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.
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.
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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.
Canopy Accounting
DECEMBER 5, 2023
We’ve given you Halloween costume ideas and now you’ve come to us for another equally important fashion decision: an ugly Christmas sweater for any accountants in your life, including yourself. If your office is throwing a holiday work party (which, you totally should—it’s a great way to boost morale) then you’re going to need an outfit that will wow your colleagues and say “I’m an accountant, I’m festive, and I’m here to have fun!
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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
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.
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.
Insightful Accountant
DECEMBER 5, 2023
Online time tracking software offers a multitude of advantages that can transform how accountants manage their vendors and contractors.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Accounting Today
DECEMBER 5, 2023
A case over repatriated earnings might open up the possibility of taxing unrealized gains.
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.
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.
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
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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.
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.
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 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.
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.
Speaker: Claire Grosjean
In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.
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.
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 most influential people in the field, as chosen by their peers.
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.
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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.
Accounting Today
DECEMBER 5, 2023
The pace of hourly earnings growth and hiring slowed down at small businesses, payroll processor Paychex reported.
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
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.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
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.
Accounting Today
DECEMBER 5, 2023
Abandoning crypto; Moore; why the deficit balloons; and other highlights from our favorite tax bloggers.
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
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Managing bookkeeping and tax can be challenging for businesses of all sizes. Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month. Open monthly communication and an easy-to-use online chat with your bookkeeper provide consistent support and seamless management.
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