RogerRossmeisl
JANUARY 2, 2023
If you sold stock shares at a loss at the end of 2022 to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash sale” rule. The loss could be disallowed Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities back within the 30-day period before or after the sale date, the loss can’t be claimed for tax purposes.
MyIRSRelief
JANUARY 2, 2023
Types of IRS tax problems and how to resolve them. There are many types of IRS tax problems that individuals and businesses may encounter. Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest on failure to file and on any unpaid taxes.
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RogerRossmeisl
JANUARY 2, 2023
When valuing a business, recent market volatility may well translate into higher discounts for lack of marketability (DLOM) because investors generally will pay less for illiquid, risky investments. However, there’s a silver lining to economic uncertainty: It provides an opportunity for wealthy individuals to gift private business interests at significant discounts, potentially saving a substantial amount in taxes.
Intuitive Accountant
JANUARY 2, 2023
Murph has gone through the stats and wants to share the 22 most read articles from our archives during 2022.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
RogerRossmeisl
JANUARY 2, 2023
Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart way to build a substantial nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions can have a major impact on the amount of money you’ll have i
Intuitive Accountant
JANUARY 2, 2023
If you're still reassessing your tech alternatives after attending 'QB Connect,' Powerful Accounting's Dawn Brolin offers some tips to help give you clarity and confidence before making a move to change up your tech stack.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
JANUARY 2, 2023
The biannual Association of Certified Fraud Examiners “Report to the Nations” has repeatedly concluded that the longer fraud schemes remain undetected, the greater the losses for the victimized organizations. According to the 2022 report, the average fraud lasts 12 months and leads to a median loss of $117,000. But schemes that last 25 to 36 months result in a median loss of $300,000, and if fraudsters are able to conceal their theft for five years, the median loss rises to $800,000.
CalCPA
JANUARY 2, 2023
At the end of January, CalCPA’s advocacy team will host a Legislative Summit to bring CalCPA and public policy leaders together to discuss. The post CalCPA BUZZ: Join the Legislative Summit appeared first on Hot Topics.
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.
Patriot Software
JANUARY 2, 2023
Miles spent driving to meet clients, going to an office supply store, and depositing a customer’s check at the bank can add up. If you use a vehicle for small business purposes, you might qualify for a business mileage deduction from the IRS. You might be thinking that a business mileage deduction is only going […] Read More.
Going Concern
JANUARY 2, 2023
While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. A Thomson Reuters piece published last week informs us that FASB ended the year having issued a measly six accounting standard updates — a notable decrease from the five years prior — “much to the glee of the accounting profession.” In 2021, the board iss
Intuitive Accountant
JANUARY 2, 2023
Murph has gone through stats and wants to share 22 most read articles last year in the Insightful Accountant archives.
Canopy Accounting
JANUARY 2, 2023
What is Effective Tax Administration?
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.
Intuitive Accountant
JANUARY 2, 2023
To help kick off the New Year, Liz Scott explains why Quickbooks Online Advanced provides all the tools you need.
Anders CPA
JANUARY 2, 2023
To ensure the new year begins on the right foot, there are several activities that Plan Sponsors should get started on. Conducting a review to determine whether your Plan needs an audit for the past year is the first step of wrapping up the previous year while looking ahead. Completing this straightforward yet crucial step early ensures you’ll be able to locate an auditor who can complete the audit on time, saving you undue stress as important deadlines loom.
Intuitive Accountant
JANUARY 2, 2023
The IRS has issued another last minute pronouncement—this one just before year's end. The relief involves 'temporary US Taxpayer Identification Numbers' for non-US banks with American citizen account holders not reporting their US TINs.
Patriot Software
JANUARY 2, 2023
Canton, OH Patriot Software, a leading accounting software and payroll software provider, has been named a FrontRunner for Top Small Business Payroll Software by Software Advice. Software Advice helps businesses navigate the software-buying journey. Software Advice’s latest FrontRunners report evaluates user reviews and positions the top-scoring products based on their usability and customer satisfaction ratings […] Read More.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Intuitive Accountant
JANUARY 2, 2023
The CEO of the Paris Love Productivity Institute sits down with Insightful Accountant Publisher Gary DeHart to discuss, among other things, why setting boundaries within your business is important.
Snyder
JANUARY 2, 2023
Congrats! You’ve finally set up your online store (are just about to do it) and are ready to receive your first sales dollars. As a responsible business owner, now you’re wondering how to choose an e-commerce payment gateway. Square Virtual Terminal is a great option for businesses looking to accept credit card payments, but there are several other options for business owners to consider.
Going Concern
JANUARY 2, 2023
Welcome to 2023! You made it! So happy to see you. Let’s see if anything happened while I was gone last week. … Wow, nothin’ huh? Alright, this news brief is going to be extra brief I guess. Deloitte has lowered its UK office temperatures by 2 degrees Celsius (35.6 degrees F) to cut costs and carbon emissions, this is expected to save £75,000 in December.
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