Accounting Today

AUGUST 29, 2022

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accountant accounted Account 98

RogerRossmeisl

AUGUST 28, 2022

Sometimes, bigger isn’t better: Your small- or medium-sized business may be eligible for some tax breaks that aren’t available to larger businesses. Here are some examples. QBI deduction For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not available to C corporations or their shareholders.

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Tax income tax CPA business tax 246

KROST

AUGUST 30, 2022

A Spousal Lifetime Access Trust (SLAT) is a trust established between spouses. Essentially, one spouse gives the other spouse assets in an amount that uses up the unused Federal Estate Tax Exemption. The trust of one spouse must be materially different from the trust of the other spouse. The reciprocal trust doctrine allows the IRS Read the full article.

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Tax 71

Summit CPA

AUGUST 31, 2022

When is the best time to fix the roof? Before the rain, right? Well, the same is true of your business. Your business needs a CFO before the figurative rain. And where do you look to check for rain? A forecast. That is exactly what a Virtual CFO (VCFO) provides to your business. Using advisory services and a forecast, they make sure your business can weather any storm.

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CPA accountant accounted Account 52

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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

Finance

Ryan Lazanis

SEPTEMBER 1, 2022

As you grow and develop your own firm, mistakes will inevitably happen. That’s why in this podcast episode, I will share with you the 5 things I wish I would have done differently to help make your life easier during your firm-building journey. Listen Below. 0:55 – The first thing I would have done differently would have been to delegate more. 1:43 – So many firm owners I see are involved with all areas of the business when in actuality they can hire and delegate. 2:09 –

Education 98

Education accounted Account accountant 98

IgniteSpot

AUGUST 29, 2022

What Is a Virtual CFO? You’re probably familiar with the role of chief financial officer (CFO), but your company doesn’t have one. yet. CFOs are usually high-level business executives, commanding high salaries to match. But small- and medium-sized businesses like yours might not be ready for that. Virtual CFO services provide an alternative to in-house financial expertise as you continue to scale.

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TaxConnex

SEPTEMBER 1, 2022

This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. The following is a list of 3 things you need to know to get started in understanding your economic nexus footprint. 1.

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BurklandAssociates

AUGUST 30, 2022

The best fractional CFOs for startups are trusted partners, excellent collaborators and communicators, and add exponential value. The post 5 Qualities of the Best Fractional CFOs for Startups appeared first on Burkland.

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Snyder

AUGUST 29, 2022

Why is the Reconciliation feature so important? Reconciliation is the process of identifying and correcting accounting mistakes, omissions, or inconsistencies in financial records. It’s a process that every company must go through to ensure their books are balanced and accurate. Having an organized reconciliation system can save you time and money by reducing manual intervention and minimizing the risk of error.

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E-commerce quickbooks accounting software accounting and finance 52

RogerRossmeisl

AUGUST 28, 2022

As posted to the Redwood Materials YouTube page on 8/11/22 Run Time 41 minute, 15 seconds In this clip, JB Straubel, Founder & CEO of Redwood Materials and Tesla co-founder & former CTO details how recycling lithium-ion batteries will cost effectively help EV demand & supply chain needs. Of concern however is that legacy automotive manufacturers haven’t “done the math” on attaining the raw materials needed to produce batteries in their transition to electric vehicles, and skepticism

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CPA Manufacturing cpa firm Technology 49

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

Technology

TaxConnex

AUGUST 30, 2022

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps. A mobile application, or app, is a program or software application to run on a mobile device.

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Accounting Today

SEPTEMBER 1, 2022

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audit Technology 145

MyIRSRelief

SEPTEMBER 1, 2022

Although the 2022 Inflation Reduction Act (IRA) was touted as being a bill designed to reduce inflation, it carries with it considerably more baggage. In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited.

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audit tax return Tax Education 130

RogerRossmeisl

AUGUST 28, 2022

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals depending on how old you are when you take them and what you do with the money. Important: Once you reach a certain age, you must start taking required minimum distributions from your traditional IRAs to avoid a different tax penalty.

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Tax CPA 246

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Account

Withum

AUGUST 30, 2022

On July 8, 2022, the IRS issued a simplified method for taxpayers to obtain an extension to make a portability election. This new publication, Rev. Proc. 2022-3,2022-1 IRB 144 , has superseded the 2017 publication, Rev. Proc. 2017-34,2017-26 IRB 1282. A portability election is an election that allows a surviving spouse to apply a deceased spouse’s unused exclusion, also known as their “DSUE” amount, to be transferred to the surviving spouse for any Federal estate and gift tax purposes during th

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tax return Tax 122

Accounting Today

AUGUST 29, 2022

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accountant accounted Account 140

Going Concern

AUGUST 29, 2022

Earlier today the PCAOB gave KPMG of the South African variety a slap on the wrist and punished a couple of partners for the firm collaborating with an outside accounting firm not registered with the PCAOB on three years ’ worth of audits of a public company. That non-registered accounting firm was KPMG Zimbabwe. And these two KPMG affiliates have a history of getting into trouble together.

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audit chartered accountant accounting firms public accounting 24

RogerRossmeisl

AUGUST 28, 2022

The IRS has released a procedure (Rev Proc 2022-32) that provides a new, simplified method for obtaining an extension of time to make a “portability” election. A portability election allows a surviving spouse to apply a deceased spouse’s unused exclusion (DSUE) amount to their own transfers during life or at death. New simplified method The new procedure allows certain estates to use to obtain an extension of time to elect portability of a DSUE amount.

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tax return CPA Tax 243

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?

Finance

Patriot Software

AUGUST 31, 2022

If you want to pay an employee supplemental compensation, such as a bonus or a relocation payment, you must withhold payroll taxes just like with regular wages. But, what if you want an employee to receive a specific amount after taxes? That is when you gross-up payroll figures. And to do that, you need to […] READ MORE.

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payroll payroll tax Tax 116

Accounting Today

AUGUST 30, 2022

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cpas Technology 119

Intuitive Accountant

AUGUST 30, 2022

If you've ever listened to business radio very long, you most likely have heard ads for Patriot Payroll. Along with payroll and integration with QuickBooks and QuickBooks Time, it offers time-keeping and HR.

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payroll quickbooks 112

RogerRossmeisl

AUGUST 28, 2022

Within a relatively short period, corporate environmental, social and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a more unified business imperative. This is largely because investors, employees, customers and other stakeholders have demanded it. But as companies ramp up ESG spending and require executives to meet ESG objectives, the likelihood of fraud also increases.

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CPA Government accounted Account 242

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!

Technology

Patriot Software

SEPTEMBER 1, 2022

Do you know how to hire employees? What all goes into the hiring process? For starters … a lot. Too much for one regular article to cover, which is why I’ve written this mega article. After over 30 years of trial and error, I know how to avoid hiring losers. So, I’ve wrapped up my […] READ MORE.

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payroll 111

Accounting Today

AUGUST 30, 2022

tax planning 116

tax planning Tax 116

Xero

SEPTEMBER 1, 2022

One of the greatest challenges for small businesses is accessing capital when they need it most. My experience has shown this is a complex problem to solve and one I believe businesses, accountants and lenders must all solve together. So I was excited to host a panel discussion at Xerocon London with three experts to understand how small businesses can feel supported on their finance journey. .

Finance 109

Finance bookkeeping accounting and finance Non-Profits 109

Intuitive Accountant

SEPTEMBER 1, 2022

WholesalePayroll is a different way to think about payroll. It's a product you can brand with your own identity, even a solution you can embed—an opportunity you should consider exploring.

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payroll 105

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.

Finance

Patriot Software

AUGUST 30, 2022

Employees love raises. Regular raises can improve employee happiness and put them in a better financial position. And, raises can reduce your employee turnover. You can give raises for merit or increasing job value. You might also give a cost of living raise. Employee raise expectations and employer plans are out of sync. Our free […] READ MORE.

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payroll 105

Accounting Today

AUGUST 29, 2022

Tax 116

Tax 116

Xero

SEPTEMBER 1, 2022

When you’re at Xerocon Sydney on 7 and 8 September, please take the chance to find out about some of the best and most loved apps, tools and services from across the accounting and small business industries. This year, more than 70 cutting edge app partners from the Xero App Store will be exhibiting at Xerocon Sydney. Whether it’s help with payments, practice workflow management, time tracking or document management, there’s something for everyone.

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Technology bookkeeping accounting and finance Spend Management Tools 21

Intuitive Accountant

AUGUST 28, 2022

Today is history in the making as America returns to the Moon. Artemis I is scheduled to lift off from NASA's Kennedy Space Center at 8:33 a.m. (EST). Destination: The Moon.

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accounting and finance