ThomsonReuters

DECEMBER 19, 2023

How are environmental taxes calculated? Accountants play a critical role in helping their clients navigate ESG tax credits and green taxes. That’s why it’s important to understand the complexities of these initiatives and how making eco-friendly choices can maximize tax savings. How are environmental taxes calculated?

Tax 52

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Going Concern

FEBRUARY 12, 2024

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. Between a wave of retirees and a drop in the number of people graduating with accounting degrees, the whole profession is struggling to staff up. “We

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ThomsonReuters

APRIL 26, 2022

Tax and accounting firms of all sizes need dependable systems and procedures to deliver the best value to their clients. Finding the right accounting software for your firm will keep business records organized, improve operational efficiency, identify areas for improvement, and help you manage growth over time.

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ThomsonReuters

MARCH 16, 2023

There are two forces within an audit team: senior staff and junior staff. For audit team leaders, both are extremely important and bring to the table unique sets of experiences and skillsets that are needed for a modern audit. T he modern auditor must bridge the gap between business insights and innovative technology.

Technology 59

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ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . With advanced technology shifting the way accountants work, many are looking to expand into specialized services that can give them a leg up on the competition. Let’s start from the beginning. .

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inDinero Tax Tips

NOVEMBER 4, 2021

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit. What is an Audit?

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Accounting Insight

MARCH 31, 2023

To add foundations to your ambitions, you need carbon accounting… What is carbon accounting? The term ‘carbon accounting’ summarises the process of getting said evidence. In other words, quantifying, tracking and reporting the amount of greenhouse gas emissions released into the atmosphere as a result of your business activity.

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ThomsonReuters

JUNE 9, 2023

The accounting industry is seeing significant attrition among LGBTQ+ professionals Research commissioned by the Institute of Management Accountants (IMA), the California Society of CPAs (CalCPA), and the International Federation of Accountants (IFAC) revealed a surprising number of LGBTQ+ accountants are leaving their profession.

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ThomsonReuters

JUNE 15, 2022

Now more than ever, your tax and accounting staff require a robust system or framework that leverages technology so that they can keep up with regulatory developments in a timely manner. Should clients conduct their business differently when new rules come in? But of course, staying informed is easier said than done.

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ThomsonReuters

JANUARY 12, 2023

Amidst a complex audit environment, today’s accountants have many opportunities to take advantage of technology and specialize in up-and-coming focus areas. One of these specialties is ESG audits. . What is an ESG audit? Like any audit, ESG audits can be internal or external. Who performs an ESG audit?

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ThomsonReuters

JANUARY 9, 2024

Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules , companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in each country where they do business. The new requirements are complex and still evolving.

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ThomsonReuters

SEPTEMBER 22, 2023

2023, S2419 ) was introduced in July of this year by Senators Bob Casey (D-PA) and Brian Schatz (D-HI) that would add protections for job applicants and employees related to automated decision systems and would require employers to disclose when and how these systems are being used. tools for hiring workers. Also, both New Jersey ( L.

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Withum

SEPTEMBER 14, 2022

Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics. As a result, the chances of getting audited became about the same as the odds of winning the Power Ball lottery.

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ThomsonReuters

JANUARY 20, 2022

We have a business associate contract with each plan. Sometimes, a plan instructs us to send claims information, which includes protected health information (PHI), to another business associate of the plan, such as a claims auditor or a medical reviewer. the purpose of the disclosure was treatment, payment, or health care operations.

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auditor audit Tax Account 52

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

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ThomsonReuters

NOVEMBER 8, 2022

Most accountants know that choosing the right accounting technology can boost the ability to serve clients, satisfy staff, and build deeper client relationships.?But But how do you take full advantage of technology to streamline accounting processes? . Here’s how to start: Document your processes. The result?

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Accounting Insight

NOVEMBER 29, 2022

Accounts payable automation, also known as AP automation or invoicing automation, is the process of automating accounts payable processes and activities while collecting the critical data required to make smart decisions, improve efficiency, and grow your business. 88% reported facing problems with their payments system.

Accounts Payable Automation 52

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ThomsonReuters

JANUARY 30, 2023

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. And so, we think about how accurate is the information on a tax return or a report that is ultimately filed with the taxing authority.

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ThomsonReuters

AUGUST 26, 2022

Businesses involved in importing and exporting have been subject to changing global regulations, geopolitical upheaval, and logistical disruptions, are now looking for ways to build resilience in their supply chains and even gain a competitive advantage in the face of such rapid change.

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ThomsonReuters

AUGUST 24, 2021

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation.

Technology 52

Technology Sales Tax audit 52

ThomsonReuters

NOVEMBER 23, 2022

As part of their compliance with the HIPAA security rule, covered entities (including health plans and most health care providers) and business associates (together, “regulated entities”) must implement policies and procedures to address suspected or known security incidents posing a threat to electronic protected health information (ePHI).

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ThomsonReuters

MAY 20, 2021

The National Institute of Standards and Technology (NIST) has issued a call for public comments in conjunction with its plan to update “ An Introductory Resource Guide for Implementing the Health Insurance Portability and Accountability Act (HIPAA) Security Rule ” (Resource Guide). Specifically, NIST seeks input regarding—.

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ThomsonReuters

JULY 8, 2021

Multinational enterprises (MNEs) began using centralized shared services centers three decades ago to standardize and improve efficiency in back-office functions such as finance & accounting, human resources, and IT. Tax & Tech Talks: How to Achieve Global Statutory Financial Compliance. Watch the entire episode.

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ThomsonReuters

JULY 2, 2021

In the aftermath of Brexit, most companies that conduct business in the United Kingdom (UK) and European Union (EU) have absorbed the initial shock and are now looking for more stable, long-term solutions to the challenges posed by the UK’s new trade regime. Global trade in flux. Elsewhere, trade tensions between the U.S.

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ThomsonReuters

JUNE 16, 2022

Guidance on How the HIPAA Rules Permit Covered Health Care Providers and Health Plans to Use Remote Communication Technologies for Audio-Only Telehealth (June 13, 2022). Available at [link]. However, the guidance generally applies to all telehealth services. However, the guidance generally applies to all telehealth services.

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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ThomsonReuters

JANUARY 28, 2021

In 2020, we saw a flurry of COVID-19-related activity at the SEC designed to help companies navigate the business impact of the pandemic. This blog post highlights certain changes in SEC reporting and disclosure across several key topics, along with practical takeaways. 1) China-based issuer disclosure considerations.

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inDinero Accounting

APRIL 28, 2021

Did you dream about being “in the black” at fiscal year-end when you started in business? You’ve got a going concern, and yet, you find yourself back at the drawing board with your business budget. Business budgeting is a critical skill that inDinero’s outsource accounting team can take off your plate today. Do not worry.

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LyfeAccounting

FEBRUARY 14, 2021

A CPA is a Certified Public Accountant. And by the way, an accountant is someone who is responsible for recording and interpreting financial information. CPAs are in the top-tier of accountants. There is no higher designation in the finance or accounting industry than the CPA license. And how many CPAs are there?

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Acterys

JANUARY 24, 2023

In a recent study conducted by Momentive, data security was ranked as the primary concern for 77% of IT decision makers when considering a new cloud service provider. Acterys’s commitment to security has led to the successful completion of SOC 2 compliance audit. What is SOC 2? Who does SOC 2 apply to?

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LyfeAccounting

JANUARY 12, 2021

If you’re a new business owner or even if you already have a business up and running and want to improve the bookkeeping of your business, then this post is for you! Bookkeeping for your business is super important and deserves your utmost attention. And at the end of the day, accounting is the language of business.

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ThomsonReuters

JANUARY 14, 2022

Payroll practitioners searched the topics of eligibility and how to claim the credit. 9651) further extended the ERC through December 31, 2021 and added a “recovery startup business” as a type of employer that may qualify for the ERC, limiting the credit for such employers to $50,000 per calendar quarter. 116-136, Sec.

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ThomsonReuters

DECEMBER 19, 2020

With many businesses experiencing losses due to COVID-19, now is a good time to review the CARES Act net operating loss (NOL) rules. An NOL is the excess of a business’s tax deductions for the tax year over its taxable income for that year. Not all businesses have consistent income. lifting the 20-year limit on NOL carryovers.

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ThomsonReuters

OCTOBER 21, 2022

The survey was conducted by? reviewed the survey and conducted an interview with? Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? Payroll strategies more prevalent in businesses.

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ThomsonReuters

OCTOBER 21, 2022

The survey was conducted by? reviewed the survey and conducted an interview with? Organizations with an international presence are required to know each country’s payroll laws in which they operate in order to maintain compliance and avoid audits, penalties, and lawsuits.? Payroll strategies more prevalent in businesses.

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ThomsonReuters

SEPTEMBER 26, 2023

As offices vanish or become optional, remote audit engagements may become the standard as client teams and documentation are spread out across multiple locations, including home offices. In-office audits may no longer be practical or feasible for some clients. ” Remote auditing should not be mistaken for remote auditors.

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audit auditor Technology Education 98

ThomsonReuters

FEBRUARY 29, 2024

Jump to: What is the AICPA Code of Professional Conduct? AICPA Code of Professional Conduct summary AICPA Code of Conduct citations Why should accountants follow the Code of Professional Conduct? The value of a professional conduct code dates back well over 100 years. Let’s take a closer look.

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