AccountingDepartment

OCTOBER 22, 2024

In the fast-paced world of small and medium-sized businesses (SMBs) and startups, reliable accounting services are crucial. Recently, a new trend has emerged—accounting firms operated with the help of venture capital funding. On the surface, these services may appear attractive due to their low costs and initial benefits. However, SMB owners, entrepreneurs, and finance professionals need to tread carefully.

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TaxConnex

OCTOBER 22, 2024

There’s always something changing in the world of sales tax. Here’s a review of some of the recent updates. Another one down. Alaska’s Remote Seller Sales Tax Commission confirms that the state will join the growing number of jurisdictions to repeal the transaction count requirement for determining economic nexus, effective next year. The Commission has amended the Alaska Remote Seller Uniform Code to ax the 200-transaction threshold, and after Jan. 1, 2025, sellers will only have to register wi

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BurklandAssociates

OCTOBER 22, 2024

The Rule of 40 helps you balance rapid growth with long-term profitability as you scale your SaaS startup. The post Achieve Sustainable SaaS Growth with the Rule of 40 appeared first on Burkland.

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Accounting Today

OCTOBER 22, 2024

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

CPA Practice

OCTOBER 22, 2024

In May of 2024, the Department of Justice (DOJ) issued proposed language that would reschedule marijuana from a Schedule I controlled substance to a Schedule III controlled substance, subject to section 280E of the Internal Revenue Code. The American Institute of CPAs submitted a letter to the Department of the Treasury and the Internal Revenue Service (IRS) requesting guidance for cannabis businesses in advance of the impending transition away from engaging in a trade or business that subjects

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Accounting Today

OCTOBER 22, 2024

The Biden administration finalized rules for a 25% tax credit for semiconductor manufacturing projects, expanding eligibility for what is likely to be the largest incentive program from the 2022 Chips and Science Act.

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Accounting Today

OCTOBER 22, 2024

The Redmond, Washington-based software maker said it would roll out 10 "autonomous agents" to complete tasks on behalf of people in areas such as sales, customer support and accounting.

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CPA Practice

OCTOBER 22, 2024

Top 75 accounting firm PBMares is expanding its presence in the Washington, D.C. metro area by merging in BSB CPAs + Advisors, a top 400 tax and accounting firm based in Fairfax, VA, effective Jan. 1, 2025. Financial terms of the deal weren’t disclosed. PBMares will add five partners for a combined firmwide roster of 60 partners, nearly 400 employees, and more than $90 million in annual revenue after the deal closes.

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Accounting Today

OCTOBER 22, 2024

Global confidence among accountants globally declined in the third quarter to its lowest level since 2023, although confidence increased in North America.

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CPA Practice

OCTOBER 22, 2024

A year after posting nearly double-digit revenue growth , EY said on Oct. 17 that its global revenue increased 3.8% in U.S. currency terms in 2024 to $51.2 billion for the year ending June 30. That represents 3.9% revenue growth in local currency terms, the Big Four accounting firm said. In 2023, EY hauled in revenue of $49.35 billion globally, an increase of 9.3% in U.S. currency terms and 14.2% in local currency terms from $45.4 billion in 2022.

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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

Accounting Today

OCTOBER 22, 2024

The latest data on how accounting firms spend time serving CAS clients, current and projected standard deductions, and other key metrics.

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Withum

OCTOBER 22, 2024

On August 23, 2024, Johnson & Johnson Health Care Systems Inc. (JJHCS) announced to the Disproportionate Share Hospital (DSH) Covered Entities that it was updating its discount policy on Stelara and Xarelto to a rebate model. The 340B program allows DSH entities to purchase eligible drugs at discounted rates up-front and prescribe themto individuals with income levels below the federal poverty line.

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Accounting Today

OCTOBER 22, 2024

The Public Company Accounting Oversight Board imposed a $50,000 fine, revoked the firm's registration and barred its partner.

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CPA Practice

OCTOBER 22, 2024

RSM US LLP, a provider of assurance, tax and consulting services for the middle market, that it has launched RSM Catamaran, a suite of integrated, outsourced solutions for middle market firms. RSM Catamaran offers an integrated, industry-focused, technologically advanced suite of outsourced solutions to help organizations manage and maintain back-office functions such as: Finance, accounting, and tax Managed IT and managed applications Security, governance and risk Human capital “I’m thrilled ab

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

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Accounting Today

OCTOBER 22, 2024

Materia's platform can answer accounting queries in plain language and embed citations so users can verify the information.

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CPA Practice

OCTOBER 22, 2024

Forensic and valuation services (FVS) professionals will meet this year in Dallas from October 28-30 at the annual AICPA & CIMA Forensic & Valuation Services Conference , convening to network, stay abreast of trends in the sector and share expertise. Sessions will cover subjects such as fraud, compliance and lost profits, all of which take on additional importance for businesses in times like this, following two tragic natural disasters in the United States.

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Canopy Accounting

OCTOBER 22, 2024

What's new: Data is only as powerful as the reports where it is displayed. We recently added several visualizations across multiple reports to help you action your data. AR Aging: View clients’ unpaid invoices at a glance, drill down by invoice to see detailed history, or filter by date to focus on current balances. Budget v. Actual: Quickly compare budgeted hours with actual performance.

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CPA Practice

OCTOBER 22, 2024

Grant Thornton, a provider of end-to-end audit, assurance, tax and advisory services, has appointed Greg Davis to lead the firm’s Workday practice. Grant Thornton has also enhanced its Workday leadership team with the addition of Andrew (Drew) Houts, who joins the firm with nearly a decade of Workday ecosystem leadership experience. Since 2019, Grant Thornton has teamed up with Workday , a leader in enterprise cloud applications for finance and human resources.

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Global business travel is surging, with companies spending as much as or more than they did before the pandemic. This trend is expected to continue, with more growth on the horizon. The types of travelers are also changing, with millennials and Gen Zers taking on the majority of the load. Business travel is evolving, and younger generations expect less hassle, even though there are more ways to book and pay for travel than ever before.

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Insightful Accountant

OCTOBER 22, 2024

Bill360, an end-to-end accounts receivable (AR) automation platform that accelerates cash flow by 20% – 30% for accountants and most B2B small-to-medium-sized business clients is launching new features at Intuit Connect.

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CPA Practice

OCTOBER 22, 2024

Thomson Reuters Corporation, a global content and technology company, has acquired Materia, a U.S.-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves.

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Cherry Bekaert

OCTOBER 22, 2024

Cherry Bekaert sends its sincere condolences to all those impacted by the recent storms, including Hurricanes Helene and Milton. As hurricane season continues to devastate communities throughout the Southeast, the Firm’s grant management professionals have compiled a list of common questions and answers for organizations seeking assistance through the Federal Emergency Management Agency’s Public Assistance (PA) Program.

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CPA Practice

OCTOBER 22, 2024

The IRS on Oct. 22 released updated tax brackets and standard deductions for 2025. While the actual percentages of the tax brackets will remain the same until next year because of the Tax Cuts and Jobs Act of 2017, the income levels of each bracket change annually to adjust to inflation. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026.

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Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Finance

Cherry Bekaert

OCTOBER 22, 2024

A B2B subscription-based billing and financial operations Software-as-a-Service (SaaS) company (the Company) engaged Cherry Bekaert tax professionals to file prior returns and close accounts. In reviewing the Company’s data, the Firm’s Sales & Use Tax team realized its tax compliance software was not properly set up according to current sales tax regulations for SaaS companies.

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CPA Practice

OCTOBER 22, 2024

As the year ends, you have a unique opportunity to engage clients and showcase your expertise with year-end marketing initiatives. Here are some effective year-end marketing tips to help you to make the most of the season. Promote Year-End Tax Planning Services Offer a blog series, webinars, or video content focused on year-end tax planning strategies.

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Anders CPA

OCTOBER 22, 2024

St. Louis has nurtured a vibrant startup scene with consistent investments and support organizations. One of the top factors drawing startups to the region may be a legacy of St. Louis’ slow growth since the 1980s, and one we may wish would disappear. The Anders Startup and Entrepreneurial Services team produced the Anders Startup Funding and Outlook Survey Report earlier this year to explore the region’s current status and future potential as a startup hub.

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CPA Practice

OCTOBER 22, 2024

As residents across the southeast continue to pull their lives back together following the devastating destruction of Hurricanes Helene and Milton, the personal financial planning experts at the American Institute of CPAs are offering tips to help with financial well-being and planning for the future. “Victims have a lot of things to sort through following a major disaster, including getting their financial house in order,” says Dan Snyder, director, Public Accounting (Personal Financial Plannin

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Speaker: Chandra McCormack, CPA, MBA, NACD.DC

Imagine being a financial leader who not only ensures the books are balanced but also shapes the future of your organization. 🤔 ✨ This session will take you beyond the routine reporting and into the realm of strategic financial leadership. We’ll explore how today’s finance professionals can juggle the day-to-day operations while also delivering the long term vision that drives growth.

accounting and finance

Inform Accounting

OCTOBER 22, 2024

With the Budget coming on 30th October, speculation is increasing on what changes will be announced. The Chancellor and the Prime Minister have made comments to indicate that the Budget will bring “difficult decisions”.

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CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. Understanding and compliance with Federal Payroll Laws including ERISA, ACA, FLSA, and CCPA Insights into core compliance components such as EIN, FICA, tax withholding, and employee classifications How leveraging payroll technology can greatly assist in maintaining compliance Practical tips for payroll pro

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Insightful Accountant

OCTOBER 22, 2024

Join Insightful Accountant's Be Insightful Premium Content and training program before October 29 and you will be entered into a drawing for a $5000 travel voucher.

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Accounting Today

OCTOBER 22, 2024

Local measures galore; AI to the rescue; franchisees' checklist; and other highlights from our favorite tax bloggers.

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Speaker: Joe Sharpe and James Carlson

Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.

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