Sat.Nov 19, 2022 - Fri.Nov 25, 2022

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Exposure Drafts: A Very Taxing Thanksgiving

Going Concern

Listen to Oh My Fraud , a podcast by Caleb Newquist and Greg Kyte, and get free CPE through Earmark. And Exposure Drafts holiday cards are now available for purchase through Rubook Creative. The post Exposure Drafts: A Very Taxing Thanksgiving appeared first on Going Concern.

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Accounting firms and sales and use tax advising: Perfect together?

TaxConnex

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. How can they go about making the move? Mark Friedlich, CPA, vice president of U.S. government affairs at Wolters Kluwer Tax & Accounting recently wrote that most CPA firms that have sales and use tax practices generally divide services offered into three categories: planning (nexus studies, taxability determinations, exemption certificate management and so on);

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1099s – Why the Rush?

Dent Moses

While many would prefer to “think about that tomorrow” or in January, time spent now can significantly affect how hectic your January will be. The best practice is to have new vendors provide a completed W-9 before issuing a payment. We also recommend reviewing 1099 vendors a few times throughout the year and requesting any missing W-9s. Imagine skipping the frantic race to hunt down vendors to get information in time to prepare 1099s by late January.

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Accounting Isn’t a Stand-Alone Activity

SMBAccountant

When clients start with us, they often question the amount of information that we request. “My old bookkeeper didn’t ask for all this” is a statement we hear often. Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. The accountant or bookkeeper can’t effectively do their job and the manager has inaccurate financial data to make business decisions, provide to potential investors, or financial institutions for l

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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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Behavioral Red Flags of Financial Fraud

FraudFiles

There are a number of common signs that we may see when someone is engaged in financial fraud within a company.

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The Frontier: Accountants need to know more than ever

Accounting Today

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Getting Creative with Benefits: QSEHRA vs. ICHRA

BurklandAssociates

We are approaching the time of the year when companies are typically thinking about annual enrollment and benefits. Maybe you are a founder thinking about hiring your second or third Read More. The post Getting Creative with Benefits: QSEHRA vs. ICHRA appeared first on Burkland.

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Free Yourself From Business Accounting by Outsourcing

AccountingDepartment

As the holidays approach, no business owner wants to be bogged down with accounting tasks, budgeting next year, or trying to prepare to close the books for 2022. Owning a business has many upsides to it, but one of the drawbacks for many is trying to keep track of the business's finances.

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The Disruption of Transportation

RogerRossmeisl

The Great Transformation (Part 2) – The Disruption of Transportation As posted to the Tony Seba YouTube Channel on 10/31/2022 (Run Time 18 min, 23 sec) Part 2 of Tony Seba’s latest presentation on what he calls “The Great Transformation”, discusses the disruption of transportation by autonomous, electric, fleet vehicles: Transportation as a Service. “The Great Transformation” is a deep dive into the key technologies that are converging in the 2020s and how they will

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What fractional CMOs can do for small businesses

DuctTapeMarketing

What fractional CMOs can do for small businesses written by Editor read more at Duct Tape Marketing. Want to grow your business and position your brand for success? One of the greatest ways to do so is hiring a CMO or Chief Marketing Officer, an experienced, result-driven executive responsible for all your marketing efforts. But with an average annual salary of over $330,000 many small to mid-sized businesses can’t easily afford a CMO.

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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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How Do Your Benefits Stack Up Against Today’s Market Statistics?

BurklandAssociates

One of the best ways to gain a competitive advantage with employee recruiting and retention is to ensure your benefits are competitive. The post How Do Your Benefits Stack Up Against Today’s Market Statistics? appeared first on Burkland.

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Happy Thanksgiving 2022

Withum

Thanksgiving is a festive day where we get together with family and friends for dinner. It might also be the most observed national holiday. It is also propitiously placed as the first-time many college students can come home for an extended weekend. However, Thanksgiving should mean more than this. It should be a day of giving Thanks for all the Blessings we have and the people that are keeping us safe.

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EY Survey Ironically Finds the Four-Day Workweek is the New Standard at Many Companies

Going Concern

According to the latest EY Future Workplace Index survey, many companies are moving toward a four-day workweek thanks in part to competition for talent. The survey reveals surprisingly optimistic attitudes from company leadership on real estate investment despite economic tightening, says the press release, a sign that employers want you back in the office at any cost.

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5 CPE Courses To Be Grateful For | Canopy

Canopy Accounting

The end of the year is nearing, which means it’s crunch time for CPAs who still need to earn those mandatory CPE credits. Accounting CPE credits can be acquired by participating in various courses, webinars, and conferences throughout the year. We’re sharing 5 great course options that you’ll be grateful for while finishing your CPE credits for the year.

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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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Want to Know What Your Employees Want? Ask Them!

BurklandAssociates

One of the best ways to get honest and open feedback from your team is through an anonymous survey. The post Want to Know What Your Employees Want? Ask Them! appeared first on Burkland.

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HLB Names Bill Hagaman as Chairman

Withum

Withum is proud to share that Bill Hagaman has been appointed Global Chairman of HLB International. HLB, the global advisory and accounting network, announced at their annual summit in October that Bill Hagaman , Managing Partner and CEO of Withum, will take over the post from Corney Versteden. We are delighted to welcome Bill as our new HLB International Chairman.

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Hey Tax People, You’ll Be Thankful For This Remote Job That Promises No More Than 40 Hours a Week EVER

Going Concern

Those of you dreading the idea of yet another busy season (so, all of you) will be interested in this gig: how’s 30 to 40 fully remote hours a week sound to you? So not only will you never have to go into the office, you won’t have to sacrifice all your evenings at weekends hunched over your laptop at home either. Take a look at the description, salary range, and requirements and if you’re so compelled, head over to Accountingfly to apply for this Remote Tax Manager position.

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3 Holiday Tips for Small Business Accounting

Basis 365

Holiday accounting requires special preparation. It was the week before Christmas and all over town. Every business was busy Other than us. We are dead. Is this you? This time of year is a great time for retailers, but it can also be slow for service businesses. Unfortunately, January will not bring much relief, as the new year usually begins slowly.

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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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E-commerce Business Plan: How to Create an Actionable Business Plan for Your E-commerce Business

Snyder

In such a progressive time, generating ideas remains a natural process. We may create a significant breakthrough to solve people’s problems, find ways to satisfy their needs, and make a profit from it. But there’s something that lies between an idea and the actual formation of a business – a good business plan. Some e-commerce business owners might skip this step and concentrate on the urgent tasks on their to-do list, like launching a website, connecting online payment platforms, and presenting

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What’s the Status of the 2007 Proposed Cafeteria Plan Regulations?

ThomsonReuters

QUESTION: We know that the IRS issued proposed cafeteria plan regulations in 2007. What is the status of these regulations? Are employers required to comply with them? ANSWER: The IRS has yet to publish final cafeteria plan regulations. Meanwhile, the 2007 proposed regulations can be relied on for guidance until the final regulations are issued, as explained in the preamble.

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Intuit Expanding Online Tax Service for 2022 to Offer New TurboTax® Business

Intuitive Accountant

For 2022, Intuit will introduce TurboTax Business, offering full service and assisted tax services to small businesses through its TurboTax Live experts.

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A Parent’s Guide to Financial Planning for Higher Education

CTP

By Susan Doktor. See that cooing, cuddly bundle of baby love you’re rocking in the cradle right now? You’ll be sending him or her off to college in the blink of an eye. Don’t believe me? Ask one of the millions of parents who came up short-handed when tuition bills were due because they didn’t plan ahead. Some financial experts advise anyone even thinking of having children to start saving for their college expenses long before their bouncing babies arrive.

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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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How to Accelerate Your Financial Maturity (And How Virtual CFO Services Can Help)

IgniteSpot

Align Growth with Strategic Goals. To reach financial maturity, the best organizations stay goal-oriented. This can mean different things depending on your company.

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Happy Thanksgiving From AccountingDepartment.com!

AccountingDepartment

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Revisiting Great Concepts: Removing Unwanted QB Desktop Updates

Intuitive Accountant

Murph shares the link to his earlier article showing you the steps to remove unwanted QuickBooks Desktop Updates that have been downloaded, but not yet installed.

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Baker Tilly reaches Xero Platinum Partner status in Canada

Xero

We’re incredibly excited to share that Baker Tilly Canada has achieved Xero’s Platinum Partner status, which demonstrates the audit, tax and advisory network is helping to lead the way with the future of cloud accounting in Canada. After this new partnership milestone was signed, we were thrilled to attend Baker Tilly Canada’s annual partners conference in Vancouver, where we shared the news and celebrated with attendees.

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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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Holding a Large Position in One Stock? Know Your Options: Exchange Funds

KROST

Do you have a large position in a publicly held company? Are you concerned about having a concentration risk in your portfolio? If the answer is yes, then you should consider using an Exchange Fund, also known as a swap fund. An Exchange Fund provides the opportunity to diversify your stock holdings without triggering capital Read the full article. The post Holding a Large Position in One Stock?

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Construction Company Employee Vs. Contractor - What You Need To Know

Randal DeHart

Depending on the nature of your construction business, you may have workers who are employees or contractors, or you may have both. Each has its merits, but it's important to review which are to meet your tax obligations. With so much discussion about employees, payroll, and payroll taxes, you may feel like missing out by not hiring many employees. The reality is that as a small business owner, you do not have to hire employees.

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The Value of the QuickBooks Desktop Unpaid Job Bills by Vendor Report

Intuitive Accountant

Use the Unpaid Job Bills by Vendor Report with slight modifications to find unpaid vendor bills either assigned to a job or not, and whether marked billable or not.

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How promoting the role of accountants and bookkeepers can drive small business growth

Xero

In the House of Lords last week, I watched as we launched our manifesto to support small business recovery. Surrounded by our amazing accounting and bookkeeping partners and small business customers, I understood the magnitude of what we are fighting for. . It was great to be able to connect many with their local MPs and take their issues directly to them during the event.

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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.