RogerRossmeisl
SEPTEMBER 4, 2023
As reported in IRS News Release IR-2023-157 The Internal Revenue Service announced that starting 1/1/2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300.
Accounting Today
SEPTEMBER 4, 2023
The Other 96 are surpassing the growth of the Big Four in revenues per employee.
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RogerRossmeisl
SEPTEMBER 4, 2023
Do-it-yourself business valuations and the use of unqualified financial experts can increase the odds of making an error, misstatement or erroneous deviation from customary valuation practice. These faux pas could trigger (or worsen) an IRS inquiry or perhaps lead to an embarrassing courtroom mishap. Here are three common valuation pitfalls that qualified valuation professionals are specifically trained to avoid.
Insightful Accountant
SEPTEMBER 4, 2023
Murph clues you in on why the Top 100 2024 process will still award points for QuickBooks Desktop Point-of-sale ProAdvisor Certification even if Intuit drops the certification after it stops supporting QBPOS on Oct. 3, 2023.
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.
RogerRossmeisl
SEPTEMBER 4, 2023
Have you ever wondered whether the photo or video you’re viewing, the audio you’re listening to or the article you’re reading is real? Artificial intelligence (AI) can make the line between authentic and inauthentic hard to determine. For fraud perpetrators, the ability to create deepfakes, voice clones or machine-generated communications can make their scams far more compelling — and effective.
CPA Practice
SEPTEMBER 4, 2023
Who says you can’t have “too much” money? The Internal Revenue Code imposes a little-known tax for accumulating too much in the way of earnings in a company’s coffers. However, you can avoid this so-called “accumulated earnings tax” if you keep a close watch on your cash flow during the year, The accumulated earnings tax must be paid in addition to the regular corporate income tax.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
inDinero Accounting
SEPTEMBER 4, 2023
As a small business owner, the statistics around business longevity might seem daunting. According to the Small Business Administration, only about half of all businesses weather past the first five years. However, this should not deter you from pursuing your entrepreneurial dream. Understanding the common reasons behind business failures can equip you with the knowledge to steer clear of them.
RogerRossmeisl
SEPTEMBER 4, 2023
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about taxes. But there may be tax consequences. Let’s take a look at five possible tax breaks. 1. Long-term medical care The costs of qualified long-term care, including nursing home care, are deductible as medical expenses to the extent they, along with other medical expenses, exceed 7.5% of adjusted gross income (AGI).
KROST
SEPTEMBER 4, 2023
Our Mergers and Acquisitions Principal, Paren Knadjian, will be attending the PACK EXPO Las Vegas, from September 11th to September 13th at the Las Vegas Convention Center. PACK EXPO Las Vegas brings together packaging and processing solutions suppliers and end users from over 40 industries. Exhibitors launch products, showcase their latest innovations and problem-solve with customers.
RogerRossmeisl
SEPTEMBER 4, 2023
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home more energy efficient — and there’s a cool tax break that may apply. Thanks to the Inflation Reduction Act of 2022, you may be able to benefit from an enhanced residential energy tax credit to help defray the cost.
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.
VJM Global
SEPTEMBER 4, 2023
Any services provided under Employer and employee arrangement are kept outside the GST ambit as they are neither considered as supply of goods nor supply of services. Employee Stock Option Plans ( ESOPs ) is also one of the most common methods of payment of employment considerations under which a company issues its shares to the employees at a discounted rate.
Insightful Accountant
SEPTEMBER 4, 2023
Following the acquisition of Wiley Efficient Learning, Roger CPA Review, and welcoming Peter Olinto, UWorld raises the bar ahead of its 2024 CPA Review product release.
Accounting Insight
SEPTEMBER 4, 2023
Introducing Francesca Tricarico, Managing Director of Future Cloud Accounting Limited. Francesca decided 11 years ago that she wanted to create a better life for herself and her children so went back into education. She’d always had a passion for accountancy, so she worked hard and focused her efforts on joining a top practice. As well as studying, she did voluntary work in the industry to become fully immersed in the subject.
Insightful Accountant
SEPTEMBER 4, 2023
Liz Scott checks in on some new exciting stuff coming for all of you QuickBooks Time users. Check out what you can expect—and more.
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.
Accounting Insight
SEPTEMBER 4, 2023
Get to know Nick from Tax on Demand, ahead of joining his panel on the future of AI in tax, at Accountex Summit Manchester on the 19 of September. How did you get into your profession? Growing up I always wanted to be a lawyer. I read all the John Grisham books and watched all the legal movies, one of my favourites of all time being A Few Good Men.
FraudFiles
SEPTEMBER 4, 2023
Complex financial investigations involve large sets of data, numerous accounts, multiple players, and lightning fast movements of money. Being able to accurately document these movements of money is the key to the financial portion of a case, whether it involves embezzlement, bribery, misconduct in office, money laundering, or divorce.
Accounting Insight
SEPTEMBER 4, 2023
In advance of National Payroll Week, IRIS Software Group (IRIS) is calling for payroll professionals to be given the modern tools they need to ensure every employee can be paid the right amount, on time, every time. With latest IRIS research revealing 35% of UK workers have been paid late or incorrectly, and one in five (20%) payroll professionals calling for better integration with payroll software, there’s a clear need for greater technological adoption across the industry.
Cherry Bekaert
SEPTEMBER 4, 2023
Differentiating offerings and growing ahead of the market is much more complex than it used to be. To combat overcrowded marketplaces, company strategy and execution must coincide with research initiatives and teamwork. This grows stronger over time and takes place at the molecular level of your firm. Injecting strategy into your DNA requires a disciplined approach that aligns motivated team members with the tools and systems needed to develop and execute a compelling strategy.
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.
Accounting Insight
SEPTEMBER 4, 2023
The scale and scope of digital transformation projects vary widely among accounting practices, particularly smaller to medium-sized firms. More than ever before, SMEs are driving their own technology vision, and increasingly, this is due to two factors. First, SMEs are more in tune with the new practice growth opportunities that are becoming apparent today.
Accounting Insight
SEPTEMBER 4, 2023
With just a couple of weeks until Accountex Summit Manchester returns to Manchester Central on September 19 2023, here’s a run-down of all things new at the show… The Accountex Summit Manchester CPD accredited seminar programme will explore the pivotal topics to help accounting and finance professionals stay ahead in their career. Visitors can keep up-to-date with the current tech trends, including Artificial Intelligence and how it could be used by the profession going forward.
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