KROST

JANUARY 9, 2024

The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. In this article, we will examine the multifaceted influence of AI on the daily activities of Certified Public Accountants (CPAs). Many have used or at least heard of Read the full article.

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TaxConnex

JANUARY 9, 2024

We are excited to announce the completion of our fourth annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax.

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Sales Tax audit Education 222

Withum

JANUARY 9, 2024

Many questions have surfaced amongst auto dealerships regarding seller and transfer reports and how to properly report them on the IRS Energy Credit Online Portal. While the roll-out of the portal has been bumpy, the Internal Revenue Service (“IRS”) is working through the problem areas as they are presented. The updated IRS guidance regarding these items as of January 8, 2024, is highlighted below.

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income tax tax return Sales Tax 126

CPA Practice

JANUARY 9, 2024

By Shane Westra. In recent years, the integration of Artificial Intelligence (AI) and Machine Learning into accounting firms has been on the rise, bringing both opportunities and challenges. As these technologies become more embedded in daily operations, it is crucial to keep a balanced perspective, particularly regarding the security of sensitive data.

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accounting firms Account accountant accounted 122

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

Accounting Today

JANUARY 9, 2024

International tax professionals are concerned that multinational companies could be facing the prospect of double taxation as a result of the OECD's tax changes, according to a new survey by EY.

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CPA Practice

JANUARY 9, 2024

The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the 12th and largest group to date to complete its award-winning Mary T. Washington Wylie Internship Preparation Program. This competitive program is renowned for preparing promising Illinois-based racial and ethnic minority college students interested in pursuing careers in accounting with the skills needed to obtain their first accounting positions and ultimately pursue the certified public

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Illinois Washington CPA cpas 115

CPA Practice

JANUARY 9, 2024

FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology. FreshBooks consolidates accounting, billing, payments, and payroll tools, allowing customers to effortlessly oversee their entire businesses health from one comprehensive platform.

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payroll bookkeeping Technology accounting software 115

Cherry Bekaert

JANUARY 9, 2024

Contributors: Sam McCarthy, Lindsey McCarty Welcome to the 13th episode of “Talkin’ Talent” with Sam McCarthy, MBA! Our guest, Lindsey McCarty, Chief People Officer at Cherry Bekaert, shares insights on navigating HR leadership during acquisitions. We explore key strategies such as transparent communication, talent retention and cultural integration.

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Technology 111

CPA Practice

JANUARY 9, 2024

By Giles Pearson. A recent survey found a whopping 70% of job applicants admit to lying on their resumes. Talk about a resume minefield. Resumes have always been flawed filters that don’t guarantee if someone can actually do the job. As a former PwC partner who hired many staff accountants, I found several candidates lacked expected skills even with fancy resumes.

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Accounting Today

JANUARY 9, 2024

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

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Tax 122

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.

CPA Practice

JANUARY 9, 2024

With the 2024 filing season right around the corner , the IRS is alerting tax professionals about a new round of email schemes in which cybercriminals pose as potential clients looking for tax help. Previously, the IRS has seen a surge in these “new client” scams during tax season where identity thieves target accounting and tax preparation firms with fake emails.

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Tax tax preparation tax return CPA 101

Accounting Today

JANUARY 9, 2024

The deadline for submissions for Accounting Today's Top New Products list for 2023 has been extended to Tuesday the 16th

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Account accountant accounted Technology 113

Insightful Accountant

JANUARY 9, 2024

Murph wants to know what you think, that's why you are invited to a ProAdvisors ProAdvisor "open microphone' Meet-up for the January edition of QB Talks. Let's talk Awards, ProAdvisor Program and QuickBooks Desktop among other topics.

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quickbooks 94

Accounting Today

JANUARY 9, 2024

The state that imposes the most on residents has an individual income tax burden of 4.72%.

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income tax Tax 123

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.

ThomsonReuters

JANUARY 9, 2024

Jump to: Harnessing technology will be central to managing 2024 GMT requirements efficiently Data will be at the crux of everything for GMT in 2024 Securing tech and skills investment will require a powerful business case Global minimum tax in 2024 and beyond In 2024, the new Global Minimum Tax (GMT) regime comes into force under the OECD’s base erosion and profit-shifting (BEPS) reforms.

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Tax Technology income tax audit 88

Accounting Today

JANUARY 9, 2024

Perceived deficiencies in oversight posed a risk that licenses could be granted to applicants lacking financial stability or cybersecurity standards, an audit team wrote.

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audit New York Technology 88

Insightful Accountant

JANUARY 9, 2024

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

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Tax 96

Xero

JANUARY 9, 2024

We have the pleasure of welcoming six new members to our US Xero Partner Advisory Council (XPAC). The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

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Alabama bookkeeping Technology E-commerce 77

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

JANUARY 9, 2024

Small tax firms must see strategic marketing as a necessity, not an option. It plays a crucial role during tax season frenzy.

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Tax 82

Mark Lee

JANUARY 9, 2024

There’s a simple equation: More leads = more clients = more fees = more profits. At least that’s the theory. For the equation to work the leads we generate need to be those we want. Typically that means people who need and can afford our services; and who are the type of people who we would be happy to have as clients. Generating the wrong leads ends up being rather frustrating.

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Start-ups Tax Gaming Account 93

CPA Practice

JANUARY 9, 2024

The Institute of Internal Auditors (The IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – has released new Global Internal Audit Standards. The new standards impact businesses of all sizes, industries, and geographic regions. They were designed to help internal auditors – and their organizations – respond better to today’s complex and rapidly changing business environment.

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audit auditor CPA Education 64

Anders CPA

JANUARY 9, 2024

The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) has specific requirements for financial institutions with over $500 million or $1 billion in assets. The measurement date for which these additional requirements become effective is the first day of the fiscal year after the applicable threshold has been crossed. FDICIA applies to individually chartered institutions.

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auditor audit financial statements CPA 64

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 9, 2024

If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. That may not sound like a significant percentage. But could you afford to lose more than one-quarter of the best players on your team, especially during tax season?

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cpa firm CPA accounting and finance Finance 64

Accounting Today

JANUARY 9, 2024

The Institute of Internal Auditors issued a newly updated set of Global Internal Audit Standards, taking effect in January 2025.

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audit auditor Account accountant 73

Accounting Seed

JANUARY 9, 2024

As you step into 2024, you’ve got goals for your company—goals like growing more, serving your clients better, or maybe making a bigger impact. The hard truth? You can’t reach major business milestones if your accounting processes and technologies are outdated. We’re here to help. Here are the top 5 tips for better accounting processes in 2024, and the ways Accounting Seed on Salesforce can support you along the way.

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Account accountant accounted Technology 59

CPA Practice

JANUARY 9, 2024

Top 25 accounting firm Citrin Cooperman has acquired Coleman Huntoon & Brown (CH&B) PLLC, a Chapel Hill, NC-based tax, accounting, and business consulting firm. Financial terms of the deal weren’t disclosed. CH&B joins Citrin Cooperman with more than 20 employees and more than $7 million in revenue. The New York-based firm also picks up its first office location in the Carolinas as part of the acquisition.

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North Carolina tax return New York tax planning 59

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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.

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Accounting Insight

JANUARY 9, 2024

Imagine waking up tomorrow with a clean slate. No predefined roles, no expectations, and no well-trodden path to follow. Ask yourself – in that liberated state, what would you truly want to do?In the hum of our daily lives, most of us are ensnared in routines, often forgetting the dreams we once harboured. We’re playing roles, ticking boxes, and quite frankly, many of us are simply going through the motions.

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CPA Practice

JANUARY 9, 2024

Centri Business Consulting, LLC has secured a growth capital facility from Fulton Bank, a subsidiary of Fulton Financial Corporation. Centri’s acquisition of a multi-million-dollar growth capital facility underscores the firm’s ongoing commitment to executing its short and long-term strategic growth plans. With this facility secured, Centri is poised to expand its footprint in existing target markets by expediting the establishment of new offices nationwide.

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Anders CPA

JANUARY 9, 2024

Access the 2024 Anders Tax Pocket Guide for this year’s corporate and individual tax rates, retirement plan contribution limits and more, including: Estate tax and lifetime gift tax exemption increase to $13,6100,000 Retirement account transfer limit increase to $7,000 Standard deduction increases View the 2024 Anders Tax Pocket Guide. Contact an Anders advisor below to learn how these rates affect you and your business.

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Tax CPA Account accountant 52

CPA Practice

JANUARY 9, 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 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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