TaxConnex

MARCH 9, 2023

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

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Sales Tax Indiana Massachusetts 147

CPA Practice

MARCH 9, 2023

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.

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Tax tax return California payroll 133

Going Concern

MARCH 9, 2023

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 ?

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Tax Illinois tax consultant Hospitality 102

Patriot Software

MARCH 9, 2023

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?

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payroll 98

Advertiser: Paycor

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CPA Practice

MARCH 9, 2023

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.

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Technology CPA Account accountant 98

Cherry Bekaert

MARCH 9, 2023

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

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financial accounting Account accountant accounted 97

AccountingDepartment

MARCH 9, 2023

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.

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bookkeeping Account accountant accounted 75

MineralTree

MARCH 9, 2023

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.

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B2B AP Processes AP Automation Tax 74

Withum

MARCH 9, 2023

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.

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NetSuite Account accountant accounted 59

ThomsonReuters

MARCH 9, 2023

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.

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Tax Account accountant accounted 59

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.

Withum

MARCH 9, 2023

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.

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Sports New York Tax 59

ThomsonReuters

MARCH 9, 2023

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.

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Tax Account accountant accounted 59

Insightful Accountant

MARCH 9, 2023

Ignition's Matt Kansas takes a look at the shift to 'Accounting 2.0'—and what the next 10 years may look like.

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Gaming Kansas Account accountant 99

MazumaBusinessAccounting

MARCH 9, 2023

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.

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Tax Start-ups Sales public accounting 52

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

CPA Practice

MARCH 9, 2023

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.

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AP Automation Technology AP Processes accounts payable 52

Cherry Bekaert

MARCH 9, 2023

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

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Maine 52

Nancy McClelland, LLC

MARCH 9, 2023

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.

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Non-Profits bookkeeping software bookkeeping cpas 52

Cherry Bekaert

MARCH 9, 2023

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.

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Tax Government 52

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Technology

Menzies

MARCH 9, 2023

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.

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chartered accountant Tax accounting firms Account 52

Insightful Accountant

MARCH 9, 2023

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.

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quickbooks Finance 52

CPA Practice

MARCH 9, 2023

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.

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Technology CPA Account accountant 52

ThomsonReuters

MARCH 9, 2023

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?

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Tax Account accountant accounted 52

Advertiser: Paycor

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CPA Practice

MARCH 9, 2023

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.

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audit auditor CPA Education 52

ThomsonReuters

MARCH 9, 2023

Henkel of Am., Inc. v. ReliaStar Life Ins. Co., 2023 WL 1801923 (D. Conn. 2023) Available at [link] Two self-insured health plan participants diagnosed with a rare health condition incurred prescription drug expenses of over $50 million, leading the employer plan sponsor to file this lawsuit against the plan’s pharmacy benefits manager (PBM) and stop-loss insurer.

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Tax Account accountant accounted 52

CPA Practice

MARCH 9, 2023

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.

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AP Automation Technology AP Processes accounts payable 52

Menzies

MARCH 9, 2023

Menzies LLP - A leading chartered accountancy firm. Now that we are in March it is time to start thinking about whether your company needs to prepare an ATED return this year. Is it relevant to me? ATED returns are required to be filed where a company owns a residential property with a value (at the Valuation Date) of more than £500,000. The property could be held in stock or as a fixed asset.

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chartered accountant Start-ups Tax accounting firms 52

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

FraudFiles

MARCH 9, 2023

I often hear: “Pyramid schemes are illegal! If XYZ Company was a pyramid scheme, the government would shut them down!” Yes, pyramid schemes are illegal. No, our government generally doesn’t shut down pyramid schemes masquerading as multi-level marketing.

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Government 52

Insightful Accountant

MARCH 9, 2023

Recurring invoices now are available to all subscription levels of QuickBooks Online.

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quickbooks 96

CPA Practice

MARCH 9, 2023

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.

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public accounting management accounting management accounts Account 103

Insightful Accountant

MARCH 9, 2023

Check out the multi-award-winning QuickBooks Solutions Provider in North America and a trusted source for accounting solutions.

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quickbooks Account accountant accounted 52

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"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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