Cherry Bekaert

MAY 17, 2023

Whether your company functions as a small operation, a single-state operator (SSO), multi-state operator (MSO) or provides ancillary services to the cannabis industry, Cherry Bekaert offers a diverse suite of accounting , tax and business advisory services to help you meet your growth objectives. From seed to sale, our trusted advisors, extensive resources and global reach uniquely position us to help your organization with initial structuring decisions; valuation, due diligence and growth capit

Account 52

Account accountant accounted audit 52

CPA Practice

MAY 17, 2023

The IRS on Tuesday released the 2024 inflation-adjusted amounts for health savings accounts, and the big takeaway is employees will be able put more money in their HSAs next year. Here is a quick breakdown of the new HSA and high-deductible health plan contribution limits for 2024, according to the IRS: Annual contribution limits: $4,150 for self-only coverage (up from $3,850 in 2023) and $8,300 for family coverage (up from $7,750 in 2023).

Account 105

Account accountant accounted 105

Xero

MAY 17, 2023

There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have less time to make the switch. We urge you to start focusing on this, to avoid any disruption to your workflows.

general ledger 99

general ledger Start-ups Education Account 99

CPA Practice

MAY 17, 2023

By Dawn Moser. American manufacturing has been a hot-button issue for decades. Many think of U.S.-based manufacturing as a relic of the mid-1900s. And while there had been some decline in the ’70s, ’80s, and ’90s, it was really during the first two decades of the millennium that saw a sharp decrease in the industry as a portion of U.S. jobs or a percentage of gross domestic product.

Manufacturing 105

Manufacturing Transportation Tax Sales 105

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.

Xero

MAY 17, 2023

Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience in a complex macroeconomic environment, our valuable customer proposition, our increasing efficiency, and commitment to even more disciplined, customer

Maine 93

Maine Start-ups Account accountant 93

CPA Practice

MAY 17, 2023

By Carl Hoemke. The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Take business personal property renditions, also known as personal property returns. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ? What is a business personal property rendition?

South Dakota 105

South Dakota North Dakota Real Estate Washington 105

CPA Practice

MAY 17, 2023

In response to a study by Stanford University researchers that concluded Black Americans are up to five times more likely to have their federal tax returns audited than taxpayers of other races, new IRS Commissioner Daniel Werfel said initial results of an internal investigation confirmed the researchers’ findings, said he is “deeply concerned” by the apparent racial disparity in the selection of tax returns for audit, and pledged he will “stay laser-focused on this to ensure that we identify an

audit 98

audit tax return Tax accounting and finance 98

GrowthForceBlog

MAY 17, 2023

7 min read Marketing strategies, tools, and trends change constantly, and none shift quite as quickly as trends in digital marketing. With technology continuously advancing, digital marketing is a swift-paced advertising channel. Key Takeaways User-Generated Content: The importance of user-generated content is on the rise, as well, with 90% of customers reporting relying on user-generated content for purchasing decisions… Phasing Out Third-Party Cookies: Websites use third-party cookies (bits of

Sales 82

Sales Technology 82

CPA Practice

MAY 17, 2023

Intuit QuickBooks and Mailchimp Celebrate Small Business Heroes Delivering Big Impact in Their Communities Three small businesses have each been awarded $20,000 as part of the second annual Intuit QuickBooks and Mailchimp Small Business Hero Day, a moment designed to celebrate the success of U.S. small businesses and recognize the incredible impact they have in our communities.

Louisiana 97

Louisiana quickbooks Michigan Transportation 97

Insightful Accountant

MAY 17, 2023

If you find an 'automatic update' download for QuickBooks Desktop failed to install, Murph has some procedures you can try.

quickbooks 105

quickbooks 105

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 17, 2023

By Joshua Tehee, The Fresno Bee (TNS) A former Fresno IRS employee who also worked as a private tax preparer was sentenced Thursday for 13 felonies related to identity theft and wire and tax fraud. Deena Vang Lee received four years and six months in prison and must pay a $191,597 fine, according to a release from the IRS. Lee was arrested in 2019 and convicted in January on three counts of wire fraud, two counts of aggravated identity theft, five counts of preparing and presenting false and

tax preparation 96

tax preparation Tax tax return 96

Withum

MAY 17, 2023

The U.S. Treasury released proposed regulations for Section 367(d) on May 2, 2023, providing guidance on the treatment of intangible property that was previously transferred to a foreign company and subsequently repatriated back to the United States – specifically, property that was subject to the rules of Section 367(d) upon expatriation. These proposed regulations would apply to subsequent transfers of previously outbound intangible property on the date when the regulations are finalized

75

75

Wellers Accounting

MAY 17, 2023

Chris Thompson explains why Wellers' offices will close for a day in May.

95

95

Withum

MAY 17, 2023

Recent inflation has created a strain on real estate construction projects, as commodity and building material prices have soared. An infusion of expenditures from the Infrastructure Investment and Jobs Act (“IIJA”) is designed to spur development of the infrastructure and transportation sectors, which may create demand-side competition between real estate construction and infrastructure and transportation sectors for commodities.

Real Estate 72

Real Estate Construction Transportation New York 72

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

Technology

Shay CPA

MAY 17, 2023

When you think about things that make or break a startup, a lot probably comes to mind. From strategic thinking to runway, your burgeoning company needs a lot of things to go right in order to thrive. The good and bad news is that a lot of those factors interplay. If you miss one area, it can affect others, creating a cascade of problems. On the flip side, though, getting a holistic view of your company helps you see where it’s headed, supporting your ongoing success.

NetSuite 59

NetSuite accounting and finance quickbooks CPA 59

Withum

MAY 17, 2023

Clutter grows and doesn’t dissipate, no matter how hard we try. Financial clutter can cost money, waste opportunities and time, and lessen the feeling of monetary security. This Thursday, Ed Mendlowitz , CPA, will present a virtual program on Decluttering Your Financial Affairs. This is part of the continuing Take A Business Break series for the East Brunswick Public Library.

tax return 59

tax return public accounting CPA Tax 59

Reckon

MAY 17, 2023

Yauhen Zaremba, Director of Demand Generation tell us, “Put simply, a higher ROI indicates you are productively managing your balance sheet and generating profit. A higher ROI also indicates that your business requires minimal investment for maximum profit. However, it’s important to keep in mind that it shouldn’t be the only metric you measure for profitability.

accounting and finance 52

accounting and finance accounts payable Finance Sales 52

Withum

MAY 17, 2023

Introducing a new video series tailored to Real Estate professionals on trending topics in the Real Estate industry, tax subjects and more! Seeking relevant information in your Real Estate realm? Withum’s Michael Hurwitz answers and asks questions to other Withum experts throughout this series giving you the latest news and tips applicable to your business, with his 30 years’ experience in the Real Estate Tax arena.

Real Estate 52

Real Estate Tax 52

Advertisement

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Insightful Accountant

MAY 17, 2023

Intuit has begun pushing out the May, 2023, R14 update to QuickBooks 2021 Desktop Products, including Enterprise 21.0. You may have already seen this update pending in QuickBooks 2021 software.

quickbooks 52

quickbooks 52

CPA Practice

MAY 17, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block. In a report the agency submitted to Congress on Tuesday, as required by the Inflation Reduction Act, the IRS said it evaluated the feasibility of providing taxpayers with the option of a free, voluntary, IRS-run electronic filing system, which is being called “Direct File.

tax preparation 52

tax preparation Tax tax return Washington 52

ThomsonReuters

MAY 17, 2023

As we complete our examination of the impacts of SAS 145 for tax and accounting professionals, we’ll build on our previous posts on risk assessment , documentation and analysis , and balancing scope and complexity in auditing. In this last post, we’ll look at risks that can arise from the use of IT in accounting and auditing. General IT controls Keeping in line with advancements in technology and the widespread use of automation tools and techniques, SAS 145 acknowledges the use o

auditor 52

auditor audit Technology Tax 52

CPA Practice

MAY 17, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession. Schneider Downs Expands Strategic and Transaction Advisory Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, recently added a team of five strategic and transaction advisory consultants to the firm’s Consulting and Business Advisory practice.

South Carolina 52

South Carolina North Carolina Colorado audit 52

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.

Summit CPA

MAY 17, 2023

Benefits include increased productivity and improved recruiting. Here’s how to think through–and successfully implement–this new way to work. When running a business, sometimes you’ll hear a knee-jerk idea–you know, the kind that makes you say, “Impossible. No way we could ever do that.” That’s what a lot of people say when they hear about the movement to reduce the typical workweek from five eight-hour days to four, for a total of 32 working hours.

CPA 52

CPA Account accountant accounted 52

CPA Practice

MAY 17, 2023

FORVIS, a leading accounting and advisory firm, continues to grow its international presence with an expansion into Canada. The FORVIS Global Advisory Canada ULC office has opened in Toronto and is focused on providing advisory services to clients in the financial services industry. As a wholly owned subsidiary of FORVIS, LLP, FORVIS Global Advisory Canada is positioned to serve the needs of several core financial services clients in Canada, including some of the country’s largest banks.

audit 52

audit Technology Account accountant 52

Accounting Insight

MAY 17, 2023

The majority of accountants (56%) spend too much time on manual tasks. That’s according to new data from cloud pre-accounting platform Dext , which surveyed 250 accountants and bookkeepers across the UK to determine the extent of technology adoption across the sector. The survey revealed that on average 26-50 percent of tasks are currently automated.

Technology 52

Technology Account accountant accounted 52

CPA Practice

MAY 17, 2023

By Gail Cole. South Dakota’s state sales and use tax rate will drop from 4.5% to 4.2% starting July 1, 2023. It will return to 4.5% beginning July 1, 2027. The new rate of 4.2% will apply to all sales in the state previously subject to the higher rate. The sales tax rate change is due to the enactment of House Bill 1137. As introduced, the measure sought to reduce the state sales and use tax rate to 4%.

South Dakota 52

South Dakota Sales Tax Government 52

Advertisement

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Withum

MAY 17, 2023

So, you have completed the First Steps to Streamline Your Processes and have documented and mapped out your current processes (your “current state”). Now you are ready to take the next steps: analyze your current state, design a future state and manage the change. 1. Analyze With your documentation in hand, analyze the existing processes and work through questions to identify all potential opportunities for improvement: Where is there duplicate work being done?

CPA 64

CPA Management Consulting Account accountant 64

CPA Practice

MAY 17, 2023

Top 35 firm Aprio has deals in place to grow its presence in the Northeast and Mid-Atlantic regions. The Atlanta-based firm announced on May 16 it is merging with accounting firms Tobin & Collins and Squire, Lemkin + Company. The deals are expected to close on June 1. Terms were not disclosed. As part of the agreements, Tobin & Collins’ 43 team members and four partners, and SL+Co’s 25 team members and five partners will join Aprio.

cpa firm 52

cpa firm CPA Real Estate New Jersey 52

Going Concern

MAY 17, 2023

High school students in the state of New York have the chance to participate in the Career Opportunities in the Accounting Profession program this summer, the deadline to apply is Friday, June 23, 2023 at 11:59pm which you can do at this link. Let’s skip the unnecessary commentary and get straight to the details. From New York State Society of CPAs: COAP helps you explore what you can do in the accounting field.

New York 87

New York Account accountant accounted 87

CPA Practice

MAY 17, 2023

By Kristin Alexander. When it comes to managing excise tax compliance, many energy and fuel businesses are burning the midnight oil to keep up. The industry faces continual pressure from mounting environmental and health standards. Complex tax laws that vary across products and jurisdictions add fuel to the fire. Factor in that 63% of energy businesses and 48% of fuel companies included in a recent Aberdeen Strategy & Research study were hit with penalties or interest from audits in the

Tax 52

Tax Technology audit Entertainment 52

Advertisement

"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.

cpa firm