Wed.Feb 07, 2024

article thumbnail

How Client and Tax Preparer Collaborations Can Create a More Valuable Tax Preparation Experience

Withum

Tax season is upon us. Here are some things preparers and clients can do to make the experience more valuable for themselves. Ways to Make Tax Season Better for Clients Avoid spelling errors in client’s or children’s names, addresses, or any information that needs to be provided on the return. Make instructions easy to follow and get rid of unnecessary or indecipherable instructions.

article thumbnail

How to Measure Your SaaS Startup’s Net Revenue Retention (NRR)

BurklandAssociates

Net Revenue Retention (NRR), also known as Net Dollar Retention (NDR) is a key metric for SaaS companies. Measuring NRR provides important insights into a SaaS startup’s retention and expansion Read More The post How to Measure Your SaaS Startup’s Net Revenue Retention (NRR) appeared first on Burkland.

273
273
Insiders

Sign Up for our Newsletter

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

article thumbnail

15 states with personal income tax rate changes in 2024

Accounting Today

Taxpayers will benefit from a reduced top marginal rate in 13 states, but in two states the rate has increased.

article thumbnail

Exploring New Features of Power BI for Planning and Forecasting

Acterys

Successful planning, budgeting, and forecasting requires having the right strategy and tools to process and analyze vast amounts of data. That’s why Microsoft is constantly updating and expanding features of Power BI. Learn about recent platform updates that help financial professionals uncover insights quickly and efficiently. Plus, find out how to maximize your planning, budgeting, and forecasting processes with a unified approach to data and analytics.

Sales 130
article thumbnail

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

article thumbnail

Accountants want to see different kinds of diversity in workplace

Accounting Today

A new survey from the ACCA looks at trends in DEI, AI, employee retention, hybrid work and mental health for accountants.

Account 130
article thumbnail

Exploring New Features of Power BI for Planning and Forecasting

Acterys

Successful planning, budgeting, and forecasting requires having the right strategy and tools to process and analyze vast amounts of data. That’s why Microsoft is constantly updating and expanding features of Power BI. Learn about recent platform updates that help financial professionals uncover insights quickly and efficiently. Plus, find out how to maximize your planning, budgeting, and forecasting processes with a unified approach to data and analytics.

Sales 130

More Trending

article thumbnail

How Did Your 1099 Season Go? New E-Filing Rules Challenged Some in 2024

CPA Practice

Every year, millions of businesses and other entities have a mini tax season before the real tax season, and many turn to their accounting firm advisors or tax professionals for help. Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so. These companies are required to file a Form 1099-MISC or 1099-NEC for any persons that are considered contractors or vendors to whom they paid $600 or more in the previous calendar year.

article thumbnail

Cloud access raising tech costs for firms

Accounting Today

Costs to access and connect with certain cloud-based solutions have been increasing, leading to higher technology costs for accounting firms.

article thumbnail

Just Eliminate the Extra 30 For CPA Licensure Requirement!

Going Concern

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Thank goodness for the Connecticut Society of CPAs! Without their posting , it would have taken me longer to learn about the latest half-baked idea by NASBA regarding the education requirements to become a CPA. It seems NASBA wants to keep this under wraps.

CPA 120
article thumbnail

Meet 2023 Top 25 Up-N-Coming ProAdvisor Kassandra Degus

Insightful Accountant

We sat down with Kassandra to get her thoughts on being a Top 25 Up-N-Coming ProAdvisor, her journey, path to success, and how she’s a support system for her clients.

111
111
article thumbnail

Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

article thumbnail

LLC vs. S Corp: Which Offers Better Tax Savings?

Cherry Bekaert

Understanding business entities and tax structures can save you a tremendous amount of time, money and potential headaches down the road. Limited liability companies (LLCs) and S corporations (S corps) are often talked about in conjunction with possible types of business entities, but it is not a simple choice between one or the other. Unlike a C corporation, which taxes shareholders separately from the entity, both LLCs and S corps are generally subject to only one layer of taxation at the owne

article thumbnail

Acumatica Making Biggest Modernization in Company History

Insightful Accountant

During Acumatica's 2024 Summit, Mikhail (Mike) Shchelkonogov, the company's Chief Technical Officer told those attending that they were in the process of making the biggest technological modernization in Acumatica history.

article thumbnail

CNA to provide CPA firms with BOI coverage

Accounting Today

The AICPA's professional liability insurer will cover client services related to the Corporate Transparency Act's beneficial ownership information reporting requirement.

cpa firm 101
article thumbnail

Smart Firms are Preparing for New 1099 Reporting Rule Deluge  

CPA Practice

Each new year can bring resolutions of change and reflections on past experiences, even for businesses. It’s also when millions of taxpayers and tax professionals get ready to start the annual tax reporting season. While that evokes thoughts of April deadlines and 1040 forms for most Americans, there’s a mini-tax season that comes first: The January 31, 2024, deadline for employers to send 1099 forms to contractors (or others defined as non-employees), and also report that information to the IRS

Tax 97
article thumbnail

Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

article thumbnail

Outsourced Client Accounting Services in an E-Commerce World

AccountingDepartment

In the past few years, there has been a significant surge in the growth of e-commerce businesses. With the emergence of new companies and the adaptation of brick-and-mortar stores to online platforms, the demand for online purchasing is being met through various online sales channels.

article thumbnail

IRS spotlights IRS Employer-Provided Childcare Tax Credit

Accounting Today

The Internal Revenue Service has posted a new page on IRS.gov explaining the Employer-Provided Childcare Tax Credit to provide more information about the tax break.

Tax 80
article thumbnail

Layoff Watch ’24: Deloitte UK Is Cutting Some More Jobs

Going Concern

If you thought the economy was making a slow and painful U-turn back to better days sorry to say but you were wrong. The good news is this next round of cuts at Deloitte UK will be much smaller than the last round of 800. Reports FT : Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services.

Finance 69
article thumbnail

CPA Firms Kruggel Lawton and Cole Gavlas to Join Forces

CPA Practice

Top 300 accounting firm Kruggel Lawton CPAs said on Feb. 6 that it’s combining with Cole Gavlas, a Portage, MI-based firm that provides a wide range of accounting services to their clients, including tax, business advisory, financial management, and other advisory offerings. Financial terms of the deal, which will become official on June 1, weren’t disclosed.

article thumbnail

Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

First look at Accountex London 2024 as free registration opens

Accounting Insight

Accountex London returns to ExCeL on 15-16 May 2024. Over ten thousand accountants and finance professionals from across the UK are expected. The 2023 show was hailed as a huge success and celebrated as the largest show in Accountex history. 295 software and service suppliers will be exhibiting, alongside an extensive CPD accredited education programme, to help visitors stay up to date with the evolving landscape of the profession.

article thumbnail

AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions

CPA Practice

The American Institute of CPAs has submitted a letter to the Financial Crimes Enforcement Network and Internal Revenue Service (IRS) providing recommendations for the Report of Foreign Bank and Financial Accounts to taxpayers impacted by major disasters. AICPA’s recommendations suggest FinCEN automatically match the filing deadline relief for FBARs that the IRS gives to taxpayers in disaster areas.

article thumbnail

The Mother of All Breaches, and other tech stories you may have missed

Accounting Today

Plus the possibility of an AI voice feature for Google, five cybersecurity trends you can't miss, and other developments in tech from the last month.

article thumbnail

Accounting Firms that Embrace Cloud Tech See Higher Growth, Says Survey

CPA Practice

Accounting firms employing cloud-based technology solutions experience higher levels of growth, but many are still grappling with how to harness the full power of such tools for strategic benefit. This is according to the 2024 U.S. Accounting Industry Report, commissioned by Wolters Kluwer, which polled 1,776 tax and accounting firms of all sizes, also shows that modern accounting practices face a mix of internal and client facing challenges.

article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

article thumbnail

Spreadsheets remain dominant despite reservations

Accounting Today

A recent survey of mostly smaller practitioners has found that spreadsheets remain the No. 1 way they manage their workflows.

article thumbnail

Becoming a “FinFluencer”

Insightful Accountant

Social media has given rise to a new breed of financial gurus known as "finfluencers.” These are individuals who have built large followings by making finance relatable and fun through entertaining videos, posts, and more.

article thumbnail

IRS Launches Hub for Employer-Provided Childcare Tax Credit

CPA Practice

The IRS on Wednesday announced the launch of a new webpage that gives information on the Employer-Provided Childcare Tax Credit, an incentive for businesses to provide childcare services to their employees. “This business tax credit helps employers provide their employees with child-care services and facilities,” IRS Commissioner Danny Werfel said in a statement.

Tax 59
article thumbnail

GASB 96: Lessons Learned for Local Government Organizations

LSLCPAs

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No. 96 (GASB 96) Subscriptions, issued by the. The post GASB 96: Lessons Learned for Local Government Organizations appeared first on LSL CPAs.

article thumbnail

AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

article thumbnail

Join Me TODAY for a Tech Spotlight on Increasing Your Practice Profits Advising Multi-entity Clients

Insightful Accountant

Murph says, "if you have multi-entity clients using QuickBooks Desktop or Online, you need to take an hour out of your busy schedule to attend this 'free' webinar.

article thumbnail

Business news wrap for January!

Reckon

What’s been cranking in the world of business in the early stages of 2024? We rounded up the top business news for the month of January. Let’s dive in… Revised Stage 3 tax cuts to benefit the overwhelming majority of Australians. Almost every Australian will be receiving a tax break in the upcoming stage three tax cuts. In fact, on average Australians will see an $804 benefit.

article thumbnail

Delegation 101

Ryan Lazanis

One of the struggles for most firm owners is the effective delegation of tasks. Learn how to delegate and experience more workload reduction. The post Delegation 101 appeared first on Future Firm.

Account 52
article thumbnail

Retired IRS Agent Gets Month in Jail for Causing Fatal Crash in Ohio

CPA Practice

By Cory Shaffer, cleveland.com (TNS) A retired IRS agent who was speeding in his Bentley and caused a crash that left a 22-year-old woman dead last year is headed to jail. Cuyahoga County (Ohio) Common Pleas Court Judge David Matia on Tuesday sentenced James Farley, 59, to spend 30 days in the county jail for the collision that killed Samantha Nelson.

Ohio 52
article thumbnail

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.