Thu.Aug 01, 2024

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States hit ‘Delete’ on some sales tax measures | TaxConnex

TaxConnex

If it seems like jurisdictions just ceaselessly add additional sales tax laws, statutes and restrictions, recent news out of three states should be refreshing. North Carolina has become the latest state to ax transaction thresholds for economic nexus. The state’s previous 200-transaction threshold was eliminated effective July 1. The state’s economic nexus threshold is now just $100,000 in sales into the state annually.

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Tax Fraud Blotter: Public mistrust

Accounting Today

The price of flame; a guy at the IRS; package deal; and other highlights of recent tax cases.

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What Can be Done About the Accounting Talent Shortage?

CPA Practice

The National Pipeline Advisory Group (NPAG), an independent advisory group convened in response to an American Institute of CPAs (AICPA) governing Council resolution, has released its final report of recommendations to address the accounting talent shortage. NPAG began work in July 2023. The multistakeholder group’s work was facilitated by ConvergenceCoaching LLC, a consulting firm for the accounting profession that specializes in leadership, talent and other issues.

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OneStream debuts Next Gen Gather AI

Accounting Today

OneStream announced the rebrand of OneStream Suite to OneStream One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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PwC Associate Becomes an Olympian to Avoid Working 60-Hour Weeks

Going Concern

As we’re sure you’ve realized by now, it’s Olympics time and while Deloitte got a jump on the Paris 2024 hype , PwC has at least one competitor of their own: gymnast Frank Rijken of the Netherlands. View this post on Instagram A post shared by TeamNL Turnen (@teamnlturnen) View this post on Instagram A post shared by Frank Rijken (@frank.rijken) According to Insta, LinkedIn, etc. 27-year-old Rijken is an M&A advisor.

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Tax Strategy: Moore results in less

Accounting Today

A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.

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More Trending

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The Hidden Costs of Cheap Accounting Services

AccountingDepartment

Running a business is no small feat, and managing finances can be one of its most challenging aspects. It’s no wonder many business owners are lured by the promise of cheap accounting services. If you think you're saving money with these budget options, think again. This post will uncover the hidden costs that could be undermining your business and explain why investing in quality accounting is crucial for long-term success.

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Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners

CPA Practice

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has announced that Avi, Avalara’s generative AI chatbot, is now available in both the Avalara Global Support Portal and the Avalara Portal product interface. Avi provides conversational support to help customers and partners find answers and resolve issues faster and easier.

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Recap: Government Finance Officers Association National Conference 2024

Cherry Bekaert

Contributor: Ali Karim , Accounting Advisory, Senior Associate The Government Finance Officers Association’s (GFOA) 118 th Annual Conference was held between June 9 – 12, 2024, at the Orange County Convention Center in Orlando, Florida. The event provided attendees the opportunity to meet face-to-face with fellow colleagues and clients (for the first time, in many cases) and network.

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Carr, Riggs & Ingram Adds ProSport CPA

CPA Practice

Top 25 accounting firm Carr, Riggs & Ingram (CRI) CPAs and Advisors has added ProSport CPA—a New Kent County, VA-based firm that specializes in tax and accounting services within the sports and entertainment niche—to CRI’s family of companies. The move expands CRI’s specialized tax and accounting services to cater to the unique needs of professional athletes and entertainers, the firm said in a media release.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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App Developers - Free Feature Content Available

Insightful Accountant

App and Software Developers should know that Insightful Accountant offers 'FREE' feature content, including App Aware and First Look features covering their app or software and Advisor Alliance articles covering their partner programs.

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Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’

CPA Practice

By Hallie Lauer, Pittsburgh Post-Gazette (TNS) The Pennsylvania Supreme Court will consider Pittsburgh’s reliance on a tax levied on out-of-town athletes and performing artists—the so-called “jock tax”—following a lower court’s ruling earlier this year that the tax is unconstitutional, a decision that could have lasting budgetary implications for the city.

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Shaping AI to improve the way small business owners work

Xero

Much can be said about the pros and cons of generative AI. But while we can all agree that it is widely-available and disruptive, surely we can also agree that it isn’t the first emerging technology to be available and disruptive (nor will it be the last). It’s just the one we’re focused on right now. To start to wrap your head around the possibilities of generative AI and the broader AI technology ecosystem, it’s best to start from the ground up.

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CRI merges in ProSport CPA

Accounting Today

CRI merges in ProSport CPA

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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9 Most Beneficial ATX Tax Software Features for Firms

Ace Cloud Hosting

ATX from Wolters Kluwer is one of the most reputed tax preparations and filing software for individuals and small firms. According to a Journal of Accountancy survey, approximately 70% of.

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SafeSend debuts Next Gen Gather AI

Accounting Today

SafeSend announced the rebrand of SafeSend Suite to SafeSend One, which now features the new Next Gen Gather AI solution to help professionals gather client documents.

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Top Remote Accountants of the Week | August 1, 2024

Going Concern

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires. ACCOUNTING CANDIDATES FTE Accounting Manager | Candidate ID #22056820 Certifications: QuickBooks ProAdvisor Education: BA and MS Accountancy Experience (ye

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Senate Republicans block $78B business, child tax break package

Accounting Today

Senate Republicans stopped a $78 billion package of tax cuts benefiting businesses and low-income families, two constituencies the party needs to win big in November.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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State R&D Tax Credit Benefits: A Guide to Certain Available Credits

Cherry Bekaert

Research and Development (R&D) Tax Credits are an incentive for businesses investing in innovation. While the federal R&D tax credit is well-known, more than 35 states in the U.S. also offer R&D Tax Credits to businesses. Some states mirror elements of federal R&D tax credits, while others include different nuances, such as application deadlines, calculation methodologies, and credit utilization intricacies.

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Senate bill calls for NIST to make AI audit standards

Accounting Today

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

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Top ProAdvisor Profiles Wanted

Insightful Accountant

If you are a Top ProAdvisor (Top 100 ProAdvisor, Top 25 Up-n-comer ProAdvisor, or Top 50 International ProAdvisor), we want to publish your profile.

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Avalara debuts "Avi" chatbot

Accounting Today

Tax compliance solutions provider Avalara announced the release of its latest AI offering, a chatbot called Avi which can answer product questions, general tax questions, and troubleshoot issues.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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SafeSend Launches New AI-Powered Tools for Tax and Accounting Professionals

CPA Practice

SafeSend, a provider of automation technology for tax and accounting professionals, has launched SafeSend One, featuring Next Gen Gather AI. SafeSend One automates the entire tax process, from taxpayer document gathering and integrations with tax preparation leaders to tax return delivery, offering firms an all-in-one solution that provides an unrivaled client experience.

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PwC rolls out research bot ChatNational

Accounting Today

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

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Advisor Alliance: MyWorks

Insightful Accountant

Murph gives you a glimpse into the advisor partnership opportunities offered by the MyWorks Partner Program.

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CLA Acquires Axiom CPAs in New Mexico

CPA Practice

Top 10 accounting firm CliftonLarsonAllen (CLA) has acquired Axiom CPAs & Business Advisors, an Albuquerque, NM-based full-service accounting firm. Financial terms of the deal weren’t disclosed. Four partners and 16 team members from Axiom officially joined CLA on Aug. 1. Scott Engelbrecht “The team at Axiom is another great addition to our CLA family,” Scott Engelbrecht, chief geographic officer for CLA, said in a statement.

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Doing More With Less: The Modern Finance Miracle

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.

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Breaking News: E-Invoicing Issues from QBO

Insightful Accountant

QuickBooks Online users have reported receiving 502 Bad Gateway errors when attempting to send E-Invoices.

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TaxPlanIQ Users Have Achieved Over $1B in Tax Savings with Tax Planning Software

CPA Practice

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, announced Thursday that its users have collectively saved their clients more than $1 billion in taxes since the software’s launch in 2020. According to the Southlake, TX-based company, each taxpayer saves an average of $41,700 through the firm’s use of TaxPlanIQ ’s advanced tax planning software.

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Plan for 2025 Growth Today

Summit CPA

Don't wait until it's too late. Start planning for 2025 now. You might just be able to meet those business goals you've had in the back of your head.

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Embracing clarity: Introducing Engagement Manager and Guided Assurance

ThomsonReuters

At Thomson Reuters, we work hard to provide tools that streamline the audit workflow. We know that a constantly changing industry landscape and an ever-evolving regulatory environment can be a day-to-day challenge – making any level of simplification a welcome thing. To that end, we made a significant update to select product names within the Cloud Audit Suite, aimed at enhancing clarity and understanding for our users.

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8 Pillars of Leadership Development

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.