TaxConnex
AUGUST 24, 2023
Sales tax automation has come a long way since the Quill vs. North Dakota case in 1992. Now, even the smallest multi-state businesses and startups have access to sales tax automation options that lower costs and ease the burden of compliance. AI is even making it’s way into the sales tax world, but how much do you trust an automated bot or machine with your sales tax obligations?
BurklandAssociates
AUGUST 24, 2023
We are at a pivotal point in our lives technology-wise. Artificial Intelligence is taking the markets by storm and has become a tool that almost anyone can use with just Read More The post Managing AI & ChatGPT in the Workplace appeared first on Burkland.
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Accounting Today
AUGUST 24, 2023
The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.
Going Concern
AUGUST 24, 2023
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver A friend asked why I believe the 150-hour requirement is more of a barrier of entry to the accounting profession than a 120-hour requirement with added experience. That is a great question. Although, it does not matter what I think.
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.
Accounting Today
AUGUST 24, 2023
Internal Revenue Service employees weren't always following the proper rules when it came to directly contacting taxpayers instead of their representatives like accountants and attorneys.
Going Concern
AUGUST 24, 2023
In a little law and order news courtesy the Department of Justice, a law firm controller has pleaded guilty this week to inflating her payroll amount by $1.48 million over the course of three years. Her annual salary, her real annual salary, was approximately $140,000. Way to take the fight against low wages into your own hands, lady. The press release courtesy the U.S.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
KROST
AUGUST 24, 2023
LOS ANGELES, CA [August 28, 2023] — KROST, a leading CPA and consulting firm, is thrilled to announce the promotion of Matthew Weber to the esteemed position of Principal. Matthew’s dedication, experience, and exceptional contributions have led to this well-deserved advancement within the organization. Matthew Weber, who joined KROST’s tax practice in July 2015, brings Read the full article.
Accounting Today
AUGUST 24, 2023
At the Illinois CPA Society's annual summit, a deep dive into how the profession needs to revamp and revitalize its appeal to potential accountants.
ThomsonReuters
AUGUST 24, 2023
Jump to: What is tax depreciation? What is bonus depreciation? How to calculate tax depreciation What are the tax depreciation methods? What is MACRS? Tax depreciation and state-level complexities Managing depreciation of fixed assets Tax depreciation, which enables business clients to reduce the amount of their reported taxable income, may seem straightforward at first glance.
Accounting Today
AUGUST 24, 2023
Google and Meta are facing class action suits after revelations they had been collecting sensitive taxpayer information via online filing sites.
Advertiser: Paycor
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GrowthForceBlog
AUGUST 24, 2023
7 min read Although it is not your core function, your architecture firm's bookkeeping and accounting department is like its engine. Without healthy finances, your firm cannot operate, and your back office helps to ensure ongoing financial health.
Accounting Today
AUGUST 24, 2023
Tax authorities worldwide are deciding how to tax non-fungible tokens. Now is the time to get clarity on this quickly evolving phenomenon.
MineralTree
AUGUST 24, 2023
Are you relying on the current accounts payable (AP) workflow in QuickBooks Desktop or Online to manage your financial operations? If so, you’re not alone. The QuickBooks AP workflow includes tasks like invoice receipt, data entry, approval, and payment required to manage AP within the software. However, while these AP workflow tasks in QuickBooks provide basic functionality, it falls short when it comes to advanced features tailored to modern AP.
Insightful Accountant
AUGUST 24, 2023
Kognitos' Drayton Wade on why it is imperative for accounting firms to adopt Generative AI in a rapidly evolving world.
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
AUGUST 24, 2023
Stonewalled; cashing out; trailer trash; and other highlights of recent tax cases.
Insightful Accountant
AUGUST 24, 2023
In this 'Feature Focus Friday,' Murph examines how Intuit is integrating more QuickBooks Time tasks into QuickBooks Online.
Nancy McClelland, LLC
AUGUST 24, 2023
The past few months, we’ve been keeping an eye on a new reporting requirement that will create a massive burden on small business owners. Starting in 2024, millions of small businesses will be required — as part of an anti-money-laundering initiative — to file a “beneficial ownership information” (BOI) report with the Financial Crimes Enforcement Network (FinCEN, a branch of the U.S.
Insightful Accountant
AUGUST 24, 2023
Intuit has been pushing out updates to QuickBooks Desktop in an attempt to resolve issues regarding security certificate rejection impacting Web-connector and SDK 3rd-party applications.
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
Withum
AUGUST 24, 2023
Please join James Bartek , Jason Rosenberg and Bonnie Susmano from Withum’s State and Local Tax services team, as they provide an update on key state and local tax issues affecting the healthcare industry. Topics include a discussion of sales/use tax exemptions, sales by Healthcare entities, unclaimed property, SALT workarounds for pass through entities, telecommuting issues, sales sourcing considerations for telehealth businesses, and other state and local trending issues.
Cherry Bekaert
AUGUST 24, 2023
In the dynamic business landscape of today, a strategic analysis of client footprint and supply chain to delivery is crucial for organizations to enhance their competitiveness and drive sustainable growth. We will explore the methodologies and best practices for conducting a comprehensive analysis and how this can lead to informed decision-making and improved operational efficiency.
Nancy McClelland, LLC
AUGUST 24, 2023
The past few months, we’ve been keeping an eye on a new reporting requirement that will create a massive burden on small business owners. Starting in 2024, millions of small businesses will be required — as part of an anti-money-laundering initiative — to file a “beneficial ownership information” (BOI) report with the Financial Crimes Enforcement Network (FinCEN, a branch of the U.S.
CPA Practice
AUGUST 24, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Washington state enacted a new and controversial capital gains tax two years ago. Critics of the 7% tax on the sale or exchange of certain long-term capital assets argued that it violated the state’s constitution. But after a court battle, Washington’s state Supreme Court upheld the measure as a valid excise tax on the sale of assets.
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
AUGUST 24, 2023
Learn about the advantages of the Clean Energy Investment Credit and understand how this credit could impact you and your business. Energy property includes: Energy Storage Technology (new) Equipment that uses solar energy to generate electricity, to heat or cool a structure, or to provide solar process heat and equipment that uses solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight Combined heat and power system (increased credit amount) Equipment tha
CPA Practice
AUGUST 24, 2023
By Joy Taylor, Kiplinger Consumer News Service (TNS) In April 2022, the U.S. Supreme Court sided with a taxpayer who filed a U.S. Tax Court petition one day late to seek a collection due process hearing, ruling the statutory 30 days for filing a petition in a collection due-process case can be waived by a court for equitable reasons. After the company in the above case did not pay a penalty, the IRS sent a notice of determination sustaining a levy.
Withum
AUGUST 24, 2023
For founders who have tirelessly nurtured their companies from inception to success, the prospect of a liquidity event brings both excitement and complexity. As this pivotal moment approaches, residency planning emerges as a crucial consideration. The choice of where to establish one’s residency prior to a liquidity event can have far-reaching implications regarding income taxes and personal financial goals.
Dent Moses
AUGUST 24, 2023
In June, we reported that the Alabama Legislature passed HB217, which eliminates the 5% withholding tax on overtime from January 2024 through June 2025. Employers are subject to reporting for 2023, 2024 and 2025. Now, the Alabama Department of Revenue has published reporting guidance and FAQs. Historical 2023 overtime data must be submitted by January 31, 2024.
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Withum
AUGUST 24, 2023
Next Monday is the 60 th Anniversary of Dr. Martin Luther King Jr.’s iconic “I Have a Dream” speech, which he presented on August 28, 1963. Two months before then, he was the commencement speaker at my City College graduation. Five years after presenting this speech, he was murdered at age 39. And 45 years after that murder, a Black American was inaugurated for his second term as president of the United States.
Canopy Accounting
AUGUST 24, 2023
In a recent webinar, “ Lies Accountants Tell Themselves ,” hosted by Canopy, we had industry experts dive into a new research report, “ 2023 Accounting Practice Management Survey ”, and elaborate on where accountants are lying to themselves in ways that may be damaging their firms.
Accounting Today
AUGUST 24, 2023
Hedge funds and private equity firms will have to disclose more about their fees and face new restrictions from the Securities and Exchange Commission on giving investors special treatment.
Withum
AUGUST 24, 2023
When the news broke on June 7, 2023, that Lionel Messi, the larger-than-life Argentinian footballing icon, would play the next two and a half years of his career with Inter Miami FC in the United States, a buzz took over the sports world that only he could create. This decision came to light as many held out hope there would be a fairytale reunion with FC Barcelona, despite interest from the Saudi Pro League, which would have provided more opportunities to see Messi and Cristiano Ronaldo go head
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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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