RogerRossmeisl
SEPTEMBER 18, 2023
Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return. The requirements Each person who, in the course of operating a trade or business, receives more than $10,000 in cash in one transaction (or two or more related transactions), must file Form 8300.
Accounting Today
SEPTEMBER 18, 2023
The service said Monday it plans to lower its audit rate of low-income taxpayers, even as some criticize its ability to protect taxpayer information.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
RogerRossmeisl
SEPTEMBER 18, 2023
The SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the law is that eligible employers will soon be able to provide more help to staff members facing emergencies. This will be done through what the law calls “pension-linked emergency savings accounts.” Effective for plan years beginning January 1, 2024, SECURE 2.0 permits a plan sponsor to amend its 401(k), 403(b) or government 457(b) plan to offer emergency savings accounts that a
Accounting Today
SEPTEMBER 18, 2023
The new positions, which will be open in more than 250 locations, will help ramp up the IRS compliance efforts against high-income earners, partnerships, large corporations, and promoters.
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.
RogerRossmeisl
SEPTEMBER 18, 2023
The federal student loan “pause” came to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you can deduct the interest you pay on your tax return. The answer may be yes, subject to certain limits. The deduction is phased out if your adjusted gross income exceeds certain levels — and they aren’t as high as the income levels for many other deductions.
Accounting Today
SEPTEMBER 18, 2023
Hunter Biden sued the Internal Revenue Service alleging that so-called IRS whistleblowers illegally disclosed information about his taxes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
SEPTEMBER 18, 2023
by Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver The AICPA announced the formation of a National Pipeline Advisory Group , published an article about its focus on the accounting talent shortage, and scheduled a webinar titled “Special Pipeline Series: Path to 150.” All of this happened after the Center for Audit Quality (CAQ) released its study titled “ Increasing Diversity in the Accounting Profession Pipeline.
CPA Practice
SEPTEMBER 18, 2023
By Laura Schultz, J.D., IAR, Kiplinger Consumer News Service (TNS) After months of sluggish activity, the market recently turned the tide. Whether the market is up or down, it’s always a good time to keep your taxes in mind and, more specifically, how you can put yourself in an advantageous position by keeping more of your own money in your pockets.
Accounting Today
SEPTEMBER 18, 2023
Price Waterhouse was the auditors for the Academy of Motion Picture Arts and Sciences, and this is an early example of cross-selling to add outside-the-box services to an engagement.
CPA Practice
SEPTEMBER 18, 2023
By Erin Slowey, Bloomberg News (TNS) The IRS plans to hire 3,700 employees to help fuel its efforts to target large corporations and complex partnerships. Democrats’ Inflation Reduction Act set aside tens of billions of dollars for the IRS to intensify its enforcement of tax cheats. The Friday announcement followed agency news last week that it would open examinations for 75 of the largest U.S. partnerships by the end of September.
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.
KROST
SEPTEMBER 18, 2023
Prior to January 1, 2023, California residents were able to avoid California taxation for any income earned by the ING trust that was not distributed to them. Incomplete Non-Grantor (ING) trusts are incomplete (“gift”) non-grantor trusts with the unique purpose of avoiding the imposition of state income tax on transactions occurring inside the trust.
Accounting Today
SEPTEMBER 18, 2023
A conversation with a former commissioner, Chuck Rettig, reveals the potential upside of the agency's tech plans.
Insightful Accountant
SEPTEMBER 18, 2023
Earn valuable Top 100 2024 training points by attending all or part of Insightful Accountant's 'Future Forward' event, Sept. 26-27. Murph tells you which sessions apply to which categories.
Going Concern
SEPTEMBER 18, 2023
Good morning and welcome back to another Monday, we’ll get through this together. Here’s some news from elsewhere to start your day. Inside PwC’s push to train its workers on AI : PwC is rolling out training on artificial intelligence for 75,000 workers in the US and Mexico so they can find new ways to incorporate the technology into its business — and that of its customers. “We want all of our people to be skilled on AI enough that they can have a conversation with the c
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
SEPTEMBER 18, 2023
To start, many firms fail to recognize the difference between driving demand and fulfilling demand.
Insightful Accountant
SEPTEMBER 18, 2023
Liz Scott offers a sneak peek into a new AI tool built into QuickBooks that will provide personalized, intelligent recommendations to help consumer and small business customers make smart financial decisions.
Accounting Today
SEPTEMBER 18, 2023
The Top 10 Firm is increasing its presence in New York State.
Insightful Accountant
SEPTEMBER 18, 2023
In the second part of the 'Advisory Isn't a Four-Letter Word' series, Calmwaters Cloud Accounting's Kellie Parks talks about defining and delivering your services. Make sure to register for the 'Future Forward' event.
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.
Withum
SEPTEMBER 18, 2023
The NetSuite 2023.2 release is underway, and it brings with it some great new enhancements. The specific date for your scheduled upgrade can be found in the “New Release” portlet in your NetSuite dashboard. What Is a NetSuite New Release Feature? Twice a year, NetSuite releases scheduled updates that enhance the functionality of the ERP platform.
Menzies
SEPTEMBER 18, 2023
Menzies LLP - A leading chartered accountancy firm. Whether you’re considering expanding your geographical footprint, accelerating the growth of an existing revenue stream, acquiring new technology or looking at new ways to diversify, acquiring another business can greatly assist in accomplishing or accelerating these plans. However, before doing so, business owners need to consider a number of factors to ensure success.
VJM Global
SEPTEMBER 18, 2023
Held by Hon’ble Authority of Advance Ruling Held in the matter of M/S. AVEVA SOFTWARE PRIVATE LIMITED M/s AVEVA Software Private LImited (“The Applicant”) is a subsidiary of AVEVA Plc. AVEVA Group has a Central Hub, located outside India, which is an IP Owner and manages and grants the license of the AVEVA software products to the group entities. Such entities further sub-licence the same software to the end user on his own account (i.e., in his own capacity without acting as a agent).
Dent Moses
SEPTEMBER 18, 2023
On September 14 th , IRS Commissioner Danny Werfel announced an immediate halt to processing ERC claims, citing concerns over improper/fraudulent claims. To date, the IRS has processed 3.6 million claims. In the last 90 days, 600,000 claims have been received – 15% of total claims submitted. The fear is many of the newly submitted claims do not qualify and businesses are being pressured by aggressive promoters.
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.
ThomsonReuters
SEPTEMBER 18, 2023
Jump to: Laying the foundation for remote audit work Tools that enable remote audit work Maximizing remote audit capabilities Like many facets of tax and accounting, auditing has undergone a significant transformation in recent years driven by rapid advancements in technology. While traditional audit activities involve on-site visits, face-to-face meetings, and the physical exchange of documents, technology is opening up new business capabilities for auditors to conduct their work from anywher
CPA Practice
SEPTEMBER 18, 2023
By Peter Jeffrey, Bloomberg News (TNS) Hunter Biden sued the U.S. Internal Revenue Service alleging that so-called IRS whistleblowers illegally disclosed information about his taxes. President Joe Biden’s son, who was indicted last week on firearms charges after a plea agreement with federal prosecutors collapsed, filed the suit Monday in federal court in Washington.
Menzies
SEPTEMBER 18, 2023
Menzies LLP - A leading chartered accountancy firm. Whether you’re considering expanding your geographical footprint, accelerating the growth of an existing revenue stream, acquiring new technology or looking at new ways to diversify, acquiring another business can greatly assist in accomplishing or accelerating these plans. However, before doing so, business owners need to consider a number of factors to ensure success.
FraudFiles
SEPTEMBER 18, 2023
Why specialize when you’re a forensic accountant? Forensic accounting is already a specialty within the broader field of accounting, so some people never consider that you can narrow down your practice even more.
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.
Accounting Today
SEPTEMBER 18, 2023
Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.
CPA Practice
SEPTEMBER 18, 2023
Sidney Kess, a nationally renowned tax lawyer and accountant, author of hundreds of tax books on financial and estate planning, educator, and a friend to many in the profession, passed away on Sunday at the age of 97. Sidney Kess “At 97 years young, Sid was a constant source of inspiration and I’m so lucky to have known him. He was tireless—and successful—in his commitment to making the accounting profession better for all of us,” said Gail Perry, CPA, editor-in-chief of CPA Practice Advisor.
Expert insights. Personalized for you.
264 
Let's personalize your content