SMBAccountant

FEBRUARY 19, 2024

Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. When reviewing such contracts, key considerations include a thorough examination of the scope of work, payment terms, performance metrics, and compliance with regulations. Utilizing tools like Suppl-O contract briefs can significantly aid in the efficient review process by highlighting changes, facilitating quick reference, and ensuring transparency.

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CPA Practice

FEBRUARY 19, 2024

By Ali Donaldson, Inc. (TNS) This tax season, more entrepreneurs are looking to cash in on their work-from-home habit. Since the pandemic, many founders have embraced a hybrid schedule or decided to ditch their offices altogether. Now, after investing in at-home monitors, standing desks, and Zoom-background-worthy bookshelves, they are discovering there’s a tax break for that—and giving their accountants a call.

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Accounting Today

FEBRUARY 19, 2024

Many services can be marketed to new clients as well as to existing clients. Once you begin adding services to your clients, more develop.

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CPA Practice

FEBRUARY 19, 2024

Most small businesses are feeling optimistic about growth in 2024 and their ability to expand over the next 12 months. That’s according to a new report from OnDeck and Ocrolus that combines small business survey results with cash flow data from companies to provide deeper insights into the overall health and sentiment of small businesses across the United States.

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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.

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Insightful Accountant

FEBRUARY 19, 2024

For small tax practitioners, a consistent flow of new clients is vital for growth. Balancing return completion with lead generation during tax season is key. Building a client pipeline year-round ensures continuous business development.

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Tax 104

CPA Practice

FEBRUARY 19, 2024

A new study from Lendio ranks the top 20 states for minority entrepreneurs. To produce the rankings, Lendio evaluated eight critical metrics including small business loan accessibility, entrepreneurship rates, job growth, and income equality. Click for larger images. The 20 best states for minority entrepreneurs. States with the highest percentage of minority-owned businesses.

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Insightful Accountant

FEBRUARY 19, 2024

The Formal Application Deadline for the 2024 Domestic ProAdvisor Awards process is at 12:59:59 Pacific Time Tonight. This your last opportunity time to complete your formal application before Midnight's deadline.

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CPA Practice

FEBRUARY 19, 2024

By Joy Taylor, Kiplinger Consumer News Service (TNS) If you made a qualified charitable distribution (QCD) from your IRA in 2023, reporting it on your 1040 or 1040-SR can be tricky. Individuals 70½ and older could transfer up to $100,000 in 2023 from a traditional IRA directly to charity. The cap for 2024 is $105,000 because the Secure Act 2.0 retirement law provides for annual inflation indexing of the $100,000 original cap, starting this year.

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Insightful Accountant

FEBRUARY 19, 2024

LeaseQuery, with solutions to manage companies’ largest areas of spend, has announced its rebrand as FinQuery.

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Accounting Today

FEBRUARY 19, 2024

Those fields are a bright spot in dealmaking amid a slump in other industries. Here's why non-bank loans that drive deals could bring problems in the future.

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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!

Expense Management

CPA Practice

FEBRUARY 19, 2024

More than a dozen of the accounting profession’s thought leaders will meet in Dallas this week for CPA Practice Advisor ‘s Thought Leaders Symposium. The group will discuss the key challenges and opportunities facing firms and professionals, and develop strategies for future firm success. This year’s annual event is sponsored by Sage, Avalara and Zoho, and will include interactive group and breakout sessions, as well as continuing discussions on technologies such as AI and automation that are sh

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Cherry Bekaert

FEBRUARY 19, 2024

Contributor: Anthony Walsh The Governmental Accounting Standards Board (GASB) has issued Statement No. 101, Compensated Absences , to update the recognition, measurement and disclosure requirements for compensated absences in state and local governments. This new guidance supersedes GASB Statement No. 16, Accounting for Compensated Absences , which was issued in 1992, and aims to align the treatment of paid leave benefits for employees across different government entities.

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CPA Practice

FEBRUARY 19, 2024

The Tax Blotter is a round-up of recent tax issues and Tax Court rulings. Although audit rates have been historically low the last few years, the IRS is expected to begin targeting more individuals, especially high-income taxpayers. Start the clock. How long does the IRS have to audit your return? Generally, the “statute of limitations” for audits is the later of three years from the date your return is filed or the tax return due date.

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Going Concern

FEBRUARY 19, 2024

It’s a bit quiet on the news front today, no doubt partially due to President’s Day. Everyone’s out buying mattresses. Fun President’s Day fact: although the third Monday in February is meant to recognize the birthdays of both first president George Washington and original hipster Abraham Lincoln, only Washington’s birthday — February 22 — is officially recognized in federal law ( 5 U.S.

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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.

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CPA Practice

FEBRUARY 19, 2024

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting and tax profession. Schneider Downs Boosts Tax Team Schneider Downs & Co., a Top 60 independent Certified Public Accounting (CPA) firm has expanded the leadership team in its Tax Advisory practice through the addition of several new hires.

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Reckon

FEBRUARY 19, 2024

Article by Sam Allert, Reckon CEO. Reckon is proud to announce its full year results for 2023, with the company displaying robust growth across the board and a consistent commitment to key areas of development. The Business Group continues to generate strong cashflow through products like Reckon One and Reckon Payroll, alongside strong performances from the Legal Group – largely focused on the US and UK legal firm markets. “2023 was another strong year for us, delivering to our plan of maintaini

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Summit CPA

FEBRUARY 19, 2024

Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, SEO-PPC agencies, as well as product-only. Usually founded by people with creative and technical expertise, these marketing businesses often grow out of a partnership, with one business owner leading the development efforts and the other in charge of sales.

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Cherry Bekaert

FEBRUARY 19, 2024

Company Background A family-owned, closely held real estate LLC valued at $50-70 million sought out Cherry Bekaert for estate planning guidance to ensure the business remained in the family. Despite only one child being actively involved the business, located in Greenville, South Carolina, they wanted both children to maintain equal ownership for the sake of future generations.

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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.

Finance

Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. What UK changes can we expect? In January 2024, HMRC released a summary of consultation responses on the proposed reform of transfer pricing rules (along with permanent establishment/PE and Diverted Profits Tax/DPT rules). The Government is aiming to produce draft simplified legislation for consultation during 2024 with the aim of improving tax certainty and achieving better alignment with Double Tax Treaties.

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Accounting Today

FEBRUARY 19, 2024

ADP's chief economist, Nela Richardson, shares her thoughts on what's in store economically for the year ahead.

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Account accountant accounted 57

Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. What UK changes can we expect? In January 2024, HMRC released a summary of consultation responses on the proposed reform of transfer pricing rules (along with permanent establishment/PE and Diverted Profits Tax/DPT rules). The Government is aiming to produce draft simplified legislation for consultation during 2024 with the aim of improving tax certainty and achieving better alignment with Double Tax Treaties.

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Accounting for Good

FEBRUARY 19, 2024

Getting onboard with Accounting For Good improves your day to day processes and ensures high-performance support.

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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.

CPA

Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. Read our Spring Budget 2024 Predictions & Wish list for the Financial Services Sector below. Open finance Open banking came into force on 13 th January 2018. Designed to give consumers more control over their data, we have seen fintech companies utilise this to improve loans and help us manage our money better, but there was always an intention to take this further.

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Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. As part of the ongoing transition from CHIEF, all export declarations must be made through the Customs Declaration Service (CDS) from 30 March 2024, when CHIEF will be switched off for export declarations. All information in order to make the export must be entered to CDS, including: Details of the goods being exported Where the goods are being exported from The reason the goods are being exported The reason the goods are eligible for export Wh

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Menzies

FEBRUARY 19, 2024

Menzies LLP - A leading chartered accountancy firm. Did you know under Extra Statutory Concession A19 (ESC A19) HMRC have the power to write off income tax and capital gains tax you owe in respect of historic periods where the underpayment is due to an HMRC error or administrative failure? How can someone underpay income tax? The most common example is where an employee underpays income tax because they have been given the wrong tax code.

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