Accounting Today
FEBRUARY 14, 2024
With almost 13% of full-time employees working remotely, and 28.2% in a hybrid arrangement, accounting firms are coming to see the importance of adapting to the new working environment.
Insightful Accountant
FEBRUARY 13, 2024
No touch tax returns are the way of the future, or the present depending on who you ask. In either case, firms need to be jumping on the bandwagon.
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GrowthForceBlog
FEBRUARY 14, 2024
8 min read Outsourcing is the practice of hiring a third-party provider to manage any aspect of a business. Of course, the most popular business functions to outsource are those that are not directly related to the core function of your business but that are still absolutely necessary for its operation.
AccountingDepartment
FEBRUARY 14, 2024
In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.
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.
Accounting Today
FEBRUARY 13, 2024
While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.
LSLCPAs
FEBRUARY 12, 2024
Your Mission As a non-profit, your primary goal is to provide services that contribute to the betterment of society through a variety of different ways, such as charitable and philanthropic work, or advocacy and awareness. Your entity might be a charitable organization, a public charity, or a private foundation. Whether you are a 501(C)(3),(4), (6), or something.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
FEBRUARY 14, 2024
There is no better time to share what I love about public accounting than on Valentine’s Day. Following is a list of 14 things I love about public accounting. 14 Reasons Why I Love Public Accounting I love tax season. What profession can you get to interact with every client you have, get updated on their goings on, share their dreams and goals (since most of these have a financial element) and also get paid for it?
CPA Practice
FEBRUARY 12, 2024
The IRS released a fact sheet on Feb. 9 that includes updated frequently asked questions (FAQs) about the Premium Tax Credit. The Affordable Care Act’s refundable Premium Tax Credit was created to help lower- and middle-income Americans pay for health insurance purchased through the healthcare marketplace ( HealthCare.gov ). Health insurance can also be purchased through some state exchanges.
Accounting Today
FEBRUARY 14, 2024
In this month's Cybersecurity for CPAs, a firm takes steps to make sure people still follow the safety rules they instituted during work for home.
TaxConnex
FEBRUARY 13, 2024
To help financial leaders better understand what their peers are doing when it comes to sales and use tax in 2024, TaxConnex® conducted its fourth annual sales tax survey in November of 2023. More than 100 financial leaders from different industries and from a wide range of sizes responded. Their responses are included in the following blog. For the vast majority of organizations, managing the minutia of sales tax obligations can be described as clunky, cumbersome, and risky, with each state hav
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RogerRossmeisl
FEBRUARY 13, 2024
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income. Credit fundamentals The FICA credit applies to tips that your staff members receive from customers when they buy food and beverages.
BurklandAssociates
FEBRUARY 12, 2024
A few proactive, off-the-radar strategies can provide even more protection and actually make a startup money on its spare cash. The post Startups Can Make Money Doing Nothing (and Minimize the Impact of Financial Meltdowns) appeared first on Burkland.
Accounting Today
FEBRUARY 16, 2024
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
CPA Practice
FEBRUARY 12, 2024
By Katelyn Washington, Kiplinger Consumer News Service (TNS) A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. That’s because, as the bill is worded, federal taxes on Social Security income would be eliminated beginning in 2025 (tax returns filed in early 2026). The You Earned It, You Keep It Act is referred to as a “win-win” by its sponsor, Minnesota Rep.
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.
RogerRossmeisl
FEBRUARY 13, 2024
In today’s uncertain markets, the value of a business may change significantly over time. So it’s important to choose the valuation date carefully. Often, the date is prescribed by law or a judge. But sometimes attorneys or others, such as the executor in an estate valuation, are allowed to decide between different dates. A fundamental decision The valuation date serves as a cutoff for the information that can be used to estimate value.
VetCPA
FEBRUARY 16, 2024
California is addressing limited access to veterinary care by passing Assembly Bill 1399, which empowers licensed veterinarians in the state to establish a veterinarian-client/patient relationship through video technology. Governor Gavin Newsom signed the bill into law in October, and it will go into effect on January 1, 2024. At the moment, California restricts veterinarians from effectively using telehealth and can bar them from giving simple advice and direction to pet owners through telemed
Withum
FEBRUARY 15, 2024
Tax loss harvesting is an income tax planning strategy that involves selling investments at a loss with the intent to offset capital gain income. This strategy is beneficial to taxpayers who have large capital gain income and are seeking ways to lower their related income tax liability. It is important to note that any tax harvesting must be implemented prior to the end of the applicable tax year, which is December 31 st for individual taxpayers.
CPA Practice
FEBRUARY 14, 2024
Voting in the 2024 Readers’ Choice Awards is now open. The CPA Practice Advisor Readers’ Choice Awards give our readers the opportunity to spotlight the technologies they most rely on and trust to manage their firms, provide client services, and help those clients run their businesses. From online tax and accounting systems, practice management, document automation and workflow tools, to apps for collaboration, mobile productivity and research.
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
RogerRossmeisl
FEBRUARY 13, 2024
Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. Tax-free treatment for eligible stock gains QSBCs are the same as garden-variety C corporations for tax and legal purposes — except QSBC shareholders are potentially eligible to exclude from federal income tax 100% of their stock sale gains. That translates into a 0% federal income tax rate on QSBC stock sale profits!
Accounting Today
FEBRUARY 15, 2024
Whether they're enthusiastic or terrified, tax practitioners are anything but indifferent to the rise of artificial intelligence.
Anders CPA
FEBRUARY 12, 2024
Anders Technology, a service line of Anders CPAs + Advisors, is proud to be recognized on CRN’s Managed Service Provider (MSP) 500 list in the Pioneer 250 category for 2024. The annual MSP 500 list acknowledges the leading solution providers in North America whose innovative approaches to providing managed services are changing the landscape of the IT channel with groundbreaking solutions while helping end users improve operational efficiencies and maximize their return on investment.
CPA Practice
FEBRUARY 16, 2024
Not only has the IRS extended weekly office hours at nearly 250 taxpayer assistance centers throughout the country this filing season, but several of those sites will have special Saturday hours beginning next weekend. The special Saturday openings will take place from 9 a.m. to 4 p.m. on Feb. 24, March 16, April 13, and May 18. Offices in dozens of states, the District of Columbia, and Puerto Rico will be open during this special four-month event, with no appointments required.
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RogerRossmeisl
FEBRUARY 13, 2024
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much lower rates that a child would otherwise pay. For purposes of this federal income tax provision, a “child” can be up to 23 years old. So, the kiddie tax can potentially affect young adults as well as kids.
Accounting Today
FEBRUARY 12, 2024
The tax extenders legislation is still tied up in the Senate after being passed in the House as senators are still seeking changes in some of the provisions, such as the expanded Child Tax Credit.
Withum
FEBRUARY 16, 2024
Withum is proud to share that Scott Reddersen was named to the Washington Business Journal 40 Under 40 List for 2024. Scott has over 15 years of experience and specializes in tax compliance and planning for high-net-worth individuals. He leads the Tax Service Line out of Withum’s DC metro area and will soon take over as Partner-in-Charge of the DC office effective July 1.
CPA Practice
FEBRUARY 14, 2024
More than 80% of businesses are currently planning to increase overall investment in workforce development in 2024, according to a new survey from RGP, a global consulting firm. The survey explored the key market factors that are shaping workforce investment decisions for U.S. businesses in the year ahead. “There’s a lot of work out there, but the lingering labor market imbalance is causing employers to embrace new ways of finding the skills they need, and our latest research validates this shif
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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.
Insightful Accountant
FEBRUARY 16, 2024
Financial Cents is excited to announce the release of the 2024 State of Accounting Workflow Automation Report. This second edition study explores the experiences and challenges faced by accounting, bookkeeping, and tax firm owners.
Accounting Today
FEBRUARY 15, 2024
New technology systems and the addition of cryptocurrency on tax forms are just some of the IRS developments to watch in 2024.
Anders CPA
FEBRUARY 15, 2024
Anders has been recognized by USA Today as a Most Recommended Tax & Accounting Firm for 2024. When tax season arrives, finding a tax or accounting firm that fills your business’s needs is vital to ensure necessary documents are filed correctly and on time. USA Today, in cooperation with independent market research institute and statistics platform Statista, unveiled the two titles for the first time.
CPA Practice
FEBRUARY 12, 2024
By Ali Donaldson, Inc. (TNS) This tax season, some entrepreneurs may want to hold off on filing their returns. Thank Congress for that. The bipartisan tax agreement , which was first unveiled last month, is now making its way through Capitol Hill. In a rare moment of legislative success for the House, the $79 billion package passed by an overwhelming vote of 357 to 70.
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"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.
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