Withum
SEPTEMBER 21, 2023
In a recently issued notice, #IR 2023-126, the IRS warns that the government is coming after high-income taxpayers who fail to file a tax return. The IRS discusses how the reduction in agency funding in the past impaired the Service’s ability to track down high-income non-filers and what the recent budget increases have permitted the IRS to accomplish in terms of collecting taxes and even securing criminal convictions.
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.
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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.
Accounting Today
SEPTEMBER 21, 2023
Businesses have been dealing not only with inflation and rising interest rates, but also new requirements for family leave, minimum wage increases, and pay transparency rules.
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Companies are increasingly choosing to automate their month-end close process, hoping to get rid of manual activities, save time, and get control of the close. By allowing technology to take the wheel, finance leaders can streamline and optimize the close, leading to greater accuracy, reduced risk, and improved efficiency. This being said, it can still be difficult to find the best month-end close solution for your team.
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.
Withum
SEPTEMBER 21, 2023
Withum has been analyzing the increasing wage gap in the NFL and how it affects various positions. The position that has been affected the most has been that of the running back, whose contracts have been declining over the years. We will look at the case of Saquon Barkley , New York Giants running back, whose contract situation was a microcosm of the entire running back ecosystem.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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 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.
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.
Accounting Today
SEPTEMBER 21, 2023
The Internal Revenue Service is encouraging employers to work with qualified tax professionals rather than shady promoters.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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
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.
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.
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
Advertiser: Paycor
These calendars provide pay period dates and paydays for biweekly, semi-monthly, and monthly payroll in 2024. Use them as a reminder or share with employees so they can celebrate payday.
Accounting Today
SEPTEMBER 21, 2023
The consultancy, created by former partners of Arthur Andersen, expects revenue to exceed $1.9 billion this year.
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.
Accounting Today
SEPTEMBER 21, 2023
A look at the strengths, weaknesses, opportunities and threats of tools like ChatGPT in promoting professional services.
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: Nancy Wu, Head of Sales and Customer Success at SkyStem
How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.
Accounting Today
SEPTEMBER 21, 2023
Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases.
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.
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.
Advertiser: Paycor
On August 30, 2023, the DOL unveiled a proposed overtime rule that would raise the weekly salary threshold under the Federal Labor Standards Act. Paycor is closely monitoring the proposal and will provide updates as new information becomes available.
Accounting Today
SEPTEMBER 21, 2023
Lawmakers suggested investigators were hamstrung from bringing charges and questioned why the statute of limitations was allowed to expire for some tax offenses without charges being brought.
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.
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.
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.
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
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.
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.
Accounting Today
SEPTEMBER 21, 2023
Accounting firms need to be bolder with their recruiting, and these four strategies can help.
CPA Practice
SEPTEMBER 21, 2023
By Irina Anghel, Bloomberg News (TNS) PricewaterhouseCoopers Australia will cut partner pay by 30% next year following the tax document leaking scandal that wiped out profit for 2023. Kevin Burrowes, who was appointed chief executive officer in June after former boss Tom Seymour stepped down in the wake of the scandal, apologized for past failures in leadership.
Advertiser: Paycor
Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.
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