IRS moratorium on new ERC claims puts spotlight on preparers
Accounting Today
SEPTEMBER 21, 2023
The Internal Revenue Service is encouraging employers to work with qualified tax professionals rather than shady promoters.
Accounting Today
SEPTEMBER 21, 2023
The Internal Revenue Service is encouraging employers to work with qualified tax professionals rather than shady promoters.
Going Concern
SEPTEMBER 21, 2023
On Tuesday the Tennessee Department of Commerce & Insurance (TDCI) published an alert for customers of Chattanooga-based “accounting firm” JD Frost & Company, also known as Croft & Frost , also known as a nuclear dumpster fire wearing a ratty T-shirt with the words “TOTALLY REAL ACCOUNTING FIRM” sloppily screen-printed on it.
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Accounting Today
SEPTEMBER 21, 2023
The consultancy, created by former partners of Arthur Andersen, expects revenue to exceed $1.9 billion this year.
Going Concern
SEPTEMBER 21, 2023
The Australian government released exposure draft legislation yesterday in response to “the PwC matter” and the funniest part is the special email they made to receive comments: PwCResponse@treasury.gov.au. Not ConsultingReponse or Sept23TaxReform, specifically PwC Response. In four separate exposure drafts that amend the Taxation Administration Act 1953 (TAA) and/or the Tax Agent Services Act 2009 (TASA), the government is seeking stakeholder comments on proposals that would strongl
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Accounting Today
SEPTEMBER 21, 2023
In the complex world of finance and accounting, precision is paramount. Every transaction, every number, every document, and every piece of data holds immense value.
CPA Practice
SEPTEMBER 21, 2023
By Shalene Gupta, Fast Company (TNS) If you work a traditional 9 to 5, you spend at least a quarter of your life at work, if not more. Ideally, these hours should be delightful, at worst tolerable, but that’s not always the case. HP surveyed 15,000 employees in 12 countries and asked them about their relationship with work. Overall, the picture is grim.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 21, 2023
By Michael Grothaus, Fast Company (TNS) Many members of Gen Z are entering their post-college years, and that will mean experiencing many firsts in their lives: getting their first professional job, renting their first apartment, applying for their first mortgage, and buying their first health insurance policy. And with all these firsts come legal contracts that should be read in full before signing.
Accounting Today
SEPTEMBER 21, 2023
A KPMG poll found more than half of businesses say digital transformation initiatives have exceeded expectations for ROI but this may not necessarily translate into more profits.
CPA Practice
SEPTEMBER 21, 2023
By Dina Bass, Bloomberg News (TNS) Microsoft Corp. said its AI assistant for Windows will start rolling out Sept. 26 and the Office AI app will be widely available Nov. 1 as the software giant continues to bake generative artificial intelligence into its products. Microsoft’s Copilot-branded AI assistants will provide a unified experience across operating systems, applications and devices, Microsoft Chief Executive Officer Satya Nadella said Thursday at an event in New York.
Accounting Today
SEPTEMBER 21, 2023
A look at the strengths, weaknesses, opportunities and threats of tools like ChatGPT in promoting professional services.
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.
CPA Practice
SEPTEMBER 21, 2023
By Kathryn Pomroy, Kiplinger Consumer News Service (TNS) The average American employee hasn’t received a raise in three years, a new survey shows , reflecting the disconnect between rising inflationary pressures and wage growth. The survey of 2,000 American adults was conducted by OnePoll, an international market research agency, on Aug. 31, 2023. Participants were asked when they last received a pay raise.
Accounting Today
SEPTEMBER 21, 2023
Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.
AccountingDepartment
SEPTEMBER 21, 2023
As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial in assessing the performance of your business, determining the areas that need improvement, and making informed decisions.
GrowthForceBlog
SEPTEMBER 21, 2023
8 min read When small business owners get their monthly financial statements, their eyes quickly focus on the bottom line of the income statement.
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.
Cherry Bekaert
SEPTEMBER 21, 2023
Colorado The Colorado Department of Revenue (DOR) recently created an informational section on its website specifically for the state’s pass-through entity (PTE) Tax election. This SALT Parity Act Election landing page contains guidance and links for current and future elections, as well as newly issued guidance for making retroactive 2018-2021 tax year elections.
Reckon
SEPTEMBER 21, 2023
Did you know you can get an easy tax boost by claiming a host of expenses incurred in the digitisation of your small business? The federal government and the ATO are keen for small businesses to adopt newer technology and better and more innovative ways of doing work. To help you out, there’s some juicy incentives being dangled. It’s called the ‘small business technology investment boost’, and can be claimed for a variety of digitalisation expenses, including your accounting software , but a hec
Accounting Today
SEPTEMBER 21, 2023
Accounting firms need to be bolder with their recruiting, and these four strategies can help.
SkagitCountyTaxServices
SEPTEMBER 21, 2023
Let me begin by noting, if you were looking to file for the Employee Retention Credit this year, heads up that the IRS isn’t processing any new claims through the end of the year. This is an effort to keep you out of hot water if you shouldn’t be claiming the ERC and to crack down on any questionable claims resulting from aggressive marketing for it.
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.
Accounting Today
SEPTEMBER 21, 2023
The accounting icon has found yet another way to give back in addition to his teaching, mentoring, writing and many other contributions to the profession.
Insightful Accountant
SEPTEMBER 21, 2023
Murph checked out the Canon imageFormula R40 Receipt Edition for QuickBooks Online. See how it captures receipts, extracts key data, and sends the data and image to QuickBooks in a few clicks, and handles other documents just as well.
Accounting Today
SEPTEMBER 21, 2023
A trial threatened to descend into chaos after 12 jurors clashed over race and class while weighing charges against a wealthy developer and two others accused of arranging $1.3 billion in phony tax deductions.
Insightful Accountant
SEPTEMBER 21, 2023
Gary DeHart and Roman Kepczyk, CPA, discuss the importance and advantages of hosted/remote/cloud based solutions for accounting firms of all sizes.
Advertiser: Paycor
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Accounting Today
SEPTEMBER 21, 2023
As a lecturer, Ed believes in the power of handing down knowledge to future generations.
Going Concern
SEPTEMBER 21, 2023
Email: The word itself sounds innocent, doesn’t it? Kind of like “snail mail,” but faster, sleeker, and without the slimy trail. But don’t be fooled—email is secretly a sinister beast, hiding in the shadows as it plots to destroy businesses—including your accounting firm. If your accounting firm still relies heavily on email for client communication and document management, you’re not in the fast lane—you’re on the road to ruin.
Ace Cloud Hosting
SEPTEMBER 21, 2023
QuickBooks Hosting is the process of installing the QuickBooks Desktop accounting software on the cloud server, making it accessible via a web browser. It leverages cloud-based technology to deliver enhanced.
Insightful Accountant
SEPTEMBER 21, 2023
Deloitte's recent '2023 Q3 CFO Signals' survey shows that optimism for the economy is rising among large-company CFOs.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
CPA Practice
SEPTEMBER 21, 2023
By Yinka Ibukun, Bloomberg News (TNS) Andersen Global, a professional services firm cobbled together from the remains of the collapsed accounting giant Arthur Andersen, is on track to generate a 19% increase in revenue this year. The consultancy, created by former partners of Arthur Andersen, expects revenue to exceed $1.9 billion this year, Chief Executive Officer Mark Vorsatz said in an interview.
LSLCPAs
SEPTEMBER 21, 2023
While it’s something that has always been important, managing people and the tools and ways in which we do that has become more important than ever. The where and how we are working has likely changed forever in this post-COVID world, and presented new opportunities and challenges when it comes to managing people. People Management. The post People Management in Local Government Finance Departments appeared first on LSL CPAs.
CPA Practice
SEPTEMBER 21, 2023
Top 20 accounting firm Eide Bailly is growing its presence in Southern California by combining with Torrance, CA-based Raimondo Pettit Group. The merger, which will bring six Raimondo Pettit partners and 55 staff into Eide Bailly, is expected to happen on Oct. 30, according to a press release. “RPG’s rich history and industry depth make them an ideal partner with Eide Bailly.
Basis 365
SEPTEMBER 21, 2023
The budget season has begun, and now is the time to start planning your 2024 plans. Are you prepared? A business owner must recognize the importance of a well-defined budget for the new year. Budgeting involves identifying opportunities and setting goals that will help keep doors open in the coming year. It also includes accelerating growth. Budgeting for next year isn't as tricky.
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
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