AccountingDepartment
DECEMBER 13, 2023
With a new year just around the corner, it's time for organizations to start thinking about their budgets for 2024 - if they haven't already. Effective budgeting and planning are critical to the success of any business. It helps in making smart financial decisions, optimizing resource allocation, and achieving business objectives.
Accounting Today
DECEMBER 13, 2023
The Internal Revenue Service has reorganized its leadership structure at the top, with a single deputy IRS commissioner instead of two, and four chief executives to lead taxpayer service, compliance, information technology and operations.
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CPA Practice
DECEMBER 13, 2023
By Mike D’Avolio, CPA, JD. The Inflation Reduction Act of 2022 was signed into law on Aug. 16, 2022, providing numerous tax deductions and tax credits for individuals, families and businesses. New tax incentives were added, and existing tax incentives got extended and enhanced. This article covers two home energy tax credits for your individual clients to take advantage of by saving money on their tax returns and conserving energy to help out the environment.
Accounting Today
DECEMBER 13, 2023
The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
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
CPA Practice
DECEMBER 13, 2023
A new leadership structure at the IRS will include a single deputy commissioner, instead of two, and four new IRS chief executives who will oversee taxpayer service, tax compliance, IT, and operations. Plans for the new leadership depth chart were unveiled by IRS Commissioner Danny Werfel on Wednesday. The agency noted this is the first shake-up to its leadership structure in more than two decades.
Accounting Today
DECEMBER 13, 2023
The International Federation of Accountants wants organizations to combine sustainability reporting with their existing internal control and governance frameworks.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Insightful Accountant
DECEMBER 13, 2023
Fashion shoe brand Manolo Blahnik uses NetSuite to enhance supply chain efficiency, consolidate financial processes, and improve visibility into its growing global operations.
CPA Practice
DECEMBER 13, 2023
By Alex Loewenstein. Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. Busy season is prime time for client engagement, which means there’s a major opportunity for firms to position themselves for client advisory services (CAS).
Insightful Accountant
DECEMBER 13, 2023
Today, BILL unveiled new features for its SMB financial automation software, including a redesigned interface, customizable spend limits, consolidated spend controls, and streamlined budget management.
CPA Practice
DECEMBER 13, 2023
By Mark Webster. In 2023, the pursuit of side hustles reached an all-time high over the past two decades, as revealed by a recent study from Authority Hacker. This surge can be attributed to several factors: inflation has gone up, but the average American’s wages have stayed the same for decades. On top of that, 49% of adults have less savings compared to a year ago, and 22% have no emergency savings at all, according to Bankrate’s 2023 Emergency Savings Report.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Shay CPA
DECEMBER 13, 2023
By Scott Rosenblum As we head into 2024, founders might be reviewing revenue goals, hiring, operational costs, taxes, and marketing spending. Some may also be considering adding Public Relations to that spend to help build brand awareness. Most founders hear that they need to consider PR, but a majority don’t really understand what that entails. Some experience a lucky break with inbound, organic media coverage and have gotten a taste of how positive publicity can boost a company’s marketing e
Canopy Accounting
DECEMBER 13, 2023
Stephen Smith delves into creating a distinctive niche through partnerships and technology all while finding a work-life balance.
Going Concern
DECEMBER 13, 2023
Well it’s about that time, time for us to start s g out “best of” lists to cover for the fact that we’ve been phoning it in since mid-November (…of 2014). The stories below aren’t necessarily our best in the traditional sense nor were they strictly the most popular, they’re just my favorites for the year. Before I look back on what I think were the best posts (ranked arbitrarily by me), allow me to resurrect this post from January 7: Let’s Start the Year
Xero
DECEMBER 13, 2023
In the early 2000s, accessing the internet was through a dial-up connection which could take anywhere from 30 seconds to a couple of minutes to establish a connection. In 2023, generative AI tools can generate poems, short stories and complex legal and medical documents in a matter of seconds. The pace of technological change is accelerating and it’s reshaping just about every aspect of how we live, work, socialise and play.
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SkagitCountyTaxServices
DECEMBER 13, 2023
Crazy to think there are only two more weeks until Christmas and only three more weeks left of 2023. There’s a lot of joy still to be had and opportunities for your Skagit County business to increase revenue And, while the rest of us are checking off our holiday shopping lists, the IRS is continuing its aggressive focus on checking off false ERC claims.
GrowthForceBlog
DECEMBER 13, 2023
Nonprofit financials are often more difficult to manage than for-profits. Here are some of those challenges and what to do.
Accounting Today
DECEMBER 13, 2023
What good is a door you don't close? What's the point of going through all the trouble of having a secure space if someone can just walk right in?
CPA Practice
DECEMBER 13, 2023
StanfordTax is eliminating the time-consuming and inefficient process of creating tax organizers for accountants and tax professionals with a platform driven by artificial intelligence (AI). The new features help eliminate inefficiencies and inaccuracies in the preparation of client tax organizers. The technology consolidates data from 30-plus tax source documents including 1099s, W-2s, K-1s and others, then integrates seamlessly with all major tax software to complete and send the client organi
Advertiser: Paycor
HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.
Accounting Today
DECEMBER 13, 2023
The Securities and Exchange Commission approved the 2024 budget of the Public Company Accounting Oversight Board, totaling $384.7 million, with an accounting support fee totaling $358.8 million.
CPA Practice
DECEMBER 13, 2023
The Financial Accounting Standards Board ( FASB ) has published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of certain crypto assets. “The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the board,” stated FASB Chair Richard R.
Accounting Today
DECEMBER 13, 2023
Many students lack the financial resources to pay the tuition and fees needed to become CPAs, according to a new report.
CPA Practice
DECEMBER 13, 2023
BILL, a financial operations platform for small and midsize businesses, has announced new features for its Spend & Expense solution, formerly known as Divvy , to help SMBs and accounting firms gain even greater visibility and control of their business finances. The latest capabilities, complete with a budgets interface redesign, include additional ways to customize spend target limits, consolidate controls to manage spend easier, and group budgets to streamline management of multiple budgets
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.
Accounting Today
DECEMBER 13, 2023
Right now, the accountants at the center of the growing talent crisis are cautiously optimistic on the potential of generative AI.
CPA Practice
DECEMBER 13, 2023
The American Institute of CPAs has submitted a comment letter to the Internal Revenue Service related to extension requests filed by disaster victims for business. Section 1033 of the Internal Revenue Code allows taxpayers who lose a home or business in a major disaster a certain amount of time to replace their property with no taxable gain being recognized.
Accounting Today
DECEMBER 13, 2023
Italy's finance police had claimed that the company failed to pay taxes on about €3.7 billion of rental revenue and claimed that the company owed about €779 million after an audit of the tax years from 2017 to 2021.
CPA Practice
DECEMBER 13, 2023
By Adam Taylor. In the world of entrepreneurship, setbacks are often part of the journey. For prospective entrepreneurs who have faced past challenges, the road to establishing their dream business may seem daunting. However, with the right approach and mindset, it is entirely possible to turn past setbacks into valuable lessons and propel your entrepreneurial dreams forward.
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
Withum
DECEMBER 13, 2023
One measure of a great person is the legacy they leave behind. A person who positively impacted many people in their family and others they came in contact with is someone who had a rich and valuable life. These people should be emulated and their memory treasured. These are comments normally made about someone who passed away. However, what we do while we are still around determines what will be said afterward, and this is a situation you can always do something about.
CPA Practice
DECEMBER 13, 2023
The American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) together as the Association of International Certified Professional Accountants (the Association) submitted comments to the US Department of the Treasury this week in response to a request for comments on the draft Organisation for Economic Co-operation and Development (OECD)/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One (Pillar One MLC) and accompanying docum
LSLCPAs
DECEMBER 13, 2023
In the past couple of months, several of our clients have contacted us to let us know that they have become the victims of external fraud schemes, often involving vendor personnel. External frauds from individuals or groups within—or posing as vendors—is a common and increasing problem for many organizations, but there is a way to. The post 3 Ways to Prevent Vendor Fraud in Your Local Government Finance Department appeared first on LSL CPAs.
Accounting Today
DECEMBER 13, 2023
E-invoicing is a reality that businesses must grapple with — and not only in the EU.
Advertiser: Paycor
Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.
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