Fri.Jun 14, 2024

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Forensic Accounting Software

FraudFiles

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 [.

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IRS Audits: What to Do When You Receive an Audit Notice and How an Enrolled Agent Can Help

MyIRSRelief

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.

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A midyear multistate payroll compliance checklist

Accounting Today

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.

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IRS Warns About Scams Targeting Seniors

CPA Practice

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.

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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

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IMA tries to attract young accountants

Accounting Today

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.

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How Tipping Culture is Hurting the Restaurant Industry

Withum

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.

More Trending

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Jobless Claims Rise to Highest Level in Nine Months

CPA Practice

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.

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On the move: HCVT COO announces retirement

Accounting Today

Plus, FICPA presents Women to Watch Awards; Baker Tilly expands enterprise risk management practice; and more news from across the profession.

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Improving Construction Communication And Workplace Productivity

Randal DeHart

The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is more straightforward said than done. In today's fast-paced construction industry, staying in touch and being productive is crucial for project success.

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SCOTUS asks for input on cert decision in SALT case

Accounting Today

The Supreme Court asked the solicitor general to weigh in on whether a Pennsylvania tax case has federal ramifications.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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What Is an Employee Assistance Program (EAP), and Is it Taxable?

Patriot Software

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?

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IRS pushes recruitment with updated Careers site

Accounting Today

For tax pros, the IRS is also hosting recruiting events at its Nationwide Tax Forums.

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The Importance of Transparency in Business | Beyond the Books Podcast by AccountingDepartment.com

AccountingDepartment

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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Australia needs consulting contracts policing after PwC woes

Accounting Today

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.

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If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Saying Goodbye to Workplace by Facebook: Embracing Change with Microsoft 365

Withum

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.

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CFOs concerned about economy ahead of election

Accounting Today

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.

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Optimizing Family Office Accounting: What to Look for in Your Next ERP System

Withum

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.

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Another Project Everest Cheerleader Bites the Dust

Going Concern

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

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Navigating Corporate Travel Changes Post-Pandemic

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Michigan's Plante Moran opens first office in New York City

Accounting Today

The century-old accounting and management consulting firm based is expanding its presence beyond its Midwestern base.

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Roth 401(k) vs. 401(k) – Which is Better?

Dent Moses

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.

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Bill360 Introduces Advanced AR Automation at Scaling New Heights

Insightful Accountant

Bill360, an end-to-end accounts receivable automation solution,

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The Good and the Bad of Cloud Vendor Relations

CPA Practice

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.

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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Trump tells CEOs he would cut corporate tax rate to 20%

Accounting Today

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.

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Friday Footnotes: PwC Leader Called Out for Twitter Tantrums; Why Quiet Layoffs Are a Bad Idea; Remote Work Advice for Firms | 6.14.24

Going Concern

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.

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Trump Tells CEOs He Would Cut Corporate Tax Rate to 20%

CPA Practice

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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Trump Plan to End Taxes on Tips Garners Capitol Hill Interest

CPA Practice

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.

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The Financial Leaders Playbook: How To Deliver Insight, Oversight, And Foresight

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.