This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Last time we looked at the damage that one companys past sales tax exposure and liability can do to an M&A deal. In that part, well examine what can be done about this exposure. Mitigation How can either or both parties in an M&A mitigate this exposure through further research or jurisdictions programs? (Bear in mind the buyer may be the one to determine mediation as part of due diligence or escrow.
Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement?
A Process Lead at AccountingDepartment.com plays a crucial role in our Implementation team's support of new client onboarding. Those who occupy this role are people who thrive in a fast-paced environment, enjoy working with a variety of personalities, and possess strong communication skills. Accuracy, attention to detail, and follow-through are also critical for success in this position.
I recently had a conversation with a prospective customer who was puzzled by why their net income wasn't translating into a higher cash balance. A quick review of their balance sheet immediately revealed the issuethey had invested significantly in expensive vehicles, coupled with substantial loan obligations. To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Smart founders avoid financial pitfalls. Learn the top accounting mistakes startups make and how to fix them before they derail your business. The post Common Startup Accounting Mistakes (And How to Avoid Them) appeared first on Burkland.
Withum is proud to share that NJBIZ has recognized Pat Walsh , Managing Partner and CEO, and Jim Bourke , Partner and Managing Director of Advisory Services , as part of its 2025 Leaders in Finance honorees list. Their inclusion on this prestigious list highlights their dedication and expertise to financial leadership. Pat was recognized for his commitment to leading an inclusive and diverse workplace that supports Withums rich culture.
Accurate financial reporting is crucial for any small to medium-sized business (SMB) looking to grow sustainably. Without proper financial oversight, companies can face compliance risks, cash flow issues, and missed opportunities for strategic expansion. This is where a controller plays a vital role.
70
70
Signup to get articles personalized to your interests!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accurate financial reporting is crucial for any small to medium-sized business (SMB) looking to grow sustainably. Without proper financial oversight, companies can face compliance risks, cash flow issues, and missed opportunities for strategic expansion. This is where a controller plays a vital role.
In the last few months, to prevent fake firms from obtaining GST registrations, the process of granting GST registration has become far more complicated and time-consuming for genuine taxpayers as well. The CBIC has received complaints that GST officers are asking for additional documents that are not prescribed in the List of Documents appended to FORM GST REG-01.
Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes. In 2021, student athletes were granted licensing rights for the first time, allowing them to earn income on the use of their name, image, and likeness (or NIL).
When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model profitable. Even once your company has some traction, finding and maintaining the right partners helps you scale.
In this episode of Canopy Practice Success, host KC Brothers interviews Jeremy Wortman, an organizational psychologist with a unique background in consulting for the accounting profession. Jeremy discusses how his work initially took off during his dissertation years, where he created a workshop on ethical decision-making in business. The conversation shifts to the importance of emotional intelligence (EQ) in the workplace, emphasizing how it drives employee engagement and business growth.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
Today, running a successful professional services company requires more than just delivering high-quality services. You also need to ensure your financial processes are efficient, your invoices are accurate, and your cash flow is steady. Without proper accounting and financial management, even the most in-demand service businesses can struggle with profitability.
Founded in 2019, TCS Guernsey supports local businesses with outsourced bookkeeping and payroll services. Understanding that business owners didnt start their companies to manage paperwork and reconcile accounts, TCS Guernsey removes the stress of bookkeeping and takes on these time-consuming tasks, allowing their clients to focus on growing their business.
When you think of up-and-coming business opportunities, you likely dont think of student athletes. As a result of recent court cases, athletes have gained the ability to receive a financial profit anytime their name, image, and likeness (or NIL) is used. For college and even high school athletes, NIL deals are becoming more and more commonwhether thats for major brands like Nike and Under Armour, in the world of video games, or through their own social media following.
Intuit Enterprise Suite continues to evolve as a platform designed to help mid-market businesses streamline operations and achieve growth. With the latest updates now available, Intuit promises enhanced predictive forecasting, improved integrations, and tools to boost accuracy and productivity. However, as with any new features, it’s important to go beyond the marketing gloss and evaluate their real-world practicality.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
An enterprise resource planning (ERP) system can revolutionize your operations and boost data transparency, offering real-time insights that empower your organization to make smarter business decisions. With CFOs often leading an ERP implementation, its essential to embrace best practices and key considerations to maximize the project’s success.
Are you tired of juggling multiple platforms to keep your e-commerce and accounting systems in sync? Youre not alone. Many business owners face this challenge, but the solution lies in understanding how pre-configured e-commerce connectors and e-commerce automation tools can simplify your workflow. In this article, well explain how these connectors work, why they matter and what steps to take to get started.
Many industries are facing talent shortages with most open positions receiving two or three applications on average. According to the Bureau of Labor Statistics most recent Employment Situation Summary , Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in March. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024.
Youve worked hard to grow your business, and now you’re ready to invest in commercial real estate. The cash is in your corporation, so buying the building through your company seems like the simplest choice. But when it comes to real estate and entity structure, what seems simple today could turn into a costly mistake. The post Avoid Double Taxation: Dont Buy Real Estate in Your Corporation appeared first on LSL CPAs.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
As I sit to write this, its the eve of Tax Deadline Day (Ill be sure to put milk and cookies out for Uncle Sam before leaving the office). Hope you feel the relief of putting your 2024 taxes behind you. Now, you can devote your attention to this other important thing happening: the tariffs. The back-and-forth here is a lot to keep up with (feeling a little BOI reporting deja vu, or is that just me?).
New legislation proposed by Sen. Joni Ernst (R-IA), called the "Audit the IRS Act," is aimed at ensuring that IRS employees are up to date with their taxes.
As organizations increasingly rely on data-driven decision making, more chief financial officers (CFOs) are actively implementing enterprise resource planning (ERP) solutions. This shiftfacilitates smooth connectivity across various departments, boosts operational visibility, and strengthens financial reporting. Budgeting for an ERP implementation is key to the projects success and delivers measurable return of investment (ROI) for your organization.Lets walk through the essential steps to crea
Any suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. I heard the following on a TV and radio broadcast last week on a day the stock market dropped significantly, and the bond market increased. I did not take notes, so this is not an exact quote, but the sense of it is pretty much what was said. “What happened today highlights the reason why people should diversify a stock portfolio with longer-term bonds.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Profile Keith Jones, CPA, is a tax resolution expert with over two decades of experience serving clients in rural northwest Florida and beyond. Growing his customer base while addressing complex tax cases presented operational challenges, especially with increased client needs and inefficient workflows. Keith was looking for a solution to simplify his day-to-day workload while enhancing his ability to deliver quality services.
The widespread growth of GenAI-powered tools for audit firms has made it possible to scale quickly. For firms that have not yet committed to adapting, however, the performance gap with firms that have will soon start to reveal itself.
Highlights: Tax teams face data overload or inefficient manual processes A data management strategy is crucial to centralize, integrate, automate and analyze Only 26% have tax data systems; 80% underinvest in tax technology Good data management transforms tax into a strategic business partner More than perhaps any other business department, tax teams rely heavily on data.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
You may have heard the news the New York Attorney General Letitia James has been referred to the DOJ for possible prosecution for mortgage fraud. And you might be wondering who uncovered this fraud? None other than my friend, Sam E. Antar. He first started reporting on James back in December 2024, exposing how she [.
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.
Withum is proud to announce that Kirk Holderbaum , Partner and Chief Growth Officer, has been recognized by NJBIZ as a 2025 ICON. His leadership within the Firm and long-time client relationships have created a legacy of stewardship within the greater NJ business community. With over 30 years of experience in business advisory and public accounting, Kirk has been a driving force behind Withum’s growth and success.
Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content