Cherry Bekaert

JUNE 10, 2024

Contributor: Mollie Carroll Financial reporting is an essential process for companies of all sizes, whether you’re a Large-Accelerated Filer or an Emerging Growth Company (EGC). External financial reporting helps investors and leaders within the company make educated decisions that are supported by financial data and business operations. Financial reporting also has compliance aspects across industry regulations and accounting frameworks.

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Accounting Today

JUNE 10, 2024

KPMG launched its new "AI Impact Initiative," which will focus on helping nonprofits implement AI as well as provide AI training and education for the "workforce of the future.

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Cherry Bekaert

JUNE 10, 2024

For fast-growing companies, becoming a C corporation for income tax purposes can offer significant tax savings for their shareholders. Section 1202 of the Internal Revenue Code (IRC) is a powerful tool for attracting investors with funds to fuel a company’s growth. To qualify for these tax benefits, both the company and shareholder must meet specific requirements, and non-compliance can result in missed opportunities for savings.

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Accounting Today

JUNE 10, 2024

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

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Tax 112

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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

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Insightful Accountant

JUNE 10, 2024

Intuit has announced price hikes for QuickBooks Products and Services starting August 1, 2024. These price changes impact a multitude of Online and Desktop products.

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Cherry Bekaert

JUNE 10, 2024

Artificial intelligence (AI) has impacted nearly all business functions, but the surge in automation advancements has especially great potential for the finance function. For finance teams and leaders to thrive in times of massive change and technological transformation, increased efficiency, agility and innovation is required. With a thoughtful AI strategy, finance leaders can harness the power of AI, modern data, predictive analytics and financial intelligence to elevate the finance function a

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CPA Practice

JUNE 10, 2024

By Kathryn Anne Edwards, Bloomberg Opinion (TNS) For more than two decades, America has pursued a policy as costly as the New Deal of the 1930s or the Great Society of the 1960s, but with a much narrower aim: cut taxes. Judging from the Congressional Budget Office’s latest forecasts, it has gone much too far. Extending the provisions of the 2017 Tax Cuts and Jobs Act, which are set to expire next year, will add an estimated $4 trillion to the federal government’s already perilously high debts.

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Accounting Today

JUNE 10, 2024

Tax deductions for meals come with a 50% limit in most cases. Here's a mini guide to noshing breaks for financial advisors, tax professionals and their clients.

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Tax 87

CPA Practice

JUNE 10, 2024

By Matthew Chancey, CFP, Kiplinger Consumer News Service (TNS) Audit. The word strikes fear in many people. They dread the scrutiny, penalties and other unfortunate outcomes when the IRS questions the accuracy or the veracity of their tax return. The IRS recently announced its plans to significantly ramp up tax audits on the wealthiest taxpayers, large corporations and large, complex partnerships for tax year 2026.

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Canopy Accounting

JUNE 10, 2024

The accounting talent shortage is impacting many firms, but that doesn’t mean it has to affect yours. Learn the simple system to go from, “Where can I find talent” to top talent asking you “How can I work for you?

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Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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CPA Practice

JUNE 10, 2024

AICPA & CIMA, together as the Association of International Certified Professional Accountants, have announced the recipients of the Bea Sanders/AICPA EDGE in Teaching Award, which recognizes exceptional teaching in introductory accounting courses, and the George Krull/Grant Thornton EDGE in Teaching Award, which recognizes and disseminates successful leading-edge practices in the teaching of junior- or senior-level accounting courses.

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Accounting Today

JUNE 10, 2024

The Public Company Accounting Oversight Board levied sanctions and $150,000 in penalties against L&L CPAs and three of its auditors for violating its rules and standards.

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CPA Practice

JUNE 10, 2024

Monthly inbound cargo volume at the nation’s major container ports is expected to reach its highest level in nearly two years this summer, according to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates. “Consumers are continuing to spend more than last year, and retailers are stocking up to meet demand, especially as we head into peak shipping season,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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Accounting Today

JUNE 10, 2024

Strategic tax leaders worry the election will lead to changes to Inflation Reduction Act renewable energy credits, while tax tacticians worry about changes to federal corporate tax rates.

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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.

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Insightful Accountant

JUNE 10, 2024

As practice owners, we’re always looking for ways to generate leads and attract new clients. One effective method to achieve this is by starting a YouTube channel. Check out this beginner's guide!

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Tax 59

Accounting Today

JUNE 10, 2024

CLA Global Limited has appointed Paul English as CEO, replacing Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the formation of the network of independent accounting and advisory firms formed in July 2022.

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Withum

JUNE 10, 2024

Personal and family financial planning is a serious undertaking. Done wrong it could affect your ability to attain your goals or retire when you want. Done right it could provide you and your family with freedom from financial concerns. Careful financial planning is necessary for everyone, but I have found that many do not prepare properly, timely or with clear goals.

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Anders CPA

JUNE 10, 2024

In a capital-intensive industry like transportation and logistics, a strong relationship with your financial institution can improve your bottom line by generating thousands of dollars of profit or enabling you to negotiate a better interest rate or a higher line of credit. Here are the steps to take to ensure you think like a banker and put your best foot forward when applying for a loan or a line of credit.

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Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

Accounting Insight

JUNE 10, 2024

Chaser, the leading global accounts receivable SaaS provider, has launched Letters. The new feature allows small-medium businesses (SMEs) to automatically schedule payment reminder letters to their debtors in the post. Chaser has expanded its credit management automation functionality to help businesses worldwide save time on manually posting payment reminder letters.

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IgniteSpot

JUNE 10, 2024

Boost Cash Flow with These Invoice Management Strategies for Small Businesses Effective invoice management is crucial for small businesses striving to maintain a healthy cash flow and streamline their billing processes. As a small business owner, understanding best practices for handling invoices can significantly impact your financial stability and operational efficiency.

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CPA Practice

JUNE 10, 2024

The AICPA & CIMA recently recognized six practicing CPAs under the age of 40 with the 2024 AICPA Outstanding Young CPA Award. Every year, these awards are given in memory of Maximo Mukelabai, a member of the inaugural class of the AICPA Leadership Academy whose life was tragically cut short in 2011 at age 36. Honorees are selected annually for exemplifying the passion, intellect and inspiration demonstrated during Maximo’s career.

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Insightful Accountant

JUNE 10, 2024

In the booming financial tech world, businesses seek innovative solutions to streamline payments and enhance customer experiences. Partner with VyaPay to elevate your value proposition and capitalize on this trend as a business leader.

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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.

CPA

CPA Practice

JUNE 10, 2024

Top 50 accounting firm Cohen & Co. announced its new partner class for 2024 on June 6, as well as two new members of its board of managers. “We are proud each year to recognize and welcome our new partners and board members, all deserving in their own unique way,” Chris Bellamy, CEO of Cleveland-based Cohen & Co., said in a statement. “They lead not only within our firm but also in our marketplaces and communities and are true examples of the best and brightest our industry has to offer.

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Menzies

JUNE 10, 2024

Menzies LLP - A leading chartered accountancy firm. Companies House has released draft rules for directors, persons with significant control (PSCs) and others needing to verify their identity under changes due to come into effect in 2025. (Exact date not yet published) What are the changes? The Companies Act 2006 and Limited Partnerships Act 1907 as amended by The Economic Crime and Corporate Transparency Act 2023, to require certain persons to verify their identity.

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CPA Practice

JUNE 10, 2024

The Public Company Accounting Oversight Board (PCAOB) doled out $150,000 worth of total fines to a Plantation, FL-based CPA firm on June 10 for violations related to quality control, auditing failures, and missing Form AP deadlines. The audit regulator handed L&L CPAs and its president Weixuan Tracy Luo a joint fine of $75,000, engagement partner Andy Chow a civil money penalty of $50,000, and engagement quality reviewer Robert Kinzer a $25,000 fine, according to the settled disciplinary ord

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Menzies

JUNE 10, 2024

Menzies LLP - A leading chartered accountancy firm. The new code of conduct applies to directors of organisations of all sizes in the public, private and not-for-profit sectors, and has been developed to assist directors in making better decisions and to promote high levels of integrity on the part of directors. It represents a voluntary commitment and is not intended to hold back directors or create a new burden of compliance.

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Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

CPA Practice

JUNE 10, 2024

On June 27–28, government representatives and expert tax practitioners gather for the 16 th Annual Tax Controversy Forum , organized by the NYU School of Professional Studies Division of Programs in Business , in New York City. The event, which takes place at the Westin New York at Times Square , brings together tax industry professionals to share their perspectives on a variety of topics involving federal tax audits, appeals, and litigation.

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Accounting Today

JUNE 10, 2024

Stanley Goldstein's suggestions offer advice for building a successful career.

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CPA Practice

JUNE 10, 2024

CLA Global Ltd., a network of accounting and advisory firms with more than 180 offices and 13,500 professionals around the world, including top 10 firm CLA (CliftonLarsonAllen) in the U.S., has appointed Paul English as CEO. English will replace Sancho Simmonds and Joseph Kask, who have held the role of co-CEOs of CLA Global since the network was formed in July 2022.

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Accounting Today

JUNE 10, 2024

Donald Trump said he'd scrap taxes on tipped earnings for hospitality workers if he wins the White House, calibrating his message for swing-state voters in Nevada as he fights back after his felony conviction.

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Managing bookkeeping and tax can be challenging for businesses of all sizes. Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month. Open monthly communication and an easy-to-use online chat with your bookkeeper provide consistent support and seamless management.

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