Going Concern
SEPTEMBER 14, 2023
This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. This, naturally, is increasing risk in the form of penalties and audits. The latest research piggybacks a bit on what was revealed in their Future of Professions report released last month.
RogerRossmeisl
SEPTEMBER 14, 2023
As appearing in IRS IR-2023-169 To protect taxpayers from scams, IRS orders immediate stop to new Employee Retention Tax Credit (ERTC) processing amid surge of questionable claims Concerns from tax pros, aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system Moratorium on processing of new claims through year’s end will allow IRS to add more safeguards to prevent future abuse, protect businesses from predatory tactics; IRS working with Justice
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TaxConnex
SEPTEMBER 14, 2023
Are subscriptions taxable? Depends on what they’re for and where they’re delivered. Over the past few years, subscription box services, for instance, have exploded in popularity as buyers have signed up for regular delivery of everything from food, makeup, music, books, pet supplies, flowers, clothes and more. This industry has ridden the wave of eCommerce to join long-established subscription markets for publications and memberships.
Accounting Today
SEPTEMBER 14, 2023
The immediate moratorium will be in effect until the end of the year.
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.
Airbase
SEPTEMBER 14, 2023
Your single source of truth needs good data to live up to its title. As companies increasingly rely on transaction software to handle certain operations outside of the ERP, strong integrations from these systems to the ERP are essential for efficient and accurate ledger bookings. However, finance teams are inevitably plagued by errors as data fails to flow accurately, completely, or from one system to another.
Accounting Today
SEPTEMBER 14, 2023
From Alabama dinosaurs to pickleball, accountants have studied some unusual things to fulfill their education requirement.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
SEPTEMBER 14, 2023
IRS data and changes to collection operations over the past four years show 10 clear effects.
Going Concern
SEPTEMBER 14, 2023
The IRS announced today that it has issued an immediate moratorium on processing new employee retention credit claims at least through the end of the year. The agency cited “rising concerns about a flood of improper Employee Retention Credit claims,” driven by “aggressive promoters,” as the reason for closing the door on ERC claims.
Accounting Today
SEPTEMBER 14, 2023
Crypto investors, whether seasoned or new, need to understand the tax implications of their investments.
Going Concern
SEPTEMBER 14, 2023
As we all know, EY had a tough year. Mostly due to their own choices, choices that led to the professional services equivalent of a wet fart. Despite the proposed audit and consulting split falling apart and leaving a $500 million dollar hole in the firm’s pocket, they still had “one of the most successful years in the history of the organization with record global revenues and continued significant growth.” EY has announced combined global revenues of $49.4 billion for the fin
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.
CPA Practice
SEPTEMBER 14, 2023
A rash of bogus employee retention credit (ERC) claims in recent months has prompted the IRS to put the program on hold through at least Dec. 31. IRS Commissioner Danny Werfel ordered the immediate moratorium today and said the agency “could no longer tolerate growing evidence of questionable claims pouring in.” “The IRS is increasingly alarmed about honest small business owners being scammed by unscrupulous actors,” he said in a press release.
Accounting Today
SEPTEMBER 14, 2023
Some worry the proposed regulations could make it more difficult for small and midsized businesses to obtain coverage in case of disaster.
CPA Practice
SEPTEMBER 14, 2023
Bloomberg Tax & Accounting released its 2024 Projected U.S. Tax Rates, which indicates inflation adjusted amounts in the tax code will increase 5.4% from 2023. While this is a slight decrease from the 7.1% increase in 2023, it is nearly double the 2022 increase of 3%. The full report is available at: [link]. [See projected tax bracket tables below.
AccountingDepartment
SEPTEMBER 14, 2023
As a small to medium-sized business owner, you know that cash flow is the lifeblood of your company. It's crucial to stay on top of your accounts receivable and make it as convenient as possible for your customers to make payments, without any added expenses for you.
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
SEPTEMBER 14, 2023
By Davis Bell. I love talking to people who work in different industries than the one in which I work – tech – because they see the world differently, which enables me to learn new things from them that I can apply to my work. One example of this from the accounting profession: Matthew May, one of the co-founders of Acuity, a national accounting firm, recently stated during a panel discussion at an accounting conference that his firm had learned a lot of the processes for lead generation and p
SchoolofBookkeeping
SEPTEMBER 14, 2023
New QuickBooks Bill Pay Service QuickBooks Payments , which is an Intuit QuickBooks Service for receiving credit card and bank payments is now poised to offer a bill payment service of their own. As such this means that the deeply integrated service powered by Melio or BILL will no longer be available. Here is an article with features and pricing for the QuickBooks Bill Pay Service Advantages of the QuickBooks Bill Pay Service There are several distinct Advantages that This service will offer ov
CPA Practice
SEPTEMBER 14, 2023
By Shalene Gupta, Fast Company (TNS) In the wake of lockdowns, employers have had to reimagine work. Yet few have hit upon a winning formula—and it shows. Ernst & Young (EY) released its Work Reimagined Survey, which draws upon data from 17,050 employees across 25 different industries and 20 countries. It found a growing gap between what employees want and what employers are offering.
Accounting Today
SEPTEMBER 14, 2023
Band of brothers; heavy Metal; gone underground; and other highlights of recent tax cases.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Insightful Accountant
SEPTEMBER 14, 2023
FloQast's Mike Whitmire you’re probably overlooking the most strategic tool in your arsenal— and how you can leverage it better.
Accounting Today
SEPTEMBER 14, 2023
Cyber sleuths from the IRS and Chainalysis spent seven years trying to unmask the shadowy figure who ran Bitcoin Fog, a dark web service that authorities say helped criminals launder cryptocurrency for a decade.
KROST
SEPTEMBER 14, 2023
The Restaurants Care Resilience Fund added a special hardship grant to assist the restaurant community affected by the recent Hollywood strikes. The hardship grant provides $10,000 to independent restaurants, food trucks, or caterers located in Los Angeles County. Grants will be awarded to those who meet the criteria and with the focus of investing in the Read the full article.
Withum
SEPTEMBER 14, 2023
Form 5500 is an important document that is the cornerstone of reporting and disclosure for employee benefit plans. Staying up-to-date with the latest changes and regulatory updates is essential to ensuring compliance and avoiding potential penalties. View On-Demand Webinar This on-demand webinar presented by Donna Nevolo , Partner and Employee Benefit Plan Market Leader, and Israel Tannenbaum , Partner and Form 5500 Filing Lead, will dive into recent regulatory changes to Form 5500 and the impor
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.
Insightful Accountant
SEPTEMBER 14, 2023
Canopy's Practice Management bring all your mission-critical practice functions into one cloud-based software suite that integrated with QuickBooks Online.
CPA Practice
SEPTEMBER 14, 2023
The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills. The following statement is attributable to AICPA president and CEO, Barry Melancon, CPA, CGMA: “This latest initiative by the IRS takes a multi-pronged approach to taper ERC fraud by further scrutinizing ERC claims already received, pausing the processing of
Insightful Accountant
SEPTEMBER 14, 2023
Our Day 2 kick off of the 'Future Forward 2023 webinar series features CPA4IT's Andrew Wall, who will show you how to navigate technology and transformation in accounting practices. Sign up today inside.
Withum
SEPTEMBER 14, 2023
In today’s fast-paced business landscape, companies must be agile, efficient and adaptable to remain competitive. Enterprise Resource Planning (ERP) systems are the backbone of modern businesses , streamlining operations, enhancing productivity and enabling data-driven decision-making. However, some organizations hesitate to embark on ERP migration projects due to budget constraints or concerns about economic downturns.
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Ace Cloud Hosting
SEPTEMBER 14, 2023
Operating a construction business brings unique accounting complexities that set it apart from other industries. From the fluid nature of project locations to the complexities of managing long-term projects, contractors.
CPA Practice
SEPTEMBER 14, 2023
Technologists Randy Johnston and Brian Tankersley, CPA, talk about how they keep up with the latest accounting, business, and advanced technology. Use the podcast player below to listen. Transcript (Note: There may be typos due to automated transcription errors. Also, due to the intro to the podcast, add 10 seconds to the time stamps below.) SPEAKERS Randy Johnston, Brian F.
Withum
SEPTEMBER 14, 2023
Largely unheard of before the 2010s, Esports have grown to a $1.64 billion industry and are projected to surpass $2 billion by 2027. Fueled by online streaming platforms like Twitch and YouTube, the past decade has brought Esports to billions of people worldwide and saw widespread tournaments offering multimillion-dollar grand prizes. The body of providers and online audiences continues to grow with the release of Kick earlier this year.
Accounting Insight
SEPTEMBER 14, 2023
First AML , the global scaleup which streamlines the entire anti-money laundering (AML) onboarding and compliance process, has today announced a new partnership with Mercia Group LTD , one of the leading providers of CPD training, assessments, compliance and marketing services to the UK&I accountancy profession. The partnership will support accounting firms with enhanced AML solutions, leveraging both First AML’s centralised SaaS-based AML platform and Mercia’s comprehensive Cust
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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