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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Forecasting Failures Are Costly: Here's How To Fix Them

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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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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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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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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Book of Secrets on the Month-End Close

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.

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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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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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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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New Software & You: Elevating Your Tech Stack

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!

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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

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.

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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.