Mon.Nov 27, 2023

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Boost Your Financial Performance: Reports Your FP&A Team Needs

Acterys

In a rapidly changing business environment, companies turn to financial planning and analysis (‌FP&A) reports for a holistic understanding of business conditions and performance. For FP&A teams to be most effective, they need powerful, easy-to-use tools that help them quickly analyze data, create financial reports and distribute that information among stakeholders.

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Two Paths Forward: AI in Startup Finance

BurklandAssociates

Back office solutions and decision support solutions will both be natural beneficiaries of AI’s core promise. The post Two Paths Forward: AI in Startup Finance appeared first on Burkland.

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Congress has little time to make tax changes this year

Accounting Today

The demands from various constituencies for tax breaks are not likely to stop lawmakers from proposing or introducing new legislation, if only to position themselves ahead of next November's election.

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FASB Issues New Rules on Segment Reporting

CPA Practice

The Financial Accounting Standards Board (FASB) on Monday approved new rules that are expected to improve disclosures about a public company’s reportable segments and provide more information to investors about a segment’s expenses. The changes outlined in Accounting Standards Update (ASU) No. 2023-07 , Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , are the “most significant since 1997” when the board issued Statement 131 to improve the way public companies repor

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.

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A pipeline progress report

Accounting Today

Sue Coffey and Lexy Kessler share what's being done in the short term and the long term to address the profession's shortage of new accountants.

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H&CO Acquires Orlando CPA Firm Grennan Fender

CPA Practice

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. Terms of the deal were not disclosed. The leadership teams of H&CO and Grennan Fender will work closely to ensure a smooth transition for clients, the firms noted in a news release. Armando Hernandez “We are thrilled to welcome Grennan Fender into the H&CO family,” said Armando Hernandez, CEO and president of H&CO.

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Australian business news wrap for November!

Reckon

What’s been happening in Australian business news throughout November? With rate rises, holiday shopping and scam prevention on the radar, let’s take a look at some of the more pressing news. Even more rate rises cut a little deeper and cause Christmas trade concerns for small businesses The recent 25-point rate rise by the RBA, which brings the cash rate up to 4.35%, is pipped by several experts, to be anathema to Christmas trade for Australian businesses.

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Xero Partners with Avalara to Add Auto Sales Tax Calculations

CPA Practice

Xero , the makers of business management solutions, has added new auto sales tax capability, helping to provide reliable sales tax calculations, comprehensive reporting, and automated filing options for small business owners and their advisors. Developed in partnership with Avalara, a market leader in tax compliance automation, the embedded solution brings advanced sales tax workflows and management directly into the Xero platform, enabling advisors and business owners to automate sales tax calc

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Your Guide to Year-End 2023: Personal Use of a Company Car

ThomsonReuters

It’s a great perk when an employer provides a company car that a worker can also use during non-work hours. But the value of that perk is generally taxable. But how do you tax the value of a noncash fringe benefit? How do you calculate PUCC? There are four methods to calculate personal use of a company car (PUCC): General valuation method. Under this method, the value is the fair market value of the employer-provided vehicle, determined as the amount the employee would pay to a third-party

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Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System

CPA Practice

Corvee, a maker of tax planning technology for businesses and tax pros, has added Augusta Rule deduction filing guidelines into its Instead and Instead Pro tax planning systems. The Augusta Rule, known as Section 280A by the Internal Revenue Service, allows homeowners in any income bracket to rent out their homes for up to 14 days without the obligation to report the rental income as taxable on their tax return.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Cybersecurity in Healthcare: Threat Intelligence Report 

Withum

Download the Report Stay Ahead of the Cybercriminals We are amid a national crisis as healthcare data breaches and cyber threats continue to grow. One way to ensure that your defenses are one step ahead of your attacker is to utilize threat intelligence to build your defenses. We are amid a national crisis as healthcare data breaches and cyber threats continue to grow.

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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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Your Guide to Year-End 2023: Bonuses

ThomsonReuters

As the holidays approach, many employers plan on paying out bonuses, incentives, or other supplemental wages to employees that may have unexpected tax and compliance implications. Payroll Guide ¶ 4100 et seq. contains a detailed discussion on supplemental wage payments. Paying out bonuses Employers have several options when it comes to paying out bonuses.

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Unlocking the power of open banking: a simple and secure way to pay bills without leaving Xero

Xero

Paying bills is a crucial part of the cash flow equation, and yet it’s usually a very manual process for small business owners. Getting bills into Xero, processing the payment and reconciling each transaction can take time away from important tasks, like growing revenue and managing costs. There is also no standardised way for businesses in the UK to pay bills in bulk.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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The 20 best states to be a property owner

Accounting Today

The six states with the lowest real-estate taxes have an average rate of 0.48%.

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Seven Signs You Need a Better Fund Accounting System

GrowthForceBlog

7 min read Nonprofit leaders face plenty of challenges and adversity when it comes to accomplishing their missions, attracting and retaining donors, and executing their strategies. With so much difficulty facing nonprofit leaders, struggling to keep up with the bookkeeping and accounting tasks of the back office doesn't need to be added to the list of struggles.

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Consulting firms face the wildest headwinds in years

Accounting Today

PwC and EY are among the large firms collectively shedding thousands of staff.

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Understanding Tax Savings for UK Tech Firms

Menzies

Menzies LLP - A leading chartered accountancy firm. The guidelines governing capital allowances underwent a revision this April, following the termination of the super-deduction scheme. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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KPMG freezes pay and cuts bonuses amid UK slowdown

Accounting Today

Due to soft market demand, raises will be prioritized for staff who have been promoted, and workers eligible for a bonus will receive one that's lower than in previous years.

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Xero Summer Series: Ignite your potential in 2024

Xero

Accountants and bookkeepers, join us for Xero Summer Series Get ready to soak up the summer vibes at the Xero Summer Series – a new event that promises to set the stage for success in 2024. We’ll be turning up the heat in February and early March with a sizzling blend of keynote speakers and networking, set against the sun-kissed landscapes of our vibrant cities – Perth, Adelaide, Melbourne, Brisbane and Sydney.

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FASB offers segment reporting guidance

Accounting Today

A new final accounting standards update from FASB aims to improve public companies' disclosures about their reportable segments and expenses.

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Mixed reviews on the Autumn Statement from the Transport & Logistics sector

Menzies

Menzies LLP - A leading chartered accountancy firm. It was a mixed Autumn Statement from the Chancellor, which was clearly geared towards capital intensive industries and attracting investment into the UK whilst including some welcome measures which could benefit the Transport & Logistics sector. Here’s what was announced: Full expensing to be made permanent ‘Full expensing’, which came into effect from 1 April 2023 and which replaced the super-deduction has now become a permanent measure an

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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Art of Accounting: Start now to ease next tax season

Accounting Today

Tax season is around the corner. Starting now with a few easy steps can relieve much of the pressure later.

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2023 Year-End Tax Planning Strategies for Technology Companies

Cherry Bekaert

Relatively new rules around research and experimentation costs have had a notable impact on early and growth stage technology companies, sending many into a newly taxable income position. Join two of Cherry Bekaert’s Technology Tax Partners to learn more about what companies in this position should do to mitigate the impact of those rule changes as well as plan strategically for 2024.

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Taxability of Personal Guarantee and Corporate Guarantee under GST| Clarified by CBIC

VJM Global

Providing guarantee is a very common part of business finance wherein one person provides guarantee to the bank or financier on behalf of the other person for securing loan or credit facility. In some cases, commission is paid as a consideration for providing guarantee. CBIC has received various representations with respect to applicability of GST on personal guarantee provided by Director to the bank for granting credit facility to the company or corporate guarantee provided by the company on b

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Grey Sky Films Wins First Place at NJ Ad Club Awards for Withum Recruitment Video

Withum

Withum is proud to share that Grey Sky Films , the video production company for Withum’s commercials, has won first place at the NJ Ad Club Jersey Awards for the firm recruitment video. Watch Video At the 55th Annual Jersey Awards in September, NJ Ad Club awarded Grey Sky Films with the first place honor in the Television: Streaming Service or Online Commercial category. “Join Our Withum Team” was filmed on-location at the firm’s East Brunswick office.

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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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How to Update the Deposit to Account in Mass with Spreadsheet Sync

Insightful Accountant

Hello, everyone! As we all travel back to our desks after eating all the turkey, we still have year-end to do and sometimes that comes with some clean up tasks. Join Liz as she guides you through the process of using Spreadsheet Sync in QBO.

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Modern Solutions for a Modern Workplace at Microsoft Ignite 2023

Cherry Bekaert

Cherry Bekaert was recently a sponsor at Microsoft Ignite 2023. Ignite is an annual Microsoft event for developers and IT professionals – including CIOs, CTOs, product management and the myriad of other roles working with Microsoft technologies. This year’s event occurred at the stunning new Summit building at the Seattle Convention Center – the first Microsoft event held there.

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Engagement Letters: The Do’s and Don'ts

Canopy Accounting

Engagement letters establish clear expectations and boundaries between clients and accountants. In this post, we will explore the do's and don'ts of crafting effective engagement letters, ensuring you have the necessary skills to navigate this important aspect of your client relationships. Understanding the best practices surrounding engagement letters is essential for accountants to maintain transparency and minimize potential issues for their firm.

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Breaking News: Exciting Updates to QuickBooks Ecosystem Unveiled at QuickBooks Connect 2023!

Insightful Accountant

In this video report, we'll focus on a game-changing addition to QuickBooks Online Accountant - the all-new QuickBooks Ledger functionality.

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It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.