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 accountant Account accounted 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.

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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.

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tax accountant Tax accountant Account 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

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Sales Tax Indiana Massachusetts 147

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

Insightful Accountant

MARCH 6, 2023

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

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accountant Account 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.

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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.

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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).

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forensic accounting accountant Account accounted 52

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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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

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.

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Technology CPA cpas audit 137

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 ?

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Tax Illinois tax consultant Hospitality 112

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.

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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.

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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.

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Tax tax return California payroll 133

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 accountant Account accounted 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”).

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Start-ups Legal audit 111

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.

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accounting software Government accountant Account 100

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

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.

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New Hampshire tax return Tax income tax 114

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.

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tax preparation accountant Account accounted 101

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

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cpas Illinois Minnesota CPA 106

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.

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CPA Manufacturing Legal Tax 98

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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.

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.

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Canopy Accounting

MARCH 8, 2023

Women make up nearly 60% of the accounting service industry according to 2022 data. In honor of International Women's Day, we rounded up a list of the Top 10 Innovative Women in Accounting and Tax. From the future of accounting to tax policy, these women are experts across the industry. Check it out!

Tax 98

Tax accountant Account accounted 98

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).

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audit Government auditor financial statements 106

Withum

MARCH 8, 2023

CPAs will be influential in assisting private companies in adopting proposed EC ESG Reporting Standards. Withum identifies opportunities for CPAs to assist private companies with their ESG strategy development and execution. Joe Holman , Market Leader of Withum’s ESG Services, believes private companies should adopt elements of the SEC’s proposed ESG Reporting Standards and use their internal accounting or audit group to help them effectively implement and maintain their reporting structure.

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cpas accounting and finance financial statements audit 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.

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.

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payroll accounting firms Tax Education 105

Patriot Software

MARCH 9, 2023

Seven out of 10 Americans aren’t fans of changing the clocks at the start and end of daylight saving time (DST). And if you have employees who work the graveyard shift, you might not like the payroll issues that come with DST. So, how does daylight savings time work when employees are on the clock?

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payroll 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.

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North Carolina Education accounting firms CPA 106

CTP

MARCH 10, 2023

The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized deductions for state and local taxes (SALT) by the 2017 Tax Cuts and Jobs Act (TCJA). The law limited the itemized deduction for SALT to $10,000 except in the case of married people who filed a separate return.

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Tax income tax tax return B2B 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.