Insightful Accountant

DECEMBER 27, 2023

The Bonadio Group's Jennifer Wood takes a deep dive into the benefits of embracing new technology today.

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accounting firms Technology Account accountant 91

Going Concern

DECEMBER 27, 2023

Today is December 27, assuming there is no accounting firm in the entire country shitty enough to lay people off just days before the end of the year (a generous assumption), we should be able to tally up how many people were shown the door in 2023. These are U.S. numbers for Big 4 and mid-tier firms only, if we missed some get in touch. Also, these layoff numbers include only layoffs that were A) confirmed and B) counted by the firm as layoffs, meaning this year’s aggressive PIP usage and

accounting firms 113

accounting firms Account accountant accounted 113

AccountingDepartment

DECEMBER 26, 2023

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs worldwide. In recent years, several trends have impacted how SMBs operate, and we can expect even more changes to come in 2024. To prepare for the future, businesses must be aware of these shifts and adapt accordingly. In this blog post, we will discuss five SMB trends that we can expect to see in 2024, dealing with AI, customer experience, sustainability, and cybersecurity.

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Account accountant accounted 87

CPA Practice

DECEMBER 27, 2023

By Adam Lean, Co-Founder & CEO, The CFO Project. In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. What is the Accountant’s Trap you might ask? It’s where financial professionals are trapped working long hours for low fees, are forced to deal with high-demanding clients,while being burnt out on compliance and transactio

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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.

Account

Accounting Today

DECEMBER 26, 2023

The Internal Revenue Service is not expected to meet the Treasury Department's goal of scanning millions of returns by the end of the year.

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tax return Tax 129

Insightful Accountant

DECEMBER 27, 2023

One less excuse for Desktop Users when it comes to migrating to QBO. There is now Balance Sheet Budgeting available in QBO Plus and QBO Advanced.

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quickbooks 95

Accounting Today

DECEMBER 27, 2023

Here's how artificial will really impact accountants and what to do about it.

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Account accountant accounted Technology 95

Going Concern

DECEMBER 26, 2023

The following post about a rowdy accounting firm holiday party was originally published on December 17, 2014. For more reading on holiday parties of yore, see this r/accounting thread from six years ago: Christmas Party Stories. My Firm Holiday Party is a Teaching Moment For What Not to Do at a Firm Holiday Party By Leona May One year at my firm, we had a Christmas party at the nicest hotel in the city.

accounting firms 113

accounting firms Account accountant accounted 113

Accounting Today

DECEMBER 26, 2023

The bottom state in the ranking received a total score for financial literacy of 51 out of 100.

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Tax 122

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Let’s look at a few of the likeliest developments. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. If so, watch out for 2024. “With more fiscal data coming in, the long-term health of state budgets looks murky,” writes analyst Lucy Dadayan on the site of the Tax Policy Center.

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South Dakota Sales Tax Louisiana 220

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BurklandAssociates

DECEMBER 26, 2023

Thank you to all the experts throughout the startup ecosystem who joined our Startup Success podcast in 2023 to share knowledge and insights. The post Listeners’ Favorites: Our Top Podcast Episodes of 2023 appeared first on Burkland.

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MyIRSRelief

DECEMBER 29, 2023

Employment taxes can be a complex area for businesses, especially when it comes to Form 941, the Employer’s Quarterly Federal Tax Return. This form is used to report income taxes, social security tax, or Medicare tax withheld from employee’s paychecks, and to pay the employer’s portion of social security or Medicare tax. However, mistakes can happen, and when they do, they can lead to significant tax problems.

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Tax payroll tax income tax payroll 130

Going Concern

DECEMBER 28, 2023

I’m breaking my holiday vacation with this news: Attention all CPA Exam Candidates… pic.twitter.com/YwBD3uym2l — NASBA (@NASBA) December 27, 2023 Make sure you check out the comments. The funniest part is they posted this on Tuesday like everything was going to be normal: #CPAExam candidates! Waiting for your score(s)? They will be released tonight at 7 p.m.

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CPA 120

CPA Practice

DECEMBER 28, 2023

By Christopher Stark, Founder & CEO, Cetrom. ChatGPT ushered in a new era of automation in accounting (link goes to YouTube), for better or worse. While technology has made many content-based tasks much easier, questions remain about its accuracy and security. This machine learning-powered chatbot with the GPT-3 engine at its core has captivated people’s attention with its rapidly evolving ability to interpret questions and commands to produce generally coherent natural-language responses.

accounting firms 119

accounting firms Account accountant accounted 119

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

DECEMBER 29, 2023

The Internal Revenue Service and Treasury plan to propose regulations on a requirement for a product identification number, and they're asking for comments ahead of time on the PIN requirement.

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Tax 117

CTP

DECEMBER 28, 2023

If you are working with a company that sells goods made in the U.S. in foreign markets, you may want to introduce this lucrative tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” Geared specifically toward American exporters, this incentive helps companies become more globally competitive by lowering their U.S. taxes.

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Tax Manufacturing Agriculture income tax 111

Going Concern

DECEMBER 29, 2023

It’s here! The barely anticipated year-end phoning in of content look back on what news was important to Going Concern readers and Google visitors in 2023. This ranking is derived from analytics data thus is more trustworthy than the editorial team trying to remember what story was big back in March. While you’re here, let us say thanks for reading and we’ll see you in 2024.

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auditor Florida audit 109

CPA Practice

DECEMBER 29, 2023

In the 2024 presidential election year, you may have another important election to consider, although this one is on your personal tax return. Depending on your situation, you might elect to forgo preferential tax treatment on certain long-term capital gains and qualified dividends in favor of deducting investment interest expenses. Background : Generally, the tax law allows you to deduct the investment interest expenses you incur during the year—for example, when you buy stock on margin— but on

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Tax tax return income tax Sales 115

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

Accounting Today

DECEMBER 27, 2023

The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.

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Tax 117

Insightful Accountant

DECEMBER 26, 2023

What better time of the year to find out what you are thinking.ProAdvisors are invited to January's "open microphone' edition of QB Talks to tell us what you think about the ProAdvisor Awards, the ProAdvisor Program and recent QB-Desktop news.

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Going Concern

DECEMBER 25, 2023

It’s Christmas, why are you even here? THERE’S NO ACCOUNTING NEWS. Now go forth and be merry. Love, GC p.s. if your nieces or nephews mention Skibidi Toilet at dinner tonight do yourself a favor and don’t Google it. I’ve been stuck in a YouTube hole for the last two days, send help. The post A Brief Message From Santa appeared first on Going Concern.

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Account accountant accounted 109

CPA Practice

DECEMBER 25, 2023

Organizations have increasingly been drawn into societal conversations around social change, and are often expected by some to take action, while others may express irritation at such moves by businesses. But according to a new survey from The Conference Board, fewer than half of U.S. workers (44%) are satisfied with their organization’s response to social change issues like racism and gun violence.

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Maine Account accountant accounted 110

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Finance

Accounting Today

DECEMBER 29, 2023

The Internal Revenue Service needs to make improvements to protect the health and safety of employees working at an underground file storage site, where the perils include falling rocks and broken ladders.

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Missouri Tax 115

AccountingDepartment

DECEMBER 28, 2023

Each year, our team gears up to attend events all over the United States that AccountingDepartment.com proudly sponsors. As a proud supporter of Vistage International, Entrepreneurs’ Org, EOS Worldwide, CEO Coaching International, Genius Network, Small Giants Summit, HubZone, Women Presidents’ Organization, and B2B CFO®, our team gets to experience many great events, meet many amazing people, and see our clients from all over.

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B2B 95

Randal DeHart

DECEMBER 29, 2023

To be in business and to remain in business, become a business person! To run a business, you must be business-like. It's not sufficient just to be very good at what you do. Many people who are 'very good at what they do' have failed. The familiar cry: "I'm far too busy for that" is no excuse. Are you 'too busy' to be a competent businessperson? If so, your construction business won't last long.

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Construction bookkeeping Account accountant 92

CPA Practice

DECEMBER 28, 2023

Jeff Ostrowski Bankrate.com (TNS) Many people view debt as the financial enemy and strive to pay it down as quickly as possible. That strategy is a wise one for high-interest obligations like credit card balances, but when it comes to mortgages , the math isn’t as clear-cut. You might be better off putting those payoff funds toward investing, some experts say, while others believe it’s better to unload your debt, then focus on investments.

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Finance Real Estate Florida Tax 98

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Accounting Today

DECEMBER 28, 2023

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.

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accounting standards financial accounting Account accountant 117

Patriot Software

DECEMBER 29, 2023

Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity.

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payroll tax payroll Tax 90

GrowthForceBlog

DECEMBER 26, 2023

7 min read In collaboration with the American Council of Engineering Companies (ACEC), Association of Consulting Engineering Companies Canada, American Institute of Architects (AIA), and Society for Marketing Professional Services (SMS), the software company, Deltek recently released the results of its 43rd annual report, Clarity: Architecture & Engineering Industry Study.

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CPA Practice

DECEMBER 27, 2023

By Ali Donaldson, Inc. (TNS) The IRS is offering businesses a big present just in time for Christmas: a chance to avoid an audit or criminal investigation. The agency launched a new program to help businesses that applied for “questionable” employee retention credits (ERC) and received them, particularly companies that may have filed for the credits in error.

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audit payroll Tax Account 124

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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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