ThomsonReuters

MARCH 27, 2024

The IRS is having a big problem dealing with non-filers – individuals and businesses who fail to file their required tax returns. It’s an issue that’s been around for years, but one that hasn’t been a top priority for the IRS of late. As a result, there’s been a substantial increase in the amount of taxes that aren’t being paid. But now, the IRS is making a new effort to fix the problem, starting with high-income taxpayers.

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Tax tax return audit Education 97

BurklandAssociates

MARCH 27, 2024

For venture-backed startups looking to optimize costs without compromising on financial expertise, hiring a fractional CFO can be a game-changer. The post Cost Benefits of a Fractional CFO vs. Full-Time CFO for Startups appeared first on Burkland.

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Gaming 144

CPA Practice

MARCH 27, 2024

By Dave Eisenstadter, masslive.com (TNS) With this year’s tax filing deadline approaching, IRS reporting continues to show millions fewer refunds this year compared with last year. Records obtained from the IRS show that this year’s tax season is on track to have the fewest refunds in at least 15 years. As of the week ending March 15, the most recent data available , the IRS had issued just over 49 million tax refunds, close to 9% lower than at that point in the tax season last year, when near

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Tax Massachusetts tax return Maine 119

Going Concern

MARCH 27, 2024

Is no one concerned about the brain drain happening at the lowest levels as all the grunt work that used to train newbies gets sent overseas? Are we quickly headed toward a world where entire teams from manager on down are in another country? And does this mean clients will get a break on fees since the talent is so much cheaper? LOL to that last one.

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accounting firms Account accountant accounted 119

Advertiser: Paycor

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CPA Practice

MARCH 27, 2024

By Dwight Kay, Kiplinger Consumer News Service (TNS) Historically, the practice of tax-smart investing has been a powerful strategy for real estate investors. Very simply, tax-smart investing targets leveraging various investment strategies and vehicles in order to potentially optimize returns while also minimizing tax liabilities. When it comes to real estate investing, three of the most powerful tax-smart options include: Qualified opportunity zones (QOZs) Delaware statutory trusts (DSTs) Real

Real Estate 119

Real Estate Tax Delaware Non-Profits 119

Accounting Today

MARCH 27, 2024

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

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Withum

MARCH 27, 2024

In celebration of Women’s History Month, Withum’s Multiemployer Benefit Plans and Labor Unions Service Partner, Jessica Roster , had an insightful conversation with Madison Hull, the Director of Service and President at District Council 16 International Union of Painters & Allied Trades. Madison’s professional journey is nothing short of remarkable.

Nevada 111

Nevada Construction Start-ups Education 111

CPA Practice

MARCH 27, 2024

By Saahil Desai, The Atlantic Online (TNS) During the torture ritual that was doing my taxes this year, I was surprised to find myself giddy after reading these words: “You are now chatting with IRS Representative-1004671045.” I had gotten stuck trying to parse my W-2, which, under “Box 14: Other,” contained a mysterious $389.70 deduction from my overall pay last year.

Technology 115

Technology Government Tax tax return 115

Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. DSTs are considered securities under federal law and hold fractional interest. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange.

Delaware 110

Delaware Real Estate accounting standards Legal 110

CPA Practice

MARCH 27, 2024

In the realm of financial reporting, data accuracy is crucial to regulatory compliance and complete visibility into business performance. However, many companies do not have full confidence in their data, with 37% of CFOs and 50% of senior finance and accounting professionals questioning its accuracy and reliability. Errors in financial data can lead to a number of legal consequences associated with non-compliance, including fines and other penalties.

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accounting and finance Spend Management Software CPA Finance 115

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Insightful Accountant

MARCH 27, 2024

The Senate Finance Committee recently held a hearing to discuss Biden’s proposed budget and tax law changes and tax pros are now speculating what those proposals may mean for the rest of 2024.

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Tax Finance 106

Accounting Today

MARCH 27, 2024

A negative outlook on work-life balance is one of the most important factors driving people away from the auditing profession.

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auditor audit 122

Insightful Accountant

MARCH 27, 2024

Bookkeepers need cloud computing, AI, and automation to enhance service levels. These tools enable quicker and more efficient completion of tasks, ultimately improving overall performance. Read more about it here!

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bookkeeping 105

Nancy McClelland, LLC

MARCH 27, 2024

So very pleased to announce that Nancy been nominated once again for Insightful Accountant’s prestigious “Top 100 ProAdvisors Award”! It’s her fifth time being nominated, and after last year’s win , we’re hoping to make it a two-fer. One small challenge this year is that due to an administrative snafu, the name “Nancy McClelland” shows as the very last one on the list, rather than in alphabetical order.

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Insightful Accountant

MARCH 27, 2024

In our attempt to bring you more International Coverage welcome an "International Pro's Perspective". Sholto Macpherson brings a fresh perspective on the Accounting Tech.

Tax 105

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Cherry Bekaert

MARCH 27, 2024

A Delaware Statutory Trust (DST) is a real estate investment vehicle structured as a separate legal entity. DSTs are considered securities under federal law and hold fractional interest. They are treated like direct property ownership for tax purposes, which meet the requirements of like-kind property and qualify as replacement property for a Sec. 1031 exchange.

Delaware 98

Delaware Real Estate accounting standards Legal 98

CPA Practice

MARCH 27, 2024

The 2024 tax season is almost over and millions of Americans are finalizing their 2023 returns, which are due to the Internal Revenue Service by Monday, April 15, 2024. The IRS expects to have more than 128 million individual tax returns filed by that deadline. As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) wants individual filers to be aware of what’s new for this filing season: Standard deduction increases : the standard deduction amount for 2023 has

Tax 96

Tax tax return cpas Start-ups 96

Accounting Today

MARCH 27, 2024

Does your job primarily involve data entry and routine processes? If so, it may be time for a pivot.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

Cherry Bekaert

MARCH 27, 2024

Is your technology company’s biggest asset – its intellectual property (IP) – automatically protected in other countries just because it is protected in the U.S.? It’s not! In this podcast episode, members of our International Tax Practice uncover this and other missteps that many companies make in the tax planning process when trying to expand globally.

Tax 81

Tax tax planning Technology 81

Accounting Today

MARCH 27, 2024

The jobs that will become a lot less common in accounting in the future are those that involve the inputting and manipulation of data for routine and repeatable tasks

Account 85

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CPA Practice

MARCH 27, 2024

By Gopal Ratnam, CQ-Roll Call (TNS) The National Telecommunications and Information Administration on Wednesday issued a report calling for establishing a system of audits for artificial intelligence systems that would ensure transparency as well as hold tech companies accountable for potential risks and harms. The Artificial Intelligence Accountability Policy Report stemmed from more than 1,400 comments the agency, which is part of the Commerce Department, received last year from companies and

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audit E-commerce Account accountant 85

SkagitCountyTaxServices

MARCH 27, 2024

Double-checking is a motto we live by here at Padgett & Padgett, PLLC CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a couple of different checks before we send it off to the IRS for you. That matters this time of year as we hustle to get returns submitted (or extensions in some cases).

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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.

Wellers Accounting

MARCH 27, 2024

Chris Thompson reports on Christina Nawrocki handing over the reins to Simon Smith, our new Managing Partner at Wellers.

Technology 98

Technology 98

AccountingDepartment

MARCH 27, 2024

Balancing the books in any retail enterprise can be a nerve-wracking task. For small business owners and retail managers, ensuring that cash in the register matches the sales receipts is not just about maintaining financial accuracy – it's the linchpin of trust in your business and a crucial safeguard against fraud or operational errors. This comprehensive guide takes you through the intricate yet critical process of cash reconciliation, offering you a clear path to financial vigilance, operatio

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Technology NetSuite Retail Sales 78

Accounting Today

MARCH 27, 2024

As difficult as taxes may be, they're also important for multistate businesses to get right.

Tax 106

Tax Sales 106

CPA Practice

MARCH 27, 2024

Avalara, Inc. , a provider of cloud-based tax compliance automation for businesses of all sizes, today released findings from a new survey of The survey findings reveal that A majority of businesses believe that use tax is challenging, with many indicating the cost of managing use tax obligations is high for their business. That’s according to a new survey from Avalara of accounts payable departments, accounting, finance, and tax professionals that focus on managing use tax obligations.

Technology 69

Technology Tax audit accounts payable 69

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

Going Concern

MARCH 27, 2024

The New Jersey accounting firm formerly known as WithumSmith+Brown got a nice little write-up in ROI-NJ for turning 50 on March 21, go read it if you want to find out what year Withum reached $100 million in revenue (2014). The article talks about the “no jerks allowed” philosophy founding partner Ivan Brown had in mind when he, Fred Withum, and Len Smith founded the firm in 1974 (“In the beginning, we didn’t have any grand ideas or long-range plans,” Brown said.

New Jersey 69

New Jersey public accounting accounting firms Start-ups 69

Accounting Today

MARCH 27, 2024

The Digital Business Networks Alliance, a Federal Reserve-sponsored group, announced the first successful transmission of an electronic invoice over the new U.S. network.

Technology 68

Technology 68

Canopy Accounting

MARCH 27, 2024

Randy Johnston, executive vice president of K2 Enterprises, sits down with Canopy to discuss his 30+ years in accounting and technology. In the episode Randy discusses the need for keeping up on accounting trends, why it's important for accounting firms to identify who they are and what they do, and why technology is crucial to running and efficient firm.

Technology 66

Technology Account accountant accounted 66

CPA Practice

MARCH 27, 2024

The Digital Business Networks Alliance (DBNAlliance), a nonprofit organization that serves as the legal entity overseeing the U.S. open Exchange Framework, today announced that the first invoice has been sent and received over the network. The first invoice exchange occurred between two DBNAlliance service providers — Avalara and Storecove. Storecove received the invoice, issued by Avalara.

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B2B Legal 64

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