Lockstep
MAY 4, 2022
Is your AR aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. However, the last two years have proven that the standard manual AR processes are not sustainable for the long-term success of the organization.
TaxConnex
MAY 3, 2022
F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship. Changes in ownership, staff or operations can affect provider performance or client needs. Let’s take a look at some of the major beefs that respondents had with their sales tax providers based on a survey TaxConnex conducted of financial pr
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RogerRossmeisl
MAY 5, 2022
Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates. There have been discussions in Washington about raising the corporate federal income tax rate from its current flat 21%.
PANALITIX
MAY 4, 2022
RESOURCES / ARTICLES. Designing the Ideal Team Structure: 6 Underlying Principles. Many Accountants struggle to stay on top of their work, especially during peak seasons. This can lead to unhappy clients and frustrated teams – a deadly combination. Longer term, there’s fatigue and despondency. . Sometimes, leaders have difficulty diagnosing the problem.
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.
MyIRSRelief
MAY 2, 2022
Amending and or correcting a US corporate 1120 or 1120S business tax return (1120X), there are many reasons to do so: Corporate business returns often require amendments to correct errors or to claim overlooked income, deductions or tax credits after the filing of the returns, if located in Los Angeles, CA or other city. The process of correcting business corporate returns 1120 or 1120S requires different types of amended forms and an understanding of the refund procedures as well as possible ad
TaxConnex
MAY 5, 2022
You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. Misreading your nexus footprint. Besides the economic thresholds in each state, you should also be aware of creating a physical presence in various states.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
BurklandAssociates
MAY 2, 2022
Raise enough money to cover 18-24 months of runway based on your growth plans after the round while preserving as much equity as possible. The post How Much Money Should My Startup Raise at Series A? appeared first on Burkland.
Withum
MAY 5, 2022
Rajesh Tripathi. Principal Washington, DC. Calvin Yung. Manager – Withum. Ambassador Atul Keshap. President – United States India Business Council. John Campanella. CFO – Guidepoint Global. Food: Brazilian Barbecue “Churrasco” and “Feijoada” Sightseeing: Balneário Camboriú located in the State of Santa Catarina.
RogerRossmeisl
MAY 5, 2022
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use includes vacation use by your relatives (even if you charge them market rate rent) and use by non-relatives if a market rate rent isn’t charged.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
ThomsonReuters
MAY 5, 2022
Rev. Proc. 2022-24 (Apr. 29, 2022). Available at [link]. The IRS has released the 2023 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details: HSA Contribution Limits. The 2023 annual HSA contribution limit is $3,850 for individuals with self-only HDHP coverage (up from $3,650 in 2022), and $7,750 for individuals with family HDHP coverage (up from $7,300 in 2
Withum
MAY 4, 2022
New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as establishing a New York City PTET. The budget bill, which was signed into law on April 9, 2022, also accelerates individual income tax rate reductions, adds new or modifies some existing tax credits, among other
Accounting Insight
MAY 4, 2022
After two years of cancelled, postponed and virtual events, like everyone else, we are thrilled that in-person exhibitions and trade shows are back this summer. With the market evolving at a rapid pace and new solutions and product developments being designed to enhance the way you do business; it is important that your business and your clients keep up with the perpetual digital transformation.
RogerRossmeisl
MAY 5, 2022
An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value. The professional conducts detailed interviews and asks for a variety of documents when gathering information to use to value the business — and some of this information may provide objective insight into how much the owners believe the business is worth.
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.
Withum
MAY 3, 2022
Explore Other Episodes. #CivicWarriors #WithumImpact. The post Giving the Gift of Hope appeared first on Withum.
Intuitive Accountant
MAY 5, 2022
Today is the last day to vote for Insightful Accountant's 2022 Top 100 ProAdvisor and ProAdvisor of the Year Awards. Voting closes tonight at 11:59:59 (PST).
Reckon
MAY 2, 2022
In this year’s federal budget, amid the headlines and electioneering, came some important tax breaks for small businesses to incentivise the uptake of new technology. There were in fact two separate tax incentives announced, one designed for business technology purchases and one for skills and training. The twin measures are known as the ‘ Small Business Technology Investment Boost ’ and the ‘S mall Business Skills and Training Boost ’.
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.
Withum
MAY 3, 2022
On May 1, 2022, Leneé Lyte , founder and CEO of boutique firm LYRC CPA, joins Withum to bolster the Firm’s Government Contractors Services practice. Withum, a nationally recognized CPA and advisory firm with 18 offices and annual revenue of $360M, ranks in the top 25 firms in the country. Leneé will join the Withum roster as a Principal in the Washington, DC office, increasing the Firm’s regional presence in its nationwide Government Contractor business.
Intuitive Accountant
MAY 5, 2022
Too many things happening too fast? Internationally renowned ProAdvisor Esther Friedberg Karp explains why it happens—and offers some tips for how to manage the insanity.
Dent Moses
MAY 2, 2022
When I was a kid, my grandparents kept several envelopes of cash in a desk drawer. It was their budgeting system and when money would come in it was allocated between various upcoming expenses each in a different envelope. It was very quaint, but I never recall them expressing any stress about money. The world changed and the next generation did something similar, but the money was in a checking account.
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.
Canopy Accounting
MAY 3, 2022
Loved by our customers. And loved by our customers’ customers. Canopy is building a better (and always improving) accounting practice management software platform for the accounting industry. We’ve been working hard and listening to feedback. And it looks like our clients have noticed.
Withum
MAY 3, 2022
Most kids learn the story about George Washington chopping down the cherry tree, and when he was asked about it, he said, “I cannot tell a lie. I did it.” That story is a lie. It never happened. . Do you know the story about Columbus telling everyone that he had a faster route to India because he knew the world was round while everyone else thought the world was flat?
Going Concern
MAY 3, 2022
Last week I wrote about the current Prometric mask rule as of May 2022 which in essence says you don’t have to wear a mask at the testing center but you can if you want to. This distinction is important as Prometric has always been a bit of the TSA on steroids when it comes to prohibited items — if they wanted to they could certainly ban masks in the testing center altogether like they do practically everything else.
ThomsonReuters
MAY 5, 2022
Fisher v. Aetna Life Ins. Co., 2022 WL 1193999 (2d Cir. 2022). Available at [link]. In a dispute over an insurer’s interpretation of a health plan provision incentivizing use of generic drugs, a federal appeals court has held that the regulation establishing an “embedded” individual cost-sharing limit under the Affordable Care Act (ACA) does not apply before January 1, 2016.
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
Canopy Accounting
MAY 2, 2022
The “Great Resignation.” We’ve heard a lot about it over the past 12 months or so, but data from the U.S. Bureau of Labor Statistics reveals that the average quit rate has actually been increasing every year since 2009.
CTP
MAY 6, 2022
Brought to you by Tri-Merit. High-performing accounting firms focus on providing high-value, specialized services tailored to their clients’ needs. If you are offering tax planning, that often means addressing industry or situational-specific solutions. . Expanding your offerings through referral partners is a great way to add more value to your clients’ businesses while growing your revenue to service your clients at the highest level.
Accounting Web
MAY 3, 2022
Trends How to Optimize Tax Season With New Software.
ThomsonReuters
MAY 5, 2022
QUESTION: I have been asked to make sure that our 401(k) plan is ready for a possible sale of the company. I understand that buyers typically ask for a determination letter to help assure that a plan is qualified, so I’m thinking we should get one. But I’ve heard that determination letters aren’t always available. When can a 401(k) plan be submitted for a determination letter?
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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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