CPA Practice

NOVEMBER 24, 2023

By Molly Crane-Newman, New York Daily News (TNS) Tears were shed at the Trump Organization’s fraud trial Tuesday when longtime company controller Jeffrey McConney fell to pieces on the witness stand testifying about the dramatic conclusion to his storied career working for Donald Trump. ©2023 New York Daily News.

New York 52

New York accounting and finance bookkeeping Legal 52

MyIRSRelief

MAY 15, 2024

Improper reporting of reimbursements under accountable plans, as outlined in IRC Section 62(c). Resolution through an Enrolled Agent: EAs can provide clarity on the classification of workers and help set up accountable plans for volunteer reimbursements that comply with IRS guidelines, ensuring that reimbursements are not taxed as income.

Tax 130

Tax payroll tax payroll tax preparation 130

Going Concern

JANUARY 13, 2023

A group representing minority shareholders on Friday filed a complaint with Brazil’s securities regulator against Americanas SA after the retailer uncovered “accounting inconsistencies” totaling 20 billion reais ($3.89 Trump’s Company Gets Maximum Punishment for Evading Taxes [ New York Times ].

audit 98

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Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Monday Morning News Brief will be published Tuesday. The Monday Morning News Brief will be published Tuesday. Check out this week’s top remote accounting candidates.

Account 98

Account accountant accounted audit 98

Going Concern

SEPTEMBER 29, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching. What CPAs can learn from Smucker’s [ Accounting Today Voices ] J.M.

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MyIRSRelief

MAY 1, 2024

Here are the Top 20 Industries for US SMBs with under 100 Employees we can assist: Business Services (Specialized): This category remains prominent, but with a focus on specializations like marketing agencies, IT support, bookkeeping, and niche consulting services. Get business tax help today! Contact us at 1-877-78-TAXES [1-877-788-2937].

Tax 130

Tax tax planning audit Non-Profits 130

CPA Practice

FEBRUARY 28, 2023

The American Institute of CPAs (AICPA) and CPA.com announced its 2023 Startup Accelerator cohort at a kick-off meeting held at AICPA headquarters in New York. This year’s participants include five early-stage companies pursuing a variety of solutions in audit, accounting, tax and e-commerce.

E-commerce 52

E-commerce Technology Texas cpa firm 52

CPA Practice

DECEMBER 11, 2023

As we enter 2024, it’s natural to wonder what the future holds for this transformative emerging technology, especially for accountants. At the Ensuring Success Conference in Dallas , a session called “AI For Real: How Can Accountants Use This Technology?” reaches deal on landmark AI bill, racing ahead of U.S.

Technology 124

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PYMNTS

JANUARY 13, 2020

The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

B2B 89

B2B Kentucky Colorado Minnesota 89

Going Concern

MARCH 24, 2023

Journal of Accountancy ] Pandemic pressures have worn the workforce thin, and the economy is in the thick of rapid, radical change. Many practitioners in public accounting are feeling burned out. Stanton was licensed as a certified public accountant in New York in 1988 and had previously run his own firm.

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xendoo

APRIL 23, 2021

Over the past year, COVID-19 has driven massive numbers of financiers and entrepreneurs from the dense metropolitan areas of California and New York here to southern Florida. Lil Roberts experienced the shortfalls of the archaic accounting industry first-hand. Ideal Conditions for Progress.

Florida 52

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CPA Practice

DECEMBER 10, 2023

It’s taking the focus solely off of shrinking the tax bill to create proactive conservations where the client begins to say, “Let me talk to my accountant first.” Equipping the client with data, and ensuring they understand the big picture, is what makes tax advisory sparkle.

tax planning 69

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Going Concern

JULY 28, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. News Obituary of Jerome A. According to his family, he originally had planned to become a chemical engineer but changed to accounting because of ongoing prejudice against Jews.

Gambling 80

Gambling audit Technology accounting firms 80

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline. Certainly, credit goes to all who are attempting to do something.

Government 75

Government Gambling audit CPA 75

Going Concern

FEBRUARY 2, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. But the challenges she is facing defy simplicity.

audit 105

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PYMNTS

MAY 14, 2019

New York-based growth fund Stripes led the funding round, and Founders, Creandum and Kinnevik also participated. The new round brings the company’s valuation to slightly under $500 million, and the total amount raised so far to $79 million.

bookkeeping 64

bookkeeping Expense Management New York account management 64

Shay CPA

DECEMBER 2, 2022

New York State is a great example of this. There are some strict rules around receiving exemptions – See below: In New York : Purchases of tangible personal property for use or consumption directly and predominantly in research and development in the experimental or laboratory sense can be made without paying sales tax.

Tax 59

Tax CPA tax planning payroll tax 59

Going Concern

JANUARY 6, 2023

So customers have filed more than a half-dozen proposed class actions against the NFL’s Tom Brady, accounting firm Prager Metis and Bankman-Fried as an individual, among others. 2024 CPA Exam Blueprints released [ Journal of Accountancy ]. Employers added 223K jobs in December, but cut 1,100 in accounting [ Accounting Today ].

cpa firm 52

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SingleTrackAccounting

APRIL 12, 2021

At Singletrack Accounting, we love hearing from happy small business owners that our team has saved time, headaches, and the stress of the dreaded tax filing season. Kim: When you first started your business, was accounting on your mind? I would then take that day at the very last minute and go through all my bookkeeping.

bookkeeping 52

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Going Concern

FEBRUARY 23, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Accountingfly has a ton of talented professionals ready to get onboarded right away.

CPA 95

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CPA Practice

MARCH 30, 2023

Molly Crane-Newman New York Daily News (via TNS) Donald Trump was indicted Thursday by a Manhattan grand jury in the Stormy Daniels hush money probe, an unprecedented legal move that marks the first criminal charges in U.S. history brought against a former president, The New York Daily News has learned.

Real Estate 65

Real Estate New York Legal Finance 65

Going Concern

MARCH 4, 2022

Pandemic has exacerbated tax-season anxiety, accountant says [ Global News ] No s**t? in Tax Season ‘Chaos’ [ New York Times ] At the Internal Revenue Service’s sprawling Kansas City, Mo., Antar (@SamAntar) March 4, 2022. Decades of Neglect Leave I.R.S. The NFT, Woman #2681, was purchased on Feb.

audit 64

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Xero

OCTOBER 4, 2022

Yet, no matter how good technology becomes, small businesses will always need the advice, support and coaching from an accountant or bookkeeper to enable long-term business success. JPG provides accounting and finance services for small businesses across the United States. Gustavo Suarez, Founder and CEO of JPG.

accounting and finance 97

accounting and finance Start-ups bookkeeping Finance 97

PYMNTS

MARCH 9, 2020

“Now, the actors involved are a lot more sophisticated and share intelligence and organized networks,” said Michael Driscoll, who is the special agent in charge of cyber-and-counterintelligence at the FBI’s New York unit.

Real Estate 56

Real Estate B2B payroll accounts payable 56

CPA Practice

AUGUST 31, 2023

Add the retirement conversation to your advisory agenda : Often, clients don’t know what to expect from their accountant or an advisory relationship. Advise your client throughout the year on strategies such as estimated tax payments, early withdrawals from retirement accounts, and the max income limits to qualify to contribute to a Roth IRA.

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Xero

AUGUST 16, 2022

Xerocon New Orleans is a unique opportunity to hear about the latest news and updates in the Xero community, get inspired by world-class keynote speakers, and connect with powerful apps, tools and services providers from across the accounting and small business industries. GoCardless.

Technology 73

Technology New York payroll accounting firms 73

xendoo

JULY 15, 2022

Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. Luckily, we’ve put together this guide on how to set up payroll, with some insider accountant tips to make it less painstaking for business owners. . How to Set Up Payroll. Get an Employer Identification Number.

payroll 59

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PYMNTS

JUNE 28, 2019

KoinWorks said it will use the investment to expand its team, drive new partnerships and invest in its underlying technology. New York-based Ocrolus provides lenders and other financial service providers with technology to analyze and accelerate their financial decisions.

Technology 43

Technology B2B Utah accounting and finance 43

PYMNTS

OCTOBER 8, 2018

The tool would target businesses’ inter-company transactions for streamlined payments, bookkeeping and reconciliation. Research from Deloitte published in 2016 found that inter-company accounting can be a particularly high-risk operation and introduce more friction to company processes. Banking Tech reports on Monday (Oct.

B2B 51

B2B bookkeeping New York Legal 51

PYMNTS

OCTOBER 25, 2019

Cybersecurity startup Firedome announced $10 million in new funding this week. Starling Bank plans to use the funding to invest in its retail and SMB banking account offerings, as well as augment its B2B services and expand further into Europe.

B2B 40

B2B B2C Expense Management accounting and finance 40

PYMNTS

DECEMBER 17, 2019

A press release announcing the pilot also revealed that Metro Bank plans to expand the integration’s capabilities into services like invoicing and bookkeeping. Separately, New Zealand-based ASB Bank, owned by the Commonwealth Bank of Australia, reportedly participated in a $1.7

accounting and finance 54

accounting and finance bookkeeping small business accounting New York 54