Mark Lee
MAY 30, 2023
Seven years is a long time, isn’t it? Back in March 2016, a research student was asking accountants how much of their business comes from social media. She asked me too as I was already known for being more active than most, I was already highly ranked online for accountants but also cynical about the hype (even back then) surrounding the use of social media by accountants.
Going Concern
JUNE 1, 2023
In the WaPo opinion pages yesterday one Duncan Mavin, who got his start in the 90s, says the best way to solve the audit industry’s many conflicts is to kill it altogether. He starts the piece summoning the ghost of Enron, as all writers do when discussing what happens when audit goes wrong. Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax av
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Ryan Lazanis
JUNE 1, 2023
For this podcast episode, I want to share three marketing strategies that your firm should steer clear of, along with the compelling reasons behind this advice. Listen below. 0:36 – It’s important to note that while these strategies have the potential to be effective, they often fall short due to their flawed setup and execution. 0:46 – The first marketing strategy to avoid is paid ads, as it tends to underperform due to various factors despite its initial simplicity. 1:30 R
MyIRSRelief
JUNE 1, 2023
Tax problems can be a nightmare for individuals and businesses. It can cause stress, anxiety, and even serious seizure issues if not handled correctly. Tax audits, unpaid back taxes, and unfiled tax returns are just some of the most common tax-related issues that can arise. While dealing with these problems on your own can be overwhelming, hiring a professional tax firm can provide you with a peace of mind and efficient resolution.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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.
Accounting Insight
JUNE 1, 2023
Over a third (36%) of accountants are considering leaving the profession in the next five years, including 30% of under 25s, new data from cloud pre-accounting platform Dext has revealed. This is particularly concerning as the number of accountancy students has decreased in recent years. Dext surveyed 250 accountants and bookkeepers across the UK to determine accountant attitudes towards the profession and what they need to be happier in their roles.
Anders CPA
JUNE 1, 2023
Between a labor shortage and the Great Resignation, hiring and retaining experienced talent has been difficult – and employers are tired. But how can companies find the talent they need while staying true to their culture and values? In this episode of But Who’s Counting? , host David E. Hartley met with female founder and HireLevel. CEO Teresa Katubig to discuss the ways that leadership can hire, train and take accountability for employees, whether they’re in temporary or permanent positions.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Xero
MAY 31, 2023
With the cost of living continuing to rise, putting pressure on many households, it’s timely for small business owners to think about consumer confidence. Consumer confidence is an important economic indicator for small businesses that mainly sell to households, because “consumers” is really just another word for your “customers” Looking at the most recent figures, the OECD Consumer Confidence Index remains below 100 in Australia, Canada, New Zealand, South Africa, the
MineralTree
JUNE 1, 2023
Managing accounts payable can be a time-consuming and challenging task, especially for businesses with limited resources. Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency. QuickBooks is a popular accounting software for small and mid-sized businesses.
MazumaBusinessAccounting
JUNE 1, 2023
Are you looking for reliable bookkeeping services for your business? Like many business owners, you may not know where to start. When you are passionate about your business but the numbers are overwhelming and challenging for you, competent and professional bookkeeping services can easily take care of the dollars and cents on your behalf. If you would like to be truly profitable and successful, you have to keep tabs on your business finances.
TaxConnex
JUNE 1, 2023
Last time, we looked at trailing nexus and a few reasons you might want to cancel your sales tax registration with a state. You can want to do this for many reasons. A few of them: your company doesn’t have nexus in a state or jurisdiction anymore and you don’t expect to have it again soon; the state has enacted marketplace facilitator laws and now the marketplace is responsible for collecting and remitting the sales tax; your business is passing to new ownership.
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.
BurklandAssociates
JUNE 1, 2023
A professional services model can provide the revenue you need to scale your product while delivering valuable market insights. The post Hatching a SaaS Startup? Consider Leading with Services appeared first on Burkland.
Acterys
MAY 31, 2023
Acterys, a global provider of next generation planning and analytics solutions, has signed a significant licensing agreement with Microsoft to include Acterys’s xP&A technology with Microsoft’s Dynamics 365 xP&A offering. The Acterys xP&A (eXtended planning & analytics) Suite seamlessly integrates and combines information from multiple sources, storing it in a cloud-based repository.
CPA Practice
MAY 30, 2023
By Joseph Graziano, CFP®. Clients want more from your firm than basic accounting and compliance work. In fact, a recent report from Thomson Reuters found that 95% of surveyed accounting firms said their clients want more advisory services. While the demand may be there, many firms are hesitant to add these offerings simply because they don’t know how to market them.
TaxConnex
MAY 30, 2023
You know all about reaching sales tax nexus: selling enough or having a physical presence in a tax jurisdiction sufficient to create a connection with that jurisdiction and create an obligation for you to collect and remit sales tax. But business and sales patterns change over time. Your sales into a state where you once registered may drop off. Remote sales reps or techs could leave a state or leave your company.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Going Concern
MAY 31, 2023
Discountenanced Credit Suisse stockholder Gregory Stevenson is suing 29 of Credit Suisse’s current and former directors and officers, the bank’s ex-auditor KPMG, and various KPMG henchmen on behalf of investors alleging the firm looked the other way while aforementioned directors and officers plundered the bank for more than a decade. The docket number is No. 1:23-cv-04458 in Southern District of New York ( Stevenson v.
Withum
JUNE 2, 2023
Transfer pricing professionals have the pleasure (and the challenge) of specializing in a discipline that is increasingly valuable, though often unfamiliar, even to those who need it the most. At a cocktail party, revealing you are a transfer pricing specialist can be met with the same response reserved for an unusual charcuterie board. Partygoers are generally unfamiliar but maybe a little intrigued, and if you explain the value of the subject matter well enough, they just might give it a bite.
CPA Practice
JUNE 1, 2023
The IRS and the Treasury Department on Wednesday provided additional information about the application process and technical guidance for the qualifying advanced energy project credit program under section 48C of the Internal Revenue Code, which was re-established last year by the Inflation Reduction Act. The qualifying advanced energy project credit program renews and expands a tax credit created in 2009 through the American Recovery and Reinvestment Act.
ThomsonReuters
JUNE 1, 2023
IRS Notice 2023-43 (May 25, 2023) Available at [link] The IRS has issued Notice 2023-43, providing interim guidance on the expanded self-correction program under the Employee Plans Compliance Resolution System (EPCRS). As background, the SECURE 2.0 Act made sweeping changes to self-correction under EPCRS (see our Checkpoint article ). While the changes technically took effect December 29, 2022, the extent to which the SECURE 2.0 Act changes plans’ current self-correction options is uncertain b
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
Going Concern
MAY 29, 2023
Presumably because the many apologies and decisions made before this letter have not sufficiently gotten the heat off their backs (and boy is it hot ), PwC Australia published an open letter apology on their website Monday. The entire text, including the formatting, appears in below. At issue, if you make your residence under a rock, is how former PwC partner Peter Collins took confidential information he received through consulting the government on tax matters and leveraged this information to
Basis 365
JUNE 1, 2023
Marketing agencies often make accounting mistakes due to their primary focus on marketing activities rather than financial management. These mistakes can significantly affect their financial health and overall business operations. However, a practical solution to avoid these pitfalls is to consider outsourcing their accounting needs to professionals who specialize in accounting services for marketing agencies.
CPA Practice
JUNE 1, 2023
By Evan T. Beach, CFP, AWMA, Kiplinger Consumer News Service (TNS) When was the last time you went to the doctor feeling like you were on your deathbed and were told, “Hydrate, get lots of rest and, for goodness’ sake, wash those hands!” The personal finance equivalents tend to go like this: “Save 15% of your pay. Have an emergency fund. Don’t get into credit card debt.
Cherry Bekaert
JUNE 1, 2023
In today’s interconnected world, where organizations count on various software technologies to streamline operations, the implication of system integration is significant. Developing a robust IT infrastructure can be an intricate process that requires time and resources, while having a big-picture perspective. In this episode of Cherry Bekaert’s Digital Journeys podcast and the third part of our system integration series, Jim Holman , Director and Strategy & Operations Leader, recon
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
Going Concern
JUNE 2, 2023
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Bye. Technology AI threat will motivate workers to return to the office, says PwC chair [ The Telegraph ] Kevin Ellis, chairman of PwC, said the popularity of AI software will drive employees to abandon working from home as they
Canopy Accounting
MAY 31, 2023
Ryan Lazanis, CPA and founder of Future Firm shares his unique 6-Step blueprint to a modern firm that increases your freedom and improves your lifestyle.
CPA Practice
MAY 30, 2023
Certified Public Accountants from across the nation made their way to Capitol Hill last week to meet with lawmakers on issues important to the accounting profession during the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members Meeting from May 23-25. Among the top issues on the agenda for CPAs were a Congressional resolution on the fiscal state of the nation and support for three key issues: establishing the accounting profession as a STEM career pathway, simplifying
AccountingDepartment
MAY 30, 2023
It's summertime at AccountingDepartment.com and we have all sorts of fun things happening! To kick off the summer season this past Memorial Day weekend, we launched our 12th annual ADC Summer Challenge.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Going Concern
JUNE 1, 2023
Undeterred by the embarrassment of Everest’s implosion, EY proudly announced today that 966 people have been promoted to partner across the globe. That’s down from the record 1,033 promoted to partner in 2022. The obligatory press release makes sure to mention that these promotions reflect continued growth and strong business performance by the organization.
Insightful Accountant
MAY 29, 2023
The scholarship will extend the influence of the Society’s retiring President and CEO by awarding a $5,000 scholarship to a deserving undergraduate or graduate student pursuing an accounting degree in Massachusetts.
CPA Practice
JUNE 1, 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA & CIMA Now Offers New Learning Tools for Accounting Professionals The AICPA & CIMA recently announced the offering of anew online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment.
Cherry Bekaert
JUNE 2, 2023
Two new tax credits were enacted in California, which begin in tax year 2023 and extend through 2027. Cannabis businesses generally cannot deduct business expenses for federal income tax purposes, so to alleviate the tax burden and offset operating costs, California is providing a measure of tax relief for the industry. These two new credits are the High-Road Cannabis Tax Credit and Cannabis Equity Tax Credit.
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