Cherry Bekaert

SEPTEMBER 20, 2023

On September 14, 2023, the Internal Revenue Service (IRS) announced an immediate moratorium on the processing of new Employee Retention Credit (ERC) claims until at least 2024. This pause in processing claims should not deter any employer from determining if it qualifies as an employer eligible to claim the ERC, documenting its eligibility, calculating the credit or filing an amended Form 940X to claim the appropriate credit.

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Going Concern

SEPTEMBER 20, 2023

Ed. note: This post brought to you by the Big Government Auditing lobby. Just kidding, it’s a guest post from Parker Skaats, CPA, an experienced government worker who’s here to pitch the joys of government work to the unwashed overworked masses. Okay, let’s be real for a second. When you hear “government auditing,” do you picture dull offices with fluorescent lighting, stacks of paper taller than you, and people who still think fax machines are the pinnacle of technology

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CPA Practice

SEPTEMBER 20, 2023

A new work group within the Large Business and International (LB&I) division will be tasked with holding large partnerships and other pass-through businesses accountable to pay the full amount of taxes they owe, the IRS said on Wednesday. The new pass-through unit will include many of the 3,700 agents the IRS is planning to hire in an effort to ramp up tax compliance efforts against high-income earners, complex partnerships, large corporations, and promoters.

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income tax Tax audit tax return 122

IgniteSpot

SEPTEMBER 20, 2023

In a world brimming with uncertainty, businesses are more vulnerable than ever to unforeseen financial risks. These risks can spell disaster if not effectively managed, leading to revenue losses, reputational damage, or even bankruptcy. But with the advent of virtual CFO services, businesses now have a formidable ally in their corner. These services act as a safety net, offering expertise and strategies to safeguard businesses from the volatile tides of financial risks.

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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

SEPTEMBER 20, 2023

Accounting firms are seeing their revenues, partner income and profits increase this past year, even as more firms resort to outsourcing to fill their talent shortages.

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Withum

SEPTEMBER 20, 2023

Ed Mendlowitz , Emeritus Partner at Withum, is a local and industry legend, having lent his voice and his talents to the accounting world for over 60 years. He is a thought leader, mentor, teacher, professor, writer and philanthropist. Furthering his worldwide impact on the industry, Ed has now established the Mendlowitz Family Scholarship at Baruch College.

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Withum

SEPTEMBER 20, 2023

The F word: Fraud. It is infamous in the accounting world and important that it is an “intentional” act. But why does it happen? How does it happen? The fraud triangle is a famous model in the fraud investigation world and states that fraud can occur when the following 3 elements are present: Pressure, opportunity, and rationalization. The Association of Certified Fraud Examiners releases a report annually entitled “A Report to the Nations”, which can be accessed on their website: ACFE Report.Th

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Going Concern

SEPTEMBER 20, 2023

Dallas Morning News reported yesterday that groundbreaking on a “massive expansion” of the already massive Deloitte University campus in Westlake, Texas will begin in January. Deloitte’s been wanting to expand for a while but was waiting on Tarrant County commissioners to approve more than $5 million in tax breaks. “We certainly appreciate the great corporate citizen that Deloitte has been in our area,” said commissioner Gary Fickes to Dallas Morning News when the expansi

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Accounting Today

SEPTEMBER 20, 2023

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

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CPA Practice

SEPTEMBER 20, 2023

$5.38 billion—that was the total audit fees paid by the S&P 500 companies in fiscal year 2022, a record-high amount, according to a recent analysis from Ideagen Audit Analytics. However, the nearly 4% increase in audit fees over FY 2021 was less than the year-over-year inflation rate in 2022 of 6.5% in the U.S., defying predictions that fees could rise to accommodate higher salaries in a profession where there is a shortage of qualified accountants , the Financial Times noted.

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audit auditor accounting firms Tax 105

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 20, 2023

Sid Kess is remembered by colleagues as both a highly proficient technical expert and a kind, caring human being who took an active interest in others' wellbeing.

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Insightful Accountant

SEPTEMBER 20, 2023

If you've worked with QuickBooks Desktop and inventory, chances are you've heard the name Acctivate. It recently was added to the Intuit QuickBooks App store, so I thought I'd make you 'App Aware' of its listing.

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quickbooks 101

Accounting Today

SEPTEMBER 20, 2023

The service held a webinar to raise awareness about programs that companies can use to help employees pay off student loans and other educational expenses.

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Xero

SEPTEMBER 20, 2023

The application period for the Xero Beautiful Business Fund will be wrapping up a few short weeks! To help us select the winners of the 2023 Xero Beautiful Business Fund, we’ve lined up a stellar list of regional and global judges. The judges represent small businesses, accountants and bookkeepers and Xero’s global partners. They will play a key role in evaluating the entries to help our small business winners achieve their ambitions.

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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.

Cherry Bekaert

SEPTEMBER 20, 2023

Architectural & Engineering (A&E) firms that propose or work on government contracts may be required to have an adequate system review. In this episode of Cherry Bekaert’s Professional Services podcast, Brynn McNeil , an Audit Partner in the Firm’s Professional Services Industry practice, welcomes Eric Poppe , a Managing Director in our Government Contractor Industry practice, to discuss the types of systems reviews and the advantages these reviews can provide emerging small busine

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Accounting Today

SEPTEMBER 20, 2023

Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.

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AccountingDepartment

SEPTEMBER 20, 2023

In today's fast-paced business environment, maximizing efficiency is key to staying competitive and achieving sustainable growth. One area where businesses can significantly streamline their operations is within their accounting department. By outsourcing these functions to client accounting service experts, organizations can focus on their core activities while benefiting from enhanced accuracy, improved financial processes, and valuable time savings.

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Accounting Today

SEPTEMBER 20, 2023

Five tax giants received a shot across the bow from the Federal Trade Commission.

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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

SEPTEMBER 20, 2023

In today's evolving technological landscape, trends like ChatGPT continue to take hold. Petrinovich Pugh & Company's Sean McLean and ZentLaw's Monica Zent explain why it might be time to take the leap.

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Technology 59

Accounting Today

SEPTEMBER 20, 2023

The top three states had an average change percentage of 215.76% between 2021 and 2022.

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Accounting Seed

SEPTEMBER 20, 2023

Every year, Salesforce users from across the globe flood the streets of San Francisco to learn, connect, and grow at Salesforce’s flagship event— Dreamforce. Having been a Salesforce Partner for nearly 15 years, Accounting Seed has seen many iterations of the annual user conference, but 2023 was certainly one for the books! With AI innovations at every corner and deep-dive sessions for three days straight, the Accounting Seed team has several takeaways that will impact businesses for years to co

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Accounting Today

SEPTEMBER 20, 2023

The annual list recognizes thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

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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.

CPA Practice

SEPTEMBER 20, 2023

By Irina Anghel, Bloomberg News (TNS) Deloitte is set to cut more than 800 jobs in the U.K. in response to a slowdown in demand and an easing in the pace of workers choosing to leave, according to a source familiar with the matter. That’s equivalent to about 3% of its U.K. workforce of 27,000, the person said. The cuts come after growth slowed in the second half of the year because of falling client demand.

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Accounting Today

SEPTEMBER 20, 2023

More companies across the globe are doing sustainability reporting and receiving assurance services, including in countries outside the G20, according to a new report.

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audit 68

CPA Practice

SEPTEMBER 20, 2023

By Irina Anghel, Bloomberg News (TNS) It was dubbed the Great Resignation as an army of workers quit in search of higher pay, better hours and more attractive perks. The U.K.’s largest consulting firms were among the worst hit as staff hunted down new roles when COVID lockdowns began to ease. Now, Britain’s accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.

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Accounting Today

SEPTEMBER 20, 2023

The revised Form 6765 could help both the IRS and taxpayers avoid lengthy audits involving faulty claims.

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audit Tax 73

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Finance

Reckon

SEPTEMBER 20, 2023

As old as the story of time is the story of change. Each Australian generation has lived sometimes radically different lives than their parents. With the baby boomers coming into retirement and a growing population that’s living longer than ever before, what could the near future hold for Australia’s economy? To get a handle on recent and upcoming demographic shifts, we reviewed the recent 2023 Intergenerational Report released by the Treasury.

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Ryan Lazanis

SEPTEMBER 20, 2023

If your website isn’t delivering leads, it may need strategic improvements in conversion-focused design, a common issue with actionable solutions. In this episode, I shared proven tips to transform your website from a simple online presence into a powerful lead-generating asset for your firm. Listen Below. 1:25 – During my time running my own firm, our website was the primary source of our sales, thanks to its effective optimization for client acquisition and conversions. 1:52 –

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Anders CPA

SEPTEMBER 20, 2023

SECURE Act 2.0 has already made a huge impact on the way employees save for retirement. Signed into law on December 23, 2022, some provisions of the SECURE Act have already taken effect, including changes to required minimum distributions (RMD), annual IRA contribution limits and an expansion of early withdrawal penalty exceptions. The legislation also introduced 529 plan rollovers.

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Shay CPA

SEPTEMBER 20, 2023

Back in 2019, Akshay Shrimanker, our Founder and CEO, joined a panel about artificial intelligence (AI). Just three years ago, the panelists were excited about the promise of AI but said it had a long way to go. Specifically, they identified the need for more inputs alongside more willingness among people to buy into AI. Fast forward three years and all of that has happened.

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Advertisement

"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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