CPA Practice
MARCH 29, 2023
By Kristen Keats, CPA. The accounting profession has been seeing a shift over the last few years where firms are moving away from compliance and leaning into providing advisory services year round. This shift has been spearheaded by customers wanting more guidance and financial support from their tax professionals instead of only a tax return once a year.
Mark Lee
MARCH 28, 2023
Many accountants claim that they secure much of their new work through word of mouth referrals. This suggests that clients are making positive comments about their accountants. They may do that if they’re particularly happy but in the same way any unhappy clients will be quick to complain about their accountants. I’ve heard a large number of people talking about their accountants in recent years and it’s fair to categorise those views as good, bad, or most often, indifferent.
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Going Concern
MARCH 27, 2023
It occurred to me the other day as I was setting up my bullet journal spreads for next month that it is almost April. How’d that happen? As I was casually drawing out colorful little calendar boxes, checklists, and doodles without a care in the world I remembered that there are a good number of people out there for whom doodling is way, way down the list of things they have time to do (sorry).
Withum
MARCH 29, 2023
In celebration of Women’s History Month, Withum’s Women in Financial Services Team is spotlighting some dynamic female leaders in the industry. With dedication, hard work, and collaboration, these women continue to break barriers, ensuring that they and those who come after them have a rightful seat at the table. An overarching theme among women leaders is the importance of advocating for other women and celebrating each other’s accomplishments.
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.
Shay CPA
MARCH 29, 2023
Does thinking about filing your taxes put some tension on your shoulders? If so, it’s probably because you’ve had a less-than-ideal filing experience in the past. And in most cases, those unwelcome filing instances come from surprises. Or you might be feeling stressed because you don’t know what to expect. Either way, we can help. By giving you a heads-up in some key areas, we can make filing your tech company’s 2022 taxes gets a whole lot easier — and less stressful.
AccountingDepartment
MARCH 29, 2023
Considering the need for a financial controller for your business? To help you solidify the decision, learn more about the duties of a financial controller and the benefits of partnering with an outsourced client accounting services (CAS) provider to make it even easier!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
MARCH 27, 2023
For many accountants, busy season can certainly feel more like “survival season” – last year, nearly 200 million individual and business tax returns were filed , with accountants shouldering a large portion of the work. Now, with accounting firms facing talent shortages and growing workloads, the effort required for this tax season may seem positively Herculean.
Insightful Accountant
MARCH 29, 2023
A national survey by Trullion highlights major accounting pain points, including handling the talent gap, making time for strategy and life after a recession.
IgniteSpot
MARCH 28, 2023
Our firm has turned to three tools—BILL (formerly Bill.com), Divvy, and Rippling—to add more stability for our clients and organization in our workflow. Each tool cuts down on the back-and-forth with clients and stabilizes the confirmation process for cash outflow in our client's organizations. Each tool provides something different, with the goal of gaining more efficiency in recurring workflows, but each emphasizes approval and resource allocation levels.
RogerRossmeisl
MARCH 30, 2023
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax code. This includes amounts received in a lawsuit or a settlement and in a lump sum or in installments.
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.
BurklandAssociates
MARCH 27, 2023
Understanding how new capital will dilute existing shareholders before a round happens is a core responsibility of any startup CEO. The post What Founders Need to Know About Dilution appeared first on Burkland.
Airbase
MARCH 31, 2023
Airbase is the highest-ranked mid-market spend management platform on G2 for the fourth quarter in a row! We hold the coveted top position on the Mid-Market Grid ® Report for Spend Management, Spring 2023. G2 classifies mid-market companies as those with 51 to 1,000 employees. And we hold the number two position overall for spend management, right behind Navan, who sits in the #1 spot for the Enterprise Grid.
TaxConnex
MARCH 28, 2023
We recently completed our third annual client survey and are excited to announce that we have received a world class NPS score of 91! This is the third year that our NPS score has been labeled as world class, but this was our highest score yet, almost 10 points over previous years. Net Promoter Score ® (NPS ®) is calculated based on responses to a single question, “How likely is it that you would recommend our company/product/service to a friend or colleague?
CPA Practice
MARCH 27, 2023
By Faustine Ngila, Quartz (TNS) Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate tax regimes may be considerably lower than those of other countries globally, at 60%, Côte d’Ivoire’s income tax rates are markedly higher compared to developed countries.
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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.
BurklandAssociates
MARCH 28, 2023
Early-stage companies often rely on their banks or venture backers for financial guidance, but many now see the benefit of independent advice in managing their capital. The post New WSJ Article Underscores the Value of Fractional CFOs for Startups appeared first on Burkland.
Airbase
MARCH 30, 2023
Michael Scarpelli’s career path has been as unique as the snowflakes his company is named for. From a stint in Italy, to uncovering extensive fraud, and taking three prominent companies public — including the biggest SaaS IPO in history — his wide range of experiences made for a fascinating Path to Becoming a CFO session. Launching a career. The possibility of travel was initially what drew Michael to finance.
Withum
MARCH 30, 2023
As of March 29, 2023, the IRS has published five documents expressing that the employee retention credit (ERC) is rife with fraud because of unscrupulous tax credit shops. See October 19, 2022 (press release); November 7, 2022 (COVID Tax Tip); March 7, 2023 (press release); March 7, 2023 (OPR Memo); March 20, 2023 (IRS adds promoter claims involving the ERC to its Dirty Dozen list of tax scams).
CPA Practice
MARCH 29, 2023
The Internal Revenue Service warns that trusting tax advice found on social media can lure otherwise honest taxpayers and tax professionals into compromising tax situations. Social media can circulate inaccurate or misleading tax information, and the IRS has recently seen several examples. These can involve common tax documents like Form W-2 or more obscure ones, like Form 8944 that’s aimed at a very limited, specialized group.
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
MARCH 30, 2023
McKinsey & Co. is joining KPMG , BDO USA , and Accenture in culling the consulting herd. Like Accenture, McKinsey doesn’t get much lip service on this website but it is worth talking about here because cuts from non-Big 4 consulting firms reflect the overall health of the consulting market which therefore effects the firms we do write about.
Xero
MARCH 26, 2023
It’s safe to say that artificial intelligence (AI) is now part of common language and everyday life. But while we’ve all heard of the term, not everyone really knows what it is or how to use it (or rather, whether it can be useful for them). Believe it or not, the term ‘artificial intelligence’ has been with us since as far back as 1955, when a number of academics and professionals in the field of technology first proposed a study of the term.
Withum
MARCH 29, 2023
It was the best of times; it was the worst of times for New York Met Fans. On December 2nd, 2022, long-time Met’s pitcher Jacob deGrom signed a 5-year contract worth $185 million with the Texas Rangers. The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings.
CPA Practice
MARCH 31, 2023
Tim Fernholz, Quartz (via TNS). Sometimes it seems like billionaires can dominate our lives—or at least the news. A mystery in U.S. tax data, however, suggests at least one super-wealthy individual flew under the radar until the very end. The U.S. Treasury’s daily reports of government financial transactions turned up a surprising data point on Feb. 28, 2023: The deposit of $7 billion in the category of “estate and gift” taxes.
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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
MARCH 30, 2023
As accounting firms dig deep into their pockets to raise starting salaries and the profession’s biggest egos brains figure out new and exciting ways to ease the accountant shortage, there are things that you, as an accountant, can do right now to make a difference. Although it may not feel like you can make a difference, in the aggregate all of you operating as a unit can move the needle and in turn illuminate the path to accounting as a promising career full of okay-ish earning potential
Accounting Insight
MARCH 30, 2023
With 2023 now well underway, we’re beginning to see changes in how practices approach their use of cloud, as they navigate past historic challenges to take advantage of the opportunities the cloud offers. The cloud was once viewed as mainly a cost-savings-focused technology model, allowing businesses to control and even optimise expenditures to get more out of their IT budgets.
Insightful Accountant
MARCH 26, 2023
QuickBooks Desktop users can take advantage of the benefits of QuickBooks Online without having to start over using a QBO Payroll (payroll only) Subscription.
CPA Practice
MARCH 31, 2023
Technology continues to be a driver of growth for today’s successful accounting practices, and professionals know it, with a recent survey showing that 86% of respondents agree that technology will play a significant role in the growth and expansion of their practices in the next year. The survey was sponsored by Intuit Inc., a global financial technology platform that makes several professional, business and consumer tax and financial management systems.
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
MARCH 28, 2023
KPMG Australia has joined PwC in deploying AI to get some work done, finally giving us the “robots taking your job” scenario we’ve been eager for since at least 2010. It’s here! Funny enough, KPMG blocked staff from using ChatGPT a little less than two months ago, though it did allow certain IT professionals to play around with it for the purpose of discovering use cases.
Withum
MARCH 30, 2023
Withum is proud to share that three team members have been named on ROI-NJ’s Influencers: Women in Business List for 2023. Carleen Gaskin , Jessica Hollobaugh and Nicole Lyons of the Forensic and Valuation Services team were all named by the New Jersey business publication on their annual Influencers list. The Women in Business Category celebrates female business leaders across industries who excel in their roles and serve as leaders and mentors for the next generation.
Xero
MARCH 30, 2023
Over recent years, the world of accounting and bookkeeping has evolved with the times. From advancing business models to offering expanded services to be able to meet new client demands; change has been a constant for the industry. The biggest shift, however? Alongside small businesses, many practices have digitalised rapidly to keep pace with today’s environment.
CPA Practice
MARCH 29, 2023
Reade Pickert Bloomberg News (TNS) U.S. consumer confidence unexpectedly improved in March as Americans grew more optimistic about the outlook for business conditions and the labor market. The Conference Board’s index increased to 104.2 from a 103.4 reading in February, data out Tuesday showed. The median forecast in a Bloomberg survey of economists called for the gauge to fall to 101.
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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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