Accounting Today
SEPTEMBER 19, 2024
National Taxpayer Advocate Erin Collins issued a mea culpa admitting to the findings of a recent report faulting the Taxpayer Advocate Service that she runs for slow responsiveness to taxpayers.
CPA Practice
SEPTEMBER 19, 2024
By Isaac Bock. The new tax season of 2024 brings multiple changes and updates, which makes it a rather challenging time for all tax professionals. At a minimum, tax professionals need to stay sharp and up to date with the laws and regulatory requirements that change from year to year. This year is marked by unique challenges under tax law, with new IRS regulations and sector-specific concerns.
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Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often produce no results.
CPA Practice
SEPTEMBER 19, 2024
Three people who blew the whistle on a longstanding tax evasion scheme will share a $74 million payout from the IRS, one of the largest awards in the history of the agency’s whistleblower program. The individuals, whose identities remain protected, disclosed an offshore tax evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual, Bloomberg reported.
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Accounting Today
SEPTEMBER 19, 2024
Journey's end; just shocking; house cleaning; and other highlights of recent tax cases.
Going Concern
SEPTEMBER 19, 2024
Hey remember the metaverse? Thank goodness generative AI swooped in and made everyone forget about that dumb s**t. When I say “everyone” I mean crypto bros and accounting firms trying desperately to be cool with their PS2-era metaverse avatars, the rest of us forgot about it pretty much right off the bat. I only kept it in my peripheral vision pre-AI hype days because I could s**t out an article on an accounting firm being lame in it every now and then.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
SEPTEMBER 19, 2024
Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #15191471 Certifications: EA in progress Education: BA Accounting Experience (years): 7+
Accounting Today
SEPTEMBER 19, 2024
Startups will need to clean up their recordkeeping if they want to have any hope of raising new venture capital.
CPA Practice
SEPTEMBER 19, 2024
Are human resources (HR) teams spending a disproportionate amount of time on administration? That is one of the finding in the 2024 State of Employee Financial Wellness Report from Payroll Integrations. HR managers say they spend 12 hours on average, or more than one-fourth of their week, on payroll and benefit-related administrative tasks–with 27% of them spending 20 hours or more.
Accounting Today
SEPTEMBER 19, 2024
Navigating Medicare can be a complex task for retirees, and accountants play a crucial role in guiding their clients through this essential aspect of retirement planning.
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AccountingDepartment
SEPTEMBER 19, 2024
The month-end is coming up and that means it is time to close. A monthly close can be a laborious process that is dreaded by some accounting and finance departments, but it doesn't have to be that hard!
Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service needs to do more to get ready for new reporting requirements on the Form 1099-K and 1099-DA, according to a new report.
CPA Practice
SEPTEMBER 19, 2024
The Internal Revenue Service is alerting taxpayers to beware of promoters claiming their services are necessary to resolve unpaid taxes owed to the IRS while charging excessive fees, often with no results. These unscrupulous “mills” use aggressive marketing to make false claims of guaranteed settlements for “pennies-on-the-dollar,” or will say there’s a limited window of time to resolve tax debts through the IRS Offer in Compromise (OIC) program.
Insightful Accountant
SEPTEMBER 19, 2024
Kathy Grosskurth is our featured 2024 Top ProAdvisor this week. Kathy has her own Bookkeeping practice in Ormond Beach, Florida.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
SkagitCountyTaxServices
SEPTEMBER 19, 2024
Cue the pumpkin stands, trick-or-treating supplies, mannequins with sweaters, and the way-too-perfect apple-picking photos in your social media feed. The calendar flipped to September and suddenly it’s fall … y’all. (Saw that one on a scrolling bank sign yesterday, so you know it must be true.) For you, know that this is the beginning of the holiday cycle, which serves as a good reminder of things to prepare for in the coming months.
Going Concern
SEPTEMBER 19, 2024
It’s rare we write about $40 million firms over here as we focus on the behemoths of professional services but we’re writing about ATA Partners’ recent deal with Copley Equity Partners today because the private equity deals are coming hard and fast and unlike the happenings of small firms, that’s something we’re interested in.
Accounting Today
SEPTEMBER 19, 2024
The Internal Revenue Service has proposed guidance on the credit, which was modified by the Inflation Reduction Act.
CPA Practice
SEPTEMBER 19, 2024
In an era dominated by digital communications, the act of sending mail might seem like a relic of the past. However, a new survey commissioned by Stamps.com , a leading provider of postage and shipping solutions from Auctane , reveals that mail is far from obsolete. From personal letters to essential business documents, consumers and companies alike are still mailing, driven by a desire for personal connection and reliable communication.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Accounting Today
SEPTEMBER 19, 2024
Three people shared the award after disclosing an offshore tax-evasion scheme that spanned 15 years, enabling the IRS to collect $263 million from an unidentified individual.
Withum
SEPTEMBER 19, 2024
The Governmental Accounting Standards Board (GASB) issued Statement No. 101 to provide updated guidance on the recognition and measurement of compensated absences for government entities. This statement aims to enhance the clarity and consistency of financial reporting for compensated absences, ensuring that financial statement users receive accurate and comparable information.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Financial Services team have compiled a Wishlist for the sector, covering key areas such as FinTech, and skilled workers in the industry, New Government The new government brings with it renewed hope that the financial services (FS) sector will receive much-needed attention in the upcoming budget, something that has been lacking for quite some time.
Accounting Insight
SEPTEMBER 19, 2024
FOI request to The Insolvency Service shows the proportion of businesses choosing to liquidate has more than tripled, with a record 12-fold increase in 2021. More than a decade of challenges, such as austerity, Covid, wars, and financial crises, means UK business leaders are increasingly choosing to liquidate their companies rather than being forced to, according to a Freedom of Information (FOI) request by Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustaina
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. With the new Labour Government’s first budget approaching on 30 th October 2024, our Hospitality & Leisure team are looking ahead to what Keir Starmer could do to alleviate the ongoing challenges faced by the sector. The messaging coming out of Downing Street suggests the budget may be better placed on Halloween one day later, but our team are calling for positive change to propel the industry forward.
Reckon
SEPTEMBER 19, 2024
The Australian Tax Office and the Treasurer, Jim Chalmers, have released more details on the Payday Super scheme, which will take effect on July 1, 2026. The scheme was announced in the 2023-2024 Federal Budget and outlines that employers must pay their employees’ superannuation guarantee contributions alongside their regular salary and wages. This is quite an adjustment, as Aussie businesses have had to follow regular guidelines of contributing their employees’ super guarantees every quarter.
Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ Manufacturing sector team have compiled a Wishlist for the sector, covering key areas such as a government tax roadmap, full expensing, innovation, and education investment for the sector. Tax Roadmap For the manufacturing sector, a detailed tax roadmap from the government, which sets out anticipated tax reforms and their implementation timetables, would provide much-needed clarity and and allow busin
CPA Practice
SEPTEMBER 19, 2024
LeaseCrunch LLC , a leading lease accounting software company,today announces a webinar on GASB 87 and GASB 96: “From Basic Principles to Advanced Practices.” The webinar will take place on September 26 at 1:00 p.m. CDT. The webinar will feature Jess Vento, senior director of solution engineering, education and support at LeaseCrunch, as she explores lease recognition, measurement and disclosure under GASB 87, subscription-based IT Arrangements (SBITAs) in GASB 96 and how to handle lease modific
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Menzies
SEPTEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. As the Autumn Budget nears, Menzies’ T&L Sector Team have compiled a Wishlist for the sector, covering key areas such as concerns over the fuel duty pause, capital gains, and green technology. Concerns about ending the fuel duty pause With tight margins in the industry, suddenly reintroducing fuel duty increases would have a massive impact.
CPA Practice
SEPTEMBER 19, 2024
This webinar will be held on Tuesday, October 22, 2024 at 1:00pm ET Sponsor: SafeSend Duration: 1 Hour Register Now Join our upcoming webinar “Balancing Automation and Personal Connection,” where Joe Wroblewski, Senior Sales Engineer at SafeSend, tackles a common misconception — that automation, especially in tax software, results in a cold, impersonal experience.
LSLCPAs
SEPTEMBER 19, 2024
When managing accounting for your government’s capital assets, a common question arises: Should capital assets with an individual value below your capitalization threshold be capitalized when the purchase is acquired as part of a larger purchase? Understanding the rules around this may surprise you and improve your understanding of your governments financial picture.
CPA Practice
SEPTEMBER 19, 2024
At it’s SuiteWorld conference earlier this month in Las Vegas, Oracle NetSuite announced a series of new product updates and AI innovations across the suite to help organizations increase efficiency and accelerate growth. The company says these latest innovations build on the comprehensive AI capabilities, including generative AI, embedded in NetSuite by adding powerful new AI updates, a new procurement solution, new partner integrations, updated project management capabilities, user experience
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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