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: 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
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.
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
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.
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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.
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).
AccountingDepartment
MAY 5, 2022
From one-man-teams to small and medium-sized businesses, accounting services are now a mandatory requirement of operations. But you probably don't need to hire an accountant or bookkeeper internally; you just need a trustworthy professional to work with.
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?
Patriot Software
MAY 4, 2022
Tips, multiple pay rates, and labor laws, oh my! When you have a restaurant business, there can be a lot that goes into payroll. From learning tip requirements to setting up a restaurant payroll solution, we’re here to help you become a pro at handling restaurant payroll. How to do restaurant payroll Payroll for restaurants […] READ MORE.
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.
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.
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!
AccountingDepartment
MAY 3, 2022
Professional service automation is taking the business world by storm. This process is where procedures and tasks are automated through a software application. Service-oriented businesses, project managers, consultants, and many more are using this process. It is designed for any industry that relies on information and knowledge. The industries that can benefit from this include engineering, marketing services, management consulting services, advertising, and architecture.
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 ’.
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.
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?
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.
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.
Patriot Software
MAY 2, 2022
Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you. You must make payroll changes and provide written notices to your employees. But we’ll get […] READ MORE.
Xero
MAY 4, 2022
What if I told you that migrating to Xero Payroll has just been made easier with the support of a new guide including many additional key tips from our amazing UK payroll team. . I’ve been working in the Xero Partner consulting team since October last year. Prior to landing my dream job with Xero I worked with a few different accountancy practices, from those just starting out with Xero to those much further along on their cloud accountancy journey.
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.
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