KROST
FEBRUARY 2, 2024
Every year, taxpayers are required to file, report, and pay any taxes owed from the previous year. As the tax season begins, it is crucial to gather all forms of tax documentation in preparation for the filing process. We understand that filing taxes can be a very stressful and time-consuming task, and without proper planning, Read the full article.
CPA Practice
FEBRUARY 2, 2024
By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Reason #2: Most clients (especially business owners) would rather their accountant give them advice (instead of simply being a recorder of the past).
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Accounting Today
FEBRUARY 2, 2024
The university is bracing for two bills in Massachusetts this year that would target its massive billion endowment and policy of admitting legacy applicants.
CPA Practice
FEBRUARY 2, 2024
By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. The relief includes extensions for various tax payment and filing deadlines. Individuals and businesses affected by the severe storms now have until June 17 to meet certain tax obligations.
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.
Canopy Accounting
FEBRUARY 2, 2024
As we make our way through 2024, the world of accounting continues to evolve, with influencers playing a pivotal role in shaping industry trends, providing insights, and offering guidance through the complex maze of fiscal management. Whether you're an established finance professional or just starting to navigate the waters of accounting, following the right thought leaders can be instrumental in staying ahead of the curve.
Randal DeHart
FEBRUARY 2, 2024
As a construction business owner, you have a lot on your plate. You need to manage your employees, oversee projects, ensure compliance with regulations, and keep your clients happy. Amidst all this, you may be tempted to handle your payroll to save costs and maintain control. At face value, it seems like a great idea. If you're a small business owner with just a few employees, you probably think hiring a payroll specialist is an expense you can avoid.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
FEBRUARY 2, 2024
Introduction Throughout 2023, private equity faced a litany of challenges as it navigated a mini banking crisis, increasing capital costs, and an intractable valuation gap between buyers and sellers, all while facing enhanced regulatory scrutiny. The cumulative impact resulted in a steep decline in overall deal activity. Despite these headwinds, there were positive opportunities for private equity investors.
GrowthForceBlog
FEBRUARY 2, 2024
9 min read Your firm's primary function is the service it provides – engineering. To function well, remain operational, and turn a profit, the firm must also have a well-run bookkeeping and accounting department.
Accounting Today
FEBRUARY 2, 2024
Two firms in Albany and Buffalo, New York, have agreed to a revenue-sharing arrangement.
Insightful Accountant
FEBRUARY 2, 2024
The US House of Representatives overwhelmingly passed a $78,000,000,000 "extenders bill" this week.
Advertiser: Paycor
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CPA Practice
FEBRUARY 2, 2024
Members of the New Jersey Society of Certified Public Accountants (NJCPA) visited 65 high schools in the state during the fall of 2023 to inform students about the benefits of having a successful career in accounting and how to become a certified public accountant (CPA). Through the NJCPA Career Awareness Program, more than 60 NJCPA members made presentations throughout New Jersey.
Accounting Today
FEBRUARY 2, 2024
Bribe payments by the oil-trading giant were facilitated by an accounting system that allowed employees to skirt internal controls.
Menzies
FEBRUARY 2, 2024
Menzies LLP - A leading chartered accountancy firm. Are you overlooking a golden opportunity? Many hospitality businesses do not realise that they may have inadvertently overpaid VAT during the tumultuous period of the pandemic, after the reduced rate was introduced in 2020. There is still time to recover these funds, but the window of opportunity is starting to close.
Accounting Today
FEBRUARY 2, 2024
The Illinois CPA Society and its CPA Endowment Fund have begun accepting scholarship applications for the 2024-2025 academic year.
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.
Going Concern
FEBRUARY 2, 2024
PwC UK Chairman Kevin Ellis and hardcore RTO fanboy is apparently leaving after two terms and the hunt is on for the lucky person to replace him. Reported Sky News : Sky News has learnt that the world’s biggest accountancy firm has initiated the process through which its supervisory board – consisting of PwC partners – will oversee the installation of a successor to Kevin Ellis.
Withum
FEBRUARY 2, 2024
Within the context of employee health plans, the partnership between a plan sponsor and its administrator holds paramount importance in ensuring seamless operations and prudent management of plan assets. To fulfill their fiduciary duties, plan sponsors often enlist the expertise of third-party administrators, while still retaining their role as administrators under the guidelines of the Employee Retirement Income Security Act (ERISA).
CPA Practice
FEBRUARY 2, 2024
Top 20 accounting firm CohnReznick admitted 24 professionals—18 men and six women— to its partnership on Feb. 1. The newly admitted partners and principals bring expertise across advisory, assurance, and tax, and play integral roles in the firm’s industry groups. “CohnReznick’s ability to deliver world-class client service is driven by our commitment to recruit, develop and reward outstanding individuals who demonstrate the capability to lead our firm into the future,” CohnReznick CEO David Kess
SchoolofBookkeeping
FEBRUARY 2, 2024
Advanced Inventory Tracking inventory Using QuickBooks Online For years the outcry from the accounting community has been “QBO doesn’t track inventory” and when QBO was first unveiled (circa 2000), that was 100% accurate. It was originally launched to cater to service based industries, not product based industries. But time, technology, the evolution of the internet, have changed that and it’s worth looking into again.
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
FEBRUARY 2, 2024
When employers opt for self-insurance in managing their group health plans (GHP), they inherently shoulder significant fiduciary responsibilities toward plan participants and beneficiaries. To mitigate fiduciary risk, plan sponsors commonly enlist insurance carriers as third-party administrators, leveraging their provider networks, administrative expertise, and cost-control practices.
CPA Practice
FEBRUARY 2, 2024
This case study describes how a top 200 firm, YHB, successfully implemented Suralink leading to an improved employee experience and a dramatic increase in productivity. Creating a better work/life balance for employees doesn’t have to involve firing profitable clients or automating work to the point of becoming disconnected from those clients. By empowering employees with the right tools and resources, firms can put their people first, keep clients happy, and grow.
Cherry Bekaert
FEBRUARY 2, 2024
For years, taxpayers have been able to take advantage of cost segregation and the Section 179D Energy Efficient Commercial Building Deduction (Section 179D) studies. These studies help to recover costs from facility purchases or construction while also reducing their tax liabilities. Cost Segregation Analyses A cost segregation study allows property owners to maximize the depreciation of real estate assets by accelerating depreciation deductions for specific classified assets.
Accounting Today
FEBRUARY 2, 2024
The guidance would align with COSO's widely used internal controls and enterprise risk management frameworks.
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.
Accounting Insight
FEBRUARY 2, 2024
You’re as likely to see technology and software in mainstream news headlines today as you are on the business and tech pages. Warnings that rapid advances in artificial intelligence is outperforming humans, obliterating jobs and possibly even destroying humanity have been hard to ignore. If you’re a finance or accountancy professional – the latest technology developments might not be your top priority.
Accounting Today
FEBRUARY 2, 2024
Plus, promotions at Kassouf, CohnReznick, KSM, and Johnson Lambert, and other personnel and firm news from across the country.
CPA Practice
FEBRUARY 2, 2024
Randy Johnston and Brian Tankersley, CPA, explored CES 2024 in Las Vegas in January. In this podcast, they highlight some of their favorite personal tech they saw on display. Use the podcast player below to listen to the podcast. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Brian F. Tankersley, CPA.CITP, CGMA, Randy Johnston Randy Johnston 00:03 Hey, welcome to Technology Lab.
Accounting Today
FEBRUARY 2, 2024
Plus, H&R Block releases Direct Import to move data from TurboTax; and other accounting technology news.
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Going Concern
FEBRUARY 2, 2024
TLDR: Boning clients and/or treating them to too many football games is an independence violation Once again EY is losing a client because someone over there just couldn’t resist banging them which leads us to wonder out loud: what is it with EY and hooking up with clients? The Telegraph on why EY dropped UK grocery chain Asda: EY has quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief executive Mohsin Issa, The Telegraph can reve
CPA Practice
FEBRUARY 2, 2024
By K. Sophie Will and Caitlin Reilly, CQ-Roll Call (TNS) Republican-backed legislation to temporarily boost the cap on state and local tax deductions cleared a key hurdle on Thursday, but the House Rules Committee vote portends tough sledding for GOP leaders to get the bill on the floor next week. After an “emergency” meeting to consider the tax bill that began at 8 a.m. and featured a lengthy recess behind closed doors, Rules reported out a closed rule for floor debate on an 8-5 vote.
Going Concern
FEBRUARY 2, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
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