Latest
Webinars….
Webinar: The Power of Simplifying your Firm
Becker Launches Tax Representation Training with Tax Rep Network
Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes
Events….
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.
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.
Podcasts….
Firm Management
Review of Canopy Tax – The Accounting Technology Lab Podcast – July 2024
Hosts Randy Johnston and Brian Tankersley, CPA, take a look at Canopy, a firm-wide operating system that let’s you do the same amount of work you have today, with the talent you have, but in less time, with less stress, and while creating better client experiences.
Accounting
Review of BQE Core – The Accounting Technology Lab Podcast – July 2024
Hosts Randy Johnston and Brian Tankersley, CPA, take a look at BQE Core, an all-in-one accounting and invoicing software that let’s you manage everything from one platform.
How to take advantage of ’10-Year Averaging’ in New Retirement Tax Rules
A taxpayer may qualify for “ten-year averaging” when they receive a lump-sum distribution (LSD) from a qualified plan.
Nominations Open for 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.
IRS Shares Five New Warning Signs of Incorrect ERC Claims
These red flags come from common issues that IRS compliance teams have seen while analyzing and processing ERC claims.
‘Unpredictable’ Election Clouds Tax and Economic Policy View
The immediate unknown is whether Vice President Kamala Harris would recalibrate Democrats’ economic agenda.
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Sen. Bernie Sanders said he has “some interest” in the Finance panel opening, due to the resignation of Sen. Bob Menendez next month.
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
Jennifer Vandever was sentenced to more than three years in prison after pleading guilty to wire fraud and tax evasion.
New Jersey Joins IRS Direct File For 2025 Filing Season
Direct File will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it’s in.
IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers
The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.
IRS Chief Not Too Worried About Fallout From Loper Bright Ruling
Danny Werfel said he’s “fairly optimistic” the Supreme Court ruling won’t deter future efforts to provide better taxpayer services.
Review of Canopy Tax – The Accounting Technology Lab Podcast – July 2024
Hosts Randy Johnston and Brian Tankersley, CPA, take a look at Canopy, a firm-wide operating system that let’s you do the same amount of work you have today, with the talent you have, but in less time, with less stress, and while creating better client experiences.
Local Governments are Addicted to Sales Tax Revenues
The 2024 Mid-Year Sales Tax Rates and Rules report, commissioned by Vertex Inc., outlines the evolving landscape of local tax implementation, proliferation of fees, and increasing complexity of tax compliance for businesses across the U.S.
Uncertainty and Global Risks Outpace Risk Management Processes
Only a third (37%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (30%) rate their organizations overall risk management oversight as “mature” or “robust.”
Acumatica Launches Alliance Program to Expand Partner Ecosystem
Organizations eligible to become Alliance Members are those focused on helping companies grow and succeed in an evolving business landscape.
How Cosourcing Can Be an Innovative Delivery Model for Business Life Cycle Accounting and Financial Reporting Challenges
Within accounting and financial reporting, innovation is often associated with new technology. Cosourcing’s collaborative teaming approach and delivery model can cast innovation for accounting and financial reporting in a new light.
U.S. Military Households More Likely in Better Financial Situation Than Non-Military Households
Also, military households with higher incomes are more likely to be confident about retirement prospects than non-military households.
What Is the Greatest Flaw of Accounting Firm Leaders?
Koltin Consulting Group CEO Allan Koltin talked about this flaw during his keynote speech on leadership at Bridging the Gap 2024.
IRS Releases Initial Guidance on Carbon Sequestration Tax Credit
Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.
Texans Get Tax Relief From the IRS After Hurricane Beryl
Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.
FASB Aims to Improve Derivative Accounting
Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments to the FASB on the proposed ASU.
How Auditors Are Currently Using Generative AI
The integration of GenAI in audits and financial reporting is in its early stages but rapidly evolving, the PCAOB said in a new report.
PwC and Withum Share Lead For Most IPO Audit Clients in Q2
Of the 54 companies that went public, PwC and Withum audited 16 of them—eight each—according to Ideagen Audit Analytics.
Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’
The case will go before the state’s Supreme Court after a lower court ruled earlier this year that the tax is unconstitutional.
Job Market For Gen Z College Graduates Actually Isn’t Too Bad
When you compare the labor markets faced by Zoomers with previous generations, recent college grads are better off.
Opinion: Some of Trump’s Tax Cuts Worked, But at What Cost?
Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?
Incoming NASBA CEO Appoints Four to Leadership Team
The new leadership team members will start Aug. 1, the same day Daniel Dustin takes over as NASBA CEO and president.
AICPA Endorses Provisions of Tax Administration Simplification Act
The AICPA expressed its endorsement of provisions of H.R. 8864, the Tax Administration Simplification Act, which would apply the mailbox rule to electronically submitted tax returns and payments.
Accountants Among the Happiest Workers in the U.S., New Study Finds
Accounting and tax had an overall score of 71.92 out of 100, just behind manufacturing which has the most satisfied workers.