CPA Practice

AUGUST 15, 2023

Registration is now open for an executive management course, jointly developed by Saïd Business School at the University of Oxford and AICPA & CIMA, that’s designed to give accounting and finance professionals the skills necessary to lead their organization’s response to sustainability issues. AICPA & CIMA’s global head of ESG.

accounting and finance 94

accounting and finance Finance CPA Government 94

Going Concern

MARCH 22, 2024

Deadlines ICYMI: The IRS Is Ready to Strike the Fear of God Into Anyone Who Took ERC Today, March 22, is the last day to participate in the Voluntary Disclosure Program. Deadlines ICYMI: The IRS Is Ready to Strike the Fear of God Into Anyone Who Took ERC Today, March 22, is the last day to participate in the Voluntary Disclosure Program.

Minnesota 109

Minnesota cpas audit CPA 109

TaxConnex

NOVEMBER 19, 2020

We’ve compiled some of the top questions we get from clients on the risk and liability of sales tax non-compliance. If your business is ever contacted by another state, be responsive and pay attention to all the dates and deadlines in the notices. Attempt to manage everything in-house. Outsource sales tax compliance.

Sales 215

Sales Tax audit Legal 215

ThomsonReuters

MAY 16, 2024

Unlike conventional AI, which relies on pre-set responses or learned patterns, generative AI independently generates new outputs. However, as the old adage goes, with this great power comes great responsibility. As such, many forward-looking firms are already adopting solutions to help them take advantage of this enormous opportunity.

Tax 52

Tax Account accountant accounted 52

TaxConnex

JULY 1, 2021

With the 2018 Wayfair decision , many more businesses are now required to collect and remit sales tax, and while many have taken action, there are still a lot who have yet to grasp it fully. What these businesses don’t realize is that due to responsible party laws, a business itself is not the only one at risk. Corporate officers?

Sales 130

Sales Tax tax return audit 130

CPA Practice

OCTOBER 26, 2023

To decide where to apply, who to interview, and who to date, we comb through our little black books of online profiles. We size each other up online before ever deciding to meet and when we do meet, we dig through our wardrobes to find the perfect outfit, primp our hair, and check our teeth for spinach.

Maine 111

Maine 111

Airbase

JULY 19, 2023

Different elements of procurement are handled by different people: perhaps compliance is the responsibility of the controller, and the InfoSec team monitors software purchases for things like SOC reports and data retention policies. Employees make purchases in multiple ways, including by corporate card, invoices, or their personal cards.

audit 130

audit Legal Spend Management Finance 130

Going Concern

MARCH 18, 2024

Here we are, another Monday. Due to a technical issue on the website over the weekend, our weekend discussion on private equity in the profession was deleted — along with a few earlier posts that we were thankfully able to recover. Deloitte is reorganizing globally according to the little birdies who speak to Financial Times.

Account 99

Account accountant accounted audit 99

Going Concern

NOVEMBER 7, 2023

Generative AI is a powerful tool, most of all in the hands of people who know how to use it. The academic who claimed responsibility for the submission — Macquarie University Professor of Accounting and Corporate Governance James Guthrie — had only started using Google Bard that same week and did not fact check Bard’s work.

audit 120

audit Construction Start-ups Technology 120

Going Concern

JULY 6, 2023

The news release said the firm “has reached conclusions in its investigation into the handling of confidential Treasury information and past failures in professional, ethical or leadership responsibilities.” A sort of immaculate misconception, with no guide rail and almost no tax partners. Talk about swimming outside your lane.

Tax 103

Tax corporation tax Government Legal 103

Going Concern

AUGUST 30, 2023

The Treasury Inspector General for Tax Administration released a report Tuesday [ PDF ] they initiated in response to a Congressional request from Sen. Said TIGTA: We considered this request when developing the scope of our review. 255 employees had income from a large corporation. Elizabeth Warren (D-Mass.)

accounting firms 69

accounting firms Account accountant accounted 69

Going Concern

APRIL 29, 2024

Do we need more? We are excited for the opportunity to create better outcomes for our clients and people as we launch this strategy,” he said. We are on the journey to transform through technology and AI that delivers leading insights, quality and outcomes for our clients. You get it. With 2x the trust! “We

Government 64

Government Tax audit Construction 64

ThomsonReuters

NOVEMBER 15, 2023

In a recent webinar moderated by SupplyChainBrain editor-in-chief Bob Bowman , a panel of global trade experts gathered to discuss the Thomson Reuters 2023 Corporate Trade Survey Report , which explores how global trade professionals are thinking about the issues they face and what their current management priorities are. companies (e.g.,

Georgia 94

Georgia Technology Government Legal 94

Airbase

DECEMBER 6, 2023

This balance is especially challenging for companies who don’t have a dedicated procurement team, but still need strong control over and clear visibility into all spending. Doximity faced significant challenges around company spending before implementing Airbase’s corporate card program nearly five years ago.

NetSuite 130

NetSuite NetSuite Integration accounting and finance AP Automation 130

Airbase

JUNE 30, 2023

Continued economic uncertainty has organizations carefully balancing budgets and benefits when it comes to corporate travel. But the cost of travel’s carbon footprint is an increasingly important factor in assessing corporate travel cost benefit. tripled in 2021 alone. Airbase and TravelPerk: Goodbye tedium, hello efficiency.

NetSuite 130

NetSuite Expense Management Approval Workflows accounting and finance 130

Airbase

FEBRUARY 23, 2023

“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” — Lao Tzu Predictions about the state of the economy are notoriously difficult. According to some analysts, we should all buckle down and prepare for the worst. So, should you be planning for an upcoming recession? Yes, there will be a recession.

Spend Management 147

Spend Management Technology Modern Spend Management general ledger 147

Going Concern

JUNE 24, 2022

Some choice quotes from the memo: We are a partnership that has been strong and growing in some countries for over 150 years. Our responsibility is to leave the firm better than we found it for those who come after us – we are stewards of the business for our mentees and the next generation.

audit 115

audit 115

CPA Practice

FEBRUARY 6, 2024

We expect this trend to continue in 2024 in the small number of jurisdictions that have considered the issue but have not yet acted, even though the TCJA’s SALT deduction limitation is currently scheduled to expire at the end of 2025. In response to the dismissal of the earlier state lawsuit, Apple Inc. 86-272 guidance is not valid.

South Dakota 124

South Dakota Tax Maryland income tax 124

Cherry Bekaert

APRIL 23, 2024

Download Whitepaper The impact of artificial intelligence on how we live, work and do business has been undeniable for over a decade. Ignor­ing AI is not an option – but how to parse through the hype and harness AI for corporate growth? Should we consider a partner for AI strategy and implementation? Why use AI technologies?

Technology 134

Technology Manufacturing B2C accounts payable 134

Going Concern

JANUARY 5, 2024

TL;DR Are you an annoying person without any friends who can’t strategize your way out of a paper bag? Don’t burn bridges because you never know who may provide the introduction to your next great career move or will take your call requesting expert guidance on human resources or tax issues.

cma 111

cma Gaming CPA accounting and finance 111

Reckon

AUGUST 13, 2023

Rather fittingly for an entrepreneur obsessed with cutting-edge technology, the next big Elon business venture will be to join the new AI gold rush and possibly change the way we approach AI. Generative AI can craft human-like responses and create output such as text, imagery, and music. Its response?

Technology 95

Technology Education 95

CPA Practice

JANUARY 18, 2023

ICPAS serves an extraordinary community of more than 22,600 accounting and finance professionals in a variety of CPA and non-CPA roles positioned throughout the public accounting, corporate finance, not-for-profit, consulting, education, and government sectors. Who are the members? Focusing on the firsthand experience of Mary T.

Illinois 125

Illinois CPA Non-Profits cpas 125

Going Concern

MARCH 25, 2024

Are we to believe boomer CEOs have any idea what they’re talking about when 95% of them say they’re adopting generative AI in their business in the next 12 months? The current market and economic conditions are challenging and we are seeing some meaningful changes in how our clients are buying some of our services,” she said.

Account 101

Account accountant accounted auditor 101

CPA Practice

APRIL 11, 2024

No, the Tax Cuts and Jobs Act of 2017 didn’t pay for itself but at this moment reversing the marquee part of the legislation—lower tax rates for companies—to help narrow the bulging budget deficit is the last thing we should do. For businesses, it aimed to spur capital spending by slashing the corporate tax from 35% to 21%.

Tax 52

Tax North Carolina corporation tax Sales 52

Basis 365

FEBRUARY 1, 2023

Accountant Vs. Controller Controllers and accountants often share the same responsibilities and roles. A controller, however, is the more senior position responsible for managing accounting-related activities within the company. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting.

Account 97

Account accountant accounted bookkeeping 97

CPA Practice

DECEMBER 3, 2023

Who is our target audience? Are they small businesses, large corporations, individuals, specific industries, or non-profits? What brand personality do we want to project? How do we want clients to feel when they think of our brand? Determining the desired emotional response from clients (e.g.,

accounting firms 125

accounting firms Account accountant accounted 125

Cherry Bekaert

APRIL 10, 2023

From managing day-to-day financial information and transactions to providing strategic insights to decision-makers, accounting professionals have their hands full with a wide range of responsibilities. Managing the Labor Shortage Challenge The first issue facing the accounting landscape is the availability of high-performance talent.

Account 75

Account accountant accounted Technology 75

Cherry Bekaert

JULY 5, 2023

Depending on where you operate, where your securities trade or who you do business with, you are likely to be subjected to comply with one or more jurisdictions’ corporate responsibility mandates either directly or indirectly, depending on your supply chain position. SEC is a member of.

Non-Profits 93

Non-Profits accounting and finance Government Finance 93

CTP

JANUARY 22, 2024

Fortunately, the Office of Professional Responsibility (OPR) provides guidance on key ethical questions. Circular 230 regulations are intended for those who “practice” before the IRS, but the ethical standards of conduct can apply to any tax professional. Let’s return to the S corporation as our example.

tax planning 52

tax planning Tax tax return Construction 52

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. In this blog, we will dive into the details of four notable tax laws that have been introduced into legislation and deserve our attention. What does this mean for my firm?

Tax 110

Tax tax return Technology income tax 110

ThomsonReuters

APRIL 17, 2024

For those who reported being hesitant about GenAI, the primary reason given was due to the technology itself. I would not want to be too dependent on it,” said one corporate tax director. However, in the long-run, I think it will be a valuable tool.” How are tax professionals using generative AI?

Tax 98

Tax tax preparation tax return Technology 98

Going Concern

DECEMBER 11, 2023

As a result, the accounting industry grows, but touted benefits for markets and corporate stakeholders appear elusive. Second, we find that audit mandates benefit the auditors by creating new demand, particularly from smaller companies just above the exemption threshold.

auditor 105

auditor Account accountant accounted 105

TaxConnex

AUGUST 15, 2023

Income we trust. New Jersey signed budget legislation that changes the state’s corporate tax regulations. The failure to file was based on the advice of a CPA employed by the taxpayer, who subsequently hired a new CPA firm and began correctly filing state returns for both sales tax and corporate income tax.

Sales 130

Sales Tax Alabama Texas 130

Going Concern

JULY 31, 2023

[Insert generic comment about “wow the year is just flying by” here] Let’s get right to it, shall we? Mr Fels, who has provided evidence to the committee looking into the ethical behaviour the major consultancy firms, said conflict-of-interest concerns about the big four were “a problem of their own making”.

auditor 98

auditor Account accountant accounted 98

Cherry Bekaert

AUGUST 8, 2023

In this post, we evaluate a hypothetical scenario to illustrate how different structuring options affect a company’s tax obligations and its ability to reward an employee with profits interests. Ruling 69-184 considers a partner who provides services to a partnership to be a self-employed individual. 93-27, 1993-2 CB 343 and Rev.

Tax 78

Tax income tax Legal Account 78

Going Concern

MAY 16, 2024

When was the last time we covered Deloitte’s yearly Gen Z and Millennial survey? This is its thirteenth year and we’ve been around for almost 15 so…you know what, who cares. In the past we’ve always made fun of these declarations that millennials and Gen Z strongly value purpose over a paycheck.

Technology 64

Technology accounting and finance public accounting Account 64

CPA Practice

MARCH 1, 2024

The Internal Revenue Service has announced a new effort focused on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since 2017. The IRS is taking this step to address this most basic form of non-compliance, which includes many who are engaged in tax evasion.

tax return 115

tax return Tax audit income tax 115