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At least three states opened this year with proposals to revamp taxes concerning digital advertising and data. Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The bills include: HD 1507 , to establish a commission to study generating revenue from digital advertising that is displayed inside of Massachusetts by companies that generate over $100 mil
By Samantha Gowen, The Orange County Register (via TNS). Storms, wildfires and flooding damage have pushed back the tax filing deadlines for most Californians. The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments. The Franchise Tax Board said taxpayers who suffered financial losses to storm damage also could be eligible to claim those losses on their tax returns.
The United States Tax Court recently ruled that Edwards Engineering could only deduct $304,640 of the $1,037,237 it claimed under Section 179D for the installation of energy efficient commercial building property (EECBP) it performed at a Veterans Affairs hospital in 2013. Q: Edwards Engineering is a client of what tax consulting firm, a popular subject at Going Concern due to its ongoing problems across several areas ?
U.S. business executives still have grave concerns about the economy but have grown more optimistic about revenue and profit expectations and other key indicators for the coming year, according to the first-quarter AICPA & CIMA Economic Outlook Survey. The survey polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.
In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Seven out of 10 Americans aren’t fans of changing the clocks at the start and end of daylight saving time (DST). And if you have employees who work the graveyard shift, you might not like the payroll issues that come with DST. So, how does daylight savings time work when employees are on the clock?
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA, share a series of podcasts about the accounting and practice technologies they discovered at the 2023 Consumer Electronics Show (CES) in Las Vegas earlier this year. They also highlight some tech that can improve your clients’ productivity. There are four podcasts in this series. Click the links below to listen to the podcasts.
Ever since “Project Everest” was announced last year there have been delays, complaints, and constant reassurance from leadership that things are going forward as planned, depending on market conditions. Only a week ago Global Managing Partner Andy Baldwin told Bloomberg Radio that a few details needed to be hammered out — specifically how legal liability will be spread among partners and how to fund pensions — and that a partner vote was expected in April or May.
It is no secret that accounting is rife with complex challenges characterized by number-intensive projects that require extensive educational specialization, experience, and diligence. In short, the average person is not cut out for the role of a professional accountant or bookkeeper. If you own or manage a business of any type, it is in your interest to rely on client accounting services and outsource your accounting and bookkeeping projects to the pros.
The U.S. Supreme Court issued their decision in Bittner v. United States (S Ct No. 21-1195, 2023) on February 28, 2023. The court’s ruling is a positive result for many taxpayers and resolves a split in decisions among the Appellate Courts. The Supreme Court held that the $10,000 penalty assessed against U.S. persons for nonwillful compliance failures to file reports of foreign bank and financial accounts, is assessed against each report that is required to be filed and is not assessed against e
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.
Cross-border payments are an essential component of modern business operations, allowing companies to transact with vendors, partners, and employees in different countries. For companies looking to have a global presence, it is important to understand the challenges and trends involved in international transactions. In this article, we explore the common issues with B2B cross-border payments and the steps companies can take to improve their international AP process.
Proposed Rule: Administrative Simplification: Adoption of Standards for Health Care Attachments Transactions and Electronic Signatures, and Modification to Referral Certification and Authorization Transaction Standard, 45 CFR Parts 160 and 162, 87 Fed. Reg. 78438 (Dec. 21, 2022) Available at [link] HHS has proposed regulations that would adopt a set of standards for the electronic exchange of clinical and administrative data to support prior authorizations and health care claims adjudication.
NetSuite will begin the upgrade roll out beginning March 16, 2023. The specific date for your scheduled upgrade can be found in the “New Release” portlet in your NetSuite dashboard. What Is a NetSuite New Release Feature? Twice a year, NetSuite releases scheduled updates that enhance the functionality of the ERP platform. This may include enhancements to existing features or the addition of new functionalities, which affects all NetSuite users.
Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? And then having to decipher them into easy-to-understand nuggets that work for your clients? Enter: Thomson Reuters Tax Season Toolkit. This one-stop-shop can help make life easier by providing comprehensive resources so you can stay ahead of the game in today’s ever-changing world of tax and accounting.
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.
Sunday, I attended a friend’s band concert considering it obligatory support. It was not something I would have chosen, but I felt I should go since he mentioned it to me. I ended up having a fantastic time and now look forward to future concerts. The performance was by The Imperial Band of South River at their building and music center, which I hadn’t heard of and is only about 10 minutes from my house.
Are you looking to build your business? As small business owners, it is easy to get distracted by the length of our to-do list and lose sight of the important factors that drive our business’ success. It’s also easy to ignore financial reports when we don’t know how to translate the numbers on the report into key insights about the health and value of our business.
AvidXchange Holdings, Inc., a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. (“Corelation”), the latest core processor for today’s credit union. This allows AvidXchange to offer AvidAscend, a best-in-class invoice-to-pay software solution, to Corelation’s 190+ top credit union customers.
The Power Platform is a resourceful Microsoft 365 applications tool that enables you to automate business processes, develop solutions, analyze data and much more, leading to increased productivity and innovation. In this episode of Cherry Bekaert’s Digital Journeys podcast series, Jim Holman , Director and Strategy & Operations Leader, and Trace Armstrong , Senior Manager of Digital Advisory, will introduce the various components of the Power Platform and how you can better leverage these
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.
In this YouTube video , I demonstrate how to use the AICPA RRF tracker tool for SBA reporting. Only 60% of restaurants that applied actually received funding for the popular Restaurant Revitalization Fund program (RRF), due to a failure of Congress to replenish the kitty with leftover PPP money, as was envisioned. (A substitute Restaurant Revitalization Tax Credit bill is currently languishing.
State Credits & Incentives programs are offered by state governments to encourage economic development and investments in their state. These credits allow businesses an opportunity to reduce their tax burden, increase cash flow and make investments for growth and long-term success. All these credit and incentives programs are designed to benefit the local areas and give businesses an advantage in a competitive market.
Unless you’re an accountant, you’ve probably never even heard of an IRS account transcript —but it’s the best hack there is for getting an accurate snapshot of your income, deductions, tax payments, tax filings, and account activity records. Here’s how it works: the IRS receives a copy of every single tax form filed by you – or “on” you (by, say, an employer or brokerage firm).
Menzies LLP - A leading chartered accountancy firm. In the course of HMRC enquiries and tax investigations, HMRC will make decisions which commonly fall into one of four categories: Decisions over the amount of tax due. Decisions whether a tax relief is available to reduce or defer a tax liability. Decisions to request further information or to review documents from a taxpayer.
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.
Technologists Randy Johnston and Brian Tankersley, CPA, CITP, CGMA, a series of podcasts about the accounting and practice technologies they discovered at the 2023 Consumer Electronics Show (CES) in Las Vegas earlier this year. They also highlight some tech that can improve your client’s productivity. Use the podcast player below to listen to this podcast.
See how businesses the funding platform enables businesses in the US and Canada to get paid in a day by advancing funds from unpaid invoices with online invoice financing and factoring.
The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – today released for public comment a draft on proposed changes to the International Professional Practices Framework (IPPF), with focus on the International Standards for the Professional Practice of Internal Auditing.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
BILL, a provider of financial automation software for small and midsize businesses (SMBs), announced a partnership with BMO to digitize and streamline business payments. BMO Bill Connect , powered by BILL, is a bill pay and invoicing platform that helps customers pay and get paid in a simpler, faster and more secure way. “BMO Bill Connect is another example of our Digital First strategy in action, focused on building a digitally enabled, future-ready bank that drives real financial progress for
QUESTION: We received notice from an employee that his son turned age 26 and is no longer an eligible dependent under our company’s group health plan. According to our insurer, however, the son is not covered under the plan because his coverage was previously dropped during open enrollment. Do we still need to send a notice of unavailability informing the employee’s son that he is not entitled to elect COBRA?
The internal audit profession faces stiff competition for talent, especially talent capable of addressing a broadening array of risk topics and well-versed in emerging technologies that can drive the function into the future, according to Protiviti’s 2023 Next-Generation Internal Audit Survey. The survey found that 43% of chief audit executives (CAEs) and senior internal audit leaders report a lack of access to the talent they need.
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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