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Featured….
Nomination Period Opens for CPA Practice Advisor’s 2024 Tax & Accounting Technology Innovation Awards
Kathryn Fletcher, CPA, CGMA Elected Chair of GSCPA Board of Directors for 2024-25 Year
IRS: Security Threats Against Tax Pros Remain a Daily Threat
Small Businesses Hired At a Slower Pace in June
Contributors….
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Randy Johnston
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Darren Root, CPA, CITP, CGMA
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Becky Livingston
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Garrett Wagner
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Richard D. Alaniz, JD
Webinars and CPE….
Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes
Webinar: Growing Your Bookkeeping or Accounting Firm: A Roadmap to Success
Events….
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Technology
K2 Artificial Intelligence Conference – June 20 – 8 Hours CPE Available
K2 Enterprises will host the Accountant’s Artificial Intelligence Conference, a new virtual event that is set to make an indelible mark on your professional skill set.
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Taxes
Tax In Motion 2024 Federal Tax Forum – June 25-26, 2024
Join RSM’s highly anticipated two-day federal tax forum for comprehensive sessions covering crucial updates in federal tax regulations and practices.
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Roadmap to The Modern Firm
For firms, the continuum represents a proven, strategic roadmap to achieve modern status and thrive in the digital era.
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2024 Most Powerful Women in Accounting Awards Announced
The awards, presented by the AICPA and CPA Practice Advisor, recognize leaders for their significant contributions to the profession.
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Accounting
State CPA Societies in Action – The Rhode Island Society of CPAs
State CPA Societies in Action is a series of articles spotlighting the varied educational, advocacy, networking and professional activities of the state CPA societies across the U.S.
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Accounting
Nomination Period Opens for CPA Practice Advisor’s 2024 Tax & Accounting Technology Innovation Awards
Now in their 21st year, the Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
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Accounting
Kathryn Fletcher, CPA, CGMA Elected Chair of GSCPA Board of Directors for 2024-25 Year
Fletcher has been an active and involved member of GSCPA for 22 years. She has previously served on the GSCPA Board of Directors and has volunteered her time on numerous committees and task forces.
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Taxes
IRS: Security Threats Against Tax Pros Remain a Daily Threat
The IRS and its Security Summit partners announced the start of its annual “Protect Your Clients; Protect Yourself” campaign.
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Small Business
Small Businesses Hired At a Slower Pace in June
Hourly earnings growth for small business employees held steady last month, according to the latest report from Paychex.
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Firm Management
Distracted In the Office? New Study Finds You’re Not Alone
A new study from Insightful, a workplace software company, looks at all the reasons why we have difficulty focusing at work.
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Benefits
Americans Lead the World In Taking the Fewest Vacation Days
U.S. workers receive an average of 12 days of paid time off per year, and they struggle to use all of them, Expedia found.
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Payroll
May Job Openings Beat Expectations
Job openings in May were higher than economists expected, according to the latest Bureau of Labor Statistics report.
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Payroll
Millennials Behind Surge in Freelance Side Jobs
Americans are freelancing now more than ever, and they’re increasingly working such jobs on the side to supplement their main income, according to a survey by Revelio Labs.
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Advisory
How to Use ChatGPT to Create Attention-Grabbing Marketing Content
Using ChatGPT, Copilot, or Gemini to create any type of marketing output can save you time and money. And if you’re not a natural wordsmith, it can help you put the pizazz in your titles and subject lines as well as the rest of your marketing content.
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Payroll
Survey: 4 in 10 Businesses Have Posted a Fake Job in the Last Year
Why? Businesses post fake jobs to boost their reputation, productivity, and employee morale, according to Resume Builder.
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Firm Management
New Basic Training Bootcamp Geared Toward Emerging Accounting Firm Leaders
Content has been created with input from today’s top firm leaders to ensure new leaders enter the role prepared for what lies ahead.
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Taxes
NYU Professional Studies to Host Tax Conferences
The events will focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.
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State and Local Taxes
Seven States Where Gas Taxes Increased July 1
Not all states are increasing gas taxes, as Kentucky and Maryland are offering drivers some relief at the pump starting July 1.
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State and Local Taxes
New Jersey Passes New Budget, With Tax Increases for Some, Property Tax Relief Too
The plan also calls for spending $2.1 billion more than it collects in revenue from taxes and fees at a time when the state faces uncertain financial prospects.
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Accounting
FASB Private Company Council Identifies 4 Priorities
The Private Company Council (PCC) met on Monday, June 24, 2024. Below is a summary of topics discussed by PCC and FASB members at the meeting:
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Taxes
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
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Taxes
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.
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Firm Management
Withum Admits 20 New Partners
There’s a new crop of partners at top 25 accounting firm Withum, as the class of 2024 was announced on July 1.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/female-business-partners-768x512.jpg)
Small Business
Female Entrepreneurs Are Starting Businesses at Record Rates, Gusto Says
New data from Gusto shows that women started half of all new businesses in 2023, compared to a mere 29% in 2019.
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Sales Tax
Australia Makes Business Expansion Easier by Removing Nuissance Tariffs
Eliminating tariffs on products that qualify for a concession should simplify Australia’s trade system and remove compliance burdens for Australian firms.
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Firm Management
How Firms Can Maximize the Potential of a Multigenerational Workforce
Harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success.
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Accounting
Ed Duarte Starts Tenure as Chair of FICPA
The chief financial officer of Foreign Parts Distributors, Inc., (FPD) in Miami, Florida, Duarte spent the first 15 years of his career working in public accounting in New York City, South Florida and Puerto Rico
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Accounting
AICPA Awards $691,000 in Scholarships
The AICPA Foundation was established in 1922 to advance the science of accountancy and accounting education.
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Taxes
Is Your IRA an IOU to the IRS?
Converting to Roth IRAs, using a Roth 401(k), and leveraging life insurance and annuities can help reduce your taxes in retirement.
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IRS
What the Supreme Court Striking Down Chevron Means For the IRS
A landmark decision from SCOTUS fundamentally alters the administrative law landscape and impacts federal agencies.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/millennial-data-security-768x512.jpg)
Payroll
Gen Z and Millennials Don’t Want to Be the Weakest Links in Workplace Digital Security
Younger workers worry that they’re especially vulnerable to new hacker tactics, according to a recent survey from EY.
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Firm Management
Nearly a Quarter of Office Space in the U.S. Will Be Empty by 2026
Office vacancies are growing—but that doesn’t mean offices will be relics of the past, according to a new report from Moody’s.
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Payroll
Many Americans Feel Confident About Hitting Their Financial Goals, Survey Finds
Despite dealing with higher prices, the majority of Americans feel they are better off than the generations that came before them.
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Payroll
401(k) Balances Soared Last Year—But Not Enough for Americans to Retire Comfortably
A new Vanguard Group report found that the median account balance was up 29%, to $35,286, but still falls short for a cozy retirement.
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Small Business
ACCA Study Highlights SME Empathy, Flexibility and Innovation
It also includes a toolkit offering practical tools and insights on a range of topics of interest to SMEs.
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Taxes
IRS Issues Final Regs on New 1% Excise Tax on Corporate Stock Repurchases
These final regulations require that the stock repurchase excise tax be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the corporation’s taxable year.