TaxConnex
OCTOBER 27, 2022
Our Halloween-month look at tricky items concludes with a natural: candy. Consumers are expected to spend more than $3.1 billion on candy this Halloween. (Did you know a kid would have to play full-court basketball for more than 14 straight hours to burn off all the calories in a typical Halloween candy haul?). Remember when you were a kid and you thought candy was food?
Canopy Accounting
OCTOBER 27, 2022
Need the perfect costume for your office Halloween party? Don’t worry, we’ve got you covered. If it’s for a work party, it could be fun to show up dressed in an accounting-themed costume.
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Patriot Software
OCTOBER 26, 2022
Take a step back and think about this: How well do you really know your customers? If you’re in a business that involves money, such as a bank or insurance agency, it can pay off to do your due diligence when it comes to your customers. The process of knowing your customer and verifying your […] READ MORE.
Anders CPA
OCTOBER 27, 2022
Although some of the hype around cryptocurrencies has leveled over the last year, it’s clear that digital assets are here to stay, and the not-for-profit industry should understand how this impacts them. In this episode of But Who’s Counting?, David E. Hartley discusses the possible future of crypto in not-for-profit organizations with Jeanne M. Dee , audit partner and leader of the Anders Not-for-Profit team, including the following highlights: The current accounting rules regarding crypto and
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.
Patriot Software
OCTOBER 26, 2022
In this digital era, it may seem surprising that there is an option to file a paper tax return. But before you kick the idea of paper filing to the curb, consider the advantages and disadvantages of e-File vs. paper file below. E-File vs. paper file E-Filing, or electronic filing, is the process of submitting […] READ MORE.
RogerRossmeisl
OCTOBER 23, 2022
Any form of identity theft can be costly, unsettling, and take months — sometimes years — to fully recover from and repair. But tax-related identity theft can be particularly disturbing because it involves the IRS, about which many people already harbor suspicion and anxiety. Although the IRS has taken significant steps in recent years to help minimize the occurrence of tax-related identity theft, this type of fraud continues to occur.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
GrowthForceBlog
OCTOBER 26, 2022
11 min read. In September 2022, the U.S. economy added 263,000 jobs, and the unemployment rate shrank to 3.5% [1]. These optimistic numbers have made some economists hesitate to call the country's economic situation a recession. Key Takeaways. Why Layoffs Are a Savvy Business Leader's Last Resort: Although letting go of employees is a simple way to save money, this strategy also comes with hidden costs….
GrowthForceBlog
OCTOBER 27, 2022
7 min read. The rise of modern technology and cloud computing has streamlined and simplified the process of business outsourcing. Key Takeaways. Business Outsourcing Pros and Cons in 2023: Outsourcing comes with both potential advantages and potential disadvantages, and whether your business ends up benefiting or…. Best Practices for Business Leaders Considering B2B Outsourcing Services: In order to maintain control and preserve the quality of your company's unique value proposition, it's likely
RogerRossmeisl
OCTOBER 23, 2022
As posted to the Bellavia Blatt YouTube Channel on 9/30/22 (Run Time: 17 min, 52 sec) With automakers speeding toward electrification, many are more than hinting at a new distribution model for those electrified vehicles involving customers ordering vehicles online. Are dealers at risk of being cut out of the sales process? In this clip, automotive attorney Len Bellavia sits down virtually with Ted Ings at the “Fixed Ops Roundtable” to discuss the future of the franchised dealership
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.
MyIRSRelief
OCTOBER 28, 2022
In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. Formed in 1950, the board replaced the original Franchise Tax Commissioner that was created by the original California Constitution.
Acterys
OCTOBER 28, 2022
If you’re a finance manager or CFO, you know how important it is to have a clear and accurate picture of your company’s budget. After all, the budget is what allows you to make key decisions about where to allocate your resources and how to maximize their utilization. While there are several specialized solutions available in the market, adding market-leading planning capabilities to widely used productivity solutions.
TaxConnex
OCTOBER 25, 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. Inflation bites. The Urban Institute told news outlets that 25 states recently reported year-over-year declines in sales tax receipts, a jump of more than a third in just a month. Less consumer spending amid persistently higher prices apparently triggered a decline in revenues.
Withum
OCTOBER 27, 2022
Cyber hygiene, or cybersecurity hygiene, is a term used for observance of leading technology security practices, and it generally applies to businesses and individuals alike. As with most facets of business, there is a trade-off between cost and benefit regarding security measures. In this post, we’ll share cyber hygiene best practices organizations should routinely perform to maintain the health and security of users, devices, networks and data.
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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.
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.
Acterys
OCTOBER 22, 2022
Introduction. This notice applies to all Power BI visuals that we provide. For the purpose of this notice, we’ll just call them our ‘services’. When we say ‘personal data’ we mean identifiable information about you, like your name, email, address, telephone number, bank account details, payment information, support queries, community comments and so on.
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.
Withum
OCTOBER 25, 2022
According to a CNBC survey of businesses in 2022, 74% of businesses are dealing with supply cost increases. It is not uncommon for businesses to utilize standard costing inventory in their internal ERP system and update the standard cost for products on an annual basis. Standard costing is based on the expected costs of material, labor and overhead (typically established at the inception of a year) instead of the current actual costs incurred months later.
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
Going Concern
OCTOBER 25, 2022
Financial Times is reporting that EY Israel is joining EY China in rejecting the proposed split of audit and consulting services. “From our point of view in the Israel business, the split will not create benefits,” said EY Israel Managing Partner Doron Sharabany to FT. EY China’s decision was based on regulatory hurdles that could not be overcome, not that anyone over there thought cashing out millions of dollars would not be beneficial to those doing the cashing out.
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.
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.
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.
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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.
Going Concern
OCTOBER 27, 2022
Deloitte pushed out some survey results this week that confirm what leaders have been telling themselves ever since the first Millennials entered the workplace at the turn of the century: ‘purpose’ is just as important as pay. Sure, guys. Sure. A Deloitte survey of over 4,000 respondents* found that over half of employees (62%) consider an organisation’s purpose before deciding to join, with over a third (36%) saying that an organisation’s purpose was just as important as their salar
Patriot Software
OCTOBER 26, 2022
To keep business operations running smoothly, you need incoming money. When you make a sale or earn money from another activity, you need to record it. Learn how to record the types of revenue in different accounts. That way, you can keep your accounting books updated, organized, and legal. What is revenue? Revenue, or sales, […] READ MORE.
Canopy Accounting
OCTOBER 28, 2022
Get your drum rolls out and start drumming: Canopy’s Practice Management software for accounting firms just won a G2 Fall 2022 badge for Most Implementable! If you’re wondering what this means or whether or not it’s a big deal, think of it this way: For human beings, it’s the Nobel Peace Prize. For dogs, it’s the Westminster Legend Trophy. For accounting practice management software, it’s undoubtedly a badge from G2 for Most Implementable.
ThomsonReuters
OCTOBER 27, 2022
QUESTION: Our company’s group health plan for active employees also covers retirees for 18 months after retirement. While the company pays 100% of the premium for active employees, it pays only 60% of retiree coverage, with the retirees paying the other 40%. Must retiring employees who were covered under the health plan as active employees be offered COBRA coverage?
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.
Going Concern
OCTOBER 27, 2022
The NMC Health collapse of 2020 is still haunting EY UK, this time in London High Court as NMC administrators accuse the firm of failing in their duties and not noticing “one of the biggest frauds ever alleged at a FTSE 100 company.” The administrators, whose job it is to find some funds to repay NMC creditors, say EY auditors did not detect that NMC’s accounts were fraudulently misstated to the tune of a couple billion dollars.
Withum
OCTOBER 28, 2022
Explore Other Episodes. #CivicWarriors #WithumImpact. The post Fire Prevention Awareness With Jon Kessler appeared first on Withum.
Intuitive Accountant
OCTOBER 25, 2022
Pay your third-party contractors using direct deposit without QBO accounting using the new QuickBooks Contractor Payments. It even tracks and prepares your end-of-year 1099s.
Xero
OCTOBER 25, 2022
It’s easy to get lost in the day-to-day clamour of our working lives. Targets, KPIs, deadlines – these are the things that keep many people awake at night, and often distract from the bigger picture. Which is to try to do some good on this planet before we leave it. . The team at EOG Accounting , a solely Xero practice based in North Wales, understands the need to meet business targets, but also to make a positive impact whenever possible. .
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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.
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