MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. What is an S Corporation? An S Corporation is a type of corporation that meets specific Internal Revenue Service (IRS) tax code requirements. The biggest feature of an S Corporation is that it provides its owners with limited liability protection, while allowing income and losses to be passed through t

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corporation tax Tax tax return Non-Profits 130

CPA Practice

NOVEMBER 17, 2023

The IRS said on Friday that it will not raise interest rates for the first calendar quarter of 2024. Beginning on Jan. 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily. Here is a complete list of the Q1 2024 rates: 8% for overpayments (payments made in excess of the amount owed), 7% for corporations. 5.5% for the portion of a corporate overpayment exceeding $10,000. 8% for underpayments (taxes owed but not fully paid). 10% for large corporate u

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Tax 122

Accounting Today

NOVEMBER 17, 2023

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

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CPA Practice

NOVEMBER 17, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Claiming the child tax credit and other family tax credits and deductions can lower your tax liability or increase your refund. But which credits and deductions you qualify for can change from year to year. And the amounts of the credits and deductions can also change, since many are adjusted yearly for inflation.

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Tax income tax tax return Minnesota 116

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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Accounting Today

NOVEMBER 17, 2023

Plus, Sage releases new Intacct features; Liscio unveils new upgrades aimed at enhanced client experience; and other accounting tech news.

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CPA Practice

NOVEMBER 17, 2023

The Department of the Treasury and the Internal Revenue Service has issued proposed regulations that provide guidance under a new section of the law that disallows deductions for certain charitable conservation contributions by partnerships and other pass-through entities. Syndicated conservation easements have been included in the IRS’ annual list of Dirty Dozen tax schemes for many years.

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Tax Retail income tax 115

CPA Practice

NOVEMBER 17, 2023

AuditBoard, the leading cloud-based platform transforming audit, risk, IT compliance, and ESG management, has released its 2024 Focus on the Future report based on an annual survey of risk management and internal audit leaders across North America. The report reveals a growing gap between risk and assurance teams’ capacity to effectively manage risks and the reality of today’s state of “permacrisis,” an extended period of instability and insecurity marked by one disruptive crisis following anoth

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audit Technology auditor Government 104

Withum

NOVEMBER 17, 2023

Withum is excited to share that Zack Smith , Team Leader of the Real Estate Valuation Practice , has been appointed to the Board of Directors of the Upstate New York Appraisal Institute. The institute sponsors appraisal education, including courses and seminars that help professionals earn continuing education credits. As a member of the board, Zack will assist in administering these programs.

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Accounting Today

NOVEMBER 17, 2023

Revised financial statements mark an attempt to "turn the page" for the scandal-struck Brazilian retailer

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Randal DeHart

NOVEMBER 17, 2023

If you have been lucky enough to encounter generous people, you understand they have a unique gift for garnering the respect and admiration of individuals around them. When you are a leader, having a positive relationship with the people who follow you is a huge asset you cannot put a price on. In the construction business, generosity and helpfulness are two fundamental traits that can make a business successful.

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Construction Finance 93

Advertiser: Paycor

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.

KROST

NOVEMBER 17, 2023

KROST is attending the second annual CalCPA Los Angeles & Inland Empire Mt. SAC Accounting Conference. The event is in partnership with Mt. San Antonio College, where the conference will be held on Saturday, November 18th, from 7:00am to 2:00pm. This is a perfect opportunity for college and university students to hear firsthand experiences from Read the full article.

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Account accountant accounted public accounting 89

Patriot Software

NOVEMBER 17, 2023

On January 1, 2024, employers with employees working in Minnesota are responsible for a new workplace standard—offering paid sick leave. How much do you know about the Minnesota paid sick leave law, known as Earned Sick and Safe Time?

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Minnesota payroll 81

Accounting Today

NOVEMBER 17, 2023

The regulations address new subsections of the law from the SECURE 2.0 Act.

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Tax 117

AccountingDepartment

NOVEMBER 17, 2023

We are thrilled to announce that Episode 6 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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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

NOVEMBER 17, 2023

A recent survey says a large majority of firms enjoyed increased revenue and profit this year, based partially on growing client advisory services and the adoption of value-based pricing.

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accounting firms management accounting management accounts Account 75

Ronika Khanna CPA,CA

NOVEMBER 17, 2023

In a recent study by H&R Block, nearly 28% of Canadians reported taking on a side hustle in the “gig economy” to boost their income. This is a significant increase from 2022 in which the analogous percentage was 13%. This is likely a result of inflationary pressures and the expansion of opportunities available for flexible work. What is the Gig Economy?

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Tax E-commerce audit income tax 52

Accounting Today

NOVEMBER 17, 2023

How CPA firms can mitigate these risks with a hosting partner.

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cpa firm CPA Technology 98

CPA Practice

NOVEMBER 17, 2023

Date: Tuesday, December 12, 2023 Time: 3 PM ET /2 PM CT / 12 PM PT / 8 PM GMT Sponsor: Canopy Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. The writing is on the wall. The standard business model for accounting firms is reactive and transactional – and it’s on life support.

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Tax Indiana CPA Education 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

Insightful Accountant

NOVEMBER 17, 2023

Canopy, an accounting software provider, unveiled on November 16, Canopy Engagements. This new feature empowers accountants to automate client experiences through professional engagement letters and proposals directly within the Canopy suite.

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Account accountant accounted accounting software 52

Cherry Bekaert

NOVEMBER 17, 2023

GSP North America (GSP) is a leading aftermarket manufacturer and distributor offering superior Automotive Aftermarket Parts in North and Latin America. Headquartered in China, GSP manufacturers and distributes their products globally through a series of distribution centers throughout North America, China and Europe. GSP engaged Cherry Bekaert’s Digital Advisory and Risk & Accounting Advisory practice to be their reliable one-stop tech shop for all their technology needs.

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Manufacturing Technology E-commerce accounting and finance 52

Insightful Accountant

NOVEMBER 17, 2023

Judie McCarthy, Co-founder of Client Hub, walks you through the product to highlight the critical features to show you how Client Hub can help to significantly increase productivity in your firm and deliver an amazing client experience.

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Accounting Insight

NOVEMBER 17, 2023

Today, investment platform Lightyear announces the highly anticipated launch of Spanish stocks. Lightyear has connected with Madrid and Barcelona stock exchanges to offer Spanish investors the chance to buy into the IBEX 35, where 35 of Spain’s biggest companies are listed. Recent data shows that investment in funds has quadrupled in the last decade, 1 but worryingly, few Spanish people invest. 2 The fintech aims to change this with transparent and low-cost access to international markets and it

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Account accountant accounted Finance 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.

Canopy Accounting

NOVEMBER 17, 2023

In the ever-evolving world of finance, cryptocurrency has emerged as a revolutionary digital asset class. Powered by blockchain technology, a decentralized and transparent ledger system, cryptocurrency enables secure online transactions and offers unique opportunities for investment. With its potential to disrupt traditional financial systems, cryptocurrency has garnered significant attention from individuals and institutions alike.

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Account accountant accounted Finance 52

FraudFiles

NOVEMBER 17, 2023

Would you recognize the clues that your client has been ripped off by one of its employees? Or would management conduct business as usual, blindly trusting their employees? Companies make the mistake of not actively searching for fraud.

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Accounting Today

NOVEMBER 17, 2023

Rajiv Uppal will begin assisting with the agency's transformation work in early 2024.

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Technology Tax 70

Canopy Accounting

NOVEMBER 17, 2023

You know you should use engagement letters in your tax resolution cases, but you need to figure out what your engagement letter should look like. Or you've finally decided to update the same old letter you've used for years. You may be fine-tuning your current letter, intent on taking it from great to flawless. Regardless, in seven simple steps, you're in the right place to learn how to construct an engagement letter properly.

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Construction Tax 40

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Accounting Today

NOVEMBER 17, 2023

These six strategies might improve the flow of young people into the profession.

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Cherry Bekaert

NOVEMBER 17, 2023

In response to President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence (AI) , Cherry Bekaert stands at the forefront of innovative solutions that can help various clients navigate this evolving potential risk landscape. The Executive Order is a significant step for the United States in supporting AI. It plans to ensure AI development is safe, secure, private, fair and responsible.

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CPA Practice

NOVEMBER 17, 2023

By Jim Wyss and Angelica Serrano-Roman, Bloomberg News (TNS) A group of U.S. lawmakers is asking tax authorities to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico. Twelve Democratic members of the House of Representatives asked the IRS on Friday to expedite a congressional request for information about efforts to root out people allegedly abusing Puerto Rico’s tax benefits.

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Accounting Today

NOVEMBER 17, 2023

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

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Tax audit 115

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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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