AccountingDepartment
AUGUST 9, 2022
As a company grows and evolves, business leaders and key personnel may spend more and more time devoted to bookkeeping and accounting activities than they would prefer. Some small business owners spend more than half their time managing the company's finances.
TaxConnex
AUGUST 11, 2022
A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated. New York: An appeals court ruled last month against a company that claimed eligibility for sales tax refunds on several purchases of concrete. The petitioner argued that its purchases of concrete were for a nontaxable service provided by the seller that would also provide the installation of capital improvements to real property, rather than a taxable delivery of
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Canopy Accounting
AUGUST 9, 2022
Content marketing is a tool that can help increase traffic to your website, build trust with your audience and boost SEO rankings. Let’s take a look at how these things can be accomplished.
DuctTapeMarketing
AUGUST 10, 2022
10 Critical Elements Your Website Must Employ Today written by John Jantsch read more at Duct Tape Marketing. Many people assume that a website's purpose is to get new clients. Just create high-quality product pages, write a little content, add a CTA button then sit back and see if it works. Yet the primary goal of a website isn’t only to obtain new clients.
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.
Acterys
AUGUST 12, 2022
Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and
RogerRossmeisl
AUGUST 9, 2022
What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median loss skyrockets to $145,000.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
TaxConnex
AUGUST 9, 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. Holiday hucksterism? State sales tax holidays fail to live up to the hype. That’s the consensus of a recent report from the Institute on Taxation and Economic Policy, which notes that “so far this year 20 states have decided to forgo a combined $1 billion in vital tax revenue?
Acterys
AUGUST 12, 2022
Over the last 7 years, Power BI has developed into the predominant self-service analytics solution. It was b uilt for analyzing data, but the visualization and data modelling capabilities also make it the perfect platform for collecting data down to very sophisticated x P&A ( Extended Planning & Analytics) processes. The key arguments here are not just the unsurpassed visualization options that also enable dramatic improve ments for planning processes but also the ease of deployment and
RogerRossmeisl
AUGUST 9, 2022
As posted to the Munro Live YouTube Channel on 8/1/2022 (Run Time 49 min, 46 sec) Ford CEO Jim Farley, Linda Zhang (F-150 Chief Nameplate Engineer), and Doug Field (Chief Officer of EVs and Digital Systems) deliver Munro & Associates a Ford F-150 Lightning and sit down for a down-to-earth interview with Sandy Munro to discuss, among other things, urgent changes necessary to avoid a financial calamity in the transition to EVs.
PANALITIX
AUGUST 10, 2022
RESOURCES / ARTICLES. Offshoring: Not New… but Increasingly Mainstream. We are helping lot of Accountants with outsourcing their work, especially to ‘offshore’ locations. This is not a new topic… but there is more momentum than ever before so let’s look at offshoring in more detail. Why consider offshoring in the first place? Here are our top 6 reasons: 1.
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.
Going Concern
AUGUST 8, 2022
Came across this on r/big4 this morning, let’s remember half of what you see on Reddit is just someone’s creative writing exercise and people who claim to make $200k/yr are often 14-year-old larpers but hey what kind of weirdo would pretend to be a Big 4 manager on the internet. Read on. I don’t think that this is talked about enough, and as a manager, I wanted to give my two cents on what I wish I was told back when starting my career.
Withum
AUGUST 12, 2022
“Hello, babies. Welcome to Earth. It’s hot in the summer and cold in the winter. It’s round and wet and crowded. At the outside, babies, you’ve got about a hundred years here. There’s only one rule that I know of, babies—: “‘…you’ve got to be kind.'” This is from God Bless You, Mr. Rosewater by Kurt Vonnegut.
RogerRossmeisl
AUGUST 9, 2022
Reasonable (or replacement) owners’ compensation can be a hot button during IRS audits, divorces, shareholder disputes and other litigation matters involving the value of a private business. What’s appropriate depends on the facts and circumstances. Applying federal tax guidance The IRS is on the lookout for C corporations that pay employee/shareholders excessive salaries in place of dividends.
Intuitive Accountant
AUGUST 11, 2022
Internationally renowned ProAdvisor Esther Friedberg Karp shares a personal—and prevalent—story about why you (accountants, advisors, family) need to be prepared when the inevitable happens.
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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
AUGUST 10, 2022
3 Excel tasks, 1 winner. All-star Excel esports battle! Excel esports on ESPN show world the pain of format errors [ Ars Technica ]. The post ICYMI: There Was an Excel All-Star Battle on ESPN appeared first on Going Concern.
xendoo
AUGUST 12, 2022
If you’re a small business owner, you know that keeping track of all the moving parts can be challenging. Most small business owners keep track of their profit and loss statement , but the owner’s equity is equally important (and often overlooked). . In this guide, we will explain what owner’s equity is and how to calculate it. We will also give tips on how to grow your equity and protect it from potential risks. .
Snyder
AUGUST 12, 2022
What does an accountant do? What are bookkeeper duties? These topics remain hot because there’s often a lot of confusion about it. As a small business owner, you have to do your best to allocate your resources wisely. Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience.
Anders CPA
AUGUST 11, 2022
Anders Managing Partner Robert Minkler, Jr. has been recognized by Accounting Today as a 2022 Managing Partner Elite honoree. Each year, Accounting Today evaluates firm leaders who innovate and continue to move their firms and the industry forward. The MP Elite understands disruption and evolution is a key factor in their success. . According to Accounting Today, while the events of the last few years pushed many CPA firms out of their comfort zones, the 2022 Managing Partner Elite had marched t
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
AUGUST 9, 2022
Why do people post this crap on LinkedIn. via r/accounting. Thanks for doing your part to feed the pipeline, ma’am. The post Everyone Knows 11-Year-Olds Can’t Wait to Work at Deloitte appeared first on Going Concern.
Reckon
AUGUST 10, 2022
“Stitchery & Co. has been around for five years. It started out as a small business, just me teaching sewing, and now it’s grown into something that is a creative hub for lots of people.”. Possessing creativity in a business setting is a highly prized soft skill. Having the ability to create meaningful connections and dream up solutions to obstacles will serve any business owner well.
CTP
AUGUST 11, 2022
By Dominique Molina, CPA MST CTS. Have you asked yourself, do I really have to study tax planning? Can’t I just select a software providing Artificial Intelligence to inform me what to do? If you’ve read my articles about tax planning before, no doubt you’ve read my description of tax planning software as an instrumental tool. It can provide valuable insights such as data extracted from your tax returns, calculation of minimum required estimated tax payments, and even a few tips to save annual
Intuitive Accountant
AUGUST 10, 2022
Are you fully compliant with IRS Guideline 4557? The updated form, W-12, is asking you to confirm the adequacy of your systems and procedures to protect against data breaches.
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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
AUGUST 11, 2022
If there’s anything we love here at Going Concern it is an accounting firm dick-measuring contest. Or a “p **g match” should you prefer a milder phrase. Whatever you call it, we love when firms are pitted against one another based on impartial metrics like revenue. INSIDE Public Accounting has blessed us with a fresh Top 500 Firms list which means lots and lots of measuring. 500!
ThomsonReuters
AUGUST 11, 2022
Notice 2022-33, 2022-34 I.R.B. __ (Aug. 22, 2022). Available at [link]. The IRS has extended the deadlines for adopting retirement plan amendments to reflect certain provisions of the SECURE Act and the CARES Act. As background, under the SECURE Act, the plan amendment deadline for most plans is the last day of the first plan year beginning on or after January 1, 2022 (2024 for governmental and applicable collectively bargained plans; see our Checkpoint article ).
Reckon
AUGUST 10, 2022
You’ve probably heard that the hot new ticket in town is the hard to pin down ‘NFT’ or non fungible token. If you’re confused about what NFTs are and why you should care, you’re not alone. So, let’s shed some light on the blockchain’s newest spawn – the non-fungible token! Are they art? Are they a new mode of ownership? Are they a type of cryptocurrency?
Anders CPA
AUGUST 9, 2022
Annual gifting is a valuable part of most estate plans. With increased gift and estate tax exclusions in 2022, now is a great time to review your estate plan to make sure you’re taking advantage of ways to lower your taxable estate. Below we cover the details of the current gift tax exclusions, increased exemptions for 2022, the limited application of anti-clawback rules and why you should consider gifting now.
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 11, 2022
Last month KPMG made a big deal in a press release about how it had added eight partners and managing directors to “ advance its Tax Reimagined service offering. ” Good for you, KPMG. But what ’ s somewhat interesting is that the eight new partners and managing directors came from two other Big 4 firms, one of which was PwC. We even got a tip about this!
ThomsonReuters
AUGUST 11, 2022
LifeNet, Inc. v. HHS, 2022 WL 2959715 (E.D. Tex. 2022). A federal trial court has again vacated key portions of the interim final regulations implementing the independent dispute resolution (IDR) provisions of the No Surprises Act—this time relating to air ambulance services. As background, the No Surprises Act, enacted as part of the Consolidated Appropriations Act, 2021 (CAA), expanded patient protections to shield individuals from surprise bills for certain out-of-network emergency and non-em
Reckon
AUGUST 8, 2022
Crypto currency has exploded in popularity the world over. Whether used as an investment, store of value or to disconnect from the worlds fiat banking system, crypto is all the rage. Whether you’re already investing in currencies like Bitcoin or Ethereum, or perhaps considering dipping a toe in the pool, you need to understand the tax implications in Australia.
Dent Moses
AUGUST 9, 2022
We’re all familiar with soaring home prices. In addition to the normal moves associated with life changes, this has many people wondering if now is the time to sell. We’ve had a number of calls from clients asking about the tax consequences of a residence sale. First, what constitutes a personal residence? It’s where you live the majority of time – true fixed and permanent home.
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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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