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On-Demand Webinar: Year-End Healthcare Tax and A&A Update

Withum

Click Here Listen in as John Smith and James Trubenbach-Byrne discuss in this timely webinar how to ensure your healthcare organization is prepared for all the year-end tax accounting and auditing qualifications. View On-Demand Webinar Learning Objectives: Interpret implementation and general tax updates.

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Green tax and ESG tax credits: What accountants need to know?

ThomsonReuters

Jump to: What are green taxes? How are environmental taxes calculated? Current ESG tax credits and initiatives What are the benefits of an ESG tax strategy? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. Identify ESG-related tax incentives.

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Top accounting issues in 2023

ThomsonReuters

Solution: This means firms should consider a software solution that can do the following: Enable efficient research with a built-in, customizable tax law database that is tailored to meet the specific needs of the firm. The lease accounting standard became effective in 2019 for public companies.

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Guide to accountant responsibilities

ThomsonReuters

Types of accountants and niche practice areas There are, of course, various types of accountant jobs and areas of specialty. Responsibilities around AI in accounting Further illustrating this point are the advancements in innovative technology, such as AI, and its impact on the profession. However, this is no longer the case.

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Additional IRS Guidance Surrounding 174 R&E Capitalization Requirements

Withum

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

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Manual vs. Automated Accounting: What’s the Difference

Accounting Seed

Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. Have you figured your tax bill correctly?

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Ways to prevent financial reporting errors

ThomsonReuters

accounting standards require prior statements to be corrected and the corrections to be disclosed. For private companies, they may have their financial statements audited or reviewed by a CPA. The CPA will judge the information based on how well it complies with accounting standards. What is a financial statement restatement?