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

Withum

From the tax side, John will provide a 2023 annual update on year-end employer payroll tax and 1099 reporting, including developments from both the Federal and state and local levels. View On-Demand Webinar Learning Objectives: Interpret implementation and general tax updates. Define upcoming AICPA and FASB updates.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. More Examples of Accrual Accounting Two examples of accrual accounting are accrued salaries and wages and accrued payroll taxes.

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Top accounting issues in 2023

ThomsonReuters

The ability to prioritize and monitor tasks, track any regulatory changes, leverage customizable templates for schedules and tax work papers, and set up rules and permissions for each user within the firm. The lease accounting standard became effective in 2019 for public companies.

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GASB 101: Compensated Absences Update

Cherry Bekaert

Contributor: Anthony Walsh The Governmental Accounting Standards Board (GASB) has issued Statement No. 16, Accounting for Compensated Absences , which was issued in 1992, and aims to align the treatment of paid leave benefits for employees across different government entities. This new guidance supersedes GASB Statement No.

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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

Accounting standards, such as ASC 606 (IFRS 15), provide guidance on revenue recognition for these types of businesses. Properly classifying workers as employees or contractors is important for tax purposes and determines the associated payroll taxes, benefits, and other employment-related expenses.

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Startup Accounting Guide: Everything You Need to Know in 2022

Accounting Seed

On the flipside, if you get your accounting set up properly from the start, you’ll set your new company up for success. You’ll be able to track all the financial data that forms the lifeblood of a startup, including revenue, expenses, payroll, and general ledger. Manage Payroll. Read on: Top 7 Issues Accountants Face Today.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.