Standard vs. itemized: Who deducts what?
Accounting Today
SEPTEMBER 16, 2024
Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.
Accounting Today
SEPTEMBER 16, 2024
Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.
Withum
SEPTEMBER 16, 2024
As a plan sponsor, staying informed about the latest regulations and industry trends is crucial to the success of your employee benefit plan as we navigate through employee benefit plan filing season. Adhering to regulatory requirements and ensuring compliance to avoid potential penalties are priorities for plan sponsors with employee benefit plan audits.
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Accounting Today
SEPTEMBER 16, 2024
The Treasury Inspector General for Tax Administration, in two reports, critiqued the IRS on cybersecurity for both its data warehouse and its cloud infrastructure.
CPA Practice
SEPTEMBER 16, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, review Supervizor , a continuous quality assurance system that helps accounting firm’s error-proof their client’s bookkeeping and curb fraud. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
Speaker: Joe Wroblewski, Sales Engineer Manager
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Accounting Today
SEPTEMBER 16, 2024
Find out what the client needs and then figure out how to fill that need.
CPA Practice
SEPTEMBER 16, 2024
Payroll solutions provider Gusto has announced a new artificial intelligence-powered assistant called “Gus,” aimed at helping small business owners save time, get personalized insights, and make smarter decisions about their businesses. Gus can provide business owners with quick answers to their most frequently asked questions, such as their compliance requirements or what they need to do to file their taxes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 16, 2024
Many professionals across various industries have gone to sites like LinkedIn and Reddit over the past week or so to discuss—and to criticize, by some—a recent plan by PwC to monitor where its 26,000 employees in the United Kingdom do their work from starting in January, as the Big Four accounting firm tightens the screws on its hybrid work policy. This move reflects a broader trend of employers rolling back hybrid working arrangements that became popular during the COVID-19 pandemic.
Going Concern
SEPTEMBER 16, 2024
Monday already? Guess we should see what’s going on in the world. Can someone help me come up with a Vault-Tec joke for this story? Because I know it’s right there. "As it stands today, Deloitte is not known as a shipbuilder, nor is it clear it could meaningfully contribute to the construction of submarines." [link] — Going Concern (@going_concern) September 14, 2024 Speaking of Deloitte, the UK business is finally entering the modern age and extending equal family leav
CPA Practice
SEPTEMBER 16, 2024
The Department of the Treasury and the Internal Revenue Service have issued proposed regulations PDF for Tribal General Welfare Benefits. Section 139E of the Internal Revenue Code was enacted by the Tribal General Welfare Exclusion Act of 2014 and excludes from gross income the value of any Tribal General Welfare Benefit. As described in the Consultation and Federal Feedback summary PDF , the proposed regulations are the result of long-term efforts by Treasury, IRS, the Treasury Tribal Advisory
Insightful Accountant
SEPTEMBER 16, 2024
As Congress reconvenes this month, tax practitioners find themselves navigating an uncertain legislative landscape with the looming threat of a government shutdown and its potential impact on year-end tax legislation.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
CPA Practice
SEPTEMBER 16, 2024
Michael E. Kanell The Atlanta Journal-Constitution (TNS) Will they or won’t they? The interest rate-setting committee of the Federal Reserve will meet starting Tuesday to discuss the economy and a potential cut to the central bank’s benchmark rate — a decision that will affect the pricing of home, auto and business loans, credit card rates, the rates for savers and so on.
Withum
SEPTEMBER 16, 2024
A common challenge when completing a business valuation for SBA 7(a) purposes is how much reliance should be given to the seller’s interim financial statements. Generally, an SBA lender will provide an appraiser with three years of business tax returns and interim financial statements as of the current calendar year. This is where certain trends may be observed from the interim financial statements on an annualized basis that have large divergences from the business tax returns.
CPA Practice
SEPTEMBER 16, 2024
insightsoftware (lowercase intentional), a provider of solutions for CFOs, has released its 2024 Finance Team Trends Report. The report analyzes data integration challenges, the rise of artificial intelligence (AI), essential shifts in cloud computing, and the ongoing impact of staffing and skills challenges across the finance and accounting sectors.
Accounting Today
SEPTEMBER 16, 2024
Wolters Kluwer announced major enhancements to CCH Axcess Audit, which works with numerous other modules in the suite to produce more detailed insights and workflow integration.
Advertiser: Paycor
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Anders CPA
SEPTEMBER 16, 2024
It’s that time of year, when we start to get our financial ducks in a row. The end of Q3 is the perfect time to look back at the past year and ahead to the future. This period provides a critical opportunity to assess performance, identify areas for improvement, and set strategic goals. The transportation industry has endured a lot in these past few years, but a wise colleague of mine once said, “Prepare to endure, endure.
Accounting Today
SEPTEMBER 16, 2024
John Napolitano of Napier Financial takes a long look at the host of unusual investment opportunities available to your wealthier clients.
Ace Cloud Hosting
SEPTEMBER 16, 2024
Cloud technology is a game-changing innovation in the IT/ITES industry. It has transformed the way businesses manage and operate, allowing them to store and process data on remote servers hosted.
Accounting Today
SEPTEMBER 16, 2024
In the latest example of accounting firms taking on outside investments, the internationally focused firm has sold a minority stake to an Indian billionaire.
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.
Going Concern
SEPTEMBER 16, 2024
Deloitte has reported its global revenue numbers and while it’s another record-smasher for the Big D, it’s also got to be a bit disappointing for the firm that enjoys self-jerking it to their greatness more than any other. Growth is in the low single digits for the first time since 2020 when they clocked in at 3.9% growth (in US currency).
Accounting Today
SEPTEMBER 16, 2024
The accounts are expected to grow by another trillion dollars over the next decade because of their tax and flexibility advantages, Daffy CEO Adam Nash said.
Ace Cloud Hosting
SEPTEMBER 16, 2024
As a business owner, you are always looking for technological solutions to make the process streamlined and error-free. However, with various options available in the market, it becomes challenging to.
Accounting Today
SEPTEMBER 16, 2024
The IRS has postponed payment and filing deadlines for those affected by the storm.
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.
Insightful Accountant
SEPTEMBER 16, 2024
You still have plenty of time to apply for the International ProAdvisor Awards, but why wait. you can start your application and come and go as you complete new training, earn certifications and use/learn new Apps.
Accounting Today
SEPTEMBER 16, 2024
Hong Kong's Accounting and Financial Reporting Council said its review of PwC's local practice, which is separate from China's probe, is still "in progress.
Insightful Accountant
SEPTEMBER 16, 2024
Murph will host Dawn Brolin, Kelly Gonsalves, and Jeff Siegel to review the Top 100 ProAdvisors' Top 10 most popular eCommerce Connector Apps today, September 17 at 2 PM Eastern.
LSLCPAs
SEPTEMBER 16, 2024
As a business owner, your primary focus is on growing and managing your business. However, while navigating the financial landscape can be complex and time-consuming, prioritizing regular meetings with your Certified Public Accountant (CPA) is crucial to your business’s success. So you don’t get overwhelmed, remember that you don’t have to cover every item on.
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.
CPA Practice
SEPTEMBER 16, 2024
Wolters Kluwer Tax & Accounting unveiled on Sept. 16 a huge expansion of its CCH Axcess Audit solution, which integrates with other key CCH Axcess modules for faster, more precise engagements across firms of all sizes. According to Wolters Kluwer, the new technological advancements reduce manual data entry, minimize errors, and sync data in real time, adding a layer of agility and cohesion to every project.
Menzies
SEPTEMBER 16, 2024
Menzies LLP - A leading chartered accountancy firm. In anticipation of this year’s Autumn Budget, Menzies’ Retail Sector Team have compiled a Wishlist for the sector, covering key areas such as VAT, business rates, the national living wage, and the employer national insurance allowance, highlighting the measures businesses should focus on.
FraudFiles
SEPTEMBER 16, 2024
In the early stages of divorce, clients are required to complete financial affidavits, financial declarations, or other similarly titled disclosures. The importance of an accurate disclosure of assets, liabilities, and income is obvious. Yet many clients are unable to accurately prepare this financial information. Particularly in high net worth divorces, it may be difficult for [.
Accounting Today
SEPTEMBER 16, 2024
Former President Donald Trump's agenda of higher tariffs on U.S. imports would help offset his expanding tax-cut proposals if he's reelected in November, according to his running mate, Ohio Senator JD Vance.
Advertiser: Paycor
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