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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

People familiar with the matter told the Financial Times the UK firm had introduced the new grade to hold on to a key layer of senior accountants and consultants and to bring in external hires with higher salaries. For the Defense Department to pass its audit, it must account for more than dollars. forces dominant.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

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Mastering U.S. Federal Payroll Compliance

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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States ease nexus thresholds

TaxConnex

South Dakota – center of the Supreme Court’s landmark decision in 2018 – recently eliminated its economic nexus transaction threshold. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax.

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As Wayfair turns 6, what’s happening with economic nexus? (part 1)

TaxConnex

In the landmark 2018 case South Dakota v. vs. North Dakota and decreed that physical presence in the internet age is no longer all that’s required to create nexus. Ron Wyden (D-OR), chair of the Committee on Finance, has said. Six years ago this Friday, the U.S. Wayfair, Inc.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.

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Set Solutions Automates Tax Compliance Across Multiple States with Avalara and Sage Intacct

CPA Practice

Supreme Court ruled in favor of the state in South Dakota v. With Avalara and Sage accounting software, Set Solutions has seen increased productivity within its finance and accounting department, saving dozens of hours a week on manual finance processes. When the U.S. Wayfair, Inc.,