RogerRossmeisl
JANUARY 21, 2025
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Lets start by defining local transportation. It refers to travel when you arent away from your tax home long enough to require sleep or rest.
TaxConnex
JANUARY 21, 2025
An exemption certificate is one of the most useful tools that your online company has for sales tax. This little piece of paper is used to exempt an otherwise taxable transaction from sales tax. The overall concept is that the end user incurs sales tax and that all sales of tangible personal property are taxable unless specifically enumerated, usually in legislation.
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RogerRossmeisl
JANUARY 21, 2025
Business valuation experts often rely on prospective financial statements when applying the discounted cash flow (DCF) method to value a private business interest. However, when management prepares financial projections for another purpose such as a loan application repurposing them to estimate fair market value for litigation purposes may raise a red flag.
AccountingDepartment
JANUARY 21, 2025
Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.
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
RogerRossmeisl
JANUARY 21, 2025
Medicare health insurance premiums can add up to big bucks especially if youre upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called Medicare medical insurance. Part B mainly covers doctors visits and outpatient services. Eligible individuals must pay monthly premiums for this benefit.
Withum
JANUARY 21, 2025
The updated guidance in Chapter 8 of the American Institute of Certified Public Accountants (AICPA) Accounting and Valuation Guide: Valuation of Privately-Held-Company Equity Securities Issued as Compensation, outlines a framework for using primary and secondary transactions in company securities to assess their impact on estimating the fair value of equity for stock-based compensation.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
JANUARY 21, 2025
Accurate accounting for R&D expenses is critical for compliance and can have significant tax benefits as well as financial reporting and operational implications. The post Accounting for R&D Costs in a Biotech Startup: Why Its Important to Get it Right appeared first on Burkland.
Mark Lee
JANUARY 21, 2025
A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. Given the evolving threat landscape, I asked him to highlight the current challenges and solutions we need to keep in mind. Francis has been involved in the technology sector for over thirty years, providing IT and cybersecurity solutions to a range of industries, including finance, recruitment, and legal.
Withum
JANUARY 21, 2025
A retirement plan may allow participants to access their accounts while still employed via a hardship distribution when there is an immediate and heavy financial need, whether it was incurred deliberately or unintentionally. Immediate and heavy financial need would include any of the following listed below: Medical care expenses for the employee, the employees spouse, dependents or beneficiary Tuition and related educational fees and room and board expenses for the next 12 months of postsecondar
Accounting Today
JANUARY 21, 2025
KPMG US has set up a subsidiary that has filed an application in Arizona to establish a law firm in the state, with hopes of going national.
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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
ThomsonReuters
JANUARY 21, 2025
Blog home In the ever-evolving landscape of auditing, the integration of artificial intelligence (AI) has emerged as a transformative force. AI-powered risk identification tools are revolutionizing the audit process, enhancing efficiency, accuracy, and overall effectiveness. Mercadien , a leading accounting and advisory firm, has experienced firsthand the benefits of AI-powered risk identification tools.
CPA Practice
JANUARY 21, 2025
The IRS updated frequently asked questions about the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit inFact Sheet 2025-01 on Jan. 17.
VJM Global
JANUARY 21, 2025
In the matter of Unionbase Nidhi Limited By Office of Registrar of the Company, Uttar Pradesh M/s Unionbase Nidhi Limited (The Company) is having registered office in the state of Uttar Pradesh with authorised share capital of INR 1,00,000/-. During verification, it was observed that in the Financial statements of the company for 2016-17, 2017-18, and 2018-19, the directors did not mention DIN under their signatures.
CPA Practice
JANUARY 21, 2025
A handful of home rule states Colorado, Alabama, Louisiana, Arizona, and Alaska are making moves toward simplification. Still, businesses selling into home rule states continue to face an onerous tax compliance burden.
Advertiser: Paycor
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Accounting Today
JANUARY 21, 2025
Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.
Summit CPA
JANUARY 21, 2025
Like many small businesses , agencies are cyclical. Nobody knows this better than Tom Conlon, Founder and CEO of North Street Creative, a branding and design agency serving a variety of businesses going through moments of business change.
Accounting Today
JANUARY 21, 2025
If we establish a Bitcoin reserve the US taxpayer loses and the wealthiest Bitcoin holders win.
Ace Cloud Hosting
JANUARY 21, 2025
In today’s fast-paced business world, flexibility and accessibility are key to maintaining productivity and efficiency.
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.
Accounting Today
JANUARY 21, 2025
Accounting and auditing analytics software company Caseware announced that it has bought Extractly.ai, an Australian-based AI startup that offers intelligent document processing solutions.
CPA Practice
JANUARY 21, 2025
The IRS recently released guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements.
Accounting Today
JANUARY 21, 2025
Accountants and other financial professionals in the U.S. are showing more signs of confidence in the economy, but optimism is waning elsewhere.
CPA Practice
JANUARY 21, 2025
The private equity-backed top 25 accounting firm has merged in Indianapolis-based CPA firm CapinCrouse, as of Jan. 17, in what is the largest deal in CRI's 28-year history.
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.
Churchill-Knight
JANUARY 21, 2025
With the new year now in full motion, many workers are looking to explore new options for the next step in their careers. This article outlines helpful advice on how to get started as a first-time contractor in 2025. Know your options: umbrella company vs limited company As a first-time contractor, it can be challenging to know what your options are when it comes to receiving your payments.
CPA Practice
JANUARY 21, 2025
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Accounting Today
JANUARY 21, 2025
RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.
CPA Practice
JANUARY 21, 2025
PCAOB staff continues to identify a large number of deficiencies related to the auditors examination of journal entries, the audit regulator said.
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
JANUARY 21, 2025
TikTok and taxes; future of L.A. revenues; engagement limits; and other highlights from our favorite tax bloggers.
CPA Practice
JANUARY 21, 2025
S Corporation elections are popular among Corporation and LLC owners due to various advantages. With the election deadline approaching in March, it is a great time to get refreshed on this popular election to help advise your clients.
Accounting Today
JANUARY 21, 2025
Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has added CapinCrouse, a Regional Leader based in Indianapolis, effective Jan. 17, 2025.
CPA Practice
JANUARY 21, 2025
Both Eston Melton and his wife, who once worked as a secretary at Miami-Dade County Hall, are registered as lobbyists with the county.
Advertiser: Paycor
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