Summit CPA

JUNE 13, 2024

What is the ideal client concentration? How high is too high of a concentration? What do you do if your concentration is too high? Find out in this post.

CPA 52

CPA Account accountant accounted 52

TaxConnex

JUNE 13, 2024

It seems like yesterday when only physical nexus ignited a company’s sales tax obligations in a state. Six years ago this month, that changed with one court decision. These days selling a certain amount remotely into a state or other tax jurisdiction (one that has a sales tax, anyway) means your company must collect and remit sales tax – a complication of doing business that’s probably going to only get more complicated in the years ahead.

South Dakota 207

South Dakota North Dakota Massachusetts E-commerce 207

CPA Practice

JUNE 13, 2024

By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA. The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 million for individuals and $27.22 million for married couples). However, these exemption amounts are set to expire on Jan. 1, 2026, and—absent new legislation before then—will revert to approximately $7 million for individuals and $14 million for married couples, subject

Real Estate 124

Real Estate Tax income tax Illinois 124

Accounting Today

JUNE 13, 2024

The Corporate Transparency Act, ostensibly meant to address scams and other crimes, has ironically opened the door to new kinds of scams directed at small-business owners.

120

120

Advertisement

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Going Concern

JUNE 13, 2024

At least they said “attractive” and not “sexy.” According to a press release they put out yesterday , EY plans to invest a billion dollars over three years on talent and technology “to revolutionize the experience of early career accounting professionals and improve the attractiveness of the profession.” Let’s see what exactly they think that looks like: This investment includes a significant increase in early career compensation, artificial intelligence

Account 113

Account accounted accountant accounting degree 113

CPA Practice

JUNE 13, 2024

On Thursday, June 13, as part of the Women’s Leadership Summit at MEGA 2024, the FICPA presented its annual “Women to Watch Awards”, honoring Experienced Leader Cristina Hale and Emerging Leader Carmen Velasquez. “The Women to Watch Awards recognize and celebrate the women among us who exemplify leadership excellence,” said FICPA President & CEO Shelly Weir.

Florida 111

Florida cpas tax consultant CPA 111

Going Concern

JUNE 13, 2024

ConvergenceCoaching has opened up responses for their Anytime, Anywhere Work survey and you are invited to contribute. The survey is open to either of these: The Firm Leadership portion of the survey is designed for completion by one person for each accounting and consulting firm — usually the Managing Partner or a top HR professional. Those leaders are asked to provide information about their firm’s remote and flex work practices.

Account 104

Account accounted accountant 104

Accounting Today

JUNE 13, 2024

In advance of World Elder Abuse Awareness Day, the Internal Revenue Service is highlighting how criminals target older citizens.

Tax 122

Tax 122

CTP

JUNE 13, 2024

In a recent blog , we discussed the tax implications of converting a residence to a rental property. Once that rental property begins generating income, what else does a taxpayer need to consider for effective tax planning? First, real estate rentals classify as either long-term or short-term rentals. Long-term rentals typically qualify for traditional real estate tax deductions from mortgage interest, property taxes, insurance, and property management fees.

Real Estate 98

Real Estate Tax tax planning Account 98

AccountingDepartment

JUNE 13, 2024

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor. DCAA stands for Defense Contract Audit Agency, a branch of the Department of Defense that is tasked with auditing and evaluating proposal and contract costs for the government.

Government 86

Government Account accounted accountant 86

Advertisement

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

Accounting Today

JUNE 13, 2024

The annual list recognizes top leaders from accounting firms across the country.

Account 130

Account accounted accountant accounting firms 130

SkagitCountyTaxServices

JUNE 13, 2024

In conversations with Skagit County business owner friends recently, it seems hiring has been a struggle bus (can you relate?). There are qualified applicants showing up in their resume stacks. But, what’s more difficult to look for in that pile is the right combo of qualified and quality to fill out the position. For a lot of them, no one’s really standing out from the pack.

CPA 79

CPA Tax Account accounted 79

Accounting Today

JUNE 13, 2024

Extreme and outlandish; General nonsense; tat's all, folks; and other highlights of recent tax cases.

Tax 114

Tax tax preparation 114

Xero

JUNE 13, 2024

We’ve just wrapped Xerocon London 2024, and what a magical two days it’s been. Although Xerocon is a chance for us to update everyone about the industry trends we’re seeing, and the new product features we’ve been building, it really is about the people. Bringing our community together and experiencing that magic in person, is priceless. Day two brought more insightful keynotes, breakout sessions and activity from our exhibitors.

bookkeeping 72

bookkeeping Account accounted accountant 72

Advertisement

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

Accounting Today

JUNE 13, 2024

The Tax Court approach in a recent case may produce a split among the circuit courts, and the Supreme Court may take a case to resolve the split.

Tax 95

Tax 95

CPA Practice

JUNE 13, 2024

The Public Company Accounting Oversight Board (PCAOB) on June 12 is seeking to replace an outdated auditing standard on substantive analytical procedures, used by auditors to compare an amount recorded by the client to an amount expected by the auditor to determine whether there’s a misstatement. The current AS 2305 was originally put in place by the AICPA in 1989 and hasn’t changed much since its adoption on an interim basis by the PCAOB in 2003.

audit 59

audit auditor financial statements Legal 59

Accounting Today

JUNE 13, 2024

From updates in mortgage-related court cases, to developments in AI and policy, here are the most-read stories from National Mortgage News over the past week.

Legal 90

Legal 90

CPA Practice

JUNE 13, 2024

A prestigious executive management course on sustainable financial strategy, jointly developed by Saïd Business School at the University of Oxford and AICPA & CIMA, now offers continuing professional education (CPE) credit for CPAs. The six-week course, ESG and Sustainable Financial Strategy , is designed to give accounting and finance professionals the skills necessary to lead their organization’s response to sustainable business priorities.

cpas 59

cpas Education accounting and finance Government 59

Advertisement

Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

Account

Accounting Today

JUNE 13, 2024

The Public Company Accounting Oversight Board's amendments will make it easier to hold auditors accountable for violations, among other things.

auditor 80

auditor Account accounted accountant 80

CPA Practice

JUNE 13, 2024

The Public Company Accounting Oversight Board (PCAOB) on June 12 updated a nearly 20-year-old rule on auditor conduct, making it easier for the audit regulator to hold associated persons of an accounting firm accountable when their negligence “directly and substantially” causes the firm to violate auditing standards. The update to PCAOB Rule 3502, Responsibility Not to Knowingly or Recklessly Contribute to Violations , which was enacted in 2005, changes the threshold for liability for those who

auditor 59

auditor audit accounting firms public accounting 59

Accounting Today

JUNE 13, 2024

Sixty-three percent of companies say they will be ready to report under the EU's Corporate Sustainability Reporting Directive, but many don't know how, a new PwC survey says.

Account 70

Account accountant accounted 70

Insightful Accountant

JUNE 13, 2024

The cannabis industry anticipates a major change with the DEA's expected rescheduling of cannabis from Schedule I to Schedule III. This shift could have significant tax implications for businesses, potentially impacting IRC section 280E.

Tax 59

Tax 59

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Accounting Today

JUNE 13, 2024

These eight hurdles stand between you and a thriving accounting practice — and they can all be overcome.

cpa firm 98

cpa firm CPA Account accounted 98

Going Concern

JUNE 13, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX CANDIDATES FTE Senior Tax Accountant / Manager | Candidate ID #21844350 Certifications: CPA Education: BSBA Accounting, MS Accounting Experience (years): 6+ years i

Real Estate 57

Real Estate Account accounted accountant 57

Accounting Today

JUNE 13, 2024

Charge your clients based on the outcomes you achieve for them, not your inputs.

93

93

LSLCPAs

JUNE 13, 2024

Outsourced accounting services are the talk of the town in the business world, and it’s easy to see why. These services offer a transformative approach to managing finances, providing businesses with a host of benefits that can drive growth and efficiency. From significant cost savings to strategic financial insights, here are ten compelling reasons to.

Account 52

Account accounted accountant cpas 52

Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

SchoolofBookkeeping

JUNE 13, 2024

Hold onto your wallets, folks! QuickBooks just announced they're hiking up their prices. Here's a breakdown of their justifications and the key dates you'll need to know. Why the price increase? Apparently, it's all about giving us more AI, automation, and streamlined workflows. QuickBooks wants us to believe this is for our benefit, saving us time and helping our clients get paid faster.

quickbooks 52

quickbooks payroll Account accounted 52

CPA Practice

JUNE 13, 2024

Global Relay , the leading provider of electronic communication compliance and archiving solutions, released its second annual Industry Insights Report: Compliant Communication 2024 , discovering that despite a decrease of 15% year-over-year (YoY), WhatsApp bans prevail as the most-commonly used solution (43%) to marshal internal business communications.

52

52

Canopy Accounting

JUNE 13, 2024

What does it mean to unclunk your firm? Join a special BDO demonstration of Canopy's practice management solution to find out. The demo will feature insights and reactions from BDO member Lera Kooper of Accountability Solutions, who is also a Canopy customer.

Account 52

Account accounted accountant 52

CPA Practice

JUNE 13, 2024

Regions Bank and BILL , a financial operations platform for small and midsize businesses, have launched Regions CashFlowIQ , a digital solution designed to simplify payments and streamline cash-management processes for Regions’ commercial clients. ‍“Businesses are looking for banks that provide more than financing; they want practical solutions to better manage their cash flow.

accounts payable 52

accounts payable accounting and finance accounting software Finance 52

Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

payroll