Snyder

MARCH 8, 2023

If you’re running your accounting business and are looking to attract more clients, you probably noticed that the landscape has changed vastly. The increased client turnover and growing demand for additional services, in particular business advisory ones, call for a different approach to client acquisition and retention. In this article, we’ll review how the working relationship between accounting clients and accountants and bookkeepers has changed and what the new challenges in this new market

bookkeeping 52

bookkeeping Account accounted accountant 52

CPA Practice

MARCH 6, 2023

From tight deadlines to too much work, achieving work-life harmony during the busy season can be challenging. While it may be impossible to eliminate stress, there are strategies you can use to help reduce the negative impact of stress and increase productivity. Stress is the body’s natural reaction to challenging or demanding situations. It just so happens that a lot of the time, we can call our stress work.

audit 126

audit CPA Tax income tax 126

SMBAccountant

MARCH 8, 2023

One type of accounting that is well-known is tax accounting. According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. Tax accounting applies to individuals, businesses, and corporations. Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

tax accountant 130

tax accountant Tax Account accounted 130

TaxConnex

MARCH 9, 2023

At least three states opened this year with proposals to revamp taxes concerning digital advertising and data. Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The bills include: HD 1507 , to establish a commission to study generating revenue from digital advertising that is displayed inside of Massachusetts by companies that generate over $100 mil

Sales 147

Sales Indiana Tax Massachusetts 147

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

Insightful Accountant

MARCH 6, 2023

Reach Reporting’s Justin Hatch dishes on some trends today's accounting professionals should be on the lookout for.

Account 105

Account accountant accounted 105

GrowthForceBlog

MARCH 7, 2023

7 min read When you picture a leader, you probably conjure up images of generals charging into battle ahead of their soldiers.

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FraudFiles

MARCH 9, 2023

I often hear: “Pyramid schemes are illegal! If XYZ Company was a pyramid scheme, the government would shut them down!” Yes, pyramid schemes are illegal. No, our government generally doesn’t shut down pyramid schemes masquerading as multi-level marketing.

Government 52

Government 52

TaxConnex

MARCH 7, 2023

Online retailers and eCommerce companies have been the focal point of taxing jurisdictions and their updated nexus laws for years. Our third annual survey of financial professionals revealed a sales tax storm in many industries. Financial leaders continue to lean on internal resources while wrestling with the current economy, inflation and a tight job market.

Sales 130

Sales Retail Tax tax return 130

Snyder

MARCH 6, 2023

Our fast-paced world has transformed many jobs, but few seem to have changed as much as what accountants typically did even 20 years ago compared to today, next year, or the next decade. The accountant’s role has long transformed from mere bookkeeping to encompassing more duties and responsibilities: from financial reporting and analyzing business performance to helping with taxation (and many more).

forensic accounting 52

forensic accounting Account accounted accountant 52

CPA Practice

MARCH 7, 2023

By Gail Cole. The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. The next update goes into effect January 1, 2024 , and places new emphasis on the role of emerging technology in delivering accounting services.

Technology 137

Technology CPA cpas audit 137

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Technology

BurklandAssociates

MARCH 7, 2023

The deferred revenue schedule is an important tool to manage cash flow and ensure your startup's financial statements accurately reflect its position. The post Deferred Revenue Schedule for Startups appeared first on Burkland.

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financial statements accountant accounted Account 130

Xero

MARCH 8, 2023

Below is the message shared with all Xero employees today Dear Xeros Over the past few weeks, as I have stepped into the CEO seat, we have had several conversations about Xero’s strengths and significant market opportunities. We have also talked candidly about our challenges following the rapid scaling of the company. As we look to the next phase of Xero’s growth, many of you have asked me what change is needed for us to simplify focus, strengthen our execution and balance growth with profitabi

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Healthcare Technology 122

Going Concern

MARCH 9, 2023

The United States Tax Court recently ruled that Edwards Engineering could only deduct $304,640 of the $1,037,237 it claimed under Section 179D for the installation of energy efficient commercial building property (EECBP) it performed at a Veterans Affairs hospital in 2013. Q: Edwards Engineering is a client of what tax consulting firm, a popular subject at Going Concern due to its ongoing problems across several areas ?

Tax 111

Tax Illinois tax consultant Hospitality 111

CPA Practice

MARCH 9, 2023

By Samantha Gowen, The Orange County Register (via TNS). Storms, wildfires and flooding damage have pushed back the tax filing deadlines for most Californians. The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments. The Franchise Tax Board said taxpayers who suffered financial losses to storm damage also could be eligible to claim those losses on their tax returns.

Tax 133

Tax tax return California payroll 133

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

Insightful Accountant

MARCH 8, 2023

'Wolters Kluwer Annual Accounting Survey' reveals the Top 5 challenges and 2023 goals for today's accounting professionals.

Account 105

Account accounted accountant 105

Xero

MARCH 7, 2023

Did you know there are two versions of invoicing in Xero? There’s the original ‘classic’ invoicing experience and ‘new’ invoicing. New invoicing is the updated version with a refreshed design, new functionality and many of the features you know and love from classic. New invoicing has come a long way since its initial launch and we’re pleased to have introduced several improvements you won’t see in classic invoicing.

accounting software 105

accounting software Government accounted Account 105

Going Concern

MARCH 10, 2023

Joe Ucuzoglu, the former head of Deloitte US and current Deloitte Global CEO, has recorded a 20 minute video which was circulated to all firm leadership yesterday and then, just to be sure EY sees it to be as transparent as possible, had it published to the Deloitte website for all to see. In it, he is adamant that Deloitte does not intend to change its current model as unified professional services firm (a.k.a. “multidisciplinary model”).

Start-ups 111

Start-ups Legal audit 111

CPA Practice

MARCH 7, 2023

By Nellie Akalp. There are many reasons for your clients to claim an S Corp election. Although the most significant advantage is the limited liability protection it provides its shareholders, the S Corp election also avoids the double taxation incurred by C Corps. Milestones to Consider At specific points in their growth trajectory, your clients may reach some milestones that could call for a change in their current business structure.

New Hampshire 114

New Hampshire tax return Tax income tax 114

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

MARCH 5, 2023

Our spotlight of the Insightful Accountant 2022 Top 100 ProAdvisors continues with a spotlight on Leah's Insights' Leah Berger. See what she says it takes to stay on top of your game.

Gaming 105

Gaming Account accountant accounted 105

Patriot Software

MARCH 10, 2023

Canton, Ohio Patriot Software, an online payroll and accounting company, announced today that some employee direct deposits were affected by the abrupt Silicon Valley Bank closure.

Ohio 103

Ohio California payroll Account 103

Going Concern

MARCH 10, 2023

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver Going Concern previously reported on bits of an interview with Ken Bishop , President and CEO of NASBA, published in Journal of Accountancy. A cut out in the article includes this quote, “Should any state or jurisdiction lower the licensure requirement to 120 hours, their CPAs would no longer be automatically substantially equivalent and would no longer enjoy the mobilit

cpas 105

cpas Illinois Minnesota CPA 105

CPA Practice

MARCH 8, 2023

By Ryan Sheehan. In August 2022, the landmark Inflation Reduction Act (IRA) was signed into law. The IRA will raise $738 billion and authorize $391 billion in spending to combat climate change through clean energy. The plan also calls for $238 billion in deficit reduction, three years of Affordable Care Act subsidies and prescription drug reform to lower prices.

income tax 111

income tax Tax financial statements corporation tax 111

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

Insightful Accountant

MARCH 5, 2023

Liz Scott returns with her video take on how this new Quickbooks Online feature enables you to see the check images directly inside of the transaction.

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quickbooks 105

Basis 365

MARCH 6, 2023

Are you tired of spending countless hours on bookkeeping, payroll, and tax preparation? Do you want to focus more on growing your business and achieving your goals? If so, consider outsourcing your accounting tasks. In this article, we'll explore the benefits of outsourcing accounting, including outsourced bookkeeping and outsourcing to an accountant.

tax preparation 101

tax preparation Account accounted accountant 101

Going Concern

MARCH 8, 2023

The Financial Reporting Council has fined PwC £7.5 million ($8.9 million USD) for work related to Babcock , a multinational corporation headquartered in the UK providing, among other things, engineering services. Babcock conducts most of its business with the government, particularly the Ministry of Defence (don’t @ us, that’s how they spell it across the pond).

audit 105

audit Government auditor financial statements 105

CPA Practice

MARCH 10, 2023

By Max Pearlstein. Accountants have more tools at their fingertips to grow their advisory services than ever before, and the pandemic underlined the importance of using those tools to help their clients. Today’s accountants are helping their clients navigate a rapidly changing labor and regulatory landscape. PPP loans, a tight talent market, the hybrid workplace, and changing tax laws are all combining to put incredible pressure on small- to medium-size businesses.

payroll 105

payroll accounting firms Tax Education 105

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

Insightful Accountant

MARCH 7, 2023

Go Beyond's Greg Sloan discusses why outlining your company's purpose is essential to attracting your ideal workforce.

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Anders CPA

MARCH 8, 2023

John Scott, CPA, AEP/CGMA has been named a Top Estate Planning Professional for 2023 by the St. Louis Small Business Monthly. In the March 2023 edition of Small Business Monthly, John gave advice and talked about the greatest challenges and mistakes he has seen business owners come to face. He was one of seven professionals named who have proven their dedication to the success of small businesses in St.

CPA 98

CPA Manufacturing Legal Tax 98

Going Concern

MARCH 6, 2023

Just the other day we were talking about initiatives around the profession to ease the burden of the 150 hour requirement for CPA licensure that tie together education and work experience , like work-for-credit programs or 5th year education partnerships between firms and universities. Today, we’ve learned of another education-experience partnership: a high school in North Carolina that is sending kids to work at accounting firms, among other local employers.

North Carolina 105

North Carolina Education accounting firms CPA 105

CPA Practice

MARCH 8, 2023

By Carl Hoemke. Anyone who deals with property tax knows firsthand how complex it can be to manage, especially given how tax laws differ not only between states but even among local jurisdictions within the same state. These inconsistencies, and many other variables, make it hard for accounting and finance teams to employ consistent and scalable processes, particularly during peak tax season.

Tax 105

Tax Technology accounting and finance tax return 105

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