Sat.Oct 29, 2022 - Fri.Nov 04, 2022

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Detailing the Root Causes of Industry Burnout

Intuitive Accountant

The second chapter of FloQast's 'Controller’s Guidebook' survey program pinpoints the critical relationship between accountants and technology, and elevates potential solutions to encourage synergy.

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The Widening of the Tax Gap is the IRS’s Fault, Says the IRS

Going Concern

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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Wrap up Your Accounting Period With Closing Entries

Patriot Software

When you manage your accounting books by hand, you are responsible for a lot of nitty-gritty details. One of your responsibilities is creating closing entries at the end of each accounting period. What are closing entries? Closing entries are entries used to shift balances from temporary to permanent accounts at the end of an accounting […] READ MORE.

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Common Accounting Mistakes New Business Owners Make | Canopy

Canopy Accounting

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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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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The Accounting Talent Shortage is Not New, You Guys

Going Concern

Although the accounting talent shortage seems like something that just popped out of nowhere and couldn’t possibly have been predicted, oh, a decade ago, I feel compelled to remind everyone that we here at Going Concern saw this coming. I don’t say that in a “hurr durr I’ve been talking about this for ten years and no one listened” way, I mean the writing was on the wall way back so the profession really shouldn’t be surprised that we ended up here.

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The Low-Down on Key Performance Indicators

AccountingDepartment

Clickthrough rates for web content, production efficiency, and average resolution time have one major commonality. These are all examples of key performance indicators, better known as KPIs.

More Trending

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St. Louis Inno Partnership: How to Find a Cofounder for Your Startup

Anders CPA

Adding the right cofounder to your startup team can open several doors, from bringing in a unique perspective to improving the quality of your product or service, to establishing credibility with prospective investors. Senior tax manager Josh Snyder detailed the benefits of recruiting a cofounder, how to choose the right fit for your startup and more in a recent article for the St.

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The accountant shortage threatens capitalism's future

Accounting Today

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Email Blunders for Accounting Teams to Avoid

Lockstep

We all know how frustrating email can be, especially for accounting teams. Sometimes it just doesn’t work as you want it to. Email often becomes a major source of frustration – especially when things go wrong. In Part I and II of this series, we took a look at some of the most common accounting email blunders that can cost time and money.

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Benefits of GAAP

SMBAccountant

The benefits of following GAAP for Small Business: Many small business owners shy away from anything associated with Generally Accepted Accounting Principles (otherwise known as GAAP) thinking they apply only to large publicly held organizations. This thinking is far from true, however. GAAP was created to be a standard "rule book" for organizations to follow, and was intended to be used by all businesses -- small and large, private and public.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Introducing Burkland’s New Toolkit to Help Extend Your Startup’s Cash Runway

BurklandAssociates

Burkland has compiled a new toolkit to help you extend your startup’s runway with intelligent scenario planning, cost reduction, and cash flow measures. The post Introducing Burkland’s New Toolkit to Help Extend Your Startup’s Cash Runway appeared first on Burkland.

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Sales tax concerns if you sell through multiple channels

TaxConnex

This article was originally featured in the Retailist on October 3rd, 2022. Businesses have new ways to sell today, as marketplaces such as Amazon and the business’s own website have joined established channels like direct retail sales and wholesale sales. Each brings different sales tax implications – and retail and ecommerce businesses aren’t always aware of their obligations.

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INCPAS outlines 3 strategies to grow talent pipeline in colleges and universities

Accounting Today

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Our Audits Sucked Because the Auditors Are Exhausted, Says Deloitte Australia

Going Concern

Last week the Australian Securities and Investments Commission (think Aussie PCAOB) informed us that Deloitte and KPMG need to take “continued deliberate and concerted action” to improve the quality of their audit work because apparently it is just that bad. Deloitte did not meet ASIC standards on half of audits inspected, KPMG came in at 48 percent.

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

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.

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Types of Invoices for Small Business

Patriot Software

Like many small business owners, you send customers bills after providing a product or service. An effective invoicing system gives customers more flexible payment options. You need to know which types of invoices to send customers for different situations. Types of invoices There are many different types of invoices you can send to customers. Each […] READ MORE.

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Baseball and Business Skills

Withum

Watching the World Series has me thinking about the importance of excellence in every skill a player needs. These include pitching, batting, catching, throwing, hitting the cutoff man, running, sliding, stealing a base, bunting, practicing, working out, training, loosening up, following signals, getting coached, making sure equipment is maintained, studying opposing players, planning for the game and teamwork.

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Tax planning in an unpredictable political and financial climate

Accounting Today

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Deloitte Just Canned a Bunch of Old Leaders to Make Way For Younger Ones in the UK

Going Concern

FT is reporting that Deloitte just axed half of UK executives this week, a surprisingly abrupt move that was announced to staff yesterday. The reason? “The changes were driven partly by a desire to replace older members of the management team with younger partners who would be young enough to run for election as chief executive at the end of North-South Europe CEO Richard Houston’s second term in 2027,” a source told FT.

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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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Profit vs. Profitability

Patriot Software

As a business owner, you need more incoming than outgoing money to keep your company afloat. How much money you have left over after you pay expenses is known as profit. You should measure your business’s profits, which is known as profitability. Understand profit vs. profitability to analyze your company and make financial decisions. Profit […] READ MORE.

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Keeping Up with the Race for Technology

Intuitive Accountant

New report from LeaseQuery reveals accountant technology wishlists and implementation challenges at their firms.

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IRS drafts new K-2. K-3 instructions

Accounting Today

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This NASBA Tweet Is Going to Disappoint A LOT of People Today

Going Concern

On Thursdays the official NASBA Twitter account publishes #ThursdayThoughts, usually some kind of tip or trick like last week’s advice on what to do if you are having trouble matching to your NASBA Dashboard’s CPA Portal account ( here’s the link for that if you need it). But today’s thought is less a tip and more of an abject dream-crusher.

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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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Where to start on your Xero education journey

Xero

We know it’s not enough to just create really #beautiful accounting software – we also need to teach you to use it. Spending time educating yourself on Xero can help you get time back once you’ve built up your confidence. . You probably know by now that when you have a question about Xero, Xero Central is your first stop. But did you know it’s also your home for proactively learning about Xero?

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Nicole Lyons names to AICPA FVS Executive Committee

Withum

Withum is proud to share that the AICPA appointed Nicole Lyons to their Forensic and Valuation Services Executive Committee. Nicole is a partner and member of the Firm’s Forensic and Valuation Services Group and Market Leader of Business Disputes and Economic Damages. As a CPA, certified valuation analyst and certified in financial forensics, she is a recognized expert throughout the east coast in the space.

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Ransomware attacks doubled from 2020 to 2021

Accounting Today

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Monday Morning Accounting News Brief: Fear and Loathing at KPMG; FASB? More Like SLOWB; EY, Esq. | 10.31.22

Going Concern

Happy Spoopy Day! Here are your morning headlines: As critics suggest FASB is too slow to make new rules, FASB chair Rich Jones hits back : The standards for financial statements are “designed to provide the best information for capital allocation decisions” by investors, he said, but “at the end of the day, it’s applied by accountants, and it’s evaluated by auditors.

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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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Anders Named to Best Accounting Firms List by St. Louis Small Business Monthly

Anders CPA

Anders celebrated being named a Best Accounting Firm at SBM’s Best in Business Awards luncheon on November 1, 2022. The Best Accounting Firms were nominated by St. Louis area businesses and voted to have the top accountants in St. Louis as part of Small Business Monthly’s Best in Business awards. View the full list of Best Accounting Firms in 2022 by St.

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Withum Awards $95K to Aid Team Members in Student Loan Repayment 

Withum

Withum announced the award of $95 thousand in grant funding through the Thomas R. Suarez Student Loan Grant program to aid team members in their repayment of student loans. Withum, a top-ranked national advisory and public accounting firm, announced the award of $95 thousand in grant funding through the Thomas R. Suarez Student Loan Grant program to aid team members in their repayment of student loans.

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Meet the 2022 Best Firms for Young Accountants

Accounting Today

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Friday Footnotes: PwC Does Some Things; Bad Client Dumps EY; ‘Going From Balloon Animals to Accountancy’ | 11.4.22

Going Concern

Footnotes is a weekly wrap-up of all the news in and around the accounting profession, published every Friday at 5 p.m. Eastern. To get more headlines delivered on the regular, subscribe to our newsletter. Big 4. PwC Retirees Get Early Approval for $267 Million Pension Deal [ Bloomberg Tax ]. PricewaterhouseCoopers LLP’s $267 million settlement with retirees seeking higher pension benefits received early approval from a New York federal judge, paving the way for resolution of a 16-year-old class

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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.