Accounting Insight
APRIL 17, 2023
Payroll Year End is nearly upon us. This year, the deadline for submitting your Full Payment Submission (FPS) and/or Employer Payment Submission (EPS) is April 19 th , so now it’s time to get your information completed. After grappling with the cost of doing business challenges, small and medium businesses everywhere will likely find the payroll process is more complex than normal.
CPA Practice
APRIL 17, 2023
While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ). During the pandemic and since, however, accounting professionals and firms have implemented many new technologies that are helping them provide more and better clien
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Going Concern
APRIL 17, 2023
Well we knew this was coming. Reuters : Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units. The layoffs will affect around 3,000 of the company’s U.S. employees. The decision was taken after assessing the impact of current economic conditions, strong employee retention rates and “overcapacity” in part
CPA Practice
APRIL 17, 2023
By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) A buzzword appeared in the world of small business about a decade ago: the accountant as “most trusted advisor.” As a certified public accountant, I’m flattered that we’re consulted for a growing range of business needs, including rising taxes. But with the increasing complexity of modern business and regulations, and a worsening shortage of CPAs, the truth is that small business accountants rarely help clients optimize their tax st
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Insightful Accountant
APRIL 17, 2023
September 6, 2022 was the day Intuit's QuickBooks Accountant Leader Ted Callahan announced as the release of the QuickBooks Desktop 2023 line-up to ProAdvisors and Accountants. Murph provided a summary of what's new.
Withum
APRIL 17, 2023
Cyber incidents continue to rise and are becoming increasingly prevalent within the hospitality industry. According to a 2022 case study report published by Ponemon and IBM Security, the average total cost of each data breach in the hospitality industry from 2021 to 2022 was $2.94 million. Late last year, an international hotel brand was targeted as part of a ransomware attack, resulting in disruptions to booking and concerns about the safety and privacy of guests’ personally identifiable inform
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
APRIL 17, 2023
FloQast’s Controller’s Guidebook series found that 63% of those considering a change may leave accounting entirely as teams work to recalibrate work-life balance.
Withum
APRIL 17, 2023
This Thursday, I will be presenting a webinar with my Stock Market Update and next Wednesday, my insights about what happened at Silicon Valley Bank. These are two very timely topics that clients have expressed much interest in. Both are free, but you must pre-register. Thursday, April 20, at Noon (EDT), I will be presenting my Stock Market Update as part of the Take A Business Break Webinar Series fo r the East Brunswick Public Library.
Going Concern
APRIL 17, 2023
Remember that rumor buzzing around last week about a PwC return to office ? It might be true. You’ll note that OP updated their post to specify that what they’ve heard applies to US tax. This morning Going Concern received a copy of a memo that appears to confirm just about everything the original rumor-spreader said, as well as various details we’ve been given over the past several days.
inDinero Accounting
APRIL 17, 2023
Company vehicles aren’t always available, particularly for smaller and growing businesses. This can lead to situations where employees must use their own cars for work-related travel. Whether visiting clients, heading to the airport, or making deliveries, personal vehicle usage may qualify employees for mileage reimbursement. The IRS provides a 2023 reimbursement rate, but there’s more to consider.
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.
SchoolofBookkeeping
APRIL 17, 2023
Intuit recently released a study highlighting the ways that accounting firms are embracing technology to transform their operations. According to the study, artificial intelligence (AI) and automation tools are leading the wave of desired technology investments in the industry. Nearly 90% of Accountants Expect Technology to Drive their Firms' Growth in 2023, according to Intuit QuickBooks Survey Read the full press release below.
VJM Global
APRIL 17, 2023
GST Department keeps on issuing advisory on various practical or technical issues faced by taxpayers to smooth the tax compliance processes. Recently the department has issued an advisory on various issues such as the Time limit imposed on the generation of e-invoices, HSN Wise reporting is made mandatory in e-invoices, GST registration by One Person Company , etc.
inDinero Accounting
APRIL 17, 2023
Company vehicles aren’t always available, particularly for smaller and growing businesses. This can lead to situations where employees must use their own cars for work-related travel. Whether visiting clients, heading to the airport, or making deliveries, personal vehicle usage may qualify employees for mileage reimbursement. The IRS provides a 2023 reimbursement rate, but there’s more to consider.
Menzies
APRIL 17, 2023
Menzies LLP - A leading chartered accountancy firm. It would be extremely rare that a taxpayer would set out hoping that their dispute with HMRC will reach the Tax Tribunal, not least because of the public nature of the hearing. Before reaching that stage the taxpayer will have had the opportunity to make their case through a formal appeal process , have their case independently reviewed and, where appropriate, mediated through Alternative Dispute Resolution (ADR).
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
CPA Practice
APRIL 17, 2023
Outlier.org, Urban Assembly, and New York City Public Schools are announcing a groundbreaking collaboration aimed at expanding access to financial accounting education for high school students in the New York area. 400 NYC public school students will have the opportunity to enroll in Outlier.org’s highly regarded Intro to Financial Accounting college course.
Accounting Insight
APRIL 17, 2023
Introducing Mo Kanjilal, a Co-Creator at Watch This Sp_ce, a multi-award-winning diversity and inclusion company. During a career in international technology corporations leading global teams, Mo worked on creating inclusive teams and engaging employees. After working in smaller companies on similar initiatives, she co-created Watch This Sp_ce. The company works with a range of organisations in different sectors to help them understand what changes they need to make and how to drive those change
Anders CPA
APRIL 17, 2023
Join us for a webinar on Wednesday, March 24 at 10:00 am CDT discussing what the Consumer Financial Protection Bureau (CFPB) ruling on Section 1071 of the Dodd-Frank Act means and how your organization should prepare in the coming months. You’ll learn about: Will this rule apply to my bank, credit union, or other types of small business lender?
RitaKeller
APRIL 17, 2023
“Mistakes grow your brain.” – Jo Boaler You have been rushing through tax season, doing all you can to get the clients served accurately and quickly. This means that you probably do what so many experienced CPAs do. They review the work, fix any mistakes and send it forward to the next step in the process (usually to admin and out the door).
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CPA Practice
APRIL 17, 2023
If a business incurs a substantial loss in the current year, it may be able to offset subsequent tax liability by carrying forward a net operating loss (NOL). However, as shown in a new case, Amos, TC Memo 2022-109, 11/10/22 , even a highly successful CPA may fail to properly substantiate the claims. Background: Prior to the Tax Cuts and Jobs Act (TCJA), a business could carry back an NOL for two years and then forward for up to 20 years.
Going Concern
APRIL 17, 2023
Good morning and happy Monday! Here’s some news. The PCAOB wants to dismiss a lawsuit brought by an anonymous auditor who challenged the board‘s “secret” disciplinary proceedings: Among other reasons, the board noted that John Doe‘s Jan. 19, 2023, suit was filed in the U.S. District Court for the Northern District of Texas. But the board is located in Washington, D.C., and its disciplinary proceedings occur there.
CPA Practice
APRIL 17, 2023
By Ari Natter and Keith Laing, Bloomberg News (TNS) Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the U.S. after stricter battery-sourcing rules take effect and render most plug-in models ineligible. General Motors Co., Tesla Inc. and Ford Motor Co. all have at least one EV that will qualify, while Ford and Stellantis NV each have one eligible plug-in hybrid model.
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