MyIRSRelief
APRIL 22, 2024
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?
CPA Practice
APRIL 22, 2024
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
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RogerRossmeisl
APRIL 17, 2024
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off or terminated from employment, taxes are likely the last thing on your mind. However, there are tax implications due to your altered employment circumstances.
BurklandAssociates
APRIL 16, 2024
Burkland’s Fractional CFO team shares a list of cost-saving tips that venture-backed startups can employ to optimize their financial resources. The post Cost-Saving Tips for Startups: Maximize Your Cash Runway appeared first on Burkland.
Advertiser: Paycor
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Going Concern
APRIL 18, 2024
I wish I’d written this news up hours ago when I got a PR email about it, AT scooped us. Oh well. Here’s the news as it was delivered to me: Today, PwC US’ next senior partner, Paul Griggs, introduced our new leadership team—the Operating Committee. You can learn more about all the leaders here [link to the Our US Leadership Team page on PwC’s website].
RogerRossmeisl
APRIL 17, 2024
Occupational fraud is a crime generally committed by employees against their employers. Ironically, employees also are most likely to notice or suspect occupational fraud schemes conducted by their coworkers or managers. Whether they report through an anonymous tipline or directly to management or HR, rank-and-file workers often are the first to raise the alarm.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
APRIL 18, 2024
Murph takes a first look at 'Figured', a cloud-based agribusiness software app that works with either QuickBooks Online or Xero and that he thinks is '"perfect for farming and ranching.
CPA Practice
APRIL 22, 2024
By Paul Liotta, Staten Island Advance, N.Y. (TNS) The Social Security Administration typically releases annual cost-of-living adjustments (COLA) in mid-October, but one organization says it will likely be lower in 2025 than years past. The Senior Citizens League, a nonpartisan senior citizens group, released a 2025 COLA estimate of 2.6% April 10. If the estimate holds, that number was lower than the two previous years when the Social Security COLA brought the total benefit up 8.7% in 2023 and 3.
Going Concern
APRIL 19, 2024
Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a bunch of them are hesitant to move to the cloud. In 2024. The survey of decision makers and influencers at accounting, tax and bookkeeping firms revealed that nearly 60 percent of respondents identified their firms as slow adopters of new technologies like AI.
RogerRossmeisl
APRIL 17, 2024
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year §179 depreciation deductions and first-year bonus depreciation deductions. These two deductions can potentially allow businesses to write off some or all of their qualifying asset expenses in Year 1.
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
APRIL 17, 2024
A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.
Insightful Accountant
APRIL 17, 2024
Get a jump on transitioning to the new 'Modern View' Reports that Intuit is starting to roll out into QuickBooks Online by attending Insightful Accountant's QB Talks on April 24, 2024 at 2:00 Eastern Daylight Saving Time.
CPA Practice
APRIL 18, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, look at the practice management, billing and collections platform Aiwyn. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use this podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Randy Johnston 00:00 Hey, welcome to Technology Lab.
Going Concern
APRIL 17, 2024
According to an article published Monday in the Pittsburgh Post-Gazette , BDO will be moving its Pittsburgh office from the current space in the Heinz 57 Center at 339 Sixth Ave to the new FNB Financial Center at 632 Washington Place. They’ll be taking the 18th floor when they move in next year. PPG says : In a statement, Deron Curliss, assurance practice leader in BDO’s Pittsburgh office, said the new space will provide “a flexible and collaborative work environment” for employees.
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
RogerRossmeisl
APRIL 17, 2024
Many businesses support their communities by donating to local charities. Although there are plenty of non-profits that deserve your support, some exist solely to facilitate fraud. How can you avoid the latter? Familiarize yourself with the deceptive tactics scammers use and carefully screen charities for legitimacy — before you write a check. Branding tricks Fraud perpetrators employ many tried-and-tested approaches to trick businesses into donating to fake charities.
Accounting Today
APRIL 18, 2024
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.
KROST
APRIL 17, 2024
KROST’s Assurance & Advisory Senior Manager, Rebecca Hickle, CPA, has been nominated for the CalCPA Women to Watch: Emerging Leader award! This year, there are 47 nominees and three award categories, including Emerging Leader, Experienced Leader, and Trailblazer of the Year. The annual recognitions honor outstanding women making an impact in the profession and industry.
CPA Practice
APRIL 22, 2024
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.
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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.
IgniteSpot
APRIL 17, 2024
As entrepreneurs, especially those of us who navigate the tumultuous seas of business development with a do-it-yourself ethos, making decisions that impact our financial health can seem daunting. Yet, the mastery of this aspect—particularly the financial and accounting decisions—is what separates thriving businesses from those that merely survive. The key is not in avoiding decisions but in making informed, strategic choices with a clear understanding of their long-term consequences.
RogerRossmeisl
APRIL 17, 2024
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If you inherit a tax-favored retirement account, including a traditional or Roth IRA, you’ll also have to deal with these rules. Specifically, you’ll have to: 1) take annual withdrawals from the accounts and pay the resulting income tax and/or 2) reduce the balance in your inherited Roth IRA sooner than
Accounting Today
APRIL 16, 2024
President Joe Biden and First Lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023.
Patriot Software
APRIL 16, 2024
Despite your best efforts, accidents can happen in the workplace. When they do, you must fill out a workplace incident report. OSHA, the Occupational Safety and Health Administration, requires that all employers report qualifying workplace incidents. And, most employers must submit OSHA forms for other injuries and illnesses.
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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.
CPA Practice
APRIL 16, 2024
Retail sales continued to increase in March along with job growth and tax refunds, which put more money in shoppers’ pockets, according to data from the U.S. Census Bureau. “March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure,” said National Retail Federation Chief Economist Jack Kleinhenz.
Going Concern
APRIL 17, 2024
Ever since the news broke in early 2023 that a PwC Australia partner brought confidential government tax changes back to the firm for the purposes of monetizing it for corporate tax avoidance, the firm has been struggling to crawl out from under the garbage heap of a scandal. Which is whatever, every Big 4 firm has taken reputational damage on the chin and kept truckin’ But for Big 4 firms in Australia, the fatuous actions of their competitors at PwC have brought unwanted scrutiny and a st
RogerRossmeisl
APRIL 17, 2024
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April 15 If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any
AccountingDepartment
APRIL 22, 2024
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
Advertiser: Paycor
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Ronika Khanna CPA,CA
APRIL 19, 2024
Residents of Canada are required to reflect all sources of worldwide income on their personal tax returns. For most individuals, who have investments with Canadian based banks and brokerages, this is fairly straightforward as you will receive the relevant tax slips, usually by March 31st of the year following the end of the calendar year i.e. for the 2023 tax year, you should receive all investment related tax forms and slips by March 31st, 2024.
CPA Practice
APRIL 16, 2024
By Lizzy McLellan Ravitch. The Philadelphia Inquirer (via TNS) Molly Kowal decided to become an accountant in part because she knew it would be a stable career. After graduating from college in 2021, she saw friends in other fields struggling to find work but knew she would be able to find a job. But that doesn’t mean she’s willing to work into the wee hours during busy season.
Randal DeHart
APRIL 19, 2024
If you're like many construction business owners, you may need help understanding your finances or how you can use your financial information to make decisions for your business. We often get into business because we love a product or service we want to provide, but it's less common that we love managing the financial aspects of our business. As a construction company owner, you have the best chances of success when you regularly set budgets, develop financial forecasts, and establish goals.
RogerRossmeisl
APRIL 17, 2024
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home. In either case, you may wonder about the tax implications of renting it out for part of the year. Count the days The tax treatment depends on how many days it’s rented and your level of personal use. Personal use includes vacation use by your relatives (even if you charge them market rate rent) and use by nonrelatives if a market rate rent isn’t ch
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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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