Patriot Software
MAY 6, 2024
As a small business owner, you need to conduct regular audits to ensure your records are accurate. Although many business owners dislike the idea of auditing, audits can be beneficial to your company. Learn more about the different types of audit below.
Going Concern
MAY 6, 2024
Remember the Deloitte survey a while back that found Gen Zers were more than twice as likely as boomers to have their social media account hacked * (17% vs. 8%) and three times more likely than boomers to fall for an online scam (16% vs. 5%)? A refresher: Deloitte Survey Finds Zoomers Are 3x More Likely to Fall For Scams Than Boomers So Why Don’t More of Them Work at Deloitte Today EY released the results of its 2024 Human Risk in Cybersecurity Survey and Gen Z workers who use work-issued
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Accounting Today
MAY 6, 2024
Accounting firms that have embraced artificial intelligence are primarily using it to analyze documents, automate tasks and bolster client communication.
CPA Practice
MAY 6, 2024
The IRS on May 3 issued frequently asked questions in Fact Sheet 2024-19 about a provision in SECURE 2.0 that provides special rules relating to distributions from retirement plans and IRAs and for retirement plan loans for taxpayers impacted by federally declared major disasters. Prior to the changes made by SECURE 2.0, which was enacted in December 2022, there was no disaster relief allowing these distributions and loans that applied generally for all major disasters.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Cherry Bekaert
MAY 6, 2024
Not-for-profits (NFP) across the country often struggle with their accounting processes due to outdated software, spreadsheets and manual data entry. Sage Intacct, a cloud-based platform, can simplify accounting processes so not-for-profits can focus on the business of helping others. In this episode of our NFP podcast series, we hear about the power of Sage Intacct from Kristen Jenei, Managing Director at Cherry Bekaert, and Hina Babar, a Director at Cherry Bekaert.
CTP
MAY 6, 2024
When the Tax Cuts and Jobs Act of 2018 introduced a new $10,000 cap on state and local tax (SALT) deductions, taxpayers living in areas with high state-level taxes felt the hit. Highly-impacted states like California, Connecticut, Illinois, New Jersey, New York, or Pennsylvania quickly began searching for ways to provide relief to their taxpayers. Only individual taxpayers filing itemized deductions Schedule A are affected by this limitation.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Patriot Software
MAY 6, 2024
To grow your business, you need to track financial information and measure performance. One metric you should be keeping an eye on is your business’s profit margin. Read on to learn how to calculate profit margin for your company and ways to improve your margins. What is profit margin?
Accounting Today
MAY 6, 2024
Among the concerns of using AI in accounting are the potential risks to the security and privacy of data.
Patriot Software
MAY 6, 2024
Do you ever pay for business goods and services before you use them? If so, these types of prepaid expenses require special attention in your books. You need to create a prepaid expenses journal entry. So, do you know how to record a journal entry for prepaid expenses? Don’t panic if you don’t.
CPA Practice
MAY 6, 2024
The Massachusetts Society of Certified Public Accountants (MassCPAs) is proud to announce its investment in the future of accounting by awarding $182,500 in scholarships to 51 outstanding students across the state. These scholarships, presented through the MassCPAs Educational Foundation Scholarship Program, recognize exceptional academic performance and commitment to the accounting profession.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Patriot Software
MAY 6, 2024
How do you fill out the most recent version of the 1099-MISC form? Learn how to fill out Form 1099-MISC and where to send completed forms. Form 1099-MISC overview Form 1099-MISC, Miscellaneous Information, is an information return that businesses use to report payments and miscellaneous payments.
Accounting Today
MAY 6, 2024
The Public Company Accounting Oversight Board released a report highlighting special auditing considerations in the commercial real estate market, at a time when many office buildings have lost tenants due to remote work and empty space has grown.
CPA Practice
MAY 6, 2024
After audit firm BF Borgers was found by the Securities and Exchange Commission on Friday to have committed massive fraud and systemic failures in its audits of public companies and was permanently barred by the SEC from practicing as accountants, Borgers’ clients—including Trump Media & Technology Group—were left scrambling to find a new auditor.
Accounting Today
MAY 6, 2024
What exactly are accountants doing with artificial intelligence? Turns out, a lot.
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
CPA Practice
MAY 6, 2024
The accounting and advisory firm Marcum LLP has acquired Croskey Lanni, PC, a notable Detroit, Michigan area-based firm with an office in Boca Raton, Florida. This transaction establishes a presence for Marcum in Michigan and enhances the firm’s capabilities in tax , assurance , technology , and financial advisory & accounting services throughout the Midwest.
Accounting Today
MAY 6, 2024
Investors waiting for an update of how Donald Trump's media startup is faring will have to wait a bit longer — months by some accounts — before getting a look at financial results.
CPA Practice
MAY 6, 2024
One hundred and twenty-five staff and 24 partners from top 300 accounting firm Apple Growth Partners will join Fargo, ND-based Eide Bailly on June 24, expanding the top 20 firm’s footprint across the Great Lakes region. Financial terms of the deal weren’t disclosed. The acquisition is Eide Bailly’s second largest in its over 100-year history, according to the firm, and marks Eide Bailly’s first offices east of the Mississippi as it enters the Ohio market.
Accounting Today
MAY 6, 2024
The Internal Revenue Service is falling short on its initiative to expand jobs, services, and assistance to taxpayers in underserved populations in the Mississippi Delta, according to a new report.
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.
Cherry Bekaert
MAY 6, 2024
On April 25, 2024, the U.S. Treasury released final regulations, IR-2024-120 , covering rules related to the ability to sell and transfer credits under the Inflation Reduction Act (IRA) found in Internal Revenue Code Section 6417. This new rule substantially changes the way certain federal tax credits can now be monetized and has created quite a stir in the tax world.
Accounting Today
MAY 6, 2024
Governor Maura Healey's $4 billion housing bond bill, the state's biggest-ever investment in its residential stock, includes a provision allowing cities to impose a transfer fee of 0.5% to 2% on property sales exceeding $1 million.
Nancy McClelland, LLC
MAY 6, 2024
Tax season is over. Take a deep breath – whether you’re a bookkeeper or tax preparer, you’ve endured plenty of stress these past months, and now you’re in the perfect space between vacation and conference season to look back and figure out how to make it go better next year. That’s what we do in our firm, anyway; I learned an amazing lesson from one of my favorite instructors, Tom Gorczynski , to plan for next tax season while the pain is still fresh in your mind!
Accounting Today
MAY 6, 2024
U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year.
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.
CPA Practice
MAY 6, 2024
Thursday May 9, 2024 1:00pm ET | 12:00pm CT | 10:00am PT [link] With changes in lease accounting and emissions standards, organizations need to look beyond compliance to automating, optimizing and consolidating strategic financial systems. [This webcast is not produced by CPA Practice Advisor. ] Lease accounting leaders from PwC and LeaseAccelerator will discuss market shifts that are driving strategic changes for organizations, including scaling up to handle new standards like emissions, lever
Accounting Today
MAY 6, 2024
Jody Padar prides herself as a disrupter and rightfully so, especially in her new book.
Patriot Software
MAY 6, 2024
Although the 2024 “Tax Day” is over, tax scams live on. The IRS compiles an annual list of common scams known as the “Dirty Dozen” list. Read on to learn about the most common tax scams in 2024 to avoid falling victim to them.
CPA Practice
MAY 6, 2024
By Emily Nicolle, Bloomberg News (TNS) More than 90% of stablecoin transaction volumes aren’t coming from genuine users, according to a new metric co-developed by Visa Inc., suggesting such crypto tokens may be far away from becoming a commonly used means of payment. The dashboard from Visa and Allium Labs is designed to strip out transactions initiated by bots and large-scale traders to isolate those made by real people.
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
Insightful Accountant
MAY 6, 2024
Intuit has recently announced a new service called QB Live Expert Assisted Bookkeeping. However, this move has understandably sparked mixed reactions within the accounting community. Read more about it!
CPA Practice
MAY 6, 2024
Top 300 accounting firm LMC has acquired Vogel & Co., an independent business management and tax advisory firm with offices in Darien, CT, and West Palm Beach, FL, that specializes in family office services for high-net-worth clients. Financial terms of the deal weren’t disclosed. This strategic partnership will provide greater value to clients by expanding the range of services and solutions they offer to address the sophisticated needs of high-net-worth families and individuals, both firms
Cherry Bekaert
MAY 6, 2024
Whether you own residential or commercial property(s), selling your real estate can be a complex process, especially when it comes to tax implications and deferral options. The good news is that the current real estate market favors sellers over buyers. With limited inventory and sustained buyer demand, real estate investors looking to sell off some of their properties while simultaneously lowering their tax bill can benefit from certain tax-deferral strategies and investment options.
CPA Practice
MAY 6, 2024
Tampa, FL-based accounting platform Crete Professionals Alliance said May 2 it has raised strategic capital in a round led by Thrive Capital and Bessemer Venture Partners. The amount of capital raised wasn’t disclosed. Established in 2023 to provide an alternative to the traditional exit options for accounting and professional services firm owners, Crete PA partners with firms across the country, keeping their leadership, brand, and culture independent while providing access to its national bac
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
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