AccountingDepartment
JUNE 26, 2024
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
RogerRossmeisl
JUNE 26, 2024
Are you an older taxpayer who owns a house that has appreciated greatly? At the same time, you may need income. Thankfully, there could be a solution with a tax-saving bonus. It involves taking out a reverse mortgage. Reverse mortgage basics With a reverse mortgage, the borrower doesn’t make payments to the lender to pay down the mortgage principal over time.
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Accounting Today
JUNE 26, 2024
Accountants are adding AI tools to their work, saving time and becoming more efficient.
RogerRossmeisl
JUNE 26, 2024
The next quarterly estimated tax payment deadline is September 16 for individuals and businesses, so it’s a good time to review the rules for computing corporate federal estimated payments. You want your business to pay the minimum amount of estimated tax without triggering the penalty for underpayment of estimated tax. Four possible options The required installment of estimated tax that a corporation must pay to avoid a penalty is the lowest amount determined under one of the following four met
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Accounting Today
JUNE 26, 2024
The Internal Revenue Service isn't doing enough to help victims of identity theft receive their tax refunds, according to a report from National Taxpayer Advocate Erin Collins, and its statistics on answering phone calls are misleading.
RogerRossmeisl
JUNE 26, 2024
Noncompete agreements can be valuable to a business, especially after a merger or acquisition. Estimating the value of these agreements has become more complicated in light of a controversial new final rule issued by the Federal Trade Commission (FTC) that will ban noncompetes for most employees and independent contractors, starting in September 2024.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
JUNE 26, 2024
We’re not talking about the high number of people who are sticking around at their firms right now because the market is so screwy but rather this is about respondents to a Pennsylvania Institute of CPAs survey they’ve called “ CPA Talent Retention 2024: Keeping Your Best Performers.” Almost three-quarters of the hundreds of PA CPAs surveyed said they would like to stay put.
Accounting Today
JUNE 26, 2024
The International Sustainability Standards Board will improve the sustainability disclosure landscape by streamlining and consolidating frameworks and standards.
CPA Practice
JUNE 26, 2024
While the 2024 filing season generally ran smoothly, delays in issuing refunds to identity theft victims, misleading telephone measures that lead to poor resource allocation decisions, and delays in processing employee retention credit (ERC) claims stood out as the biggest challenges to taxpayers, according to National Taxpayer Advocate Erin Collins, who released her mid-year report to Congress on June 26.
Accounting Today
JUNE 26, 2024
Banco Santander decided to renew its contract with PricewaterhouseCoopers, potentially keeping one of Europe's biggest such relationships with the firm until 2035.
Advertiser: Paycor
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Patriot Software
JUNE 26, 2024
Canton, OH Patriot Software proudly unveils its latest innovation—the My Patriot mobile app, a dynamic new tool designed to streamline how work hours are recorded and managed. The payroll and accounting leader’s new app is available to all salaried and hourly employees whose employer uses Patriot’s Time and Attendance software.
Accounting Today
JUNE 26, 2024
The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.
GrowthForceBlog
JUNE 26, 2024
9 min read June 21st, 2024 One of the biggest challenges and biggest decisions in running a business is determining your prices. Key Takeaways When Your Business Is Differentiated From the Competition: In some sense, differentiation is similar to scarcity because your business's products and services can't quite be considered scarce if you have multiple competitors offering similar products and services.
Accounting Today
JUNE 26, 2024
While some news reports have sensationalized the arrival of artificial intelligence as a risk for the accounting industry, it represents the biggest opportunity to modernize the profession since the advent of the spreadsheet.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
CPA Practice
JUNE 26, 2024
Rightworks, a cloud service provider delivering solutions purpose-built for accounting firms and professionals, has acquired Australia-based Practice Protect , the accounting profession’s leading cybersecurity provider. The acquisition will enable firms to manage risk, secure client data, and achieve regulatory compliance while using cloud and desktop applications in Rightworks OneSpace.
Accounting Today
JUNE 26, 2024
An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.
CPA Practice
JUNE 26, 2024
The IRS gave whistleblowers 121 awards totaling $88.8 million for information attributable to $338 million in tax revenue being collected in fiscal year 2023, according to the latest annual report from the agency’s Whistleblower Office. The total dollar amount of awards paid increased substantially from FY 2022 when the IRS awarded $37.8 million to whistleblowers.
Accounting Today
JUNE 26, 2024
Some participants will get a letter next month outlining a potential settlement offer.
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.
CPA Practice
JUNE 26, 2024
Roundtable Labs has announced the highly anticipated launch of the second cohort for Empower Your Passion, a transformative initiative aimed at revolutionizing the way accountants and business owners approach their work. To celebrate this milestone, Roundtable Labs invites interested individuals to join a free preview session on July 23rd to learn more about this exciting opportunity.
Accounting Today
JUNE 26, 2024
The proposal calls for a 2% minimum tax that would hit about 3,000 of the world's richest people, and is set for debate when G-20 finance ministers gather in Rio de Janeiro next month.
CPA Practice
JUNE 26, 2024
A new survey underscores the role that accountants play in motivating, determining, and implementing new solutions that modernize their work. This also helps ensure their organizations are competitive and compliant in a complex and dynamic environment, and aid the CFO and others in understanding the transformation imperative. These are part of the results from FloQast’s survey, Embracing Financial Transformation: What It Is, Why Organizations Should Want It, and How to Achieve It.
Accounting Insight
JUNE 26, 2024
Dext is bringing its three products into a single Bookkeeping Automation platform and will release new features to automate employee expenses, simplify approval workflows and more. Dext, the leading bookkeeping automation platform provider, today announced it is combining its products, Prepare, Precision and Commerce, into one integrated experience that will remove the friction between businesses, bookkeepers and accountants.
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 Today
JUNE 26, 2024
Pretty much every accountant has used AI in one form or another, with the most common use case being data entry and processing, according to a poll from Intuit QuickBooks.
Ace Cloud Hosting
JUNE 26, 2024
Looking for a dose of humor in the midst of tax season? Dive into our collection of the funniest tax memes that will make even the most daunting financial tasks.
ThomsonReuters
JUNE 26, 2024
Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. Insight on how indirect tax departments intend to use technology to transform their operations can be found in a recent study conducted by the Thomson Reuters Institute.
Accounting Today
JUNE 26, 2024
A chain of second-hand bookstores may not immediately sound like the setting for a tale of stock-market volatility, but Bookoff Group Holdings Ltd. shares tumbled 10% after discovering fictitious purchases by employees.
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.
Insightful Accountant
JUNE 26, 2024
Recent workplace changes have sped up shifts in how and where accountants work. Firms of all sizes have long been exploring dispersed teams.
Ryan Lazanis
JUNE 26, 2024
In business, we often lose sight of what’s truly important. This episode serves as a reminder to re-center and focus on what matters most. The post Reminder appeared first on Future Firm.
Insightful Accountant
JUNE 26, 2024
Murph seeks to help you get ready for Insightful Accountant's 2025 ProAdvisor Awards process that will begin in July (2024). This includes a few fundamental changes to this year's requirements.
Reckon
JUNE 26, 2024
In a new deal with SISS Data Services (Australia’s leading independent provider of secure bank data services) Reckon is proud to add powerful and secure bank data services to our payroll and accounting software. As Reckon CEO Sam Allert noted on the fresh partnership, We’re very excited to deliver this significant enhancement for our small business customers,” said Sam Allert, CEO of Reckon.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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