Accounting Today

OCTOBER 16, 2023

Stephen Vono and John Raspante of McGowan Pro look at the new areas that are sparking claims against firms — and the tools they can use to protect themselves.

Account 122

Account accountant accounted 122

MyIRSRelief

OCTOBER 16, 2023

When it comes to navigating the complex world of taxes, understanding deductions and credits is like having a secret treasure map to unlock potential savings. Tax deductions and credits are powerful tools that can help individuals and businesses reduce their tax liabilities, putting more money back in their pockets. In this comprehensive guide, we will explore a wide array of deductions and credits available to individual and business taxpayers, shedding light on the financial opportunities they

Tax 130

Tax income tax Education tax return 130

Accounting Today

OCTOBER 16, 2023

The National Association of Enrolled Agents is asking the Internal Revenue Service to resume sending reminder notices immediately to non-filers and those with balances due of more than $10,000.

Tax 130

Tax 130

CPA Practice

OCTOBER 16, 2023

By Daniel F. Rahill, CPA/PFS, JD, LL.M., CGMA Since the beginning of the COVID-19 pandemic, median home prices in the United States have skyrocketed, increasing by 41.6% from March 2020 to July 2023 as inventories have declined, according to the National Association of Realtors. The pandemic-driven shift to remote work, increasing demand for suburban and rural homes, and formerly low interest rates combined to accelerate demand and home values.

Sales 122

Sales Real Estate Tax tax planning 122

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

Withum

OCTOBER 16, 2023

The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. Hospitals and medical practices that fall victim to cyber-attacks can be left figuring out how to operate without their daily information systems. This has led to patientsreceiving incorrect medicine dosages, delayed operations, and diverted healthcare, such as ambulances being rerouted to other facilities, threaten

Healthcare 110

Healthcare Rhode Island West Virginia North Carolina 110

CPA Practice

OCTOBER 16, 2023

As of June 30, the IRS has spent approximately $1.95 billion, or 2.5%, of the nearly $80 billion the agency will receive from the Inflation Reduction Act, according to a new report from the Treasury Inspector General of Tax Administration (TIGTA). TIGTA conducted its review to provide periodic reporting on how the IRS is using and accounting for Inflation Reduction Act funds.

Tax 120

Tax Account accountant accounted 120

CPA Practice

OCTOBER 16, 2023

By Nellie Akalp. Accountants are crucial for guiding clients through the various financial and administrative aspects of running a business. Tasks like meeting minutes might not be the most exciting part of running a business, but they are crucial for ensuring transparency, accountability, and legal compliance. As the year-end approaches, your business clients must ensure they have taken proper meeting minutes.

Legal 116

Legal payroll tax audit payroll 116

Accounting Today

OCTOBER 16, 2023

The Illinois governor's comments follow months of speculation over how Chicago Mayor Brandon Johnson plans to raise revenue to tackle the city's embattled finances.

Illinois 112

Illinois Tax Finance tax planning 112

CPA Practice

OCTOBER 16, 2023

The projected gross tax gap—the difference between the total taxes owed to the federal government and how much is collected on time—increased to $688 billion for tax year 2021, the IRS said on Oct. 12. The new estimate reflects a rise of more than $192 billion from the prior estimates for tax years 2014 to 2016 and an increase of $138 billion from the revised projections for tax years 2017 to 2019.

Tax 116

Tax audit Government Account 116

Insightful Accountant

OCTOBER 16, 2023

As the last piece in our QuickBooks Desktop 2024 series, Murph is giving us another of his favorite feature picks or, as he likes to call them, "his favorite newbies.

quickbooks 111

quickbooks 111

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.

CPA Practice

OCTOBER 16, 2023

October 16 is this year’s deadline for taxpayers who requested additional time to file their taxes. Automatic extensions are available to virtually anyone who request it. This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline.

South Carolina 112

South Carolina Georgia income tax Vermont 112

Accounting Today

OCTOBER 16, 2023

The manner in which Charles Littlejohn pulled off one of the most egregious security breaches in IRS history was revealed in a court filing.

Tax 120

Tax tax return 120

Insightful Accountant

OCTOBER 16, 2023

The new resource for business leaders helps accountants share this quarterly workforce report with their clients looking for actionable insights to improve business operations.

Account 102

Account accountant accounted 102

Going Concern

OCTOBER 16, 2023

Videoconference tech company Owl Labs has released its 2023 State of Hybrid Work report and boy is there a lot to cover. When Fortune wrote it up a few days ago , one item they chose to highlight is how much it’s costing workers to be back in the office: the average is $51 a day, $71 a day for workers with pets. The total, says Owl Labs, breaks down as follows: $16 – Lunch $14 – Commuting costs $13 – Breakfast/coffee $8 – Parking ($20 – pet care) Employees who work a hybrid schedule, the c

Gaming 103

Gaming 103

Advertisement

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

Accounting Today

OCTOBER 16, 2023

The Internal Revenue Service is trying to leverage the extra funding to collect more taxes, but has spent surprisingly little so far.

Tax 120

Tax 120

CPA Practice

OCTOBER 16, 2023

From Kiplinger Consumer News Service (via TNS). Retirement is a milestone many look forward to, marking the end of our working lives and the beginning of a new chapter. However, turning your retirement savings into a stable and sustainable income can be challenging. As life expectancies increase and pension systems continue to shift away from traditional plans and move towards consumer-saving plans like 401(k)s and annuities, smart strategies can help make your hard-earned money last a lifetime.

Healthcare 98

Healthcare Real Estate Washington accounting and finance 98

Withum

OCTOBER 16, 2023

The number of cyber incidents within the healthcare industry has continued to increase, ranging from isolated incidents to targeted attacks that have grown in their material impacts. Hospitals and medical practices that fall victim to cyber-attacks can be left figuring out how to operate without their daily information systems. This has led to patients receiving incorrect medicine dosages, delayed operations, and diverted healthcare, such as ambulances being rerouted to other facilities, threate

Healthcare 98

Healthcare Rhode Island West Virginia North Carolina 98

CPA Practice

OCTOBER 16, 2023

By Jeff Ostrowski, Bankrate.com (via TNS). Much to the chagrin of would-be homebuyers, property prices just keep rising. It seems nothing — not even the highest mortgage rates in nearly 23 years — can stop the continued climb of home prices. Prices increased once again in July, according to the latest S&P CoreLogic Case-Shiller home price index , with 19 out of 20 markets measured showing month-over-month gains.

Real Estate 98

Real Estate Construction Start-ups Sales 98

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.

Reckon

OCTOBER 16, 2023

With the pandemic bringing forward the immense possibilities of working from home, Australia has been no slouch in adopting home businesses. With high-speed internet, tax incentives , ease of entry, and a wide range of possible start-up ideas, creating a home business has never been more accessible and plausible. All you have to do is get yourself an ABN, register as a Sole Trader and off you go!

bookkeeping 97

bookkeeping Education Retail Start-ups 97

inDinero Accounting

OCTOBER 16, 2023

Applying for an SBA loan can be a daunting task. The Small Business Administration (SBA) offers a variety of loan programs designed to help entrepreneurs get the financial support they need. Still, the information available makes it difficult to know whether or not an application is even likely to succeed. In this article, we’ll provide a snapshot of the minimum requirements for an SBA loan and a detailed overview of the documents you must submit to apply.

tax return 95

tax return Real Estate Non-Profits income tax 95

GrowthForceBlog

OCTOBER 16, 2023

S ince 2000, the FDIC has recorded 565 bank failures in the United States. The number of bank failures peaked between 2009 and 2012 in the wake of the Great Recession.

bookkeeping 89

bookkeeping Account accountant accounted 89

Going Concern

OCTOBER 16, 2023

Good morning! It’s Monday again. And also October 16. Ugh. Well let’s do this I guess. Deloitte Netherlands Chief People and Quality Officer Rob Bergmans has quit. Last we checked in on the Dutch, it was KPMG that had gotten busted for cheating (See: Dutch KPMG Cheaters Might Get a Call From the PCAOB ), an event that claimed a couple of directors over there.

Account 70

Account accountant accounted Tax 70

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.

CPA Practice

OCTOBER 16, 2023

Tax season poses immense challenges for accounting firms. Capacity constraints force CPAs to work overtime to meet tight deadlines. Many firms turn to outsourcing as a solution. But, not all outsourcing is created equal. So how can firms ensure they implement outsourcing in a way that enhances, rather than hampers, operations? In this white paper, we explore how firms achieve faster turnarounds, improved workflows, and better client service through domestic outsourcing providers.

cpas 69

cpas Education accounting firms Tax 69

Accounting Today

OCTOBER 16, 2023

The ACCA, IFAC and the INTOSAI Development Initiative are teaming up on guidance on sustainability reporting and assurance for the public sector.

Account 71

Account accountant accounted Government 71

CPA Practice

OCTOBER 16, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) Many Californians thought their taxes were due today (Oct. 16), but the IRS has further postponed tax deadlines for people in 58 counties impacted by natural disasters last winter. As Kiplinger reported, the new postponement means that many California taxpayers and businesses now have until Nov. 16, 2023, to file their 2022 federal income tax returns and pay any tax due.

California 65

California Tax tax return income tax 65

Withum

OCTOBER 16, 2023

With hundreds of video games hosting professional competitions and tournaments for increasing prize pools and opportunities, it is easy to get lost in the rapidly growing market that is Esports. For many, it may be beneficial to look at one of the oldest and most profitable games in the industry to get a better sense of it all: Dota 2. Dota 2 (Defense of the Ancients) is a PC game officially released by Valve Corporation in 2013.

Gaming 59

Gaming Sales 59

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

Accounting Insight

OCTOBER 16, 2023

How can manufacturers navigate the ever-evolving and increasingly complex world of value added tax (VAT)? There are several, key ways to evaluate your current and future approach to VAT, maintaining compliance the entire way. 1. Ensure alignment between IT and tax teams Far too often we have seen IT-centric processes miss (or at least misunderstand) key compliance needs and requirements, and tax-centric processes fail to consider the practicalities of automation.

Manufacturing 59

Manufacturing Tax audit Account 59

Accounting Today

OCTOBER 16, 2023

The telecommunications company replaced Deloitte as its auditor with KPMG International. The decision was questioned by shareholders.

auditor 68

auditor audit Account accountant 68

VJM Global

OCTOBER 16, 2023

GST Council met for 52nd time on 7th October, 2023 under the chairmanship of Hon’ble Finance and Corporate affair minister. GST Council discussed various aspects such as Amnesty Scheme for filing of GST Appeal , Clarification on applicability of GST on Guarantee services provided by director and company, changes in GST rates etc. GST Council recommendations are categorized in following parts: Suggestions for facilitation of trade Changes in GST rates of goods and services ; Recommendations to is

Transportation 52

Transportation Tax accounting and finance Manufacturing 52

Accounting Today

OCTOBER 16, 2023

Residents in 55 out of 58 counties have an extra month to file and pay.

California 93

California Tax 93

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.