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Startup Success – Highlights from the Past 6 Months of Our Podcast Series

BurklandAssociates

As our special 100th episode approaches in September, we look back at inspiring stories and insights from the first half of 2024. The post Startup Success – Highlights from the Past 6 Months of Our Podcast Series appeared first on Burkland.

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Practice Profile: A hand up for young accountants

Accounting Today

Huselton, Morgan and Maultsby's Student Leadership Program aims to steer more students into accounting — and prepare them for other decisions down the line.

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Female Entrepreneurs Are Starting Businesses at Record Rates, Gusto Says

CPA Practice

By Dina Segal, Fast Company (TNS) We’re in the midst of a post-pandemic small business revival: Americans have started more new businesses last year than ever since data collection started. Female entrepreneurs are a major driver of that growth. New data from my company, Gusto, shows that women started half of all new businesses in 2023. This is compared to a mere 29% in 2019.

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How to Complete a Market Analysis the Right Way

Patriot Software

When you start a business, do you just wing it? Or, do you take time to plan and research your strategies before you jump into the market? If you’re like most entrepreneurs, you probably prepare your business before taking the plunge.

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How to Avoid Getting Ghosted: 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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No Cost QuickBooks Bill Pay Elite Available for ProAdvisors

Insightful Accountant

Intuit is offering QuickBooks Bill Pay Elite to ProAdvisors and QBO-Accountant firms at no cost. We always want you to know when Intuit is offering a perk.

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Ask Darren Root Anything

Canopy Accounting

Darren Root will be sitting down with Canopy CEO Davis Bell to discuss the future of accounting and most of all, answering your questions. You can submit questions for Darren as part of the registration process for the webinar.

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IRS warns tax pros to beware of identity theft

Accounting Today

The Internal Revenue Service issued a warning to tax professionals to be on guard against the identity thieves who are targeting them and their clients.

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Activity-based Costing (ABC) System: Finding Where Your Money Goes

Patriot Software

Not sure what activities your overhead costs are going towards? With activity-based costing, product-focused businesses can get into the nitty-gritty details to better allocate expenses. That means you can more accurately analyze your spending—and price your products. Activity-based costing is a complex subject.

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BDO Is in Damage Control Mode

Going Concern

The other day, BDO USA released a press release entitled “BDO Strengthens Audit Quality Commitment with Addition of Second Independent Member on Audit Quality Advisory Council ,”the content of which strongly suggests that their next Public Company Accounting Oversight Board (PCAOB) inspection is going to be hot garbage. No, not suggests.

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What is CAS Accounting? What You Need To Know | Canopy

Canopy Accounting

CAS firms focus on advisory accounting services rather than a compliance-heavy service. But, what exactly is it? Learn more below! By now, you’ve probably heard of CAS, CAAS, advisory accounting, accounting and advisory services—or whatever you want to call it! This trend in the accounting industry transitions to a focus on advisory accounting services rather than a compliance-heavy service.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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What the Supreme Court Striking Down Chevron Means For the IRS

CPA Practice

By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) In a 114-page decision issued June 28, the U.S. Supreme Court overruled the Chevron doctrine, fundamentally altering the landscape of administrative law. The 6-3 ruling came in Loper Bright Enterprises v. Raimondo and a related case, Relentless Inc. v. Department of Commerce. As Kiplinger reported, Loper Bright involved a National Marine Fisheries Service regulation requiring commercial fisheries to pay about $700 daily for an ind

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New subscription plans are live in Australia: what this means for you

Xero

In May, we announced new subscription plans for Australian customers and partners as part of our efforts to simplify our plan offering. The new plan line-up bundles key features like Xero Expenses, Xero Projects and Xero Analytics Plus into some plans, making it easier to choose the right plan for your business or clients. These plans are now live to coincide with the start of the financial year.

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UK General Election: The tax implications of a new, Labour government?

Wellers Accounting

Chris Thompson speculates off the 2024 UK General Election result how the newly elected Labour government could raise taxes.

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Weekend Discussion: Let’s Talk Counteroffers

Going Concern

Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved her and they were eager to hire her immediately but in the end she declined their offer saying she talked it over with the firm she was with and decided to stay. Clearly her firm had sweetened the pot to entice her to stick around.

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How to Easily Navigate Crypto Accounting in the Web3 Era

Speaker: Aaron Jacob, VP of Accounting Solutions & Reagan Cook, GTM Lead

Are you struggling to navigate the complexities and challenges that come with crypto accounting? 🤔 This new webinar will cover everything businesses need to know to get started with crypto accounting after incorporating crypto into their business models! Industry experts Aaron Jacob and Reagan Cook of TaxBit will thoroughly explore the prevalent operational hurdles encountered by accounting teams when interacting with crypto on the books, and detail how software solutions can effectively

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IRS finalizes regs on stock repurchase tax

Accounting Today

The IRS and Treasury Department released final regulations on how companies and tax pros should report and pay the 1% excise tax on corporate stock repurchases.

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How to Use ChatGPT to Create Attention-Grabbing Marketing Content

CPA Practice

By Sandi Smith Leyva. One of my favorite ways to use ChatGPT is for suggesting titles for articles, blogs, and email subject lines. Of course, it can also write articles, blog posts, email event notices, client correspondence, and social media posts, to name a few. In this article, I’ll focus on its ability to write good titles and subject lines as well as end with a somewhat creative approach to generating blog posts.

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Overtime Pay Changes Seriously Affecting Your Mount Vernon Business

SkagitCountyTaxServices

The barcode is so commonplace you kind of forget that it was the cutting edge of retail technology once upon a time. Now, you probably only think about it when you scan it at the register (BEEP). But this year is, in fact, its 50th anniversary. But, as commonplace as the barcode is, it’s facing an upgrade, aka the QR code — the more sophisticated, more informative, and more interactive improvement on the everyday barcode.

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Avoid These Common Accounting Mistakes for Growing Businesses

AccountingDepartment

Growing a business can be an exhilarating experience, but it comes with its fair share of challenges. One crucial area that requires meticulous attention is accounting. Proper accounting practices are the backbone of financial stability and growth, yet many small to medium-sized businesses (SMBs) often overlook them.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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It’s the Dawn of a New Era at EY Today

Going Concern

On November 15, 2023, EY announced then-Regional Managing Partner, EY Americas Financial Services Organization (FSO) Janet Truncale would be taking the reins from departing EY Global Chair and CEO Carmine Di Sibio and the baton would be officially handed off July 1. As in today. It was a given that Carmine, an enthusiastic promoter of the Project Everest plan to split audit and consulting practices , would probably make an exit after the much-hyped plan was shelved last April.

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A different tax landscape at mid-year

Accounting Today

The end of Chevron deference, shifting IRS policies, and other major changes to the tax landscape.

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How Firms Can Maximize the Potential of a Multigenerational Workforce

CPA Practice

CPA firm leaders that view their multigenerational workforce as a source of competitive advantage have the right outlook. Sure, it can be challenging to create a cohesive and productive work environment when you have four or even five different generations working in your organization. But harnessing the strengths of each group, from the Silent Generation to Generation Z, can create significant upside for your business — and help position your firm for future success.

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How Accounting Can Impact Your Fundraising Strategies

GrowthForceBlog

6 min read July 5th, 2024 Beyond compliance and annual reporting, fundraising and accounting might not seem inextricably linked. Key Takeaways Maximize the Use of Restricted and Unrestricted Funds: The most valuable type of donation a nonprofit can receive is a contribution of unrestricted funds because this money can be used for any purpose, whether it be spent directly on the mission or on overhead expenses… Use Accounting Software and Organization-Wide Integrations: No nonprofit team has the

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Why Outsourcing Your Accounting Could Be the Best Investment Your SMB Makes

AccountingDepartment

Running a small to medium-sized business (SMB) is no small feat. Between juggling sales, operations, customer service, and marketing, it’s easy to see why accounting often falls to the bottom of the priority list.

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Here’s a Little Something For Anyone Who’s Missing the Sweet Sound of IRS Hold Music

Going Concern

I’m in the middle of a tedious admin project that involves digging back through our archive to update old posts I’ve long forgot about and one such forgotten post I stumbled across was this: Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Some Guy Made a Bangin’ Cover of the IRS Hold Music and You Need to Hear It Seeing that post reminded me that some months ago, we were informed of yet another — perhaps even superior — remix of IRS hold

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More companies seek assurance over ESG info from audit firms

Accounting Today

The majority of large public companies are now reporting environmental, social and governance information, while turning to auditing firms and other providers for assurance to vet the data.

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IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance

CPA Practice

The IRS on June 28 issued a reminder that marijuana remains a Schedule I controlled substance, meaning that cannabis businesses are still unable to claim normal business tax deductions. The Biden administration has signaled it will reschedule marijuana into a moderate-risk category of substances, which would open up tax breaks for pot businesses in states where the drug is legal.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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How to Boost Your Bottom Line With Forecasting

GrowthForceBlog

7 min read July 3rd, 2024 Most commonly associated with weather, forecasting is also an essential business tool; it can be used to predict whether your business will experience a dry spell or a windfall and help you develop an effective strategy and boost the bottom line of your business. Key Takeaways How Forecasting Can Boost Your Bottom Line: So, forecasting is just one of several bottom-line-improvement strategies.

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How Generative AI (GenAI) can empower corporate tax departments

ThomsonReuters

The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. Generative Artificial Intelligence ( GenAI ) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making.

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How to Post Journal Entries to the General Ledger

Patriot Software

As a business owner, you juggle a number of tasks, including accounting. You’re responsible for creating journal entries after every transaction. But that’s not all. You also need to know how to post journal entries to the general ledger. Learn how here.

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Tech News: Avalara announces 49 new integrations

Accounting Today

Plus, io.finnet launches virtual signer feature for enhanced digital asset operations; Caseware to hold webcast on AI audits; and other accounting tech news.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of