ThomsonReuters
OCTOBER 31, 2023
Jump to: What is depletion expense? Who can claim depletion expenses? How to calculate depletion expense Depletion vs. depreciation Managing depletion expenses Clients in the mining, timber, and oil and gas industries must invest a lot of time, money, and resources to extract natural resources from the earth and transform them into useful products for consumers.
BurklandAssociates
OCTOBER 31, 2023
Part two of a three-part series focused on helping growing startups budget and plan for success in the new year. The post Annual Financial Planning for Startups: Part-Two, Projections & Plans appeared first on Burkland.
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TaxConnex
OCTOBER 31, 2023
Adding a new product is great, new revenue streams are wonderful. Just don’t let sales tax turn the situation into a nightmare. Think “nightmare” is too strong? Consider: Your new product is not taxed but should have been. In the first year, your sales total is $100,000 (the economic nexus threshold in many states) and grows 20% annually over the next three years, for a total of $364,000 in sales.
Accounting Today
OCTOBER 31, 2023
The IRS's most recent study of how much taxpayers aren't paying suggests some important priorities going forward.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
CPA Practice
OCTOBER 31, 2023
By Angela Ruth, Kiplinger Consumer News Service (TNS) Trying to start a business or take one to the next level can be expensive. You might be increasing your staffing, starting a marketing campaign or developing a new product. Self-funding is often recommended, but that isn’t a possibility for everyone. Getting a business loan from your bank is certainly a possibility, but there are other funding sources available.
Accounting Today
OCTOBER 31, 2023
Organizations are preparing themselves to comply with the SEC's climate-related disclosure rule, according to a new survey.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
OCTOBER 31, 2023
The Golden State is poised to fall well short of its budget forecasts as the recent stock market slump erodes the state's tax takings.
Going Concern
OCTOBER 31, 2023
So Fortune says that deodorant is making a big comeback now that companies are pushing return-to-office, at least according to what they were told on a Unilever media call last week. Unilever owns Dove, Rexona (or as we know it here in the US, Degree), and douchebag favorite Axe, all of which took a sales hit in 2020 and 2021 when everyone went feral and stopped showering as much as they used to.
Accounting Today
OCTOBER 31, 2023
The Top 50 Firm has expanded its presence in LA.
inDinero Accounting
OCTOBER 31, 2023
A nonprofit statement of financial position is one of several documents nonprofits can use to demonstrate where donors’ money is being spent. It’s essential for nonprofits looking to grow—but they can be complicated. In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible.
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.
Accounting Today
OCTOBER 31, 2023
The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.
Insightful Accountant
OCTOBER 31, 2023
Client Hub, a leader in modern workflow platforms for accounting and bookkeeping firms, is proud to announce the launch of its groundbreaking AI-enabled email integration.
Anders CPA
OCTOBER 31, 2023
The Community Reinvestment Act (CRA) was enacted nearly 50 years ago to help low- and moderate-income (LMI) households access credit and financial services. Federal bank regulatory agencies have issued a final rule on the CRA with a goal of strengthening and modernizing the regulation considering changes to the banking industry that have occurred since the last significant revision in 1995.
Insightful Accountant
OCTOBER 31, 2023
It's 'Warehouse Wednesday' and we are returning this week to our series on BatchMaster, the application specifically designed for formula/batch processing that integrates with QuickBooks.
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.
Canopy Accounting
OCTOBER 31, 2023
Navigating the world of practice management software can be a daunting task. This guide is designed to streamline the process, providing purchasers with the essential knowledge and tools they need to make an informed decision.
Accounting Today
OCTOBER 31, 2023
Growth in hourly and weekly pay at small businesses decelerated in October as job growth moderated, payroll provider Paychex reported.
Withum
OCTOBER 31, 2023
The Internal Revenue Service (“IRS”) released Rev. Proc. 2023-33 on October 6, 2023, with additional information on how individuals buying used or new electric vehicles (EVs) can transfer a federal income tax credit to the auto dealership at the time of purchase, as opposed to claiming the credit on their federal income tax return. In a recent IRS National Automobile Dealers Association webinar, the IRS encouraged all auto dealerships to register as soon as the IRS Energy Credits Online Portal i
Going Concern
OCTOBER 31, 2023
Guess this will have to do until the Silent Hill 2 remake comes out. “The Face of the Future” campaign uses images of more than 200 actual EY people terrifyingly mashed together with AI voiceover. The concept, says the firm, is to show how people are at the center of AI. To highlight every individual’s facial architecture, a specially adapted one-shot StyleGAN was created.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Ace Cloud Hosting
OCTOBER 31, 2023
It’s month-end close again, and you’re already feeling the pressure. You have a stack of invoices to process, bank reconciliations to complete, and financial statements to prepare. And to top.
Accounting Today
OCTOBER 31, 2023
Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.
inDinero Accounting
OCTOBER 31, 2023
A nonprofit statement of financial position is one of several documents nonprofits can use to demonstrate where donors’ money is being spent. It’s essential for nonprofits looking to grow—but they can be complicated. In this guide, we’ll teach you the core components of the nonprofit statement of financial position and how to put one together in a way that’s as painless as possible.
Insightful Accountant
OCTOBER 31, 2023
Join Kristen Nies Ciraldo and Kelly G 'Rocks' for the next 'QB Talks,' Nov. 8, at 2 p.m. (EST). The 'over the top' pair will take you on a tour of the upcoming 'QuickBooks Connect.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
ThomsonReuters
OCTOBER 31, 2023
Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception. While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.
Dent Moses
OCTOBER 31, 2023
You may be able to benefit from enhanced residential energy credits as a result The Inflation Reduction Act of 2022. Energy Efficient Home Improvement Credits Building envelope components and energy property qualify: Exterior doors (30% of costs up to $250 per door) Exterior windows or skylights (30% of costs up to $600) Insulation materials (30% of costs) Residential energy property like air conditioners and water heaters (30% of cost up to $600 per item) Requirements Simply buying a replacemen
Inform Accounting
OCTOBER 31, 2023
For some time, taxpayers within Self Assessment have been able to set up a Time to Pay arrangement online, allowing them to pay their tax bill in instalments if they cannot pay it in full and on time. The facility to set up their own Time to Pay arrangement has now been extended to VAT-registered businesses.
CPA Practice
OCTOBER 31, 2023
MGO (Macias Gini & O’Connell), a top 50 CPA firm based in Los Angeles, said on Tuesday it will be combining with fellow LA accounting firm J. Arthur Greenfield & Co. Financial terms of the deal were not disclosed. J. Arthur Greenfield’s team of 20 staff and four partners are expected to join MGO’s Century City office at the end of the year. Kevin O’Connell “With complementary service lines and a shared commitment to providing team members with an amazing experience, we’re proud to welcom
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Inform Accounting
OCTOBER 31, 2023
You’re in business to do business, not paperwork. Dext is the business expense tracker that tracks, reads and stores your receipts and invoices on the go, so you can focus less on finance and more of your time on what really matters: growing your business.
CPA Practice
OCTOBER 31, 2023
By Alexandra Skores, The Dallas Morning News. (via TNS) Southwest Airlines said that because of its December operational disruption, the Dallas-based airline could be subject to fines or penalties from the Department of Transportation. The Department of Transportation told Southwest on Oct. 27 that the air carrier “failed to provide adequate customer service assistance, prompt flight status notifications and proper and prompt refunds,” leading to a potential civil penalty, according to a governm
Mark Lee
OCTOBER 31, 2023
You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. Not that they know of course. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. I’m not in practice any more and I’m certainly fed up of hearing this nonsense – as what they are saying makes no sense when they talk about your current clients.
CPA Practice
OCTOBER 31, 2023
Usage of the Dynamic Audit Solution continues to grow at a strong pace, with firms having created over 1,000 engagements on the fully integrated, cloud-based solution from the AICPA, CPA.com and Caseware since it launched commercially this past summer. Powered by transformative methodology developed by the AICPA, in partnership with leading firms and audit practitioners, DAS is enhancing the efficiency, quality and client-value of financial statement audits through a risk-focused, data-driven ap
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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