Mark Lee
MAY 7, 2024
Not all accountants believe all of these fallacies. And some have been part of our psyche for so long we think they must be true. Others are repeated by salespeople and consultants who want you to believe stuff so that you’ll buy what they’re selling. But a salesperson’s assertions are not proof. Here are the 10 fallacies I recommend you do not accept at face value or repeat without first clarifying ther true position.
TaxConnex
MAY 7, 2024
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Leveling the field. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
BurklandAssociates
MAY 7, 2024
Mitigate financial risks at your startup and help ensure a smooth path towards sustainable growth and long-term success with these tips. The post Protect Your Startup’s Finances: 12 Proactive Risk Management Tips appeared first on Burkland.
CPA Practice
MAY 7, 2024
During testimony before a House Appropriations subcommittee on May 7, IRS Commissioner Danny Werfel said almost $400 million in unpaid employee retention credit (ERC) claims have been withdrawn by taxpayers since the agency put a moratorium on processing new claims last September. In addition, Werfel told lawmakers on the panel that the IRS has received $777 million from businesses that voluntarily returned the tax credit after being found ineligible.
Advertiser: Paycor
There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.
Accounting Today
MAY 7, 2024
The Public Company Accounting Oversight Board sanctioned three auditors from Florida accounting firm Liggett & Webb for violations involving audit evidence, professional skepticism, and other matters.
CPA Practice
MAY 7, 2024
Widespread concerns are growing among U.S. employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their actions, according to new data from Ernst & Young LLP ( EY US ).
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Cherry Bekaert
MAY 7, 2024
In the most recent episode of Cherry Bekaert’s Tax Services podcast, we focus on the Virginia pass-through entity tax (PTET) election. Join Cathie Shaw , partner at Cherry Bekaert, and Tony Konkol , State and Local Tax Manager, as they navigate the intricacies of this important topic. The Virginia PTET election is a crucial consideration for businesses operating in the state.
Accounting Today
MAY 7, 2024
Trump Media & Technology Group Corp. appointed Semple, Marchal & Cooper LLP, as its new auditing firm after the SEC permanently suspended its former auditor, BF Borgers, for fraudulent filings.
CPA Practice
MAY 7, 2024
Alex Barinka and David Westin Bloomberg News (TNS) Steven Mnuchin, the former U.S. Treasury Secretary, said he’s still interested in buying TikTok’s U.S. operation from its Chinese owner, and believes the social media app’s critical video recommendation technology could be replicated. “I’ve actually spoken to a lot of tech companies on working about rebuilding this,” Mnuchin said Tuesday in an interview with Bloomberg Television.
Accounting Today
MAY 7, 2024
For CPAs who aspire to practice in Tax Court, the ability to review a case that has been litigated by a fellow CPA is a useful educational tool.
Advertisement
Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
Withum
MAY 7, 2024
Empower your manufacturing business with efficiency, quality and innovation. We’ve put together a guide, designed to serve as your roadmap to getting started with AI and successfully leveraging its full potential. After all, AI is more than just Copilot or ChatGPT. In the guide, we explore real-world applications of AI and Machine Learning (ML) and offer actionable insights into leveraging AI to optimize business processes, contain costs and maximize human capital.
CPA Practice
MAY 7, 2024
The Great Resignation saw workers quit their jobs in droves—but many are now regretting it. A new survey of U.S. workers reveals those who changed jobs since the pandemic are significantly less satisfied with their jobs than their colleagues who stayed. What’s causing job hoppers to regret their decision? The Conference Board survey found that leadership and culture saw the greatest gaps in satisfaction between the job switchers and job stayers.
Insightful Accountant
MAY 7, 2024
During the upcoming Insightful Accountant Future Forward Event Murph will be presenting two sessions on Migrating from QuickBooks Desktop. One focuses on apps suitable for QBD Pro users, and the other QBD Premier users.
CPA Practice
MAY 7, 2024
By Josh Wingrove, Amanda Albright and Isis Almeida, Bloomberg News (TNS) U.S. taxes are likely to rise as lawmakers look to narrow the federal deficit, Warren Buffett said, as Washington prepares for major tax negotiations next year. The Berkshire Hathaway chairman and chief executive officer, speaking Saturday at the company’s closely watched annual meeting in Omaha, sidestepped directly commenting on the partisan fight over corporate taxes taking shape.
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.
Cherry Bekaert
MAY 7, 2024
The Build America, Buy America Act (BABA) provides federal financial assistance to award recipients domestic manufacturing and infrastructure. Understanding who qualifies and how to apply may be confusing, but Cherry Bekaert’s Risk & Accounting Advisory professionals are here to help. Please read our FAQs below to learn more about the BABA Act and how it might affect your organization.
CPA Practice
MAY 7, 2024
While the April 15 tax deadline for most Americans to file their individual annual tax returns has passed, there are several deadlines each year, some for individuals, businesses, nonprofits and even organizations that are tax-exempt. The next major deadline on the calendar is May 15, 2024, is for tax-exempt organizations that follow a calendar year (Jan-Dec) reporting period.
Going Concern
MAY 7, 2024
In its desperate quest to appear as though it does something of value to capital markets, the PCAOB is considering putting company names to inspection report deficiencies according to a recent story by Wall Street Journal. Currently, the PCAOB refers to clients as Issuer A, B, C etc. and includes only the client’s industry. Here’s an example from KPMG’s sketchy 2022 PCAOB inspection report : A Part IA deficiency like the one in the screenshot above is of such significance that
Insightful Accountant
MAY 7, 2024
Insightful Accountant is proud to announce our Top 50 International ProAdvisors for 2024. Congratulations to this year's International award recipients.
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.
Going Concern
MAY 7, 2024
h/t Consulting.com.au Deloitte Digital, in partnership with the International Olympic Committee (IOC), has produced a video to get everyone excited about the 2024 Summer Olympics in Paris and remind us why Deloitte was chosen to be Flavor Flav to the IOC’s Public Enemy. GET HYPED. Highlighted in the video are Sarah Attar, Saudi Arabia’s first female Olympic athlete; Natalie Du Toit of South Africa, the first amputee to compete in Olympic swimming; Abdellatif Baka, a visually impaired
Accounting Today
MAY 7, 2024
At the BDO Alliance's Evolve conference, leaders in the profession lay out the highs and the lows of the current moment.
Withum
MAY 7, 2024
When equity investments are valued at fair value, fair value needs to be measured based upon the requirements in Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement. The Financial Accounting Standards Board (“FASB”) noticed diversity in practice related to applying a discount to the price of an equity security that is subject to a contractual sale restriction.
Accounting Today
MAY 7, 2024
Accounting Today's annual selection highlights some of the most cutting-edge practices in the country.
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.
CPA Practice
MAY 7, 2024
More U.S. microbusinesses are using generative artificial intelligence (GenAI) to grow and compete, with 50% of owners and operators recently surveyed indicating they have tried Gen AI tools in the past few months. The findings come from GoDaddy’s international research initiative, Venture Forward, which quantifies the economic impact of small businesses and explores their owners’ experiences, challenges and ambitions.
Accounting Today
MAY 7, 2024
It's crucial to understand the significant impact businesses have on the environment — and accounting for carbon emissions is a fundamental step in this process.
Withum
MAY 7, 2024
Physician compensation is a complex topic that must consider fair market value (to comply with regulatory standards for the Anti-Kickback Statute and Stark Law), budgetary and financial constraints, and the overall contentment of the physician receiving the compensation package. According to the 2024 Medscape Physician Compensation Report, physician compensation rose by 3%, on average, in 2023.
CPA Practice
MAY 7, 2024
Savannah, GA-based Hancock Askew & Co. said on May 6 that fellow Georgians, Willeford Group, a Roswell-based CPA practice that specializes in providing accounting and tax services to clients in the dental industry, has merged with the top 200 accounting firm. Financial terms of the deal weren’t disclosed. As part of the transaction, Willeford Group owner Kate Willeford will join as partner, while the entire Willeford Group staff will become team members at Hancock Askew and work in the firm’
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
Withum
MAY 7, 2024
The Internal Revenue Service (IRS) again postponed Required Minimum Distribution (RMD) rules for certain taxpayers owning inherited retirement accounts. The announcement delays mandatory distributions for these taxpayers that were previously expected to begin in 2024 and continue until 2025. Prior to 2020, beneficiaries of inherited retirement accounts were generally able to withdraw the balance of these accounts over their lifetime.
LSLCPAs
MAY 7, 2024
As more Americans are facing their retirement years, lots of people are a-buzz over Roth accounts. The beauty of all retirement accounts is that your earnings grow tax free until you withdraw the funds in retirement. The uniqueness of the Roth option is that those earnings will not be taxed upon withdrawal. However, to get. The post Planning for Your and Your Family’s Future?
CPA Practice
MAY 7, 2024
April witnessed a steep decline in U.S. farmer sentiment, as indicated by the Purdue University/CME Group Ag Economy Barometer , which fell 15 points from March to a reading of 99. Both subindexes of the barometer also saw declines: The Current Condition Index dropped by 18 points to 83, while the Future Expectations Index fell by 14 points to 106. April marked the lowest farmer sentiment reading since June 2022 and the weakest current condition rating since May 2020.
Anders CPA
MAY 7, 2024
Robert Minkler, Jr., CPA/CGMA , Managing Partner at Anders CPAs + Advisors, has been named a Top 200 CPA by Forbes in recognition of his years of service to his clients. The top CPAs were chosen based on their “financial genius, innovation and deskside manner,” in addition to their trustworthiness. This list exclusively curated by Forbes’ editorial staff was sourced from a collection of candidates submitted through independent nominations and accolades from CPA societies and associations.
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.
Expert insights. Personalized for you.
52 
Let's personalize your content