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As reported via IR-2023-202 on 11/1/2023 IRS opens free Energy Credit Online tool for sellers of clean vehicles to register for time-of-sale reporting and dealer advance payments for the Clean Vehicle Credit The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the IRS.
In an ever-shifting global landscape full of economic uncertainties, the traditional role of chief financial officers is undergoing a seismic evolution.
This is not the kind of behavior we expect from our friends in the north! CPA Ontario announced yesterday Deloitte will be paying $1.59 million ($1.15 million USD) in fines and costs for breaches of the CPA Ontario Code of Professional Conduct (Rule 501 and 502). 501 covers a firm’s maintenance of policies and procedures for compliance with professional standards and 502 a firm’s maintenance of policies and procedures: competence and conduct of firm members.
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.
In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov
In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov
In a tumultuous economy, effective expense management is more important than ever. To maintain financial stability and drive strategic growth, organizations must optimize spending and have accurate financial data to inform decisions. Effective expense management is often challenging due to the complexity and diversity of employee spending. With numerous cost categories, complex approval processes, and the need for accurate recordkeeping, it’s often difficult to maintain control and visibility ov
Boring. Tedious. Finicky. Something to put off … indefinitely. That’s how many people think of expense reporting. One survey found a majority would rather do their taxes than file expense reports! Our collective distaste for this necessary evil even costs us money, as many people end up paying for business expenses because they can’t be bothered to request reimbursement.
It costs a pretty penny to raise a child from infancy through their college years. At least, families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books. 1. Child Tax Credit: Under current law, the partially refundable Child Tax Credit (CTC) can be claimed by parents with dependent children under age 17.
In Episode 1 of Canopy's Practice Success podcast, Gaynor Meilke , owner of Charisma Inc. emphasizes accountants are often people-oriented and love helping others. Gaynor suggests that accountants may lack confidence in marketing themselves and their services. Gaynor highlights that marketing is a continuous process for accounting firms and recommends focusing on key strategies like social media, building an email list, and having a strong website.
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.
CPA firm leaders outlining staffing plans for the coming year can’t help but worry if they will hit their hiring goals. This concern is not misplaced: Research for the 2024 Salary Guide From Robert Half found that organizations in both public and corporate accounting are grappling with an accountant shortage. Employers in both camps are trying multiple strategies — and often competing fiercely with each other — to attract and retain top talent.
Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful business. However, not everyone understands the difference between revenue and profit, and why it matters for their business.
Avalara, Inc. , a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced the release of 17 newly certified integrations with accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software applications. Avalara has been a partner-centric company since its founding in 2004, with a concerted focus on integrating with technology solutions already in use by existing and future customers.
The Accounting & Financial Women’s Alliance and Accounting MOVE Project have released their Best Firms for Women list and while some names might prompt a hearty who?? from the audience, still others are familiar names known for their women-friendly culture. What does it mean to be a best firm for women in the year 2023 anyway? From the list’s press release [ PDF ]: In the 2023 Accounting MOVE Project report, released today, a talent-starved profession receives a fresh influx of s
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.
We’re excited to announce our official judging panel for the Xero Awards UK 2024. This year’s panel is made up of Xero leadership, as well as guest judges from the Xero community, including previous Xero Award-winners and industry leaders. They’re taking on the difficult task of selecting our winners for the 12 accountant, bookkeeper and app partner award categories.
The Internal Revenue Service has increased the amount individuals can contribute to their 401(k) plans in 2024 to $23,000, up from $22,500 for 2023. The agency also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024 in Notice 2023-75 PDF.
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.
Choreo, a Chicago-based independent investment advisory firm that spun off from Top 10 Firm RSM US last year, has acquired an $8.1 billion wealth management practice from BDO USA.
Our CEO, Jason Melillo is attending the PrimeGlobal World Summit. The conference takes place from November 6th through November 9th and will be held at the InterContinental in Miami. Jason will be networking and attending sessions on topics such as business opportunities, technology, advisory, and more. The World Summit brings together leaders and professionals from Read the full article.
Adams Brown merged in VonFeldt, Bauer & VonFeldt; Doeren Mayhew acquired practice from Button Eddy & Sorrentino; and the Virginia Society of CPAs acquired Don Farmer, CPA, PA.
In today’s ever-changing world, tax professionals face a daunting challenge: keeping up with the ever-evolving tax laws and regulations. With the increasing globalization of business and the rapid pace of.
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.
The Public Company Accounting Oversight Board has revised its standard-setting, rulemaking and research agendas for the year ahead after a series of unprecedented changes this past year.
Menzies LLP - A leading chartered accountancy firm. Black Friday takes place the day after the US holiday Thanksgiving, during the final weekend of November, marking the start of the Christmas shopping season. This year, it falls on November 24th. Originally celebrated in the US, its popularity has spread globally. Cyber Monday takes place on the following Monday and was created by retailers to encourage people to shop online, which in recent years has outperformed the traditional Black Friday s
Sean Duncan, founder of SMD Consulting & Accounting, talks about how he navigated the challenging terrain of transforming a traditional accounting practice into a future-facing firm. We'll dive into the importance of aligning personal and professional goals, and discuss the game-changing role of technology adoption in achieving work-life balance.
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.
To tackle the persistent skills shortage, many accounting firms are exploring new avenues to bolster their resources and remain competitive. Offshoring , the practice of outsourcing tasks or processes to professionals in other countries, has emerged as a viable solution for many. This approach isn’t just about saving costs; it gives access to specialized skills and the ability to meet increased client demands.
Effectively managing emails can be a time-consuming task. Explore these tools that can aid in handling your inbox and enhance efficiency. The post 3 Top Tools for Efficient Email appeared first on Future Firm.
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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