Sat.Jan 27, 2024 - Fri.Feb 02, 2024

article thumbnail

How to Price Your Accounting Services | Canopy

Canopy Accounting

The way you price your accounting services shouldn’t be arbitrary. The correct accounting pricing strategy can effectively mean the difference between scraping by and robust growth.

Account 98
article thumbnail

Generative AI for small and midsized firms

Accounting Today

Without breaking the bank, small and midsized firms can make smart investments to adopt AI and tailor it for specific uses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 IRS Red Flags

Insightful Accountant

Audits are unpredictable, with some being random and others based on income, entity structure, or common errors. To minimize audit risk and save time, handle 10 red flags cautiously.

audit 105
article thumbnail

5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

CPAs and accountants are uniquely positioned to help their clients out with a variety of advisory services. That hasn’t changed. However, exactly “what” types of advisory a firm should offer has always been a question. The findings from the new Entrepreneurship in 2024 Report , conducted by Intuit QuickBooks in December 2023, solves for that, providing you a roadmap to help your clients.

article thumbnail

Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

article thumbnail

Top 5 Accounting Insiders Podcasts

Insightful Accountant

We have looked at the stats and here's the list of our top 5 most popular podcasts of all time. If you have not listened to them, grab a cup of coffee and take a break!

Account 52
article thumbnail

A Comprehensive Guide to Building an Optimal Accounting System

Basis 365

In the complex world of business, a robust accounting system supports the foundation of financial clarity and control. It's not just about crunching numbers – it's about crafting a strategic architecture that empowers informed decisions, optimizes operations, and navigates the complexities of compliance. Whether you're a small startup or a seasoned enterprise, building an optimal accounting system requires careful planning, strategic technology integration, and unwavering commitment to financial

More Trending

article thumbnail

Five cash flow trends impacting small businesses

Xero

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.

article thumbnail

Easing Your Back Office Burden One Payroll At A Time

Randal DeHart

As a construction business owner, you have a lot on your plate. You need to manage your employees, oversee projects, ensure compliance with regulations, and keep your clients happy. Amidst all this, you may be tempted to handle your payroll to save costs and maintain control. At face value, it seems like a great idea. If you're a small business owner with just a few employees, you probably think hiring a payroll specialist is an expense you can avoid.

payroll 89
article thumbnail

How to Pay Employees: The Different Ways to Pay Your Employees

Patriot Software

How do you pay your employees? With checks? Direct deposit? Other? There are several ways to pay employees, especially as money continues to move into the digital sphere. If you want to know how to pay employees, take a look at these ways to pay your employees. And boy, do you have options.

payroll 73
article thumbnail

Hot Topics: Sellers and marketplace facilitators | TaxConnex

TaxConnex

Every now and then something comes along that transforms sales tax. The 2018 Wayfair decision was such a milestone. Another was the advent of the likes of marketplace facilitators such as Amazon, Etsy and eBay, among others. States’ definitions of a “marketplace facilitator” vary almost as much as states’ sales tax laws themselves. Generally, a marketplace facilitator is a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail

Iowa 264
article thumbnail

Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

article thumbnail

The Nuances of Measuring ARR at Early-Stage SaaS Startups

BurklandAssociates

Are you undervaluing your SaaS startup by following an ARR formula better suited for more mature companies? The post The Nuances of Measuring ARR at Early-Stage SaaS Startups appeared first on Burkland.

173
173
article thumbnail

Reshaping the pyramid

Accounting Today

The accounting profession is in the midst of a vast experiment with a host of new ways to structure how firms are owned and managed.

Account 136
article thumbnail

Acterys xP&A Suite Enters the Gartner Magic Quadrant for Financial Planning Software

Acterys

Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.

article thumbnail

House Passes Tax Relief Act With a Decisive Bipartisan Vote

Withum

The House of Representatives passed Rep. Jason Smith’s sponsored bill H.R. 7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. While the decisive vote helps to focus the Senate discussion, the ability and timing for the Senate to vote on the bill remains unclear. The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental expenditures

Tax 124
article thumbnail

Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

article thumbnail

PwC Admits the Next PCAOB Inspection Report Won’t Be Great

Going Concern

In an audit quality report released last week [ PDF ], the once flawless PwC admits its next PCAOB inspection report will be twice as bad as the last one. That’s not so terrible though, PwC has proven in recent years they are superior to all other auditors when it comes to avoiding deficiencies from the PCAOB — in 2020, PwC had a record-low 1.9% deficiency rate with just one mistake found in 52 audits inspected.

audit 120
article thumbnail

House passes bill expanding Child Tax Credit and business breaks

Accounting Today

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

Tax 131
article thumbnail

Acterys xP&A Suite Enters the Gartner Magic Quadrant for Financial Planning Software

Acterys

Innovative Features and Seamless Integrations Help Acterys Secure Its First Magic Quadrant Appearance (Chicago, Il., January 26, 2024) – Acterys, a leading provider of financial planning software, is proud to announce its inclusion in the Gartner Magic Quadrant for Financial Planning Software. This recognition highlights Acterys’ commitment to delivering innovative solutions that streamline and automate financial planning processes for organizations worldwide.

article thumbnail

Three Skills Every Accountant Needs to Differentiate and Scale Their Firm

CPA Practice

By Adam Lean. It used to be that all an accountant had to do to earn respect, win over new clients, and have a growing firm was simply be a great accountant. Those days are over. They’re over for a few reasons: Reason #1: Most clients don’t value accounting as much as we think they should. Reason #2: Most clients (especially business owners) would rather their accountant give them advice (instead of simply being a recorder of the past).

Account 119
article thumbnail

Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

article thumbnail

Kevin Baldus Joins Anders as Chief Information Officer

Anders CPA

Anders welcomes Kevin Baldus as the firm’s new Chief Information Officer. Kevin’s addition to the leadership team supports the firm’s strategic focus on leveraging technology to enhance client service, streamline internal processes and drive innovation. As CIO, Kevin will help the firm improve internal processes, mitigate cybersecurity risk, increase efficiencies and help transform the way business is done through technology in line with the firm’s strategic plan.

article thumbnail

IRS kicks off tax season with extended hours, service and tools

Accounting Today

The Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online.

Tax 131
article thumbnail

4 Efficient Growth Strategies for Technology Businesses

Cherry Bekaert

For technology companies, “efficiency” isn’t just another buzzword. It’s a strategic imperative, and the pursuit of efficiency has emerged as a critical factor in driving sustainable growth. Our “Year of Efficiency” podcast series recently featured four key areas in which technology company CEOs and CFOs should focus on in the continual quest for improved business processes and substantial growth.

article thumbnail

Report: Small Businesses Continue to Add New Jobs in January 2024

CPA Practice

According to the Paychex Small Business Employment Watch, January marks the 34th consecutive month of job growth for U.S. small businesses. Wage growth for workers continues to stabilize in the new year with hourly earnings growth remaining essentially unchanged since November at 3.47%. “As we begin 2024, job growth in small businesses is continuing at a steady pace,” says John Gibson , Paychex president and CEO.

Tennessee 119
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

article thumbnail

CPA Evolution Update: What You Need to Know About Scores and Credit Extensions

Going Concern

NASBA held a quick little webinar yesterday on CPA Evolution and although I had a million other things I’d rather do, I sat in on it to bring you any important information. Let’s get right into it and preface all of this by saying if you have any questions or concerns about anything you see here or are unsure it applies to you, always check with NASBA and/or your state board for the most accurate and up-to-date information.

CPA 111
article thumbnail

Problems found in new IRS online 1099 portal

Accounting Today

The Internal Revenue Service has been working to resolve a problem that was preventing businesses and tax professionals from using a new online portal where they could file their 1099 forms for free.

Tax 130
article thumbnail

Tax Compromise Passes House Vote

Insightful Accountant

The US House of Representatives overwhelmingly passed a $78,000,000,000 "extenders bill" this week.

Tax 111
article thumbnail

IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. The final regular day of the 2024 tax season is April 15, 2024, although almost all tax filers can receive an automatic six-month extension if they apply for one. 2024 Tax Refund Calendar: How to Estimate When You May Receive Your Refund With the st

article thumbnail

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

article thumbnail

Another Accounting Firm Has Had Its Data Breached

Going Concern

Just when you think “hacker” stock photos couldn’t get any dumber. This is not a practical outfit for hacking activities, come on. Without bothering to search our archive of 16,000+ posts published since 2009, it’s a safe guess that we’ve never written about (revenue >$5 million) of Scottsdale, Arizona. But we are today!

article thumbnail

Preparers mixed on IRS improvements

Accounting Today

With the agency touting improved service and response times, tax practitioners are acknowledging the gains, but still see room for more.

Tax 129
article thumbnail

HLB International Named Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International

Withum

Withum’s global advisory and accounting network, HLB International, has been named the Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International (CFI). Pictured: Dave Springsteen, Withum Partner Emeritus, HLB Global Tax, Surabhi Bansal, Shannon Smith, Kimberlee SP Murphy, Partner, Withum International Services Practice Leader, Christian Jahndorf, Nick Farmer.

Tax 111
article thumbnail

Tax Court Says Group Overshot on the Augusta Rule

CPA Practice

Under the so-called “Augusta rule,” homeowners can avoid any tax consequences for certain short-term rentals. However, in a new case, Sinopoli, TC Memo 2023-105, 8/14/23, the shareholders of an S corporation got greedy when they claimed six-figure deductions for rent paid to hold business meetings at their homes. Let’s start with this basic tax premise.

Tax 115
article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.