RogerRossmeisl
JUNE 5, 2024
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership interest if the target business is operated as a corporation, partnership or LLC.
BurklandAssociates
JUNE 4, 2024
Effective payroll management ensures compliance, enhances employee satisfaction, and provides a strong foundation for sustainable growth. The post Good Payroll Practices are Essential for Growing Startups appeared first on Burkland.
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Accounting Today
JUNE 7, 2024
While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it's losing ground is in processing all the documentation for tax adjustments.
CPA Practice
JUNE 4, 2024
The American Institute of Certified Public Accountants and CPA Practice Advisor have announced the recipients of the ‘Most Powerful Women in Accounting’ awards, now in their 13th year, which recognize leaders for their significant contributions to the profession. The 2024 awards were presented on the main stage at during the AICPA ENGAGE conference at the Aria Resort and Casino in Las Vegas on June 4, 2024.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Going Concern
JUNE 7, 2024
By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver As much as I enjoy reading Going Concern, I find the article titled “ Did the Anti-150 Hour Crowd Finally Beat the AICPA Into Submission? Looks That Way ” troubling. Busy people might read only the title and believe that the “extra 30” is dying.
RogerRossmeisl
JUNE 5, 2024
Occupational fraud isn’t just a financial threat. It can potentially change a business’s reputation, culture and relationships. But before dealing with any larger ramifications of fraud, defrauded companies must first “clean up” the mess. This may include potentially terminating the perpetrator, taking civil action or referring the perpetrator to the police.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JUNE 4, 2024
The Internal Revenue Service's plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House next year.
CPA Practice
JUNE 5, 2024
By Suzanne Lucas, Inc. (TNS) Everyone says people don’t leave jobs; they leave managers. And yet, managers don’t get the feedback they need to improve, according to a new survey from Gallup. As a result, many think they’re doing a better job than they actually are. Here’s what you need to know—and what you can do about it. Managers and employees don’t see eye to eye Gallup found a disconnect across the board between manager self-perception and employee sentiment: Manager responsiveness “72 per
Going Concern
JUNE 4, 2024
Last week, I wrote a way too long piece on the Institute of Chartered Accountants in England and Wales (ICAEW)’s recent report “ Evolution of mid-tier accountancy firms.” Through a survey of managing partners at mid-tier firms across the pond, ICAEW took their temperature on five topics most impacting accounting firms of all sizes in current year: Firm structure and operational model Leadership and culture Talent Technology Financial performance and service lines See: Here’s Ho
RogerRossmeisl
JUNE 5, 2024
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land that you want to subdivide into lots, develop them and sell them off for a big profit. Either way, you’ll incur a tax bill. For purposes of these examples, let’s assume that you own the vacant land directly as an individual or indirectly through a single-member LLC (SMLLC), a partnership or a multi-member LLC that’s treated as a partnership for
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Xero
JUNE 4, 2024
We want to make sure the needs of small businesses and their advisors are met well into the future, and that means providing you with easier access to tools that help you run your business efficiently. So we’re refreshing our subscription plans for small businesses and partners with new plans which will be available from 12 September 2024. We’ve put a lot of consideration into creating simplified plans with bundled tools and features, to help solve your most important accounting and people manag
Accounting Today
JUNE 5, 2024
The Internal Revenue Service is turning to artificial intelligence to help select tax returns to audit and narrow the tax gap, but it needs to use this new technology consistently and transparently, according to a new government report.
CPA Practice
JUNE 4, 2024
By Kit Eaton, Inc. (TNS) Gen Z workers aren’t just the youngest folks in the office. They’ve got a radically different approach to how they make a living than preceding generations. Consider fresh data from the freelancer networking company Upwork to see why. Its new survey shows many Gen Z workers are basically shunning traditional office work norms altogether.
Going Concern
JUNE 6, 2024
It’s now June 6 and the four biggest and most prestige-iest professional accounting services providers in the world should have their logos covered in rainbows by now. It’s tradition. Slap the rainbows on on June 1, tweet a bunch of out and proud PR fluff about your LGBT staff, and then quietly pack the rainbows away on June 30 until the following year.
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.
RogerRossmeisl
JUNE 5, 2024
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole proprietorships, partnerships, limited liability companies, C corporations and S corporations. In some cases, a business may decide to switch from one entity type to another. Although S corporations can provide substantial tax benefits over C corporations in some circumstances, there are potentially costly tax issues that you should assess before making th
AccountingDepartment
JUNE 6, 2024
In today's tumultuous economic climate, the importance of sound financial strategy cannot be overstated—especially for small and medium-sized businesses that might not have the buffer of large corporations. Financial Planning & Analysis (FP&A) isn't just a set of buzzwords; it's a compass for navigating the murky waters of modern economics. As we approach the second half of 2024, now is the time for businesses to fortify their financial plans.
Accounting Today
JUNE 6, 2024
A recent survey from Thomson Reuters said auditors find new technology that assists during the execution/fieldwork phase of an engagement to be most useful.
CPA Practice
JUNE 4, 2024
By Associated Press via Fast Company (TNS) The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets. The median pay package for CEOs rose to $16.3 million, up 12.6%, according to data analyzed for The Associated Press by Equilar.
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
Randal DeHart
JUNE 7, 2024
In the competitive construction industry, implementing efficient business systems can make a significant impact on the overall success and profitability of a construction business, regardless of its size or specialization. From streamlining operations to improving project management, adopting efficient systems can yield tangible benefits that truly pay off in the long run.
Going Concern
JUNE 5, 2024
Strap in, we’re going to talk about notable AI news from the last week-ish. I’m going to do my best to avoid our trademark sensationalism lest the language models feeding off every word we write decide sarcasm is the same as indisputable fact. While scrolling Twitter today as I do every day, I kept coming across articles about some AI expert claiming that there’s a 99.9% chance AI will make the human race extinct.
Xero
JUNE 5, 2024
Xerocon London is just under a week away on 12 and 13 June, and the ExCeL exhibitor floor will be full to the brim with stands showcasing some of the best and most loved apps, tools and services for accountants, bookkeepers and small businesses. This year, you can expect to see just under 60 exhibitors at the event, including many leading Xero App Store app partners.
Accounting Today
JUNE 7, 2024
The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some victims waiting nearly two years.
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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.
Insightful Accountant
JUNE 2, 2024
QuickBooks recently hosted an Ecosystem Care Jam for accountants involving more than 300 QuickBooks employees from around the world.
GrowthForceBlog
JUNE 5, 2024
9 min read June 5th, 2024 Every department within a business requires its own leadership. While the CEO (chief executive officer) is in charge of envisioning a future for the company and coming up with a plan to steer it in the right direction, the CFO (chief financial officer leads the financial aspect of the business creating a financial strategy designed to support and fuel the overall business strategy.
Going Concern
JUNE 5, 2024
Announced Monday, Deloitte has acquired the assets — including software engineers, developers, and epidemiologists — of a disease surveillance business called CasePointer. If you try to visit CasePointer.com today, you are automatically redirected to Deloitte’s announcement. Said the press release : End Point’s team is one of the premier implementers of EpiTrax, an open-source platform for collecting, organizing and maintaining epidemiological data.
Patriot Software
JUNE 5, 2024
If you have a business bank account, you should regularly receive a paper or electronic statement. These business bank statements provide valuable information for managing your business finances. So if you’re tossing your unopened business bank account statements in a drawer or—worse—the trash, this one’s for you.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Accounting Today
JUNE 5, 2024
Between inflation and reduced contributions, charities and not-for-profits are being squeezed, and even though millions of them are tax-exempt, a lot of them need extra help and time to file their Form 990 with the IRS.
Xero
JUNE 5, 2024
Every year, Xero Awards gives us an opportunity to celebrate the incredible commitment and achievements of our accounting, bookkeeping, and ecosystem partners, who work tirelessly to help small businesses throughout Asia thrive. The last year has been a challenging one. Amidst macro economic challenges like inflation, rising costs and talent shortages, you have been the first line of support for Asia’s small business.
CPA Practice
JUNE 7, 2024
The Department of the Treasury and Internal Revenue Service have issued Notice 2024-48 (PDF) that publishes information taxpayers may use to determine whether they meet certain requirements under the Statistical Area Category or the Coal Closure Category in Notice 2023-29 for purposes of qualifying for the Energy Community Bonus Credit. These lists are provided in Appendix 1 PDF and Appendix 2 PDF of this notice.
Going Concern
JUNE 6, 2024
In the latest pspspsps , er PCPS survey (that’s Private Companies Practice Section) put out by the AICPA every two years, talent is winning as the biggest worry for every size firm surveyed except for sole practitioners. The “sole” in sole practitioner meaning people who work for themselves and don’t have staff so yeah, if they too were worried about finding talent we might really be in trouble.
Advertiser: Paycor
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.
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