TaxConnex

AUGUST 1, 2023

It seems like a simple part of selling online. You sell an item to a customer, they decide for whatever reason to return it, and you give them a refund. Simple. Except when sales tax becomes involved. One in every five … What are the odds your online company will have to deal with returns and make refunds? Pretty likely: At least one in every five products ordered online are returned, versus maybe one in 10 bought in a brick-and-mortar store.

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MyIRSRelief

AUGUST 1, 2023

Trucking companies form the backbone of the transportation industry, ensuring that goods are delivered efficiently and promptly across the country. However, with the increasing complexity of tax regulations, many of these companies find themselves struggling to maintain tax compliance. Non-compliance can lead to severe penalties and financial setbacks, posing a significant threat to their operations.

payroll tax 130

payroll tax Tax payroll audit 130

Accounting Today

AUGUST 1, 2023

Hourly earnings growth for small business employees declined 0.07% to 3.95% and fell below 4% for the first time in more than two years, while hiring also moderated, according to Paychex.

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CPA Practice

AUGUST 1, 2023

State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. = The Florida Institute of Certified Public Accountants (FICPA) recently announced that Jason Harrell will join the FICPA as Chief External Affairs Officer, effective July 17, 2023. Harrell will be stationed at the FICPA Governmental Affairs office in Tallahassee and will direct all aspects of the FICPA’s public policy, advocacy, governmental af

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Account

ThomsonReuters

AUGUST 1, 2023

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. 1. Financial stability There’s no question that money talks—and the accounting profession is no exception.

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CPA Practice

AUGUST 1, 2023

Accounting practice management software maker Canopy is expanding the AI-driven capabilities of its software with the introduction of Canopy Insights. This new feature of the Canopy platform will provide accounting professionals with powerful insights to develop deeper advisory relationships with their clients and simplify complex firm data in a few clicks.

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Basis 365

AUGUST 1, 2023

Effective cost control is crucial for maintaining profitability and driving sustainable growth in today's competitive business landscape. One key aspect of achieving this is implementing robust spending management practices. By actively managing your organization's spending, you can identify areas for optimization, reduce unnecessary expenses, and make informed decisions that align with your strategic objectives.

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CPA Practice

AUGUST 1, 2023

Siegel Solutions, a provider of outsourced accounting, and a QuickBooks Solutions Provider, has partnered with NE Paradigm, a full-service marketing solutions team. Siegel selected NE Paradigm to further enhance its brand presence and expand its reach in the market. Siegel Solutions aims to leverage their expertise in strategic marketing, digital advertising, content creation, and brand development.

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Going Concern

AUGUST 1, 2023

INSIDE Public Accounting released its annual Top 500 list last week — a.k.a. the profession’s most prestigious dick-measuring contest, or perhaps second most prestigious after the actual prestige rankings from the artist formerly known as Vault — so of course we are eager to share the list with you so that you may, for just a moment, feel superior to people working the same miserable job you are because of some objective factor (revenue) that does not benefit you in any direct

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CPA Practice

AUGUST 1, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, talk with Jeff Gramlich of Validis about changes in audit technology and the role of data. Use the podcast player below to listen.

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Advertiser: Paycor

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Cherry Bekaert

AUGUST 1, 2023

In this episode, Eric Poppe , a Managing Director in Cherry Bekaert’s Government Contractor Industry practice is joined by Matt Schiavone , Managing Director, and Brian Kirk , Senior Manager in the Firm’s Information Assurance & Cybersecurity practice to discuss the Department of Defense (DoD) Cybersecurity Maturity Model Certification (CMMC) 2.0 program milestone and what contractors should be doing now to prepare.

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Government 96

Accounting Today

AUGUST 1, 2023

The Supreme Court will hear Moore v. U.S., a case involving taxation of unrealized income that experts suggest could have major ramifications.

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Insightful Accountant

AUGUST 1, 2023

Join Murph and Gary on Wednesday, Aug. 16, at 2 p.m. (EST) as they visit with members of the 2023 Top 100 and Categorical Awards.

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Accounting Today

AUGUST 1, 2023

At the same time, the number of companies reporting their audit fees has dropped roughly 20%.

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audit 98

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.

Insightful Accountant

AUGUST 1, 2023

In the first of our spotlights of the Insightful Accountant 2023 Top 100 ProAdvisors, we sit down with Business Pipeline's Jacqueline Edwards. See how she continues to stay on top of her game.

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Accounting Today

AUGUST 1, 2023

Ensure compliance with FASB guidelines and build business confidence.

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Insightful Accountant

AUGUST 1, 2023

On the latest episode of Accounting Insiders, Insightful Accountant's Gary DeHart and Enkel Backoffice Solutions' Omar Visram discuss how his company continues to drive AP as a service—and more.

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Cherry Bekaert

AUGUST 1, 2023

Best practices for organizational growth include starting with an assessment of the current strengths and weaknesses, followed by the development of a measured approach before taking the next steps on their community development journey. These organizations need tools, just like a compass, to ensure the most efficient path for their strategic growth, mission readiness and expansion opportunities.

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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

Technology

Going Concern

AUGUST 1, 2023

This stock photo might belong on r/itsaunixsystem but we’re quickly running out of AI stock photos so just deal. Saw something interesting in Fortune yesterday and thought it worth sharing as it gives us a look at PwC’s AI upskilling plans and demonstrates how difficult it is to train your people on a technology moving faster than any technology before it.

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Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. Dal 1° aprile 2023, i maggiori Gruppi internazionali (con un fatturato di Gruppo superiore a 750 milioni di Euro) sono ora tenuti a mantenere la documentazione sui prezzi di trasferimento secondo uno standardizzato formato OECD, composto da un Master File e un Local File. Inoltre, nel Regno Unito viene introdotto un requisito aggiuntivo chiamato “summary audit trail” (SAT).

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Canopy Accounting

AUGUST 1, 2023

What's new: Create custom roles to help manage team assignments. Use these roles to populate a client record template for easy client creation. Or use the roles on a client record, task, subtask, or task template.

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Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds. It remains important to regularly evaluate your personal position, as there is no one-size-fits-all approach to profit extraction, and the best route will depend on your personal circumstances and the objectives of the company.

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Advertiser: Paycor

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.

Anders CPA

AUGUST 1, 2023

While the pandemic has ended and businesses have long moved on to a new normal, it’s important for startups and their investors to fully understand the current St. Louis startup ecosystem to make sure those next steps are as efficient and effective as possible. To help startups, entrepreneurs, startup investors and funding sources gauge how to move forward, and learn key, actionable items to take with them to pitch meetings and beyond, Anders has launched our inaugural Startup Funding and Outloo

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CPA Practice

AUGUST 1, 2023

By Marly Broudie. In the ever-evolving world of financial services, staying ahead of the curve is crucial for service providers to meet the changing needs and expectations of their clients. The digital age has brought about a significant shift in marketing strategies, with emerging trends reshaping the financial services landscape. In this article, we will explore the latest trends that financial service providers need to know, including video marketing, influencer collaborations, chatbot integr

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Withum

AUGUST 1, 2023

The transfer pricing landscape is constantly evolving with rapidly changing IRS policies/procedures, greater efforts directed towards effective enforcement, and identifying noncompliance among taxpayers. We have seen many indications of this. With the majority share of the Inflation Reduction Act’s $80 billion in IRS funding appropriated for tax enforcement, the IRS’s Large Business and International Division (LB&I) hopes it will lead to more transfer pricing work in the future.

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CPA Practice

AUGUST 1, 2023

Patriot Software, a developer of affordable and robust accounting software and payroll software for American businesses, has launched its Summer Product Release Roundup, available for viewing on its website. The comprehensive product feature lists represent Patriot Software’s commitment to constantly enhancing its software, ensuring it remains the best choice for American businesses needing efficient, cost-effective solutions.

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Finance

Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. In light of HMRC’s recent investigation into Airbnb hosts and their earnings data, holiday-let property owners must take proactive steps to ensure they comply with tax regulations. It’s been observed that property owners have inadvertently or deliberately failed to disclose their earnings. Failure to declare earnings for tax purposes can result in a financial penalty or at worst, criminal prosecution.

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CPA Practice

AUGUST 1, 2023

The Financial Accounting Standards Board ( FASB ) has published a proposed Accounting Standards Update (ASU) intended to provide investors with more decision-useful information about a public business entity’s expenses. Stakeholders are encouraged to review and provide comment on the proposal by October 30, 2023. “Feedback from investors on our 2021 Agenda Consultation provided us with a fresh approach to providing more detailed information about a company’s expenses, which investors have said i

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Inform Accounting

AUGUST 1, 2023

The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset. Deferral of the charge is possible with reference to business assets using 'hold-over' relief, thereby avoiding an immediate CGT charge for the donor. The donee takes over the donor’s CGT base cost, increasing any gain on the eventual sale. The relief is commonly used in the transfer of a business to a company because it allows the debtors and creditors to be retained by the sole trader outside of the c

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Tax tax return Sales Government 52

CPA Practice

AUGUST 1, 2023

By Augusta Saraiva, Bloomberg News (via TNS). U.S. job openings fell in June to the lowest level since April 2021, suggesting some softening in demand for workers in an otherwise resilient labor market. The number of available positions eased to 9.6 million in June, the Labor Department’s Job Openings and Labor Turnover Survey showed Tuesday, in line with the median estimate in a Bloomberg survey.

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Advertisement

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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