Mon.Jan 30, 2023

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Think Physics is Hard? Try Self-Employed Tax Liability

CPA Practice

By Jim Hamill, Albuquerque Journal, NM (TNS) Albert Einstein was, as we all know, a brilliant theoretical physicist. His fame likely comes from the ability to look at problems in ways that others simply could not. Richard Feynmann won the 1965 Nobel Prize for Physics for his work on electrodynamics. His introduction to the field occurred while a doctoral student at Princeton in the early 1940s.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. This came as no surprise to Tim Storey, CEO of the National Conference of State Legislators (NCSL). During an early-December 2022 NCSL Forecast 2023 meeting he explained the challenge to employ workers has been echoed by legislators nationwide.

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Chart Shows Estimated 2023 IRS Tax Refund Dates – When Will You Get Your Refund?

CPA Practice

Updated: January 8, 2023: 11:01 pm ET. Let’s talk about tax refunds… and when taxpayers might get theirs in 2023. This has been the top question we get for more than 10 years: “ When will I get my tax refund? ” The answer is never exact, but we are able to make some educated guesses based on a few factors. [The estimated refund date chart is below if you just want to scroll down.

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Bad News For Big 4: Educated Men Have Decided to Not Work So Hard

Going Concern

It is known that the pandemic shifted everyone’s priorities and forced many of us to confront the question of “what am I doing with my life?” Almost all human beings with jobs have thought about this at some point between March 2020 and now, and many of them came to the conclusion that whatever they had been doing up until 2020 just wasn’t worth it.

Education 103
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Two Withum Team Members Graduate from Florida CPA Institute Leadership Program

Withum

Withum is proud to share that Torrey Hill and Ryan Kelly were selected to participate in the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. The FICPA Leadership Academy is a selective program for CPAs aged 35 and under looking to grow as leaders. For the second consecutive year, the FICPA has partnered with the Succession Institute to develop the Leadership Academy’s curriculum, which challenges participants to evolve, create a roadmap for change and expand their s

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Monday Morning Accounting News Brief: ESG Compliance Heats Up; Deloitte Disclosures; AI Says It Isn’t a Threat | 1.30.23

Going Concern

Deloitte & Touche LLP partners and staffers failed to make financial disclosures required to ensure the independence of their audit work, according to new details from the firm’s 2018 PCAOB inspection. [ Bloomberg Tax ] Britain’s accounting watchdog said on Monday it will monitor whether auditors were making spot checks on their compliance with environmental, social and governance (ESG) reporting requirements in company audits.

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More Trending

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Press Release: KROST Welcomes Grant Miller as Principal of Tax

KROST

LOS ANGELES, CA [January 30, 2023] — Los Angeles-based CPA firm, KROST CPAs & Consultants, welcomes Grant K. Miller, CPA, EA, as Principal of Tax. To begin his new role as Tax Principal, Grant will be based in our Woodland Hills office and he will provide direction and leadership to further the success of our Read the full article. The post Press Release: KROST Welcomes Grant Miller as Principal of Tax appeared first on KROST.

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Getting Ready for Top 100 – Tips & Tricks Part 2

Insightful Accountant

Murph spills the beans on criteria for the new QBO-Advanced and QuickBooks Enterprise Categories—what defines each bloodline, so to speak.

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Armanino’s 2023 New Partner Class is Largest in Firm’s History

CPA Practice

Armanino recently admitted 26 new partners, making the class of 2023 the largest ever at the top 25 public accounting firm. Half of the new partner class are women, with many completing the firm’s Executive Access Program, which pairs high-potential female managers with firm executives to provide them the opportunity to build relationships with key leaders and help drive career advancement.

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Calculating the benefits of direct tax software

ThomsonReuters

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements.

Tax 59
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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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2023 Outlook for Your Business

Insightful Accountant

Following a year of unprecedented changes, this year will mark an inflection point for many businesses. See how you can help your clients get ready for the ride. Sign up for the ADP seminar here.

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5 Best HVAC Company Bookkeeping Tips You Should Know

Steve Feinberg

HVAC businesses are part of a class of small businesses that are difficult to manage for one reason: you can be the best at what you do and still have a struggling business. HVAC technicians have to be knowledgeable about the service and products they provide, something that takes years of practice and skill to do effectively. Even after attaining a high degree of competency, building a client base and reliable reputation, and investing in your own company, many HVAC technicians and business own

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FAF Widens Access Online to FASB and GASB Standards

CPA Practice

The Financial Accounting Foundation (FAF) said on Monday it is planning to give investors and other stakeholders greater online access to financial accounting standards for public and private companies, as well as for governments. The FAF, which oversees both the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB), will be providing free, online access to the Accounting Standards Codification and the Governmental Accounting Research System startin

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New Annual Return Questions for Charities

Menzies

Menzies LLP - A leading chartered accountancy firm. The Charity Commission in England and Wales periodically review the questions it asks as part of its Annual Return process to address what it believes to be current areas of concern. The Commission has now carried out its most recent review and has published the changes it will apply for the next few years.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Ex-IRS Employee Found Guilty of Fraud and Identity Theft

CPA Practice

By Joshua Tehee, The Fresno Bee (TNS) A Fresno, CA, woman who worked for the IRS was convicted in federal court Thursday for multiple crimes related to a years-long fraud scheme. Deena Vang Lee, who was originally indicted in 2019 , was found guilty of three counts of wire fraud, two counts of aggravated identity theft, five counts of preparing and presenting false and fraudulent returns, and three counts of making and subscribing a false and fraudulent tax return, the Justice Department said i

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Cost of Living Payments from Spring 2023 – Low income households

Inform Accounting

The Department for Work and Pensions (DWP) has announced more detail on the payment schedule for the next round of cost of living support. The cash for means-tested benefits claimants, including those on Universal Credit, Pension Credit and tax credits, starts in Spring and will go direct to bank accounts in three payments over the course of the financial year.

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Fundraising reporting requirements guidance

Menzies

Menzies LLP - A leading chartered accountancy firm. It has been a requirement for Charities in England and Wales with income of more than £1m to include statements regarding fundraising practice in their Trustees’ Report. This requirement is over and above the SORP and is under the provisions of The Charities (Protection and Social Investment) Act 2016.

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Digging Into De Minimis Fringe Benefits

Patriot Software

Do you have snacks and coffee in the office for your employees? Have you ever had a workplace event, like a picnic or party? If so, you most likely have given employees de minimis fringe benefits. But, what are de minimis fringe benefits exactly, and are they taxable?

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Acterys Ranked #1 on G2’s Corporate Performance Management List for Winter 2023

Acterys

We are thrilled to announce that Acterys has been ranked #1 by its customers on G2’s Corporate Performance Management list for Winter 2023! With 93% of customers stating that online reviews influence their purchase decisions, it is obvious that customer feedback plays a key role in a company’s growth and success. For this reason, we are incredibly grateful to our customers for their support and trust in our organization, and we couldn’t have achieved this recognition without th

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Is your charity following social media best practice?

Menzies

Menzies LLP - A leading chartered accountancy firm. In this digital age, the use of social media has become a staple for many charities to promote their work, engage with supporters and campaign for change. But is your organisation following social media best practice? The charity commission have released draft guidance for charities and the use of social media.

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Strike action to affect travellers and goods entering the UK on 1 February

Inform Accounting

The Public and Commercial Service (PCS) union has announced Civil Service industrial action that will impact Border Force operations. The proposed strike dates are 1st February and 2nd February (until 7.00am). The proposed strike action will impact international arrivals at all UK air and maritime ports as well as those travelling to the UK from UK border controls in Calais, Dunkirk and Coquelles in Northern France.

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VAT on property searches

Menzies

Menzies LLP - A leading chartered accountancy firm. Following the VAT Tribunal decision in HMRC v Brabners LLP, firms of solicitors that provide conveyancing services will need to consider the impact of this case on their own VAT position and VAT on property searches. Electronic Property Searches The case concerned the VAT treatment of recharges by Brabners to its clients for costs incurred when obtaining electronic searches.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Payroll Management for SMBs. A Simple Guide for Improving the Management of Payroll System

Snyder

Pay is a very tangible medium between an employer and an employee. It’s like a rope that holds them together: the stronger the connection, the stronger the working alliance. As a result, payroll is the very part of business operations that’s equally crucial to both parties, which is why investing in a reliable management system for your payroll needs is so important.

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Business Tax Credits to Lower Your Tax Bill

xendoo

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. However, there are many types of business tax credits and the IRS has strict eligibility requirements. How do you know which tax credits will save you the most money?

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SaaS Sales: 7 Ways To Improve Sales for Saas Businesses

Snyder

SaaS is a specific business model, standing aside from other businesses. This way, it requires a different approach to sales efficiency. There are things that are specific to this industry, so if you’re a starting SaaS business, you might want to consider peculiarities about selling SaaS products. In this article, we’re sharing some actionable ways to be effective in SaaS sales.

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Trump Used FOIA Requests to Get Look Behind the Scenes of Talks Over His Taxes

CPA Practice

By Jason Leopold and Laura Davison, Bloomberg News (TNS) Donald Trump demanded reams of information from the IRS as it was preparing to turn over his personal tax returns to a congressional committee, papering the agency with a deluge of Freedom of Information Act requests in search of a behind-the-scenes look at its deliberations, new documents show.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.