Sat.Oct 10, 2020 - Fri.Oct 16, 2020

article thumbnail

Soft Skills: The Key to Making Good CFOs Great CFOs

BurklandAssociates

Conventional wisdom holds that the person leading a business's finance function is highly quantitative by nature. By and large, this is true. But after working with hundreds of venture-backed startups Read More. The post Soft Skills: The Key to Making Good CFOs Great CFOs appeared first on Burkland.

Finance 316
article thumbnail

Getting the Goods on Inventory Theft

RogerRossmeisl

Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return items to the wrong shelves or customer returns are flubbed. It’s even possible that you’ve made a mistake and need to perform a recount. But if you suspect something more sinister — such as employee theft — don’t hesitate to call in reinforcements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case. Gain a better understanding of your sales and use tax obligations with these frequently asked questions we have received from businesses that provide services. 1. My business sells software and provides other computer services.

Sales 219
article thumbnail

Resetting the Partnership: Key Questions and Strategies

PANALITIX

RESOURCES / ARTICLES. Resetting the Partnership: Key Questions and Strategies. Panalitix is working closely with accountants looking to strengthen their partnerships. Some assignments involve brand new firms where there is a lot of excitement as accountants embark on their entrepreneurial adventure. In other cases, well-established partnerships need to re-calibrate (or re-set) their foundations.

article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

article thumbnail

Are You Required to Give Employees Time Off to Vote?

Patriot Software

As a small business owner, you may offer types of paid or unpaid time off to employees. But when election day rolls around, do you give employees time off to vote? Read on to learn about offering time off to vote, voting leave laws by state, and whether you can refuse voting leave. Giving employees […] READ MORE.

payroll 141
article thumbnail

How to Handle Business Website Costs for Tax Purposes

RogerRossmeisl

The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply to the deductibility of business costs, and IRS guidance that applies to software costs, provide business taxpayers launching a website with some guidance as to the proper treatment of the costs.

Tax 130

More Trending

article thumbnail

PayPal Invests In Extend As Merchants Seek New Ways To Boost Online Conversion

PYMNTS

As the shift from paper to digital has accelerated the transformation of many a legacy business with aging tech, CEO Woodrow Levin of Extend says it’s important to add extended warranties to that list. Merchants used to have a tiny conversion rate when offering customers extended warranties by paper, and that only got a little better when they switched to POS systems.

article thumbnail

New Rules Simplify Forgiveness for PPP Loans of $50K or Less

Katz,Sapper&Miller

Late last week, the U.S. Small Business Administration and the Department of the Treasury issued an interim final rule (IFR) that simplifies loan forgiveness for borrowers that received Paycheck Protection Program (PPP) loans of $50,000 or less. It’s important to note that the IFR did not make forgiveness automatic, but the new loan forgiveness application, Form 3508S, is significantly easier to complete than the standard loan forgiveness application, Form 3508.

105
105
article thumbnail

5 Tips to Help Prompt Customer Payments

RogerRossmeisl

(This is Blog Post #903). The post 5 Tips to Help Prompt Customer Payments appeared first on Roger Rossmeisl, CPA.

CPA 130
article thumbnail

New PPP Loan Forgiveness Application for Loans $50,000 or Less 

CapataCPA

New PPP Loan Forgiveness Application for Loans $50,000 or Less The Department of Treasury introduced a new, easier loan forgiveness application on October 8, 2020 for companies that have received PPP loans of $50,000 or less. No calculations for loan forgiveness are needed as borrowers won’t be subject to FTE or wage reductions. Borrowers should. The post New PPP Loan Forgiveness Application for Loans $50,000 or Less appeared first on CPA firm in Orange County, CA | CAPATA.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

article thumbnail

Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge

PYMNTS

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. 21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time.

Start-ups 129
article thumbnail

Preparing Your Business for Sale: 5 Keys to Success

Katz,Sapper&Miller

If you’re thinking about selling your business right now, you’re not alone. The pandemic has added to the sense of urgency for owners who were already inclined to sell, and it probably has many others, who were previously uninterested in selling, wondering if now might be the right time.

Sales 98
article thumbnail

Top Tips For Effective Time Management for Accountants

CTP

Time is money, and this is especially true for accounting professionals. The more efficiently you operate your schedule, the more money you’ll make and the less work you’ll have to do. Yet, time management is something that most accountants struggle with at one point or another, and something that almost all of us could stand […]. The post Top Tips For Effective Time Management for Accountants appeared first on certifiedtaxcoach.

article thumbnail

Do You Really Understand the Cost of Your Accounting?

AccountingDepartment

One of the first questions typically asked when a prospective new client approaches us about taking over their accounting is “How much does it cost?”.

article thumbnail

Back to Basics with Reconciliations

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.

article thumbnail

How To Capture The Consumer With Digital Wallets In Their Purses And Back Pockets

PYMNTS

In a time of increasing change for retailers and consumers, the current global climate has begun accelerating the future of retail trends at a much quicker pace than previously envisioned. However, one thing still rings true: Consumers need a reason to change ingrained behaviors. Helena Mao , vice president of global product strategy for payments at Blackhawk , spoke to PYMNTS, explaining why many consumers were slower to adopt the rollout of mobile wallets and payment methods in places like the

Retail 126
article thumbnail

What's Next for Manufacturers? Planning and Forecasting in a COVID-19 Era

Katz,Sapper&Miller

For manufacturers, 2020 has been one long slog of wondering, “What do we do next?” As businesses head into the fourth quarter – facing year-end planning pressures while simultaneously managing through a pandemic – the answer to this question may be more important than ever before.

article thumbnail

PPP Loan Forgiveness Application Explained

GrowthForceBlog

* UPDATE October 15th, 2020 : I nitially, Paycheck Protection Program (PPP) repayments on any remaining debt were set to begin six months after the loan was disbursed. Now, Congress has revised the law and extended the period to give back the loan. PPP loan holders now have up 16 months to apply for forgiveness. For most borrowers, this means the issue won’t become urgent until 2021.

article thumbnail

Big PPP Loan Forgiveness News For Skagit County Businesses

SkagitCountyTaxServices

You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that? Well, they did it! Except it is for even smaller loans (under $50K). And it’s not “automatic”, but it is very, very easy.

payroll 52
article thumbnail

Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

article thumbnail

Why 2021 Will Be Real-Time Payments Break-Out Year

PYMNTS

It’s been three years since The Clearing House rolled out its Real-Time Payments (RTP) network, but Mark Ranta, payments practice lead at Alacriti, tells PYMNTS that 2021 will be the year FIs migrate to the technology in record numbers. Only if, he says, there’s better alignment between the bank bill-pay model and the biller-direct model. Here’s why. .

Education 126
article thumbnail

On-Demand Webinar: Bridging the Gap at Your Not-for-Profit

Katz,Sapper&Miller

What is a gap analysis, and why is conducting one so important for not-for-profit organizations? Whether it’s to increase funding, pursue new opportunities, prioritize needs, or benchmark performance, a gap analysis can help a not-for-profit organization accomplish its goal.

52
article thumbnail

How to Start A Business in 2020: Step-by-Step Guide

LyfeAccounting

?. Let’s be honest. Starting a business isn’t very easy. So I can understand where the hesitation comes from. I mean a lot of people think, and a lot might say, “Whoa, I don’t want to get into debt especially with 8 out of 10 new businesses failing. It’s risky.”. Well, here’s the thing, how to start a business in 2020, is easier than it’s ever been before.

article thumbnail

CPAFMA VIRTUAL LEARNING OPPORTUNITY

RitaKeller

“The beautiful thing about learning is that nobody can take it away from you.” – B.B. King. A great opportunity to learn what’s happening in the world of CPA firm management! Understanding the challenges firms have faced in 2020, CPAFMA has designed this virtual opportunity to be affordable and inclusive, providing the opportunity for up to five members of the firm’s leadership group to participate for one low price from the convenience of one’s home or office.

article thumbnail

Harness the Potential of Your Enterprise Knowledge

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.

article thumbnail

How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks.

B2B 125
article thumbnail

15 Jokes About Accountants

IgniteSpot

article thumbnail

Small Business KPIs: How to Develop Key Performance Indicators to Grow a Thriving Business

LyfeAccounting

?. There is no way you can grow and manage a small business without understanding your KPIs, which are key performance indicators. It doesn’t matter if you’re a startup, growing small business, or major enterprise – if you do not know what KPIs are correlated to the success of your company, I can guarantee that you will eventually mismanage your business.

article thumbnail

How-To Guide to Fraud Investigations Course (CPA Crossings)

FraudFiles

Coming up on Monday, October 19: How-To Guide to Fraud Investigations course at CPA Crossings. This is a 2 hour online course, and is the third in a 4 part series on conducting # fraud investigations. This is your chance to learn some fraud investigation techniques that I use in many investigations, and it is inexpensive at only $89 for 2 CPE credits!

CPA 40
article thumbnail

Solve Your Firm's Automation Complexities Once and For All

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.

article thumbnail

EU Puts Up To 20 Firms On Regulatory Hit List

PYMNTS

European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times (FT). Large platforms on the list will have to deal with the tougher regulations as opposed to smaller companies, such as new rules forcing them to share data and offer transparency on how they gather information, sources told FT.

Legal 125
article thumbnail

Budget vs Actual Analysis

IgniteSpot

97
article thumbnail

Bookkeeping Basics for Small Business (Everything You Need To Know)

LyfeAccounting

? ?. Today, I’ll be deep-diving into the bookkeeping basics for small business. And by the end of this post, you’ll understand the importance of bookkeeping and how to properly complete your bookkeeping in just a few simple steps. You see, here at LYFE Accounting, we handle the books for small business owners everyday and have a time-tested 6-step process that helps small businesses make better financial decisions that lead to greater profitability.

article thumbnail

Two Things

RitaKeller

“Love all, trust a few, do wrong to none.” – William Shakespeare. For this Friday flashback post, there are two things to remember: Be prepared and work with people you trust. Read more about these two things in this post from April.

40
article thumbnail

It Takes Two to Tango

With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.