article thumbnail

Refunds and sales tax

TaxConnex

Perhaps because of at-the-doorstep ease of using courier and delivery services versus standing in a snaking line in a brick-and-mortar store, items bought online are more likely to be returned: Capital One reports that eCommerce or online sales returns increased 7.22% from 2022 to 2023 while in-store returns dropped 19.3%.

article thumbnail

IRS Will Phase in $600 Form 1099-K Reporting Threshold in 2026

CPA Practice

At this time last year, the IRS said it would treat 2023 as an additional transition year, which “will reduce the potential confusion caused by the distribution of an estimated 44 million Forms 1099-K sent to many taxpayers who wouldn’t expect one and may not have a tax obligation.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Disclosures Regarding Audit Firm Oversight Have Plateaued, CAQ Report Finds

CPA Practice

For example, the report found that 50% of the S&P 500 included discussion of the audit committee considerations in appointing or reappointing the external auditor, which is barely up from 49% of the S&P 500 in 2023. 60% of S&P 500 boards disclosed they have a cybersecurity expert compared with 51% in 2023.

article thumbnail

Chaser celebrates a decade of revolutionizing accounts receivables with AI and automation

Accounting Insight

The introduction of automated SMS payment reminders, as well as automated debtor calls and postal letters in 2023 and 2024 has given businesses more ways to follow up on late payments. Integrating with leading business tools Chaser’s open API, launched in 2023, represents a major step in enabling greater flexibility for businesses.

article thumbnail

DOL Final Overtime Rules: Quickstart Guide for Employers

On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.

article thumbnail

OBBBA Includes Favorable Change for Depreciating Eligible Assets

RogerRossmeisl

The deduction percentage was generally reduced to 80% for 2023, 60% for 2024, and 40% for eligible assets placed in service between January 1, 2025, and January 19, 2025. Here’s what you need to know. The last time 100% bonus depreciation was allowed for eligible assets was in 2022.

article thumbnail

Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses

CPA Practice

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 million in invoices for products shipped during the 2023 fiscal year had not been recorded in Lovesac’s books and records until the first quarter of the 2024 fiscal year, according to the complaint.

article thumbnail

The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

July 13th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST

article thumbnail

Exploring the Overlap: Cost Optimization and Digital Transformation

Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM

April 19th, 2023 at 9:30 am PDT, 12:30 pm EDT, 4:30 pm GMT

article thumbnail

The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

March 22nd, 2023 at 9:30 am PDT, 12:30 pm EDT, 4:30 pm GMT Treasury’s Financial Crimes Enforcement Network (FinCEN) pursuant to the AMLA so far Anticipated impacts of the AMLA to financial institutions required to have AML programs and other entities Save your seat and register today!

article thumbnail

ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

July 20th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST This exclusive webinar with William Hord, Senior VP of Risk & Professional Services, will explore the answers to these questions and other foundational elements you need to start or validate your ERM program. Register today!

article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

August 23, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST Bales, Esq. is here to teach you: How to break compliance and security down into discrete components Tips and strategies to establish a functional compliance and security protocol for your organization Why compliance and security are moving targets - your job is never “done” And more!

article thumbnail

Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST

article thumbnail

Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

June 15th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT Join Carolina Aponte, Owner and CEO of Caja Holdings LLC, for an insightful discussion on: What makes a resilient balance sheet How you can change your mindset and look to the future of finance How to prioritize profitability over growth.

article thumbnail

Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

Your CFO vs. your CPA Statement of Cash Flows vs. Cash Flow Statements, and which one is more important to your business April 6th, 2023 at 9:30am PST, 12:30pm EST, 5:30pm GMT Attendees will walk away with an in-depth understanding of the following: What is accounting?