Accounting

LBA Haynes Strand PLLC, a North Carolina-based CPA firm, is partnering with the financial technology provider Ceterus to offer client accounting services to dentists. Ceterus has designed a system to automate client accounting for CPA firms, using a combination of artificial intelligence and machine learning. Along with automating the bookkeeping for the firm, Ceterus is
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The Committee of Sponsoring Organizations of the Treadway Commission, or COSO, is teaming up with Top 10 Firm Crowe LLP and CommonSpirit Health to issue new guidance for health care providers on internal controls amid heightened regulatory scrutiny of the health care sector. The publication, “2013 COSO Integrated Framework: An Implementation Guide for the Healthcare
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The price of SALT; raining in New Jersey; using cause-related marketing; and other highlights from our favorite tax bloggers. All president and accounted for Solutions For CPA Firm Leaders (http://ritakeller.com/blog/): Using Twitter in your practice. Tax Girl (http://blogs.forbes.com/kellyphillipserb): In honor of the holiday just passed, “A Look at How Much Influence Presidents Have on Your
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Senate Democrats are accusing the Trump administration of hastily redoing the tax withholding tables last year, harming taxpayers and causing them to owe taxes this year. “If the Administration had simply left withholding tables untouched, most taxpayers would have had the proper amount of taxes withheld from their pay,” Sen. Ron Wyden, D-Ore., the ranking
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Eide Bailly LLP has added cloud technology firm Tactical Cloud, a NetSuite partner, effective Feb. 25, 2019. The merger will bring extra expertise in cloud technology and enterprise resource planning software to Eide Bailly’s existing NetSuite practice in Southern California. Financial terms of the deal were not disclosed. Eide Bailly’s revenue last year was $293
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The Internal Revenue Service said Thursday that enrollments won’t expire for enrolled agents whose enrollments are due to expire at the end of March because the partial government shutdown delayed processing of the EAs’ renewals. “Due to the government shutdown, the processing of renewals for enrolled agents whose enrollment expires on March 31, 2019, will
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The Financial Accounting Standards Board issued a proposed accounting standards update Thursday on the recognition and measurement of deferred revenue in business combinations. The proposal comes after FASB heard feedback from some of its constituents that companies are accounting for deferred revenue in a business combination in different ways. FASB’s Emerging Issues Task Force took
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Patisserie Valerie was rescued by Irish private-equity firm Causeway Capital Partners after an accounting scandal pushed the U.K. cake baker into insolvency. Causeway Capital struck a deal for the assets and business of the cafe chain’s parent Patisserie Holdings Plc, according to a statement. Causeway Capital and the bakery chain’s new management, led by Chief
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Bloomberg News The Treasury Department and the IRS have issued guidance that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first-year depreciation deduction. Affected vehicles must also be subject to the depreciation limitations for passenger automobiles. Under the Tax Cuts and Jobs Act, the additional
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The National Society of Accountants Scholarship Foundation is accepting applications for its 2019-2020 academic scholarships. The NSA Scholarship Foundation is looking to provide financial aid to tax and accounting students. Scholarships are awarded to undergraduate students currently enrolled in a two- or four-year college or university, with applicants judged on factors such as academic achievement,
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While most accountants are familiar with Code Section 1202 and its exclusion for gain of qualified small-business stock, or QSBS, it has in recent years been neglected despite its potential benefits to small-business founders and venture capital and private equity investors. But with the increase in the exclusion amount and the lower corporate tax rate,
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I joined Withum 14 years ago when it had 250 people. It’s now 1,100 strong. As Withum is growing, the needs of the firm continue to expand with newly created positions to ease the growth for the staff and provide better and more value-added services to clients. Some of the nontraditional positions for an accounting
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Hungary announced further measures to boost child births, including expanding subsidies for home purchases and providing handouts to families, as part of efforts to boost the nation’s fertility rate and counter slowing economic growth. Speaking at a state-of-nation address on Sunday, Prime Minister Viktor Orban said he is seeking to maintain an annual economic expansion
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