TaxConnex
JULY 27, 2023
Sales tax is meant to be a pass-through tax and thus one that should have minimal impact on a company’s bottom line. The sales tax is collected by businesses and “passed-through” to the taxing jurisdictions. Of course, there is cost associated with managing this compliance obligation; however, the costs of not managing the compliance process are significantly greater.
ThomsonReuters
JULY 25, 2023
Overpayments and repayments are two of the most common anomalies that could complicate year-end and W-2 processing. Now is a great time to sort out any potential difficulties. Jump to: What is an overpayment on taxes? Overpayments and repayments in the current year Overpayments and repayments in subsequent years Preventing tax overpayments What is an overpayment on taxes?
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Canopy Accounting
JULY 27, 2023
Accounting, often associated with long hours and tedious tasks, has long been considered a profession that requires extensive time commitments. However, the shifting landscape of the business world has opened up new possibilities for accountants to focus on outcomes rather than merely putting in long hours. By embracing efficiency and leveraging technology, accountants can revolutionize their approach to work, improving productivity and achieving better results for themselves and their clients.
Accounting Today
JULY 26, 2023
The Internal Revenue Service will be adding extra procedures to deter scammers who have been inundating the agency with bogus claims for the Employee Retention Credit.
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.
CPA Practice
JULY 27, 2023
By Scott H. Cytron. Advisory, Advisory, Advisory. What does advisory mean to you and your firm? Larger practices have entire departments and groups of professionals devoted to delivering Client Accounting Services. And while smaller firms know they should deliver tax advisory services, they struggle with how to get started, the fees they should charge , and capacity issues.
Withum
JULY 26, 2023
In what seems to be an unprecedented turn of events on July 21, 2023, the IRS released Notice 2023-55 , providing temporary relief for taxpayers in determining which foreign taxes are “creditable” taxes for U.S. purposes. In early 2022, the IRS issued final regulations providing guidance on determining if a foreign tax is creditable for U.S. tax purposes.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
JULY 25, 2023
If you’re a telecommunications services company, you face greater trials than other businesses when complying with federal, state and local jurisdictions. In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Federal regulatory obligations are administered through Universal Services Administrative Company (USAC) and state regulatory requirements are administered through the Public Service Commissions (PSC) or Public Utility C
CPA Practice
JULY 24, 2023
By Jasen Stine, David Bergstein, and Roman Kepczyk. Artificial intelligence is everywhere and firms might be thinking how this will apply or make its way to the accounting and tax profession. The answer is that it already has and firms of every size should be taking advantage of the resources available to them, if they aren’t already. On a recent episode of Intuit’s AccounTrends , hosts Jasen Stine and David Bergstein discussed the latest trends in technology with Roman Kepczyk, CPA, CITP, CGMA
CTP
JULY 27, 2023
Profiting off your investments while also reducing your tax bill is a delicate balancing act. The more you learn about tax reduction strategies, the clearer it becomes that timing is essential to keeping taxes low. Putting these strategies into play requires advance planning, which is where the help of a Certified Tax Planner comes in handy. With expert assistance, you can identify the approach that best fits your financial situation.
Accounting Today
JULY 28, 2023
Tax experts testified during a hearing about the Employee Retention Credit and the issues they and their clients are facing.
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.
Ronika Khanna CPA,CA
JULY 28, 2023
Imagine having an office without clutter, free from sad looking boxes and filing cabinets filled to the brim, where you don’t have to rifle through unlabeled containers to find a receipt for a scanner that you bought three years ago. An office that would make Marie Kondo (queen of decluttering) proud by getting rid of (almost) anything that does not bring you joy and surrounding it instead with items that inspire (or at least improve productivity).
CPA Practice
JULY 28, 2023
Despite its cute moniker, the “kiddie tax” is anything but innocent. If you’re not careful, this often-misunderstood tax provision can result in a sizeable income tax liability for the family. But you may be able to cut the tax down to size with some astute planning before year-end. Background: Generally, income is taxed at the rate of the person who receives it, which can be as low as 10% (or even zero).
Cherry Bekaert
JULY 27, 2023
The July issue of the Regulatory Compliance Digest features a summary of the latest updates from the Consumer Financial Protection Bureau (CFPB) on Section 1071, the clarification of guidance on multiple re-presentment fees, interagency guidance on the risk management of third-party relationships and a reminder to file Office of Foreign Assets Control’s (OFAC) annual report on blocked property by September 30.
Accounting Today
JULY 28, 2023
It all sounds like fun, but Mize CPAs' recruiting and retention strategies are serious business.
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.
Insightful Accountant
JULY 26, 2023
Intuit has released—or is about to release—a whole new group of improvements in the HR arena for QuickBooks users with QuickBooks Online Payroll and Workforce.
CPA Practice
JULY 28, 2023
By Gail Cole Is sales tax based on shipping address or billing address? Understanding how sales tax works is fundamental for every retailer. If you’re doing business in a state with a sales tax, you may know you need to register for sales tax, then collect and remit tax as required by law. But if you’re selling online and shipping items all over the state or country, you may not know what sales tax rate to charge.
Ace Cloud Hosting
JULY 27, 2023
In these challenging times, when the coronavirus outbreak has become a menace for most parts of the world, it is not only insisted but advised by the authorities to stay.
Accounting Today
JULY 27, 2023
The annual list recognizes the 100 top workplaces in the profession.
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.
Insightful Accountant
JULY 27, 2023
The US Citizenship & Immigration Service has announced a new Form I-9 available on August 1, 2023, and also a new alternative I-9 documentation procedure available only to qualified E-verify employers.
CPA Practice
JULY 27, 2023
A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. As noted in my April column , there are various innovative uses of AI and privacy risks for your client data. Additionally, as we covered AI tools in my June column , I recognized that my priorities for AI are not yours, nor should they be.
Xero
JULY 26, 2023
Last night I had the enormous privilege of hosting our very first in-person Xero Singapore Awards ceremony to celebrate the outstanding achievements of our accounting and bookkeeping partners and crown our 2023 winners. It was a brilliant night, bringing everyone together in person again. I loved seeing the camaraderie and festivity in the room as our partners reconnected with one another and cheered each other on.
Accounting Today
JULY 27, 2023
Aprio merged in CSH&G, and Adams Brown added The Technology Specialist Inc.
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.
Going Concern
JULY 25, 2023
EY US Vice Chair & General Counsel Ann Cook is saying goodbye to the firm after just two years in the role and ten total at EY, an exit that Financial Times ties to the Great Cheating Scandal of 2019. We too shall find some red string and put it all together in a moment. FT : Ann Cook will leave the firm on August 1, partners have been told. Her resignation comes amid scrutiny of the actions of the general counsel’s office in 2019, when the US Securities and Exchange Commission was looking i
CPA Practice
JULY 26, 2023
By Gail Cole If you’re old enough to have secured lodging without the help of the internet, you understand how online travel agencies have revolutionized the hospitality industry. Online travel agencies give consumers greater choice and more control over bookings, and they help businesses connect with customers to fill vacancies. But for the online travel agencies themselves, this service comes at a cost: a virtual world of tax obligations.
Patriot Software
JULY 24, 2023
The greatest expense for small business owners is often payroll. Why? Because when you hire employees, you pay more than just their wages—you also pay payroll taxes, benefits contributions, and other miscellaneous expenses. Before hiring your first employee or adding to your staff, understand the true cost of adding to your team.
Accounting Today
JULY 27, 2023
Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.
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.
Going Concern
JULY 26, 2023
We’re not sure how many more times it needs to be said and it’s shocking Public Company Accounting Oversight Board Chair Erica Y. Williams does not have severe audit firm-induced trichotillomania (to our knowledge) because here she is again warning auditors that the PCAOB is tired of them being so terrible at auditing. To get her point across she had to write a whole-ass op-ed in the Wall Street Journal : High-quality audits are essential to the integrity of U.S. capital markets and
CPA Practice
JULY 27, 2023
The American Institute of CPAs (AICPA) provided recommendations to the Internal Revenue Service (IRS) regarding how the IRS can improve access to the IRS Independent Office of Appeals for taxpayers who do not live near an Appeals office. Currently, there are over 60 Appeals offices in 40 states with 11 jurisdictions that have limited or no Appeals presence; not all taxpayers are able to travel to an office to present their case in person.
Insightful Accountant
JULY 23, 2023
Summit Tax & Accounting Advisors’ Rene Carlos examines how to prepare for the tax implications of digital assets.
Accounting Today
JULY 26, 2023
The Securities and Exchange Commission approved new rules that would require entities to disclose material cybersecurity incidents.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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