CPA Practice

SEPTEMBER 22, 2023

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) IRS audits raise anxiety for many taxpayers. What can be even more frustrating is when those examinations seem unevenly targeted to taxpayers with lower incomes. That’s been the case with the earned income tax credit (EITC), which has been the subject of recent controversy. (A study released earlier this year found that the IRS audits Black taxpayers at about three to five times higher rates than the agency audits other taxpayers.

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audit income tax tax return Tax 119

Accounting Today

SEPTEMBER 22, 2023

The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.

Tax 113

Tax Technology 113

Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Don’t blame me, blame WSJ. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” Ruh-oh. The New York resident found accounting work monotonous, with little room for creativity or growth, and maximum salaries weren’t as high as he would have liked

Account 113

Account accountant accounted CPA 113

Accounting Today

SEPTEMBER 22, 2023

NFPs may not be like the NFL, but they can borrow a page from the playbook to tackle operational and bookkeeping hurdles and score the ultimate touchdown: accomplishing their mission.

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bookkeeping Gaming Non-Profits Account 113

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.

Account

Cherry Bekaert

SEPTEMBER 22, 2023

In the six years since its introduction, the Opportunity Zone (OZ) program continues to gain more attention and broader success. Despite recent macroeconomic volatility, this year has seen increased excitement and a wider range of achievements. The Tax Cuts and Jobs Act of 2017 (TCJA) gave way to the OZ program, which instantly became a hot topic across the real estate industry.

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Real Estate Agriculture Construction Non-Profits 111

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. Miller was appointed vice president for finance in April 2020 and also serves as the university treasurer. In these roles, he provides financial leadership in support of Virginia Tech’s mission and serves as a trusted, collaborative resource for university leadership.

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audit accounting and finance Virginia auditor 107

CPA Practice

SEPTEMBER 22, 2023

Top 20 accounting firm CohnReznick has reached a milestone, as it is opening its 30th office location in the U.S. Office No. 30 will be in Denver—CohnReznick’s first location in Colorado—and it will officially open in early October, the firm said earlier this week. The office will be home to a team of professionals who have expertise in the many different industries that comprise the Denver market, including real estate (commercial, affordable), financial services, and hospitality, according to

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Colorado Real Estate Florida Hospitality 105

Accounting Today

SEPTEMBER 22, 2023

The board released an annual update of its ethics code to reflect the latest changes in auditing and quality management standards.

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Account accountant accounted audit 117

Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

Starting a business is hard work. In addition to creating your core product or service , you also need to have a working knowledge of numerous other facets of business including marketing, IT, accounting and operations. In the early stages cost constraints may prevent you from hiring additional staff or even outside contractors to handle some of these roles may not be an option.

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Tax income tax tax return accounting and finance 98

Accounting Today

SEPTEMBER 22, 2023

There will always be both business owners and individuals who drag their feet on different elements of their financial planning.

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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.

Randal DeHart

SEPTEMBER 22, 2023

A fractional CFO, or Chief Financial Officer, is a finance professional working part-time, retainer, or contract. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients simultaneously, typically on a part-time, retainer, or contract basis.

Construction 88

Construction Start-ups Finance quickbooks 88

Accounting Today

SEPTEMBER 22, 2023

The service is developing a contingency plan that may involve cutbacks if Congress can't reach a deal.

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Government Tax 117

Going Concern

SEPTEMBER 22, 2023

Ed. note: the following is by Joseph P. Petito, Esq. Joe currently serves on the Maryland State Board of Accountancy and the board of directors of the NASBA Center for the Public Trust. Full bio at the bottom. I love accounting. Though an attorney and not a CPA, I’ve spent over 30 years in and around the CPA profession, retiring from PwC as a Principal.

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Maryland CPA cpas North Carolina 62

Accounting Today

SEPTEMBER 22, 2023

If clients don't know what their future selves look like, they can't finish the planning process. That's where you (and behavioral finance) come in.

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Finance 68

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.

Withum

SEPTEMBER 22, 2023

A good friend, colleague and writing partner passed away Sunday. Sidney Kess was 97. We spoke at least once a week and are scheduled to co-present a continuing education program on October 18th. I first “met” Sid in 1967 when I attended one of his early Tax Workshops my boss sent me to. I spent a day with a few hundred other CPAs getting a tax update and thought Sidney was the smartest tax person in the world.

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cpas Education Tax Entertainment 59

Accounting Today

SEPTEMBER 22, 2023

LBMC and Wilkin & Guttenplan both announce next managing partners; CohnReznick names cannabis industry practice leader; and more news from around the profession.

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Canopy Accounting

SEPTEMBER 22, 2023

In the ever-changing financial landscape, regulations established by governing bodies are crucial for maintaining stability and integrity. They serve as the foundation of the financial system, ensuring fair practices, transparency, and accountability. These regulations set standards and guidelines for financial institutions and market participants, protecting consumers, preventing fraud, and promoting a level playing field.

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Account accountant accounted Government 59

Patriot Software

SEPTEMBER 22, 2023

You’ve likely heard about—or experienced firsthand—a shortage of accountants. So what gives? Where did all the accountants and prospective accountants go? And what can you do if you experience talent shortages in your firm? Why is there a shortage of accountants? Two factors contribute to the accountant shortage.

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Account accountant accounted cpas 52

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

CPA Practice

SEPTEMBER 22, 2023

By Patricia Hurtado and Ava Benny-Morrison, Bloomberg News (TNS) Sam Bankman-Fried’s request to be released from jail ahead of his Oct. 3 fraud trial was denied by a federal appeals court, hours after he lost a separate ruling that blocks him from calling expert witnesses for his defense. The former FTX co-founder has been dealt a series of setbacks as he gears up for his trial, which is scheduled in two weeks.

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New York Legal Government Finance 52

ThomsonReuters

SEPTEMBER 22, 2023

On September 11, 2023, the Equal Employment Opportunity Commission (EEOC) announced that a China-based tutoring company agreed to settle an employment discrimination lawsuit that claimed the employer programmed its online software to automatically reject applicants based on their age, in violation of the Age Discrimination in Employment Act (ADEA) (see Payroll Guide ¶20,480 ).

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Legal audit payroll Technology 52

FraudFiles

SEPTEMBER 22, 2023

Cases of financial fraud often focus on the core issue of where the money went. Successfully carrying out a fraud scheme involves not only taking the money, but covering up the fraud and hiding the money trail.

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Accounting Today

SEPTEMBER 22, 2023

Plus, Docyt unveils Docyt AI for real time accounting, and other accounting technology news.

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Technology audit Account accountant 63

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.

Wellers Accounting

SEPTEMBER 22, 2023

Ben Brookes provides an introduction and explanation of the UK tax system for those starting out as self-employed.

Tax 52

Tax tax return income tax tax planning 52

Accounting Today

SEPTEMBER 22, 2023

Hermann Goering has nothing to teach us about building a culture in your practice.

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Withum

SEPTEMBER 22, 2023

Manufacturers find themselves at a crossroads in an era marked by rapid technological advancements and market fluctuations. The delicate balance between traditional labor-intensive processes and adopting advanced machinery and technology poses a formidable challenge. As supply chain costs continue to rise and market uncertainty becomes a constant companion, manufacturers must explore innovative strategies to reduce expenses and adapt to the evolving landscape.

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Manufacturing Technology 59

CPA Practice

SEPTEMBER 22, 2023

Avalara, Inc. , a provider of cloud-based tax compliance automation software for businesses of all sizes, has announced new APIs and integrations that were highlighted at Avalara NEXT , its third annual event for developers and partners responsible for building global tax compliance into commerce and business operations. The virtual conference took place September 20–21, 2023.

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E-commerce accounts payable Technology accounting and finance 52

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