CPA Practice

MAY 17, 2024

As the spring conference season has begun, connecting with long-term friends and making new acquaintances at the G400, BDO, and other events has been good. As of this writing, I’m particularly anticipating the CPA Practice Advisor Mashup event at AICPA Engage, where I’ll present a version of Tech Update, which is the motivation for this column. Perhaps watching the aurora borealis and other circumstances of this year has made me reflective, but I suspect it is the anticipation of what is new.

Technology 59

Technology accounting firms Account accountant 59

RogerRossmeisl

MAY 17, 2024

Commencing in 2024, individuals who possess short-term rentals (such as rentals facilitated by platforms like Airbnb) will be required to fill out the newly introduced Form BOE-571-STR, known as the Short Term Rental Property Statement, in order to disclose their business personal property. Business personal property is typically subject to annual reappraisal, unlike real property.

California 130

California CPA Tax business tax 130

SMBAccountant

MAY 17, 2024

Are you a small business owner seeking expert guidance on accounting practices? Navigating the complexities of financial management is crucial to the success of any business. Establishing a core understanding of key accounting principles not only instills confidence but also ensures compliance with accounting and government regulations. Our checklist will guide you through some key items to consider when setting up your business and best practices for those already in operation.

accounting software 130

accounting software Legal tax return financial statements 130

Accounting Today

MAY 17, 2024

The Illinois CPA Society's "Re-Decoding the Decline" report shows that time is the top barrier to CPA licensure, not the 150 credit-hour rule.

Illinois 136

Illinois CPA cpas Account 136

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

Going Concern

MAY 17, 2024

Sad? Sad prediction: AI and offshoring are going to wreck the accounting profession in the next decade. Combine that with the pain every company has with this function and it’s a recipe for economic disaster. — Michael Girdley (@girdley) May 14, 2024 There are two types of people: those who don’t find this sad (only accountants fall into this category) and those outside of the profession who think bookkeepers and payroll clerks (RIP) are what make up “the accounting profession.

Account 125

Account accountant accounted institute of chartered accountants 125

Accounting Today

MAY 17, 2024

Association for Accounting Marketing distributes slew of awards at annual AAM Summit; VSCPA announces officers and board of directors; and more news from across the profession.

Account 115

Account accountant accounted 115

Accounting Today

MAY 17, 2024

The Club for Growth Foundation, whose members have sparred with Trump advisors on economic policies, says its corporate tax cut plan — as well as a corresponding push for deregulation — are aimed at bolstering U.S. manufacturing.

Tax 112

Tax corporation tax Manufacturing tax planning 112

GrowthForceBlog

MAY 17, 2024

9 min read May 17th, 2024 Cash flow optimization is essential to the survival, growth, and success of every business. Healthy cash flow is so vital to business operations that mismanaged cash flow is the top reason businesses fail, according to the United States Chamber of Commerce.

Account 76

Account accountant accounted 76

Accounting Today

MAY 17, 2024

Plus, Lettuce launches AI-powered tax tool for sole proprietors; Lili touts "Accountant AI" bot; and other accounting technology news and updates.

Technology 115

Technology Tax Account accountant 115

Patriot Software

MAY 17, 2024

You must know each employee’s hours worked to run payroll. To do that, you must calculate hours worked. So, what does the process of calculating hours worked look like? Learn how to calculate hours worked step-by-step below, plus get an in-depth example. *I don’t want to do the calculations.

payroll 76

payroll 76

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.

Accounting Today

MAY 17, 2024

Test your accounting knowledge on bad social media advice, AI adoption, and more. No. 2 pencil not required!

Account 124

Account accountant accounted 124

AccountingDepartment

MAY 17, 2024

Andrea engages in a candid conversation with ADC co-founder Bill Gerber, exploring the pivotal decision-making process behind delegating tasks for business growth.

accounting careers 73

accounting careers Account accountant accounted 73

Accounting Today

MAY 17, 2024

Insights into the IRS's progress on the Form 1099-DA and forthcoming regs on crypto asset reporting.

Tax 114

Tax 114

CPA Practice

MAY 17, 2024

Canopy, a firm-wide operating system that helps accounting firms, has raised $35 million in an oversubscribed round of venture funding. The round was led by Ten Coves Capital and Ankona Capital, with participation from Pelion Venture Partners, Tenaya Capital, and NewView Capital. The $35 million investment will be channeled towards doubling down on Canopy’s vision for leveraging AI to make firms exponentially more efficient.

accounting firms 69

accounting firms Account accountant accounted 69

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

Accounting Today

MAY 17, 2024

One man, in the eyes of Donald Trump, is a "money machine." The other is a guy named "Scott.

Tax 112

Tax 112

CPA Practice

MAY 17, 2024

Karen Garcia Los Angeles Times (TNS) In the fifth straight week of layoff announcements, Tesla said it is now concentrating on reducing staff at its Bay Area facilities as part of a larger move to cut jobs globally. State filings show that Tesla is planning to lay off 378 employees at its Fremont, California, facilities and 233 at its Palo Alto offices.

California 59

California Sales 59

Accounting Today

MAY 17, 2024

A professional brings objectivity to dicey conversations between relatives as well as experience navigating the substantial work involved with transferring assets, experts say.

Tax 90

Tax 90

CPA Practice

MAY 17, 2024

London-based accounting and payroll solutions company IRIS Software Group said on Wednesday it had acquired Swipeclock, a provider of cloud workforce management solutions, such as WorkforceHub and ApplicantStack, for small and medium-sized businesses. Financial terms of the deal weren’t disclosed. Swipeclock, based in South Jordan, UT, will operate as an independent business within IRIS Software, according to a media release.

Utah 59

Utah payroll Account accountant 59

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

MAY 17, 2024

These investment vehicles present obstacles that require a deep understanding of the real estate industry and robust financial expertise.

Real Estate 88

Real Estate audit 88

CPA Practice

MAY 17, 2024

Nick Wooten The Dallas Morning News (TNS) North Texas is home to five of the 15 fastest-growing cities in the country, according to new data from the U.S. Census Bureau. Of cities and towns with a population of at least 20,000 people, Celina topped the list with a 26.6% population increase in the 12 months between July 2022 and July 2023. Its growth rate was more than 53 times higher than the nation’s growth rate of 0.5%.

Texas 52

Texas Start-ups 52

Insightful Accountant

MAY 17, 2024

Accounting Insiders guests Dawn Brolin and Rhonda Shurter from ADP. Rhonda, the Senior Director of Product Management at ADP, highlighted Accountant Connect features for industry trends and efficiency.

Account 52

Account accountant accounted 52

Withum

MAY 17, 2024

The pursuit of a favorable CDP score has become a defining element of sustainability programming in businesses worldwide. Now, CDP has grown to over 23,000 corporations disclosing their environmental data annually, which includes over 80% of the Fortune 500. The factors fueling CDP’s becoming one of the most prominent sustainability reporting frameworks include a push for enhanced transparency in environmental reporting, companies setting ambitious sustainability goals and asking for suppo

CPA 52

CPA Sales 52

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

MAY 17, 2024

Prior to the widespread adoption of ecommerce, handling sales and use tax was relatively feasible for businesses, especially those with limited customer bases or geographical scopes. This typically involved reporting to a small number of jurisdictions and dealing with occasional changes in sales tax rules or rates. Nevertheless, certain aspects of the process, such as managing sales tax exemption certificates, could still be intricate and difficult.

Sales 52

Sales Tax Technology audit 52

ThomsonReuters

MAY 17, 2024

Employee retention is a pivotal concern for organizations across industries, as high turnover rates can significantly undermine productivity, morale, and profitability. Human resource (HR) and payroll professionals play a crucial role in implementing strategies and leveraging data-driven insights to foster a positive work environment and mitigate attrition risks.

payroll 52

payroll Tax Account accountant 52

CPA Practice

MAY 17, 2024

Prashant Gopal Bloomberg News (TNS) Mortgage rates in the U.S. eased further, relieving some pressure on buyers forging ahead in a tough U.S. housing market. The average for a 30-year, fixed loan was 7.02%, down from 7.09% last week, Freddie Mac said in a statement Thursday. It’s the fifth-straight week with mortgage rates above 7%. While the recent pullback helps to ease financing challenges for some buyers, mortgage rates are still double what they were in early 2022.

accounting and finance 52

accounting and finance Finance Account accountant 52

Insightful Accountant

MAY 17, 2024

Canopy has secured $35-million in funding to enhance their AI-powered Practice Management software for Accounting Firms.

accounting firms 52

accounting firms Account accountant accounted 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

MAY 17, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, look at MakersHub.ai , an automated AP system serving construction, construction services, industrial contractors, automation, and manufacturers, as well as bookkeepers and accounting professionals who serve these clients. Use the video player below to watch, or the podcast player below to listen to the podcast.

Technology 52

Technology Account accountant accounted 52