Snyder
JUNE 27, 2022
However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. These two ledger lists are available on your balance sheet and indicate how well your business is performing. They act as two sides of an equation – if you neglect either side, it will affect the financial health and stability of your venture.
Going Concern
JULY 1, 2022
Yesterday we retweeted an observation about how the smartest people work at Big 4 firms hoping for some good discussion and discussion did in fact ensue. Decent discussion, actually. It warms my cold black heart to know that at least in our little corner of the internet people with differing opinions are still capable of having a healthy conversation among themselves.
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TaxConnex
JUNE 28, 2022
Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates. Exemptions are statutory exceptions eliminating the need for the retailer to collect sales tax on a particular transaction or on all transactions with a customer.
RogerRossmeisl
JUNE 26, 2022
On 6/1/22, the IRS made available an update to the “Cost Segregation Audit Techniques Guide” (Publication 5653). Originally issued in 2004, the purpose of the Audit Techniques Guide (ATG) was to offer guidance to IRS auditors auditing cost segregation studies. Because the ATG is an interpretation of the law, as opposed to the law itself, it cannot be cited as precedent.
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.
MyIRSRelief
JULY 1, 2022
Are you in need of a tax preparation expert in Santa Fe Springs? More than enabling your problem to grow and acquire more fees, penalties and fines, we can help you with your business bookkeeping and tax preparation needs. We are a firm with experts in auditing and resolving IRS issues, we can help you find solutions to your tax problems. You need an expert in tax preparation services in Santa Fe Springs in California to enable your business to find the appropriate tax resolution and get help.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Acterys
JUNE 27, 2022
We have done it again. Acterys has been included in the Top-Rated Performance Management Vendors for 2022 by BPM Partners. Last year, Acterys entered the ring as the Best New Vendor in the Annual BPM Pulse Awards 2021. Acterys is now a returning champion securing an overall Excellent 4.6 rating for overall customer satisfaction and a whopping 94% user recommendation rate.
BurklandAssociates
JUNE 27, 2022
Gross margin is a critical metric for SaaS startups to measure and improve. Low margins aren’t healthy or sustainable for most SaaS companies, and gross margin is one of the Read More. The post Improve Your SaaS Gross Margin appeared first on Burkland.
Withum
JUNE 27, 2022
Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. While the inclination can often be to consider the cleanup of accounting records to be an annual process, there are real benefits to a business in having a month-end close process.
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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.
Going Concern
JUNE 29, 2022
With the EY cheating scandal making headlines even outside of our precious little accountosphere we decided to take a look at the full SEC order to answer the question — how and why were EY auditors cheating on CPE exams? This post will be long so we’ll get deeper into the CPA ethics portion of the cheating debacle in another article. The long and short of it is, EY auditors trying to shortcut CPE took advantage of a software exploit.
Xero
JUNE 30, 2022
Our teams have been busy adding lots of value across our platform over the past month, including enhancements to Hubdoc, short-term cash flow, tax updates in the UK and more. We’re also getting some fantastic feedback on our latest features in new reports — especially sticky headers and report annotations. If you haven’t tried new reports yet, it’s a great time to give them a go.
Withum
JUNE 28, 2022
Last week I posted a letter to a friend about getting a new will. I spoke to him and a few others about my blog, and I also received some emails thanking me for posting it. I also got requests for checklists. So, I will send my Getting Your Affairs in Order Tool Kit to anyone requesting it at GoodiesFromEd@withum.com. Just put “Getting Affairs in Order Tool Kit” as the Subject.
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.
Going Concern
JUNE 29, 2022
The hardworking human beings at Audit Analytics have released their analysis of initial public offering trends and IPO auditor market share for the first quarter of this year , a period in which the number of companies going public was minuscule compared to Q1 of 2021. All told there were 84 IPOs on the New York Stock Exchange and Nasdaq between Jan. 1 and March 31, raising a total of $11.3 billion, compared to the 407 IPOs in the first quarter of 2021 , which raised nearly $134.7 billion.
Intuitive Accountant
JUNE 26, 2022
As we say goodbye to this year’s ‘Scaling New Heights,’ Liz Scott looks at the conference’s common goals, technology solutions, education, and even germs.
Withum
JUNE 30, 2022
Withum’s Enterprise Resource Planning (ERP) and Management Consulting Services Teams were featured by CIOReview as the cover story and named one of the 10 Most Promising Enterprise Resource Planning Consulting/Services Companies in the publication’s Special ERP Issue in June 2022. Withum assists enterprises in deriving the best value from their ERP systems and add-ons– from ERP implementation strategy to application optimization and support.
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.
Going Concern
JUNE 27, 2022
What kind of monster does this?! via r/accounting. That very edition — published in 2008 — is going for $50 used on Amazon and people have left reviews for it as recently as last year. This find could be a score for the right person! Is leaving accounting textbooks a nefarious plot to scare even more people away from accounting ? Hmmm… The post Would Whoever Is Leaving Accounting Textbooks in the Little Free Library Please Stop Immediately?
Xero
JULY 1, 2022
If you’re a VAT-registered small business owner, you may have heard the soft thwump of a letter landing on your doormat this past week, emblazoned with four familiar letters: HMRC. That’s right, it’s time for a gentle nudge/firm reminder that your business must now comply with government legislation Making Tax Digital (MTD) for VAT. . Part of a wider government initiative to simplify the tax system and make it easier for taxpayers to get it right, MTD for VAT requires affected individuals and bu
ThomsonReuters
JULY 1, 2022
In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about overtime. Important overtime happenings. As mentioned in the last edition, the U.S. Supreme Court has agreed to decide whether a supervisor of offshore oil rig workers is entitled to overtime pay under federal law even though he earned more than $200,000 a year [ Helix Energy Solutions Group Inc v.
Speaker: Debra L. Robinson
CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.
Going Concern
JUNE 30, 2022
Today is Kelly Grier’s last day building a better working world. So in honor of her retirement, we wanted to take a look back at KG’s career at EY, especially the last four years as the firm’s U.S. chair and managing partner and Americas managing partner, and all the fun Kelly Grier moments (fun for us, not so much for her) we decided to write about.
Anders CPA
JUNE 30, 2022
Anders recently announced annual employee promotions across the firm, from audit and assurance to tax, advisory and operations. These individuals are being recognized for their professional achievements and ability to live the firm’s core values by delivering outstanding results for our clients and community. Join us in congratulating our recently promoted employees!
SchoolofBookkeeping
JUNE 29, 2022
QuickBooks Online uses an Invoice Tracker to keep track of the online status of your invoices. The Idea is when you send an invoice, you will be able to confirm it was sent, seen, paid, and deposited. Sounds awesome, right? In theory, it works well, but when issues arise to the resulting payment, the Invoice tracker can be stuck, and show a nasty "NEEDS ATTENTION" alert on the invoice on your home screen or the invoice.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Going Concern
JUNE 27, 2022
Australian Financial Review said this morning they are in possession of tax salary data that EY is providing to some of its teams internally : Staff in EY’s tax division have learnt for the first time the salary ranges paid for graduates, consultants, managers and directors as part of a pay transparency drive at the big four firm. A former EY partner said the rates were “disturbingly low”.
ThomsonReuters
JUNE 30, 2022
QUESTION: We’ve heard that our company’s group health plan must make public transparency disclosures that include MRFs. What are MRFs, and how often do they have to be updated? ANSWER: The agencies use the acronym “MRF” to refer to the machine-readable files that must be made public as part of the ACA’s price transparency requirement. Under implementing regulations issued in November 2020, most health plans and insurers in the individual and group markets must make transparency in coverage (Ti
Anders CPA
JUNE 28, 2022
The Employee Retention Tax Credit (ERTC) has helped many businesses retain employees and recover from the effects of the pandemic. While the Infrastructure Investment and Jobs Act retroactively ended the ERTC for most businesses, eligible companies have three years after the program ends to look back at wages paid and claim the credit. Below is a flowchart to help determine if you can still take advantage of the ERTC.
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