Canopy Accounting

JULY 27, 2023

Accounting, often associated with long hours and tedious tasks, has long been considered a profession that requires extensive time commitments. However, the shifting landscape of the business world has opened up new possibilities for accountants to focus on outcomes rather than merely putting in long hours. By embracing efficiency and leveraging technology, accountants can revolutionize their approach to work, improving productivity and achieving better results for themselves and their clients.

Account 89

Account accountant accounted Technology 89

TaxConnex

JULY 27, 2023

Sales tax is meant to be a pass-through tax and thus one that should have minimal impact on a company’s bottom line. The sales tax is collected by businesses and “passed-through” to the taxing jurisdictions. Of course, there is cost associated with managing this compliance obligation; however, the costs of not managing the compliance process are significantly greater.

Sales 130

Sales Tax audit Start-ups 130

Going Concern

JULY 27, 2023

Last August the body of a 27-year-old woman was found at EY’s Sydney office early one Saturday morning , turns out the woman was an auditor at the firm and had returned to the office late Friday night to get some work done after drinking with colleagues earlier that evening. EY staff would later say they felt left in the dark on the situation and criticized leadership for a lack of transparency. “They brushed over the incident at the start of the call and then went on to talk about the EY

auditor 98

auditor Start-ups 98

Cherry Bekaert

JULY 27, 2023

The July issue of the Regulatory Compliance Digest features a summary of the latest updates from the Consumer Financial Protection Bureau (CFPB) on Section 1071, the clarification of guidance on multiple re-presentment fees, interagency guidance on the risk management of third-party relationships and a reminder to file Office of Foreign Assets Control’s (OFAC) annual report on blocked property by September 30.

Legal 98

Legal Account accountant accounted 98

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.

Account

CPA Practice

JULY 27, 2023

A Top Technology Initiative Article – August 2023, With so much coverage of Artificial Intelligence (AI), ChatGPT, and many trying to be “the expert,” I thought it was past time to turn to help you with your AI strategy. As noted in my April column , there are various innovative uses of AI and privacy risks for your client data. Additionally, as we covered AI tools in my June column , I recognized that my priorities for AI are not yours, nor should they be.

Technology 98

Technology audit Education accounting and finance 98

Withum

JULY 27, 2023

Over the last several years, it has become apparent how rapid the growth of collegiate Esports has become. What was once considered a pastime of playing video games after school has become a growing varsity sport for many colleges nationwide. Universities have also begun to heavily invest in arenas dedicated to Esports. For those athletes that never – in their wildest dreams – thought the day would come when gaming would be a significant collegiate sport, this is cause for celebration.

Sports 96

Sports Gaming Government 96

Cherry Bekaert

JULY 27, 2023

Throughout the past three years, there has been a sudden increase in temporary consulting firms or Employee Retention Credit (ERC) Mills, encouraging businesses to apply for the ERC and, in many cases, without conducting thorough due diligence required under the Coronavirus Aid, Relief and Economic Security (CARES) Act and Internal Revenue Service (IRS) Notices.

audit 93

audit Government Tax 93

CPA Practice

JULY 27, 2023

By Richard D. Alaniz, J.D. Supervisors occupy a far more demanding and consequential position in today’s workplace given ever increasing regulation. Supervisors are the trainers of new employees, the employees’ primary contact with the company, as well as the employer’s eyes and ears on the production floor or around the office. Perhaps a supervisor’s most significant role is serving as the employer’s first line of defense against the incidence and continuation of regulatory non-compliance.

Legal 98

Legal Government payroll 98

Accounting Today

JULY 27, 2023

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

Finance 98

Finance Tax 98

Insightful Accountant

JULY 27, 2023

The US Citizenship & Immigration Service has announced a new Form I-9 available on August 1, 2023, and also a new alternative I-9 documentation procedure available only to qualified E-verify employers.

94

94

Advertiser: Paycor

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.

Accounting Today

JULY 27, 2023

Many firms know how to figure out if an accountant has good technical skills — but the ability to manage a project (or several) is something else again.

Account 96

Account accountant accounted 96

Insightful Accountant

JULY 27, 2023

Zoho's Nathan Rodgerson joins Insightful Accountant's Gary DeHart on the latest edition of the Accounting Insiders' podcast. Learn the advantages of leveraging a tech stack.

Account 89

Account accountant accounted 89

AccountingDepartment

JULY 27, 2023

As a manufacturing business owner, keeping track of every moving part of your operation can be challenging. From tracking inventory levels to managing finances and processing orders, disparate systems can quickly become overwhelming.

Manufacturing 76

Manufacturing NetSuite Finance Technology 76

GrowthForceBlog

JULY 27, 2023

With a lot of time and attention focused on delivering solutions to your clients, little time, and energy are left for focusing on your back office

bookkeeping 77

bookkeeping 77

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.

Accounting Today

JULY 27, 2023

Bad magic; this will hurt a bit; the Queen is dead; and other highlights of recent tax cases.

Tax 98

Tax tax preparation 98

MineralTree

JULY 27, 2023

How to Protect the AP Team Picture this: You receive an email from one of your company’s vendors requesting an urgent update to their payment information. You have a strong relationship with this vendor, so you comply without a second thought — unaware that you’ve just fallen victim to a BEC (business email compromise) scam. BEC is a form of cybercrime in which attackers impersonate or manipulate legitimate email accounts to deceive individuals from an organization into sharing sensitive informa

AP Automation 68

AP Automation Education AP Processes accounts payable 68

Accounting Today

JULY 27, 2023

Aprio merged in CSH&G, and Adams Brown added The Technology Specialist Inc.

Technology 98

Technology Management Consulting 98

CPA Practice

JULY 27, 2023

In a recent survey by financial app developer Capterra , 60% of respondents now seek advice from personal finance apps before reaching out to financial professionals. Furthermore, 64% of fintech users feel that these tools have significantly reduced their reliance on financial advisors. “Fintech has rapidly advanced within the last few years, changing how traditional financial services are offered and how consumers manage their finances,” says Max Lillard, senior finance analyst at Capterra.

Finance 52

Finance Account accountant accounted 52

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

Technology

Accounting Today

JULY 27, 2023

The annual list recognizes the 100 top workplaces in the profession.

Account 98

Account accountant accounted accounting firms 98

Canopy Accounting

JULY 27, 2023

"Canopy better serves our needs, has more efficiencies, and it's better cost saving when we take it in and aggregate to all of our other tools." - Sean Duncan, Founder SMD Consulting & Accounting. Why Choose Canopy? Canopy is a comprehensive solution that consolidates client management, project management, task tracking, and document storage. The software's user-friendliness, accessibility through mobile apps, and ability to handle IRS transcripts in batches help SMD Consulting & Account

Account 52

Account accountant accounted 52

Accounting Today

JULY 27, 2023

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

audit 52

audit Technology Account accountant 52

Withum

JULY 27, 2023

As funding for technology startups and emerging growth companies face continued pressures, there will be an increased investor due diligence and review of key operating and financial key performance indicators (KPIs). The depth and complexity of startup KPIs can be as simple as a back-of-the-napkin calculation or as complex as a merger of multiple customer relationship management (CRM) systems and financial information.

payroll 52

payroll Sales accounting system Account 52

Advertiser: Paycor

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.

Insightful Accountant

JULY 27, 2023

Insightful Accountant App Academy's are short "lessons" featuring App found in the Intuit Ecosystem. Gary DeHart, sat with Omry Man from Anchor and learned what Anchor does and how accounting professionals leverage automations.

accounting apps 52

accounting apps Account accountant accounted 52

Basis 365

JULY 27, 2023

Inventory management plays a vital role in the success of any eCommerce business. Efficiently managing inventory is crucial for maintaining accurate financial records and ensuring the smooth operation of the supply chain. Inventory management plays a significant role in eCommerce accounting, so let's review its impact on various aspects of the business.

E-commerce 52

E-commerce Account accountant accounted 52

CPA Practice

JULY 27, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss the recent Verizon data breach and what firms need to know and do to protect their firm and client data. Use the podcast player below to listen.

Technology 52

Technology CPA Account accountant 52

CTP

JULY 27, 2023

Profiting from investments and reducing tax liability may seem like competing goals, but both can be accomplished with a little proactive tax planning. In the world of tax strategy, timing is key to keeping taxes low. One sometimes-overlooked approach is to be deliberate about when you realize and deduct financial losses. This type of nuanced tax advice may take time to outline for your clients, but the result can be major savings that demonstrate the value of working with a tax professional.

Tax 52

Tax Sales tax planning B2B 52

Advertisement

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.

Finance

CPA Practice

JULY 27, 2023

By Kiplinger Consumer News Service. Over the last several decades, headlines about Social Security running out of funds to support retiring seniors have become somewhat commonplace in mainstream media. In fact, the latest estimate suggests the program will begin to run short of the necessary funds to support the retired population as early as 2033 — if officials don’t do something about it before then.

payroll tax 52

payroll tax payroll Washington Start-ups 52

CTP

JULY 27, 2023

Profiting off your investments while also reducing your tax bill is a delicate balancing act. The more you learn about tax reduction strategies, the clearer it becomes that timing is essential to keeping taxes low. Putting these strategies into play requires advance planning, which is where the help of a Certified Tax Planner comes in handy. With expert assistance, you can identify the approach that best fits your financial situation.

Tax 52

Tax tax planning Sales Start-ups 52

LSLCPAs

JULY 27, 2023

What Happens When Banks Merge? You may have just heard from your preferred news feed that another bigger bank is acquiring your bank. Whether or not it is an amicable merger, you are glad when your local bank’s manager tells you personally that very next morning about the change. She says, “This merger will be. The post Accounting Procedures for Handling Bank Mergers and Acquisitions: 10 Tips for a Smooth Transition appeared first on LSL CPAs.

cpas 52

cpas Account accountant accounted 52

Accounting Insight

JULY 27, 2023

An accountant and mentor has been Highly Commended for her third business book at a national award ceremony celebrating quality and variety. Della Hudson, of Minerva Accountants in Bristol and Somerset, has written Changing the Numbers: How to deliver advisory services for maximum success for fellow accountants. And it was highly commended in the specialist category by a panel of the UK’s top business experts, academics, and entrepreneurs at The Business Book Awards.

institute of chartered accountants 52

institute of chartered accountants Account accountant accounted 52

Advertisement

"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.

cpa firm