Shay CPA
JUNE 19, 2024
When you’re getting into financial forecasting, you want to find the balance. Long-term forecasting is key, but if you only focus on the future, you risk burning through your runway too quickly and never making it there. Managing your weekly cash flow matters, too, but you need to zoom out to power your strategy. When money’s tight, striking that balance gets extra critical.
Accounting Today
JUNE 19, 2024
The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.
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CPA Practice
JUNE 19, 2024
By Jim Wesloh U.S. government contracts account for over $700 billion annually , a significant portion of which hinges on the ability for contractors to “establish and maintain an acceptable accounting system” which includes “timekeeping” and “labor distribution.” Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.
Patriot Software
JUNE 19, 2024
Canton, OH Patriot Software’s founder and former CEO, Mike Kappel has introduced that Kyle Dreger is the new CEO of Patriot Software, effective immediately.
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Historical bookkeeping clean-up is like an archaeological dig for financial documents. It is a vigorous, systematic process that ensures thorough scrutiny of every document. From verifying inconsistencies to reconciling payments, each layer of exhaustive evaluation brings greater clarity into your company's financial past. In this article, we will walk through all that historical bookkeeping clean-up entails.
CPA Practice
JUNE 19, 2024
Competition for top talent is tough across all sectors. This is particularly true in finance, given the number of opportunities for recent graduates, spanning fintech, wealth management, accounting and financial analysis. Here’s a snapshot of 2024 finance graduates and some strategies on how to attract the best talent. Finance graduate job market trends Even though traditional careers in finance like analysts and advisors are always in high demand, the graduate job market in this profession is u
Insightful Accountant
JUNE 19, 2024
The IRS is turning to AI to help select tax returns for audits, aiming to narrow the tax gap. A recent GAO report emphasizes the need for consistent and transparent use of this technology.
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Insightful Accountant
JUNE 19, 2024
The final day of Scaling New Heights has always brought with it the announcement of the following year's event, and this year was no different.
Accounting Today
JUNE 19, 2024
A panelist during the Scaling New Heights conference in Orlando said that private equity firms are looking for firms with good revenue, but numbers alone don't tell the whole story.
CPA Practice
JUNE 19, 2024
By Rocio Fabbro, Quartz (TNS) Most Americans have at least some debt, but it starts to become a problem when the amount of money they owe outgrows their income. The so-called debt-to-income ratio compares how much someone owes each month to how much they earn. So far this year, the average debt has inched up to $22,713 from $21,800, according to recent survey data from Northwestern Mutual.
Accounting Today
JUNE 19, 2024
Patrick Camuso's firm, Camuso CPA, specializes in digital asset investors and Web3 companies.
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By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
SkagitCountyTaxServices
JUNE 19, 2024
The IRS is in a crackdown year. Checking and rejecting ERC claims, getting what’s owed from millionaires that weren’t paying their part, and now locking down tax strategies that were being exploited by those with complex partnerships. If any of these apply to you, then we should definitely sit down and talk about how to keep you on the right side of things, especially if the IRS is coming after you… app.acuityscheduling.com/schedule.php?
CPA Practice
JUNE 19, 2024
Corpay, Inc. , a global corporate payments company, has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the U.S. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions.
Reckon
JUNE 19, 2024
Hear that? It’s the end of financial year screaming down the road in your general direction. It’s coming for you and it’s coming quick. What you shouldn’t be doing at this juncture is taking your sweet time and listlessly awaiting its imminent arrival. Get ready now and brace yourself. Insulate yourself from last minute stress by shaking a tail feather now, then you can chill come 1 July!
Ryan Lazanis
JUNE 19, 2024
Effective marketing doesn't always have to be complex. Discover a simple yet effective strategy overlooked by most firms. The post The Partner Email Swap Marketing Tactic appeared first on Future Firm.
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Accounting firms must embrace digital transformation to stay competitive. From improving efficiency and client experience to ensuring data security, digital tools offer the edge needed in a digital-first world. Discover how Fincent can streamline your transition. The accounting industry faces a digital revolution. As technology reshapes business, firms must adapt or risk obsolescence.
Summit CPA
JUNE 19, 2024
As a hybrid firm , not only do we serve our clients remotely, but our team members are often distributed as well. We understand the accounting, bookkeeping, cash flow management, and tax nuances of running a distributed company. We pride ourselves on our ability to provide the highest quality Virtual CFO services while being hybrid, and we couldn't do any of it without our amazing team.
Going Concern
JUNE 19, 2024
Guess what? Those 87,000 armed goons new agents the IRS was authorized to hire thanks to the Inflation Reduction Act? They can’t find them. (Side note: apparently the “87,000 agents” thing was an initial Treasury estimate and IRS Commissioner Danny Werfel is annoyed people continue to repeat it as fact so we’ll cease doing so immediately except when referring back to past articles) Hate to say we told you so but…scratch that, we do enjoy saying that.
Xero
JUNE 19, 2024
Earlier this year we communicated that we’ll be retiring the older version of our invoicing product – classic invoicing – on 2 September 2024. You may have questions about this change, so we thought we’d answer a few of the most common ones people have been asking. Does new invoicing support repeating invoices? Yes, new invoicing supports repeating invoices.
Going Concern
JUNE 19, 2024
Buckle up because we’re about to dive headfirst into the fiery pit of despair known as the accounting talent crunch. And who better to guide us through this treacherous terrain than Jeff Phillips, CEO of Padgett and Co-Founder of Accountingfly. Jeff recently spilled the beans (not an accounting joke) on how to survive – and yes, thrive – in the cutthroat world of talent acquisition in this must-hear episode of Accounting Talent Podcast with Rob Brown: Reasons for the Acute Talent Shortage
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Uncover the latest trends in expense management for small and medium-sized businesses. Our 5th Annual Trends Survey reveals that corporate card use is skyrocketing, but expense software isn't keeping up. This mismatch is creating real challenges for finance teams, who now take an average of 14 days to close their books. Travel policies are shifting to accommodate hybrid work, but many companies are struggling with off-tool bookings.
Accounting Today
JUNE 19, 2024
This year's Greenbook proposals some greatest hits, including a higher corporate minimum tax.
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