TaxConnex
APRIL 17, 2025
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.
AccountingDepartment
APRIL 15, 2025
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.
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Withum
APRIL 14, 2025
When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Each type of entityLLC (Limited Liability Company), S Corporation, and C Corporationcomes with its own advantages and disadvantages. Limited Liability Company (LLC) An LLC is a hybrid structure that combines the simplicity of a sole proprietorship or partnership with the liability protection of a corporation.
Basis 365
APRIL 15, 2025
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.
Advertiser: Paycor
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Patriot Software
APRIL 17, 2025
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?
BurklandAssociates
APRIL 15, 2025
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.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
APRIL 16, 2025
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.
Shay CPA
APRIL 16, 2025
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.
Canopy Accounting
APRIL 16, 2025
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.
Accounting Insight
APRIL 16, 2025
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.
Speaker: Frank Taliano
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.
SchoolofBookkeeping
APRIL 19, 2025
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.
Withum
APRIL 14, 2025
Are you struggling to maintain accuracy and timeliness in your monthly or quarterly financials? These six strategic questions can help you create a framework for achieving precision and timeliness in your financial reporting. Have you established a detailed checklist that specifies all closing activities, assigns responsible individuals, sets clear deadlines, and is shared with everyone involved in the closing process?
Basis 365
APRIL 14, 2025
The business landscape has evolved significantly in the wake of the pandemic. Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. Remote work, digital collaboration, and cloud-based technology became essential tools for survival. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting.
ThomsonReuters
APRIL 17, 2025
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.
Speaker: Claire Grosjean
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.
Anders CPA
APRIL 17, 2025
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.
LSLCPAs
APRIL 16, 2025
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.
Withum
APRIL 15, 2025
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.
SkagitCountyTaxServices
APRIL 17, 2025
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?).
Speaker: David Worrell, CFO, Author & Speaker
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.
ThomsonReuters
APRIL 14, 2025
Highlights: Foreign Trade Zones (FTZs) help companies reduce the impact of tariffs by deferring or avoiding customs duties, taxes, and tariffs, ultimately improving cash flow. Effective FTZ management requires careful tracking and reporting of goods within the zone Setting up an FTZ and implementing a suitable inventory control system takes time, so companies should start the process now to be prepared for increasing tariffs.
CPA Practice
APRIL 15, 2025
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.
Canopy Accounting
APRIL 14, 2025
Creating a proposal for a potential new client sets the tone for the professionalism they expect from your firm moving forward. Even the most prolific accountants struggle with creating quality proposals, whether the challenge is inconsistent formatting, manual errors, or other issues that could potentially undermine the firms credibility.
Withum
APRIL 16, 2025
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.
Speaker: Dave Sackett
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.
FraudFiles
APRIL 14, 2025
Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets. I typically recommend reviewing three to five years [.
ThomsonReuters
APRIL 16, 2025
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
CPA Practice
APRIL 14, 2025
As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov. 3 to file various individual and business tax returns and make tax payments.
Accounting Today
APRIL 16, 2025
A court upheld the Internal Revenue Service's forced sale of a co-owned dental practice for one owner's tax debt.
Speaker: Erroll Amacker
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
Canopy Accounting
APRIL 16, 2025
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.
Accounting Insight
APRIL 14, 2025
A roadmap for a digital transition of the finance function that results in an agile finance department Imagine this everyday scenario: your finance team spends hours manually processing invoices, chasing approvals and fixing errors. The net results are late payments, compliance risks and frustrated suppliers. These outdated financial processes are costing your business valuable time and money.
ThomsonReuters
APRIL 14, 2025
Blog home Imagine a world where mastering taxes becomes your company’s secret weapon for boosting total revenue. As businesses aim for greater efficiency and accuracy, artificial intelligence (AI) is a game-changer in handling exemption certificates. Thomson Reuters and CERTifyTax are leading this change by providing an automated solution that simplifies exemption certificate management (ECM), elevates the entire tax function, and positively impacts the bottom line.
CPA Practice
APRIL 15, 2025
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.
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