Payroll
AICPA Asks Treasury for Clarification of Long-Term and Part-Time Employee Rules
The recommendations touch on points made in the November 2023 proposed regulations related to the changes to LTPT employees made by SECURE 2.0.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Accounting
Internal Audit Foundation Report Finds Changing Risk Landscape Will Require Shift in Hiring Trends
According to the report, hiring managers tend to seek recent college graduates who have studied accounting (80%), followed by those from auditing (53%) and business (44%).
Small Business
FreshBooks Updates Digital Payment Options with Stripe Connect
FreshBooks is one of the first to adopt Stripe Connect’s new and innovative features that will help business owners onboard faster, track their payouts, and facilitate improved cash flow.
Small Business
IRS Offers Resources and Advice During National Small Business Week
The Internal Revenue Service is offering tax-related information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week.
Small Business
Americans Plan to Spend Nearly $33.5 Billion for Mother's Day
The figure is the second highest in the history of the survey, following last year’s record $35.7 billion.
Firm Management
PKF O’Connor Davies Establishes PKF O’Connor Davies University to Enhance Team Members’ Continuing Education
PKF O’Connor Davies University provides team members with an array of industry-specific training, coaching and certification opportunities that are foundational for career advancement.
Accounting Standards
FASB Private Company Council Meeting Recap
The Private Company Council (PCC) met on Thursday, April 18, 2024. This is a summary of topics discussed by PCC and FASB members at the meeting.
Accounting
The Accounting Technology Lab Podcast - Review Of AssurancePrep - April 2024
Hosts Randy Johnston and Brian Tankersley, CPA, look at AssurancePrep, an outsourcing provider that specializes in audit talent but also has tax and client accounting skills.
Payroll
More Companies are Enhancing Strategies to Retain Key Staff During M&As
Acquiring companies tend to offer retention agreements to more C-suite executives and their direct reports compared with other salaried employees.
Taxes
IRS Offers Final Guidance on Transfers of Credits Under Inflation Reduction Act
The final regulations also describe special rules related to excessive credit transfers and recapture events.
Accounting
Accounting MOVE Project Mini Summit Promises Compelling Speakers and Timely Topics
This event is ideal for partners, firm administrators, HR professionals, and virtually anyone who works for an accounting firm and is interested in enhancing gender diversity and promoting equal opportunities and inclusive cultures.
Technology
Thomson Reuters Plans AI Functions for All Professional Users
CoCounsel will unify the entire customer experience and give customers a new way to access Thomson Reuters product capabilities through a single GenAI assistant with applications across Legal, Tax, Risk & Fraud, and Media.