CPA firm leaders: Are you working at the right level?
Accounting Today
DECEMBER 22, 2023
Before you delegate, make sure you're doing the right work yourself
Accounting Today
DECEMBER 22, 2023
Before you delegate, make sure you're doing the right work yourself
CPA Practice
DECEMBER 22, 2023
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Just in time for the holidays, the IRS has announced a move to help individuals, businesses, and tax-exempt organizations that owe back taxes. The agency will waive nearly $1 billion in penalties for taxes owed by more than 4.7 million people and entities that didn’t receive automated collection reminders during the COVID-19 pandemic.
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Withum
DECEMBER 22, 2023
On December 21, 2023, the IRS released details about its second settlement initiative relating to the employee retention credit (ERC). See IR-2023-247 , Announcement 2024-3 , general information , and FAQs. The IRS previously released a withdrawal option on October 19, 2023, for taxpayers who either did not receive their ERC checks or did not cash them.
CPA Practice
DECEMBER 22, 2023
By Kaitlin Accardi, CPA. Occupational fraud, or fraud committed by individuals against the organizations that employ them, is often considered one of the most costly and common forms of financial crime. According to the Federal Trade Commission (FTC), the Consumer Sentinel Network received 2.4 million fraud reports in 2022. Furthermore, the Association of Certified Fraud Examiners’ 2022 Occupational Fraud report revealed that companies lose 5% of revenue to fraud each year on average – with an a
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Going Concern
DECEMBER 22, 2023
Programming note: we’ll be putting some things up next week (posts, not Christmas trees) so should you swing by you’ll have something new to read. Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline.
CPA Practice
DECEMBER 22, 2023
The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
DECEMBER 22, 2023
The IRS is pushing back filing and payment deadlines for storm and tornado victims in the Volunteer State.
GrowthForceBlog
DECEMBER 22, 2023
6 min read The client advisory services (CAS) industry is growing, and many traditional accounting firms are beginning to offer client advisory and/or client accounting services to keep up with the trend and grow their practices.
Accounting Today
DECEMBER 22, 2023
A look at the credits, regulations and other tax developments that will shape the coming tax season.
CPA Practice
DECEMBER 22, 2023
Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis metro area to its team. The Dubuque, IA-based firm merged with Schowalter & Jabouri on Dec. 2. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees. In addition to St. Louis, Honkamp has eight offices in Iowa and Wisconsin.
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Accounting Today
DECEMBER 22, 2023
Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.
CPA Practice
DECEMBER 22, 2023
Vertex, a tax technology solutions provider, has appointed three new leaders: Mindy Cunningham as SVP, Customer Success and Services; Jessica Nowlin, VP, Tax Research; and Angela Travagline VP, Global Talent and Organizational Effectiveness. The wealth of knowledge and skill set they bring will reinforce the company’s strategic focus on customer success, tax research effectiveness and talent development.
inDinero Tax Tips
DECEMBER 22, 2023
Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning. At indinero, we’re committed to guiding you through these complexities and optimizing your financial strategy with our comprehensive business tax services.
Steve Feinberg
DECEMBER 22, 2023
The financial health of any business is a crucial aspect that determines its success. Creative professionals are no exception to this rule, and it is essential to keep tabs on your business’s financial health. Whether you are a photographer, graphic designer, or writer, understanding the financial landscape of your business can help you overcome the challenges that come with running a creative enterprise.
Speaker: James Kahler, COO of Full Course
Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.
KROST
DECEMBER 22, 2023
Beginning January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require businesses to comply with the Corporate Transparency Act (CTA) by reporting information related to the business owners, officers, and controlling persons. The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant Read the full article.
ThomsonReuters
DECEMBER 22, 2023
As emerging technologies continue to reshape industries, tax departments are not exempt from the transformative power of innovation. In this era of rapid change, corporate tax professionals must stay ahead of the curve and leverage the latest tools and strategies to navigate the complex landscape of tax compliance. To help you gain valuable insights and stay informed about the latest trends, we are excited to present a series of our top 3 webcasts featuring leading subject matter experts.
Canopy Accounting
DECEMBER 22, 2023
So you've landed a new client at your accounting firm — congratulations! You tell them you're flexible and can work with them whenever they want, leaving an open-ended working agreement. They ask you to throw in a few extra services like bookkeeping and payroll management — since they're a new client and promise to tell all their friends about your firm.
CPA Practice
DECEMBER 22, 2023
A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. According to court documents and statements made in court, from 1999 to 2021, Samir Patel, of Statesboro, was a tax return preparer at a national return preparation business. In 2015, Patel purchased a franchise of the business in Claxton, Georgia.
Speaker: Jamie Eagan
As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of
Accounting Today
DECEMBER 22, 2023
The IRS launches a registration tool for clean energy credits, and more guidance on clean hydrogen credits.
Acterys
DECEMBER 22, 2023
Businesses need data backups for all sorts of crucial information, including popular tools like Xero’s accounting software. Without the ability to back up data, your business is more vulnerable to natural disasters, human error, cyberattacks and other unplanned events. Xero backups are one way organizations can protect critical information, ensure data accuracy and preserve business continuity.
Accounting Today
DECEMBER 22, 2023
The former Swiss bank exec pled guilty in a Manhattan court to using the 'Singapore Solution.
CPA Practice
DECEMBER 22, 2023
By Rose White, mlive.com. (via TNS) A temporary cut to Michigan’s income tax will not be made permanent under a judge’s ruling this week. Michigan Court of Claims Judge Elizabeth Gleicher ruled Thursday, Dec. 21 the income tax rate can revert back to a default 4.25% on Jan. 1, 2024 after it was lowered to 4.05% due to an increase in state revenue. The ruling sides with Gov.
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Accounting Today
DECEMBER 22, 2023
The Connecticut Society of CPAs announces 14 Women's Award winners; Weaver moves to new Sacramento office; and more news from across the profession.
Accounting Today
DECEMBER 22, 2023
Plus, Expensify adds budgeting capabilities; Corvee to hold AI bootcamp; and other news from the accounting tech world.
Accounting Today
DECEMBER 22, 2023
This simple question above deserves a simple answer, which will hopefully lead to additional questions and dialogue.
Accounting Today
DECEMBER 22, 2023
Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.
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Accounting Today
DECEMBER 22, 2023
Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.
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