Sat.Apr 20, 2024 - Fri.Apr 26, 2024

article thumbnail

Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. In Corona, CA, part of the Inland Empire, taxpayers and businesses often seek clarity on resolving these issues effectively. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. 1. What is Audit Representation and How Can It Help Me in Corona, CA?

Tax 130
article thumbnail

3 Common HR “Gotchas” That Could Get You During Due Diligence

BurklandAssociates

Many startup founders fail to realize that neglecting HR compliance can lead to significant red flags during investor due diligence. The post 3 Common HR “Gotchas” That Could Get You During Due Diligence appeared first on Burkland.

130
130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Illinois CPA Society Announces 2024 Outstanding Leadership Award Recipients

CPA Practice

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards. “It’s an honor to formally recognize those who have gone above and beyond in their service to both our organization and the accounting profession,” says Geoffrey Brown, CAE, ICPAS president

Illinois 115
article thumbnail

Optimizing Cash Flow Management for E-Commerce Businesses

AccountingDepartment

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight. Poor cash flow management could capsize even the most promising ventures, while a firm grasp on financial inflows and outflows can propel your e-commerce business forward, ens

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

QuickBooks Monday Minute | A Step-by-Step Guide to Creating a Pivot Table in QuickBooks Online

Insightful Accountant

If you haven’t learned to harness the power of the pivot, you’re missing out! Follow this detailed, step-by-step guide to create your own pivot tables in QBO and harness the full power of your financial data.

article thumbnail

Deloitte audits nature-related risks on Earth Day

Accounting Today

Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws around the world as the pace of climate change accelerates.

audit 72

More Trending

article thumbnail

Audits Are a Joke and Here’s Why According to a Salty Old Industry Veteran

Going Concern

Ed. note: By “salty” I mean in the experienced sailor/pirate way, not the modern definition of someone who’s just mad because they suck. Industry OG and commentator Gene Marks has written an opinion piece for The Hill about what audits actually are that is less opinion and more brutal fact: Why you should be very skeptical of that auditor’s report.

audit 69
article thumbnail

The Future of Offshoring: Key Drivers and Success Factors

Accounting Insight

The global economic playing field is undergoing a significant shift. As a result, the way companies approach offshoring is likely to be fundamentally transformed. This transformation is being driven by four key factors that are leading to a surge in offshoring activity. Developments in technology: Recent progress in technology has made offshoring a practical and budget-friendly option for many businesses.

Account 59
article thumbnail

Tap overlooked tax breaks to help small business owners

Accounting Today

Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.

Tax 67
article thumbnail

Here’s the Salary a Person Needs to Actually Take Home $100,000 in Every State

CPA Practice

By Leada Gore, al.com (TNS) Most people would snap up a job with pay of $100,000 a year. But bringing that amount home will require good deal more income, according to a recent analysis. GoBankingRates.com looked at how much you need to earn in each state to actually bring home $100,000 a year. The analysis accounts for average federal income taxes and withholdings for Social Security and Medicare, as well as state and local taxes.

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

Weekend Discussion: So How Was Tax Season?

Going Concern

With April 15 come and gone I figured now would be a good time to ask you how it went. I’ll tell you what I saw from my perspective (I stalk all of you on social media but it’s my job so it’s not creepy). Some time last year I noticed more and more practitioners and firm owners on #TaxTwitter expressing a desire to take a step back and sort out the problem clients before filing season hits.

Tax 75
article thumbnail

The Top 25 Up-n-Coming ProAdvisors for 2024

Insightful Accountant

Insightful Accountant proudly announces this year's Top 25 Up-n-Coming ProAdvisors. Congratulations to all being recognized as this year's award recipients.

Account 77
article thumbnail

Work less, do more

Accounting Today

Consultant Geraldine Carter explains why it's not the hours you work that matter, but what you and your clients get out of them.

64
article thumbnail

Survey Shows Divide Among Finance Pros When it Comes to the Future of Finance

CPA Practice

The AICPA & CIMA have released their “Redefining Finance for a Sustainable World ” white paper, the latest iteration of their Future of Finance research program. Originally launched in 2019 as the Re-inventing finance for a digital world white paper, this extensive global research program explores the future of the accounting and finance profession in the age of disruption and its broader ecosystem, defining essential skills, competencies, and knowledge needed to succeed in an ever-changing

Finance 69
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

On-Demand Webinar: Cybersecurity – It’s More Than HIPAA: NY Regulatory Refresher for 2024

Withum

In December 2023, New York Governor Kathy Hochul announced proposed cybersecurity regulations for New York hospitals. These new regulations are extremely comprehensive and exceed the security requirements currently found in other Federal and state laws. Once these proposed regulations are published in final form, it is anticipated that hospitals will have only one year to make wholesale changes to their IT systems.

article thumbnail

Production Metrics for Lawyers: ‘Levers’ to Increase Revenue

Anders CPA

As a service-based profession, law firms have to keep a careful eye on their production metrics: That means understanding how busy their people are but also how efficient. Under the umbrella of production metrics, we have several Key Performance Indicators that partners can use to gauge the success of their firm at any point in time. But we refer to them as ‘levers,’ because we want to empower firm owners to think about the ways they can ‘pull’ these non-financial metrics to boost their profitab

article thumbnail

How corporate trade and tax professionals can be smart about mapping and product classification

ThomsonReuters

For corporate tax professionals, navigating the ever-evolving landscape of tax codes and regulations is often a daunting task. Selecting the correct product classification codes and ensuring compliance with frequently changing and sometimes uncertain rules in one country can be complicated enough. But for those engaged in global trade across several jurisdictions, the level of complexity is multiplied.

Tax 52
article thumbnail

EY Is the Busiest Among the Public Company Audit Firms

CPA Practice

The 10 accounting firms that had the most public company audit clients in 2023 are the same 10 firms atop the table in auditor market share so far in 2024, with EY leading the way as of Jan. 30. According to a recent study from Ideagen Audit Analytics , EY audits 971 public companies registered with the Securities and Exchange Commission (SEC), with a total market share of 14.7%.

audit 59
article thumbnail

Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

Cybersecurity Services

Cherry Bekaert

Protecting your company’s data has never been more important. Cybersecurity and privacy breaches can impact the reliability and availability of your systems and data, leading to potential financial loss, reputational damage, legal consequences, and the disruption of business operations. A comprehensive approach to cybersecurity protects sensitive information, customer data, and systems from unauthorized access, theft or disruption.

52
article thumbnail

Art of Accounting: I walked the talk

Accounting Today

Tax season is the best time of the year for memorable on-the-job experiences.

Account 72
article thumbnail

Tragedy Strikes EY Partners’ Pockets

Going Concern

Reported on Friday, Sky News was tipped to a situation at EY UK that could not have been received well by the firm’s 930 equity partners: They won’t be getting record-smashing payouts this year. Stuart Gregory , EY UK & Ireland Managing Partner, Finance and Transformation, supposedly gave a presentation informing fellow partners that profit-per-partner could go down as much as 15 percent for this fiscal year ending June 30.

57
article thumbnail

If You Missed It, Here’s the IRS ‘Dirty Dozen’ Tax Scams List For 2024

CPA Practice

By Melissa Angell, Inc. (TNS) The IRS is cautioning taxpayers to be aware of its so-called “Dirty Dozen” list. Each year, the IRS puts out a list that compiles prevalent schemes against taxpayers. The list serves as a reminder to remain vigilant about tax scams not only during tax season, but all year long. Taxpayers should take note, given the uptick in problems seen in recent years: The IRS received 294,138 cases of tax-related identity theft during fiscal year 2023, up from the 92,631 cases s

Tax 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

Intuit Hosting 'QuickBooks Live' Webinar

Insightful Accountant

Intuit will unpack the latest updates to its QuickBooks Live strategy to prioritize its assisted, do-it-with-me service, taking place on Wednesday, April 24th.

article thumbnail

Counting on Your Future: Exploring the World of Accounting and Advisory

Anders CPA

Thursday, June 27 The post Counting on Your Future: Exploring the World of Accounting and Advisory appeared first on Anders CPA.

Account 52
article thumbnail

Former ADM CFO to resign after accounting probe

Accounting Today

Luthar, who was suspended in January, will be 'available to assist the company and provide transitional support' as a non-executive employee until Sept. 30.

58
article thumbnail

How CPAs Can Compete in the AI Race

CPA Practice

By Chris Stephenson and Eric Hylton. The race to integrate Artificial Intelligence into the workflow of Certified Public Accountants is no longer a futuristic concept, but a current reality. Large accounting firms have made substantial strides in using AI to augment their services and deliver high quality outcomes. Yet, for many CPA firms, particularly small to mid-sized organizations, the current pace of technological advancement can seem dauting.

cpas 52
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

Don't Forget.QB Talks is Tomorrow, Wednesday April 24th

Insightful Accountant

This week's QB Talks on April 24, 2024 at 2:00 PM (EDST) is all about the new 'Modern View' Reports that Intuit is rolling out into QuickBooks Online. You won't want to miss it.

article thumbnail

The Tipping Act – planning and technology are the key to being ready

Menzies

Menzies LLP - A leading chartered accountancy firm. New legislation to come in from 1st Oct The Department for Business & Trade published the Code of Practice on Tipping, setting out guidance on how tips can be distributed when the new law comes into place from 1st October , which is a three month delay from what we previously expected. You will now have longer to prepare for a transformative shift in the hospitality industry, as new legislation is set to revolutionise tip handling from this

52
article thumbnail

Prepare for 2025 and These Sunsetting TCJA Tax Changes

Anders CPA

The Tax Cuts and Jobs Act (TCJA) of 2017 was a major tax reform law that overhauled the US tax code, affecting both businesses and individuals. Most of the tax changes made by the TCJA are set to sunset or revert to their previous state at the end of 2025. This will happen unless Congress acts to extend these provisions or make them permanent. In the meantime, taxpayers should be aware of the potential tax implications of the sunset and plan accordingly with an advisor.

Tax 52
article thumbnail

Payroll Tax News Updates: April 2024

CPA Practice

Tax Blotter 042224 Under the trust fund recovery penalty (TFRP), a “responsible person” may be held personally liable for the full amount of an employer’s unpaid employment taxes. This issue is often contested in the courts. Not my job. The job of a manager in an auto repair shop mainly consisted of running errands for the owner and doing other odds and ends.

article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.