Accounting Today

MARCH 11, 2024

With a wealth of ways to move forward and build their practices, accounting firms need to figure of which to take, and which to pass up.

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accounting firms Account accountant accounted 120

Insightful Accountant

MARCH 11, 2024

A judge ruled the Corporate Transparency Act's ownership reporting unconstitutional for NSBA and its 60,000+ members by March 1, 2024. This may trigger similar cases nationwide, impacting BOI reporting. Practitioners need to plan their response.

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Dent Moses

MARCH 13, 2024

In today’s business environment, companies are constantly seeking ways to optimize operations and enhance efficiency. One strategy gaining prominence is outsourcing, particularly accounting functions. Outsourcing accounting services can offer a myriad of benefits, revolutionizing a business’s financial landscape. Firstly, outsourcing allows companies to tap into a pool of skilled professionals without the burden of hiring and training in-house staff.

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TaxConnex

MARCH 12, 2024

Since the first adding machine showed up on counters to help shopkeepers tack on the correct sales tax, automation has been part of compliance. Now the buttons and the lever have given way to behind-the-scenes software and automatic functionality. Good thing, too, as sales tax has evolved beyond a static percentage to involve thousands of tax jurisdictions and ever-changing calculations.

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E-commerce Technology tax return Tax 231

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As scams grow more sophisticated, it's crucial to stay proactive in defending against these threats. This guide equips CFOs, accountants, and business leaders with five essential steps—from fundamental safeguards to advanced security measures to strengthen your financial defenses. From enhancing data security to implementing fraud detection tools and safeguarding financial transactions, this guide provides expert advice that could save your company millions.

Account

Canopy Accounting

MARCH 11, 2024

Have questions about accounting practice management software? We cover it all here. Learn what it is, how to use it, and much more!

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Patriot Software

MARCH 13, 2024

Machine learning (ML), a branch of artificial intelligence (AI), is everywhere. It has transformed online shopping (“users also bought…”) and TV streaming (“because you watched…”). Machine learning has also revolutionized the field of accounting. Machine learning in accounting has made financial management more streamlined, accurate, and insightful.

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Accounting Today

MARCH 11, 2024

The fate of the Child Tax Credit is in the hands of the Senate, but the IRS is ready to implement changes rapidly if the bill is passed.

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Tax 135

Accounting Today

MARCH 12, 2024

Despite a later start, tax filing is proceeding apace — though there are some unresolved issues.

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CPA Practice

MARCH 11, 2024

By Dave Eisenstadter, masslive.com (TNS) Did you end up unexpectedly owing money on your taxes this year? Statistics from the IRS ending on March 1 indicate you’re not alone. Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, IRS records show. By March 3, 2023, 42,040,000 refunds had been issued compared with 36,288,000 by March 1 of this year, a difference of 5.75 million or nearly 14%.

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BurklandAssociates

MARCH 12, 2024

Clean Energy startups and other grant recipients have all the usual accounting requirements, plus additional grant compliance responsibilities. The post Grant Compliance 101 for Startups appeared first on Burkland.

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Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Expense Management

MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable. However, tax relief services offer a beacon of hope, providing expert guidance and support to those in immediate need.

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California Tax tax return payroll 130

Acterys

MARCH 13, 2024

Navigating Corporate Performance Management (CPM) needs has become a strategic force for businesses eager to harness data for insightful decision-making. To cater to the evolving needs of SMBs and enterprises, Acterys has emerged as a distinguished accelerator in the 2024 CPM Technology Value Matrix by Nucleus Research, showcasing its innovative approach to integrating analytics and planning.

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Going Concern

MARCH 11, 2024

The 96th annual Academy Awards went off seemingly without a hitch last night but we’re not here to talk about that because this isn’t a movie blog and I haven’t seen Oppenheimer. We’re here to rehash what happened seven years ago because this website specializes in the beating of dead horses and reminding Big 4 accounting firms of the dumb things they’ve done over the years.

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CPA Practice

MARCH 15, 2024

The Internal Revenue Service continues to increase the amount of information available in multiple languages. Although the primary language of the agency is usually expressed in dollar signs followed by numbers and commas, the agency offers a variety of support tools to help people across multiple languages. The agency’s multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.

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tax return income tax Tax 119

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Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability: Utilization Reporting maximizes billable hours Profitability by Consultant identifies top performers Contribution by Client prioritizes high-value clients These reports provide accurate insights, replacing guesswork with data-driven decisions.

accounting firms

Withum

MARCH 12, 2024

The cannabis tax community is abuzz with rumor and delight. The giddiness stems from a recent announcement by a publicly traded cannabis company that it obtained large tax refunds from the IRS, even though the company has been tightlipped about the reason for the refunds. The company announced nothing more than the amount of the refunds and the tax years to which they relate, and speculation is rampant.

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Tax tax return Legal Manufacturing 119

Accounting Today

MARCH 15, 2024

Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms' involvement in the accounting field.

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Going Concern

MARCH 13, 2024

*Technically the partners are being forced to retire but the headline was already way too many characters It’s been more than a year since Australian Financial Review blew the PwC Australia tax scandal wide open and it’s been nothing but migraines for PwC leadership (and their cousins at other Big 4 firms also subject to relentless grilling by Aussie senators) since.

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CPA Practice

MARCH 15, 2024

The Internal Revenue Service has renewed its message for businesses to review the Employee Retention Credit guidelines to avoid future compliance action for improper claims. Amid aggressive marketing that misled many businesses into filing claims for ERC, the IRS has sharply increased compliance action through audits and criminal investigations – with more activity planned in the future.

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Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

Finance

Withum

MARCH 14, 2024

Explore Other Episodes #CivicWarriors #WithumImpact The post Let’s Help Promote Collaboration With NJ Association of Community Providers appeared first on Withum.

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Accounting Today

MARCH 12, 2024

While every company is different, there are 12 operational areas distressed businesses often miss, which can foretell a deteriorating financial condition.

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Going Concern

MARCH 15, 2024

The selection of “Grant Thornton” images on our stock photo site sucks, this office in Ireland is the best I could do sorry. This morning we received a tip: Grant Thornton with a “strategic partnership” with New Mountain Capital. All hands call at 12:30 CST to discuss Before we had a chance to go digging around — we haven’t heard a peep about this until now — our tipster sent over a link to a fresh Financial Times report : Grant Thornton US sells majorit

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accounting and finance accounting firms Finance Account 113

CPA Practice

MARCH 12, 2024

By Zina Hutton, Governing (TNS) No one likes paying taxes and property taxes are always the least popular. Some lawmakers are now looking to eliminate them entirely, with anti-tax initiatives also being proposed for this year’s ballots. Home prices have skyrocketed over the past few years, with prices in places like Idaho rising upward of 50%. In Idaho, that may largely be the result of remote work bringing more coastal transplants.

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As a CPA, your expertise is invaluable to your clients. By partnering with Fincent, you can enhance your service offerings and streamline financial management for your clients. Our platform provides real-time financial reports, cash flow tracking, automated posting of banking transactions to reduce errors, and powerful search capabilities. With Fincent, you can focus on high-value services while we handle the day-to-day bookkeeping tasks.

CPA

Withum

MARCH 14, 2024

Withum is proud to share that Russell Goldberg , Partner in Charge of Withum’s Orlando Office , has been inducted into the University of Central Florida College of Business Hall of Fame. Russell is a proud graduate of the University of Central Florida (UCF) Kenneth G. Dixon School of Accounting. In his illustrious career of nearly 35 years, he has always prioritized giving back to the organization and nurturing the next generation of accountants coming out of UCF.

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Florida accounting degree Account accountant 105

Accounting Today

MARCH 12, 2024

Criminals are exploiting networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.

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Going Concern

MARCH 15, 2024

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. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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CPA Practice

MARCH 15, 2024

By Phillip Molnar, The San Diego Union-Tribune (TNS) President Joe Biden introduced several plans recently at the State of the Union address targeting big businesses and the wealthiest Americans. He said the moves would reverse many large tax breaks enacted by the Trump administration. The president said he would like to see the corporate tax rate rise to 28%, and what’s known as the corporate minimum tax rate increased to 21%.

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Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

Insightful Accountant

MARCH 12, 2024

If you're into revenue recognition you better reconnoiter our upcoming QB Talks on Wednesday, March 20, 2024 at 2:00 PM Eastern when Alicia Katz Pollock will teach you all about this new feature in QBO Advanced.

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Accounting Today

MARCH 13, 2024

Affected businesses may turn to their accountants for help, but are firms the best source to help clients report beneficial ownership information to the feds?

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Going Concern

MARCH 9, 2024

Are the kids not alright? That’s the question posed by this recent r/Big4 post. Two themes repeatedly emerge from the comments: The early-career busy work has been outsourced away and this is the inevitable result The pay is too low and workload too high, new hires are wise not to bust their asses for the firm given these two facts And a third factor: Young people have always been kind of dumb and OP probably forgot how dumb they were when they were an associate.

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CPA Practice

MARCH 13, 2024

By Alex Baulf. In the midst of the accounting profession entering a brave new world where digitization of tax and accounting processes is increasingly the norm, it should come as no surprise that the humble invoice is now in the crosshairs of governments around the globe, including the U.S. The invoice is essential to tax compliance processes, and the electronic invoice (e-invoice) is not only inevitable, but upon us.

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double entry bookkeeping Account accountant accounted 111

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

Technology