Accounting Today
DECEMBER 5, 2023
The Internal Revenue Service crime unit that played a leading role in the Binance Holdings Ltd. probe is seeing a surge in cases involving crypto-related tax evasion.
TaxConnex
DECEMBER 5, 2023
Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Ecommerce can involve many different types of memberships, often offering access to discounts or other benefits perceived as exclusive. Gym and fitness chains and warehouse retailers, for example, use the internet to sell memberships to their franchised businesses all over the country.
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Airbase
DECEMBER 5, 2023
Business expense reports play a pivotal role in shaping the fiscal health and success of an enterprise. This blog explores the critical importance of these reports, delving into how they contribute to financial transparency, regulatory compliance, and the overall efficiency of business operations. As businesses navigate the complexities of modern finance, the role of expense reports is an integral component essential to informed decision-making and sustainable growth.
Accounting Today
DECEMBER 5, 2023
A case over repatriated earnings might open up the possibility of taxing unrealized gains.
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.
Going Concern
DECEMBER 5, 2023
This explains so much. Researchers at the University of Bath have found that excessive optimism is actually associated with lower cognitive skills such as verbal fluency, fluid reasoning, numerical reasoning, and memory. People with higher cognitive ability (aka smarties) tend to be both more realistic and pessimistic in their expectations about the future.
Accounting Today
DECEMBER 5, 2023
The most influential people in the field, as chosen by their peers.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
DECEMBER 5, 2023
The Accruer App uniquely solves QuickBooks accruals and automates prepaid expenses, deferred revenues and fixed assets directly in QuickBooks Online.
AccountingDepartment
DECEMBER 5, 2023
In the fast-paced world of business, understanding the reasons behind changes in financial data is crucial for making informed decisions. That's where variance analysis comes in. Also known as flux analysis, this powerful tool compares two sets of data, revealing the quantitative difference between them and shedding light on the underlying factors behind the change.
Insightful Accountant
DECEMBER 5, 2023
For accountants and their business clients, the goal this time of year is to end the year well and set a good foundation for the next. But year-end work is rarely simple, often messy, and certainly adds to the holiday hustle and bustle.
Accounting Today
DECEMBER 5, 2023
In the current business landscape, small- and medium-sized practices face an array of challenges, including operational complexities, competitive markets and ever-evolving regulations.
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
DECEMBER 5, 2023
Online time tracking software offers a multitude of advantages that can transform how accountants manage their vendors and contractors.
Withum
DECEMBER 5, 2023
Microsoft announced some big changes coming to the Microsoft Planner App, which includes using Planner as the name for three existing Microsoft task management apps: To Do Planner Microsoft Project on the Web The new Planner will provide a single app that displays tasks from the three apps mentioned above. At least for now, you can continue to access each app through their current dedicated apps and through the browser.
Cherry Bekaert
DECEMBER 5, 2023
In this episode of Cherry Bekaert’s GovCon Podcast series on the Small Business Administration’s (SBA) 8(a) Business Development Program, Brynn McNeil and Craig Hunter , assurance partners in Cherry Bekaert’s Government Contracting Industry practice, discuss accounting best practices for 8(a) companies. Listen to find out about: Setting up an accounting system to segregate costs Chart of Accounts Indirect rates Reporting functionality for: Contract revenue summary by contract Showing cumula
Accounting Today
DECEMBER 5, 2023
The new wealth management business opens with help from Integrated Partners as more RIAs and accountants follow the trails blazed by many dual practitioners.
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.
KROST
DECEMBER 5, 2023
In 2022, the California Employment Development Department (EDD) identified approximately 158,000 misclassified workers through audits and inspections. Since then, the EDD has continued to battle misclassification between employees and independent contractors, and employers can expect to see a spike in 1099 audits specifically. While there is no guidance to determine which businesses will be selected Read the full article.
Accounting Today
DECEMBER 5, 2023
Key justices suggested the tax, which aimed to collect hundreds of billions of dollars on a one-time basis, wasn't fundamentally different from other levies imposed by Congress over the years.
CPA Practice
DECEMBER 5, 2023
IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance, and they have a message for taxpayers: Don’t get butchered. The scam is known as “pig butchering”—flirtatious strangers use social media to lure unsuspecting romantic partners, who serve as the “pigs,” to invest in crypto trading platforms.
Accounting Today
DECEMBER 5, 2023
The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.
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.
Withum
DECEMBER 5, 2023
The following was written by a friend, Allen Appel, and posted in his community publication. I found this very interesting and realistically true and it is posted here with his permission. I hope you enjoy it as much as I did. This is the fourth blog with Allen’s satires that are barely exaggerated. Stuff By Allen Appel Early man didn’t have a lot of stuff lying around his cave – maybe a spear, a flint knife to cut his meat, and possibly an extra loincloth in case his everyday one ne
Accounting Today
DECEMBER 5, 2023
The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.
Going Concern
DECEMBER 5, 2023
In April of this year, practically moments after the Project Everest split was deemed unfeasible due to infighting and too many loose ends, the King’s EY boldly warned staff to expect some cuts. After all, just thinking about Everest had cost the firm $500 million (or $600 million, depending who you ask and depending what wacky accounting the firm tries to do to minimize the failure’s impact on partner payouts ) and along with EY US, the UK arm was one of its loudest cheerleaders rig
Accounting Today
DECEMBER 5, 2023
The rules, which aren't finalized, include measures sought by environmentalists that would require hydrogen-production operations to be powered by wind, solar or other clean-power projects built within the last three years to qualify for a $3-per-kilogram credit.
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.
inDinero Accounting
DECEMBER 5, 2023
The Qualified Small Business Exemption (QSBS exemption) can shield up to $10 million, and sometimes more, of stock appreciation from capital gains tax. The rules are complex but worth understanding; there are substantial tax savings to be had by claiming this rare exemption. C-Corp executives considering a primary stock offering can use them to incentivize investors to purchase a primary stock offering.
Accounting Today
DECEMBER 5, 2023
Abandoning crypto; Moore; why the deficit balloons; and other highlights from our favorite tax bloggers.
Insightful Accountant
DECEMBER 5, 2023
The second day of Future Forward is today. Gain a glimpse of what some of the most influential accounting professionals are saying will impact your practice as soon as next year. and yes, Murph will be presenting too.
Withum
DECEMBER 5, 2023
The world of digital assets and cryptocurrency has seen tremendous growth and innovation over the past decade, leading to an array of financial opportunities and complexities. As the adoption of digital assets continues to surge, the IRS and other regulatory bodies have been measured to provide clarity on the taxation of these assets. Crypto Abandonment and Tax Implications One topic that has garnered significant attention is the concept of abandoning digital assets such as cryptocurrency and ho
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.
Anders CPA
DECEMBER 5, 2023
Financial metrics are important for any business, but each industry has specific metrics they need to monitor. Which ones should cannabis businesses be on the lookout for? In this recorded Summit Virtual CFO by Anders webinar, you will discover how much cash a cannabis business should have in the bank, what a forecast is, why you need one, how metrics can serve as levers to increase profitability, and how to measure your pipeline.
Withum
DECEMBER 5, 2023
Accounting Standards Update 2021-07 Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards was issued to address concerns raised by stakeholders about the cost and complexity of determining the fair value of equity classified share awards for private companies. The guidance provides nonpublic entities with a practical expedient alternative to use a reasonable application of a reasonable valuation method as the current share price input when determining the
Mark Lee
DECEMBER 5, 2023
Despite the title of this post I should first stress that it is rarely a good idea to come across as a salesperson when you are trying to promote your services. The best accountants know that they must first build rapport and confidence so that prospects like and trust them. Many a business coach or management consultant will use a structured approach to win clients who are already working with accountants.
ThomsonReuters
DECEMBER 5, 2023
As the end of the calendar year approaches, businesses embark on the crucial task of finalizing their payroll processes. Year-end payroll is not merely about closing the books but a comprehensive undertaking that requires meticulous attention to detail, adherence to legal requirements, and seamless coordination among various departments. When it comes to successfully navigating the various tasks, processes, and responsibilities of payroll year-end, Tom Rose, Senior Vice President, Customer S
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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