Lockstep
JUNE 1, 2022
As the Federal Reserve tightens interest rates at the highest level in over 20 years, it’s a good time to review your manual accounts receivable (AR) processes to seek out your unresolved cash traps. Even with rates on the rise, bank lending is accelerating faster than in recent years. It’s no surprise that rising interest rates are causing companies to evaluate their AR and cash position. .
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MazumaBusinessAccounting
MAY 31, 2022
Have you ever wondered how long to keep important financial records such as receipts, bank statements, and credit card bills? You’re not alone! Rather than keep everything forever and let the stacks of paper reach the ceiling, develop an organized system of keeping receipts for the recommended amount of time. Remember, the IRS recommends keeping tax-related documents for at least six years.
RogerRossmeisl
MAY 31, 2022
If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply certain information to prove their right to deduct charitable contributions. If you donate an item of property (or a group of similar items) worth more than $5,000, certain appraisal requirements apply. You must: Get a “qualified appraisal,” Receive the qualified appraisal before your tax return is due, Attach an “appraisal summary” to the first tax ret
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
BurklandAssociates
MAY 31, 2022
Even in a down market, 2022 has the potential to be a solid year for fundraising for startups with a sizable market opportunity, proven product-market fit, and solid metrics. As Read More. The post What is a Startup CFO’s Role in Fundraising? appeared first on Burkland.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
MAY 30, 2022
(This is Blog Post #1207). The post You May Have a Basis for Reducing the Tax Bite appeared first on Roger Rossmeisl, CPA.
Intuitive Accountant
MAY 31, 2022
Based on increasing demand for QuickBooks Online and its mission to help its customers thrive, QuickBooks is accelerating its investment in QBO platform products. Liz Scott digs a little deeper.
Patriot Software
MAY 31, 2022
You don’t know what you don’t know. This phrase couldn’t be more true, especially when it comes to taking up your business’s accounting. After all, it’s a technical and complex subject. And when it comes to your responsibilities, you probably have a million accounting questions—even if you don’t know exactly what they are. Have questions […] READ MORE.
Speaker: Erroll Amacker
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
RogerRossmeisl
MAY 30, 2022
These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. According to the U.S. Government Accountability Office, the proportion of businesses adding cyber coverage increased from 26% in 2016 to 47% in 2020. But in the event of a loss, processing such claims can be expensive, and insurers are becoming more selective about the companies they agree to insure and for how much.
Xero
MAY 30, 2022
Cloud-based apps and tools, like those in the Xero App Store or wider Xero Ecosystem, have given small businesses the ability to use a combination of apps to build their own bespoke business engine. And according to the numbers, the more apps the merrier. Our research has shown that organisations who use five or more apps have seen sales growth of 4.3% , while those who don’t use any at all have experienced a 3.4% decline (year to December 2020).
Patriot Software
JUNE 2, 2022
Business owners often confuse margin and markup. After all, they both deal with sales, help you set prices, and measure productivity. But, there’s a key difference between margin vs. markup—and knowing this difference is how you can set prices that lead to profits. Unsure about the difference between markup and margin in accounting? We’ve got […] READ MORE.
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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.
RogerRossmeisl
MAY 30, 2022
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the financial risks and rewards. However, you also should know that renting out your home carries potential tax benefits and pitfalls. You’re generally treated as a regular real estate landlord once you begin renting your home.
Going Concern
JUNE 2, 2022
Have you attended a pizza party lately? Has your firm been trying to seduce you back into the office with the promise of under-seasoned jarred sauce and crust? Have you ever stared down a tiny tub of garlic butter sauce wondering wtf you’re doing with your life? Then this piece (heh) is for you. Wikipedia describes a pizza party as : A pizza party is a social gathering at which pizza is served.
Xero
JUNE 2, 2022
What a hectic few years we’ve all gone through, and the accounting and bookkeeping community has undoubtedly faced some of its toughest challenges yet. What’s more, they’ve done it largely in physical isolation, working behind a screen and over the phone to keep small businesses – and sometimes, each other – afloat. So if there’s one thing we can all agree on, it’s that nothing beats #human connection.
Speaker: Anna Tiomina, MBA
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?
RogerRossmeisl
MAY 30, 2022
Financial statements are an important source of data for valuing a business. But they tell only part of the story. An accurate business valuation hinges on a comprehensive understanding of the subject company’s relative performance and its future earnings power. To help clarify matters, experts often make various adjustments to the financials. Here are some examples.
Withum
JUNE 2, 2022
Understanding the stock market is difficult, but much easier when you know the basics and can match them with what you are trying to accomplish. For the last few years, I have been publishing (as a PDF) a booklet explaining how the stock market works. I cover all of the basics and some pretty sophisticated added information written in my down-to-earth style [this blog is a sample of my writing style].
MyIRSRelief
JUNE 1, 2022
Are you in need of a tax service provider? We can help you resolve your tax service issues. Your problem will not be solved by paying interests, fines and fees. You need to seek help from a professional tax service provider. You need someone to help you in terms of business bookkeeping, tax preparation, tax planning and even with tax controversy. We can also give assistance when it comes to IRS audit help.
Speaker: Joe Wroblewski, Senior Sales Engineer
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!
RogerRossmeisl
MAY 30, 2022
As posted to the ARK Invest YouTube Channel on 5/19/22 (Run Time: 16 min, 20 sec) ARK Invest believes that autonomous ride-hailing will reduce the cost of mobility to one-eighth the average cost of ride-hail today, spurring widespread adoption and unleashing unprecedented economic productivity. ARK believes that this could be “one of the most meaningful economic productivity delivering innovations of all time” and the GDP contribution from autonomous ride-hail systems could total ar
Withum
JUNE 3, 2022
Withum is proud to share that Zsia Rosmarin , Partner and Team Leader of Technology and Emerging Growth Services , was honored as a Woman Worth Watching in STEM by Profiles in Diversity Journal. Zsia was acknowledged for her leadership role at the Firm in both her client-facing work and her position as a leader of Women of Withum , a Team Member Resource Group whose mission is to motivate, advocate and elevate women professionals with the tools they need to succeed.
Patriot Software
JUNE 3, 2022
Ready to move beyond bookkeeping into a slightly more complex role? If so, you might consider full charge bookkeeping. But, what exactly does a full charge bookkeeper do? In this article, we’ll cover everything you need to know about full charge bookkeeping, including: What is full charge bookkeeping? How to become a full charge bookkeeper […] READ MORE.
Speaker: Melissa Hurrington
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.
RogerRossmeisl
MAY 31, 2022
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is profitable. But what if the new enterprise consistently generates losses (your deductions exceed income) and you claim them on your tax return? You can generally deduct losses for expenses incurred in a bona fide business.
Going Concern
JUNE 3, 2022
Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. How a New Accounting Rule Is Making Bank Earnings Go Wild [ Wall Street Journal ] The new accounting standard, known as current expected credit loss, or CECL, says that a bank has to set aside funds to offset loan losses that might come anytime in the future.
Withum
JUNE 3, 2022
Withum is proud to share that Peter Kim , Principal of the Forensic and Valuation Services Group , was honored as an Asian Leader Worth Watching by Profiles in Diversity Journal. Peter was acknowledged as a CAMS—Certified Anti-Money Laundering Specialist and an outstanding leader in both his professional network and in his community. At Withum, Peter reviews and tests compliance programs through audits and independent tests and manages remediation and execution of transaction monitoring, in addi
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