94%).

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CPA Practice

NOVEMBER 21, 2023

Accountants play a huge role in estate planning—from knowing your client’s asset and property values inside out to helping them plan how to manage and distribute these assets in case of an unplanned death. More often than not, people with no estate plans leave behind a huge deal of mental stress on their loved ones on how to manage and distribute properties which often leads to disagreements, on top of the emotional distress caused by death.

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Account accountant accounted Legal 112

CPA Practice

NOVEMBER 21, 2023

By Shalene Gupta, Fast Company (TNS) Legislators are increasingly requiring employers to disclose wages in their job postings. ZipRecruiter surveyed 2,000 hiring managers and recruiters in the United States and asked them how pay transparency impacted recruiting and hiring efforts. Here are some of the findings: Pay transparency is now standard: 72% of employers said they post salary information on all postings, 18% said they only disclose pay in states where it’s required, and 10% said they d

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Insightful Accountant

NOVEMBER 21, 2023

Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger. It's a way to 'ledger' client data, validate it, and pass it on for tax preparation.

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quickbooks tax preparation Tax 102

CPA Practice

NOVEMBER 21, 2023

By Shalene Gupta, Fast Company (TNS) As the saying goes, money can’t buy happiness, but millennials and Gen Z would beg to differ. Empower, a financial services company, surveyed over 2,000 Americans over the age of 18 to understand what financial happiness looks like. While money can’t buy everything, it manages to buy a lot of the things that make for a happy life.

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Cherry Bekaert

NOVEMBER 21, 2023

The National Academy of Public Administration’s Agile Government Center Coordinator, G. Edward DeSeve , joined Cherry Bekaert’s Advisory Leader, Srikant Sastry , in a conversation with Department of Veterans Affairs (VA) Deputy Chief Veterans Experience Officer Barbara Morton. With trust in government at an all-time low, Ed and Srikant explored what was driving VA’s improved Veteran satisfaction and how it could help restore trust.

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Government 100

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AccountingDepartment

NOVEMBER 21, 2023

The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact. Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax.

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Manufacturing Tax Sales Technology 90

Cherry Bekaert

NOVEMBER 21, 2023

At the closing panel for Cherry Bekaert’s recent 2023 Modernizing Manufacturing Symposium, two leaders reflected on CEO success and shared practical, hands-on advice for mid-market manufacturing leaders looking to better manage talent, AI and macroeconomic factors. The interactive session featured Marshall Cooper, CEO of Chief Executive Group, and Bob Nardelli, founder of XLR-8.

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Manufacturing Transportation Start-ups Technology 98

Insightful Accountant

NOVEMBER 21, 2023

For the 2nd year in a row, the IRS has delayed the implementation of the 1099-K $600 Rule regarding payment service reporting.

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Accounting Today

NOVEMBER 21, 2023

Five types of return are projected to increase in volume by more than 45% in FY 2023.

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tax return Tax 120

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.

KROST

NOVEMBER 21, 2023

In the world of financial transactions and business operations, staying compliant with tax regulations is essential. One often-overlooked yet critical aspect is the proper handling of Form W-9: Request for Taxpayer Identification Number and Certification. In this blog post, we’ll delve into the importance of Form W-9, its role in vendor payments, the types of Read the full article.

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Tax accounting software tax accountant Account 77

Accounting Today

NOVEMBER 21, 2023

The annual IRS announcement could affect certain clients seeking to avoid bumping up against higher rates when they file their federal income taxes.

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Tax income tax 89

Withum

NOVEMBER 21, 2023

On November 13, 2023, New York Governor Kathy Hochul announced the release of statewide proposed cybersecurity regulations for hospitals. If adopted by the Public Health and Health Planning Council this week, the regulations will be published in the State Register on Dec. 6, with a 60-day public comment period ending on February 5, 2024. The proposed regulations aims to strengthen the protections on hospital networks and systems that are critical to providing patient care, complimenting existin

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New York Hospitality Healthcare 72

Mark Lee

NOVEMBER 21, 2023

One of the strangest things I hear about from accountants are how many clients they have who R eject, A void and S hun H elp. Do you have any like that? They still pay your fees but you’re not sure that you are doing your best for them. Years ago I only seemed to hear about clients who were a pain to deal with, slow to respond, overly fee conscious and/or rude and unpleasant.

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Account accountant accounted Tax 94

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

CPA Practice

NOVEMBER 21, 2023

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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Kentucky CPA Tax tax return 64

Going Concern

NOVEMBER 21, 2023

Hey the news is slow, let’s look at the PCAOB’s fiscal 2024 budget that the Board approved on November 16. TL;DR the budget is $384.7 million, an 11 percent increase over 2023, and provides funding for 946 positions. Costs appear below: Said the PCAOB: The 2024 budget reflects the resources expected to be required in 2024 for the PCAOB to carry out its statutorily mandated responsibilities under the Sarbanes-Oxley Act and achieve the goals and objectives as set forth in its 2022-2026

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audit Non-Profits Tax Account 62

CPA Practice

NOVEMBER 21, 2023

Data from Bank of America shows that average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans. The number of participants taking hardship distributions increased 36% year-over-year, following increases in first quarter this year.

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Account accountant accounted 59

Accounting Insight

NOVEMBER 21, 2023

Chancellor Jeremy Hunt is set to deliver the Autumn Statement on Wednesday. As an experienced minister Hunt is unlikely to deliver anything that will keep accountants awake at night, but there are several likely changes that will be of great interest. Potential for Tax Cuts In the last few months there has been a lot of chatter about the potential for tax cuts in the Autumn Statement.

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income tax Account accountant accounted 59

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Accounting Today

NOVEMBER 21, 2023

Accountability Services merged with Boulder Valley CPAs; and Abip CPAs & Advisors added Matthews & Johnson CPAs and Brehm, Havel & Co.

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cpas Account accountant accounted 65

Menzies

NOVEMBER 21, 2023

Menzies LLP - A leading chartered accountancy firm. As the Cryptoasset and NFT space continues to grow and evolve, us as tax advisors are keen to provide compliance and technical advice and allow our clients (both individuals and businesses) to plan ahead with the peace of mind they are accurately reporting the relevant and necessary details to HM Revenue and Customs.

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chartered accountant income tax corporation tax Tax 52

Insightful Accountant

NOVEMBER 21, 2023

Royalwise is becoming an App Partner, offering QBO training to bookkeepers, business owners, and accounting firms. Our courses fill the gaps in knowledge and are NASBA CPE approved.

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bookkeeping accounting firms Account accountant 52

Reckon

NOVEMBER 21, 2023

As the end of the year roars into view, it’s time to start preparing your business now , before things get hectic. The holiday season brings with it a range of challenges and business opportunities, so don’t drag your feet. Now that we’re nearing the end of November 2023, it’s wise to consider your business to-dos before you’re scrambling to buy Christmas presents and wondering what you’re doing for New Year’s Eve. 1) Plan for continued inflation and high cost of living in 2024 It’s a strong pos

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Hospitality payroll Sales Start-ups 52

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Insightful Accountant

NOVEMBER 21, 2023

Publisher, Gary DeHart, sat with Anchor Co-Founder and CRO and learned what Anchor does and how accounting professionals leverage automations to improve their workflow, cash flow and EBITDA so they can "auto-relax".

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Account accountant accounted 52

Reckon

NOVEMBER 21, 2023

Guest post by Alexey Kutsenko. According to a recent survey , 37% of respondents do not feel secure in their workplace. This is the stark truth that employers are facing, and it’s a challenge they must meet. But how? Keeping up with the latest workforce management trends seems to be the savvy way forward. Workforce management is not a walk in the park.

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Technology payroll Gaming 52

Insightful Accountant

NOVEMBER 21, 2023

With 316k+ bookkeeping/payroll businesses & 46k+ CPA firms in the US, competition is intense. To grow & charge higher fees, differentiate your brand & business for a healthier bottom line.

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cpa firm bookkeeping payroll CPA 52

ThomsonReuters

NOVEMBER 21, 2023

Jump to: Set engagements and expectations for next year Address economic pressures that are top of mind Advise on tax planning topics As the year comes to a close, most accounting firms are guiding clients through the complexities of year-end tax planning. In the midst of this busy time, it’s important to think ahead and start preparing for changes that can bring longevity and success to your firm in the year ahead.

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tax planning Tax payroll tax Education 52

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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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