Sat.Dec 10, 2022 - Fri.Dec 16, 2022

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10 Holiday Gift Ideas for Accountants

Lockstep

Whether you are shopping for your team, a colleague secret Santa or the special accountant in your life, finding the right gift can be tough. But never fear, we are here to help with a list of the top gifts for the accountants on your holiday shopping list. With that in mind, here are some great gift ideas for the accountant in your life. 1. A personalized mug – This is a great gift for the coffee or tea lover in your life.

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5 Ways to Help Keep Your Firm Relevant

Intuitive Accountant

While every firm knows the most effective ways to stay in step with the day to day accounting work, here are a few tips for getting it ahead of the curve.

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Strategies for Investors to Cut Taxes as Year-End Approaches

RogerRossmeisl

The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals are subject to tax at a rate as high as 37% on short-term capital gains and ordinary income.

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Technology for Accounting Firms: How Tech Makes a Firm Stand Out | Canopy

Canopy Accounting

Incorporating the right technology into your accounting firm can set your firm apart from the competition, help you win new customers, and maintain loyalty of the customers you already have.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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Will AI Replace Humans? The Impact of Artificial Intelligence on the Human World

Snyder

Have you heard about a Hong Kong company appointing a computer algorithm to its board of directors? Will AI run big companies of the future or seize other positions? We know that technology makes our lives easier , but AI elevates it to another level. Artificial Intelligence is the term that has been exciting human minds and imaginations in recent years.

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How and why to stop comparing yourself with other accountants

Mark Lee

Do you ever compare yourself unfavourably with your competition? ‘Imposter syndrome’ is very common, but sometimes simple logic can help us to look at things differently. US President Theodore Roosevelt is generally considered the originator of the quote that “Comparison is the thief of joy.”. This is a powerful sentiment that, when applied carefully, can be life-changing.

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What Is the Corporate Tax Rate? [Federal & State Guide]

Patriot Software

Your company’s tax liability largely depends on the business structure you choose. And if you structure your business as a corporation, you’re responsible for paying the corporate income tax rate on company earnings. So, what is the corporate tax rate? How do corporation taxes work? A corporation, or C Corp, is a type of business […] READ MORE.

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Choosing a Business Entity? Here are the Pros and Cons of a C Corporation

RogerRossmeisl

If you’re launching a new business venture, you’re probably wondering which form of business is most suitable. Here is a summary of the major advantages and disadvantages of doing business as a C corporation. A C corporation allows the business to be treated and taxed as a separate entity from you as the principal owner. A properly structured corporation can protect you from the debts of the business yet enable you to control both day-to-day operations and corporate acts such as redemptions, acq

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The top tax developments of 2022

Accounting Today

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Mark Eckerle and Ryan Schadel, CEO Metavesco

Withum

Explore Other Episodes. The post Mark Eckerle and Ryan Schadel, CEO Metavesco appeared first on Withum.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Los Angeles tax, accounting service

MyIRSRelief

How to fix my messy back-years accounting for my Los Angeles, CA business? If you have messy books for many back years of accounting, it can be overwhelming to try to organize and clean them up. Here are some steps you can take to tackle the task: Take an inventory: First, make a list of all the records you have, including bank/credit card statements, invoices, receipts, and other documents.

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Intangible Assets: How Must the Costs Incurred by Capitalized?

RogerRossmeisl

These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire or create an intangible asset, Create or enhance a separate, distinct intangible asset, Create or enhance a “future benefit” identified in IRS guidance as capitalizable, or “Facilitate” the acquisition or creation of an intangible asset.

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How FP&A Helps Startups Leverage Real-Time Data to Scale Smarter

BurklandAssociates

Startups that leverage real-time data for forward-looking Financial Planning & Analysis gain a powerful competitive advantage in the market. The post How FP&A Helps Startups Leverage Real-Time Data to Scale Smarter appeared first on Burkland.

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Get to Know TaxConnex: Partner Q&A Series - Brian Greer

TaxConnex

Looking to find out more about TaxConnex? What better way than hearing from our founders and partners? Learn from the best by hearing from the ones that built TaxConnex. Over the next few months, we will be highlighting the Partners of TaxConnex. Next up, our CRO, Brian Greer. Gain insight into Brian's career and his plans for our future as well as how sales tax has evolved over the years.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Nominations Open for 2023 ProAdvisor of the Year and Top 100 ProAdvisors

Intuitive Accountant

Insightful Accountant is proud to announce the nomination opening for the 2023 ‘Top 100 ProAdvisors’, the ‘ProAdvisor Categorical Awards’ and the ‘ProAdvisor of the Year.

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Will Your Business Valuation Expert Survive a Daubert Challenge?

RogerRossmeisl

The 30-year anniversary of Daubert v. Merrell Dow Pharmaceuticals Inc. (509 U.S. 579) will be coming up in 2023. This decision officially made federal judges the “gatekeepers” of expert evidence against “junk science.” Landmark case In 1993, Daubert established a two-pronged test for admissibility under Rule 702 of the Federal Rules of Evidence: An expert’s methodology must be 1) reliable, and 2) relevant.

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The PCAOB Is Not Impressed with the Quality of Firms’ 2021 Audits

Going Concern

The PCAOB should be dropping the first batch of 2021 inspection reports soon, and as an appetizer before the main course, the audit cops issued a report Dec. 8 on how the 141 annually and triennially inspected firms did overall during the most recent inspection cycle, in which portions of 690 audits were reviewed. Annnnd it wasn ’t good: We observed an increase in the percentage of engagements reviewed with at least one “comment form” (the initial communication to audit firms of observed deficie

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Cyber Monday again breaks records

TaxConnex

How big were online sales on Monday, Nov. 28? Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. consumers spending about $11.3 billion, up 5.8% year-over-year, to score the biggest online shopping day of all time. Inflation played little part in the numbers, analysts said. In the peak hour between 8 and 9 p.m. Pacific, consumers spent $12.8 million every minute.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

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Getting Ready for Top 100 – Certifications Part 2

Intuitive Accountant

Murph is inviting international participants to take a look at some of the Certifications and ProAdvisor equivalent training credits they should be striving for in this year's program.

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Year-End Giving to Charity or Loved Ones

RogerRossmeisl

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax rules involved in these transactions. Donating to charity In 2022, in order to receive a charitable donation write-off, you must itemize deductions on your tax return. What if you want to give gifts of investments to your favorite charities?

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No One Should Be Surprised to Learn FTX Used QuickBooks

Going Concern

Before the House Committee on Financial Services on Tuesday, recently-appointed FTX CEO John J. Ray III gave testimony to back up comments he made to the New York Times last month about FTX being a “complete failure” the likes of which he hadn’t seen in two decades. Back in the day, Ray was chairman of Enron Creditors Recovery Corp, the accurately named entity in charge of recovering creditor funds from the most notorious accounting failure of our time.

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Mark Eckerle and Justin Melillo, CEO and Co-Founder of Mona

Withum

Explore Other Episodes. The post Mark Eckerle and Justin Melillo, CEO and Co-Founder of Mona appeared first on Withum.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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AICPA Offering $1 Million+ in Student and CPA Scholarships in 2023

Intuitive Accountant

The scholarships will focus on a wide variety of programs for graduate and undergraduate students and people seeking to become accounting educators. Check out the details here.

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Impact of OTA Updates on Dealership Fixed Ops

RogerRossmeisl

As posted to the Bellavia Blatt YouTube Channel on 11/18/22, and the Fixed Ops Roundtable YouTube Channel on 11/18/22 (Run Time: 14 min, 59 sec) As EVs continue to represent a greater percentage of total new vehicle sales, ongoing challenges continue to present themselves forcing automobile dealers to combat the continued erosion of their profits. In this clip, automotive attorney Len Bellavia sits down virtually with Ted Ings at the “Fixed Ops Roundtable” to discuss a number of curr

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KPMG Pulled In a Kool $34.6 Billion in Global Revenue in FY 2022

Going Concern

Well, well, well, KPMG had a 14% increase in global revenue in its 2022 fiscal year that ended Sept. 30 —the second largest year-over-year increase in revenue among the Big 4 firms behind Deloitte’s 18.1%. And of course there ’s a press release : KPMG International announces strong annual aggregated revenues for KPMG firms globally of US$35 billion for the fiscal year ending 30 September 2022 (FY22) — an increase of 14%.

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IRS provides guidance on new tax rules for clean vehicle makers

Accounting Today

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Revisiting: The Traits of a Top 100 ProAdvisor

Intuitive Accountant

When it comes to what it takes to be a Top 100 ProAdvisor, Murph says Matt Fulton set-down the quintessential "right stuff" in his 2021 article. Why mess with perfection when we can simply revisit his wisdom.

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Answers to your Questions about Taking Withdrawals from IRAs

RogerRossmeisl

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72. The rules for taking required minimum distributions (RMDs) are complicated, so here are some answers to frequently asked questions. What if I want to take out money before retirement?

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EY Dumbly Nixes Mid-Year Bonuses

Going Concern

On a Friday all-hands call, EYers learned not to expect a bonus from Santa this year. This despite EY having its best year in 20 years. In September, EY announced revenue of $45.4 billion for the fiscal year ended June 30, 2022, an increase of 13.7% from prior year and the most year-over-year growth the firm has seen in 20 years. The Americas region specifically brought in revenues of $21.1 billion, up 19% from FY21. “EY has achieved significant growth and continues to operate from a place

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Tax Fraud Blotter: Lights and sirens

Accounting Today

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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