AccountingDepartment

DECEMBER 21, 2023

Outsourced client accounting services play a crucial role in helping businesses take control of their financials. These services involve outsourcing the accounting and bookkeeping tasks to a third-party service provider, allowing businesses to focus on their core operations. The role of outsourced client accounting services goes beyond basic bookkeeping; it includes managing accounts payable and receivable, payroll processing, financial reporting, and more.

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bookkeeping Account accountant accounted 89

Acterys

DECEMBER 21, 2023

From startups to multinationals, Microsoft Excel is at the core of countless organization’s reporting and financial planning and analysis (FP&A). IDC reveals that 64% of businesses still lean on spreadsheets for their financial operations. Excel’s appeal lies in its simplicity and cost-effectiveness, but it’s not without limitations.

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Government accounting and finance Start-ups Maine 246

TaxConnex

DECEMBER 21, 2023

It’s the end of the year and as we all start to think about our New Year’s resolutions, it’s also a good time to start thinking about correcting any sales tax missteps your business may be facing. Maybe you’ve just figured out that you have nexus and were non-compliant without realizing it, or maybe you’ve been rolling the dice and crossing your fingers you won’t get audited but your liability is growing and you’re ready to make a change – no matter your situation, if you have established nexus,

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Sales Tax audit tax accountant 219

Going Concern

DECEMBER 21, 2023

Although hiring a former PCAOB staffer and using their insider knowledge to improve your inspection rate is highly frowned upon as KPMG learned in 2019 , the PCAOB does throw audit firms a bone and release things like the December 20th “Staff Priorities for 2024 Inspections and Interactions With Audit Committees” spotlight [ PDF ] to warn them what to look out for in future inspections.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

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

Accounting Today

DECEMBER 21, 2023

Those 73 and older need to make sure they're taking their required minimum distributions from IRA and other retirement accounts.

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Account accountant accounted Tax 123

Withum

DECEMBER 21, 2023

Withum is thrilled to share that Lena Combs, Partner and Practice Leader of Withum’s Hospitality Services Practice, has been inducted into the International Society of Hospitality Consultants (ISHC). ISHC is the leading source of global hospitality expertise. Membership in ISHC is by invitation only, and members are viewed as leaders in their respective areas of expertise.

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Hospitality audit Account accountant 105

Insightful Accountant

DECEMBER 21, 2023

Intuit's latest release updates to QuickBooks Desktop 2024, 2023 and 2022 are aimed as "Mass Migration" to QuickBooks Online.

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quickbooks 111

CPA Practice

DECEMBER 21, 2023

By Robert A. Guy, RICP, Kiplinger Consumer News Service (TNS) Making tax-deductible contributions to your retirement accounts can seem like a luxury. However, they might become a burden in retirement if you don’t plan ahead. If you’ve been saving in a 401(k) or other employer-sponsored retirement plan, a traditional IRA or other IRA-based plans, Uncle Sam will eventually come knocking for the tax revenue in the form of required minimum distributions (RMDs).

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Tax income tax tax planning Legal 115

CTP

DECEMBER 21, 2023

Sometimes we don’t recognize a good thing until it is gone. For most, that is turning out to be the case with Qualified Opportunity Funds (QOFs). Often misunderstood and underutilized, QOFs provide a tremendous opportunity for long-term tax-free growth of wealth, similar to a ROTH IRA. Historical Background Opportunity Zones were created through the Tax Cuts and Jobs Act of 2017; a brainchild of a Silicon Valley entrepreneur, Sean Parker who made his fortune developing Napster, Spotify, and Face

Tax 85

Tax Real Estate accounting and finance Construction 85

Accounting Today

DECEMBER 21, 2023

The IRS is forming a centralized oversight strategy for digital assets, but implementing it has been frustrated by delays in the regulatory approval process.

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Technology 88

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.

SkagitCountyTaxServices

DECEMBER 21, 2023

In many ways, year-end couldn’t come at a worse time. As if December holiday crazymaking wasn’t enough, as a business owner you’re also responsible for compiling an entire year’s worth of reporting data into comprehensible form for your accountant, with enough time to spare to make proactive decisions that will improve your tax standing and long-term profitability.

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bookkeeping Tax Sales CPA 77

Accounting Today

DECEMBER 21, 2023

Financial advisors and tax professionals serving self-employed and other entrepreneurial clients start with a choice between two methods, then make careful calculations.

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Tax 83

CPA Practice

DECEMBER 21, 2023

Finding a PIG in a Poke With the end of the year rapidly approaching, wealthy investors may be looking to “get dirty.” Specifically, they may want to invest in a PIG—the acronym for Passive Income Generator—to absorb suspended losses from other passive activities. This year-end strategy is a twist on techniques that investors often used in days of yore.

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Real Estate Tax Start-ups 59

Going Concern

DECEMBER 21, 2023

So longtime NASBA president Ken Bishop announced his retirement at NASBA’s 116th Annual Meeting held in late October/early November which obviously means they’re looking for a new one. His retirement is effective July 31, 2024. Bishop joined NASBA in 2007 and has held the president and CEO position since January of 2012. Prior to ascending to the role of president over the entire shebang, he was executive vice president and chief operating officer.

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CPA cpas Tennessee Account 57

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CPA Practice

DECEMBER 21, 2023

U.S. employers are planning an overall average salary increase of 4.0% for 2024. That’s according to the latest Salary Budget Planning Survey by WTW, a global advisory, broking and solutions company. Though down from the actual average increase of 4.4% in 2023, the numbers remain well above the 3.1% salary increase budget in 2021 and years prior. Inflationary pressures (55%) and concerns over a tight labor market (52%) are the primary influencing factors behind salary increase budgets, both cite

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Accounting Today

DECEMBER 21, 2023

Often enough, creating capacity isn't about hiring people.

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CPA Practice

DECEMBER 21, 2023

As macroeconomic trends upend long-term planning, business cycles are turning over faster than ever. Recent tax changes coupled with the potential for an economic slowdown have made it even more critical for companies and individuals to make smart decisions on investments and financing. To help companies and individual taxpayers understand their planning options, Grant Thornton LLP, one of America’s largest professional services firms, has released 2024 tax-planning guides for businesses and ind

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tax planning Tax Real Estate accounting and finance 59

Insightful Accountant

DECEMBER 21, 2023

Figured is a farm financial management software that is helping farming teams across the United States, New Zealand, Australia, and the United Kingdom better manage the profitability of their operations.

quickbooks 52

quickbooks 52

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.

CPA Practice

DECEMBER 21, 2023

Although a growing number of states have enacted paid sick leave laws, the share of the lowest-wage workers with access to that benefit has nearly doubled from 20% to 39% since 2010, according to a new Economic Policy Institute report. Overall, access to paid sick days has increased from 63% to 78% for all U.S. private-sector workers since 2010. However, lack of paid sick days is still a real problem for many workers—especially low-wage workers.

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CTP

DECEMBER 21, 2023

Sometimes we don’t recognize a good thing until it is gone. For most, that is turning out to be the case with Qualified Opportunity Funds (QOFs). Often misunderstood and underutilized, QOFs provide a tremendous opportunity for long-term tax-free growth of wealth, similar to a ROTH IRA. Historical Background Opportunity Zones were created through the Tax Cuts and Jobs Act of 2017; a brainchild of a Silicon Valley entrepreneur, Sean Parker who made his fortune developing Napster, Spotify, and Face

Tax 52

Tax Real Estate accounting and finance Construction 52

CPA Practice

DECEMBER 21, 2023

By Mike D’Avolio, CPA, JD. The Inflation Reduction Act of 2022 was signed into law Aug. 16, 2022, and provides numerous tax deductions and tax credits for individuals, families, and businesses. New tax incentives were added, and existing tax incentives were extended and enhanced. Now your individual clients can save money on their tax returns and conserve energy to help out the environment through tax credits for new clean vehicles and previously owned clean vehicles.

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tax return Manufacturing Tax CPA 52

Shay CPA

DECEMBER 21, 2023

Over here at ShayCPA, we’ve grown and learned a lot over the course of 2023. As I look back, I have a lot of gratitude. This year, there were quite a few different highlights. We had some amazing accomplishments, including hitting our ten-year anniversary. And we’ve navigated some roller coasters, too, from the Silicon Valley Bank collapse to generative AI’s potential.

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CPA quickbooks tax planning Tax 52

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.

Summit CPA

DECEMBER 21, 2023

Virtual CPA Success Show Podcast Episode 106 Joey and Jody chat with Brandon Leibowitz, founder and operator of SEO Optimizers. They discuss the importance of consistency and quality in SEO, as well as the need for good content and the incorporation of social media. Brandon explains the changing landscape of Google's algorithms and the focus on high-quality content and backlinks, vs generating content for the sake of it.

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CPA 52

Accounting Today

DECEMBER 21, 2023

The board's target team shared the results of its in-depth exploration of emerging audit risk.

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audit 71

CPA Practice

DECEMBER 21, 2023

By Lauren Stinson Since the South Dakota v. Wayfair ruling more than five years ago, economic nexus has remained as a huge factor for sales tax implications. Following the Supreme Court ruling, many states quickly adopted economic nexus laws, which have required companies selling in a multistate environment to collect tax in states that they have a substantial amount—as defined by each state—of sales.

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South Dakota Sales Tax tax return 50

Accounting Today

DECEMBER 21, 2023

Get with the Program; root causes; significant others; and other highlights of recent tax cases.

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Tax tax preparation 66

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

Insightful Accountant

DECEMBER 21, 2023

Some of our readers have sent me an email asking that I republish my traditional English Christmas pudding recipe. So Happy Holidays!

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Accounting Today

DECEMBER 21, 2023

A recent survey has found that, aided by automation, the month-end close takes less than a week for the majority of organizations, and for many it's only 1-2 days.

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Technology 51

Accounting Today

DECEMBER 21, 2023

If finalized by the board, the chapter would represent the completion of the FASB's Conceptual Framework.

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accounting standards Account accountant accounted 54

Accounting Today

DECEMBER 21, 2023

New guidance from the IRS in Notice 2024-05 provides a safe harbor for certain vehicles.

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Tax 51

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.