Accounting Insight

SEPTEMBER 20, 2022

Is your accounting software having a laugh at your expense? Prudence is more than a mantra. It’s the deep devotion that underpins the entire finance function. And yet thousands of organisations are using accounting software that undermines this fundamental credo. No-one is implying that finance departments are being profligate. Far from it. Nor is one suggesting that the software at the very heart of their work is betraying them (though some of the more idiosyncratic systems may sometimes feel l

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Menzies

SEPTEMBER 21, 2022

Menzies LLP - A leading chartered accountancy firm. As an employer you will have many responsibilities and the question of whether you should outsource your payroll may have crossed your mind. At first glance it seems that payroll is a simple task that you can handle without help. However, there are many complexities and compliance issues that need to be considered alongside day-to-day processing.

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payroll chartered accountant accounting firms Technology 52

AccountingDepartment

SEPTEMBER 21, 2022

Getting paid quickly by your customers is what helps enable more cash flow for your business. But getting customers to make payments quickly has become a challenge for many. Delaying payments has become a growing trend that started well before the COVID pandemic.

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Accounting Today

SEPTEMBER 19, 2022

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accountant Account accounted 98

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.

Account

RogerRossmeisl

SEPTEMBER 19, 2022

Summer can bring extreme weather, including floods, droughts, wildfires, tornadoes and hurricanes. These natural disasters and other crises can interrupt normal business operations, causing significant financial losses. If disaster strikes, a business interruption insurance policy can allow you to recoup lost profits, repair damaged assets and cover other incremental expenses.

CPA 161

CPA cpa firm 161

Snyder

SEPTEMBER 19, 2022

From e-commerce stores to SaaS startups, businesses need to receive payments from customers , and payment gateways are one of the most common ways to do this. There are many options for collecting money online – credit cards, Buy Now Pay Later cards, or PayPal, just to name a few. However, not all payment gateways are the same. What you need may depend on your business’s size and needs.

E-commerce 98

E-commerce accounting software Technology Start-ups 98

Patriot Software

SEPTEMBER 20, 2022

When you sell goods to customers, you likely collect and remit sales tax to the government. And when you purchase products, you typically pay sales tax. But, how do you record these tax collections and payments in your accounting books? Sales tax accounting. You should understand accounting for sales tax to maintain organized and accurate […] READ MORE.

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FraudFiles

SEPTEMBER 23, 2022

What kinds of companies are more prone to fraud? In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in progress, and the kind that puts a company at greater risk of fraud. In this video, I talk about a few of the characteristics of companies that seem to put companies in greater danger of becoming a victim of fraud by employees.

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Snyder

SEPTEMBER 21, 2022

For many people, forecasting sounds like something connected with weather prediction or fortune telling. Surprisingly, financial forecasting isn’t that far off. After all, businesses use it to predict their future performance, taking into consideration potential clouds on the horizon and thinking through steps to avoid getting into a thunderstorm. The difference is that businesses won’t need any crystal balls or magic potions to forecast – they’ll use their business data instead, which is an eve

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financial statements accounting and finance Finance Sales 52

RogerRossmeisl

SEPTEMBER 19, 2022

When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big refund. Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

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income tax Tax tax return CPA 204

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

TaxConnex

SEPTEMBER 20, 2022

The sales tax audit can be one of the scariest – and costliest -- things an online business ever goes through. If you do get hit with an audit, it’s critical to handle the process correctly. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here). This blog will conclude our top 10 list with a look at 5 missteps to avoid when handling and resolving the audit.

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audit Sales Tax auditor 225

BurklandAssociates

SEPTEMBER 22, 2022

FP&A helps startups scale by leveraging the company’s data for decision making, including data that may be hidden beneath the surface. The post How Does FP&A Help Startups Scale? appeared first on Burkland.

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accountant accounted Account 147

Withum

SEPTEMBER 22, 2022

The IRS recently issued a chief counsel advice memorandum (CCA 202237010 (Aug. 19, 2022)) addressing the proper treatment of improperly forgiven PPP loans. The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness.

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Tax payroll audit tax services 125

RogerRossmeisl

SEPTEMBER 19, 2022

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic rules Certain employers with 50 or more full-time employees (called “applicable large employers” or ALEs) must use Forms 1094-C and 1095-C to report the information about offers of health coverage and enrollment in health coverage for their employees.

CPA 197

CPA business tax Tax 197

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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

TaxConnex

SEPTEMBER 22, 2022

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Virtual reality. Sales tax on digital products was the subject of a white paper draft at the Multistate Tax Commission’s annual meetings in Anchorage, Alaska. The purpose of the project: help states develop a simpler and more adaptable approach to taxation of digital products.

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xendoo

SEPTEMBER 19, 2022

For the most part, business travel expenses are tax deductible, meaning that you could lower the amount of taxes you need to pay. . When it comes to tax-write offs for travel, the IRS provides specific guidelines around what you can claim. Mainly, your trip needs to be primarily for business purposes. However, there is some wiggle room to get a little vacation time in during a business trip that qualifies as a travel expense. .

Entertainment 105

Entertainment Transportation Tax tax return 105

Withum

SEPTEMBER 22, 2022

There are too many distractions that divert our energies from what is really important to us. We have limited time, and we all have too much to do and too much that we want to do. Yet, we move from one distraction to another without any thought. I refer to all background distractions as “Noise.” The distractions take many forms. Interruptions by others, a text, an email, a phone call or even a “breaking news” alert on our smartphones.

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Start-ups Gaming CPA Tax 115

RogerRossmeisl

SEPTEMBER 19, 2022

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends and modifies many climate and energy-related tax credits that may be of interest to individuals. Non-business energy property Before the IRA was enacted, you were allowed a personal tax credit for certain non-business energy property expenses.

CPA 188

CPA Tax 188

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

SEPTEMBER 21, 2022

Murph tries to pick a few of new or enhanced Desktop features each year as his favorites—with an explanation of why. This year was a little hearder, mainly because he liked them all—some more than others.

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quickbooks Maine 105

Snyder

SEPTEMBER 23, 2022

According to the International Chamber of Commerce ( ICC ): FOB means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. However, there are two terms in shipping that can’t be mixed up: the FOB shipping point (or the FOB origin) and the FOB destination.

Transportation 98

Transportation Sales Start-ups Legal 98

Accounting Insight

SEPTEMBER 20, 2022

In less than a month, Accountex Summit Manchester will be opening its doors at Manchester Central for the fourth year. The show on the 12 October is set to be the biggest yet, welcoming 1500+ attendees. . Alongside the packed seminar programme and diverse exhibitor list, Accountex Summit Manchester are excited to announce some new features to this year’s exhibition, including a photobooth and post-show drinks, which are a great opportunity to network and catch up with colleagues. .

accounting and finance 98

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RogerRossmeisl

SEPTEMBER 19, 2022

If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains or other income. Here are the applicable rules for paying estimated tax without triggering the penalty for underpayment. When are the payments due?

Tax 130

Tax CPA 130

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Intuitive Accountant

SEPTEMBER 22, 2022

Did you miss the September edition of QB Talks where Laura Madeira took a deep dive into QuickBooks Desktop 2023? never fear. The recording can be found our our YouTube Channel.

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quickbooks 98

Snyder

SEPTEMBER 20, 2022

Financial statements provide a snapshot of a company’s financial health. They give a broad overview of a business and serve as an indication of its intercompany financial management, profitability, solvency, and liquidity. However, these indicators are only good when you reconcile the accounts properly. The account reconciliation process is an integral part of business, which helps to connect accounting with bank statements, records with cash, and protect the business from any discrepancies. .

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general ledger accountant Account accounted 98

IgniteSpot

SEPTEMBER 20, 2022

3 Things a CFO Does During the M&A Process. If you’re new to mergers and acquisitions, virtual CFO services can be helpful no matter how you collaborate with them. After all, it’s a whole new world (cue the Disney music).

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Lockstep

SEPTEMBER 21, 2022

When scaling your business, email no longer becomes the “best” or “easiest” tool to use. This is why sales departments use Salesforce to manage account status, notes and communications. This is why your IT department has a helpdesk took like JIRA to compile and organize internal inquiries, because traditional email is not scalable. But why then, is your accounting team using disparate accounting email inboxes to manage vendor and customer communications?

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accountant Account accounted accounting and finance 92

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.

Intuitive Accountant

SEPTEMBER 21, 2022

In today’s business world, there are two accounting choices. Oak View Law Group's Lyle Solomon shares how you can help your clients decide which accounting approach is right for them.

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accountant Account accounted 98

Withum

SEPTEMBER 23, 2022

Explore Other Episodes. The post Shifting the Tree With Virginia Essandoh of Ballard Spahr appeared first on Withum.

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Virginia 111

Going Concern

SEPTEMBER 23, 2022

The post Friday Footnotes: Accounting Salaries on the Rise; PwC Sets a Record; Succession Suggestions? | 9.23.22 appeared first on Going Concern.

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Patriot Software

SEPTEMBER 20, 2022

Reducing an employee’s salary is not an easy decision to make. Unfortunately, salary reduction might be necessary. If an employee is not succeeding in their position, it may be time for a pay cut. A salary reduction is much more than just changing your payroll. There are laws you need to follow when reducing an […] READ MORE.

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payroll 87

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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.