Thu.Feb 29, 2024

article thumbnail

Tax Return Checklist for Clients | Canopy

Canopy Accounting

With tax season officially started, you’re likely too busy to personally check in with every client to make sure they are prepared for their tax appointment. That’s why we’ve put together a tax return checklist for clients. Share this list via bulk email or through a client portal for a quick way to remind your clients how to prepare for tax season.

article thumbnail

LEAP into Compliance in 2024

TaxConnex

Happy Leap Day! While not at all related to sales tax, we thought that as we spend a day to align our seasons and the Earth’s orbit of the sun, we should also discuss how to ensure your processes align with maintaining sales tax compliance in 2024! LEAP into compliance with us as we discuss 4 specifics that need to be considered in order to maintain your compliance in 2024, and beyond.

Tax 197
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Acterys Selected as a Challenger in the 2024 Hackett Digital World Class Matrix

Acterys

Power BI Integration and Enhancements Have Brought a New Perspective Into the Market (Chicago, Il., February 27, 2024) — Acterys, a leading provider of enterprise performance management (EPM) solutions, is proud to be selected as a challenger in the 2024 Hackett Digital World Class Matrix. This inclusion represents another significant step forward in Acterys’ journey to simplify the EPM landscape and provide customers with unparalleled efficiency, accuracy, and flexibility.

130
130
article thumbnail

The IRS Is Ready to Strike the Fear of God Into Anyone Who Took ERC

Going Concern

For posterity’s sake, here’s what the IRS says about its open Employee Retention Credit (ERC) investigations as of January 25: That’s nine open investigations, 123 under review, and anyone who comes forward to say they took ERC money they weren’t entitled to before the Voluntary Disclosure Program closes on March 22 will have to give up the name of the promoter that encouraged them to take the credits.

payroll 132
article thumbnail

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

article thumbnail

Alexander Smit Named 2024 Leader in Finance

Withum

Withum is excited to share that local business publication NJBI Z has named Alexander Smit , Associate Investment Advisor, on the 2024 Leaders in Finance list. The NJBI Z Leaders in Finance Awards celebrate local finance professionals with outstanding reputations in the industry and in their communities. Lex is part of the Withum Wealth Management Team, specializing in Financial Planning.

Finance 116
article thumbnail

Why Did the PCAOB Redact KPMG’s Audit Failure Rate?

Going Concern

What the f**k is this?? 2022 PCAOB Inspection of KPMG LLP [ PDF ] WSJ doesn’t know why it was redacted either. NO ONE DOES. We’ve got some more inspection reports to dig into shortly, lots of them. EY, PwC, Deloitte, GT, BDO, RSM, Moss Adams…does anyone want to know all that? We were warned last year that this batch of PCAOB inspection reports would be “completely unacceptable” but no one said they would be completely unknowable.

audit 127

More Trending

article thumbnail

IRS targets wealthy who haven't filed taxes with non-filer notices

Accounting Today

The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017.

Tax 118
article thumbnail

Guide: How to Leverage AI for Your Business

Withum

AI is in the zeitgeist, and most of us interact with it frequently for both business and personal reasons. From, “Hey Alexa, re-order toothpaste” to automating resume scraping for job acquisitions, AI has changed our day-to-day relationship with how technology can help humans. However, knowing the power of AI and using it effectively are two very different things.

article thumbnail

IRS Gives Tax Relief Extension to Spokane, Washington, Area Taxpayers Affected by Fires

CPA Practice

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. 18, 2023. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA) , individuals and households that reside or have a business in Spokane County qualify for tax relief.

article thumbnail

Preparing for Tableau Pulse and Migrating to the Cloud

Cherry Bekaert

Tableau, from Salesforce, has recently made headlines with its new solution – Tableau Pulse. Cherry Bekaert is front and center of this solution that focuses on AI-powered insights to scale data-driven decision-making for organizations. As a leading provider of this solution, Cherry Bekaert sheds light on the features of Tableau Pulse and the necessary steps for utilizing it, which includes migrating Tableau to the cloud.

98
article thumbnail

How to Build the Ideal HR Team

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.

article thumbnail

Sage unveils host of new products, features and partnerships

Accounting Today

Sage, the company behind Sage Intaact and other products, announced a host of new products, features and partnerships at its Las Vegas conference.

article thumbnail

Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

Sports fans across the world turned their heads when Shohei Ohtani’s record breaking $700 million contract with the Dodgers was announced. Many people, myself included, were enamored with the figure alone. Ohtani is a generational talent, and it was thought that he would be receiving a contract in the $500-$600 million range. The $700 million contract was even higher than the top baseball analysts had expected.

Tax 97
article thumbnail

Spotlighting Women in Advisory Practice: Answering the call to accounting with Brittany Lanphier, CPA

ThomsonReuters

Following high school and an internship at a small business where her role included accounting work, Brittany Lanphier determined that she would definitely not study accounting in college. After being accepted at Texas A&M University Mays Business School — ranked one the most competitive business schools in the region — she progressed through her introductory business classes and then her first accounting class.

CPA 97
article thumbnail

Tax Fraud Blotter: Losing bets

Accounting Today

Shamrock shake-up; now for the slow life; Superiority complex; and other highlights of recent tax cases.

Tax 109
article thumbnail

Planning Your Restaurant's Path to Profitability

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.

article thumbnail

What Is Certified Payroll? What to Know If You Land a Federal Contract 

Patriot Software

Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll? Contractors and subcontractors working on federally funded construction projects have an additional payroll responsibility known as certified payroll.

payroll 81
article thumbnail

IRS Makes Enhancements to ‘Where’s My Refund’ Tool, So Taxpayers Can Track Refund Date and Status

CPA Practice

With millions of tax refunds going out each week, the Internal Revenue Service is reminding taxpayers that recent improvements to Where’s My Refund? on IRS.gov provide more information and remains the best way to check the status of a refund. The Where’s My Refund? tool provides taxpayers with three key pieces of information: IRS confirmation of receiving a federal tax return, approval of the tax refund and issuing date of the approved tax refund.

article thumbnail

Tax policy wonks rejoice, wealthy households cringe at IRS audit push

Accounting Today

A new GAO study adds more fuel to the research suggesting the agency should be probing more rich households. Tax pros say those efforts will have big implications.

Tax 88
article thumbnail

Xero Adds Generative AI to Business Accounting System

CPA Practice

At its inaugural Investor Day on February 28, 2024, global small business platform Xero unveiled its AI vision which the business says has the potential to reimagine accounting and improve the lives of small businesses. This included previewing ‘Just Ask Xero’ (JAX), the company’s new GenAI-powered smart business companion for small businesses and their advisors — that will help them complete accounting-related tasks and provide deep insights to enable them to run their business better.

article thumbnail

How Automation is Driving Efficiency Through the Last Mile of Reporting

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

article thumbnail

Overcome accounting complexities before an oil and gas acquisition

Accounting Today

Complex transactions in this industry can trigger accounting and reporting issues that may result in SEC letters, restatements and challenging conversations with investors.

Account 65
article thumbnail

My Opinions About 2023’s Stock Market Performance

Withum

2023 was a good year for the stock market with all major indexes up. When the market is up, most everyone is happy, but not everyone. There are many people who try to beat the market, and what they buy drops, or they sell stock short or sell or buy put-and-call options or do other things that add risk while chasing higher returns, hoping to outsmart the other investors.

article thumbnail

FAF reevaluates role of PCC

Accounting Today

The Financial Accounting Council is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.

article thumbnail

How to Make Rental Loss Deductible: Active Participation vs. Material Participation

KROST

It is helpful for taxpayers with rental properties to know the rules and regulations about deductible rental losses. Understanding the difference between active participation and material participation is crucial as these two terms play a big role in determining the deductibility of rental losses. In general, rental activity is considered a passive activity that creates Read the full article.

article thumbnail

Recruit and Retain New Blue-Collar Talent

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.

article thumbnail

British trader pleads guilty to tax scandal charges in Denmark

Accounting Today

A British hedge fund trader pleaded guilty to allegations he helped swindle Denmark out of about 8.4 billion kroner ($1.2 billion) in a massive Cum-Ex scandal that rocked the Nordic country.

Tax 62
article thumbnail

Quality, Consistency, Patience: SEO is a Long-term Play

Summit CPA

A Conversation with SEO Optimizer’s Brandon Leibowitz Can you imagine ranking at the top of a search results page within a week of launching a new business? That’s what happened in the early 2000s when we started offering virtual CFO services. The catch? Back then, very few people were searching for those keywords because we essentially invented the concept and decided on a name.

cpas 59
article thumbnail

Xero announces gen AI solution as part of wider AI push

Accounting Today

Business management solutions provider Xero announced a new generative AI solution as part of a wider push to incorporate more AI into its products.

article thumbnail

Reinventing Innovation: Using AI to take R&D from Art to Science

Cherry Bekaert

Contributor: Rashaad Balbale Faced with increasingly inconsistent innovation pipelines and mixed results in market, a leading consumer products company knew it needed to develop a radically different approach to innovation. The company partnered with T&Co by Cherry Bekaert to upend decade-long practices by leading with artificial intelligence (AI) to design an entirely new model for research & development (R&D).

article thumbnail

Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

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.

article thumbnail

H&R Block to Release Streaming Comedy Series, ‘Responsibility Island’

CPA Practice

H&R Block will make its debut in the entertainment world with the premiere of “Responsibility Island,” a short format scripted reality TV series that brings levity to taxes. The comedic satire is comprised of four short episodes, featuring a dynamic and hilarious cast. All four episodes will air on Friday, Feb. 16, on The Roku Channel, YouTube or H&R Block’s website.

article thumbnail

Innovating with AI in Manufacturing: Consumer Products Case Study

Cherry Bekaert

Contributor: Rashaad Balbale Faced with increasingly inconsistent innovation pipelines and mixed results in market, a leading consumer products company knew it needed to develop a radically different approach to innovation. The company partnered with T&Co by Cherry Bekaert to upend decade-long practices by leading with artificial intelligence (AI) to design an entirely new model for research & development (R&D).

article thumbnail

March 1 Tax Deadline Nears for Many Farmers, Fisherman

CPA Practice

Businesses with income from farming or fishing that have not paid all of their 2023 tax year estimated taxes by Jan. 16 must file their tax returns and pay their entire tax due on or before March 1. Only those taxpayers that have paid their estimated tax payments by Jan. 16 can file by the regular April 15 deadline and avoid estimated tax penalties, the IRS said.

article thumbnail

HITRUST Services for a Healthcare Company

Cherry Bekaert

A $10 million private company that is an industry leader in enterprise data migration, integration and web application solutions for healthcare and other major industries. Situation A large healthcare company (“Company”) was seeking HITRUST certification and approached Cherry Bekaert’s Information Assurance and Cybersecurity team for HITRUST assessment services for their historical clinical records solution, a platform that helps hospitals centralize patient information from a variety of Electr

article thumbnail

How CPA Firms Can Profit From Payroll Services Without the Extra Work

"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.