This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We are in the midst of the busiest shopping season of the year. A time many retail businesses rely on to meet their year-end numbers. But what happens when a world still rocked by the pandemic continues to make the majority of its sales online? eCommerce has become a growing and important aspect of retail sales. In fact - Cross-border eCommerce sales worldwide grew more than 20% in 2020 while U.S. eCommerce grew by more than 40%.
The rapid growth of crypto assets has challenged regulators to standardize and issue timely authoritative guidance for crypto accounting. The AICPA has issued guidance outlining how companies should account for Read More. The post Crypto Accounting: An Open Letter to the FASB appeared first on Burkland.
QUESTION: A recently terminated employee has elected COBRA for himself, his spouse, and his children. He notified us within a month after his termination that his spouse is disabled, received a Social Security Administration (SSA) disability determination several years ago, and is receiving Medicare. We know we must offer COBRA coverage to the entire family, but must the plan provide a disability extension (from 18 months to 29 months) due to the spouse’s disability?
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Endeavor Miami hosted their y.FTL panel, the second panel in their y.FLORIDA series. Lil Roberts, Xendoo’s CEO was one of the speakers. As Florida’s entrepreneurial ecosystem continues to develop they will continue to shed light on the strength of Florida’s entrepreneurs. Honored to be part of an amazing night with incredible people!
Foreign currency exchange can have a significant impact on revenue and M&A transactions. This article explains how Burkland’s accounting team handles the complexities of foreign exchange transactions. Foreign Exchange Effects Read More. The post Foreign Exchange Accounting Practices: Effects on P&L and M&A appeared first on Burkland.
Thanksgiving has always been a special day. Growing up, it was a holiday with a family gathering made special because I did not have to sit through the adults saying prayers or reading from a religious book. Thanksgiving was also special because I was with my cousins and a ton of my aunts and uncles. It seemed the goal of Thanksgiving was to have fun and a great big meal with all the extras I could fit into my stomach.
98
98
Signup to get articles personalized to your interests!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Thanksgiving has always been a special day. Growing up, it was a holiday with a family gathering made special because I did not have to sit through the adults saying prayers or reading from a religious book. Thanksgiving was also special because I was with my cousins and a ton of my aunts and uncles. It seemed the goal of Thanksgiving was to have fun and a great big meal with all the extras I could fit into my stomach.
A business’ cash flow is just as important as the merits of its products or services. A business with a superior value offering has the potential to fold if it has insufficient cash flow. Business owners and managers who prioritize cash flow give their company the best chance to remain operational and win the marathon as opposed to the short-term sprint.
Success is not about luck and chance. It’s about visionary leaders who intentionally pursue the critical elements every business needs to be successful. Join Kison Patel from Boss Move Podcast and his guest Lil Roberts , Founder, and CEO in the episode Critical Elements of Success as they talk about the secret ingredients for success and how to get them.
Information Reporting of Health Insurance Coverage and Other Issues under §§ 5000A, 6055, and 6056, 26 CFR Parts 1 and 301, 86 Fed. Reg. __ (__ __, 2021). Available at [link]. The IRS has released an advance copy of proposed regulations addressing information reporting requirements under the Affordable Care Act (ACA). The proposal would revise existing regulations regarding the requirement to furnish individuals with information about minimum essential coverage (on Form 1095-B) and the requirem
“It was the best of times. It was the worst of times.” I think we can agree that Charles Dickens’s famous lines ring true when looking back at 2020 and 2021 (though “best” might seem like a stretch). With employees shifting their worlds to make room for new priorities, disruptions to supply chains, new government regulations, and so on, we’ve seen Skagit County friends’ small businesses (like yours) in a non-stop “pivot” just to keep things running.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . If the self-payment struggle is all too familiar to you, Xendoo is here to help. We have created this guide to help you pay yourself and maximize your savings as a partnership owner!
Interim Final Rule: Prescription Drug and Health Care Spending, 26 CFR Part 54, 29 CFR Part 2590, 45 CFR Part 149, 86 Fed. Reg. 66662 (Nov. 23, 2021); Fact Sheet: Prescription Drug and Health Care Spending Interim Final Rule With Request for Comments (Nov. 17, 2021). Regulations. Fact Sheet. News Release. The DOL, HHS, and IRS have issued interim final regulations implementing the requirement that group health plans and insurers report prescription drug and health care spending, premiums, and en
9 min read. When you think about the average CEO's mindset, you probably picture someone driven, creative, and insightful who never stops and has access to seemingly endless stores of energy.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Outsourced accounting services are becoming that much more popular with each passing year for good reason. It no longer makes financial sense to pay salaries and benefits to an in-house accounting team when comparably affordable experts are available outside of the organization. Add in the fact that outsourced accounting services provide direct access to a group of accountants with diverse professional experience and the decision to lean on the outside specialists makes even more sense.
“I awoke this morning with devout thanksgiving for my friends, the old and the new.” – Ralph Waldo Emerson. I am thankful for so many things and so many people in my life. Today, I want you to know that I am thankful to all of you who read this blog daily. I hope it is helpful, in some way, as you manage your way through the minefield of CPA firm management.
3 min read. 93% of U.S employees believe companies must lead with purpose- according to a recent Harvard Business study. [1] Now more than ever, companies and investors should have a greater good in mind. The Global Impact Investment Network's vision is to globally transform capitalism to a force for good : positively contributing to social, economic, and environmental issues.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to PrePaid Legal, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting new members. MLMs live and die by the recruitment of new members, who make the bulk of the product purchases from the company.
Payroll Management Process is a set of steps that are followed in a particular order every month to form a Payroll Cycle. Payroll isn’t just about the given salary, it is more than that. It includes salary, wages, bonuses, net pay, deductions, and more. Regardless of the number of employees in a company, the Payroll Management Process must maintain the financial records of everyone.
KROST recognized our new CPA licensees at the CalCPA LA Chapter ABC Networking event on November 18th at the Luxe Hotel on Sunset in Hollywood. Our M&A and Capital Markets Practice Leader, Paren Knadjian was invited on the M&A panel to talk about succession planning for CPA firms and practices. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->. -->.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
When completing a lifestyle analysis in a divorce or child support case, I am often asked whether my work is simply data entry. Why does a forensic accountant need to do the lifestyle analysis? Can’t anyone with a bit of accounting training do it? As Tracy discusses in the video below, a lifestyle analysis is much more than a data entry exercise.
McGinnis v. Costco Wholesale Corp. Emp. Benefits Prog., 2021 WL 4844094 (N.D. Ill. 2021). Available at [link]. An individual hired as a “limited part-time” employee claimed she was told by her manager that she would become a regular part-time employee and be entitled to employee benefits after 90 days of employment. Alternatively, she contended she was entitled to enrollment based on the summary plan description (SPD) eligibility rules, which were based on completion of a specified number of ho
Doing your own accounting in accounting software such as QuickBooks Online (QBO) is relatively straightforward especially if you have set up your QBO file optimally. You periodically enter invoices, expenses, bills and allocate transactions from the banking download. And while QBO is designed for non accountants, it is also equally appreciated by many accountants for its simplicity and user friendliness (although, as with any software product, there are grievances).
About this time every year, the IRS publishes the contribution limits for retirement plans for the following year. Keeping Up On November 4, 2021, the IRS announced that the sum individuals can contribute to their 401(k) plans in 2022 will increase to $20,500, up from the $19,500 maximum allowable in 2021 and 2020. For traditional. The post Retirement Plan Contribution Limits for 2022: 401(k) Limit Increases to $20,500. appeared first on LSL CPAs.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
We’re so thankful for all of your support throughout the year. We wouldn’t be where we are today without you. We gave thanks this year by donating to the following organizations. If you would like to contribute to any of these groups, we’ve included links below for your convenience. Alzheimer’s Association – Walk to End Alzheimer’s.
Burnout is no stranger to tax and accounting professionals, but in this pandemic world, it seems to be even more apparent. Prolonged exposure to stress and anxiety can create difficulty when trying to find work-life balance. So, if burnout is all around us, how can we fight it? We’ve come up with a list of three steps to help you find some peace this holiday season and mentally prepare you to take on the upcoming tax season. .
Sometimes doing the opposite of what everyone else is doing is the right approach. That is what McKay learned when he started his business, Five Star Commerce. Five Star Commerce is a marketing and consulting service for brands selling on Amazon and Walmart as third-party sellers. McKay found a niche in his pricing model by offering hourly pricing rather than a flat monthly fee like most agencies.
“Once you’ve got 7 people in a decision-making group, each additional member reduces decision effectiveness by 10%.” – Dan Rockwell LeadershipFreak. Dan Rockwell gives us 3 Words That Make Meeting Great. Those 3 words are Specific. Shorter. Smaller. Follow the link to read more about these three words. I like the two words that apply to CPAs – Decide and Deliver.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
246 
Let's personalize your content