Going Concern

NOVEMBER 14, 2023

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting. Of the finance and accounting sector the report says: In a field known for ‘churn and burn,’ last year was one for the record books with higher job turnover than in any other thre

accountant salary 108

accountant salary Account accountant accounted 108

TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Depending on your business and where you are in your sales tax journey, it could take as little as a month or so or up to six months (or more).

Sales 187

Sales Tax Connecticut Colorado 187

BurklandAssociates

NOVEMBER 14, 2023

During our recent interview, Gaurav Bhasin shared valuable insights and tips for founders considering a private equity deal. The post Private Equity Insights for Startup Founders from Gaurav Bhasin appeared first on Burkland.

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RogerRossmeisl

NOVEMBER 14, 2023

Transaction databases contain the details of thousands of real-life public and private stock sales. They’re used by business valuators when they apply the guideline transaction method. This method — also known as the merger and acquisition method — is a subset of the market approach. It derives a company’s value from prices paid for companies engaged in the same, or similar, lines of business.

CPA 130

CPA Sales cpa firm 130

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

Accounting Today

NOVEMBER 14, 2023

Commissioner Danny Werfel and Taxpayer Advocate Erin Collins discussed the enhancements the IRS has been making thanks to the additional billions of dollars of funding.

tax return 127

tax return income tax Tax 127

RogerRossmeisl

NOVEMBER 14, 2023

Surveillance is common in many workplaces, yet companies monitoring employee activities may keep the practice under wraps. This may be a mistake, because when workers know they’re being watched, they’re generally less likely to be dishonest. For example, several surveys have shown that clearly visible security cameras discourage employees from stealing inventory.

CPA 130

CPA cpa firm 130

CPA Practice

NOVEMBER 14, 2023

Considering the circumstances surrounding the coronavirus pandemic, the IRS’s decision to destroy approximately 30 million unprocessed tax year 2019 paper-filed information returns was “reasonable,” the Treasury Inspector General for Tax Administration (TIGTA) concluded in a report released last week. The destruction of the paper returns was discovered by TIGTA in September 2021, and the IRS watchdog issued a separate report on its investigation in May 2022.

tax return 119

tax return income tax Tax Transportation 119

Going Concern

NOVEMBER 14, 2023

The PCAOB today announced settled disciplinary orders sanctioning Greece-based PricewaterhouseCoopers Auditing Company SA (PwC Greece) and its partner Nicos George Komodromos for violations of PCAOB rules and standards in connection with the audit of the 2016 financial statements of Aegean Marine Petroleum Network Inc. Sometimes the PCAOB deserves to be criticized for being nitpicking paper-pushers but in this case we’ll go ahead and give them the point.

audit 116

audit financial statements auditor accounting and finance 116

CPA Practice

NOVEMBER 14, 2023

At this year’s QuickBooks Connect conference in Las Vegas, Nov. 13-15, more than 2,500 accountants learned about many new product and feature innovations that will help them serve their clients through the QuickBooks Online ecosystem. “Accounting professionals are our most valued partner; QuickBooks Connect allows us to foster deeper relationships with them so we can work better together to empower and fuel small business success,” said Jeremy Sulzmann, vice president of the Partners Segment Bus

quickbooks 119

quickbooks E-commerce Approval Workflows Account 119

Accounting Today

NOVEMBER 14, 2023

Average audit fees increased by 4.6% from 2021 to 2022, and more auditors are using data analytics in their audits, according to a new report.

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auditor audit Technology 123

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.

CPA Practice

NOVEMBER 14, 2023

By Kody Myers. The most valuable asset in an organization’s adoption of artificial intelligence is its own people. While AI unlocks formidable analytical capabilities, the human capacity for judgment, ethics and values remains irreplaceable. Is your business incorporating these key human elements into your AI-driven processes? Businesses Hope to Maintain Human Judgment Amidst AI Adoption Finance has seen a transformative shift by integrating AI in predictive analytics and risk assessments.

Finance 115

Finance accounting and finance Technology Account 115

IgniteSpot

NOVEMBER 14, 2023

Intuit's upcoming changes to the existing four-tier ProAdvisor program promise to deliver significant value for accounting professionals. While maintaining the Silver, Gold, Platinum, and Elite tiers, Intuit is overhauling each level's points system and benefits. These updates will provide advisors and their firms substantial advantages.

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Account accountant accounted 108

CPA Practice

NOVEMBER 14, 2023

Intuit Inc. , used its annual QuickBooks Connect user conference in Las Vegas to announce QuickBooks Bill Pay , a new solution fully integrated within QuickBooks that transforms bill pay for businesses and delivers accounts payable automation. Intuit is the maker of TurboTax , Credit Karma , QuickBooks , and Mailchimp. “Across the QuickBooks platform, we’re revolutionizing money movement to improve the number-one problem small businesses face – cash flow – which impacts their success rates,” sai

quickbooks 111

quickbooks AP Automation Accounts Payable Automation Approval Workflows 111

Accounting Today

NOVEMBER 14, 2023

Microsoft's recent embroilment with the IRS highlights the dangers of this tax strategy for multinational companies.

Tax 129

Tax corporation tax 129

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.

CPA Practice

NOVEMBER 14, 2023

Nominations for the 2024 Most Powerful Women in Accounting awards are now open. The award, presented by CPA Practice Advisor , in conjunction with the AICPA & CIMA Women’s Initiative, recognizes women leaders who have made significant contributions to the accounting and finance profession in the calendar year 2023 only. Click here for the nomination form.

Account 110

Account accountant accounted CPA 110

Xero

NOVEMBER 14, 2023

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process. Today, we’re excited to share that we are the first major small business accounting software company to launch eInvoicing in the UK.

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small business accounting software accounting software accounting system bookkeeping 102

CPA Practice

NOVEMBER 14, 2023

Intuit, the maker of QuickBooks , TurboTax , Credit Karma , and Mailchimp , has partnered with Allstate Health Solutions to provide QuickBooks Online Payroll customers with expanded insurance options for their employees, in time for open enrollment season. The partnership agreement was announced during this week’s QuickBooks Connect, an event for accounting professionals designed to inspire, connect, and educate the community on technology’s impact on the industry and the latest innovations acro

quickbooks 98

quickbooks payroll Healthcare Hospitality 98

Xero

NOVEMBER 14, 2023

We’re very excited to reveal the global and regional winners of the inaugural Xero Beautiful Business Fund – each of whom will receive a share of the NZ$750,000 global prize pool. After receiving a massive 5,500+ applications across four categories and seven countries, our regional and global judging panels have selected a total of 28 winners.

Manufacturing 98

Manufacturing Technology 98

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

AccountingDepartment

NOVEMBER 14, 2023

As a small and medium-sized business (SMB) owner, managing your cash flow and expenses is crucial to keep your business afloat and profitable. But in today's ever-changing business landscape, controlling costs is easier said than done.

bookkeeping services 98

bookkeeping services Spend Management bookkeeping Account 98

Insightful Accountant

NOVEMBER 14, 2023

Intuit (NASDAQ: INTU) introduced new innovations at QuickBooks Connect to serve accountants and small businesses via QuickBooks online ecosystem.

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quickbooks Account accountant accounted 105

Accounting Today

NOVEMBER 14, 2023

The standard-setter has appointed its technical director as its newest member, succeeding vice chair James Kroeker.

accounting standards 117

accounting standards income tax Account accountant 117

Insightful Accountant

NOVEMBER 14, 2023

For the next few months, accountants are fielding calls and emails with a tinge of desperation around payroll books that are a mess and reporting deadlines that seem impossible to meet. Let’s bring some peace to this process.

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payroll Account accountant accounted 88

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.

Xero

NOVEMBER 14, 2023

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

Agriculture 75

Agriculture Technology Education Start-ups 75

ThomsonReuters

NOVEMBER 14, 2023

The power of gratitude You probably say “Hey, thanks” several times a day. It’s a common way to show courtesy and appreciation in everyday interactions. You might also use “Thanks” in your email signature or send a “thank you” emoji to your colleagues. But what if you want to express a deeper level of gratitude at work?

Tax 75

Tax business tax Account accountant 75

Mark Lee

NOVEMBER 14, 2023

I was delighted and proud to see my niece in a local production of the musical theatre show ‘Kinky Boots’ last week. It’s a show I’ve not seen before but I did watch the film a while back so I had some idea of the storyline. And I’ve heard some of the most popular songs many times. This week I have decided to highlight some analogies and related business development lessons for accountants, inspired by the show.

Account 93

Account accountant accounted Manufacturing 93

Accounting Today

NOVEMBER 14, 2023

There is a distinction between traditional automation and AI that's important, especially in the context of tax management.

Tax 75

Tax Sales 75

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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

NOVEMBER 14, 2023

Tuscon, AZ-based BeachFleischman recently said that Nogales, AZ-based Jeong Lizardi joined the top 200 accounting firm on Nov. 1. As part of the deal, Jeong Lizardi will practice as BeachFleischman and continue to operate from its existing office in Nogales. In addition, BeachFleischman gained 10 client service and administrative professionals, including co-founder Leonard Lizardi, who was named a tax principal and managing principal of the Nogales office.

Arizona 59

Arizona tax preparation bookkeeping tax planning 59

LSLCPAs

NOVEMBER 14, 2023

Most organization have had their 457 plans set up for decades and many organizations don’t realize that these plans may not be serving your organization or its employees very well. In today’s market, there are more retirement plan providers than there used to be and its possible your provider is no longer the best option. The post Regularly Review Your Retirement Plan Provider & Fiduciary Responsibilities for Your 457 Plan appeared first on LSL CPAs.

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cpas Government 59

Xero

NOVEMBER 14, 2023

We recently launched a new initiative, the Xero Beautiful Business Fund , providing more than R8,000,000 in funding globally to our small business customers in South Africa, Australia, New Zealand, Singapore, the UK, Canada and the US. We received a huge number of applications from a diverse range of Xero customers, all doing amazing things. There were 28 winners overall, including four South African winners who were recognised for best demonstrating, in a 90 second video, how they would use the

Agriculture 52

Agriculture Technology Education Start-ups 52

Insightful Accountant

NOVEMBER 14, 2023

Burnout not only affects individual well-being but can also lead to reduced profitability and higher turnover rates for accounting firms. In this article, we will explore seven strategies to avoid tax season burnout in 2024 and beyond.

Tax 52

Tax 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.

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