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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%.

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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.

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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.

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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.

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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.

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EY Gets Caught Up in Independence Violations Because Audit Partner Rotation Is For Chumps

Going Concern

Gigantic UK-based energy company Shell announced yesterday it will be updating its 2023 and 2024 Form 20-Fs “due to EY non-compliance with audit partner rotation rules” after EY UK told them they’d discovered a small audit partner rotation issue for those years.

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Broker-dealer audit deficiency rates remain high

Accounting Today

It found at least one deficiency in 17 (59%) of the 29 examination engagements it reviewed, a decrease of two from 2023. The PCAOB reviewed 64 engagements and found at least one deficiency in 27 (42%), consistent with the 2023 results. Courtesy of PCAOB Results were consistent year to year across firms review engagements.

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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

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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

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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!

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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!

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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!

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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

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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.

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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?