TaxConnex

OCTOBER 19, 2022

Sales tax, unlike other types of taxes, has many deadlines, not once or twice a year, but often every month and it doesn’t fall on the same day for every business, or state. With sales and use tax compliance, there are six primary deadlines each month – 7 th , 10 th , 15 th , 20 th , 25 th and 30 th – without considering the odd due dates for certain states – 12 th , 23 rd , 24 th , etc.

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Sales Tax New Jersey Louisiana 246

Canopy Accounting

OCTOBER 19, 2022

Document management is a core element of every accounting project, but it can quickly become a headache if you don’t have a good system in place. Here are a few key things to keep in mind as you create your document management strategy.

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accounted Account accountant 98

Accounting Today

OCTOBER 12, 2022

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accounted Account accountant 128

Simple Accounts

OCTOBER 19, 2022

Cash flow and Trial balance are two different yet connected terms that are familiar to everyone involved in the business. Discussions have been going around for a very long time to decide which is better or which one to trust. Take another look at both before moving on to conclusions based on the knowledge you already have. . Cash Flow . The simplest definition of cash flow is the movement of money into and out of business.

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general ledger financial statements accounting and finance Finance 98

Advertiser: Paycor

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!

payroll

Going Concern

OCTOBER 31, 2022

Accounting Today reported on Friday: The estimated gross U.S. tax gap increased to $496 billion annually for tax years 2014 through 2016, a rise of over $58 billion from the prior estimate — and the Internal Revenue Service estimates the gross tax gap will rise to $540 billion for 2017-2019. “The increase in the tax gap estimates reflects that the IRS needs to do more, both in improving taxpayer service as well as working to improve tax compliance,” said outgoing IRS Commissioner Chu

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Tax Account accounted accountant 98

Accountant Advocate Submitted Articles

OCTOBER 12, 2022

A Professional Community of Member-Scholars, Companies and Trusted Advisors committed to the education and development of Chief Financial Officers.

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Education 130

Withum

OCTOBER 19, 2022

On October 19, 2022, the IRS issued a press release ( IR-2022-183 ) warning taxpayers to be wary of third parties who advise them to claim an employee retention credit (ERC) when they do not qualify. According to the IRS, these third parties “often charge large upfront fees or a fee that is contingent on the amount of the refund.” The IRS is also concerned that these third parties “may not inform taxpayers that wage deductions claimed on the business’ federal income tax return must be reduced by

income tax 132

income tax audit tax return Tax 132

Patriot Software

OCTOBER 10, 2022

Connecticut joined the paid family leave states when employers began handling Connecticut paid family leave contributions in 2021. Time has flown by and it’s now 2022. What does that mean? Employees in Connecticut can now apply for benefits from the state’s paid family leave program. Read on to learn about the new Connecticut paid family […] READ MORE.

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Connecticut payroll 116

Intuitive Accountant

OCTOBER 5, 2022

Murph is off to Orlando for 'Sage Transform' — the conference for Sage Intacct users and partners. To get you ready, he thought he'd provide a preview of what he plans on covering.

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Going Concern

OCTOBER 10, 2022

Someone on r/accounting posted this over the weekend and I thought it worth sharing because it reminds everyone of two very important facts when it comes to recruiting: 1) never bank on a verbal offer and 2) don’t work for Grant Thornton. Oops wait, I meant 2) if firms recruiting on campus engage in any kind of screwy behavior you should report it to your school’s accounting chair/director/benevolent overlord.

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accounted Account accountant public accounting 122

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.

Account

Canopy Accounting

OCTOBER 31, 2022

Starting a new business is a pretty exciting time for any new business owner. The idea that they are beginning something great empowers them to work their hardest and do their very best to have a successful business. These first few moments as a new business owner are exciting times, however, they may cause the business owner to underestimate the importance of having good accounting practices in place from the very start.

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accounted Account accountant 105

ThomsonReuters

OCTOBER 20, 2022

QUESTION: When participants request hardship distributions under our 401(k) plan, we collect and store documents showing that the participant had one of the immediate and heavy financial needs that are deemed sufficient to permit a hardship distribution. Could we instead allow participants to certify their needs electronically? We already use self-certification to establish that the requested distribution is necessary to satisfy the need.

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audit Tax Account accounted 105

Withum

OCTOBER 5, 2022

Cybersecurity Awareness: A Business Imperative. The landscape within cybersecurity has moved, and it is not just regulated industries that really need to be concerned about cybersecurity. Cybersecurity is a business imperative for all. It is a business decision to implement the best security practices to keep you, your business and employees safe. Three Cybersecurity Gaps.

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Account accounted accountant 131

Patriot Software

OCTOBER 17, 2022

When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE.

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Tax payroll 108

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.

Account

CTP

OCTOBER 5, 2022

When it comes to creating a peaceful and profitable tax practice, there is ONE recipe for success that you can ALWAYS count on: automation! Here’s the cold, hard truth: Client experience is what makes or breaks a tax practice. Without a thoughtful and efficient system in place, your clients may end up feeling confused, overwhelmed , and ready to move on to a new tax pro.

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Technology Tax Start-ups B2B 105

Going Concern

OCTOBER 28, 2022

People who know know there’s something happening at BDO USA. We are working on getting to the bottom of a few things that we can’t quite share with you until we have more information but in the meantime, we need to talk about how leadership is apparently getting axed — or leaving? — and no one knows why. Well, someone knows why.

Start-ups 119

Start-ups Account accounted accountant 119

Intuitive Accountant

OCTOBER 26, 2022

On the latest episode of Accounting Insiders, the owner of Behind the Scenes Financial Services and Top 100 ProAdvisor joins Gary DeHart to talk shop—and more. Check out the interview on the Insightful Accountant YouTube page.

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Account accounted accountant 105

Xero

OCTOBER 4, 2022

Xero connects with over 1,000 apps that help small businesses and their advisors succeed, check out the Xero App Store. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. In September, Xero was joined by thousands of accounting and bookkeeping professionals at Xerocon Sydney.

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bookkeeping accounting firms Account accounted 105

Advertisement

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.

financial statements

Withum

OCTOBER 18, 2022

A cyber Incident Response Plan (IRP) can help an organization prepare to reduce the overall impact of an incident. A potential cyber breach incident can be a ransomware attack , a malicious insider, an external attacker that gained access via a phishing campaign or internal human error, among many others. When dealing with incidents, we often say it is not if, but when an incident will occur.

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Legal 124

Patriot Software

OCTOBER 14, 2022

When an employee is called to serve on a jury, it can be a strain on your business. You might need to adjust schedules to fill the employee’s absence. Product creation or services might be disrupted. When your employee is fulfilling their civic duty, your business doesn’t stop. But, when an employee is on jury […] READ MORE.

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payroll 107

FraudFiles

OCTOBER 5, 2022

Jennifer McKinney: Deadbeat. Yesterday my friends over at MckFacts informed me that our pal Jennifer McKinney was recently in bankruptcy court again. Back in 2012, Jennifer and her (soon-to-be ex-) husband Israel McKinney filed bankruptcy and eventually had it denied because of their attempted fraud on the court. The primary problems were a failure to disclose certain assets and income.

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Wisconsin Hospitality Healthcare Tax 105

Going Concern

OCTOBER 25, 2022

It’s 2022 and accounting firms are proudly buying up “real estate” in the metaverse, putting out self-congratulatory press releases about it like it’s supposed to make us think they’re ahead of the curve on technology. Really my first thought has always been “didn’t the Maryland Association of CPAs do this 14 years ago?

accounting firms 116

accounting firms Real Estate Gaming accounted 116

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

Sales

Intuitive Accountant

OCTOBER 5, 2022

What does it take to be in the Top 100? This is the first in a series covering the various Top 100 categories and process where Murph 'clues you in.' You won't want to miss it.

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Ryan Lazanis

OCTOBER 24, 2022

If you’re having trouble pricing accounting and bookkeeping services for your fixed-price mandates, you’re not the only one (and you’ve come to the right place). Customer expectations are changing, and they are now more insistent than ever on upfront pricing. This is pushing accountants like you to ditch hourly rates in favor of a new pricing strategy and method, which sometimes creates confusion about how to set your accounting services fees.

bookkeeping services 98

bookkeeping services accounted Account accountant 98

Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. Even though Florida does not impose a state income tax, there has been no indication thus far that the filing deadline for the victims of Hurricane Ian, who have state income tax filing obligations in other states, has been extended.

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Government income tax tax return Florida 124

Patriot Software

OCTOBER 27, 2022

When you think of nonprofits with tax-exempt status, your mind might go straight to charitable or religious organizations. However, these types of groups aren’t your only options for becoming a tax-exempt nonprofit. If you own a social welfare organization, you can apply for 501(c)(4) status with the IRS. What is 501(c)(4) status? 501(c)(4) status refers […] READ MORE.

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Tax Account accounted accountant 105

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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.

Dent Moses

OCTOBER 26, 2022

Dent Moses is committed to helping you maximize your income through a variety of tax-saving strategies. We are sharing our 2022 Year-End/Year-Round Tax Planning Guide. . 2022 Year-End/Year-Round Tax Planning Guide. With the lingering impact of the global pandemic and the recent passage of the Inflation Reduction Act, there are a number of tax developments to consider for the current tax year.

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tax planning Tax 98

Going Concern

OCTOBER 19, 2022

The PCAOB has made it painfully clear that they are done pussyfooting around and sick of auditors not doing their jobs. Chair Erica Williams said in September the Board plans to use every tool at their disposal to bring the hammer down on naughty auditors and it seems that’s exactly what they’re doing. Wanna alter work papers and then double down when you’re caught?

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audit auditor Gaming 111

Anders CPA

OCTOBER 19, 2022

Anders is expanding our partnership with Fifth Avenue Healthcare Services (Fifth Avenue) to offer a streamlined, outsourced credentialing and provider enrollment process for physician practices and health systems in Missouri and Illinois. With an industry-focused team of health care advisors, Anders has the provider enrollment expertise that pairs perfectly with Fifth Avenue’s delegated credentialing specialization.

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Missouri Illinois Hospitality Healthcare 98

Snyder

OCTOBER 30, 2022

A small business owner usually has a lot to deal with. From managing customers to marketing and budgets – the list is almost infinite. Taxes add a big chunk to this plate. Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. So it’s no wonder that the business tax season is a hot time for small business owners, just as it is for accountants , especially when you need to deal with all this manual data entry

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tax preparation E-commerce Tax income tax 98

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.