Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service issued guidance Friday saying a redemption of shares in a money market fund won't be treated as part of a wash sale, which would subject it to taxes.
Going Concern
SEPTEMBER 29, 2023
Ed. note: enjoy some wisdom from a profession OG in this guest post from Blake Oliver. TLDR: Patience, intellectual curiosity, soft skills, and time management will take you far. Most importantly, advocate for yourself. Different generations in the workforce often struggle to understand each other. But experts say one thing that young professionals can do, including young accountants, is to be more patient.
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Accounting Today
SEPTEMBER 29, 2023
The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.
Withum
SEPTEMBER 29, 2023
Did you know that 2023 marks the 20th year of Cybersecurity Awareness Month? Since 2003, we have seen the dramatic evolution of cyberattacks. Despite all the technological advances, the same cyber threats are still at play today. These include ransomware , phishing and business email compromise. Hackers are still trying to steal data, disrupt businesses and even harm physical safety.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Accounting Today
SEPTEMBER 29, 2023
When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.
CPA Practice
SEPTEMBER 29, 2023
By Chelsea Hylton, Los Angeles Times (TNS) It seems like news about Shakira just doesn’t stop. This time the Grammy-winning artist is being charged by Spanish prosecutors for tax evasion. Prosecutors claim she failed to pay $7.1 million in taxes in 2018, according to the Associated Press. She is also being accused of using an offshore company to avoid paying taxes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
SEPTEMBER 29, 2023
The federal government will partially shut down at 12:01 a.m. on Sunday, barring a last-minute deal between Republicans and Democrats in Congress to keep the government funded. If no agreement is reached by lawmakers this weekend, a contingency plan for the IRS will go into effect. The plan, released by the Treasury Department on Thursday, calls for the IRS to furlough two-thirds of its workforce and press pause on most core tax administration functions.
Accounting Today
SEPTEMBER 29, 2023
Spain alleges that the Queen of Latin music owes $7.1 million for 2018.
Withum
SEPTEMBER 29, 2023
On September 27, 2023 the cannabis industry was all a buzz after a significant step forward toward seeing banking reform was announced. In a 14-9 vote, the Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act to be sent to the Senate floor. Previous versions of the SAFE Banking Act passed the House seven times but have never received support to be moved forward.
CPA Practice
SEPTEMBER 29, 2023
By Shalene Gupta, Fast Company (TNS) The future lies with the next generation, and to understand this, pundits are peering into their crystal balls, trying to figure out what Gen Z wants from work. Adobe surveyed over 1,000 Gen Z employees with up to three years of work experience. Here are the highlights: They’re on board the generative AI train: 50% say they use it in their work but only 35% say their employer has implemented guidelines on using generative AI, and 59% say they are not worrie
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
AccountingDepartment
SEPTEMBER 29, 2023
We are thrilled to announce that Episode 2 of our NEW podcast, Beyond the Books , is now live and ready for your listening pleasure.
Going Concern
SEPTEMBER 29, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. CPA Exam Friendly reminder, deadlines to apply for BEC before the new exam in 2024 are quickly approaching.
Randal DeHart
SEPTEMBER 29, 2023
In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you're a start-up finding your feet or a seasoned business in the construction industry, managing and maintaining a steady cash flow can be challenging. But a few small changes can make a world of difference to your cash flow and overall revenue.
Cherry Bekaert
SEPTEMBER 29, 2023
The Employee Retention Credit (ERC) was created to reward companies that continued paying employees when operations were negatively impacted by the COVID-19 pandemic. It is a proven program that helps companies recover from the negative impacts of the pandemic on their business, even when ERC refund claims are filed today. The Internal Revenue Service (IRS) released new guidance for how employers may or may not have been impacted by supply chain disruptions during the pandemic.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
GrowthForceBlog
SEPTEMBER 29, 2023
8 min read When was the last time you saw a business featured in the news? Odds are you've seen news media about Apple's latest iPhone release, Open AI's advancements with large language models, Rupert Murdoch's retirement, or the goings-on of a local business that's making waves in your own community.
Cherry Bekaert
SEPTEMBER 29, 2023
No matter the industry, your daily job is important. You deliver valuable products and services to your market, impacting those who depend on you. Whether you offer a broad range of services to the worldwide community or specific programs to a targeted local group, clarity of your true costs on a unit-by-unit basis is critical to ensure sustainability, maximize impact and create internal efficiencies.
Accounting Today
SEPTEMBER 29, 2023
The sooner you take an active approach to artificial intelligence, the less overwhelmed you'll feel about it.
Cherry Bekaert
SEPTEMBER 29, 2023
Company Background Leveraging over 10 years of investment expertise in the U.S. real estate industry, a real estate investment company’s (the Company) portfolio ranges from single-family housing across the Midwest to commercial, hospitality and mixed-use properties all over the Southeast. The Company had capitalized on their property’s depreciation and sold an asset to generate multimillion-dollar section 1231 gains.
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Accounting Today
SEPTEMBER 29, 2023
NJCPA launches 14th annual food drive; Mazars elects five new partners and principals; and more news from across the profession.
Going Concern
SEPTEMBER 29, 2023
It’s not every day you get to witness a firm getting hit with HUNDREDS of independence violations in one fell swoop. Well today Prager Metis got the independence violation high score in an SEC complaint alleging a mess of them. From the SEC : The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aid
Accounting Today
SEPTEMBER 29, 2023
The amount shared by the accounting firm's 1,300 U.K. equity partners is broadly the same as last year.
Going Concern
SEPTEMBER 29, 2023
Buried in the fourth annual Connected Consumer survey announced Wednesday by Deloitte is a concerning figure: Gen Zs were more than twice as likely as boomers to have their social media account hacked (17% vs. 8%) and three times more likely than boomers to fall for an online scam (16% vs. 5%). Can we please stop using “hacked” to mean compromised ?
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Accounting Today
SEPTEMBER 29, 2023
Plus, CPACharge rolls out automated invoicing feature; and other news and updates from the accounting technology world.
Canopy Accounting
SEPTEMBER 29, 2023
Form 1120, the U.S. Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. As an accountant, it is essential to have a firm grasp of this form and its implications. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes.
Accounting Today
SEPTEMBER 29, 2023
Small computers can help when working in smaller office spaces.
Accounting Insight
SEPTEMBER 29, 2023
Moneypenny’s head of the finance sector Louise Wilson explains why telephone confidentiality should be front of mind. Picture the scene: a receptionist in an accountancy practice takes calls at a front desk with a seating area beside them. Sitting in this space means it’s entirely possible that you might hear the telephone conversations being made or received – including who the receptionist is talking to, who they are transferring calls to and which services the caller might need, perhaps
Advertiser: Paycor
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
CPA Practice
SEPTEMBER 29, 2023
As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.
Accounting Insight
SEPTEMBER 29, 2023
Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, and Coface, a globally renowned trade credit insurer with over 75 years of experience, announce their strategic partnership to offer an advanced risk management solution. This new partnership will kick-off in France before rapidly expanding to the UK and American markets.
Inform Accounting
SEPTEMBER 29, 2023
HMRC is clamping down on the use of high-volume addresses by online sellers to disguise their principal place of business and avoid VAT Many of these addresses are being used by overseas established businesses and some traders are taking advantage of a loophole to avoid being treated as a non-established taxable person (NETP) by online marketplaces.
Accounting Insight
SEPTEMBER 29, 2023
By Neil Parsons, Managing Director, Wolters Kluwer Tax & Accounting UK Accountancy practices across the UK and beyond are keen to create more efficient processes. Technology is driving and enabling a lot of this change, along with the increase in data processing power and widespread moves towards cloud-based solutions. More than ever, practices looking to help drive process improvements by removing human labour from manual, repetitive processes in order to enhance compliance, and reduce risk
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
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