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.
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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
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.
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.
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.
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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.
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.
Accounting Today
SEPTEMBER 18, 2023
Hunter Biden sued the Internal Revenue Service alleging that so-called IRS whistleblowers illegally disclosed information about his taxes.
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.
Advertiser: Paycor
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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.
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.
Accounting Today
SEPTEMBER 18, 2023
Kess, a renowned tax accountant, attorney and educator, died at the age of 97 on Sunday.
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: 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.
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.
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.
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.
Accounting Today
SEPTEMBER 18, 2023
A conversation with a former commissioner, Chuck Rettig, reveals the potential upside of the agency's tech plans.
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
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.
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.
Advertiser: Paycor
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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.
Accounting Today
SEPTEMBER 18, 2023
To start, many firms fail to recognize the difference between driving demand and fulfilling demand.
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
Accounting Today
SEPTEMBER 18, 2023
The Top 10 Firm is increasing its presence in New York State.
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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.
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.
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