Accounting Today

JANUARY 16, 2024

The chairs of Congress's two main tax committees announced a deal to extend a number of expired tax credits and tax breaks, including the expanded Child Tax Credit.

Tax

TaxConnex

JANUARY 16, 2024

Do you sell software-as-a-service (SaaS)? Then you already have one of the most complicated situations in sales tax. Your tax obligation and liability begin with where you have nexus , the connection between your company and a taxing authority or jurisdiction. Sales tax nexus was once defined only as a substantial physical presence, but for nearly six years – ever since the Supreme Court’s Wayfair ruling in 2018 – sales tax nexus can also be defined as an economic presence by just selling enough

Iowa

Accounting Today

JANUARY 16, 2024

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

Tax

Going Concern

JANUARY 16, 2024

Yo. It’s another week. Yay. In case you’re wondering why this is a Tuesday news brief and not a Monday one, it’s because we don’t work on MLK Day. Hope the same is true for you. Anyway, some news. Supposedly accounting is the hottest in-demand remote job : The most sought-after remote job companies are hiring for isn’t in tech, as you might expect.

accountant

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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

accounting and finance

Accounting Today

JANUARY 16, 2024

The Korean company is seeking to keep its cars competitive with automakers qualifying for tax credits under the Inflation Reduction Act.

Tax

Withum

JANUARY 16, 2024

We are excited to announce that Ways and Means Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Ron Wyden (D-OR) released a bipartisan tax framework that promotes Main Street businesses, while also providing more financial security to families in need. The agreement is between the two Chairs, but respective ranking members and leadership support is still needed to pass the bill.

Tax

Going Concern

JANUARY 16, 2024

It’s possible this is just clickbait and thinly veiled advertising for remote recruiters (*sweats nervously*) but according to CNBC Make It , “accountant” is “the number one in-demand remote job companies are hiring for.” Adds their headline, “it can pay over $100,000 a year.” Insert sitcom laugh track here.

accountant

GrowthForceBlog

JANUARY 16, 2024

8 min read Running a business is a complex endeavor, and most business leaders are experts in their own fields - not in finance.

Finance

Anders CPA

JANUARY 16, 2024

The looming sunset of the expanded lifetime estate and gift tax exemption will arrive on January 1, 2026. If you are anticipating a transition of ownership of your business to your heirs in the years ahead, now may be the best time in a generation to take advantage of the increased thresholds before they expire. Gifting minority interests in the business over the next two years can help you maximize the potential tax benefit of the increased gifting thresholds.

Tax

CPA Practice

JANUARY 16, 2024

The Treasury Department and Internal Revenue Service have issued an announcement informing businesses that they do not have to report the receipt of digital assets the same way as they must report the receipt of cash until Treasury and IRS issue regulations. The Infrastructure Investment and Jobs Act revised the rules that require taxpayers that are engaged in a trade or business to report receiving cash of more than $10,000 by considering digital assets to be cash.

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Technology

CTP

JANUARY 16, 2024

In the rush to finish last year strong, small business owners may now find themselves caught off guard by the legal requirements awaiting them in 2024. This is where you can provide additional value to your tax clients, just by familiarizing them with the new beneficial ownership information requirement. This comes as part of the Corporate Transparency Act, which seeks to crack down on illicit business activities using small businesses as a screen.

business tax

CPA Practice

JANUARY 16, 2024

By Roger Vincent, Los Angeles Times (via TNS). In the uneasy tug of war between bosses and workers about how much time should be spent in the office, new evidence reveals that many employees think they should come in more often than they do. Office workers recently surveyed by an international architecture firm reported that they typically come into the office about half the time, but said they ideally needed to be there two-thirds of a typical workweek for their best productivity.

Real Estate

Insightful Accountant

JANUARY 16, 2024

Recent filing instructions include a domestic filing exception, potentially exempting domestic passthrough entities if they meet the criteria.

CPA Practice

JANUARY 16, 2024

By Claire Withycombe, The Seattle Times (TNS) The U.S. Supreme Court said Tuesday it would not review Quinn v. Washington , the lawsuit challenging Washington’s capital gains tax. The Legislature passed the tax in 2021 and payments first came due in April 2023. It’s a 7% tax on profits gained from the sale or exchange of stocks, bonds and other investments or tangible assets above $250,000.

Washington

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CTP

JANUARY 16, 2024

As 2024 kicks off, so do new legal requirements for small businesses. The Corporate Transparency Act took effect on January 1st, which means that many businesses will need to submit a Beneficial Ownership Information Report to the Financial Crimes Enforcement Network (FinCEN). These new regulations are intended to help the U.S. government identify small businesses that are actually a front for illicit business operations, such as money laundering.

business tax

CPA Practice

JANUARY 16, 2024

[ State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.] The Alabama Society of CPAs was formed in 1919 and adopted its recent bylaws on June 25, 1975, with the last revision completed on March 1, 2018. The purpose of the organization as stated in the bylaws, is “To unite the profession of accountancy in the State of Alabama; to promote and maintain high professional,

Alabama

Accounting Today

JANUARY 16, 2024

The New York-based Top 20 Firm has acquired a firm headquartered in Farmington, Connecticut.

Connecticut

CPA Practice

JANUARY 16, 2024

By Lizzy McLellan Ravitch, The Philadelphia Inquirer (via TNS). In a lawsuit filed last month, Crystal Kemp, a Jehovah’s Witness, alleged that her employer, SEPTA, the regional transit authority based in Philadelphia, refused to adjust her schedule so she could attend religious meetings on Sunday mornings and Tuesday evenings. She alleges she was ultimately terminated for refusing to work during those times.

Pennsylvania

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

accountant

Accounting Today

JANUARY 16, 2024

Kevin Ellis is adamant that younger staff in particular should avoid the temptation of working from home.

Technology

Ace Cloud Hosting

JANUARY 16, 2024

The tax season is not far away. Like every year, the tax preparers are gearing up to beat this hectic time by eliminating any chink in their armor. So, as.

business accounting

Accounting Today

JANUARY 16, 2024

Retirement plan sponsors and their financial advisors receive guidance from the IRS on how the Secure 2.0 Act opened the door for "de minimis financial incentives.

Tax

ThomsonReuters

JANUARY 16, 2024

Jump to: What are the benefits of remote 1040 client collaboration? How mobile apps meet client expectations Streamlining your 1040 source document collection According to a recent survey by Protiviti and The Institute of Internal Auditors (IIA) , almost 75% of respondents, including 82% of technology audit leaders, view cybersecurity as a high-risk area, and with good reason.

audit

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

accounting and finance

Accounting Today

JANUARY 16, 2024

The Connecticut-based financial advisory firm has added a CPA firm and a registered investment advisory firm.

Connecticut

Ace Cloud Hosting

JANUARY 16, 2024

One of the leading tax software programs, Drake enables CPAs, individual tax preparers, and business owners to simplify tax operations efficiently. Features like Drake Tax Planner, Drake Scheduler, etc., play.

tax preparation

Accounting Today

JANUARY 16, 2024

Hundreds of sub-postmasters in the U.K. were wrongfully prosecuted for theft and false accounting after computer glitches led to shortfalls in their accounts.

accountant

Withum

JANUARY 16, 2024

Massachusetts Companies The Massachusetts Life Sciences Center Tax Incentive Program application window is now open and is offering lucrative tax savings to eligible companies. Companies that apply and are accepted into this program can benefit from various tax benefits, such as: Life Sciences Investment Tax Credit (pursuant to M.G.L c. 62, §6(m) and c. 63, §38U) Extension of Net Operating Losses (NOLs) from 5 to 15 years (pursuant to M.G.L. c. 63, §30(17)) Designation as R&D Company for Sal

Massachusetts

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Tax

Accounting Today

JANUARY 16, 2024

A set of surveys has found that businesses are highly optimistic about the ability for generative AI to drive profits, but they're highly pessimistic about the wider social effects.

Technology

Insightful Accountant

JANUARY 16, 2024

IRS Releases Free Online Video: 2023 Form 1099-K Webinar Covers Payment App and Online Marketplace Income Reporting

Accounting Today

JANUARY 16, 2024

The TAMP developed its new tools after consulting with a group of financial advisors on the design and functions.

Tax

Insightful Accountant

JANUARY 16, 2024

Murph is inviting you to a ProAdvisor Meet-up for an "open microphone' edition of QB Talks. He wants your thoughts on Awards, ProAdvisor Program changes and QuickBooks Desktop Pro/Premier and Payroll changes.

quickbooks

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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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