Randal DeHart
AUGUST 26, 2022
There comes a time for every small business to raise its prices. While it may seem scary, remember that it's your job to keep costs fair for you and your customers. That means you have to charge prices that work for you and allow you to remain in business. Am I Not Charging Enough? Knowledge leads to profits and cash flow. What makes knowledge powerful?
RogerRossmeisl
AUGUST 23, 2022
Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting. It seeks to take income out of your higher tax bracket and place it in the lower tax brackets of your children. While some tax savings are available through this approach, the “kiddie tax” rules impose substantial limitations if: The child hasn’t reached age 18 before the close of the tax year, or The child’s earned income doesn’t exceed half of his or her s
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Patriot Software
AUGUST 25, 2022
As a busy business owner, you’re always looking for ways to save your time and money. And, you certainly don’t want to waste your precious time, energy, and hard-earned cash on accounting tasks. The solution? Accounting software. Along with saving your money and time, there are plenty of other advantages of accounting software. Ready to […] READ MORE.
TaxConnex
AUGUST 25, 2022
Consistent (i.e., “good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you. Maybe they’ve priced themselves out of your range or discontinued the service you need, or have become too big to match your specific needs.
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.
RogerRossmeisl
AUGUST 23, 2022
On its website, the IRS has issued guidance on accessing the Inflation Reduction Act of 2022’s tax credits for electric vehicles (“Plug-in Electric Drive Vehicle Credit at a Glance”), while the Energy Department listed credit-eligible cars, trucks, and SUVs (“List of Vehicles with Final Assembly in North America”) on 8/16/22, just hours after President Biden signed the law.
Going Concern
AUGUST 25, 2022
*post image is not Steve, just some guy from iStock. Letters to the editor are great because they clue you in to how a reader identifies with what you’ve written and often the writer will share their own experience viewed through the lens of your story. In this case, the reader-submitted letter we’re about to share with you was written not to us but to Fortune in regards to this August 15 article about the struggle to find accounting and finance talent (we wrote our own take on Delo
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Mark Lee
AUGUST 23, 2022
One of the many recurring topics in my conversations wth accountants is their approach to quoting fees. Twice in the last week I have been asked my view on fee quotes sent out by accountants I am mentoring. They are not alone. I know from my webinars and group sessions that plenty of sole practitioners are frustrated by the same issue. In each of the most recent cases I noted that the accountants had made similar mistakes.
Patriot Software
AUGUST 22, 2022
Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees. But, what happens when you have to deal with a deduction that you don’t have consent for, like a correction for a payroll error? […] READ MORE.
BurklandAssociates
AUGUST 23, 2022
Employee documentation can help your company raise that next round of funding and mitigate any allegations of unfair employment practices. The post Employee Documentation: Tips & Examples to Save Your Startup Money appeared first on Burkland.
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.
RogerRossmeisl
AUGUST 23, 2022
Excerpt of an article posted to the ARK Invest website on 7/15/22 According to the research of ARK Invest, during the next five years the auto industry as measured in units will grow, but as measured by enterprise value, it will shrink. In 2021, the number of light vehicles sold globally was 78 million and the enterprise value of automakers, roughly $3.5 trillion.
Acterys
AUGUST 25, 2022
This month, we are again releasing major improvements for Acterys. Our development team has been pretty busy working on significant functionality improvements and new features to make your experience with our products better in terms of speed, usability, security, and ease of use. We have added multiple new features, new Apps, upgraded Power BI visuals with refined functions, and enhanced overall application security.
TaxConnex
AUGUST 23, 2022
We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We are excited to work with GSCPA at these three events” explained TaxConnex Partner and Chief Revenue Officer, Brian Greer. “It’s been a long time since these events have been in person and we’re glad to be back out there speaking and meeting with our partners, clients, and future clients.
BurklandAssociates
AUGUST 23, 2022
You most likely have bought yourself a short amount of time with this employee before the same issues that caused them to look happen again. The post Why Creating a New Job to Retain Someone Can Be a Bad Idea appeared first on Burkland.
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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.
RogerRossmeisl
AUGUST 21, 2022
Sadly, many businesses have been forced to shut down recently due to the pandemic and the economy. If this is your situation, we can assist you, including taking care of the various tax responsibilities that must be met. Of course, a business must file a final income tax return and some other related forms for the year it closes its doors. The type of return to be filed depends on the type of business you have.
Withum
AUGUST 22, 2022
Many organizations have been surprised when they find that cyber insurance premiums have gone up and they now have less coverage. Some organizations are not able to renew their insurance pending proof of meeting the insurance company’s requirements that they have the controls needed to protect and defend themselves against cyberattacks. In another organization, a cyber insurance company denied their renewal because they could not clearly identify their cyber risk which the insurance company stat
Intuitive Accountant
AUGUST 21, 2022
To help you keep up with the many innovative features at Intuit, Liz Scott tells you everything you need to know about the new Quickbooks Online Payroll Employee Details screen.
Xero
AUGUST 22, 2022
This week, one of our most highly requested product updates will be going live in Xero Payroll: payroll history. We listened to you, our customers and community, and will be launching the first stage of the feature in Australia – employee records. So, what does this mean? You’ll now have an easy-to-access audit trail of changes made within Xero by a small business owner, advisor or app partner.
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
RogerRossmeisl
AUGUST 23, 2022
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs provide business taxpayers launching a website with some guidance as to the proper treatment of the costs. Plus, businesses can turn to IRS guidance that applies to software costs.
Withum
AUGUST 25, 2022
On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. The Notice also provides relief from certain information return penalties with respect to taxable year 2019 returns that were filed on or before August 1, 2020, and with respect to taxable year 2020 returns that were filed on or before August 1, 2021.
Intuitive Accountant
AUGUST 23, 2022
First in our Payroll and Benefits Software/Apps mini-series is ADP. From basic payroll to a full suite of HR tools, it offers services most small- to medium-sized businesses need.
Going Concern
AUGUST 26, 2022
Because the IRS SWAT team memes your crazy aunt Kathy is spreading on Facebook are getting out of control, the AICPA has stepped forward to clarify: no, there will not be 87,000 armed IRS agents deployed to bang down the doors of American taxpayers. From the Journal of Accountancy : Reaction to increased funding for IRS operations in the Inflation Reduction Act, P.L. 117-169, enacted Aug. 16, has featured “heated rhetoric,” but the act has also prompted real concerns regarding how th
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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.
RogerRossmeisl
AUGUST 21, 2022
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A like-kind exchange is a swap of real property held for investment or for productive use in your trade or business for like-kind investment real property or business real property.
Xero
AUGUST 25, 2022
In just a couple of weeks, accountants and bookkeepers from all over Australia, New Zealand and Asia will descend upon Sydney’s International Convention Centre (ICC) for two days of inspiration, education, connection and fun. You guessed it; we’re talking about the return of Xerocon! After a three-year hiatus, we couldn’t be more excited to bring you – our partner community – together again at the world’s most beautiful and innovative conference for cloud accounting leaders. .
Intuitive Accountant
AUGUST 22, 2022
Intuit has been working on a new QuickBooks migration tool for desktop to online. We told you about some of its efforts last spring—now those efforts are full speed ahead with the new tool.
Withum
AUGUST 26, 2022
You cannot avoid stock market ups and downs. There will always be volatility and changes. Actually, the stock market is a vast auction, and for every seller, there is a buyer. When more people are selling, prices drift downward. When more want to buy, prices increase. Buyers see opportunities where sellers see threats. There are many situations reported in the financial news of some hotshot investors selling stocks that then increase greatly soon afterward.
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
AUGUST 22, 2022
A woman who was arrested earlier today after allegedly shooting three people, killing two of them, in Midtown Atlanta is reportedly a former audit manager at BDO USA. As of 11:40 p.m. ET, police have yet to identify the suspect who, according to the Atlanta Journal-Constitution , was arrested and taken into custody in the international terminal of Hartsfield-Jackson International Airport around 4 p.m.
Ryan Lazanis
AUGUST 22, 2022
Looking for the best accounting practice management software for your firm? Good news, because this is the ULTIMATE accounting practice management software round-up post. Key Takeaways. Get to know the top accounting practice management software and why it is essential for your business. Important categories to evaluate when choosing a workflow management software for your CPA firm.
Intuitive Accountant
AUGUST 25, 2022
Payroll are not the only apps we're covering in our Payroll & Benefits miniseries. That's why our first Benefits feature is 401GO, whose self-declared mission is to ensure every American is retirement ready.
Xero
AUGUST 22, 2022
In case you haven’t heard, Xerocon is back with a bang. From London to New Orleans, and soon, Sydney, this year’s event series is an international tour celebrating our partner community around the globe. Whether you’re a first-timer or veteran, it’s safe to say you can expect the unexpected. After all, it’s been coined the world’s most beautiful and innovative conference for cloud accounting leaders for a good reason.
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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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