Automation pitfalls; companions in conferences; providing monetary planning; and different highlights from our favourite tax bloggers.
- Armanino (https://www.armanino.com/articles/): The Securities and Alternate Fee’s watchful eye over cybersecurity points turned far more centered in July 2023 when it finalized new cybersecurity disclosure mandates. The guidelines, which went into impact Sept. 5, are extra rigorous and embody particular necessities for registrants for fiscal years that finish on or after Dec.15. Six methods to conform.
- HBK (https://hbkcpa.com/insights/): Abruptly modified invoices, present playing cards and redirected funds are all instruments within the rising crime of “enterprise electronic mail compromise.”
- AICPA Insights (https://www.aicpa-cima.com/weblog): Cybercrooks relish small firms (and companies) and their typically B-grade firewalls. Ask the fitting questions on your cybersecurity, sorts of cyberattacks, insurance coverage protection limits — and what occurs in case you do not observe the coverage.
- Wolters Kluwer (https://www.wolterskluwer.com/en/options/tax-accounting-us/industry-news): Aided by synthetic intelligence and Inflation Discount Act funding, the IRS takes purpose at partnerships. What to anticipate and put together.
- College of Illinois Tax Faculty (https://taxschool.illinois.edu/weblog/): A take a look at the brand new function of IRS Tax Professional accounts to raised handle authorizations.
- Vertex (https://www.vertexinc.com/sources/resource-library/filter/field_asset_type/weblog?web page=0): Cloud expertise can assist oblique tax teams reply to enterprise mannequin adjustments, clean ecommerce, enhance buyer experiences and discipline tax compliance. Which all implies that tax groups should be sure that tax expertise cloud migrations are constructed into bigger ERP migrations and finance transformation.
- TaxConnex (https://www.taxconnex.com/blog-): Automation, particularly for one thing as advanced as gross sales tax, works nice. Till it would not.
- Options For CPA Agency Leaders (https://ritakeller.com/wordpress/): Most conferences aren’t actually vital. Neither is the presence, essentially, of all companions in a gathering.
Unfairness of issues