MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. What is an S Corporation? An S Corporation is a type of corporation that meets specific Internal Revenue Service (IRS) tax code requirements. The biggest feature of an S Corporation is that it provides its owners with limited liability protection, while allowing income and losses to be passed through t

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CPA Practice

NOVEMBER 17, 2023

The IRS said on Friday that it will not raise interest rates for the first calendar quarter of 2024. Beginning on Jan. 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily. Here is a complete list of the Q1 2024 rates: 8% for overpayments (payments made in excess of the amount owed), 7% for corporations. 5.5% for the portion of a corporate overpayment exceeding $10,000. 8% for underpayments (taxes owed but not fully paid). 10% for large corporate u

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Tax 122

Accounting Today

NOVEMBER 17, 2023

IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.

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CPA Practice

NOVEMBER 17, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Claiming the child tax credit and other family tax credits and deductions can lower your tax liability or increase your refund. But which credits and deductions you qualify for can change from year to year. And the amounts of the credits and deductions can also change, since many are adjusted yearly for inflation.

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Accounting Today

NOVEMBER 17, 2023

Plus, Sage releases new Intacct features; Liscio unveils new upgrades aimed at enhanced client experience; and other accounting tech news.

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CPA Practice

NOVEMBER 17, 2023

The Department of the Treasury and the Internal Revenue Service has issued proposed regulations that provide guidance under a new section of the law that disallows deductions for certain charitable conservation contributions by partnerships and other pass-through entities. Syndicated conservation easements have been included in the IRS’ annual list of Dirty Dozen tax schemes for many years.

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CPA Practice

NOVEMBER 17, 2023

AuditBoard, the leading cloud-based platform transforming audit, risk, IT compliance, and ESG management, has released its 2024 Focus on the Future report based on an annual survey of risk management and internal audit leaders across North America. The report reveals a growing gap between risk and assurance teams’ capacity to effectively manage risks and the reality of today’s state of “permacrisis,” an extended period of instability and insecurity marked by one disruptive crisis following anoth

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audit Technology auditor Government 104

Withum

NOVEMBER 17, 2023

Withum is excited to share that Zack Smith , Team Leader of the Real Estate Valuation Practice , has been appointed to the Board of Directors of the Upstate New York Appraisal Institute. The institute sponsors appraisal education, including courses and seminars that help professionals earn continuing education credits. As a member of the board, Zack will assist in administering these programs.

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Accounting Today

NOVEMBER 17, 2023

Revised financial statements mark an attempt to "turn the page" for the scandal-struck Brazilian retailer

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Randal DeHart

NOVEMBER 17, 2023

If you have been lucky enough to encounter generous people, you understand they have a unique gift for garnering the respect and admiration of individuals around them. When you are a leader, having a positive relationship with the people who follow you is a huge asset you cannot put a price on. In the construction business, generosity and helpfulness are two fundamental traits that can make a business successful.

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

KROST

NOVEMBER 17, 2023

KROST is attending the second annual CalCPA Los Angeles & Inland Empire Mt. SAC Accounting Conference. The event is in partnership with Mt. San Antonio College, where the conference will be held on Saturday, November 18th, from 7:00am to 2:00pm. This is a perfect opportunity for college and university students to hear firsthand experiences from Read the full article.

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Patriot Software

NOVEMBER 17, 2023

On January 1, 2024, employers with employees working in Minnesota are responsible for a new workplace standard—offering paid sick leave. How much do you know about the Minnesota paid sick leave law, known as Earned Sick and Safe Time?

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Accounting Today

NOVEMBER 17, 2023

The regulations address new subsections of the law from the SECURE 2.0 Act.

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Tax 120

AccountingDepartment

NOVEMBER 17, 2023

We are thrilled to announce that Episode 6 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

accounting and finance

Accounting Today

NOVEMBER 17, 2023

A recent survey says a large majority of firms enjoyed increased revenue and profit this year, based partially on growing client advisory services and the adoption of value-based pricing.

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Ronika Khanna CPA,CA

NOVEMBER 17, 2023

In a recent study by H&R Block, nearly 28% of Canadians reported taking on a side hustle in the “gig economy” to boost their income. This is a significant increase from 2022 in which the analogous percentage was 13%. This is likely a result of inflationary pressures and the expansion of opportunities available for flexible work. What is the Gig Economy?

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Accounting Today

NOVEMBER 17, 2023

How CPA firms can mitigate these risks with a hosting partner.

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CPA Practice

NOVEMBER 17, 2023

Date: Tuesday, December 12, 2023 Time: 3 PM ET /2 PM CT / 12 PM PT / 8 PM GMT Sponsor: Canopy Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. The writing is on the wall. The standard business model for accounting firms is reactive and transactional – and it’s on life support.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Insightful Accountant

NOVEMBER 17, 2023

Canopy, an accounting software provider, unveiled on November 16, Canopy Engagements. This new feature empowers accountants to automate client experiences through professional engagement letters and proposals directly within the Canopy suite.

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Cherry Bekaert

NOVEMBER 17, 2023

GSP North America (GSP) is a leading aftermarket manufacturer and distributor offering superior Automotive Aftermarket Parts in North and Latin America. Headquartered in China, GSP manufacturers and distributes their products globally through a series of distribution centers throughout North America, China and Europe. GSP engaged Cherry Bekaert’s Digital Advisory and Risk & Accounting Advisory practice to be their reliable one-stop tech shop for all their technology needs.

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Insightful Accountant

NOVEMBER 17, 2023

Judie McCarthy, Co-founder of Client Hub, walks you through the product to highlight the critical features to show you how Client Hub can help to significantly increase productivity in your firm and deliver an amazing client experience.

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Accounting Insight

NOVEMBER 17, 2023

Today, investment platform Lightyear announces the highly anticipated launch of Spanish stocks. Lightyear has connected with Madrid and Barcelona stock exchanges to offer Spanish investors the chance to buy into the IBEX 35, where 35 of Spain’s biggest companies are listed. Recent data shows that investment in funds has quadrupled in the last decade, 1 but worryingly, few Spanish people invest. 2 The fintech aims to change this with transparent and low-cost access to international markets and it

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Canopy Accounting

NOVEMBER 17, 2023

In the ever-evolving world of finance, cryptocurrency has emerged as a revolutionary digital asset class. Powered by blockchain technology, a decentralized and transparent ledger system, cryptocurrency enables secure online transactions and offers unique opportunities for investment. With its potential to disrupt traditional financial systems, cryptocurrency has garnered significant attention from individuals and institutions alike.

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Account accounted accountant Finance 52

FraudFiles

NOVEMBER 17, 2023

Would you recognize the clues that your client has been ripped off by one of its employees? Or would management conduct business as usual, blindly trusting their employees? Companies make the mistake of not actively searching for fraud.

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Accounting Today

NOVEMBER 17, 2023

Rajiv Uppal will begin assisting with the agency's transformation work in early 2024.

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Canopy Accounting

NOVEMBER 17, 2023

You know you should use engagement letters in your tax resolution cases, but you need to figure out what your engagement letter should look like. Or you've finally decided to update the same old letter you've used for years. You may be fine-tuning your current letter, intent on taking it from great to flawless. Regardless, in seven simple steps, you're in the right place to learn how to construct an engagement letter properly.

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Accounting Today

NOVEMBER 17, 2023

These six strategies might improve the flow of young people into the profession.

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Cherry Bekaert

NOVEMBER 17, 2023

In response to President Biden’s recent Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence (AI) , Cherry Bekaert stands at the forefront of innovative solutions that can help various clients navigate this evolving potential risk landscape. The Executive Order is a significant step for the United States in supporting AI. It plans to ensure AI development is safe, secure, private, fair and responsible.

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CPA Practice

NOVEMBER 17, 2023

By Jim Wyss and Angelica Serrano-Roman, Bloomberg News (TNS) A group of U.S. lawmakers is asking tax authorities to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico. Twelve Democratic members of the House of Representatives asked the IRS on Friday to expedite a congressional request for information about efforts to root out people allegedly abusing Puerto Rico’s tax benefits.

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Accounting Today

NOVEMBER 17, 2023

Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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