2022

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Accounting Firms Are Embarrassing Themselves on the Talent Dating Market

Going Concern

It’s December 2022 and we’re now a good year into “The Great Accounting Shortage,” the depth of which won’t truly be known until the fines start rolling in for p**s-poor audit work performed by skeleton crews. So, any day now. I’m sharing this r/accounting post so six months from now we can look back on it and fondly remember a time when it seemed desperate for partners to be out combing the LinkedIn meat market for talent leads.

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Council Post: Three Ways Today’s Accounting Professionals Can Increase Their Value

Accountant Advocate Submitted Articles

As the profession undergoes digital transformation, traditional roles and activities of accountants must change and transform, as well.

Account 246
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What CPAs need to know about the new SEC marketing rule

Accounting Today

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Here’s What Happens When You Hire AI to Do Accounting

Going Concern

For a good decade we’ve heard about the robots that are going to render accountants obsolete, now we finally get a peek at the glorious technology that will transform the industry as we know it. You should prepare yourself, this advanced technology will have you on the University of Phoenix website ASAP to get a jump on the Master’s of Tik Tok degree you’ll need if you have any hope of being employed in the next five years.

Account 116
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Financial Benchmarks for SaaS Startups, a Self-Assessment Tool

BurklandAssociates

One of the most frequent questions Burkland CFOs receive from our SaaS startup clients and their investors is, “how do we compare to other SaaS startups?” It is a good Read More. The post Financial Benchmarks for SaaS Startups, a Self-Assessment Tool appeared first on Burkland.

Account 336
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The Average Cost of Living by State, and Why Ignoring it Could Sink Your Business

Patriot Software

You hear about it all the time in the news—Cost of living rising! Maybe you think about it on a daily basis—Do I earn enough to cover my standard of living? But, how often have you thought about the relationship between the cost of living and your business? If it’s crossed your mind before, then […] READ MORE.

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More Trending

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IRS Warns About False Employee Retention Credit Claims

Withum

On October 19, 2022, the IRS issued a press release ( IR-2022-183 ) warning taxpayers to be wary of third parties who advise them to claim an employee retention credit (ERC) when they do not qualify. According to the IRS, these third parties “often charge large upfront fees or a fee that is contingent on the amount of the refund.” The IRS is also concerned that these third parties “may not inform taxpayers that wage deductions claimed on the business’ federal income tax return must be reduced by

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Will AI Replace Humans? The Impact of Artificial Intelligence on the Human World

Snyder

Have you heard about a Hong Kong company appointing a computer algorithm to its board of directors? Will AI run big companies of the future or seize other positions? We know that technology makes our lives easier , but AI elevates it to another level. Artificial Intelligence is the term that has been exciting human minds and imaginations in recent years.

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How should small businesses balance artificial intelligence, automation and data privacy?

Xero

We recently held our fourth Xero Responsible Data Use Advisory Council meeting via Zoom with seven council members across four time zones to discuss the most important emerging trends around responsible data use for small businesses. How time has flown – we’ve nearly completed our first year of a council. The council includes myself, Samuel Burmeister of Tall Books (advisor), Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (analyst), Wyndi and Eli Tagi of WE Accou

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Survey Tackles Root of Industry Burnout

Intuitive Accountant

Utilizing the Maslach Burnout Inventory for the first time in an accounting setting, FloQast's survey reveals the alarming extent of burnout on professionals and its impact on critical accounting processes.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Lockstep announces AR automation partnership with SYSPRO

Lockstep

Seattle, WA – – Lockstep , the award-winning accounting automation pioneer, today announced it has partnered with SYSPRO to grow the connected accounting network. Lockstep will provide SYSPRO’s North American customers access to award-winning accounts receivable (AR) automation software, Lockstep® Receivables. Lockstep Receivables allows SYSPRO customers to manage the invoice-to-cash process through automated communication; customer-self-service, including online payment capabiliti

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What Contractors Should Know About Accounting

Accountant Advocate Submitted Articles

Government contractors are required to follow certain accounting guidelines to maintain their standing.

Account 246
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Free Small Business Expense Tracking Spreadsheet

xendoo

Small business expense tracking can be a tedious task. But, it’s one that all companies–from “mom and pop” shops to international enterprises–must do. Fortunately, business expense tracking apps make the job easier. If you have a business with many employees, sales, and tax considerations, an app is ideal. For some small businesses, however, paying a subscription fee for an expense tracker may not be feasible in the beginning.

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The IRS Is Paying an Unwelcome Visit to Alliantgroup (NEW UPDATES)

Going Concern

[UPDATE 5] Not sure if this is pertinent as to why the FBI and IRS raided Alliantgroup’s offices in Houston this morning, but one Alliantgroup employee who contacted us earlier today said the firm’s billing practices are unfair to its clients: For most clients there is a 35% fee cap for our services. Employees are incentivized to use this entire amount up.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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How to Simplify Communication With Clients

Accounting Web

Clients How to Simplify Communication With Clients.

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Connecticut Paid Family Leave and What to Know

Patriot Software

Connecticut joined the paid family leave states when employers began handling Connecticut paid family leave contributions in 2021. Time has flown by and it’s now 2022. What does that mean? Employees in Connecticut can now apply for benefits from the state’s paid family leave program. Read on to learn about the new Connecticut paid family […] READ MORE.

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Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

Overview. The U.S. Supreme Court settled the issue of the COVID-19 vaccine mandate for certain employers under the Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard (ETS) on January 13, 2022, by blocking its implementation. However, it ruled in favor of the Centers for Medicare and Medicaid Services (CMS) emergency regulations for COVID-19 vaccine requirements for certain healthcare workers. .

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Cyber Insurance Requires Implementation of Controls

Withum

Many organizations have been surprised when they find that cyber insurance premiums have gone up and they now have less coverage. Some organizations are not able to renew their insurance pending proof of meeting the insurance company’s requirements that they have the controls needed to protect and defend themselves against cyberattacks. In another organization, a cyber insurance company denied their renewal because they could not clearly identify their cyber risk which the insurance company stat

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Deloitte launches artificial intelligence initiative

Accounting Today

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Xero App Store apps Australian small businesses should know about this EOFY

Xero

As we look towards the new financial year, it’s the perfect time to reflect on what’s needed to make FY23 the best year yet for your business. One element that shouldn’t be underestimated is the tools and technology in your repertoire. Why? Our Xero Small Business Insights report shows embracing digital tools can help small businesses accelerate their growth. .

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How Independent Contractors Can Help Drive Business Growth

Intuitive Accountant

In today's changing workplace, many organizations are looking to complement their full-time staff with independent contractors to grow their business. WorkMarket's Bridget Quinn Kirchner explains how it works.

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Email is Not an Accounting Tool

Lockstep

Email is not meant to solve your accounting workflow management challenges.

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Join the Instant Payment Revolution: Read 7 Must-Know Facts for Small Businesses

Technology evolves at lightning speed, and as finance keeps changing, instant payments emerge as a game-changer for small businesses. By 2030, instant payments are projected to surge by 289% and will become the new norm in financial transactions. Our whitepaper reveals seven must-know facts about instant payments, offering to help you navigate this financial revolution effectively.

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Why Gen Z Holds the Key to Your Accounting Success

Accountant Advocate Submitted Articles

It's easy to see how a future workforce of Zoomers is poised to be a gamechanger for the accounting industry by addressing two of the industry's biggest challenges: talent and technology. Learn more.

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Ecommerce Accounting 101

xendoo

Crunching numbers may not be your forte, but every online business needs a strong eCommerce accounting plan. You’ll thank yourself later for enlisting some help to record and analyze your revenue, expenses, debts, and deductibles. Tracking your financial matters helps you understand the health of your business and ultimately allows you to make decisions based on real numbers, not just feelings.

Account 115
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CPA Firms That Referred Clients to Alliantgroup Have Been Subpoenaed, Asked to Turn Over 11 Years of Client Data

Going Concern

On May 20 the Houston headquarters of R&D tax credit consulting firm Alliantgroup was raided by the IRS , in the weeks since we’ve had plenty of speculation about the whys and we’ve heard countless accounts from current and former Alliantgroup employees about the “evil, toxic, and emotionally damaging company” that employed them.

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How Women are Overcoming Bias in Bookkeeping

Accounting Web

Bookkeeping How Women are Overcoming Bias in Bookkeeping.

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How CPA Firms Can Profit From Payroll Services Without the Extra Work

"Offer payroll and do it yourself,” they said. “It’ll be fun!” Spoiler alert: It was not fun. Most CPA firms know that they need to offer payroll services to their clients or risk losing them to another firm that will. However, many don’t really want to. It is often time-consuming and complex due to changing tax laws and regulations, and with the growing staffing shortages, most just don’t have the resources.

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Types of Invoices for Small Business

Patriot Software

Like many small business owners, you send customers bills after providing a product or service. An effective invoicing system gives customers more flexible payment options. You need to know which types of invoices to send customers for different situations. Types of invoices There are many different types of invoices you can send to customers. Each […] READ MORE.

Account 113
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Can Employers Pay Wages in Cryptocurrency?

ThomsonReuters

In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. Recently elected New York City Mayor Eric Adams added to the tweet responses on November 4, 2021, by writing that he would receive his first three paychecks via Bitcoin after being sworn in as mayor.

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Three Cybersecurity Gaps Not to Overlook

Withum

Cybersecurity Awareness: A Business Imperative. The landscape within cybersecurity has moved, and it is not just regulated industries that really need to be concerned about cybersecurity. Cybersecurity is a business imperative for all. It is a business decision to implement the best security practices to keep you, your business and employees safe. Three Cybersecurity Gaps.

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Why AI could be a financial director's best friend during busy season

Accounting Today

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.