IRS collects $1B from millionaires
Accounting Today
JULY 11, 2024
The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.
Accounting Today
JULY 11, 2024
The agency is hoping to counter a widespread impression that people can get away without paying their taxes, according to Commissioner Werfel.
Going Concern
JULY 11, 2024
Announced 24 minutes ago via press release : Aprio (or the “Company”), a leading business advisory and accounting firm, today announced that it has received a strategic investment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business.
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CPA Practice
JULY 11, 2024
Workiva Inc., a provider of assured integrated reporting, has added the Global Internal Audit Standards to the Workiva platform, making it the first SaaS company to incorporate the newest standards into its suite of GRC (governance, risk, and compliance) solutions. Released by the Institute of Internal Auditors (The IIA), the Global Internal Audit Standards are designed to equip internal audit professionals to respond to emerging business challenges and engage with board members and executives a
AccountingDepartment
JULY 11, 2024
Running a small to medium-sized business (SMB) comes with its own set of challenges and rewards. One of the most pivotal aspects of ensuring your business's success is strategic financial planning. While it might seem daunting, mastering this process can propel your business growth and profitability to new heights. This blog post will walk you through the critical steps in strategic financial planning tailored specifically for SMB owners.
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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
Insightful Accountant
JULY 11, 2024
MyWorks is an eCommerce integration app that can connect QuickBooks Online, QuickBooks Desktop, and Xero with WooCommerce and Shopify. Murph would like to make you 'App' aware of this highly functional tool if you're looking for an eCommerce app.
CPA Practice
JULY 11, 2024
insightsoftware (lowercase spelling intentional), a provider of solutions for the Office of the CFO, has acquired LeaseAccelerator , a leading provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management. The acquisition extends insightsoftware’s market reach in the U.S. and enhances its lease accounting and administration solutions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JULY 11, 2024
Andersen Global has added valuation capabilities in Africa and strengthened its overall regional coverage through the addition of two new collaborating firms – Nelson Thorpe Alonge in Nigeria, and Valeo Capital in South Africa. These additions mark Andersen’s first valuation service offerings in Africa, adding to the firm’s global valuation service offerings in North America, Europe, Latin America, the Middle East, and Asia.
GrowthForceBlog
JULY 11, 2024
7 min read July 11th, 2024 Over the last several years, it seems that the world has been turned upside down and right side up and back again. This shakeup has caused our society to change fundamentally. Key Takeaways Nonprofits Struggle to Keep Donors Engaged: According to OneCause's 2023 Fundraising Outlook Report, the two top challenges reported were donor engagement and donor fatigue, followed closely by recurring giving and donor retention.
Accounting Today
JULY 11, 2024
Action; very little cash; not from around here; and other highlights of recent tax cases.
SkagitCountyTaxServices
JULY 11, 2024
Remember that noncompete ban I told you about a while back? The ban that was originally supposed to take effect on September 4 has been temporarily paused. You already know the implications of this ban for your business: vulnerability to head-hunting, higher salary costs, and even trade secrets being put at risk. You can take a breath for now. We’ll keep you posted on whether you’re facing those issues or not.
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Accounting Today
JULY 11, 2024
insightsoftware announced it has acquired lease accounting solutions provider LeaseAccelerator, its third acquisition this year.
Cherry Bekaert
JULY 11, 2024
R&D Tax Credit FAQs: What Is the Research and Development (R&D) Tax Credit? What Activities Qualify for the R&D Tax Credit? What Types of Expenses Are Eligible for the R&D Tax Credit? My Company Performs Research and Development Work for Other Companies. Could These Activities Qualify? What Are the Benefits of R&D Tax Credits? Can I Claim R&D Tax Credits for Prior Years?
Accounting Today
JULY 11, 2024
After my last column about spreading out the tax season, several readers contacted me to share their experiences about making busy season more sane.
Cherry Bekaert
JULY 11, 2024
Contributor: Jason Callaham, Senior Manager What Is a Community Development Financial Institution (CDFI)? Community Development Financial Institutions (CDFIs) are financial institutions that aim to serve and empower low-income communities by providing affordable financial products and services to individuals and small businesses who may not have access to traditional banking services.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Accounting Today
JULY 11, 2024
The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.
Going Concern
JULY 11, 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 top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. TAX CANDIDATES FTE Senior Tax Accountant | Candidate ID #21978847 Certifications: CPA Education: BS Accounting, MS Accounting – Taxation Experience (years): 3
Accounting Today
JULY 11, 2024
The International Auditing and Assurance Standards Board issued new advice for auditing smaller companies.
CPA Practice
JULY 11, 2024
Hosts Randy Johnston and Brian Tankersley, CPA, discuss a newly-formed relationship between QuickFee and Knuula. Use the video player below to watch, or the podcast player below to listen to the podcast. Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Brian F. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Cherry Bekaert
JULY 11, 2024
What Are the Next Steps With Processing Employee Retention Credits (ERCs)? On June 20, 2024, the Internal Revenue Service (IRS) published IRS enters next stage of Employee Retention credit work; review indicates vast majority show risk of being improper (IR-2024-169). This IRS publication shares the next steps for the processing of ERC claims, although they have not lifted the moratorium on the processing of claims submitted after September 14, 2023.
Ace Cloud Hosting
JULY 11, 2024
Did You Know? This data from Fit Small Business shows how QuickBooks is widely used worldwide and is highly reliable and popular for managing financial functions like income, expenses, employee.
Insightful Accountant
JULY 11, 2024
Intuit has announced that it is laying off 1,800 employees.
FraudFiles
JULY 11, 2024
I would like to think that most companies are committed to doing business honestly. They try to do the right thing, and when a problem is found, they try to correct it quickly. Even when a scandal is looming, I hope most companies would want to find the truth as fast as possible and take [.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
CPA Practice
JULY 11, 2024
The IRS has topped the $1 billion mark in past-due taxes collected from millionaires, the agency said on Thursday. That’s double the amount of back taxes from rich tax cheats the agency has recouped since it provided its last update earlier this year. Danny Werfel “With this collection activity, the IRS passed an important milestone in our effort to improve compliance and ensure fairness in the tax system,” IRS Commissioner Danny Werfel said in a statement on July 11.
Going Concern
JULY 11, 2024
INSIDE Public Accounting ran a little pulse survey last month and asked 84 managing partners at accounting firms with revenue of $15 million or more for their views on the private equity trend sweeping the profession. Despite huge deals making headlines recently — Grant Thornton selling a majority stake to New Mountain Capital , Baker Tilly’s $1 billion deal , and the Aprio private equity deal announced today) — most of the MPs surveyed are skeptical at best, pessimistic at wor
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