Fri.Jan 19, 2024

article thumbnail

IRS offers guidance on tax credits for EV charging stations

Accounting Today

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

Tax 134
article thumbnail

Two Withum Team Members Named to The Washingtonian’s Best Financial Advisers List

Withum

Withum is proud to share that The Washingtonian selected team members Joel Susco and Billy Thomas for their DC’s Best Financial Advisers list. Joel, Partner, and Billy, Senior Manager, were chosen for the directory because of their industry expertise, community involvement and trustworthy reputations in the DC business world. As tax accountants, their specialties include business tax , private client services , and estate planning and trusts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

State and local tax cases bear watching in 2024

Accounting Today

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

Tax 125
article thumbnail

SEC Sues Marcum Partner Who Thinks Reviewing the Engagement Team’s Work Is For Chumps

Going Concern

The ghost of SPAC past continues to haunt Marcum, this time it’s administrative and cease-and-desist proceedings against assurance partner Edward Hackert, a 20-year veteran of the firm who’s been a partner since 2006. According to the SEC order, from 2012 through 2022, Hackert served as the engagement partner for at least 240 audits of public companies, including both operating companies and special purpose acquisition companies (88 operating public companies, 152 audits of special p

audit 108
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

A $78B business and child tax-break bill advances in US House

Accounting Today

Congress moved one step closer to enacting $78 billion in business and child tax breaks Friday, although election-year politics add risk to the legislation's prospects.

Tax 122
article thumbnail

Why Won’t My Team Just Accept Change?! (Part 1)

Canopy Accounting

Have you ever had a brilliant idea for your firm that crashed and burned because the rest of the team just wasn't "on board" with your genius? (and we KNOW that you ARE a genius… yeah… I see you innovating over there.

105
105

More Trending

article thumbnail

AICPA suggests changes in Roth IRA catch-up contribution rules

Accounting Today

The American Institute of CPAs is asking to modify the guidance on catch-up contributions in the wake of the SECURE 2.0 Act of 2022.

cpas 118
article thumbnail

Mastering Tone For Construction Company Connections

Randal DeHart

Mastering the right tone is critical when connecting and communicating with people in the construction business. Whether you're writing an email, making a phone call, or meeting in person, how you present yourself can make all the difference in building strong relationships with clients, colleagues, and partners. Research suggests that as much as 93% of communication is non-verbal , so it's unsurprising that the tone and meaning of emails and messages are misinterpreted as much as half the time.

article thumbnail

We Get to the Bottom of Why the 150 Hour Rule Doesn’t Require Specific Courses

Going Concern

TLDR: Scroll to the bottom, it’s the second-last paragraph. Traipsing haphazardly across the internet as one does, I came across this ancient scroll dated 1988 and entitled “Education requirements for entry into the accounting profession: a statement of the AICPA policies.” When I say ancient, I mean ancient. Serif fonts hadn’t even been invented yet. “Education requirements for entry into the accounting profession: a statement of the AICPA policies,” 1988 [ P

article thumbnail

The Present & Future of CAS for Accounting Firms

CPA Practice

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. But even pre-dating the pandemic, a much more fundamental dynamic has been underway, shaping the very nature of how modern and future practices will operate, the services they will provide, and the even the makeup of the staff who constitute those firms.

article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

On the move: Brown Edwards names next CEO

Accounting Today

PKF O'Connor Davies adds 19 to partnership; Schneider Downs expands advisory practice; and more news from across the profession.

90
article thumbnail

The Accounting Technology Lab Podcast: CES 2024 Walkthrough – Highlights for Accounting Pros

CPA Practice

Randy Johnston and Brian Tankersley, CPA, attended CES 2024 in Las Vegas in January, and provide a walkthrough of the technologies they think will have the greatest potential or interest for accounting professionals. We now offer this podcast with video: [link] Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F.

article thumbnail

NYC seeks millions from Silicon Valley Bank for taxes

Accounting Today

The city cites corporation business tax "deficiencies" for 2017 through 2021 and is also seeking interest and penalties from the failed bank.

Tax 70
article thumbnail

New Tax Guidance on Energy Credits for Using Land Alternative Fuel Charging Stations

CPA Practice

The Internal Revenue Service and the Department of the Treasury have issued Notice 2024-20 (PDF) to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit and to announce the intent to propose regulations for the credit. The Inflation Reduction Act amended the credit for qualified alternative fuel vehicle refueling property.

Tax 64
article thumbnail

Planning Your Restaurant's Path to Profitability

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.

article thumbnail

Fujitsu says post office knew about Horizon bugs from the start

Accounting Today

The accounting software had issues such as a loss of data which meant payments and receipts didn't balance.

article thumbnail

Bitcoin ETFs Bring in Nearly $2 Billion From Investors in First Days of Trading

CPA Practice

Via Fast Company (TNS) (Reuters) — A new batch of U.S. bitcoin exchange-traded funds (ETFs) has attracted strong investor interest, though it is unclear if they will be able to maintain the pace of inflows in coming weeks. Investors have poured $1.9 billion into nine new exchange-traded funds tracking the spot price of bitcoin in their first three days of trading, data from issuers and analysts showed, with fund giants BlackRock and Fidelity pulling in the lion’s share of the flows.

Retail 52
article thumbnail

A Year in Review 2023: New Canopy Features

Canopy Accounting

It's hard to fathom how quickly another year has passed, and yet here we are, reflecting on a compilation of new features and functionality that Canopy has introduced throughout the year. This was an exciting year full of enhancements, completely new functionality, and different package options designed to deliver the best value under one roof for firms of all sizes.

52
article thumbnail

New research reveals phone pet peeves costing firms business

Accounting Insight

A new report from global outsourced communications provider Moneypenny has revealed the UK’s top phone peeves when contacting businesses. 35% of people hate calls not being answered, 34% are put off by annoying hold music, and 28% are irritated by being told to check the website for more information. More than half (54%) won’t leave a voicemail if they can’t get through.

article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

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

article thumbnail

Charitable Remainder Annuity Trusts: Is Time Running Out?

Cherry Bekaert

Charitable trusts have long been a powerful tool for estate planning, but some tend to be more effective at tax savings than others in certain interest rate environments. The Charitable Remainder Annuity Trust (CRAT) is one that tends to perform better in relatively high interest rate environments. With the Federal Reserve’s recent signaling in December of expected rate cuts starting in 2024, now may be the best time to lock in the benefits of a CRAT before rates drop.

article thumbnail

Streamline the external audit process

Accounting Today

If CFOs, controllers and other finance leaders implement a handful of straightforward best practices before, during and after an audit, they can maximize efficiency and insight for everyone involved.

audit 56
article thumbnail

PKF O’Connor Davies Elevates 19 to Partner

CPA Practice

Top 30 accounting firm PKF O’Connor Davies announced its newest partner class on Jan. 16. “Our 2024 partner class is comprised of high-performing, committed leaders who drive our organization forward and strengthen our reputation for excellence in countless ways,” Kevin Keane, executive chairman at Harrison, NY-based PKF O’Connor Davies, said in a statement.

article thumbnail

Selling CFOs on AI

Accounting Today

Accountants, resellers and others need to be able to make the case for artificial intelligence to their clients.

Account 59
article thumbnail

Recruit and Retain New Blue-Collar Talent

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.

article thumbnail

Here’s What Worries CEOs the Most About Generative AI, According to PwC

CPA Practice

By Michelle Cheng, Quartz (TNS) A recent PwC global survey found that when it comes to generative AI risks, 64% of CEOs said they are most concerned about cybersecurity. That comes as cyberattacks continue to be on the rise. Damage from cyberattacks is expected to amount to about $10.5 trillion annually by 2025, a 300% increase from 2015, a McKinsey report found.

article thumbnail

Tech news: CPAClub expands model

Accounting Today

Plus, ZenBusiness announces new beneficial ownership filing capacities; and other accounting technology news.

article thumbnail

SuiteCommerce vs. SuiteCommerce Advanced: A Comprehensive Comparison 

Withum

Selecting the right e-commerce platform can be the key to achieving your business objectives. For Retail , Consumer Packaged Goods (CPG) or companies considering e-commerce, NetSuite offers two robust solutions: SuiteCommerce (SC) and SuiteCommerce Advanced (SCA). Let’s pin SuiteCommerce vs. SuiteCommerce Advanced and explore what these platforms are, how they empower e-commerce goals and their key differences.

article thumbnail

Trump tax leaker acted out of 'deep, moral belief,' judge told

Accounting Today

The former IRS contractor who admitted stealing and leaking the tax returns of former President Trump and other billionaires acted believed Americans had a right to the information, his lawyers told a judge.

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

article thumbnail

Trump Tax Leaker Acted Out of ‘Deep, Moral Belief,’ Judge Told

CPA Practice

By David Voreacos, Bloomberg News (TNS) The former IRS contractor who admitted stealing and leaking the tax returns of former President Donald Trump and other billionaires acted out of a “deep, moral belief” that Americans had a right to the information, his lawyers told a judge. Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Trump’s tax data from the Internal Revenue Service and leaking it to The New York Times.

Tax 95
article thumbnail

Ways and Means Committee Throws Support Behind $78 Billion Tax Deal

CPA Practice

By Caitlin Reilly, CQ-Roll Call (TNS) The House Ways and Means Committee voted overwhelmingly Friday to approve a $78 billion tax package that would revive a trio of business tax incentives and expand the child tax credit. The panel backed the measure on a 40-3 vote, with unanimous Republican and strong Democratic support, despite the minority party’s criticism of the package for doing too little to boost the child tax credit.

Tax 119
article thumbnail

KPMG US Chief Paul Knopp Talks AI, Pro-Growth Policies, and DEI

CPA Practice

By Heather Landy, Quartz (TNS) At the 2024 annual meeting of the World Economic Forum in Davos, Switzerland, we’re sitting down with business leaders to ask what’s on their minds. For Paul Knopp, the CEO of KPMG US, that includes the business potential of artificial intelligence, the risks of wider geopolitical conflicts, and continuing diversity, equity, and inclusion efforts despite the political backlash.