Accounting Today

DECEMBER 15, 2022

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RogerRossmeisl

DECEMBER 15, 2022

As posted to IRS.gov as Tax Tip 2022-117 on 8/2/2022 A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors. An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done.

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cpa Legal tax cpa firm 189

MyIRSRelief

DECEMBER 15, 2022

How to fix my messy back-years accounting for my Los Angeles, CA business? If you have messy books for many back years of accounting, it can be overwhelming to try to organize and clean them up. Here are some steps you can take to tackle the task: Take an inventory: First, make a list of all the records you have, including bank/credit card statements, invoices, receipts, and other documents.

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tax accountant tax Account accountant 130

BurklandAssociates

DECEMBER 15, 2022

Startups that leverage real-time data for forward-looking Financial Planning & Analysis gain a powerful competitive advantage in the market. The post How FP&A Helps Startups Leverage Real-Time Data to Scale Smarter appeared first on Burkland.

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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.

Intuitive Accountant

DECEMBER 15, 2022

The scholarships will focus on a wide variety of programs for graduate and undergraduate students and people seeking to become accounting educators. Check out the details here.

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ThomsonReuters

DECEMBER 15, 2022

QUESTION: Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals. (Last week’s Checkpoint Question of the Week included acronyms primarily used in our ERISA Compliance, Self-Insured Health Plans, Cafeteria Plans, Consumer-Driven Health Care, and Fringe Benefits manuals, and in nex

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ThomsonReuters

DECEMBER 15, 2022

Final Regulations: Information Reporting of Health Insurance Coverage and Other Issues under Sections 5000A, 6055, and 6056, 26 CFR Parts 1 and 301, 87 Fed. Reg. 76569 (Dec. 15, 2022). Available at [link]. The IRS has released final regulations addressing extended deadlines for certain Affordable Care Act (ACA) information reporting requirements. As a reminder, Forms 1094-B and 1095-B are filed by minimum essential coverage providers (insurers, government-sponsored programs, and some self-insur

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Patriot Software

DECEMBER 15, 2022

Arizona employers, you may know that Senate Bill 1828 substantially reduced the state’s income taxes starting with the 2022 tax year. But did you also know that it requires employer action for the 2023 tax year? You must now give all employees—not just new hires—a new AZ state income tax form. Read on to learn […] READ MORE.

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income tax tax Arizona payroll tax 91

KROST

DECEMBER 15, 2022

As one annually services their automobile for an oil change and routine maintenance, it is also prudent to review your trust to confirm that your original documents are consistent with your wishes. At a minimum, one should look at the following provisions of their trust to determine if any changes are required: Successor Trustee – Read the full article.

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tax 79

Patriot Software

DECEMBER 15, 2022

Withholding federal income tax from employee wages is a necessary (but tricky) part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, Form W-4 withholding information, and filing status. But, what is filing status? You need to have […] READ MORE.

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payroll income tax tax payroll tax 91

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

Technology

Lockstep

DECEMBER 15, 2022

The Lockstep Receivables application is recognized as an “Acumatica-Certified Application” for 2022 updates. Seattle, WA – (December 14, 2022) – Lockstep , the connected accounting network, announced that its software, the award-winning Lockstep Receivables has been validated to work with the latest upgrades and updates of Acumatica, 2022 R2 and R1.

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Patriot Software

DECEMBER 15, 2022

People are budgeting more than ever—86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must. Like […] READ MORE.

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AccountingDepartment

DECEMBER 15, 2022

The year is drawing to a close, setting the stage for a bright 2023. If you own or manage a business of any type or size, it is definitely time to prepare for the transition to the new year, if you haven't already.

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Withum

DECEMBER 15, 2022

One of the most powerful applications of technology is automation, which allows companies to reduce the time it takes to complete a task, thus freeing up their staff for more rewarding tasks and saving them money. The process can feel overwhelming if you’re thinking about bringing automation into your company. If you’re an owner or manager of a lodging or hotel business, implementing process automation can provide benefits that will result in higher efficiency and reduced costs.

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Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

Technology

Going Concern

DECEMBER 15, 2022

In a profession already notorious for burnout, staffing crises continue to wreak havoc on the personal lives of accountants everywhere much to the detriment of firms that refuse to turn down work yet lack the warm bodies to get it done. Grant Thornton has a crazy idea to alleviate at least a little of that. Australian Financial Review reports that GT is trialing a “nine-day fortnight” schedule starting next March without cutting anyone’s pay, so in essence it’s a two-week

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accounting firms Start-ups Account accountant 62

Withum

DECEMBER 15, 2022

You live in this technologically forward world, you try to keep up with the latest trends, like trying to learn those new TikTok dances; well, maybe not so much, but you do have this significant business venture with compelling ideas, innovative products and services with no idea where to start sharing it. Do not worry; we got you covered! Gaining the proper exposure for your business is vital to growth and success, and Withum knows where you can begin!

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Technology Legal Start-ups 69

Going Concern

DECEMBER 15, 2022

It was 1985 when Italian-born Carmine Di Sibio joined EY as an auditor, 34 years later he would ascend to global chairman and CEO, a role he continues to occupy today. Soon, he might end up leading the consulting business should the firm’s 13,000 partners vote for a consulting/audit split in a few months. Although details of the split are still being hammered out internally, one important decision has been made.

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audit auditor Government tax 62

ThomsonReuters

DECEMBER 15, 2022

What is sustainability auditing ? D ue to increased demand from investors and other stakeholders, and the benefits to be gained from becoming more environmentally responsible, a growing number of companies are incorporating sustainability into their business strategies. . Su stainability refers to a company’s strategy to reduce its negative impact on the environment and overall society. .

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

Intuitive Accountant

DECEMBER 15, 2022

Xero Economist Louise Southall breaks down some of the things you need to do while the economy continues to sort itself out.

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ThomsonReuters

DECEMBER 15, 2022

In a recent Pulse of the Practice episode , Mo Arbas , a consultant for Thomson Reuters Tax and Accounting, and Paul Miller, founder and owner of Business By Design in Minneapolis, Minn., had a timely discussion about the Inflation Reduction Act. They talked about some of the key provisions in the bill and the opportunities they can present for firms. .

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Start-ups tax audit Maine 59

MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. As a result, it is important that AP teams comply with relevant regulations and standards. Thankfully, an AP automation solution can help keep your business up to date with regulations and maintain compliance by streamlining processes, improving visibility, and reducing risks.

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ThomsonReuters

DECEMBER 15, 2022

2022 Form 5500, Schedules, and Instructions. Form 5500 Series. News Release. The DOL, IRS, and PBGC have released the 2022 Form 5500 series, including Form 5500-SF, Schedules, and Instructions. The substantive revisions for 2022 reflect Code and ERISA amendments made by the SECURE Act and were described in a previous agency action (see our Checkpoint article ).

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tax Account accountant accounted 52

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.

Menzies

DECEMBER 15, 2022

Menzies LLP - A leading chartered accountancy firm. The Register of Overseas Entities came into force in the UK through the new Economic Crime (Transparency and Enforcement) Act 2022. This means that any overseas entities who want to buy, sell or transfer property or land in the UK, must register their registrable beneficial owners or managing officers with Companies House.

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chartered accountant accounting firms Account accountant 52

Intuitive Accountant

DECEMBER 15, 2022

The IRS is recruiting volunteers nationwide to help taxpayers the 2023 filing season.

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Accounting Today

DECEMBER 15, 2022

tax 101

tax tax preparation 101

TaxConnex

DECEMBER 15, 2022

Looking to find out more about TaxConnex? What better way than hearing from our founders and partners? Learn from the best by hearing from the ones that built TaxConnex. Over the next few months, we will be highlighting the Partners of TaxConnex. Next up, our CRO, Brian Greer. Gain insight into Brian's career and his plans for our future as well as how sales tax has evolved over the years.

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tax Sales tax services Start-ups 130

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Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

Finance

Accounting Today

DECEMBER 15, 2022

tax 101

tax tax preparation 101

Anders CPA

DECEMBER 15, 2022

The Inflation Reduction Act of 2022 (IRA) has expanded the 179D deduction and 45L tax credit, adding several new requirements to the tax breaks for energy efficient building and home deductions. To qualify for either tax break, real estate owners must comply with the new guidelines if they want to max out the credit. We cover those updated guidelines below and what benefits real estate owners might expect to see from these expanded tax credits and deductions.

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Accounting Today

DECEMBER 15, 2022

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Technology tax 98

ThomsonReuters

DECEMBER 15, 2022

Respect for Marriage Act, Pub. L. No. 117-228 (Dec. 13, 2022). Available at [link]. Congress has passed, and the President has signed, bipartisan legislation requiring federal and state governments to recognize same-sex marriages that were valid where and when they were entered into and formally repealing the Defense of Marriage Act (DOMA). As background, in 2013, the U.S.

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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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