Going Concern

DECEMBER 26, 2022

CBS News crunched some Payscale data and by some miracle, accounting ranked #52 on this list of the 60 highest-paying majors. Because we anticipate people might ask for proof of this, we have screenshotted accounting’s entry on said list. Text: Accounting isn’t just accounting anymore. Experts must perform multiple functions at once — and that’s where the accounting and computer systems major comes in.

Oregon 105

Oregon Account accounted accountant 105

Snyder

DECEMBER 27, 2022

Freelance accounting is increasing in popularity. With the rise of online platforms like Upwork, Fiverr, and Remote.co, more and more people are working remotely to offer their services to businesses worldwide. This means that nowadays, freelancers have greater opportunities to find work and grow their businesses faster. Even if online accounting is something you’ve done for years, becoming a freelancer may seem tricky to begin with.

Account 98

Account accounted accountant accounting and finance 98

IgniteSpot

DECEMBER 27, 2022

4 Key Differences Between a Controller and a CFO. Repeat after us: Controllers and CFOs are not the same. The two might have occasional overlaps in duties, but they approach your business operations and processes from different perspectives. Think about what makes controllers and CFOs stand apart.

Account 94

Account accounted accountant 94

TaxConnex

DECEMBER 29, 2022

New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. The year opened right after the second annual TaxConnex survey. Almost three out of four respondents reported that online sales as a percentage of revenue had increased since 2019 – no doubt fueled by pandemic eCommerce.

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Sales Tax Maryland Louisiana 130

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.

Account

Accounting Today

DECEMBER 26, 2022

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Account accounted accountant 98

Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. In fact, according to the IRS data , only about 1 percent of taxpayers are facing an audit. If you’re a small business owner, however, your chances are a bit higher – about 2.5 percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit.

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audit Tax tax return auditor 98

TaxConnex

DECEMBER 27, 2022

Sales and use tax nexus is defined as a connection between a person or entity and a taxing jurisdiction. Sales tax nexus is the basis for all your sales tax decisions because without sales tax nexus you have no further obligation to a state. If you determine your products/services are taxable and you have nexus, then you must register, begin charging and collecting sales tax and file and remit returns to all the states and jurisdictions in which you have nexus.

Sales 246

Sales Tax Non-Profits Maine 246

AccountingDepartment

DECEMBER 27, 2022

Startup founders and managers rightfully question whether it is prudent to outsource accounting and bookkeeping or keep the work in-house. Chart out the positives and negatives of outsourcing accounting/bookkeeping projects and you’ll find the positives are significantly greater in number.

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Start-ups bookkeeping Account accounted 75

Basis 365

DECEMBER 28, 2022

Small business owners can use payroll services to manage their tax filings and pay their payroll. However, outsourcing to a third-party payroll service provider is better than trying to handle payroll as you grow. It doesn't matter if you outsource for the first or second time. These ten questions will help you choose the right payroll service provider.

payroll 97

payroll quickbooks Technology payroll tax 97

DuctTapeMarketing

DECEMBER 30, 2022

4 Steps to Creating a Successful Agency Marketing System written by John Jantsch read more at Duct Tape Marketing. Running a successful marketing agency is no easy task. It requires careful management of resources, strategic planning, and keeping up with the latest trends and technologies. But, in order to stand out from the competition and make your mark, you need to have a winning marketing system in place.

Start-ups 174

Start-ups Technology 174

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.

Account

Acterys

DECEMBER 29, 2022

We are thrilled to announce the latest release of our platform: Acterys v22.2! In the past six months, tremendous efforts went into the improvement of all Acterys components. With the Acterys Modeller, we embarked on moving to a completely new development platform with the benefits of unparalleled speed and usability that result in faster “time to value” and streamlined operations.

Gaming 130

Gaming Start-ups Account accounted 130

BurklandAssociates

DECEMBER 27, 2022

Thank you to all the experts throughout the startup ecosystem who joined our Startup Success podcast in 2022 to share knowledge and insights. The post Listeners’ Favorites: Our Top Startup Success Episodes of 2022 appeared first on Burkland.

accountant 130

accountant accounted Account 130

Going Concern

DECEMBER 29, 2022

Uh-oh, this can t’t make Joe U., Lara Abrash, and other Deloitte audit folks happy (bold part added by us for emphasis): In the 2021 inspection of Deloitte & Touche LLP, the PCAOB assessed the firm’s compliance with laws, rules, and professional standards applicable to the audits of public companies. We selected for review 54 audits of issuers with fiscal years generally ending in 2020.

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audit financial statements Account accounted 135

Intuitive Accountant

DECEMBER 27, 2022

Murph provides a first look at this year's totally new Formal Application that our qualified nominees will complete on. A big part of being a Top ProAdvisor is helping your client with the ecosystem of products for QuickBooks.

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quickbooks 104

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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.

financial statements

Basis 365

DECEMBER 28, 2022

Attention businesses: Do you receive customer payments via third-party apps such as PayPal, Zelle, or Venmo for your business? Unfortunately, due to the changes to 1099K reporting, you may have to report more in 2023. The 1099-K threshold will drop to $600 starting in 2022. Unfortunately, this means that many businesses can expect to see a considerable increase in 1099-Ks in 2023.

Tax 98

Tax Account accounted accountant 98

Dent Moses

DECEMBER 29, 2022

On December 23, 2022, the Internal Revenue Service announced the delay in the implementation of the new $600 reporting threshold for third-party network’s Forms 1099-K. As a result of this delay, third-party networks will not be required to report 2022 tax year transactions on a Form 1099-K to the IRS or the payee for the new $600 threshold amount.

business accounting 97

business accounting Tax Account accounted 97

Going Concern

DECEMBER 27, 2022

Remember forums? The younger folks among us may not but those of us in the 35-55 age bracket likely spent some time in the forums of yore talking about cat care and car parts and whatever other nonsense we now discuss on Reddit like civilized people. I don’t spend much time in forums these days but I found this ancient forum post in my Pocket (the app, not my pants) while digging around for something to write about for this vacation week so let’s discuss.

CPA 111

CPA Account accounted accountant 111

Intuitive Accountant

DECEMBER 26, 2022

See what a future accountant professional believes the industry can do to attract young people to the profession. Check out another episode of Accounting Insiders here.

Account 104

Account accounted accountant 104

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

Sales

xendoo

DECEMBER 27, 2022

Small business financing is vital as it can make or break your business. When first starting, there are many factors that you need to consider, such as your business plan and your financing options. When creating your business plan, it should outline your goals and objectives to have a clear idea of how to implement your plan. It’s important to plan ahead so you don’t miss any crucial steps that will bring on more than necessary.

Finance 90

Finance bookkeeping financial statements Start-ups 90

Randal DeHart

DECEMBER 30, 2022

The end of the year is typically a reflective time. Something about that lull between holiday festivities and New Year's Eve sets the stage for introspection and review. While you're busy reflecting on the year ending and making plans for the new one about to begin, make sure you take some time to consider your finances. Preparing your End of Financial Year (EOFY) information often feels stressful—there are receipts to sort out and reports to review.

Construction 76

Construction Finance bookkeeping accountant 76

Going Concern

DECEMBER 30, 2022

Next up on the PCAOB ’s hit list is EY, whose 2021 inspection report was released on Dec. 19. The Black and Yellow had been slowly but surely not screwing up as many audits in recent years. After having a not-great audit deficient rate of 31% in its 2017 inspection report , EY’s error rate had dropped to 26% in its 2018 report , 18% in 2019 , and 15.4% in 2020.

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audit auditor Real Estate financial statements 105

Intuitive Accountant

DECEMBER 28, 2022

Earn CE/CFP credits. Hear the latest on tax laws, cybersecurity, ethics, and much more. The "2023 IRS Tax Forums" will be held in-person, so reserve your spot now.

Tax 104

Tax 104

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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.

AccountingDepartment

DECEMBER 29, 2022

Business owners and CEOs often wear a lot of hats in their organizations. Accounting and bookkeeping may not be one of their specialties, putting them at risk for lost payments, missed revenue, and preventing the company from growing as it should. Client accounting services (CAS) can help a business owner automate many financial tasks and maximize efficiency and profitability.

Account 73

Account accounted accountant Technology 73

Canopy Accounting

DECEMBER 29, 2022

Hey, I get it. You’re not reading this article for fun. You’re reading because you’re worried about implementing a new practice management software for your accounting firm.

accounting firms 75

accounting firms Account accounted accountant 75

Going Concern

DECEMBER 28, 2022

The 2021 PCAOB inspection report season kicked off right before Christmas with the release of a batch of six big ones: PwC, Deloitte, EY, KPMG, BDO USA, and Grant Thornton. It would be tough for PwC to top its 2020 inspection report as it was nearly blemish-free. Of the 52 audits reviewed by inspectors during that inspection cycle, only one mistake was found —related to the firm’s testing of controls over and substantive testing of revenue and related accounts and inventory—for a deficiency rate

audit 98

audit financial statements Account accounted 98

Intuitive Accountant

DECEMBER 28, 2022

In another episode of Accounting Insiders, Insightful Accountant Publisher Gary DeHart sits down with Xero's Latisha Carter to discuss all things Xero. Check out the episode here.

Account 98

Account accounted accountant 98

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.

ThomsonReuters

DECEMBER 29, 2022

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ We ’ re seeing that trend accelerating in the present day really because of all the headwinds that corporations are currently facing, whether that be staffing related or inflationary challenges.

corporation tax 59

corporation tax Tax income tax Technology 59

FraudFiles

DECEMBER 27, 2022

A financial professional can fill two distinct roles in family law cases. He or she can be a consultant who provides analysis and opinions privately to the attorney and client.

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Going Concern

DECEMBER 29, 2022

As seen on LinkedIn and Instagram: Deloitte and ServiceNow have a partnership/alliance so that ’s why both brands are on the shoes. Anyone got a pair? Related article: Would You Rock These KPMG Kicks? The post Apparently Custom Deloitte Stan Smith Adidas Sneakers Are a Thing appeared first on Going Concern.

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Intuitive Accountant

DECEMBER 26, 2022

The Internet Explorer 11 desktop application is scheduled to be permanently disabled through a Microsoft Edge update on most Windows 10 computers as of Feb. 14, 2023. What does it mean for QuickBooks Desktop?

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quickbooks 98

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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.