Accounting Today
AUGUST 25, 2023
In an era where technological advancements redefine our day-to-day activities, artificial intelligence and machine learning have emerged as transformative forces in various sectors.
CPA Practice
AUGUST 25, 2023
The IRS on Wednesday released an updated applicable percentage table used to determine a person’s premium tax credit for 2024. The Affordable Care Act’s premium tax credit was created to help lower- and middle-income Americans pay for health insurance purchased through the healthcare marketplace ( HealthCare.gov ). Health insurance can also be purchased through some state exchanges.
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Accounting Today
AUGUST 25, 2023
For overpayments and underpayments, the rate will be 8% per year.
CPA Practice
AUGUST 25, 2023
Despite rocky economic conditions and pressures within organizations to cut down on travel costs, business travel is making an unexpected and robust comeback. According to Capterra’s 2023 Travel Survey, 46% of business travelers report going on more trips than before the pandemic—on average, they travel six times a year, with trips lasting about three days.
Advertiser: Paycor
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Accounting Today
AUGUST 25, 2023
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
CPA Practice
AUGUST 25, 2023
The IRS said Friday that interest rates will go up for the fourth quarter of 2023 , which begins on Oct. 1. The last time the agency increased interest rates was for the first quarter of this year when the rate for tax overpayments and underpayments was 7% per year, compounded daily, up from 6% for Q4 2022. Interest rates had stayed the same in Q2 and Q3 of this year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
AUGUST 25, 2023
The proposed regulations offer clarity on reporting rules enacted in 2021 to curb crypto-related tax evasion.
Going Concern
AUGUST 25, 2023
The ranking enthusiasts at INSIDE Public Accounting have dropped their much-anticipated 2023 Best of the Best list and because there’s nothing we at Going Concern love more than a dick revenue-measuring contest, we are thrilled to share the results with you. First, let’s get the “what even is this list” explanation out of the way.
CPA Practice
AUGUST 25, 2023
Becky Livingston has unveiled her latest book, “The B2B Marketer’s Guide to AI: Strategies, Tactics & Tools for Success.” This insightful and timely work marks the author’s fourth published title and aims to bridge the knowledge gap in the intersection of B2B marketing and the ever-evolving world of artificial intelligence. With AI transforming industries at an unprecedented pace, business-to-business marketers can no longer afford to stay on the sidelines.
ThomsonReuters
AUGUST 25, 2023
Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the purpose of making a provision for depreciation? What is the depreciation guidance for corporate alternative minimum tax? Managing corporate tax depreciation Each tax season, business clients turn to their accountant for assistance in navigating corporation tax depreciation and leveraging every tax deduction they can take to min
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Accounting Today
AUGUST 25, 2023
Xero opens submissions for inaugural Beautiful Business Fund; OnBoard launches AI assistant feature; and other news from the accounting technology arena.
ThomsonReuters
AUGUST 25, 2023
Jump to: What is software depreciation? How is software depreciated for tax purposes? Can software be amortized? Internal use vs. external use software Solutions for managing software depreciation for taxes In today’s tech-driven environment, companies need software to efficiently run their business, whether it is software they purchase from an outside source or develop internally.
GrowthForceBlog
AUGUST 25, 2023
7 min read The 43rd Annual Deltek Clarity Architecture and Engineering Study examines industry trends and found that increased employee attrition rates (up 2% year over year) along with elevated labor costs (due to competitive balance) have eaten away at profits, especially in small and medium-sized AEC firms [1].
Accounting Today
AUGUST 25, 2023
Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.
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
AUGUST 25, 2023
Challenge Auto dealerships faced substantial challenges during the COVID-19 pandemic. With state government mandates and other countries closing manufacturing sites, international trade, production, and sales slowly came to a halt. As a result, many dealerships were faced with a tough decision: keep their employees on the payroll despite lower revenues, or risk permanently losing their investment in their staff with temporary layoffs.
Randal DeHart
AUGUST 25, 2023
Ever dreamed of starting a family business? Investing in a franchise opportunity with friends? Businesses owned and operated by families can have incredible staying power. All family-owned companies, Volkswagen, Samsung, and Nike, are among the world's most successful, leading brands. Working with family and friends can be fun and rewarding, especially in the construction industry.
Accounting Today
AUGUST 25, 2023
IMA and EFWA award annual scholarships; Dean Dorton appoints pair of Kentucky market leaders; and more news from across the profession.
Anders CPA
AUGUST 25, 2023
Anders, a Top 100 accounting firm, is excited to announce Missy Kelley has been named the firm’s first Chief Growth Officer (CGO). Anders has seen tremendous growth in recent years and was named a Fastest-Growing Firm in the country by Accounting Today and INSIDE Public Accounting. The CGO will be instrumental in driving strategic growth initiatives, overseeing expansion efforts and pursuing new opportunities for community leadership.
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.
Accounting Today
AUGUST 25, 2023
Keeping the staff you have is just as important as finding new employees, but firms aren't focusing on it enough.
Insightful Accountant
AUGUST 25, 2023
The flagship partner event returns to the US next year in Nashville at the Music City Center, Aug. 14-15. Details inside—with more to come.
Canopy Accounting
AUGUST 25, 2023
Learn solid strategies and principles on how to manage change from big, firm-impacting decisions to smaller changes that may only impact you.
Anders CPA
AUGUST 25, 2023
Anders, a Top 100 accounting firm, is excited to announce Missy Kelley has been named the firm’s first Chief Growth Officer (CGO). Anders has seen tremendous growth in recent years and was named a Fastest-Growing Firm in the country by Accounting Today and INSIDE Public Accounting. The CGO will be instrumental in driving strategic growth initiatives, overseeing expansion efforts and pursuing new opportunities for community leadership.
Advertiser: Paycor
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Accounting Today
AUGUST 25, 2023
Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.
ThomsonReuters
AUGUST 25, 2023
Jump to: What is book depreciation? What is tax depreciation? What are the differences between book and tax depreciation? What is accelerated depreciation? What is book-to-tax reconciliation? Managing book and tax depreciation with software Depreciation. Unlike how other expenses are recorded, this method deducts a portion of the cost of a fixed asset over a number of years due to declines in the fair value of that asset.
Accounting Today
AUGUST 25, 2023
Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.
ThomsonReuters
AUGUST 25, 2023
Jump to: What is tax depreciation on rental property? What are the depreciation systems? How is depreciation taxed on the sale of rental property? How do you avoid depreciation recapture tax on rental property? Managing rental property depreciation with software Owning rental property can be an attractive real estate investment for many given the ability to collect rent and profit from the future, long-term sale of the property.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Going Concern
AUGUST 25, 2023
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. See ya. The Profession 2023 Accounting Firm Industry Insider Series: Key Takeaways from In-Depth Conversations with Managing Partners (Part 1) [ JD Supra ] Russell Shapiro of Levenfeld Pearlstein talks to managing partners about
ThomsonReuters
AUGUST 25, 2023
Jump to: Can you deduct vehicle depreciation on taxes? Are vehicles a five year depreciation? How do you calculate vehicle depreciation for taxes? What is the standard mileage rate? How does Section 179 deduction work for vehicles? Managing vehicle tax depreciation with software Running a successful small business is hard work and expensive.
Airbase
AUGUST 25, 2023
Not long ago, the entrepreneurial landscape was filled with the sparkling allure of unicorn companies — those who reached an impressive $1B valuation. But in 2023, the unicorn narrative feels a bit more like a fairy tale, and the once-vibrant “unicorn economy” has shifted its focus on to emphasizing resilience and runway preservation. As conditions for funding grow stricter, the old adage of “hold on to what you’ve got” has never felt more relevant.
CPA Practice
AUGUST 25, 2023
By Nate DiCamillo, Quartz (TNS) Although the World Health Organization has ended the COVID-19 public health emergency , people around the world still die from covid and lose hours at work because of the disease. On Wall Street too, covid remains an issue that companies going public want to warn investors about as a potential drag on earnings. For those businesses, it’s now typical to make at least one reference to covid in the regulatory filing they must give to the Securities and Exchange Co
Advertiser: Paycor
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