Accounting Today

JULY 9, 2024

A recent poll found professionals predict that as AI makes jobs more efficient, firms will move away from the billable hour model in favor of value pricing.

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Tax 94

TaxConnex

JULY 9, 2024

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Just remember, a lot can go wrong along the way. 1. Billing systems You charge the customers sales tax for online purchases, they pay and you remit the money to the tax jurisdictions.

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Sales Tax Colorado tax return 264

Accounting Today

JULY 9, 2024

The firms in this year's VAR 100 see clients focusing ever-more strongly on the cloud — even as they suffer from 'change fatigue.

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accounting software accountant Account accounted 128

CPA Practice

JULY 9, 2024

Professionals taking part in the Thomson Reuters 2024 Future of Professionals report predict that artificial intelligence (AI) has the potential to save them 12 hours per week in the next five years, or four hours per week over the upcoming year – equating to 200 hours annually. This timesaving potential is the equivalent productivity boost of adding an extra colleague for every 10 team members on staff.

Legal 115

Legal Maine Tax 115

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

Tax

Accounting Today

JULY 9, 2024

Estate attorneys are creating revival trusts aimed at extending wealth until people who get cryonically preserved can be revived, even if it's hundreds of years later.

Tax 122

Tax 122

CPA Practice

JULY 9, 2024

Monthly inbound cargo volume at the nation’s major container ports is continuing to rise despite a variety of supply chain challenges, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates. “Lulls between supply chain challenges seldom last long, and importers are currently looking at issues including high shipping rates, unresolved port labor negotiations and continuing capacity and congestion issues from the ongoing disruptions in the Red Sea,”

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Retail New Jersey Virginia New York 115

CPA Practice

JULY 9, 2024

The IRS on July 8 released a fact sheet regarding misleading tax advice that has proliferated on TikTok and other social media platforms, specifically on scams centered around the Fuel Tax Credit, the Sick and Family Leave Credit, household employment taxes, and overstated withholding. The fact sheet includes nine frequently asked questions (FAQs) and answers about the two tax credits and what taxpayers should do if they’ve fallen for one of the scams, among other things.

Tax 105

Tax tax return audit 105

Accounting Today

JULY 9, 2024

Only 5% of total local tax comes from income taxes nationwide, but some states rely on it much more.

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income tax Tax 102

CPA Practice

JULY 9, 2024

Avalara, Inc. , a provider of tax compliance automation software for businesses of all sizes, has published new analysis exploring the impact of cross-border complexity on businesses and consumers globally. The findings reveal a complex compliance landscape and a disconnect between consumer expectations and the realities of cross-border commerce. Cross-border complexity impacts growth for all businesses Overall, 82% of businesses surveyed around the world indicated that cross-border compliance c

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E-commerce Technology Tax 105

ThomsonReuters

JULY 9, 2024

In a landmark decision that has sent ripples through the legal and tax communities, the recent Loper Bright ruling has the potential to reshape the landscape of federal tax in significant ways. As businesses and individuals alike scramble to understand the implications of this pivotal case, Checkpoint turns to an expert who can shed light on the complexities and consequences of the ruling.

Tax 98

Tax Legal Gaming Government 98

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Account

CPA Practice

JULY 9, 2024

For the first time since January, small business hiring declined in June as many small-to-midsized businesses are struggling to find skilled labor to meet the demand for their goods and services, according to top 15 accounting firm CBIZ. The CBIZ Small Business Employment Index (SBEI), which tracks hiring trends among thousands of companies with 300 or fewer employees across the U.S., reported a seasonally adjusted decrease of 0.08% in June, a month that historically experiences job gains with t

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Entertainment Non-Profits small business accounting payroll 98

Cherry Bekaert

JULY 9, 2024

Revised Form 6765 for R&D Tax Credit On Friday, June 21, 2024, the Internal Revenue Service (IRS) released a revised Form 6765 to report the Section 41 Credit for Increasing Research Activities (R&D Tax Credit). This is proposed to be effective for tax years beginning after December 31, 2024. Within the new form, certain taxpayers are required to provide more detail regarding the research and development (R&D) projects being performed.

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Tax payroll tax payroll income tax 96

Accounting Today

JULY 9, 2024

While the IRS and the Treasury have committed to tax administration equity, the Government Accountability Office recently found potential unintended biases in some of the systems and methods used by the IRS for audit selection — meaning some populations may be getting selected for audits at a higher rate than others.

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audit Tax Government Account 93

Insightful Accountant

JULY 9, 2024

Insightful Accountant has launched the 2025 U.S. ProAdvisor Awards. ProAdvisors from the U.S. may apply, but we also encourage the nomination of your favorite ProAdvisor by fellow ProAdvisors and colleagues.

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Account accountant accounted 81

Advertiser: Paycor

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KROST

JULY 9, 2024

Effective February 16, 2021, Proposition 19 went into effect and made sweeping changes to property tax reassessments. Here are the current property tax exemptions available in California: 1. Homeowners’ Exemption The California Constitution provides for the exemption of $7,000 in assessed value from property tax assessment of any property owned and occupied as the owner’s Read the full article.

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California Tax 79

Accounting Today

JULY 9, 2024

A ruling in the Corner Post case that makes it easier to sue over government regulations will cause 'chaos,' says one expert.

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Government 75

Going Concern

JULY 9, 2024

As proudly announced by commercial real estate firm Hughes Marino and reported in Pacific Northwest real estate news site The Registry , Clark Nuber (#89 on the INSIDE Public Accounting Top 100 with $56,428,415 in revenue) is moving into two floors of the old Microsoft stomping grounds in Bellevue, Washington. Ready for the big reveal? S ource: Google Street View Wow.

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Real Estate Hospitality Washington public accounting 64

Accounting Today

JULY 9, 2024

The Top 50 Firm is expanding in Western Michigan.

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Michigan 72

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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Going Concern

JULY 9, 2024

The Times has reported that Grant Thornton UK is “exploring a radical plan” to sell off some of its non-audit business to private equity. Shocker. No solid details yet, only that they appear to be shopping around. Grant Thornton UK has begun sounding out private equity firms over a potential deal that could see them buy into the business, which is jointly owned by more than 200 partners.

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audit Sales 64

Accounting Today

JULY 9, 2024

The Top 25 Firm in New York has added an assurance, tax and advisory firm in Worcester, Massachusetts, the latest in a series of acquisitions since it received private equity funding.

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Massachusetts New York Tax 72

AccountingDepartment

JULY 9, 2024

Managing a business isn’t easy. Amongst juggling various roles and responsibilities, ensuring your financial health often becomes a daunting task. One powerful tool to help you stay on top is cash flow analysis.

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accountant Account accounted 64

Anders CPA

JULY 9, 2024

A startup and funding source survey conducted by Anders Startup team found that securing late-stage startup funding is a top challenge for founders in St. Louis and surrounding areas. While the region has bountiful opportunities to access angel investor capital and other early-stage funding sources, a lack of later-stage funding could inhibit the city’s growth as a startup hub.

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CPA 64

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.

Finance

Ace Cloud Hosting

JULY 9, 2024

In today’s fast-changing financial environment, accountants and CPAs are constantly seeking ways to improve efficiency, enhance client relationships, and stay ahead of regulatory changes. According to myCPE, 49% of accounting.

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cpas Account accountant accounted 64

CPA Practice

JULY 9, 2024

Xero , the global small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than $460,000 in funding to support small businesses and non profits with their growth plans and help drive future success. Entries for the Xero Beautiful Business Fund are officially open to Xero small business customers in Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, United Kingdom and the United States.

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Non-Profits Manufacturing Gaming 59

Ace Cloud Hosting

JULY 9, 2024

Welcome to the final part of our series blog – ‘Budgeting Consideration for Cloud Success.’ Our previous edition explored “Prioritizing Security in Cloud-Based Accounting.” Ending the series on a high.

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quickbooks Account accountant accounted 59

Accounting Today

JULY 9, 2024

The rich and the audits; after Beryl; just ask; and other highlights from our favorite tax bloggers.

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audit Tax New Jersey tax preparation 56

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.

Finance

Ace Cloud Hosting

JULY 9, 2024

When choosing between Sage 50 Desktop and Sage 50 Cloud, it’s crucial to understand the key differences that can impact your business operations. Sage 50 Desktop offers robust, on-premises accounting.

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Account accountant accounted 59

Cherry Bekaert

JULY 9, 2024

On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50%. This has the potential to greatly impact investment fund managers and other high-net-worth individuals. Without adequate and timely estate planning, these individuals may miss out on potentially millions of dollars in tax benefits.

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Tax 52

SchoolofBookkeeping

JULY 9, 2024

A recent Intuit QuickBooks survey reveals that the greatest risk to the accounting industry is failing to keep up with technological advancements. This risk surpasses concerns about higher interest rates, rising costs, and hiring challenges. These insights come from the 2024 Intuit QuickBooks Accountant Technology Survey , which surveyed 700 accountants in the US.

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Technology quickbooks CPA Account 52

Insightful Accountant

JULY 9, 2024

Insightful Accountant's Be Insightful membership program kicks off July 15 with the first event scheduled for July 18, followed by the 23rd and 30. Join now to get the most out of the program. Join by July 30 for the best rate.

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Account accountant accounted 52

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.