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The way you price your accounting services shouldn’t be arbitrary. The correct accounting pricing strategy can effectively mean the difference between scraping by and robust growth.
Well, it’s Groundhog Day. again. – Phil Connors, Groundhog Day In 1993, a Bill Murray movie quietly appeared about a Pennsylvania TV weatherman who relives the same day (February 2) over and over in the town of Punxsutawney. He’s been sent there, much against his wishes, to cover Phil the famous groundhog whose shadow, year after year, forecasts the end of winter.
Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.
American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
The House of Representatives passed Rep. Jason Smith’s sponsored bill H.R. 7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures
Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.
Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.
For technology companies, “efficiency” isn’t just another buzzword. It’s a strategic imperative, and the pursuit of efficiency has emerged as a critical factor in driving sustainable growth. Our “Year of Efficiency” podcast series recently featured four key areas in which technology company CEOs and CFOs should focus on in the continual quest for improved business processes and substantial growth.
Under the so-called “Augusta rule,” homeowners can avoid any tax consequences for certain short-term rentals. However, in a new case, Sinopoli, TC Memo 2023-105, 8/14/23, the shareholders of an S corporation got greedy when they claimed six-figure deductions for rent paid to hold business meetings at their homes. Let’s start with this basic tax premise.
12,000 people at KPMG UK may have had their pay frozen and bonuses cut late last year but partners are doing OK according to this recent report from FT. First of all, LOL: The story : Payouts for UK partners at KPMG climbed 4 per cent to an average of £746,000 (approx. $949k USD) last year despite a surge in fines for audit failures and a slowdown in growth at the Big Four firm.
The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund. “ When will I get my tax refund? ” is one of the most common questions for many taxpayers.
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Want some help with school? You’re in the right place. Everyone here is a walking billboard for why you should stay in school really, let that be some motivation. Fresh press release for you straight from the source: Aiming to aid accounting students and increase the pipeline of future certified public accountants (CPAs), the Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, are now accepting scholarship applications.
Intuit QuickBooks has released the results from its Black History Month survey revealing the top challenge facing Black small business owners is 'inflation.
We sat down with Emma to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.
Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
For estate planning and taxation, IRS Form 1041, U.S. Income Tax Return for Estates and Trusts , documents the income an estate earns after the estate owner passes away. It’s also used to track income before any beneficiaries receive designated assets. In other words, Form 1041 is used to report the income, deductions, gains, and losses of an estate or trust.
We sat down with Jennie to get her thoughts on being the 2023 International ProAdvisor: Non-Americas Award Winner, her journey, her path to success and helping her clients understand the numbers behind their business.
It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.
The crescendo of the entire football season is coming up in two weeks, aka the Super Bowl (Sunday, February 11). It’s probably one of the most watched events in America. This year will be no exception… and not just because Taylor Swift will be there cheering on her man. It’ll be a 2020-rematch, and the Chiefs will be on the hunt to win back-to-back Super Bowls (something only 8 teams in NFL history have accomplished).
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
It’s almost four years since COVID first appeared, and AP teams are still pressured to get more done despite fewer resources and persistent challenges. The pandemic dramatically exposed the inefficiencies of manual, paper-based processes and the difficulties of managing remote team members, invoice approvers, and payment authorizers. Yet, it also underscored the critical role that AP plays in enabling prompt vendor payments and strengthening relationships to keep goods and services flowing durin
CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. That hasn’t changed. However, exactly “what” types of advisory a firm should offer has always been a question. The findings from the new Entrepreneurship in 2024 Report , conducted by Intuit QuickBooks in December 2023, solves for that, providing you a roadmap to help your clients.
By Nikki Buckelew, Ph.D. A Chicago-area real estate agent, Betsy Phillips, has built up her practice by focusing on the needs of transitioning seniors, www.seniorrealestateexperts.com. She recounts an experience with a client who was not ready to move – but had no choice. “He was not a happy camper,” she recalls. “In fact, he was something of a grouch.
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
Last year is a closed book for most transactions that will be reported on your 2023 tax return. However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider. Publicly Traded Partnerships Consider not investing in publicly traded partnerships (“PTP”) unless you invest amounts meaningful to your total financial assets.
In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. It's not just about crunching numbers – it's about crafting a strategic architecture that empowers informed decisions, optimizes operations, and navigates the complexities of compliance. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial
AICPA & CIMA has received the Brandon Hall Group Gold award for Excellence in Technology. The award was in the Best Advance of Learning Management for External Training category. The 2023 Brandon Hall Group Excellence in Awards are presented annually for work in the categories of Learning and Development, Talent Management, Talent Acquisition, Human Resources, Sales Enablement, Future of Work, and Education Technology.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Menzies LLP - A leading chartered accountancy firm. Figures released this week by The Insolvency Service have indicated that 2023 had the highest annual number of corporate insolvencies since 1993. Although creditors’ voluntary liquidations were still the most frequently used process, all processes monitored by the Insolvency Service experienced an increase during the year. 2023 Insolvency Statistics in a nutshell The number of overall insolvencies recorded reached a 30-year high.
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