RogerRossmeisl

APRIL 24, 2024

As reported in IR-2024-46 Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced on 2/21/24 plans to begin dozens of audits on business aircraft involving personal use. The audits will be focused on aircraft usage by large corporations, large partnerships and high-income taxpayers and whether for tax purposes the use of jets is being properly allocated between business and personal reasons.

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CPA Practice

APRIL 24, 2024

The U.S. Department of Transportation has issued a final rule that requires airlines to promptly provide passengers with automatic cash refunds when owed. The new rule makes it easy for passengers to obtain refunds when airlines cancel or significantly change their flights, significantly delay their checked bags, or fail to provide the extra services they purchased.

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Transportation Entertainment Government Tax 118

Going Concern

APRIL 24, 2024

Deloitte released its fourth annual Women @ Work report today and things are so bad for women they couldn’t even spin it for the press release’s title : Deloitte’s Women @ Work report shows stagnating progress in and outside the workplace for women Your report takeaways from the survey of 5,000 women in 10 countries (Australia, Brazil, Canada, China, Germany, India, Japan, South Africa, United Kingdom, United States) are: Half of women say their stress levels have increased since las

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CPA Practice

APRIL 24, 2024

The newly formed Alternative Dispute Resolution Program Management Office, an arm of the IRS Independent Office of Appeals, will work with the agency’s business operating divisions—Wage & Investment, Large Business & International, Small Business/Self-Employed, and Tax Exempt and Government Entities—to help taxpayers resolve tax disputes earlier and more efficiently, the IRS said on April 24.

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Tax Education Government Account 115

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.

Account

Accounting Today

APRIL 24, 2024

The IRS has long offered alternative dispute resolution, but says use has declined in recent years, and it hopes to make it more attractive and accessible.

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tax return Tax 120

CPA Practice

APRIL 24, 2024

A new bill recently introduced by lawmakers in both the House of Representatives and the Senate would improve the IRS’s math error procedures—a power used by the agency to quickly adjust a taxpayer’s federal income tax return if it contains a simple mistake or clerical error. Sens. Elizabeth Warren (D-MA) and Bill Cassidy (R-LA) introduced the Internal Revenue Service Math and Taxpayer Health (IRS MATH) Act on April 18, with Reps.

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tax return Tax income tax cpas 110

CPA Practice

APRIL 24, 2024

52.2 is currently the average age of a public accounting firm partner, down from 52.6 last year, as firms are promoting younger professionals to replace retiring partners, according to new data released by INSIDE Public Accounting. In an April 24 blog post , the publication wrote: In nearly 8% of firms, the average age of the partner group is 60 and above, and 26% have an average partner age of 55 or older. 28% of firms have an average partner age under 50, an increase from 23% last year.

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public accounting accounting firms Account accountant 106

Insightful Accountant

APRIL 24, 2024

Tax technology is changing, and tax professionals are looking for reliable resources when it comes to the future of AI within tax tech. Today, Thomson Reuters is announcing their upcoming tax launch.

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Tax Technology 97

Accounting Today

APRIL 24, 2024

Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.

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Tax 137

Insightful Accountant

APRIL 24, 2024

Today's QB Talks (April 24, 2024) at 2:00 PM (EDST) is all about the new 'Modern View' Reports that Intuit is rolling out into QuickBooks Online. It's not too late to register.

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quickbooks 82

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.

KROST

APRIL 24, 2024

LOS ANGELES, CA – For the fourth year in a row, Accounting Today has named KROST a Top 100 Firm. The firm ranked 82nd on the list by continuing to expand its services. In addition, KROST has once again earned the title of Regional Leader for the second year in a row, marking its third Read the full article. The post Press Release: KROST Named Top 100 Firm and Regional Leader 2024 by Accounting Today appeared first on KROST.

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Insightful Accountant

APRIL 24, 2024

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

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tax preparation Tax 76

Accounting Today

APRIL 24, 2024

$28 million in grants are available for Low Income Taxpayer Clinics, with a particular emphasis on states and counties that aren't currently covered.

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Tax 73

CPA Practice

APRIL 24, 2024

AICPA & CIMA , which together form the Association of International Certified Professional Accountants, have today announced the launch of the Registered Apprenticeship for Finance Business Partners in the State of Florida. The program partners with the Florida Institute of CPAs and accounting and finance leaders to enhance the Florida talent pipeline by providing instruction leading to a profession-recognized credential, on the job training and mentorship.

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Florida Finance accounting and finance cpas 64

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.

Withum

APRIL 24, 2024

Intuit announced they are halting new subscriptions for several QuickBooks Desktop (QBD) products after July 31, 2024. It’s crucial to stay informed about these changes, which may impact your business in the short and long term. In our FAQ guide, we aim to clarify various aspects surrounding the sunsetting of QBD to ensure a smooth transition.

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quickbooks NetSuite payroll E-commerce 65

Accounting Today

APRIL 24, 2024

Turns out clients are as mistaken about tax preparers as they are about taxes.

Tax 101

Tax tax preparation 101

Going Concern

APRIL 24, 2024

With tax season behind us , clients now have a whole year to work on finding a new tax preparer if theirs dipped out on them in the past year or two. You see, firms finally got the “charge what you’re worth” memo and have been shedding bad clients to free up scarce resources for the good ones. And that’s a good thing. God I hate when trash websites use “and that’s a good thing.” Sorry.

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tax preparation Tax 57

Accounting Today

APRIL 24, 2024

In "The Black Tax," professor and historian Andrew W. Kahrl explores how the racial wealth gap in America has roots in unfair tax practices.

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Tax 68

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

Withum

APRIL 24, 2024

Thinking of Optimizing Your ERP? Is your tech company ready to supercharge its ERP system? Watch this on-demand webinar where Withum’s Tech Advisory expert delves into the world of ERP Optimization. Whether you’re using Oracle NetSuite, Sage Intacct, or Microsoft Business Central, this recording is tailored to help you extract maximum value from your enterprise software.

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NetSuite 52

Ryan Lazanis

APRIL 24, 2024

Many firm owners work too much without a break. In this episode, I'll share a system to boost your profits while cutting your work hours. The post 150 – The Firm Freedom System [6 Steps] appeared first on Future Firm.

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CPA Practice

APRIL 24, 2024

Sovos has aligned with the Digital Business Networks Alliance (DBNAlliance) as an early member, marking a significant milestone in the initiative’s development. Processing more than 11 billion transactions each year, Sovos’ membership is a substantial show of support for the DBNAlliance’s mission to rapidly deploy a framework of standards and supporting services for seamless electronic data exchange in the U.S., across the Atlantic and globally.

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Insightful Accountant

APRIL 24, 2024

It's time to recertify for most QuickBooks Online ProAdvisors ('Core' or 'Advanced'). The recertification window opens May 1 with a June 30, 2024 deadline for exam completion.

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quickbooks 52

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 24, 2024

AuditBoard, a cloud-based platform transforming audit, risk, compliance, and ESG management, says its powerful artificial intelligence capabilities are now generally available. As part of the company’s innovative and award-winning connected risk platform, AuditBoard AI incorporates generative AI, and other private AI models to help audit, risk, infosec, and ESG teams work smarter while meeting the security and privacy needs of the enterprise.

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audit Technology Gaming Account 52

Shay CPA

APRIL 24, 2024

While working in the corporate world provides some serious upside — from the chance to learn from a wide range of people to cushy compensation packages — it can also be a grind. And as the recent wave of tech layoffs continues crashing upon people, you might be formulating an exit strategy. Fortunately, as a tech professional, you have an exciting opportunity.

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Finance CPA Account accountant 52

Cherry Bekaert

APRIL 24, 2024

The German Mittelstand and U.S. companies are being urged to take action on sustainability and carbon reporting laws. In both countries, the laws require companies to disclose their carbon footprint, energy consumption and other environmental impacts. Failure to comply could result in fines and reputational damage. Watch this video to learn more about what actions companies can take now to avoid potential legal and financial consequences.

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Legal CPA Account accountant 52

Canopy Accounting

APRIL 24, 2024

Did you know that Customer Relationship Management (CRM) systems can increase customer retention rates by 27% and improve customer relationships in 74% of businesses? It's no wonder CRM systems have become indispensable in today's competitive business environment. For accountants, choosing the right CRM — traditional or accounting-specific — can feel as complex as navigating a dense financial spreadsheet.

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Account accountant accounted 52

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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.

Finance

Accounting Today

APRIL 24, 2024

Podcasting is the new blogging. Everyone's doing it, and you should, too, right? Not so fast.

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Insightful Accountant

APRIL 24, 2024

Investment from Periphas Capital and Lavelle Capital will support FinQuery’s mission to make lives easier by simplifying complex workflows with technology.

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Accounting Today

APRIL 24, 2024

Lindsay Stevenson's transformation team drives innovation for Top 50 Firm BPM

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Wellers Accounting

APRIL 24, 2024

Joe Lennon explains how to report tips and gratuities given new laws are coming in the form of the employment (allocation of tips) Act 2023.

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tax return payroll Tax 52

Advertisement

"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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