This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Surrounded by a passionate group of QuickBooks Accountants, Bookkeepers and ProAdvisors, Dave Talach asked the question, "What's one thing you wish your small business clients knew?" Here are some of his favorite answers.
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.
From a manufacturing perspective, inventory is everything for business owners that can significantly impact their financial well-being. That is why effective inventory management is of utmost importance for manufacturers or other businesses that keep things on the shelves.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
The accounting profession will not be immune to recent and future advances in AI. There’s a lot of hand wringing out there in the accounting community, among others, about how AI might impact their jobs or even make them obsolete. This is the wrong way to think about AI. As with the advent of cloud computing, AI can be a boon to the profession and simply make the job more accurate and less labour intensive, freeing up accounting professionals to do more of the ‘human work’.
A recent report from BILL, the Accounting Firm Hireability Index, highlights what small and medium-sized businesses (SMBs) are looking for when choosing and retaining their accountants.
Terms like “deferred revenue” can confuse non-accountants, but the concept is easy enough. Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. In this article, we’ll explain the GAAP-compliant method of reporting deferred revenue, provide bookkeeping examples, and explain how the practice will impact your taxes.
Terms like “deferred revenue” can confuse non-accountants, but the concept is easy enough. Deferred revenue refers to when customers pay upfront for products or services they will receive later while your accountant recognizes that income over time rather than all at once. In this article, we’ll explain the GAAP-compliant method of reporting deferred revenue, provide bookkeeping examples, and explain how the practice will impact your taxes.
Managing employees can be a major roadblock for growing businesses, but PEOs can help, and ADP's Kristen Appleman explains how they work and when they might be a good fit.
Networking is essential for every accountant, and in the digital age, it’s easier than ever to make valuable connections in the field. While in-person events and meetings are still effective ways to network, many professionals are taking advantage of online networking opportunities. In fact, 40% of professionals say they network more online than in person.
Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax. But this is not always the case. In fact, many states impose sales and use tax on services provided by the technology industry.
As reported via IR-2024-16 on 1/19/2024 The Internal Revenue Service and the Department of the Treasury today issued Notice 2024-20 to provide guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit (the tax credit applicable to the installation of EV chargers) and to announce the intent to propose regulations for the credit.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Tax deadlines for startups in 2024, including federal filing dates and key dates for San Francisco, New York, and Seattle. The post Tax Deadlines for Startups in 2024 appeared first on Burkland.
The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.
Clients often ask us, “How often should we evaluate the taxability of our products?” An annual review should work. Most states change their sales tax rate laws on either Jan. 1 or July 1, by the calendar year or by the fiscal year. But there are more than 10,000 jurisdictions in the U.S., and a ton of local jurisdictions with the authority from their states to change their individual tax rates.
The Offer in Compromise (OIC) is a powerful tool for taxpayers who are unable to pay their full tax liability. It allows taxpayers to settle their tax debt for less than the full amount owed, potentially saving them significant amounts of money. However, getting an OIC accepted by the California Franchise Tax Board (FTB) can be a complex and challenging process.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
The Internal Revenue Service says it is working on the Simple Notice Initiative, a sweeping effort to simplify and clarify about 170 million letters sent annually to taxpayers. Part of the larger transformation work taking place at the IRS with Inflation Reduction Act funding, the Simple Notice Initiative will build off redesigned notice efforts in place for the 2024 tax season and expand on a recent successful pilot involving identity theft letters.
The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.
The R&D Tax Credit is a tax incentive that can be applied as a dollar-for-dollar offset against a company’s tax liability if they engage in activities related to the design and development of a product, process, formula, invention, software, or technique within the United States. Additionally, start-up businesses with less than $5 million in gross receipts in the current taxable year and no gross receipts prior to the fifth previous taxable year (e.g., for 2023, the company must not have gro
RSM has shared their global revenue numbers for 2023 and like all firms their size, it’s broken a record. $9.4 billion for the year ended December 31, 2023 puts them a mere $26,600,000 behind fourth-place Big 4 KPMG ( $36 billion ) and exactly $40 billion behind actual Big 4 EY ( $49.4 billion ). As with all accounting firm revenue reports, we encourage the reader to exercise any and all skepticism as these numbers are unaudited.
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
In a news release today reminding taxpayers that they once again must answer a digital asset question and report all digital asset-related income when they file their 2023 income tax return, the IRS noted that it has included a crypto question on four additional tax forms ahead of filing season. The tax agency said on Monday that it has reworded the question that had already appeared at the top of Form 1040 , Individual Income Tax Return ; Form 1040-SR , U.S.
The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.
Anders employees nominate the not-for-profit organizations they’re involved with and passionate about every year to be considered for the firm’s Charity of Choice. The votes have been tallied and we’re excited to announce the 2024 Anders Charity of Choice is Memory Care Home Solutions! The Charity of Choice program, now in its 19 th year, supports the nominated organization with a combination of volunteer efforts and fundraising events.
With all the AI buzz dominating headlines these days , we almost forgot how much firms enjoy talking about purpose. Allegedly this is something very important to millennials, or it was when we started entering the workforce 20+ years ago but now that we’re old and codgery it’s been pinned on Gen Z. Gen Z doesn’t work for money, they work for purpose.
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.
If employee retention isn’t already a priority focus for your CPA firm, you may want to make it one — and soon. Research from Robert Half found that 27% of finance and accounting professionals in the United States are either looking for a job right now or planning to do so in the next six months. That may not sound like a significant percentage. But could you afford to lose more than one-quarter of the best players on your team, especially during tax season?
The Internal Revenue Service and the Treasury Department issued a notice to provide relief to parents who got snagged by problems with Maryland's prepaid college savings program.
Withum is proud to share that New Jersey business publication ROI-NJ has named Bill Hagaman, Ed O’Connell, and Pat Walsh to their 2024 Power Influencer List in Accounting. Bill Hagaman , Partner and Immediate past Managing Partner and CEO, has been a member of the Firm’s management for over 30 years and specializes in merger and acquisition services and international business.
Looks like our invitation to the big party got lost in the mail. On Saturday, January 20, Plante Moran celebrated 100 years in business, a milestone few organizations reach. Since its founding in 1924, the firm has grown from a sole accounting practitioner in a Detroit office to a billion-dollar audit, tax, consulting and wealth management firm with more than 3,800 professionals serving clients around the globe.
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.
Randy Johnston and Brian Tankersley, CPA, offer their take on the best technologies at CES 2024 in Las Vegas in January. Check out their video on the best professional technologies from this year’s CES at [link]. We now offer this podcast with video: Transcript (Note: There may be typos due to automated transcription errors.) SPEAKERS Randy Johnston, Brian F.
7 min read With all of our modern technology, the written word remains the best source of learning and information. Reading is an excellent way to learn new skills, challenge your brain to think in new ways, see from new perspectives, and relax. Reading can also reduce stress by up to 68%! As every business leader knows stress management is essential to surviving and thriving in the role of CEO.
EY has announced plans to grow its Global Delivery Services (GDS) staff in Manila by 50 percent in the next two years, bringing the total from 5,000 to 7,500. These are the offshore staff working directly with EY member firms, half of whom do assurance work while the other half focus on tax and consulting. Malaya Business Insight : In a press conference, Andrea Catte, EY GDS Philippines tax co-leader and EY Asia-Pacific & EY Global Compliance and Reporting ( lead, said the company will boost
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.
Input your email to sign up, or if you already have an account, log in here!
Enter your email address to reset your password. A temporary password will be e‑mailed to you.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content