Wed.Jun 19, 2024

article thumbnail

What is a 13-Week Cash Flow Forecast?

Shay CPA

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.

article thumbnail

The 20 best states to be poor

Accounting Today

Residents with low income in these 20 states pay a smaller percentage of their income in tax.

Tax 136
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Readying for Hockey-Stick Growth, Patriot Software Unleashes New CEO

Patriot Software

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.

122
122
article thumbnail

Balancing crypto's volatility with fair value accounting principles

Accounting Today

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

article thumbnail

Forecasting Failures Are Costly: Here's How To Fix Them

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

article thumbnail

How Government Contractors Can Master the Art of Timekeeping

CPA Practice

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.

article thumbnail

Founder Files: Going deeper, not wider

Accounting Today

Patrick Camuso's firm, Camuso CPA, specializes in digital asset investors and Web3 companies.

CPA 120

More Trending

article thumbnail

We’re answering your questions about new invoicing

Xero

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.

article thumbnail

The IRS’ New Use of AI

Insightful Accountant

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.

article thumbnail

Private equity in M&A looking at revenues, but not just any revenues

Accounting Today

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.

99
article thumbnail

Mid-Year Business Goals Check-in For Skagit County Owners

SkagitCountyTaxServices

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?

article thumbnail

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

article thumbnail

Corpay Acquires Cross-Border Payments Company GPS Capital Markets

CPA Practice

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.

59
article thumbnail

As Prophesied, the IRS Is Struggling to Hire All Those New Agents

Going Concern

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.

article thumbnail

What you need to do now to prep for EOFY!

Reckon

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!

article thumbnail

The Partner Email Swap Marketing Tactic

Ryan Lazanis

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.

article thumbnail

Book of Secrets on the Month-End Close

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.

article thumbnail

June 2024 Summit VCFO Employee Spotlight: Jacob Bernsen

Summit CPA

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.

article thumbnail

How to Recruit the Best Junior Financial Staff

CPA Practice

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

article thumbnail

Why’s There a Talent Shortage and How Firms Can Do Their Part to Fix It

Going Concern

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

Gaming 59
article thumbnail

Biden budget proposal resurrects business tax rate debate

Accounting Today

This year's Greenbook proposals some greatest hits, including a higher corporate minimum tax.

article thumbnail

How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA