Insightful Accountant
JANUARY 10, 2024
After a break with too many desserts and not enough gifts, it's time to get back to work. Instead of focusing on losing weight or setting a budget, let's concentrate on helping teams and clients prosper. Take action with these four growth strategies.
CPA Practice
JANUARY 8, 2024
The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline. Related: Chart shows estimated refund date timelines. Although the IRS will not officially begin accepting and processing tax returns until Jan. 29, people do not need to wait until then to work on their taxes if they’re using software companies or tax professionals.
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KROST
JANUARY 9, 2024
The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. In this article, we will examine the multifaceted influence of AI on the daily activities of Certified Public Accountants (CPAs). Many have used or at least heard of Read the full article.
MyIRSRelief
JANUARY 7, 2024
Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. The EDD is responsible for administering unemployment and disability insurance, payroll tax collection, and job training/workforce services in California. An EDD tax audit focuses on ensuring that businesses comply with CA state payroll tax laws, which can be complex and multifaceted.
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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
Accounting Today
JANUARY 11, 2024
Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.
Going Concern
JANUARY 8, 2024
Hey remember the Bloomberg story last March about how staff shortages at audit firms were causing municipal credit ratings to tank ? Refresher: Municipalities across the US are at risk of having their credit ratings downgraded or withdrawn by S&P Global Ratings because staffing shortages have delayed financial disclosure documents. S&P has placed 149 long-term, underlying and program ratings on a negative credit watch this year because the ratings company hasn’t received 2021 financial s
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JANUARY 8, 2024
As the calendar rolls forward to 2024, and 2023 for good or bad recedes into the rearview mirror, the crypto sector and accounting professionals are attempting to plan for the future.
AccountingDepartment
JANUARY 11, 2024
Every savvy business leader knows the value of having a well-run bookkeeping or accounting department. However, not everyone is aware of how important it is today to have a financial planning and analysis (FP&A) team to help back their business with effective and accurate financials.
Insightful Accountant
JANUARY 11, 2024
Get unconventional tips to make tax season less painful and more productive. Avoid burnout with this out-of-the-box survival guide.
TaxConnex
JANUARY 9, 2024
We are excited to announce the completion of our fourth annual sales tax survey. This year’s results provided insights into how businesses are managing the complexities of sales tax and how they are being impacted by economic and regulatory structures. The nationwide survey, conducted by In90Group in November of 2023, is composed of responses from 100 top finance professionals in a variety of industries regarding their thoughts and experiences in managing sales tax.
Advertiser: Paycor
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BurklandAssociates
JANUARY 10, 2024
In the realm of high-growth, venture-funded startups, the C-Corp reigns supreme. This article explains five reasons why. The post Why Are Most High-Growth Startups C-Corps? appeared first on Burkland.
Accounting Today
JANUARY 12, 2024
The Internal Revenue Service reported progress Friday on its efforts to increase its audits of large corporations, complex partnerships and high-income individuals, collecting over half a billion dollars from millionaires who didn't pay their taxes.
MyIRSRelief
JANUARY 12, 2024
An Offer in Compromise (OIC) is a lifeline for taxpayers who are unable to pay their tax debt in full. It’s an agreement between a taxpayer and the Internal Revenue Service (IRS) that settles the taxpayer’s tax liabilities for less than the full amount owed. However, getting an OIC accepted by the IRS is not a walk in the park. The IRS accepts only a fraction of the OIC applications it receives each year.
TaxConnex
JANUARY 11, 2024
Business explosions are often followed by money-making opportunities within those businesses. With TikTok, the red-hot display showcase of short videos and influencers with more than a billion monthly active users, that opportunity takes the form of TikTok Shop. The forum enables product discovery, checkout and post-payment activities from within the TikTok app.
Speaker: Victor C. Barnes, CPA, MBA
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.
Withum
JANUARY 9, 2024
Many questions have surfaced amongst auto dealerships regarding seller and transfer reports and how to properly report them on the IRS Energy Credit Online Portal. While the roll-out of the portal has been bumpy, the Internal Revenue Service (“IRS”) is working through the problem areas as they are presented. The updated IRS guidance regarding these items as of January 8, 2024, is highlighted below.
Accounting Today
JANUARY 8, 2024
The agency is anticipating over 128.7 million individual tax returns by the April 15, 2024, tax deadline.
Going Concern
JANUARY 10, 2024
That’s according to preliminary results from the CPA Trendlines Outlook 2024 Emerging Issues, Opportunities and Trends survey which you can take here. While this may seem like a scary statistic on its face, perhaps it’s a good thing. CPA Trendlines says it’s a “big ouch” for firms putting in work (and marketing costs) into bringing clients in only to have to turn them away.
CPA Practice
JANUARY 9, 2024
The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the 12th and largest group to date to complete its award-winning Mary T. Washington Wylie Internship Preparation Program. This competitive program is renowned for preparing promising Illinois-based racial and ethnic minority college students interested in pursuing careers in accounting with the skills needed to obtain their first accounting positions and ultimately pursue the certified public
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.
Randal DeHart
JANUARY 12, 2024
Tax season can be a bit overwhelming for construction business owners, especially with many things to keep track of in our industry. But don't worry; we're here to help! We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.
Accounting Today
JANUARY 12, 2024
In parallel with stricter enforcement, the tax authority is improving service for taxpayers and tax pros, and working on its technology.
Going Concern
JANUARY 9, 2024
In September we were tipped to a developing situation at US mid-tier audit firms in which said firms started shuttering their public company audit practices. Why? Well, some people might suggest regulatory burden and the prospect of getting fined by the PCAOB for anything from failing to file the right form on time to farting too loudly in the audit room (we haven’t gotten that one…yet).
CPA Practice
JANUARY 9, 2024
FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology. FreshBooks consolidates accounting, billing, payments, and payroll tools, allowing customers to effortlessly oversee their entire businesses health from one comprehensive platform.
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.
Withum
JANUARY 8, 2024
Withum is proud to share that the Los Angeles Business Journal has named Chris Passmore and Aza Ghazaryan on their Thriving in their 40s list for 2023. Christopher Passmore , CPA, MBA, specializes in assurance and business consulting services to emerging and middle-market companies and leads Withum’s Los Angeles office as the Partner in Charge. Chris services a wide variety of clients and specializes in working with technology companies , professional service firms , franchised businesses and em
Accounting Today
JANUARY 11, 2024
The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.
Going Concern
JANUARY 12, 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. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
CPA Practice
JANUARY 12, 2024
Intuit Inc. , the technology company that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , has integrated TurboTax into Credit Karma and QuickBooks Online, allowing customers to prepare and file their 2023 taxes within those programs’ interfaces. Intuit says that TurboTax delivers a suite of full service , assisted , and DIY tax preparation offerings for individuals, families, and small businesses to serve customers however they want to file and where they are most comfortable
Advertiser: Paycor
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Cherry Bekaert
JANUARY 9, 2024
Contributors: Sam McCarthy, Lindsey McCarty Welcome to the 13th episode of “Talkin’ Talent” with Sam McCarthy, MBA! Our guest, Lindsey McCarty, Chief People Officer at Cherry Bekaert, shares insights on navigating HR leadership during acquisitions. We explore key strategies such as transparent communication, talent retention and cultural integration.
Accounting Today
JANUARY 9, 2024
The state that imposes the most on residents has an individual income tax burden of 4.72%.
Ace Cloud Hosting
JANUARY 10, 2024
During tax season, CPAs face numerous responsibilities; as they deal with clients directly, they must ensure a proper workflow. A laptop should have all the features that enhance work flexibility.
CPA Practice
JANUARY 12, 2024
As millions of Americans prepare to start filing their taxes, and thousands of tax professionals prepare for one of their busiest seasons of the year, the U.S. Congress still lacks an annual appropriations bill to fund the government. If legislators fail to reach a funding agreement by Feb. 2, or at least agree on a short-term funding measure, the federal government could shut down.
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.
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