Accounting Insight
APRIL 8, 2024
New research from people management and payroll platform Employment Hero shows smaller payroll providers in the UK risk being left behind thanks to a distrust of AI and automation. The survey of 495 payroll providers – including accountants, bookkeepers, and outsourced payroll firms – found just one in five (19%) thought automation of their work would “significantly increase” in the next year.
CPA Practice
APRIL 8, 2024
With the increasing complexity of tax laws and regulations, tax professionals are constantly facing challenges in keeping up with the ever-changing landscape. CPA Pilot ‘s AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly. This enables tax professionals to prioritize strategic tasks. CPA Pilot allows tax experts to focus on strategic and value add tasks for their clients and reduce the intensity of tax season.
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Accounting Today
APRIL 8, 2024
The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.
CPA Practice
APRIL 8, 2024
By Kathryn Pomroy, Kiplinger Consumer News Service (TNS) The idea of a comfortable retirement just got a lot more expensive, and for some, it may be entirely out of reach. Most retired Americans believe they will need nearly $1.5 million in the bank to retire comfortably, according to a new study. The majority of retirees surveyed believe that they will need $1.46 million in the bank to retire comfortably, according to Northwestern Mutual’s 2024 Planning & Progress Study.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Insightful Accountant
APRIL 8, 2024
The formal applications submitted by Top 100 ProAdvisors contain a wealth of information. Part of that information reflects how these 'Pros' interact with apps and software. Here's my first look at the 2024 Domestic data.
Accounting Today
APRIL 8, 2024
Here are some tips for showing your appreciation to your staff in the closing days of tax season.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
KROST
APRIL 8, 2024
KROST’s Restaurant Practice Leader, Jean Hagan, is attending the Restaurant Leadership Conference on April 14th – 17th. The conference will be held at the JW Marriott Pheonix Desert Ridge Resort & Spa in Phoenix, Arizona. The exclusive four-day event is packed with learning sessions, networking, innovative forums, exhibitor booths, educational speaker sessions, and much more.
Xero
APRIL 8, 2024
As nearly a thousand of our employees around the globe down tools this week for one of our twice-yearly hackathons, I’ve been reflecting on the purpose and benefits of this practice. Hackathons have been a fixture in the tech world for decades. But today the concept is widely utilised in fields as diverse as businesses, healthcare, education and social impact to solve some of the world’s most pressing issues.
Going Concern
APRIL 8, 2024
The Association of Chartered Certified Accountants (ACCA) recently published some results from a survey of more than 6,500 finance professionals , the bulk of them auditors, from 150 countries and while the entire thing is packed with fascinating (if predictable) results, two areas in particular are crying out to be highlighted. Under the “Remuneration” section , the two sections below cover salary satisfaction.
Accounting Today
APRIL 8, 2024
The Treasury Department reported increasing usage of the Internal Revenue Service's free Direct File tax-filing system that they've been pilot testing in a dozen states this tax season.
Advertiser: Paycor
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CPA Practice
APRIL 8, 2024
By Tyler Moffitt. Tax season – an already stressful time for Certified Public Accountants (CPAs) – has been made even more stressful by tax scams. While digital services have improved the tax return experience and streamlined more mundane accounting tasks so CPAs can have more time to serve their clients, cybercriminals and groups have taken advantage of the technology shift to exploit tax returns and other digital tax documents.
Accounting Today
APRIL 8, 2024
Marc Rosenberg and Kristen Rampe look back at three decades of change in the accounting profession — and what lies ahead.
CPA Practice
APRIL 8, 2024
The Financial Accounting Standards Board (FASB) on April 3 named 11 members to its newly reconstituted Emerging Issues Task Force (EITF). The task force, formed in 1984 , assists the FASB in improving financial reporting by identifying and developing proposed solutions to address narrowly scoped financial accounting issues within the framework of the FASB Accounting Standards Codification.
Accounting Insight
APRIL 8, 2024
New trends and technologies are revolutionising the field of accounting. Gone are the days of financial experts crouched over dusty ledgers or spreadsheets, crunching numbers. Today’s accountants wholeheartedly adopt innovative tools like accounting software, automation, and blockchain technology. Let’s take a closer look at the latest trends redefining the accounting industry.
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.
CPA Practice
APRIL 8, 2024
In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA), together with 54 state CPA societies, expressed serious concerns with the rollout and push to implement FinCEN’s Beneficial Ownership Information reporting requirement without regard for the impact to the small business community.
Accounting Today
APRIL 8, 2024
The Securities and Exchange Commission has temporarily stayed its climate-related disclosure rule amid a rash of lawsuits.
Insightful Accountant
APRIL 8, 2024
The IRS has some important reminders for taxpayers who haven’t filed yet.
Accounting Today
APRIL 8, 2024
Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values.
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
LSLCPAs
APRIL 8, 2024
Back in February we were happy to tell you about the House passing a bill with several taxpayer friendly provisions. That blog post is here. Unfortunately, the prospects of Senate passage are dimming. We’ll give you our reasoning and advice shortly, but first here’s a quick recap of what the bill included: An increase in. The post Taxpayer-Friendly Bill Stalled in Senate: Next Steps appeared first on LSL CPAs.
CPA Practice
APRIL 8, 2024
Voting for the two matches that will determine who moves on to the championship game of the 2024 Accountant Bracket Challenge, presented by Accounting High, has begun and lasts through April 9. In the Education Category , 1 seed Jason Staats/Jason Daily Podcast is taking on 6 seed Bookkeeping Side Hustle. And in the Applications Category , 3 seed RightTool is up against 4 seed Gusto.
Accounting Today
APRIL 8, 2024
More than 70 of the Internal Revenue Service's assistance centers will be open for walk-ins from 9 a.m. to 4 p.m.
Accounting Insight
APRIL 8, 2024
CIPP’s CEO, Jason Davenport, believes that now’s the time to invest in your payroll departments! ‘With legislation changing every year, it is essential to ensure your payroll team is qualified and their skills are up to date’ he said in March’s Manufacturing Today magazine. He goes onto to say ‘There are a lot of businesses out there that may not be compliant, not deliberately so, just by virtue of not understanding how and when to apply the rules.
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.
CPA Practice
APRIL 8, 2024
A new report shows that consumers who take out small loans using cash advance apps may pay triple-digit annual interest rates, experience high levels of repeat reborrowing, and incur more bank overdraft fees after starting to use the products. The report, titled “Not Free: The Large Hidden Costs of Small-Dollar Loans Made Through Cash Advance Apps,” from the Center for Responsible Lending (CRL), analyzes the transactions associated with five companies – Brigit, Cleo, Dave, EarnIn, and FloatMe –
Accounting Insight
APRIL 8, 2024
Come and say hello to our team and see how the CIPP can support you and your team. Plus, we have an unmissable offer for Accountex delegates over the two-day event. Sign up for a CIPP membership on our stand and we will waiver the sign-up fee of £50 plus you will receive a free gift that supports your day-to-day! Membership with the CIPP also offers you great benefits such as our monthly magazine, discounts on training courses, free events throughout the year and of course, calls to our knowledg
CPA Practice
APRIL 8, 2024
Bloomberg Tax & Accounting has launched its next generation suite of integrated solutions that modernize the corporate tax process, from data collection to tax calculations that power key deliverables. These connected applications solve tax professionals’ day-to-day workflow issues, transforming disjointed, manual processes into a seamless workflow and providing intelligence exactly where users need it.
Withum
APRIL 8, 2024
Download our white paper today and discover how alternative approaches like outsourcing could be the missing piece in your ESG puzzle. Download Guide Regulatory changes and stakeholder pressures are driving organizations to take action on ESG reporting and compliance, but navigating this complex landscape can be overwhelming. Whether it’s understanding new compliance standards or gathering accurate data for reporting, our new white paper provides valuable insights into overcoming these cha
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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.
ThomsonReuters
APRIL 8, 2024
The mounting stress experienced by tax professionals related to the tax provision process is a double-edged sword. It can cause anxiety, but may also present tremendous opportunities, according to panelists for the Thomson Reuters webinar: “ From Compliance Necessity to Strategic Advantage: How can you master the tax provision process?” “The tax profession, overall, is facing some significant changes,” says Kelley Lear , Vice President, Partnerships & Alliances, Thomson Reuters, pointing to
Cherry Bekaert
APRIL 8, 2024
Section 179D Energy-Efficient Commercial Buildings Deduction (section 179D) is an energy tax deduction created to incentivize the adoption of clean solutions in commercial buildings. Originally intended for the commercial industry, not-for-profit organizations are now able to take advantage of this notable tax deduction if they invest in energy-efficient improvements.
Accounting Today
APRIL 8, 2024
The Internal Revenue Service clarified the treatment of money paid for energy-efficient property and improvements in Announcement 2024-19.
VJM Global
APRIL 8, 2024
Appeal against order of any authority can be filed by the party aggrieved by the order, i.e., the Assessee or the Department. Filing of appeal involves lots of cost and effort and also takes up the time of the judicial authority. Assessee files appeal after considering various factors such as amount of pre-deposit required, amount involved in dispute, time factor etc.
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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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