Accounting Today

MARCH 12, 2024

Despite a later start, tax filing is proceeding apace — though there are some unresolved issues.

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Tax tax preparation 113

TaxConnex

MARCH 12, 2024

Since the first adding machine showed up on counters to help shopkeepers tack on the correct sales tax, automation has been part of compliance. Now the buttons and the lever have given way to behind-the-scenes software and automatic functionality. Good thing, too, as sales tax has evolved beyond a static percentage to involve thousands of tax jurisdictions and ever-changing calculations.

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E-commerce Technology tax return Tax 230

BurklandAssociates

MARCH 12, 2024

Clean Energy startups and other grant recipients have all the usual accounting requirements, plus additional grant compliance responsibilities. The post Grant Compliance 101 for Startups appeared first on Burkland.

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Account accountant accounted 162

Withum

MARCH 12, 2024

The cannabis tax community is abuzz with rumor and delight. The giddiness stems from a recent announcement by a publicly traded cannabis company that it obtained large tax refunds from the IRS, even though the company has been tightlipped about the reason for the refunds. The company announced nothing more than the amount of the refunds and the tax years to which they relate, and speculation is rampant.

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Tax tax return Legal Manufacturing 119

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

MARCH 12, 2024

While every company is different, there are 12 operational areas distressed businesses often miss, which can foretell a deteriorating financial condition.

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Management Consulting Account accountant accounted 121

Going Concern

MARCH 12, 2024

Across the pond, Big 4 firms are struggling to generate deals business in this lackluster economy and as expected this has led to some cuts. KPMG let 6 percent of their deals people go in October, up to 600 people at PwC were asked to leave or get fired in November, and 150 more people were punted out of EY just days before Christmas on top of the five percent of the 2,300 people in financial services consulting chopped in August.

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Government Sales Account accountant 112

CPA Practice

MARCH 12, 2024

January 2024 had the highest percentage of employees making paid time off (PTO) requests since the beginning of 2019, according to the BambooHR Workforce Insights Report. The data, pulled from the BambooHR platform, also shows that the average number of employee performance reviews in companies is increasing annually and hiring is now outpacing turnover.

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Oklahoma Utah Construction Healthcare 111

Canopy Accounting

MARCH 12, 2024

At Canopy, we’ve recently improved 24 of our accounting and tax workflow templates by adding helpful automations to save you and your firm time. These automations include sending client requests triggered by status updates, automatically updating the status of a subtask once a previous subtask is complete, and notifications being sent to assigned team members on subtasks when that subtask is set to “Ready.

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Tax Account accountant accounted 105

CPA Practice

MARCH 12, 2024

By Evan T. Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) The only thing worse than the monotonous task of preparing your tax return, or preparing your CPA to prepare your tax return, is doing it again on an amended return. We work with retirees to help maximize income, minimize taxes and plan their estate. Below are the six most common mistakes we see retirees make when seeking to minimize their lifetime tax burden.

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tax return Tax Washington tax planning 111

Accounting Insight

MARCH 12, 2024

Wolters Kluwer has unveiled a cloud-based anti-money laundering (AML) product in the UK that will drastically simplify and accelerate AML and know-your-customer (KYC) compliance processes for accounting teams, according to feedback from client testing of the software. Using CCH iFirm AML – the first module to be introduced within Wolters Kluwer CCH iFirm, a new cloud-based tax and accounting platform that launched in the UK last week – the average time taken to run an AML data check is one minut

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tax return audit Tax accounting firms 105

Advertiser: Paycor

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CPA Practice

MARCH 12, 2024

By Kit Eaton, Inc. (TNS) AI systems can advise you on the future of your business, generate PR-ready images, videos, and music, and thanks to Microsoft’s efforts, help you be more productive. What AI cannot help your business with, it seems, is tax prep. An investigation by The Washington Post tested new built-in AI systems offered by TurboTax and H&R Block, and found that they were frequently unhelpful and often just plain wrong when it came to offering advice.

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Tax Washington audit Legal 105

Insightful Accountant

MARCH 12, 2024

If you're into revenue recognition you better reconnoiter our upcoming QB Talks on Wednesday, March 20, 2024 at 2:00 PM Eastern when Alicia Katz Pollock will teach you all about this new feature in QBO Advanced.

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CPA Practice

MARCH 12, 2024

By Michael Grothaus, Fast Company (TNS) Mass layoffs in the tech industry have made headlines nearly every week since late 2022. Combine that constant barrage with the rise of AI and uncertainty over the global economy and you have the perfect recipe for increasing anxiety across the American workforce when it comes to fears about job security. Now a new survey out from online marketing firm Authority Hacker put some concrete numbers on just how many of the currently employed are worried about t

Finance 105

Finance 105

AccountingDepartment

MARCH 12, 2024

Non-profit organizations often stand at the frontier of social change, operating with the noblest of causes but facing challenges unique to their sector, particularly in the financial realm. With a mission-driven focus and often a limited budget, navigating the complex financial landscape of a non-profit can be daunting.

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Non-Profits bookkeeping services NetSuite bookkeeping 95

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.

CPA Practice

MARCH 12, 2024

Updated March 12, 2024. (Originally published March 4, 2024.) A federal district court in Alabama has found the Corporate Transparency Act (CTA), which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. The court document includes the statement that the CTA, “exceeds the Constitution’s limits on the executive branch.

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Alabama Government Legal Tax 98

GrowthForceBlog

MARCH 12, 2024

9 min read Nonprofit organizations do not pay taxes, so they are not subject to audits performed by the Internal Revenue Service. Audits, however, are still sometimes required for nonprofit organizations by federal, state, or local entities.

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audit accounting and finance Finance accounting firms 94

CPA Practice

MARCH 12, 2024

By Dave Eisenstadter, masslive.com (TNS) Did you end up unexpectedly owing money on your taxes this year? Statistics from the IRS ending on March 1 indicate you’re not alone. Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, IRS records show. By March 3, 2023, 42,040,000 refunds had been issued compared with 36,288,000 by March 1 of this year, a difference of 5.75 million or nearly 14%.

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Tax income tax tax return 98

Accounting Today

MARCH 12, 2024

The pilot program is expanding in the 12 states where it's available.

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Tax 123

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

MARCH 12, 2024

In this episode,Roman Kepczyk, a CPA and director of firm technology strategy at Rightworks, discusses the importance of security in accounting firms.

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accounting firms Account accountant accounted 80

Accounting Today

MARCH 12, 2024

A recent survey from Gartner found that few audit executives report using generative AI in their department, but many say they expect to do so in the future.

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audit Technology 86

CPA Practice

MARCH 12, 2024

[ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] Montana may have one of the 10 smallest populations of the U.S. states, but professional CPAs in Big Sky Country have a vibrant and active professional association with nearly 1,500 members.

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Montana cpas CPA Education 64

Accounting Today

MARCH 12, 2024

A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group AG, UBS Group AG and other Swiss banks to hide more than $20 million in assets from U.S. tax authorities over 35 years.

Tax 63

Tax Florida 63

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.

Withum

MARCH 12, 2024

Women within the Financial Services Industry share advice on work-life integration and how they incorporate it into their own lives. The term Renaissance Man was coined in the 1400s by Leon Battista Alberti, the initiator of Renaissance art theory. The term, still used today, embraces being well-rounded, consistently challenging oneself to continue to grow and improve in all facets of one’s life, and is still a sought-after ideal in our culture.

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Accounting Today

MARCH 12, 2024

Company leaders think their employees and customers trust them more than they actually do, according to PwC's Trust Survey.

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Account accountant accounted 73

Accounting Insight

MARCH 12, 2024

Chaser, the global credit control automation platform and service provider, today announced its integration with Oracle Netsuite® Software (“Netsuite”), a cloud-based enterprise software company that provides products and services tailored for small and medium-sized businesses including accounting and financial management. This new integration makes it efficient and cost-effective for organizations using Netsuite to automate their accounts receivable and credit management process.

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NetSuite Technology Account accountant 59

Anders CPA

MARCH 12, 2024

With the unprecedented, rapid rise in interest rates, financial institutions must grapple with the growing impact on commercial real estate appraisals. The approach an appraiser uses to determine capitalization (cap) rates of non-owner-occupied properties can create artificially low cap rates based on what existed a year or two ago. Loan officers, appraisal reviewers, management at financial institutions and borrowers or investors need to understand how an appraiser arrives at a cap rate calcula

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Real Estate CPA Sales Retail 59

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Finance

Accounting Today

MARCH 12, 2024

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

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Technology accounting firms Account accountant 66

CPA Practice

MARCH 12, 2024

The McDonagh Bauers Private Wealth Team, formerly of Alex Brown, a division of Raymond James, has joined Ashton Thomas Private Wealth, an Arax Investment Partners firm. The team had $500M in assets under management while at Alex Brown. “We are delighted to join Ashton Thomas Private Wealth and introduce our clients to resources and capabilities they offer,” states Ted McDonagh, Managing Director and Partner.

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New York 52

ThomsonReuters

MARCH 12, 2024

Jump to: Identify the common barriers to change Overcome the barriers with communication Reframe the narrative Remember your clients Set the expectations for adaptation Running an accounting firm can feel like you’re constantly chasing changes. Some are beyond your control, such as tax code adjustments , staff turnover , or evolving customer expectations.

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cpas Technology accounting firms Tax 52

CPA Practice

MARCH 12, 2024

Paycor HCM, Inc. , has released two new offerings, Pay Benchmarking and Labor Forecasting. The new offerings are intended to help HR and business leaders make more informed compensation decisions and enhance workforce planning. Businesses today face a myriad of challenges, including managing labor demands, ensuring pay equity, and retaining top talent, all while striving to scale efficiently.

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Sales Technology 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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