TaxConnex

FEBRUARY 6, 2024

Sales tax is not something top of mind for most executives, but it is something that the majority of businesses will have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establish nexus in specific states or jurisdictions, then you have a sales tax obligation. While it is not meant to be a burden on the seller, many businesses have been left scrambling to understand how to manage the complex process of sales tax compliance.

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Sales Tax Technology auditor 215

Canopy Accounting

FEBRUARY 6, 2024

Busy season is upon us. Every year you may be saying the same things…"I start off sticking to a routine but it quickly falls off and I start feeling burned out and tired". Make this the year you are going to make small changes that make a big impact through incorporating mindfulness practices at work. During this session, we will experience practices we can put in place in our day to gain a better understanding of where we are off-balance internally so we can show up better for ourselves and tho

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Start-ups 124

Going Concern

FEBRUARY 6, 2024

Hey guess what, everyone? We have fresh research that shows the 150 hour CPA licensure rule decreases the number of Black and Hispanic entrants to the profession. In this case, a 26% drop. Add this to the existing body of evidence that demonstrates two things: the 150 hour rule does not improve the quality of licensed CPAs (“ Occupational Licensing and Accountant Quality: Evidence from the 15 -Hour Rule ” by John Barrios) and the 150 hour rule is actively preventing minorities from p

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cpas CPA accounting and finance audit 117

CPA Practice

FEBRUARY 6, 2024

By Evan T. Beach, EA, CFP, AWMA, Kiplinger Consumer News Service (TNS) I’m an IRS enrolled agent, which sounds (sort of) cool and scary. What it actually means is that I am licensed by the IRS to prepare taxes and represent taxpayers, which is not cool or scary. The reality of the situation is that I have the same feelings of unhappiness and annoyance you do every time tax season rolls around.

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Tax income tax tax return tax preparation 111

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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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Insightful Accountant

FEBRUARY 6, 2024

Thought you might be interested in some preliminary information about what the 2024 'Domestic' (US) ProAdvisor Applicants are telling Insightful Accountant about their 'App' experiences.

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Accounting Today

FEBRUARY 6, 2024

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season.

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Tax 125

Accounting Today

FEBRUARY 6, 2024

The local environment for debt and income, cost of living, housing, and taxes can make a big difference when it comes to putting away money.

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Tax 117

ThomsonReuters

FEBRUARY 6, 2024

Jump to: When to consider an automated tax software solution Benefits of sales tax automation software What if you don’t have a complex business model? Amidst a rapidly changing regulatory landscape, it can seem more challenging than ever to understand your sales tax obligations in every jurisdiction in which you do business. The tax complexities of interstate and international commerce are why most companies use some form of automated software to help track and calculate their organizatio

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Sales Tax audit Account 98

Accounting Today

FEBRUARY 6, 2024

A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced.

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Tax 117

Patriot Software

FEBRUARY 6, 2024

As a small business owner, one of the first decisions you make is deciding between the different types of business structures. But, choosing between business structures can be intimidating and confusing. Before you decide what business structure type to use for your small business, understand your options.

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Account accountant accounted 92

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Expense Management

Accounting Today

FEBRUARY 6, 2024

This year's roster of great new tools for accountants is heavily inflected with AI.

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Account accountant accounted Technology 144

KROST

FEBRUARY 6, 2024

The Internal Revenue Service has published the 2024 Estate and Gift Exemption Amounts. The Unified Exclusion Amount is $13,610,000 and the Annual Gift Exemption Amount is $18,000. In addition to the annual gift exemption, payments made directly to medical providers or educational institutions are considered non-reportable. Married couples, will be able to gift up to Read the full article.

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Education Tax 90

Insightful Accountant

FEBRUARY 6, 2024

Are you calculating 'Net Retention' to determine the health of the subscription-based businesses you advise? If not, you should be.

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Accounting Today

FEBRUARY 6, 2024

The International Auditing and Assurance Standards Board is proposing to toughen its rules for requiring auditors to look for signs of fraud in a client's financial statements.

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auditor audit financial statements 91

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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.

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CPA Practice

FEBRUARY 6, 2024

The landscape of public accounting experienced an unprecedented shakeup in 2023, marked not by the usual suspects of annual updates or technological advancements, but by a surge of interest from an unexpected source: private equity (PE). With a series of high-profile investments in large accounting firms and a quieter but no less significant foray into the accounting software sector, PE firms have unmistakably cast their eyes towards an industry traditionally characterized by its cautious, measu

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public accounting Account accountant accounted 75

Accounting Today

FEBRUARY 6, 2024

And what to do if your client hasn't received their abatement from the IRS.

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Tax 117

Mark Lee

FEBRUARY 6, 2024

One thing that remains as challenging for accountants today as it was when I was in practice is that of converting prospects into valued clients. It’s not that you need flashy pitches or to make exaggerated claims; it’s about building a genuine connection and trust. Picture this: you’re face-to-face with a potential client, you’re tempted to showcase your expertise and talk about your services.

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Non-Profits Account accountant accounted 98

CPA Practice

FEBRUARY 6, 2024

Investing in technology is a key priority for accounting firms as they move into 2024, while m itigating the ongoing talent shortage and keeping pace with new laws continue to cause challenges for many within the profession. This is according to findings from the 2024 State of Accounting Firms Trends Report released by Caseware International , a global leader in cloud-enabled audit, financial reporting and data analytics solutions.

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accounting firms Technology Account accountant 64

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

Anders CPA

FEBRUARY 6, 2024

Once your business reaches 80 to 120 employees, it must undergo an audit of its 401(k) plan , but securing a 401(k) audit firm’s services can be a challenge in certain locations. Engaging a local firm to handle the audit traditionally results in the auditor’s presence in your office, which can cause disruptions to daily operations. Remote 401(k) audit services offer businesses benefits such as enhanced security, access to experienced professionals and technology-driven convenience.

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audit auditor Education Legal 64

CPA Practice

FEBRUARY 6, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Arkansas Society of Certified Public Accountants (ARCPA) announced the 2024 ARCPA Student Education Fund Golf Tournament, which will take place on Monday, May 20, 2024 at the Maumelle Country Club.

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CPA Illinois Arkansas Idaho 64

Accounting Today

FEBRUARY 6, 2024

Quarterly results at MicroStrategy Inc. will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at market prices.

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Account accountant accounted accounting standards 63

LSLCPAs

FEBRUARY 6, 2024

At this time of year, we like to let our clients, who own or are in the market to buy Electric Vehicles (EVs), know about the latest Clean Vehicle Tax Credit rulings. It’s good news. The U.S. Department of the Treasury’s October 6, 2023 press release gives access to the (27-page-long!) guidance that explains the. The post 2024 Clean Vehicle Tax Credits appeared first on LSL CPAs.

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Tax cpas 59

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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.

CPA

Accounting Today

FEBRUARY 6, 2024

The Senate may not get to the Tax Relief for American Families and Workers Act soon enough to impact returns.

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tax return Tax Finance 86

Accounting Seed

FEBRUARY 6, 2024

Columbia, Md. [February 6, 2024] — Accounting Seed , the #1 accounting solution built on the Salesforce Platform, unveiled its first product offering of the new year, AP (Accounts Payable) Automation. The launch of the new product highlights Accounting Seed’s commitment to helping small-to-mid sized companies drive efficiency and maximize growth by running their accounting and payable processes within a single platform.

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AP Automation Technology AP Processes Account 59

Accounting Today

FEBRUARY 6, 2024

The Utah-based company that invests in and acquires small accounting firms has received an $85 million minority funding round to support its expansion.

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Utah Account accountant accounted 66

Insightful Accountant

FEBRUARY 6, 2024

Discover the new IRS tool to monetize clean energy credits, allowing businesses, tax-exempt organizations, and government entities to apply these options to specific tax credits, even without taxable income.

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business tax Government Tax 52

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Withum

FEBRUARY 6, 2024

When one thinks of environmental, social and governance (ESG) investing, one should think of transparency. In other words, they should think of additional sources of information that help identify unseen risks and justify shareholder value. This investing style is known as ESG integration. Private equity investors use ESG integration as a value-creation tool by analyzing material and non-financial factors during due diligence and ongoing monitoring.

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New Jersey public accounting Government Account 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? Examples of direct tax Understanding tax provision Understanding state apportionment Differences between direct and indirect taxes When a taxpayer must pay taxes directly to the government, meaning the taxes cannot be shifted to other entities or individuals, it is known as direct tax. This is the opposite of indirect tax.

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Tax income tax payroll tax payroll 52

Withum

FEBRUARY 6, 2024

This on-demand webinar presented by Withum’s Founders and Tech Executives Services Team explores the basics of Qualified Small Business Stock and Equity Compensation and their impact on Tax Planning. Already Registered? Click Here View On-Demand Webinar In this on-demand webinar, Dan Krolikowski and Dan Vukosa provide an overview of QSBS as well as helping simplify equity compensation and explaining some general tax considerations of several types of equity compensation, including Restrict

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tax planning Tax 52

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax. Where the amount of direct tax owing can be influenced by other factors, indirect taxes are straightforward in that their calculation is typically a predetermined percentage or rate and the cost is passed along the supp

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Tax income tax Manufacturing corporation tax 52

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Managing bookkeeping and tax can be challenging for businesses of all sizes. Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month. Open monthly communication and an easy-to-use online chat with your bookkeeper provide consistent support and seamless management.

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