Home
Featured….
IRS Updates FSA Amounts for 2024
Hunter Biden Charged with Tax Crimes in Los Angeles
Decoding the Difference: Tax Planning vs. Advisory
The Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023
Contributors….
Becky Livingston
Garrett Wagner
Richard D. Alaniz
Randy Johnston
Webinars and CPE….
CPE Webinar December 12, 2023: Take the Stress Out of Tax Season with Bite-Size Benchmarks
Webinar: Get Tax Ready! How AI is Solving Source Document Gathering
Events….
AICPA & CIMA ESG and Sustainability Conference
The event comes amid rapid change in the regulatory environment and increased focus on sustainability reporting, assurance and strategy by companies, lenders and investors.
Accounting
AICPA and CIMA to Host Women’s Global Leadership Summit Nov. 13-15 in Phoenix
The summit provides the opportunity for both women and men allies to engage in sessions on leadership, diversity and best practices to enhance the skills and potential of women leaders within the accounting and finance community.
3,000+ Accounting and Tax Pros Earn CPE During Largest Free Streaming Conference
Over two days and 14 one-hour sessions, the profession’s top thought leaders served on panel discussions of a variety of subject areas related to tax, accounting, practice management and ethics.
IRS Updates FSA Amounts for 2024
Starting next year, employees can contribute up to $3,200 tax-free to a flexible spending account through payroll deduction.
Hunter Biden Charged with Tax Crimes in Los Angeles
Biden is accused of failing to pay his taxes on time from 2016 to 2019, filing false and fraudulent tax returns in 2018, and tax evasion.
Decoding the Difference: Tax Planning vs. Advisory
Let’s talk through how these two functions differ, and how you as a tax professional can better define them for your clients to create additional revenue streams.
The Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients.
Why Firms Are Being Ghosted By Job Seekers
Ghosting in the job hunt is now a fact of life. But firms that are upfront about salaries and benefits might stop the ghosting.
Ensuring Success 2023 – Day 2 Sessions Recap
The 10th annual Ensuring Success CPE conference is now underway at www.ensuringsuccess.com/watch-2023. Accounting and tax pros can view this live, streaming CPE conference from their own office on Dec. 6-7, 2023.
CPA Indicted for $800,000 in Tax Fraud, Claiming Fake Foster Child as Dependent
Jack Lee Oliver of Rivesville, WV, used a foster child he never met to inflate his tax refund, according to the Justice Department.
IRS Shoots Down Rumors of More Stimulus Checks
The IRS has no plans to send a fourth round of stimulus checks, despite claims made in a series of widely-shared social media posts.
Retirement Plans for the Self-Employed
Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified.Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified.
4 Quick Ways to Lose a Job
At the end of the day, we spend more of our life at work than at any other place, even more than at home sometimes.
Inflation Has Drained Pandemic-Era Savings for Many Americans
Inflation has sapped 40% of Americans’ pandemic savings, making consumer spending even more reliant on the job market.
40% of Americans Are Concerned About Financial Stress in 2024, Survey Reveals
Meanwhile, a third of Americans say they are worse off financially this year compared to last, according to a Fidelity survey.
Billionaire Tax Rests on a Disputed $14,729 Tax Refund at the U.S. Supreme Court
Democratic dreams of imposing a wealth tax on the richest Americans risk being snuffed out by a dispute over a $14,729 bill.
Five Charitable Giving Strategies
These tips can help you spread the love even more to charities you trust while also taking advantage of different kinds of tax benefits.
Ensuring Success 2023 – Day 1 Sessions Recap
The 10th annual Ensuring Success CPE conference is now underway at www.ensuringsuccess.com/watch-2023. Accounting and tax pros can view this live, streaming CPE conference from their own office.
House Ways and Means Backs Release of Hunter Biden Tax Probe Information
After IRS agents testify, the House tax-writing panel voted to make public documents and transcripts provided by the agents.
Generative AI, Practice Transformation, Capacity and Leadership Headline DCPA23 Conference
The rapid emergence of GenAI-enabled solutions was front and center for CPA.com president and CEO Erik Asgeirsson who believes the technology “presents enormous opportunities for the accounting and finance profession.”
Creating a Budget for College Expenses: Tips for Clients
By planning and budgeting strategically, you can help your clients pursue their dreams without compromising their financial future.
AICPA Debuts Proposed Reporting Framework for Issuers of Stablecoins
Regulatory bodies such as the New York State Department of Financial Services (DFS) already require reporting on and attestation of stablecoins.
70% of Higher Ed Leaders Think Industry Needs Fundamental Change in Management
The outlook synthesizes data based on a survey of respondents from all regions of the United States and all sectors of higher education except for-profit institutions.
Marcum Unveils New Generative AI Tool AskMarcum.ai
Powered by Microsoft Azure OpenAI Service, the new tool is embedded within Microsoft Teams for employee use.
SSA: Social Security Overpayments Swell to $23 Billion
Social Security Administration’s uncollected overpayments balance grew from $21.6 billion to $23 billion in FY 2023, a report says.
Sovos Approved as an IRS Modernized e-File (MeF) Business Provider for 1042 Returns
Starting with tax year 2023 filings and beyond, financial institutions or businesses filing 10 or more information returns can no longer submit Form 1042 on paper
Branding an Accounting Firm – Top Resources You’ll Need
Are you considering your own firm (or rebranding due to a merger or acquisition)? Here are several branding questions to answer and resources you will need before opening the front door.
AuditFile Launches New Single Audit, Governmental, and International IFRS Modules
Advantage Audit AI leverages a patented artificial intelligence engine to optimize and automate the auditing process.
IRS Offers New Guidance On Clean Vehicle Manufacturing
The proposed regulations provide definitions and proposed rules for qualified manufacturers of vehicles to determine eligibility for the clean vehicle credit regarding the excluded entity restrictions.
IRS Warns Taxpayers About Crypto ‘Pig Butchering’ Scams
IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance.
2023 Has Been a Banner Year for PCAOB Enforcement
The PCAOB has doled out a record $20 million in total fines so far in 2023, almost doubling the previous high mark of $11 million last year.
U.S. Supreme Court Casts Doubt on SEC Enforcement Actions Without Juries
Conservative justices, in a securities fraud enforcement case, sound skeptical that defendants shouldn’t have a right to be judged by peers.
The Technology Lab Podcast – Review of TeamMate Document Linker – Dec. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss TeamMate Document Linker for External Audit, a solution designed for CPAs, saving junior auditors time, strengthening audit quality, and improving auditor satisfaction.
Professional Services Firms Just Can’t Stop Talking About AI
In the professional services sector, chatter about generative AI nearly doubles that of the tech crowd, according to a LinkedIn report.
Eide Bailly Teams Up with High Plains Technology
The merger, which becomes effective on Jan. 8, brings four partners and 14 staff to Eide Bailly’s Sioux Falls and Fargo offices.