FraudFiles
JUNE 14, 2024
The financial part of a complex case can become overwhelming quickly. Particularly in cases involving white collar crime, securities fraud, Ponzi schemes, or other fraud recoveries, the trail of financial documentation is often very long. A forensic accountant needs to examine tens of thousands of transactions and piece together the evidence in a way that [.
Accounting Today
JUNE 14, 2024
Plus, Bill360 solution offers AR automation; Certa announces gen AI capacities, new ESG module; and other accounting tech news.
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MyIRSRelief
JUNE 14, 2024
Receiving an audit notice from the Internal Revenue Service (IRS) can be a daunting experience for any taxpayer. However, understanding the audit process and knowing your rights and options can significantly ease the stress. This article will delve into the intricacies of IRS audits, outline the steps you should take upon receiving an audit notice, and explain how an Enrolled Agent (EA) can represent and assist you throughout the process.
Accounting Today
JUNE 14, 2024
For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
CPA Practice
JUNE 14, 2024
The Internal Revenue Service has issued a renewed warning about the rising threat of impersonation scams, which often target older adults by pretending to be government officials, in an attempt to steal sensitive personal information and money. By posing as representatives from agencies such as the IRS, or other government agencies, these fraudsters use fear and deceit to exploit their victims.
Accounting Today
JUNE 14, 2024
If you have clients with employees in more than one state, they must pay attention to the payroll-related rules and tax responsibilities in the states where those staff live and work.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JUNE 14, 2024
Plus, FICPA presents Women to Watch Awards; Baker Tilly expands enterprise risk management practice; and more news from across the profession.
Patriot Software
JUNE 14, 2024
Benefits matter to 81% of employees, which means your benefits package is an important recruitment and retention tool. From traditional benefits, like health insurance, to newer benefits, like student loan repayment, you’re always looking for the next best thing. Have you heard of employee assistance program (EAP) benefits? What is EAP, exactly?
Accounting Today
JUNE 14, 2024
The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.
AccountingDepartment
JUNE 14, 2024
Andrea Boccard teams up with Dennis Najjar, co-founder of AccountingDepartment.com, to explore the pivotal role of transparency in business success.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Accounting Today
JUNE 14, 2024
The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.
CPA Practice
JUNE 14, 2024
By Dr. Sangeeta Chhabra With the advent of cloud technology, most organizations jumped on the bandwagon and started reaping its advantages, such as elasticity, adaptability, and security. This led to rapid growth in the cloud industry that continues to date. However, due to a lack of planning in cloud migration, some organizations started experiencing some challenges after a certain period.
Withum
JUNE 14, 2024
Tips are a staple of the restaurant industry and are currently under scrutiny as there is a wave of frustration with customers that is resulting in less tipping or no tipping at all. This has a wide array of impact to restaurants, from the employees, in both the front and back of the house, all the way up to the owners and investors of the restaurant.
CPA Practice
JUNE 14, 2024
By Charles Ayitey and Jarrell Dillard, Bloomberg News (TNS) Initial applications for U.S. unemployment benefits jumped to the highest level in nine months, led by a large increase in California, during a period where holidays and the end of school year can cause fluctuations in claims. Initial claims increased by 13,000 to 242,000 in the week ended June 8, according to Labor Department data released Thursday.
Advertiser: Paycor
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Accounting Today
JUNE 14, 2024
Intense scrutiny that began last year with revelations that the Australian arm of PricewaterhouseCoopers LLP shared confidential information from its work with the government on upcoming tax changes to generate new business at private firms.
Going Concern
JUNE 14, 2024
Despite getting two exceptions to extend his term beyond the firm’s mandatory retirement age of 60, 61-year-old EY UK Chair Hywel Ball is now stepping down early and will “hand on the baton” to the next sucker lucky winner. This according to an email to partners Financial Times got their hands on. As head of the UK firm, the second largest in EY’s global network behind the US, Ball was an influential figure as the firm’s global bosses tried and failed to split its accounting an
Accounting Today
JUNE 14, 2024
CFOs remain divided on the prospects for the economy and continue to see risks from inflation, cybersecurity, generative AI and talent shortages, according to a new survey from Deloitte.
Withum
JUNE 14, 2024
As the sun sets on Workplace by Facebook (now known as Workplace from Meta), many organizations are facing the challenge of migrating their content and workflows to a new platform. With Meta’s decision to focus on AI and metaverse technologies, Workplace will remain operational until August 31, 2025, and will become read-only until May 31, 2026, after which it will be completely decommissioned.
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.
Accounting Today
JUNE 14, 2024
The century-old accounting and management consulting firm based is expanding its presence beyond its Midwestern base.
Withum
JUNE 14, 2024
Today, Family Office growth presents a unique set of challenges, especially regarding financial management systems. As Family Offices grow their portfolios and operations, QuickBooks — once a dependable option for smaller businesses — becomes less and less viable to manage Family Office accounting. To fuel growth and overcome these challenges, it’s a good idea to explore alternative solutions that offer enhanced functionality, scalability and efficiency.
Ace Cloud Hosting
JUNE 14, 2024
IRS Form Schedule 2 is one of the most common forms that many taxpayers need to fill if they are self-employed, have household employees, or have other situations shared in.
Dent Moses
JUNE 14, 2024
The retirement plan landscape has changed dramatically in the last few years. Most plans now have a Roth option. The Secure Act 2.0 passed in 2022 accelerated those changes by adjusting existing retirement plan rules. Among these is a feature that allows participants to treat employer-matching contributions as designated Roth contributions if the plan design allows.
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.
Insightful Accountant
JUNE 14, 2024
Bill360, an end-to-end accounts receivable automation solution,
Going Concern
JUNE 14, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Accounting Today
JUNE 14, 2024
Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president.
CPA Practice
JUNE 14, 2024
By Caitlin Reilly and Aidan Quigley, CQ-Roll Call (TNS) In meetings with congressional Republicans on Thursday that were otherwise light on concrete policy details, former President Donald Trump again trotted out his desire to eliminate federal taxes on income from tips. Many Republicans said the idea had merit and should be part of the conversation as Congress weighs how to address the expiration of 2017 tax law provisions slated for the end of 2025.
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.
CPA Practice
JUNE 14, 2024
By Nancy Cook and Justin Sink, Bloomberg News (TNS) Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president, according to people familiar with the remarks. The presumptive Republican presidential nominee pitched his support for cutting the business tax rate during a private meeting in Washington Thursday with roughly 100 chief executive officers of some of the biggest American companies,
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