GrowthForceBlog
FEBRUARY 9, 2024
8 min read Businesses hold two types of assets: tangible and intangible. Most business owners are familiar with their tangible assets, the things of value that they can hold and see like their office building, vehicles, supplies, materials, furniture, equipment, and cash. Intangible assets, however, are just as relevant and even more important for some businesses than tangible assets.
MyIRSRelief
FEBRUARY 9, 2024
When the Internal Revenue Service (IRS) imposes a wage or bank levy , it can create a significant financial strain on individuals and businesses alike. A levy is a legal seizure of property to satisfy a tax debt, and when it comes to wages or bank accounts, the impact is direct and immediate. However, there are avenues for obtaining relief from these levies, and understanding these options is crucial for those affected.
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Accounting Today
FEBRUARY 9, 2024
The 150-hour requirement for obtaining a CPA license has led to a decline in Black and Latino CPAs of up to 26%, according to a research study.
CPA Practice
FEBRUARY 9, 2024
By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) The Kansas City Chiefs, making their second consecutive appearance, are set to play in Super Bowl LVIII against the San Francisco 49ers. As usual, fans are anticipating the commercials and Usher’s halftime show. And there’s also lots of talk about Taylor Swift and Travis Kelce. However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation.
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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.
Accounting Today
FEBRUARY 9, 2024
A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
CPA Practice
FEBRUARY 9, 2024
While job openings remain elevated and talent shortages persist, there is less attrition in the labor force with fewer workers planning to change jobs this year. According to new research from talent solutions and business consulting firm Robert Half, only 36% of workers plan to look for a new job in the next six months, down from 49% in July 2023. Professionals Most Likely to Make a Move (By Generation and Specialization) Generation February 2024 July 2023 Gen Z 55 % 74 % Millenni
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
FEBRUARY 9, 2024
By Erin Adler, Star Tribune (TNS) CliftonLarsonAllen (CLA) has signed a 16-year lease for a space to train employees at the Viking Lakes campus in Eagan, with plans to invest $10 million in its new “connection center.” CLA will be located near the e-sports space and the Longship at Viking Lakes co-working area and the Viking Lakes Innovation Center.
Cherry Bekaert
FEBRUARY 9, 2024
Grant recipients, and hopeful recipients, are often overwhelmed by the management aspect of their funds. On this episode, Cherry Bekaert experts provide insight on key considerations for a comprehensive grant budget. Kimberly Konczack, an Advisory Manager at Cherry Bekaert, hosted Shuo Zhang, Manager, and Kat Kizior, Senior Associate, to discuss their experience with grants management at state and local organizations, grant budgets and the importance of planning.
Nancy McClelland, LLC
FEBRUARY 9, 2024
(c) NATP If you’re a regular reader, you already know that I’m a huge fan of the National Association of Tax Professionals (NATP), for a bunch of reasons: Fabulous and affordable education with top-notch instructors Straightforward “how-to” resources Practical monthly newsletter with case-studies On-demand “pay as you go” research service And a very fun group of folks at the annual conference!
Going Concern
FEBRUARY 9, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Accounting Today
FEBRUARY 9, 2024
Schneider Downs launches SD Digital; Bowers CPAs & Advisors relocates in Rochester; and more news from across the profession.
Ronika Khanna CPA,CA
FEBRUARY 9, 2024
The first important year end deadline for corporations , with employees, is the end of February. Salary declarations including T4 and RL1 (in Quebec) slips and summaries have to be filed with CRA and RQ. While there are numerous payroll software that handle the filing of the T4 and RL1 slips , the RL1 summary is usually left to the employer (and/or their accountants) to file.
Randal DeHart
FEBRUARY 9, 2024
As a construction business owner, improving productivity is essential to your company's success. But you may often find yourself pulled in different directions by competing responsibilities. At some point, we all experience that. Classifying tasks and tackling the most time-consuming ones can feel daunting. But why is it so hard for us to start – or even finish – seemingly insignificant tasks?
Accounting Today
FEBRUARY 9, 2024
Plus, Schneider Downs launches SD Digital group; and other updates from the accounting technology world.
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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.
Withum
FEBRUARY 9, 2024
The transfer pricing landscape constantly evolves with rapidly changing IRS policies and procedures and greater efforts directed towards effective enforcement and identifying noncompliance among taxpayers. Last October, the IRS announced that we could expect new enforcement initiatives using the Inflation Reduction Act (IRA) funding, including a “large foreign-owned corporations transfer pricing initiative.
Accounting Today
FEBRUARY 9, 2024
The Internal Revenue Service revised its frequently asked questions page on the Premium Tax Credit used for buying health insurance through the ACA marketplaces.
GrowthForceBlog
FEBRUARY 9, 2024
7 min read With the automation afforded by modern accounting software and accompanying tools, mistakes and errors are few and far between.
Accounting Today
FEBRUARY 9, 2024
The American Institute of CPAs sent letters to the Treasury and the IRS asking for filing relief for taxpayers affected by major disasters and for more guidance on information returns for grantor trusts.
Speaker: Claire Grosjean
In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.
AccountingDepartment
FEBRUARY 9, 2024
We are thrilled to announce that Episode 12 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.
Accounting Today
FEBRUARY 9, 2024
Many downstream accounting tech solutions are simply not ready for full automation and AI-powered transactions.
Going Concern
FEBRUARY 9, 2024
A recent piece in Hartford Business talks about accounting firm mergers and the aging partners driving all this M&A activity. The TLDR is tons of firms are looking to sell, not many are eager to buy. Here are a few bullet points for you to chew on: Drew Andrews, managing partner and CEO of Hartford-based accounting and consulting firm Whittlesey, said the main factor driving mergers is the significant number of smaller firms with aging partners who are looking toward retirement, but don’t ha
CPA Practice
FEBRUARY 9, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss the Acumatica Summit, which they attended in Las Vegas in late January. Acumatica offers an intuitive cloud ERP for businesses. Use the podcast player below to listen to the podcast. Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Brian F. Tankersley, CPA.CITP, CGMA, Randy Johnston Randy Johnston 00:03 Well, good day, and welcome to the counting Technology Lab.
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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.
Accounting Today
FEBRUARY 9, 2024
The short report by Muddy Waters accuses Fairfax of manipulating asset values to the point that a "conservative adjustment" would reduce its book value by roughly $4.5 billion, or 18% lower than reported.
Withum
FEBRUARY 9, 2024
As conversations continue over due diligence for technology companies, it is prudent we build off of Key Areas of Due Diligence for Technology Companies from 2023 and work our way into the forecast ahead in 2024. Podcast Spotlight: Due Diligence for Technology Companies Listen in to this episode of The Capital Table as Steve Brady , Market Leader of Transaction Advisory at Withum, and John Schrumpf , Transaction Advisory Manager, discuss key areas of due diligence for technology companies.
SchoolofBookkeeping
FEBRUARY 9, 2024
As tax season kicks into high gear, Intuit QuickBooks is reinforcing its commitment to supporting accounting professionals and their small business clients. In a recent press release, Intuit announced a series of updates aimed at simplifying tax filing processes, reducing stress for accountants, and enhancing overall platform reporting capabilities.
Withum
FEBRUARY 9, 2024
Most of us don’t have hundreds of thousands, millions or even billions of dollars at our disposal to purchase our favorite sports team. However, it is a dream for many sports fans to fantasize about owning a sports team. This dream is becoming reality for some wealthy fans. Some investors are willing to spend significant amounts of money to acquire a small ownership in their favorite sports team.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
CPA Practice
FEBRUARY 9, 2024
Collecting, validating, storing, and renewing exemption certificates is a challenge for many tax and finance departments. Yet some tax teams have reduced if not eliminated the burden of exempt transactions. What’s their secret? What’s the most effective way for tax and finance departments to handle tax-exempt sales? Avalara and Hanover Research teamed up to find out.
ThomsonReuters
FEBRUARY 9, 2024
As we look to the future, the path of ambient AI goes beyond the workplace, affecting our daily interactions and experiences. AI-enabled self-driving transportation, real-world trials, and deployments are coming soon, shaping logistics, delivery vehicles, and Uber-like services. AI will become a vital part of our lives, subtly influencing how we operate without being obvious.
Canopy Accounting
FEBRUARY 9, 2024
A new challenge faces the rapidly-changing accounting industry: how to bridge the gap between client expectations and reality. In fact, a staggering 72% of clients in the financial industry consider personalization and convenience as crucial factors influencing their overall satisfaction with a company.
Cherry Bekaert
FEBRUARY 9, 2024
Environmental, Social and Governance (ESG) practices have increasingly become a touchpoint in every element of the business lexicon. Much like digital transformation, sustainability transformation is a necessary business initiative to remain relevant and competitive. Corporate social responsibility efforts, once keenly focused on business ethics, community support, and positive economic growth, now turn toward environmentalism and building a sustainable and resilient future.
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Managing bookkeeping and tax can be challenging for businesses of all sizes. Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month. Open monthly communication and an easy-to-use online chat with your bookkeeper provide consistent support and seamless management.
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