Going Concern

FEBRUARY 9, 2023

For CPAs, accountants, and auditors, busy season sucks. The stress can take a serious toll on your personal life, your relationships, and even your health. That’s because it’s hard to find time for things like diet, exercise, and those pesky “other people in your life” when you’re busy reconciling the list of outstanding client requests from: Email threads, Excel docs, Handwritten scribbles on the back of a tear-soaked cocktail napkin from last night’s happy hour that ended with you making merci

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auditor cpas public accounting Sports 59

IgniteSpot

FEBRUARY 9, 2023

Selecting the right chief financial officer (CFO) for your business can be vital to successfully scaling your organization and increasing your ROI.

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Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. According to statistics, the U.S. government received total tax receipts of 4,05 trillion USD within a year.

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Tax business tax Real Estate Legal 98

Withum

FEBRUARY 8, 2023

President Biden’s State of the Union Address on February 7, 2023 included calls for tax reform and for “responsible” action by Congress to increase the $31.4 trillion federal debt limit, which is coming to a head in about four months. Separately, he indicated a willingness to work with Republicans on deficit reduction outside of the debt limit discussions.

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Tax income tax tax services business tax 130

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.

Finance

GrowthForceBlog

FEBRUARY 8, 2023

8 min read How does one go from being an employee to becoming a supervisor? How does a marketing expert, engineer, or craftsman start hiring employees and then transform themselves into managers of their own businesses? How do people already working in leadership roles become more effective managers?

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CPA Practice

FEBRUARY 6, 2023

The Treasury Department and the IRS on Monday issued Notice 2023-13 , which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program—a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this guidance in proposed form to provide an opportunity for public comment.

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Gaming Sales Tax 122

Summit CPA

FEBRUARY 8, 2023

The Virtual CPA Success Show: Episode 73 In this episode, our host, Jamie Nau, Summit CPA's Director of Virtual CFO, and Jody Grunden, Partner at Anders CPAs + Advisors, discuss Caveman Brain® with Dr. Jean Oursler, The Results Queen®. Dr Jean is the creator of Caveman Brain Business Growth System, which helps business owners with new business development.

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cpas CPA 52

Going Concern

FEBRUARY 7, 2023

Although I am not a loyal reader of Human Resource Executive I did come across an article they just did on CLA — also known by their confirmation name CliftonLarsonAllen — and the benefits HRE outlined in said article sound awesome. Flexible PTO, a wellness stipend, access to cognitive behavioral therapy for the employee as well as any of their family members above the age of 13…great.

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accounting firms Account accounted accountant 111

TaxConnex

FEBRUARY 7, 2023

Findings from the third annual Sales Tax Market Survey indicate that a perfect storm is brewing for financial leaders in the new year. Companies still struggle to navigate workforce shortages and retention of internal expertise, yet they remain highly dependent on in-house resources to perform many of the vital functions related to sales tax. Their resources are stretched thin, and bandwidth is reported to be the top barrier for success.

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Sales Tax audit Construction 245

RogerRossmeisl

FEBRUARY 5, 2023

Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2023. The IRS recently announced that the 2023 cents-per-mile rate for the business use of a car, van, pickup or panel truck is 65.5 cents. These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.

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CPA business tax Tax 207

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MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations. In this article, we will delve into what these terms mean, why they are important, and how to choose the right professional to help you.

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tax services Tax tax preparation tax planning 130

BurklandAssociates

FEBRUARY 7, 2023

Do not assume that your product or service is non-taxable or that you’ve identified all your areas of potential tax liability. The post Our New TechCrunch Article: What Recent Changes to State Taxes Mean for US SaaS Startups appeared first on Burkland.

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Tax 130

TaxConnex

FEBRUARY 9, 2023

States aren’t the only ones who can complicate your life with sales tax: Local governments want to play their part, too. Cities, counties and towns nationwide – which have almost all seen an increase in their sales tax revenues in recent years – constantly tinker with their own sales taxes. The states and local jurisdictions have been the beneficiary of economic nexus over the past four years.

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Sales Louisiana Alabama Tax 130

RogerRossmeisl

FEBRUARY 5, 2023

On 2/3/2023, the IRS issued Notice 2023-16 guidance that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle tax credits. As a result of this notice, the IRS updated the related frequently asked questions for these credits which can be found on IRS Fact Sheet 2023-4 here: IRS Fact Sheet 2023-04 (This is Blog Post #1340) The post IRS Issues Guidance and FAQ Updates Related to the Clean Vehicle Tax Credits appeared first

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Tax CPA cpa firm business tax 206

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.

payroll

Acterys

FEBRUARY 7, 2023

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Developing an effective inventory plan is crucial since it helps to enhance customer satisfaction, increase profitability, reduce costs, and improve cash flow. Previously, we looked at the basics of inventory planning and the four main pillars of an inventory plan.

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Maine Sales Manufacturing Gaming 130

CPA Practice

FEBRUARY 6, 2023

By Riley Beggin, The Detroit News (TNS) The U.S. Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits. The change is likely to be the difference between thousands of dollars in consumer discounts. Under new federal tax credits, SUVs, trucks and vans can cost up to $80,000 and still qualify for a $7,500 credit.

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Tax Washington Sports Transportation 128

Withum

FEBRUARY 9, 2023

Explore Other Episodes #CivicWarriors #WithumImpact The post Innovative Problem Solving With Mission:Cure appeared first on Withum.

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RogerRossmeisl

FEBRUARY 5, 2023

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. SECURE 2.0 is meant to build on the original SECURE Act of 2019, which made major changes to the required minimum distribution (RMD) rules and other retirement provisions.

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CPA Start-ups Tax 174

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.

Finance

Insightful Accountant

FEBRUARY 8, 2023

Stripe and Xero are expanding their partnership to help small businesses globally get paid faster. Murph provides the details.

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CPA Practice

FEBRUARY 6, 2023

By Samantha Gowen, Los Angeles Daily News (TNS) Tax filers in California who got a Middle Class Tax Refund and a corresponding 1099 form should wait to file their federal tax returns, the IRS said last Friday. The IRS, now two weeks into tax season, issued a statement Feb. 3 saying it is working on guidance for tax preparers and at-home filers. For tax filers who got the 1099-MISC form, the question remains: Will the IRS tax the inflation refund?

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California Tax tax return tax preparation 122

Withum

FEBRUARY 9, 2023

Sage Intacct Construction is one of the top construction finance management software providers and is the first and only AICPA-preferred accounting solution for general contractors and developers. Sage Intacct Construction enables proactive management of valuable financial metrics and improves cash flow. It’s built specifically for the construction industry , providing real-time visibility and insights through role-based dashboards.

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Construction accounts payable accounting and finance accounting software 122

RogerRossmeisl

FEBRUARY 5, 2023

The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do so by filing amended payroll returns for tax years 2020 and 2021. However, the IRS is warning employers to beware of third parties that may be advising them to claim the ERTC when they don’t qualify.

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payroll CPA Tax business tax 170

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.

CPA

Going Concern

FEBRUARY 8, 2023

The last time we wrote about EY and the Super Bowl it was regarding the firm ’s cringey “Question Everything” ad— loved by then-U.S. chair Kelly Grier —that aired two years ago during Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs. The Chiefs are back in the Big Game this Sunday against the Philadelphia Eagles, and the EY offices in both of those cities have something fun going on—and it involves food (no, not pizza): Hopefully Burkavage and his gang in Philly have a

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CPA Practice

FEBRUARY 9, 2023

Accounting and finance, human resources, legal, and technology professionals are the most in-demand by companies looking to hire in the first half of this year, according to the State of U.S. Hiring Survey from staffing firm Robert Half. Among managers at companies planning to hire for permanent roles in the first six months of 2023, 64% are looking to fill technology roles, 62% need accountants and finance professionals, and 59% are desperate for new employees in both HR and marketing.

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Withum

FEBRUARY 8, 2023

The rising popularity of the employee retention credit (ERC) has reached boy band status. You’ve heard of it on the radio, seen it on TV, and likely even discussed it with your friends. But as with any popular tax credit or deduction, the IRS is sure to be close behind. We’ve written about IRS audits rolling out last July, and the IRS followed up our article with a warning to taxpayers regarding third-party promotion of improper ERC claims.

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audit income tax tax return payroll tax 120

Xero

FEBRUARY 6, 2023

Over recent years, the world of advisory has experienced a seismic shift. In the face of immense obstacles and equally great learnings, the profession is evolving. Why? Because, more than ever, accountants and bookkeepers are embracing change – and it’s propelling the industry forward. So what led us here? The past few years have seen small businesses lean heavily on their advisors to survive the pandemic’s ripple effects.

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bookkeeping Education accounted accountant 108

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

Spend Management

Going Concern

FEBRUARY 6, 2023

Hate to be the burster of bubbles for anyone out there excited to unload your work on ChatGPT but PwC Australia has told its people that for now, playing around with AI should happen strictly off the clock. Australian Financial Review reports that in this morning’s internal newsletter, PwCers were told not to feed client data into ChatGPT and to be wary of potentially conflicting output from this emerging technology.

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CPA Practice

FEBRUARY 10, 2023

Anyone who electronically files an amended individual income tax return can for the first time select to have any resulting refund deposited into their bank account, the IRS said on Feb. 9. Up until now, taxpayers who filed Form 1040-X , Amended U.S. Individual Income Tax Return , with the IRS had to wait for a mailed paper refund check, adding an extra step onto the amended return process.

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tax return income tax tax preparation Manufacturing 119

Insightful Accountant

FEBRUARY 6, 2023

If you're not participating in the Insightful Accountant Awards Program, you only have one excuse. you.

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Anders CPA

FEBRUARY 9, 2023

To set your business apart from your competition, it will take ingenuity and innovative thinking. Customers expect a continuously improving experience and to provide it, businesses must invest in the teams and technology necessary to retool their company to thrive in change. In the Season 2 premiere of But Who’s Counting? , host David E. Hartley sat down with changemaker and Integrity CEO John Simanowitz to seek his advice on ways businesses can innovate to improve their processes and come to be

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