Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
Going Concern
SEPTEMBER 29, 2023
Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.
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Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
Withum
SEPTEMBER 29, 2023
Did you know that 2023 marks the 20th year of Cybersecurity Awareness Month? Since 2003, we have seen the dramatic evolution of cyberattacks. Despite all the technological advances, the same cyber threats are still at play today. These include ransomware , phishing and business email compromise. Hackers are still trying to steal data, disrupt businesses and even harm physical safety.
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.
CPA Practice
SEPTEMBER 29, 2023
By Chelsea Hylton, Los Angeles Times (TNS) It seems like news about Shakira just doesn’t stop. This time the Grammy-winning artist is being charged by Spanish prosecutors for tax evasion. Prosecutors claim she failed to pay $7.1 million in taxes in 2018, according to the Associated Press. She is also being accused of using an offshore company to avoid paying taxes.
Cherry Bekaert
SEPTEMBER 29, 2023
The Employee Retention Credit (ERC) was created to reward companies that continued paying employees when operations were negatively impacted by the COVID-19 pandemic. It is a proven program that helps companies recover from the negative impacts of the pandemic on their business, even when ERC refund claims are filed today. The Internal Revenue Service (IRS) released new guidance for how employers may or may not have been impacted by supply chain disruptions during the pandemic.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
SEPTEMBER 29, 2023
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. See ya. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching.
Cherry Bekaert
SEPTEMBER 29, 2023
No matter the industry, your daily job is important. You deliver valuable products and services to your market, impacting those who depend on you. Whether you offer a broad range of services to the worldwide community or specific programs to a targeted local group, clarity of your true costs on a unit-by-unit basis is critical to ensure sustainability, maximize impact and create internal efficiencies.
Accounting Today
SEPTEMBER 29, 2023
When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.
AccountingDepartment
SEPTEMBER 29, 2023
We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.
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.
Accounting Today
SEPTEMBER 29, 2023
The commission charged the Top 100 Firm with violating auditor independence rules on many occasions.
GrowthForceBlog
SEPTEMBER 29, 2023
8 min read When was the last time you saw a business featured in the news? Odds are you've seen news media about Apple's latest iPhone release, Open AI's advancements with large language models, Rupert Murdoch's retirement, or the goings-on of a local business that's making waves in your own community.
Accounting Today
SEPTEMBER 29, 2023
Spain alleges that the Queen of Latin music owes $7.1 million for 2018.
Going Concern
SEPTEMBER 29, 2023
It’s not every day you get to witness a firm getting hit with HUNDREDS of independence violations in one fell swoop. Well today Prager Metis got the independence violation high score in an SEC complaint alleging a mess of them. From the SEC : The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aid
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
SEPTEMBER 29, 2023
NJCPA launches 14th annual food drive; Mazars elects five new partners and principals; and more news from across the profession.
Going Concern
SEPTEMBER 29, 2023
Buried in the fourth annual Connected Consumer survey announced Wednesday by Deloitte is a concerning figure: Gen Zs were more than twice as likely as boomers to have their social media account hacked (17% vs. 8%) and three times more likely than boomers to fall for an online scam (16% vs. 5%). Can we please stop using “hacked” to mean compromised ?
Accounting Today
SEPTEMBER 29, 2023
The sooner you take an active approach to artificial intelligence, the less overwhelmed you'll feel about it.
Canopy Accounting
SEPTEMBER 29, 2023
Form 1120, the U.S. Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. As an accountant, it is essential to have a firm grasp of this form and its implications. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes.
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
Accounting Insight
SEPTEMBER 29, 2023
Moneypenny’s head of the finance sector Louise Wilson explains why telephone confidentiality should be front of mind. Picture the scene: a receptionist in an accountancy practice takes calls at a front desk with a seating area beside them. Sitting in this space means it’s entirely possible that you might hear the telephone conversations being made or received – including who the receptionist is talking to, who they are transferring calls to and which services the caller might need, perhaps
Accounting Today
SEPTEMBER 29, 2023
Plus, CPACharge rolls out automated invoicing feature; and other news and updates from the accounting technology world.
Accounting Insight
SEPTEMBER 29, 2023
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned trade credit insurer with over 75 years of experience, announce their strategic partnership to offer an advanced risk management solution. This new partnership will kick-off in France before rapidly expanding to the UK and American markets.
CPA Practice
SEPTEMBER 29, 2023
As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.
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
SEPTEMBER 29, 2023
By Neil Parsons, Managing Director, Wolters Kluwer Tax & Accounting UK Accountancy practices across the UK and beyond are keen to create more efficient processes. Technology is driving and enabling a lot of this change, along with the increase in data processing power and widespread moves towards cloud-based solutions. More than ever, practices looking to help drive process improvements by removing human labour from manual, repetitive processes in order to enhance compliance, and reduce risk
Inform Accounting
SEPTEMBER 29, 2023
HMRC is clamping down on the use of high-volume addresses by online sellers to disguise their principal place of business and avoid VAT Many of these addresses are being used by overseas established businesses and some traders are taking advantage of a loophole to avoid being treated as a non-established taxable person (NETP) by online marketplaces.
Accounting Insight
SEPTEMBER 29, 2023
Research reveals just one in 10 UK finance decision-makers (10%) has full visibility of spend across the legal entities of their business leaving the vast majority struggling to see the bigger picture. The independent research undertaken by award-winning accounting software provider, iplicit , has shown there is a real need for improved visibility – with 42% of UK finance decision-makers saying they would like to have a better sight of spending across their business’ legal entities.
Inform Accounting
SEPTEMBER 29, 2023
The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on the state of the UK Economy in time for the Chancellor Jeremy Hunt to present his Autumn Statement on Wednesday 22 November.
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Accounting Today
SEPTEMBER 29, 2023
The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.
Ryan Lazanis
SEPTEMBER 29, 2023
Many have relied on Canopy as their accounting project management solution to streamline their firm’s financial operations. In this review, let’s find out what sets Canopy apart from the others, spotlighting its functionalities, benefits, drawbacks, and more. Let’s get into it! Table of Contents What is Canopy Accounting Software? Canopy Accounting Software Features Canopy Accounting Software Pricing Canopy Accounting Software Alternatives What is Canopy Accounting Software?
Accounting Today
SEPTEMBER 29, 2023
Small computers can help when working in smaller office spaces.
Cherry Bekaert
SEPTEMBER 29, 2023
Company Background Leveraging over 10 years of investment expertise in the U.S. real estate industry, a real estate investment company’s (the Company) portfolio ranges from single-family housing across the Midwest to commercial, hospitality and mixed-use properties all over the Southeast. The Company had capitalized on their property’s depreciation and sold an asset to generate multimillion-dollar section 1231 gains.
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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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